Ormat Technologies (ORA) Financials

$74.49 +0.85 (+1.15%)

Closing price 05/30/2025 03:59 PM Eastern

Extended Trading

$74.33 -0.16 (-0.21%)

As of 05/30/2025 04:49 PM Eastern

Annual Income Statements for Ormat Technologies

This table shows Ormat Technologies' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	124	124	66	62	85	88	98	132	89	120
Consolidated Net Income / (Loss)	131	133	78	76	102	94	110	147	96	124
Net Income / (Loss) Continuing Operations	131	133	78	76	102	94	110	147	96	124
Total Pre-Tax Income	115	139	96	104	169	137	137	171	141	114
Total Operating Income	172	167	153	169	214	194	185	205	202	164
Total Gross Profit	273	264	269	264	276	269	270	268	271	218
Total Revenue	880	829	734	663	705	746	719	693	663	595
Operating Revenue	880	829	734	663	705	746	719	693	663	595
Total Cost of Revenue	607	565	465	399	429	477	449	424	392	376
Operating Cost of Revenue	607	565	465	-	429	-	449	-	392	376
Total Operating Expenses	100	97	116	95	62	76	85	63	69	54
Selling, General & Admin Expense	80	68	61	76	60	56	48	43	47	35
Marketing Expense	18	18	16	15	17	15	20	16	16	16
Research & Development Expense	6.50	7.22	5.08	4.13	5.40	4.65	4.18	3.16	2.76	1.78
Other Operating Expenses / (Income)	-9.38	0.00	0.00	-	-	-	-	-	-	-
Impairment Charge	5.21	3.73	33	0.00	0.00	-	14	1.80	3.02	1.58
Total Other Income / (Expense), net	-57	-28	-57	-66	-45	-56	-48	-34	-61	-50
Interest Expense	134	99	88	83	78	80	71	54	67	73
Interest & Investment Income	81	73	37	32	27	22	20	19	17	26
Other Income / (Expense), net	-4.00	-1.76	-6.75	-15	5.22	1.50	3.02	0.99	-11	-3.61
Income Tax Expense	-16	5.98	15	25	67	46	35	22	37	-16
Other Gains / (Losses), net	-0.43	0.04	-3.07	-2.62	0.09	1.85	7.66	-1.96	-7.74	-5.51
Net Income / (Loss) Attributable to Noncontrolling Interest	7.51	8.74	12	14	16	5.45	12	15	7.59	3.78
Basic Earnings per Share	$2.05	$2.09	$1.17	$1.11	$1.66	$1.73	$1.93	$2.64	$1.79	$2.48
Weighted Average Basic Shares Outstanding	60.46M	59.42M	56.06M	56.00M	51.57M	50.87M	50.64M	50.11M	49.47M	48.56M
Diluted Earnings per Share	$2.04	$2.08	$1.17	$1.10	$1.65	$1.72	$1.92	$2.61	$1.77	$2.45
Weighted Average Diluted Shares Outstanding	60.79M	59.76M	56.50M	56.40M	51.94M	51.23M	50.97M	50.77M	50.14M	49.19M
Weighted Average Basic & Diluted Shares Outstanding	60.50M	60.36M	56.10M	56.06M	55.98M	51.03M	50.80M	50.11M	49.47M	48.60M
Cash Dividends to Common per Share	$0.48	$0.48	$0.48	$0.48	$0.44	$0.44	$0.53	$0.41	$0.52	$0.26

This table shows Ormat Technologies' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	40	41	22	22	39	36	35	24	29	18	18
Consolidated Net Income / (Loss)	41	43	24	24	40	39	36	25	33	20	20
Net Income / (Loss) Continuing Operations	41	43	24	24	40	39	36	25	33	20	20
Total Pre-Tax Income	38	32	25	20	39	49	30	19	42	13	28
Total Operating Income	51	49	36	35	53	52	38	24	53	30	39
Total Gross Profit	73	74	59	61	79	78	60	49	76	80	61
Total Revenue	230	231	212	213	224	241	208	195	185	205	176
Operating Revenue	230	231	212	213	224	241	208	195	185	205	176
Total Cost of Revenue	157	157	153	152	145	163	148	145	109	125	115
Operating Cost of Revenue	157	-	-	-	145	-	-	-	109	125	115
Total Operating Expenses	22	24	23	26	26	27	22	25	23	50	22
Selling, General & Admin Expense	18	20	23	18	20	19	14	18	18	14	16
Marketing Expense	4.17	4.15	4.25	4.17	5.13	4.31	4.68	5.37	3.95	3.78	4.09
Research & Development Expense	2.54	1.39	1.82	1.73	1.56	2.45	1.39	2.08	1.29	1.39	1.24
Other Operating Expenses / (Income)	-3.13	-	-6.25	-	-	-	0.00	-	-	-	-
Impairment Charge	0.52	-	0.40	2.34	-	-	2.32	0.00	-	-	0.83
Total Other Income / (Expense), net	-13	-17	-11	-16	-13	-2.78	-7.96	-5.67	-11	-17	-11
Interest Expense	34	35	35	34	31	26	25	24	24	24	22
Interest & Investment Income	19	21	22	18	19	21	18	20	14	8.78	11
Other Income / (Expense), net	2.28	-4.25	2.07	-0.26	-1.56	1.98	-0.67	-1.19	-1.88	-2.21	0.38
Income Tax Expense	-3.80	-12	-1.19	-3.18	-0.15	8.19	-7.13	-3.96	8.89	-8.78	7.23
Other Gains / (Losses), net	-0.37	-0.86	-1.62	1.23	0.83	-1.83	-0.41	2.00	0.27	-1.50	-0.59
Net Income / (Loss) Attributable to Noncontrolling Interest	0.67	1.80	2.22	1.72	1.76	3.11	0.88	0.32	4.43	2.19	1.72
Basic Earnings per Share	$0.67	$0.67	$0.37	$0.37	$0.64	$0.59	$0.59	$0.40	$0.51	$0.32	$0.32
Weighted Average Basic Shares Outstanding	60.56M	60.46M	60.48M	60.45M	60.39M	59.42M	60.30M	60.25M	56.71M	56.06M	56.00M
Diluted Earnings per Share	$0.66	$0.67	$0.36	$0.37	$0.64	$0.58	$0.59	$0.40	$0.51	$0.32	$0.32
Weighted Average Diluted Shares Outstanding	60.84M	60.79M	60.77M	60.76M	60.54M	59.76M	60.57M	60.63M	57.10M	56.50M	56.46M
Weighted Average Basic & Diluted Shares Outstanding	60.66M	60.50M	60.48M	60.45M	60.42M	60.36M	60.35M	60.26M	59.71M	56.10M	56.05M
Cash Dividends to Common per Share	$0.12	-	$0.12	$0.12	$0.12	-	$0.12	$0.12	-	-	$0.12

This table details how cash moves in and out of Ormat Technologies' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	-82	61	-117	-193	384	-24	54	-168	29	146
Net Cash From Operating Activities	411	309	281	259	265	236	146	246	159	190
Net Cash From Continuing Operating Activities	411	309	281	259	265	236	146	246	159	190
Net Income / (Loss) Continuing Operations	131	133	78	76	102	94	110	147	96	124
Consolidated Net Income / (Loss)	131	133	78	76	102	94	110	147	96	124
Depreciation Expense	263	225	199	183	157	149	132	115	106	107
Non-Cash Adjustments To Reconcile Net Income	-13	14	35	19	26	-3.69	3.81	1.29	-19	-4.41
Changes in Operating Assets and Liabilities, net	30	-62	-30	-19	-20	0.56	-98	-15	-21	-37
Net Cash From Investing Activities	-780	-628	-523	-638	-386	-255	-342	-346	-174	-91
Net Cash From Continuing Investing Activities	-780	-628	-523	-638	-386	-255	-342	-346	-174	-91
Purchase of Property, Plant & Equipment	-488	-618	-563	-419	-321	-280	-259	-259	-152	-152
Acquisitions	-294	-10	-4.51	-177	-64	-11	-99	-82	-24	-0.50
Purchase of Investments	0.00	0.00	-19	-60	0.00	0.00	-	-	-	-
Sale and/or Maturity of Investments	0.00	0.00	62	16	0.00	0.00	-	-	-	-
Other Investing Activities, net	1.02	0.22	1.77	2.28	-0.87	36	15	-3.81	1.86	62
Net Cash From Financing Activities	288	380	126	186	503	-5.77	251	-68	44	47
Net Cash From Continuing Financing Activities	288	380	126	186	503	-5.77	251	-68	44	47
Repayment of Debt	-422	-43	-406	177	-1,477	-1,668	-4,058	-1,132	-635	-727
Repurchase of Common Equity	0.00	0.00	-18	0.00	0.00	-	-	-	-	-
Payment of Dividends	-35	-38	-33	-34	-32	-32	-40	-42	-90	-32
Issuance of Debt	230	100	420	0.00	1,249	1,501	4,097	1,098	655	641
Issuance of Common Equity	12	349	5.44	5.70	347	3.35	4.13	2.02	106	158
Other Financing Activities, net	503	13	158	37	416	190	247	6.21	7.25	6.09
Effect of Exchange Rate Changes	-0.58	0.07	-	-0.35	1.15	-0.58	-0.66	0.00	0.00	-
Cash Interest Paid	103	72	69	67	61	62	54	40	55	55
Cash Income Taxes Paid	26	26	29	34	65	1.65	18	22	18	10

This table details how cash moves in and out of Ormat Technologies' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	19	29	13	-135	11	102	-209	-127	296	-26	-103
Net Cash From Operating Activities	88	159	106	31	115	139	40	74	56	75	91
Net Cash From Continuing Operating Activities	88	159	106	31	115	139	40	74	56	75	91
Net Income / (Loss) Continuing Operations	41	43	24	24	40	39	36	25	33	20	20
Consolidated Net Income / (Loss)	41	43	24	24	40	39	36	25	33	20	20
Depreciation Expense	70	70	67	64	62	60	57	54	53	51	50
Non-Cash Adjustments To Reconcile Net Income	22	25	-19	-14	-4.87	25	-8.66	-15	12	33	-1.85
Changes in Operating Assets and Liabilities, net	-45	21	35	-43	17	15	-45	10	-42	-30	23
Net Cash From Investing Activities	-208	-135	-120	-147	-378	-170	-183	-164	-111	-154	-145
Net Cash From Continuing Investing Activities	-208	-135	-120	-147	-378	-170	-183	-164	-111	-154	-145
Purchase of Property, Plant & Equipment	-193	-128	-110	-147	-103	-170	-182	-160	-107	-155	-145
Acquisitions	-15	-17	-0.59	-0.62	-275	-0.58	-1.50	-3.87	-4.24	-	-0.16
Other Investing Activities, net	-0.05	9.75	-9.85	0.33	0.79	-0.00	0.35	-0.06	-0.07	1.27	0.55
Net Cash From Financing Activities	139	5.89	27	-19	274	132	-66	-37	350	53	-49
Net Cash From Continuing Financing Activities	139	5.89	27	-19	274	132	-66	-37	350	53	-49
Repayment of Debt	-391	-99	-545	321	-99	0.78	73	-74	-44	-123	33
Payment of Dividends	-10	-7.56	-9.33	-8.18	-10	17	-38	-7.83	-9.72	-6.90	-8.80
Issuance of Debt	330	51	139	-	40	100	-	-	0.00	-	-0.70
Issuance of Common Equity	10	-	-	-	12	-	0.01	45	304	-	-
Other Financing Activities, net	200	62	442	-332	331	14	-100	-0.39	99	183	-73
Effect of Exchange Rate Changes	0.02	-	-	-	-	0.14	-	-	-	-	-0.35

This table presents Ormat Technologies' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	5,666	5,208	4,612	4,426	3,889	3,250	3,121	2,624	2,462	2,274
Total Current Assets	547	646	457	602	779	416	473	322	473	375
Cash & Equivalents	94	196	96	239	448	71	99	48	230	186
Restricted Cash	111	92	131	104	89	82	79	49	34	50
Accounts Receivable	215	253	161	141	167	177	199	124	150	88
Inventories, net	38	45	23	28	35	35	45	20	12	18
Prepaid Expenses	59	42	30	36	15	13	51	40	46	33
Other Current Assets	29	18	16	9.69	25	38	-	41	-	-
Plant, Property, & Equipment, net	0.00	815	2,493	3,016	2,099	1,971	1,960	1,735	1,556	1,559
Total Noncurrent Assets	5,119	3,747	1,661	807	1,011	863	689	568	432	340
Long-Term Investments	145	125	116	106	98	81	72	34	0.00	-
Noncurrent Note & Lease Receivables	2.84	3.51	3.81	26	12	14	3.24	4.67	3.92	4.02
Goodwill	151	91	90	90	25	20	20	21	6.65	0.00
Intangible Assets	302	308	334	363	194	186	200	85	53	26
Noncurrent Deferred & Refundable Income Taxes	154	153	161	143	119	130	114	57	0.00	-
Other Noncurrent Operating Assets	4,365	3,068	956	79	563	432	280	365	369	310
Total Liabilities & Shareholders' Equity	5,666	5,208	4,612	4,426	3,889	3,250	3,121	2,624	2,462	2,274
Total Liabilities	3,106	2,757	2,581	2,418	1,938	1,726	1,668	1,322	1,289	1,190
Total Current Liabilities	598	537	344	544	249	376	362	283	189	189
Short-Term Debt	100	120	0.00	-	-	115	192	85	32	30
Accounts Payable	234	215	149	143	153	142	116	154	92	92
Current Deferred Revenue	23	-	8.79	-	11	2.76	18	20	32	34
Other Current Liabilities	241	203	186	401	85	117	35	25	34	33
Total Noncurrent Liabilities	2,508	2,220	2,237	1,874	1,689	1,349	1,306	1,038	1,093	1,002
Long-Term Debt	1,871	423	421	-	-	1,012	1,041	804	873	839
Asset Retirement Reserve & Litigation Obligation	130	114	110	101	82	69	57	48	42	40
Noncurrent Deferred & Payable Income Tax Liabilities	75	75	90	90	90	112	73	71	43	43
Other Noncurrent Operating Liabilities	433	1,607	1,616	1,683	1,517	157	86	63	81	22
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	9.45	11	9.59	9.33	9.83	9.25	8.60	6.42	11	0.00
Total Equity & Noncontrolling Interests	2,551	2,441	2,021	1,998	1,941	1,515	1,445	1,296	1,168	1,084
Total Preferred & Common Equity	2,425	2,315	1,868	1,855	1,806	1,392	1,320	1,211	1,077	990
Total Common Equity	2,425	2,315	1,868	1,855	1,806	1,392	1,320	1,211	1,077	990
Common Stock	1,635	1,615	1,259	1,272	1,263	913	901	889	870	849
Retained Earnings	815	720	624	585	550	488	422	327	215	148
Treasury Stock	-18	-18	-18	-	-	-	-	-	-	-
Accumulated Other Comprehensive Income / (Loss)	-6.73	-1.33	2.50	-2.19	-6.62	-8.65	-3.80	-4.71	-8.18	-7.67
Noncontrolling Interest	126	126	153	143	135	123	125	84	92	94

This table presents Ormat Technologies' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	5,839	5,590	5,507	5,517	5,011	5,011	5,015	4,525
Total Current Assets	601	537	517	609	516	686	811	475
Cash & Equivalents	113	88	66	202	78	275	415	155
Restricted Cash	112	89	97	97	108	120	107	98
Accounts Receivable	219	200	192	188	228	205	198	138
Inventories, net	42	47	45	54	45	38	45	30
Prepaid Expenses	94	82	87	44	56	47	45	37
Other Current Assets	21	31	30	24	-	-	-	17
Plant, Property, & Equipment, net	845	0.00	0.00	3,220	2,883	2,836	2,542	2,510
Plant, Property & Equipment, gross	845	-	-	-	-	-	-	-
Total Noncurrent Assets	4,393	5,053	4,990	1,687	1,612	1,489	1,663	1,540
Long-Term Investments	159	127	130	127	128	126	119	117
Goodwill	151	151	151	151	90	90	90	90
Intangible Assets	295	310	317	324	314	321	328	339
Noncurrent Deferred & Refundable Income Taxes	166	199	186	174	166	166	156	135
Other Noncurrent Operating Assets	3,622	4,263	4,206	908	910	780	965	855
Total Liabilities & Shareholders' Equity	5,839	5,590	5,507	5,517	5,011	5,011	5,015	4,525
Total Liabilities	3,244	3,066	3,000	3,030	2,596	2,594	2,669	2,524
Total Current Liabilities	619	566	531	546	540	383	391	372
Short-Term Debt	100	100	100	100	35	-	-	-
Accounts Payable	201	218	183	197	228	175	173	160
Other Current Liabilities	318	238	231	228	267	190	194	198
Total Noncurrent Liabilities	2,624	2,499	2,469	2,484	2,056	2,210	2,278	2,152
Long-Term Debt	470	469	424	424	423	422	421	420
Asset Retirement Reserve & Litigation Obligation	131	127	125	134	115	114	112	106
Noncurrent Deferred & Payable Income Tax Liabilities	78	85	86	84	67	81	85	84
Other Noncurrent Operating Liabilities	1,945	1,818	1,833	1,842	1,451	1,593	1,660	1,541
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	9.57	11	9.99	10	9.95	10	9.36	8.43
Total Equity & Noncontrolling Interests	2,586	2,514	2,497	2,477	2,405	2,407	2,337	1,992
Total Preferred & Common Equity	2,461	2,389	2,371	2,352	2,279	2,254	2,185	1,847
Total Common Equity	2,461	2,389	2,371	2,352	2,279	2,254	2,185	1,847
Common Stock	1,641	1,630	1,625	1,620	1,611	1,609	1,561	1,256
Retained Earnings	848	781	766	751	691	663	646	613
Treasury Stock	-18	-18	-18	-18	-18	-18	-18	-18
Accumulated Other Comprehensive Income / (Loss)	-9.41	-4.59	-1.75	-0.84	-5.23	-0.17	-4.21	-4.48
Noncontrolling Interest	125	125	126	124	126	153	152	146

This table displays calculated financial ratios and metrics derived from Ormat Technologies' official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.06%	12.98%	10.72%	-5.99%	-5.46%	3.72%	3.82%	4.56%	11.43%	6.28%
EBITDA Growth	10.71%	12.99%	2.18%	-10.21%	10.10%	7.46%	-0.25%	8.40%	9.89%	8.45%
EBIT Growth	2.21%	12.86%	-5.47%	-29.53%	12.25%	3.81%	-8.68%	7.85%	19.04%	9.87%
NOPAT Growth	23.46%	23.35%	0.41%	-0.24%	-0.30%	-6.38%	-22.77%	20.25%	-20.51%	92.37%
Net Income Growth	-1.42%	71.14%	2.26%	-25.27%	8.83%	-15.05%	-25.15%	52.77%	-22.44%	125.66%
EPS Growth	-1.92%	77.78%	6.36%	-33.33%	-4.07%	-10.42%	-26.44%	47.46%	-27.76%	107.63%
Operating Cash Flow Growth	32.81%	10.12%	8.56%	-2.33%	12.06%	62.18%	-40.62%	54.17%	-16.18%	-10.88%
Free Cash Flow Firm Growth	-348.00%	32.63%	-562.54%	-105.70%	722.83%	162.61%	-288.78%	-233.52%	-47.54%	-36.48%
Invested Capital Growth	61.95%	22.40%	39.20%	15.11%	-45.55%	-0.82%	18.30%	13.21%	5.99%	6.16%
Revenue Q/Q Growth	-1.19%	4.52%	2.01%	1.78%	-1.82%	0.27%	0.00%	0.00%	-0.68%	3.81%
EBITDA Q/Q Growth	0.32%	9.61%	-6.96%	2.82%	1.23%	-2.39%	139.74%	191.04%	-0.11%	6.24%
EBIT Q/Q Growth	-4.95%	18.38%	-16.34%	1.04%	0.48%	-5.76%	0.00%	0.00%	0.32%	10.26%
NOPAT Q/Q Growth	15.66%	-0.76%	5.97%	8.43%	5.00%	-2.98%	0.00%	0.00%	4.96%	6.45%
Net Income Q/Q Growth	2.98%	16.24%	-2.56%	-1.63%	10.18%	-8.74%	0.00%	0.00%	1.91%	16.74%
EPS Q/Q Growth	4.62%	14.29%	-1.68%	-3.51%	8.55%	-6.01%	0.00%	0.00%	-4.32%	19.51%
Operating Cash Flow Q/Q Growth	4.97%	26.29%	-12.27%	51.44%	-3.26%	-3.12%	-19.97%	46.36%	-29.23%	20.70%
Free Cash Flow Firm Q/Q Growth	-2,154.73%	9.70%	-153.70%	7.01%	1,368.86%	-12.62%	45.52%	68.50%	-53.46%	95.78%
Invested Capital Q/Q Growth	49.82%	0.92%	2.84%	-45.77%	-49.37%	1.57%	0.81%	4.09%	1.99%	-1.40%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	30.99%	31.83%	36.62%	39.86%	39.17%	36.10%	37.60%	38.75%	40.87%	36.71%
EBITDA Margin	49.03%	46.98%	46.97%	50.89%	53.29%	45.76%	44.17%	45.97%	44.34%	44.96%
Operating Margin	19.61%	20.08%	20.81%	25.54%	30.34%	25.98%	25.74%	29.59%	30.47%	27.59%
EBIT Margin	19.15%	19.87%	19.89%	23.30%	31.08%	26.18%	26.16%	29.73%	28.83%	26.98%
Profit (Net Income) Margin	14.92%	16.05%	10.60%	11.47%	14.43%	12.54%	15.31%	21.23%	14.53%	20.88%
Tax Burden Percent	113.75%	95.72%	81.37%	73.47%	60.34%	68.13%	80.27%	86.16%	68.25%	109.29%
Interest Burden Percent	68.48%	84.38%	65.46%	67.02%	76.96%	70.30%	72.92%	82.88%	73.87%	70.80%
Effective Tax Rate	-14.12%	4.30%	15.42%	24.00%	39.71%	33.22%	25.32%	12.69%	26.27%	-14.13%
Return on Invested Capital (ROIC)	5.82%	6.80%	7.13%	9.09%	6.91%	5.33%	6.15%	9.23%	8.42%	11.23%
ROIC Less NNEP Spread (ROIC-NNEP)	-1.67%	-18.44%	31.97%	18.43%	-14.21%	1.51%	2.92%	4.67%	0.16%	2.61%
Return on Net Nonoperating Assets (RNNOA)	-0.58%	-0.86%	-3.28%	-5.25%	-1.05%	0.95%	1.84%	2.63%	0.09%	2.04%
Return on Equity (ROE)	5.24%	5.94%	3.85%	3.84%	5.86%	6.28%	7.99%	11.86%	8.51%	13.27%
Cash Return on Invested Capital (CROIC)	-41.48%	-13.35%	-25.64%	-4.95%	65.89%	6.16%	-10.62%	-3.17%	2.60%	5.26%
Operating Return on Assets (OROA)	3.10%	3.36%	3.23%	3.72%	6.14%	6.13%	6.55%	8.10%	8.07%	7.30%
Return on Assets (ROA)	2.41%	2.71%	1.72%	1.83%	2.85%	2.94%	3.83%	5.79%	4.07%	5.65%
Return on Common Equity (ROCE)	4.95%	5.54%	3.55%	3.55%	5.39%	5.72%	7.34%	10.93%	7.77%	12.52%
Return on Equity Simple (ROE_SIMPLE)	5.41%	5.75%	4.17%	4.10%	5.64%	6.72%	8.34%	12.14%	8.94%	12.54%
Net Operating Profit after Tax (NOPAT)	197	159	129	129	129	129	138	179	149	187
NOPAT Margin	22.37%	19.22%	17.60%	19.41%	18.29%	17.35%	19.22%	25.84%	22.47%	31.49%
Net Nonoperating Expense Percent (NNEP)	7.49%	25.23%	-24.84%	-9.34%	21.12%	3.82%	3.23%	4.56%	8.25%	8.62%
Return On Investment Capital (ROIC_SIMPLE)	4.35%	5.34%	5.29%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	69.01%	68.17%	63.38%	60.14%	60.83%	63.90%	62.40%	61.25%	59.13%	63.29%
SG&A Expenses to Revenue	9.11%	8.22%	8.35%	11.45%	8.54%	7.48%	6.64%	6.19%	7.05%	5.85%
R&D to Revenue	0.74%	0.87%	0.69%	0.62%	0.76%	0.62%	0.58%	0.46%	0.42%	0.30%
Operating Expenses to Revenue	11.39%	11.75%	15.80%	14.32%	8.83%	10.12%	11.86%	9.16%	10.40%	9.12%
Earnings before Interest and Taxes (EBIT)	168	165	146	155	219	195	188	206	191	160
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	431	390	345	337	376	341	318	318	294	267
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.69	1.96	2.56	2.35	2.49	2.65	1.94	2.55	2.34	1.69
Price to Tangible Book Value (P/TBV)	2.08	2.37	3.32	3.11	2.84	3.11	2.32	2.80	2.48	1.74
Price to Revenue (P/Rev)	4.66	5.48	6.52	6.58	6.38	4.94	3.55	4.46	3.81	2.82
Price to Earnings (P/E)	33.10	36.53	72.68	70.31	52.69	41.86	26.08	23.33	28.43	13.91
Dividend Yield	0.71%	0.64%	0.56%	0.62%	0.50%	0.61%	1.05%	0.67%	1.02%	0.76%
Earnings Yield	3.02%	2.74%	1.38%	1.42%	1.90%	2.39%	3.83%	4.29%	3.52%	7.19%
Enterprise Value to Invested Capital (EV/IC)	1.40	1.86	2.38	2.66	3.05	1.95	1.51	1.91	1.79	1.40
Enterprise Value to Revenue (EV/Rev)	6.65	5.80	6.85	6.07	5.69	6.32	5.11	5.68	4.93	4.04
Enterprise Value to EBITDA (EV/EBITDA)	13.56	12.35	14.58	11.93	10.68	13.81	11.56	12.37	11.12	8.98
Enterprise Value to EBIT (EV/EBIT)	34.73	29.18	34.42	26.06	18.31	24.13	19.52	19.12	17.10	14.97
Enterprise Value to NOPAT (EV/NOPAT)	29.73	30.17	38.89	31.28	31.11	36.42	26.56	22.00	21.94	12.82
Enterprise Value to Operating Cash Flow (EV/OCF)	14.24	15.55	17.89	15.55	15.14	19.93	25.18	16.04	20.50	12.64
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	3.26	31.52	0.00	0.00	70.99	27.39
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.77	0.22	0.21	0.00	0.00	0.74	0.85	0.68	0.77	0.80
Long-Term Debt to Equity	0.73	0.17	0.21	0.00	0.00	0.66	0.72	0.62	0.74	0.77
Financial Leverage	0.35	0.05	-0.10	-0.28	0.07	0.63	0.63	0.56	0.56	0.78
Leverage Ratio	2.17	2.19	2.24	2.10	2.05	2.14	2.08	2.05	2.09	2.35
Compound Leverage Factor	1.49	1.85	1.47	1.41	1.58	1.50	1.52	1.70	1.55	1.66
Debt to Total Capital	43.49%	18.13%	17.17%	0.00%	0.00%	42.50%	45.90%	40.57%	43.42%	44.49%
Short-Term Debt to Total Capital	2.21%	4.01%	0.00%	0.00%	0.00%	4.34%	7.16%	3.87%	1.55%	1.53%
Long-Term Debt to Total Capital	41.29%	14.13%	17.17%	0.00%	0.00%	38.16%	38.73%	36.71%	41.88%	42.96%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	2.99%	4.55%	6.65%	7.61%	7.45%	4.99%	4.98%	4.14%	4.93%	4.81%
Common Equity to Total Capital	53.52%	77.32%	76.18%	92.39%	92.55%	52.51%	49.12%	55.29%	51.65%	50.70%
Debt to EBITDA	4.57	1.39	1.22	0.00	0.00	3.30	3.88	2.79	3.08	3.25
Net Debt to EBITDA	3.76	0.33	0.23	0.00	0.00	2.62	3.10	2.38	2.18	2.37
Long-Term Debt to EBITDA	4.34	1.09	1.22	0.00	0.00	2.96	3.28	2.53	2.97	3.14
Debt to NOPAT	10.01	3.41	3.26	0.00	0.00	8.71	8.92	4.97	6.08	4.64
Net Debt to NOPAT	8.23	0.81	0.61	0.00	0.00	6.90	7.12	4.24	4.30	3.38
Long-Term Debt to NOPAT	9.50	2.65	3.26	0.00	0.00	7.82	7.53	4.49	5.86	4.48
Altman Z-Score	1.24	1.47	1.59	1.55	2.12	1.93	1.58	2.12	1.96	1.53
Noncontrolling Interest Sharing Ratio	5.42%	6.67%	7.82%	7.53%	7.98%	8.93%	8.15%	7.79%	8.68%	5.65%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.91	1.20	1.33	1.11	3.13	1.10	1.31	1.14	2.50	1.99
Quick Ratio	0.52	0.84	0.75	0.78	2.48	0.66	0.82	0.61	2.01	1.45
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,402	-313	-465	-70	1,230	149	-239	-61	46	88
Operating Cash Flow to CapEx	84.26%	50.03%	49.86%	61.73%	82.62%	84.47%	56.41%	94.73%	104.84%	124.65%
Free Cash Flow to Firm to Interest Expense	-10.46	-3.17	-5.30	-0.85	15.78	1.86	-3.37	-1.13	0.68	1.21
Operating Cash Flow to Interest Expense	3.07	3.13	3.20	3.13	3.40	2.94	2.06	4.54	2.36	2.62
Operating Cash Flow Less CapEx to Interest Expense	-0.57	-3.12	-3.22	-1.94	-0.72	-0.54	-1.59	-0.25	0.11	0.52
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.16	0.17	0.16	0.16	0.20	0.23	0.25	0.27	0.28	0.27
Accounts Receivable Turnover	3.76	4.00	4.86	4.30	4.10	3.97	4.45	5.04	5.55	6.78
Inventory Turnover	14.60	16.66	18.15	12.51	12.21	11.92	13.90	26.90	26.06	21.50
Fixed Asset Turnover	0.00	0.50	0.27	0.26	0.35	0.38	0.39	0.42	0.43	0.40
Accounts Payable Turnover	2.70	3.11	3.18	2.69	2.91	3.69	3.32	3.46	4.27	4.18
Days Sales Outstanding (DSO)	97.11	91.20	75.15	84.84	88.94	91.90	82.04	72.37	65.77	53.80
Days Inventory Outstanding (DIO)	24.99	21.91	20.11	29.18	29.89	30.62	26.26	13.57	14.01	16.97
Days Payable Outstanding (DPO)	134.94	117.47	114.76	135.45	125.31	98.85	109.85	105.56	85.52	87.39
Cash Conversion Cycle (CCC)	-12.84	-4.37	-19.50	-21.43	-6.49	23.66	-1.55	-19.62	-5.74	-16.62
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,181	2,581	2,109	1,515	1,316	2,417	2,437	2,060	1,820	1,717
Invested Capital Turnover	0.26	0.35	0.41	0.47	0.38	0.31	0.32	0.36	0.37	0.36
Increase / (Decrease) in Invested Capital	1,599	472	594	199	-1,101	-20	377	240	103	100
Enterprise Value (EV)	5,851	4,810	5,027	4,026	4,013	4,713	3,672	3,938	3,266	2,401
Market Capitalization	4,095	4,544	4,785	4,366	4,503	3,688	2,555	3,089	2,522	1,674
Book Value per Share	$40.10	$38.36	$33.32	$33.12	$35.36	$27.31	$26.05	$23.94	$21.69	$20.19
Tangible Book Value per Share	$32.61	$31.77	$25.75	$25.03	$31.08	$23.26	$21.71	$21.84	$20.50	$19.66
Total Capital	4,531	2,995	2,451	2,008	1,951	2,652	2,687	2,191	2,084	1,953
Total Debt	1,971	543	421	0.00	0.00	1,127	1,233	889	905	869
Total Long-Term Debt	1,871	423	421	0.00	0.00	1,012	1,041	804	873	839
Net Debt	1,620	130	78	-493	-635	893	984	758	641	633
Capital Expenditures (CapEx)	488	618	563	419	321	280	259	259	152	152
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-157	-59	-114	-329	-6.27	1.10	126	26	51	-19
Debt-free Net Working Capital (DFNWC)	49	229	113	58	531	154	304	123	316	217
Net Working Capital (NWC)	-51	109	113	58	531	39	111	38	284	187
Net Nonoperating Expense (NNE)	66	26	51	53	27	36	28	32	53	63
Net Nonoperating Obligations (NNO)	1,620	130	78	-493	-635	893	984	758	641	633
Total Depreciation and Amortization (D&A)	263	225	199	183	157	146	130	112	103	107
Debt-free, Cash-free Net Working Capital to Revenue	-17.82%	-7.09%	-15.51%	-49.62%	-0.89%	0.15%	17.53%	3.81%	7.75%	-3.17%
Debt-free Net Working Capital to Revenue	5.57%	27.60%	15.37%	8.71%	75.21%	20.67%	42.21%	17.76%	47.66%	36.42%
Net Working Capital to Revenue	-5.79%	13.14%	15.37%	8.71%	75.21%	5.25%	15.45%	5.53%	42.80%	31.39%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.05	$2.09	$1.17	$1.11	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	60.46M	59.42M	56.06M	56.00M	0.00	0.00	0.00	0.00	0.00	0.00
Adjusted Diluted Earnings per Share	$2.04	$2.08	$1.17	$1.10	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	60.79M	59.76M	56.50M	56.40M	0.00	0.00	0.00	0.00	0.00	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	60.50M	60.36M	56.10M	56.06M	0.00	0.00	0.00	0.00	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	124	163	158	129	117	129	148	181	151	116
Normalized NOPAT Margin	14.14%	19.65%	21.46%	19.38%	16.52%	17.35%	20.63%	26.06%	22.80%	19.50%
Pre Tax Income Margin	13.12%	16.77%	13.02%	15.62%	23.92%	18.40%	19.07%	24.64%	21.29%	19.10%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.26	1.67	1.66	1.87	2.81	2.43	2.65	3.80	2.83	2.21
NOPAT to Interest Expense	1.47	1.61	1.47	1.56	1.66	1.61	1.95	3.31	2.21	2.58
EBIT Less CapEx to Interest Expense	-2.38	-4.59	-4.76	-3.20	-1.30	-1.05	-0.99	-0.98	0.58	0.11
NOPAT Less CapEx to Interest Expense	-2.17	-4.64	-4.95	-3.52	-2.46	-1.87	-1.70	-1.48	-0.05	0.48
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	27.04%	28.74%	42.45%	44.55%	31.64%	34.33%	36.27%	28.43%	93.20%	25.60%
Augmented Payout Ratio	27.04%	28.74%	65.54%	44.55%	31.64%	34.33%	36.27%	28.43%	93.20%	25.60%

This table displays calculated financial ratios and metrics derived from Ormat Technologies' official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2.50%	-4.39%	1.79%	9.33%	21.02%	17.45%	18.29%	15.21%	0.83%	7.59%	10.73%
EBITDA Growth	8.46%	1.21%	10.62%	27.67%	8.55%	43.04%	5.19%	-6.03%	11.69%	-24.54%	5.76%
EBIT Growth	4.25%	-16.38%	2.30%	51.40%	-0.51%	91.37%	-6.06%	-30.94%	12.94%	-50.45%	9.06%
NOPAT Growth	6.20%	56.61%	-19.79%	38.96%	25.85%	-15.26%	62.30%	4.39%	35.60%	46.20%	-12.06%
Net Income Growth	1.70%	9.76%	-33.11%	-2.23%	20.59%	91.95%	83.25%	64.01%	46.80%	-9.17%	-4.59%
EPS Growth	3.13%	15.52%	-38.98%	-7.50%	25.49%	81.25%	84.38%	100.00%	54.55%	-5.88%	23.08%
Operating Cash Flow Growth	-23.61%	14.00%	167.66%	-58.55%	104.07%	86.20%	-56.30%	120.95%	-30.96%	-34.47%	97.96%
Free Cash Flow Firm Growth	64.85%	-256.69%	57.68%	-8.54%	11.33%	20.93%	-159.67%	-138.74%	-140.36%	-230.88%	578.15%
Invested Capital Growth	7.68%	61.95%	9.08%	18.16%	21.53%	22.40%	24.74%	19.59%	30.63%	39.20%	-26.60%
Revenue Q/Q Growth	-0.42%	8.95%	-0.55%	-5.00%	-7.12%	16.00%	6.81%	5.16%	-9.86%	16.83%	4.03%
EBITDA Q/Q Growth	7.04%	10.04%	5.81%	-12.97%	-0.11%	20.26%	22.12%	-26.01%	31.63%	-11.57%	9.09%
EBIT Q/Q Growth	18.65%	18.78%	8.24%	-31.67%	-4.82%	45.31%	60.19%	-55.10%	83.08%	-28.67%	17.76%
NOPAT Q/Q Growth	-16.72%	79.97%	-8.42%	-22.63%	22.82%	-7.82%	58.64%	-29.93%	-17.30%	76.54%	2.03%
Net Income Q/Q Growth	-3.73%	75.40%	1.40%	-40.61%	3.91%	6.88%	48.23%	-26.75%	65.39%	2.04%	32.66%
EPS Q/Q Growth	-1.49%	86.11%	-2.70%	-42.19%	10.34%	-1.69%	47.50%	-21.57%	59.38%	0.00%	60.00%
Operating Cash Flow Q/Q Growth	-44.51%	49.08%	246.62%	-73.36%	-17.20%	250.04%	-46.32%	31.16%	-24.45%	-17.84%	171.40%
Free Cash Flow Firm Q/Q Growth	90.71%	-685.72%	48.70%	6.13%	5.72%	6.77%	-31.56%	23.32%	15.93%	-170.36%	-14.59%
Invested Capital Q/Q Growth	-33.45%	49.82%	1.91%	5.97%	0.10%	0.92%	10.39%	8.98%	0.82%	2.84%	5.84%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	31.74%	31.88%	27.79%	28.82%	35.16%	32.51%	28.84%	25.41%	41.07%	39.03%	34.74%
EBITDA Margin	53.52%	49.79%	49.30%	46.33%	50.58%	47.03%	45.36%	39.68%	56.39%	38.62%	51.01%
Operating Margin	22.16%	21.27%	16.85%	16.49%	23.46%	21.39%	18.06%	12.44%	28.70%	14.71%	22.11%
EBIT Margin	23.15%	19.43%	17.82%	16.37%	22.76%	22.21%	17.73%	11.82%	27.69%	13.63%	22.33%
Profit (Net Income) Margin	17.86%	18.47%	11.47%	11.25%	18.00%	16.09%	17.46%	12.58%	18.06%	9.85%	11.27%
Tax Burden Percent	109.12%	134.40%	98.26%	122.55%	102.48%	79.50%	122.73%	132.07%	79.53%	156.21%	71.72%
Interest Burden Percent	70.69%	70.74%	65.53%	56.08%	77.16%	91.11%	80.24%	80.58%	82.04%	46.23%	70.38%
Effective Tax Rate	-10.09%	-37.11%	-4.82%	-16.25%	-0.37%	16.76%	-24.10%	-21.32%	21.12%	-67.78%	26.15%
Return on Invested Capital (ROIC)	8.05%	7.59%	5.88%	6.73%	8.68%	6.30%	7.72%	5.40%	8.87%	10.00%	4.85%
ROIC Less NNEP Spread (ROIC-NNEP)	-2.52%	4.77%	-0.53%	-19.04%	28.92%	2.32%	-2.94%	11.88%	11.62%	24.71%	2.79%
Return on Net Nonoperating Assets (RNNOA)	-0.14%	1.67%	-0.04%	-0.51%	-0.74%	0.11%	-0.13%	-0.41%	-1.64%	-2.54%	0.60%
Return on Equity (ROE)	7.91%	9.25%	5.83%	6.22%	7.95%	6.41%	7.59%	4.99%	7.23%	7.46%	5.46%
Cash Return on Invested Capital (CROIC)	0.09%	-41.48%	-2.33%	-9.54%	-12.23%	-13.35%	-15.04%	-11.18%	-19.09%	-25.64%	35.72%
Operating Return on Assets (OROA)	3.61%	3.14%	2.99%	2.76%	3.75%	3.75%	2.95%	1.88%	4.32%	2.22%	3.62%
Return on Assets (ROA)	2.78%	2.99%	1.93%	1.90%	2.97%	2.72%	2.91%	2.01%	2.82%	1.60%	1.83%
Return on Common Equity (ROCE)	7.49%	8.75%	5.51%	5.84%	7.46%	5.98%	7.09%	4.63%	6.71%	6.88%	5.04%
Return on Equity Simple (ROE_SIMPLE)	5.36%	0.00%	5.34%	5.88%	5.95%	0.00%	5.03%	4.35%	4.05%	0.00%	4.32%
Net Operating Profit after Tax (NOPAT)	56	67	37	41	53	43	47	29	42	51	29
NOPAT Margin	24.40%	29.17%	17.66%	19.18%	23.54%	17.81%	22.41%	15.09%	22.64%	24.68%	16.33%
Net Nonoperating Expense Percent (NNEP)	10.57%	2.82%	6.41%	25.76%	-20.24%	3.98%	10.66%	-6.48%	-2.75%	-14.72%	2.06%
Return On Investment Capital (ROIC_SIMPLE)	1.78%	1.49%	-	-	-	1.44%	-	-	-	2.08%	-
Cost of Revenue to Revenue	68.26%	68.12%	72.21%	71.18%	64.84%	67.49%	71.16%	74.59%	58.93%	60.97%	65.26%
SG&A Expenses to Revenue	7.79%	8.49%	10.85%	8.46%	8.72%	7.73%	6.75%	9.15%	9.54%	6.87%	9.13%
R&D to Revenue	1.11%	0.60%	0.86%	0.81%	0.70%	1.02%	0.67%	1.07%	0.70%	0.68%	0.70%
Operating Expenses to Revenue	9.58%	10.61%	10.95%	12.33%	11.70%	11.12%	10.78%	12.97%	12.36%	24.33%	12.63%
Earnings before Interest and Taxes (EBIT)	53	45	38	35	51	54	37	23	51	28	39
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	123	115	104	99	113	114	94	77	104	79	90
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.74	1.69	1.95	1.82	1.69	1.96	1.84	2.11	2.16	2.56	2.58
Price to Tangible Book Value (P/TBV)	2.13	2.08	2.41	2.27	2.12	2.37	2.23	2.58	2.67	3.32	3.36
Price to Revenue (P/Rev)	4.84	4.66	5.22	4.88	4.59	5.48	5.27	6.26	6.40	6.52	6.62
Price to Earnings (P/E)	34.11	33.10	39.21	32.76	29.72	36.53	39.21	53.30	61.59	72.68	71.38
Dividend Yield	0.68%	0.71%	0.62%	0.67%	0.73%	0.64%	0.69%	0.60%	0.57%	0.56%	0.56%
Earnings Yield	2.93%	3.02%	2.55%	3.05%	3.36%	2.74%	2.55%	1.88%	1.62%	1.38%	1.40%
Enterprise Value to Invested Capital (EV/IC)	1.65	1.40	1.81	1.71	1.63	1.86	1.74	2.08	2.19	2.38	2.42
Enterprise Value to Revenue (EV/Rev)	5.20	6.65	5.68	5.29	4.85	5.80	5.62	6.34	6.32	6.85	6.90
Enterprise Value to EBITDA (EV/EBITDA)	10.44	13.56	11.75	11.17	10.57	12.35	12.56	13.76	13.07	14.58	13.40
Enterprise Value to EBIT (EV/EBIT)	26.97	34.73	28.51	26.60	25.60	29.18	32.06	34.08	30.61	34.42	28.44
Enterprise Value to NOPAT (EV/NOPAT)	22.93	29.73	29.69	26.09	24.83	30.17	27.79	34.08	33.14	38.89	40.72
Enterprise Value to Operating Cash Flow (EV/OCF)	12.00	14.24	12.91	14.45	11.45	15.55	18.22	16.29	18.19	17.89	15.50
Enterprise Value to Free Cash Flow (EV/FCFF)	1,905.63	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	5.74
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.22	0.77	0.23	0.21	0.21	0.22	0.19	0.17	0.18	0.21	0.21
Long-Term Debt to Equity	0.18	0.73	0.19	0.17	0.17	0.17	0.18	0.17	0.18	0.21	0.21
Financial Leverage	0.06	0.35	0.08	0.03	-0.03	0.05	0.04	-0.03	-0.14	-0.10	0.22
Leverage Ratio	2.23	2.17	2.15	2.14	2.18	2.19	2.16	2.17	2.16	2.24	2.23
Compound Leverage Factor	1.58	1.53	1.41	1.20	1.68	2.00	1.73	1.75	1.77	1.03	1.57
Debt to Total Capital	18.01%	43.49%	18.39%	17.29%	17.40%	18.13%	15.93%	14.86%	15.22%	17.17%	17.36%
Short-Term Debt to Total Capital	3.16%	2.21%	3.23%	3.30%	3.32%	4.01%	1.22%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	14.86%	41.29%	15.16%	14.00%	14.07%	14.13%	14.71%	14.86%	15.22%	17.17%	17.36%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	4.24%	2.99%	4.40%	4.49%	4.47%	4.55%	4.74%	5.73%	5.85%	6.65%	6.37%
Common Equity to Total Capital	77.75%	53.52%	77.21%	78.22%	78.13%	77.32%	79.33%	79.41%	78.93%	76.18%	76.27%
Debt to EBITDA	1.29	4.57	1.32	1.25	1.31	1.39	1.29	1.20	1.18	1.22	1.13
Net Debt to EBITDA	0.42	3.76	0.62	0.55	0.24	0.33	0.40	-0.28	-0.62	0.23	0.14
Long-Term Debt to EBITDA	1.07	4.34	1.09	1.01	1.06	1.09	1.19	1.20	1.18	1.22	1.13
Debt to NOPAT	2.84	10.01	3.34	2.92	3.09	3.41	2.85	2.98	3.00	3.26	3.45
Net Debt to NOPAT	0.93	8.23	1.56	1.28	0.57	0.81	0.89	-0.71	-1.57	0.61	0.41
Long-Term Debt to NOPAT	2.34	9.50	2.76	2.36	2.50	2.65	2.63	2.98	3.00	3.26	3.45
Altman Z-Score	1.17	1.16	1.28	1.24	1.18	1.40	1.34	1.53	1.52	1.51	1.54
Noncontrolling Interest Sharing Ratio	5.29%	5.42%	5.51%	6.07%	6.13%	6.67%	6.58%	7.23%	7.22%	7.82%	7.60%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.97	0.91	0.95	0.97	1.12	1.20	0.95	1.79	2.07	1.33	1.28
Quick Ratio	0.54	0.52	0.51	0.49	0.71	0.84	0.57	1.25	1.57	0.75	0.79
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-142	-1,532	-195	-380	-405	-429	-461	-350	-457	-543	772
Operating Cash Flow to CapEx	45.70%	124.18%	96.97%	20.90%	111.44%	82.05%	21.83%	46.33%	52.82%	48.18%	62.76%
Free Cash Flow to Firm to Interest Expense	-4.13	-44.37	-5.60	-11.27	-13.07	-16.64	-18.39	-14.35	-19.32	-22.78	34.46
Operating Cash Flow to Interest Expense	2.55	4.59	3.06	0.91	3.72	5.39	1.59	3.04	2.39	3.13	4.06
Operating Cash Flow Less CapEx to Interest Expense	-3.03	0.89	-0.10	-3.44	0.38	-1.18	-5.68	-3.52	-2.13	-3.37	-2.41
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.16	0.16	0.17	0.17	0.16	0.17	0.17	0.16	0.16	0.16	0.16
Accounts Receivable Turnover	4.34	3.76	4.15	4.46	4.50	4.00	4.33	4.38	4.39	4.86	4.57
Inventory Turnover	12.89	14.60	13.28	14.73	12.11	16.66	14.14	14.11	11.76	18.15	15.94
Fixed Asset Turnover	0.44	0.00	0.00	0.00	0.30	0.50	0.29	0.30	0.30	0.27	0.30
Accounts Payable Turnover	3.11	2.70	2.75	3.40	3.25	3.11	2.73	3.10	2.73	3.18	3.17
Days Sales Outstanding (DSO)	84.02	97.11	87.91	81.78	81.17	91.20	84.26	83.34	83.12	75.15	79.86
Days Inventory Outstanding (DIO)	28.32	24.99	27.48	24.78	30.13	21.91	25.81	25.87	31.03	20.11	22.90
Days Payable Outstanding (DPO)	117.55	134.94	132.67	107.51	112.18	117.47	133.87	117.81	133.70	114.76	115.02
Cash Conversion Cycle (CCC)	-5.21	-12.84	-17.29	-0.95	-0.88	-4.37	-23.79	-8.60	-19.55	-19.50	-12.26
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,782	4,181	2,790	2,738	2,584	2,581	2,558	2,317	2,126	2,109	2,051
Invested Capital Turnover	0.33	0.26	0.33	0.35	0.37	0.35	0.34	0.36	0.39	0.41	0.30
Increase / (Decrease) in Invested Capital	198	1,599	232	421	458	472	507	380	499	594	-743
Enterprise Value (EV)	4,603	5,851	5,053	4,692	4,214	4,810	4,463	4,826	4,650	5,027	4,966
Market Capitalization	4,282	4,095	4,651	4,325	3,982	4,544	4,184	4,763	4,708	4,785	4,762
Book Value per Share	$40.68	$40.10	$39.51	$39.24	$38.95	$38.36	$37.82	$37.76	$38.94	$33.32	$33.01
Tangible Book Value per Share	$33.30	$32.61	$31.89	$31.51	$31.09	$31.77	$31.11	$30.87	$31.49	$25.75	$25.35
Total Capital	3,166	4,531	3,094	3,031	3,010	2,995	2,873	2,839	2,768	2,451	2,421
Total Debt	570	1,971	569	524	524	543	458	422	421	421	420
Total Long-Term Debt	470	1,871	469	424	424	423	423	422	421	421	420
Net Debt	187	1,620	266	231	97	130	143	-100	-220	78	50
Capital Expenditures (CapEx)	193	128	110	147	103	170	182	160	107	155	145
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-143	-157	-106	-78	-136	-59	-176	-93	-102	-114	-150
Debt-free Net Working Capital (DFNWC)	82	49	71	86	163	229	11	303	420	113	103
Net Working Capital (NWC)	-18	-51	-29	-14	63	109	-24	303	420	113	103
Net Nonoperating Expense (NNE)	15	25	13	17	12	4.14	10	4.88	8.48	30	8.90
Net Nonoperating Obligations (NNO)	187	1,620	266	231	97	130	143	-100	-220	78	50
Total Depreciation and Amortization (D&A)	70	70	67	64	62	60	57	54	53	51	50
Debt-free, Cash-free Net Working Capital to Revenue	-16.16%	-17.82%	-11.87%	-8.74%	-15.66%	-7.09%	-22.13%	-12.16%	-13.90%	-15.51%	-20.86%
Debt-free Net Working Capital to Revenue	9.22%	5.57%	7.99%	9.73%	18.77%	27.60%	1.34%	39.77%	57.09%	15.37%	14.30%
Net Working Capital to Revenue	-2.08%	-5.79%	-3.24%	-1.55%	7.25%	13.14%	-3.07%	39.77%	57.09%	15.37%	14.30%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.67	$0.67	$0.37	$0.37	$0.64	$0.59	$0.59	$0.40	$0.51	$0.32	$0.32
Adjusted Weighted Average Basic Shares Outstanding	60.56M	60.46M	60.48M	60.45M	60.39M	59.42M	60.30M	60.25M	56.71M	56.06M	56.00M
Adjusted Diluted Earnings per Share	$0.66	$0.67	$0.36	$0.37	$0.64	$0.58	$0.59	$0.40	$0.51	$0.32	$0.32
Adjusted Weighted Average Diluted Shares Outstanding	60.84M	60.79M	60.77M	60.76M	60.54M	59.76M	60.57M	60.63M	57.10M	56.50M	56.46M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	60.66M	60.50M	60.48M	60.45M	60.42M	60.36M	60.35M	60.26M	59.71M	56.10M	56.05M
Normalized Net Operating Profit after Tax (NOPAT)	36	34	25	26	37	43	28	17	42	21	29
Normalized NOPAT Margin	15.67%	14.89%	11.92%	12.31%	16.42%	17.81%	13.42%	8.70%	22.64%	10.30%	16.68%
Pre Tax Income Margin	16.37%	13.75%	11.68%	9.18%	17.56%	20.24%	14.23%	9.53%	22.71%	6.30%	15.72%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.54	1.30	1.08	1.03	1.65	2.08	1.47	0.94	2.17	1.18	1.75
NOPAT to Interest Expense	1.63	1.95	1.07	1.21	1.70	1.67	1.86	1.20	1.77	2.13	1.28
EBIT Less CapEx to Interest Expense	-4.04	-2.40	-2.07	-3.32	-1.69	-4.49	-5.79	-5.61	-2.35	-5.33	-4.72
NOPAT Less CapEx to Interest Expense	-3.96	-1.75	-2.08	-3.14	-1.63	-4.91	-5.41	-5.35	-2.75	-4.38	-5.19
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	26.79%	27.04%	8.22%	28.19%	27.82%	28.74%	54.67%	33.92%	36.90%	42.45%	41.45%
Augmented Payout Ratio	26.79%	27.04%	8.22%	28.19%	27.82%	28.74%	54.67%	33.92%	36.90%	65.54%	63.95%

Frequently Asked Questions About Ormat Technologies' Financials

When does Ormat Technologies's financial year end?

According to the most recent income statement we have on file, Ormat Technologies' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Ormat Technologies' net income changed over the last 9 years?

Ormat Technologies' net income were at $131.24 million at the end of 2024, a 1.4% decrease from 2023, and a 5.7% increase since 2015. See Ormat Technologies' forecast for analyst expectations on what’s next for the company.

What is Ormat Technologies's operating income?

Ormat Technologies's total operating income in 2024 was $172.47 million, based on the following breakdown:

Total Gross Profit: $272.62 million
Total Operating Expenses: $100.15 million

How has Ormat Technologies revenue changed over the last 9 years?

Over the last 9 years, Ormat Technologies' total revenue changed from $594.64 million in 2015 to $879.65 million in 2024, a change of 47.9%.

How much debt does Ormat Technologies have?

Ormat Technologies' total liabilities were at $3.11 billion at the end of 2024, a 12.7% increase from 2023, and a 161.0% increase since 2015.

How much cash does Ormat Technologies have?

In the past 9 years, Ormat Technologies' cash and equivalents has ranged from $47.82 million in 2017 to $448.25 million in 2020, and is currently $94.40 million as of their latest financial filing in 2024.

How has Ormat Technologies' book value per share changed over the last 9 years?

Over the last 9 years, Ormat Technologies' book value per share changed from 20.19 in 2015 to 40.10 in 2024, a change of 98.6%.

Related Companies

This page (NYSE:ORA) was last updated on 6/1/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Ormat Technologies (ORA) Financials

Frequently Asked Questions About Ormat Technologies' Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Ormat Technologies (ORA) Financials

Annual Income Statements for Ormat Technologies

Quarterly Income Statements for Ormat Technologies

Annual Cash Flow Statements for Ormat Technologies

Quarterly Cash Flow Statements for Ormat Technologies

Annual Balance Sheets for Ormat Technologies

Quarterly Balance Sheets for Ormat Technologies

Annual Metrics And Ratios for Ormat Technologies

Quarterly Metrics And Ratios for Ormat Technologies

Frequently Asked Questions About Ormat Technologies' Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools