Friday 6 November 2026 Export ORA’s income statement to Excel — free account

Ormat Technologies, Inc.

Ormat Technologies, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $989.5 million, up 12.5% from fiscal 2024.

Revenue: +10.2%
EPS: +30.0%
Free cash flow: +197.7%
Total debt: +32.3%

Quarter to September 2026, against a year earlier

93.25 1.03 −1.09%

Follow ORA

Alert me

Market cap: $5.7B
P/E: 42.4×
Fwd P/E: 42.6×
Dividend yield: 0.51%
F-score: 4/9
Altman Z: 1.55
Beneish M: −2.57
Dividend safety: 41/100

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Ormat Technologies, Inc. (ORA) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by products and services, and margins
Electricity	694	70.12%
Product	217	21.90%
Energy Storage	79	7.98%
Gross margin		27.56%
Operating margin		17.10%
Pre-tax margin		10.69%

Revenue by product or service $m

Line	FY2025	FY2024	FY2023	FY2022	FY2017	FY2016	FY2015
Electricity	694 70.12%	702 79.83%	667 80.39%	632 86.05%	466 67.20%	436 65.85%	376 63.22%
Product	217 21.90%	140 15.88%	134 16.13%	71 9.73%	224 32.40%	226 34.15%	219 36.78%
Energy Storage	79 7.98%	38 4.29%	29 3.48%	31 4.22%	3 0.39%	—	—
Energy Storage and Management Services	—	—	—	—	3 0.39%	—	—
Revenue	990	880	829	734	693	663	595

Operating income by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2017	FY2016	FY2015
Electricity	‡	‡	‡	‡	‡	‡	‡
Energy Storage	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡

Revenue by region $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
United States	590 59.65%	557 63.36%	510 61.47%	484 65.93%	440 66.37%	363 51.47%	378 50.66%	329 45.69%	301 43.47%	307 46.34%	287 48.18%	294 52.49%	315 59.01%	272 54.18%	254 59.76%	242 64.77%	248 60.28%
New Zealand	129 13.02%	79 8.94%	67 8.02%	17 2.33%	7 1.02%	35 4.96%	31 4.19%	10 1.45%	33 4.82%	—	—	—	19 3.60%	—	—	—	—
Kenya	117 11.87%	114 12.97%	109 13.17%	106 14.42%	103 15.51%	115 16.37%	122 16.31%	119 16.56%	110 15.91%	109 16.49%	87 14.55%	86 15.38%	62 11.60%	41 8.15%	36 8.53%	35 9.44%	35 8.46%
Dominica	49 4.94%	0 0.00%	0 0.00%	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Other foreign countries	41 4.12%	60 6.79%	53 6.38%	46 6.31%	33 5.04%	31 4.44%	38 5.05%	25 3.44%	47 6.77%	11 1.67%	9 1.46%	27 4.79%	31 5.87%	—	—	—	—
Honduras	29 2.90%	30 3.44%	32 3.81%	34 4.61%	35 5.31%	35 4.99%	34 4.62%	34 4.78%	10 1.47%	—	—	—	—	—	—	—	—
Guatemala	28 2.83%	29 3.29%	30 3.64%	29 3.93%	27 4.05%	27 3.88%	29 3.84%	28 3.89%	28 4.04%	30 4.54%	28 4.69%	28 5.08%	22 4.08%	—	—	—	—
Turkey	5 0.52%	3 0.34%	2 0.30%	2 0.27%	3 0.41%	66 9.29%	89 11.92%	169 23.45%	125 18.07%	46 6.98%	57 9.65%	86 15.43%	84 15.84%	50 9.94%	62 14.57%	30 7.92%	16 3.97%
Indonesia	1 0.15%	8 0.87%	27 3.22%	16 2.13%	8 1.21%	0 0.00%	0 0.00%	4 0.61%	29 4.18%	101 15.22%	93 15.67%	38 6.82%	—	—	—	—	—
Chile	—	—	—	1 0.08%	7 1.06%	32 4.60%	26 3.42%	1 0.14%	9 1.28%	58 8.76%	34 5.80%	—	—	—	—	—	—
Pacific Rim	—	—	—	—	—	—	—	—	—	—	—	—	—	109 21.76%	32 7.56%	7 1.84%	29 7.02%
Latin America	—	—	—	—	—	—	—	—	—	—	—	—	—	28 5.57%	27 6.43%	58 15.50%	80 19.34%
Far East	—	—	—	—	—	—	—	—	—	—	—	—	—	2 0.41%	13 3.14%	2 0.53%	4 0.93%
Non-US	399	322	320	250	223	342	368	391	—	—	—	—	—	—	—	—	—
Revenue	990	880	829	734	663	705	746	719	693	663	595	560	533	502	425	373	412

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.