Saturday 17 October 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. In the quarter to June 2026, revenue grew 10.6%, EPS fell 4.35%, free cash flow fell 376.0% and total debt rose 32.3%, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for three.

89.31 0.23 −0.26%

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Market cap: $5.5B
P/E: 42.9×
Fwd P/E: 78.5×
Dividend yield: 0.54%
F-score: 4/9
Altman Z: 1.55
Beneish M: −2.57
Dividend safety: 41/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 11.96

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	6	—	—	—	3	—	8	—	1	—	—	—

Insider Ownership 0.69%

Capital & Financial Ratios $m

Market Cap 5,510.00

Revenue 1,188.44

Net Income 128.38

Free Cash Flow (264.77)

Net Debt 2,495.73

Current Ratio 1.05

Debt/Equity 1.15

P/E ratio 42.94

Fwd P/E 78.50

P/S ratio 4.62

P/B ratio 2.01

Past 5Y EPS Growth 4.13%

This Y EPS Growth 15.01%

Next Y EPS Growth (5.47%)

Next Y revenue growth 19.25%

Next 5Y EPS Growth 11.58%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 58.90%

10-year low 10-year high

P/S against its own 10 years 37.82%

10-year low 10-year high

P/B against its own 10 years 38.19%

10-year low 10-year high

EV/Sales against its own 10 years 47.11%

10-year low 10-year high

Dividends

Payout Ratio 0.24

Annual Dividend Rate 0.48

Annual Dividend Yield 0.54%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.48	0.12 0.12 0.12
2025	0.48	0.12 0.12 0.12 0.12
2024	0.48	0.12 0.12 0.12 0.12
2023	0.48	0.12 0.12 0.12 0.12
2022	0.48	0.12 0.12 0.12 0.12
2021	0.48	0.12 0.12 0.12 0.12
2020	0.44	0.11 0.11 0.11 0.11
2019	0.44	0.11 0.11 0.11 0.11
2018	0.53	0.23 0.10 0.10 0.10
2017	0.58	0.17 0.17 0.08 0.08 0.08
2016	0.52	0.31 0.07 0.07 0.07

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	288	206	281	658
Receivables	253	215	201	212
Inventory	45	38	45	47
Other	18	29	30	47
	646	547	598	1,021

	2023	2024	2025	Q'26
Payables	215	234	235	182
ST’ Debt	274	332	394	764
Other	24	27	23	22
	537	598	738	976

Compound Annual Growth %

	10y	5y	3y
Sales	5.22%	7.01%	10.46%
Cash Flow	5.84%	4.81%	6.05%
Earnings	0.29%	7.71%	23.46%
Book Value	9.48%	6.67%	9.88%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	404	259	—	—	—
’25	230	234	250	276	990
’24	224	213	212	231	880
’23	185	195	208	241	829
’22	184	169	176	205	734
’21	166	147	159	191	663
’20	192	175	159	179	705

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	79	51	—	—	—
’25	88	97	45	105	335
’24	115	31	106	159	411
’23	56	74	40	139	309
’22	82	34	91	75	281
’21	69	30	46	114	259
’20	80	75	85	26	265

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	58	(181)	—	—	—
’25	(105)	(38)	(102)	(40)	(285)
’24	12	(116)	(3)	31	(77)
’23	(50)	(86)	(142)	(30)	(309)
’22	(55)	(93)	(54)	(80)	(283)
’21	(19)	(90)	(35)	(17)	(160)
’20	(1)	4	4	(63)	(56)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.71	0.43	—	—	—
’25	0.66	0.46	0.39	0.50	2.02
’24	0.64	0.37	0.36	0.67	2.04
’23	0.51	0.40	0.59	0.59	2.08
’22	0.33	0.20	0.32	0.32	1.17
’21	0.27	0.23	0.26	0.34	1.10
’20	0.51	0.45	0.31	0.39	1.65

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	32.25	51.44	45.79	50.41	53.44	63.71	60.32	58.73	59.41	61.58	Analyst estimates 2026–2028 Powerpack
	High	53.89	66.46	70.68	79.18	91.99	128.87	101.81	94.49	84.30	116.66
People
People	Employees	1,180	1,303	1,346	1,408	1,402	1,385	1,480	1,576	1,512	1,648
	Revenue/emp, $m	0.56	0.53	0.53	0.53	0.50	0.48	0.50	0.53	0.58	0.60
Income, $m
Income, $m	Revenue	663	693	719	746	705	663	734	829	880	990
	Gross margin, %	40.87	38.75	37.60	36.10	39.17	39.86	36.62	31.83	30.99	27.56
	EBT	141	171	137	137	169	104	96	139	115	106
	EBT margin, %	21.29	24.64	19.07	18.40	23.92	15.62	13.02	16.77	13.12	10.69
	Net income	96	147	110	94	102	76	78	133	131	127
	Depreciation	103	112	130	146	157	183	199	225	263	292
Per share, $
Per share, $	Revenue	13.39	13.83	14.20	14.67	13.68	11.84	13.10	13.96	14.55	16.30
	Earnings	1.90	3.10	1.93	1.73	1.66	1.11	1.17	2.09	2.05	2.04
	Cash flow	3.22	4.90	2.88	4.65	5.14	4.62	5.01	5.21	6.80	5.52
	Capex	(3.07)	(5.19)	(5.10)	(5.50)	(6.22)	(7.49)	(10.05)	(10.41)	(8.07)	(10.21)
	Free cash flow	0.15	(0.29)	(2.23)	(0.85)	(1.08)	(2.86)	(5.04)	(5.20)	(1.27)	(4.69)
	Book value	23.62	25.86	28.54	29.79	37.65	35.68	36.05	41.08	42.20	44.16
	Shares, m	49	50	51	51	52	56	56	59	60	61
Valuation, ×
Valuation, ×	P/E	27.86	20.94	25.80	42.83	54.39	71.44	72.68	36.57	33.03	53.89
	P/S	3.95	4.68	3.68	5.08	6.60	6.70	6.49	5.48	4.65	6.78
	P/B	2.24	2.50	1.83	2.50	2.40	2.22	2.36	1.86	1.60	2.50
	EV/Sales	4.97	5.86	5.20	6.55	7.92	8.62	8.62	7.35	6.93	9.04
	EV/FCF	447.69	(241.45)	(32.27)	(104.76)	(94.82)	(34.93)	(22.15)	(19.54)	(76.23)	(31.09)
Cash, $m
Cash, $m	Operating cash flow	159	246	146	236	265	259	281	309	411	335
	Capex	(152)	(260)	(259)	(280)	(321)	(419)	(563)	(618)	(488)	(620)
	Free cash flow	7	(15)	(113)	(43)	(56)	(160)	(283)	(309)	(77)	(285)
Balance, $m
Balance, $m	Working capital	284	38	111	39	531	58	113	109	(51)	(141)
	Total debt	939	914	1,268	1,249	1,465	1,660	1,787	1,845	2,204	2,524
	Net debt	674	817	1,090	1,096	928	1,273	1,560	1,557	1,998	2,243
	Shareholders’ equity	1,168	1,296	1,445	1,515	1,941	1,998	2,021	2,441	2,551	2,681
Returns, %
Returns, %	ROA	3.75	5.21	3.41	2.77	2.39	1.49	1.46	2.53	2.28	2.08
	ROIC	6.85	6.07	4.56	4.64	4.66	3.24	2.67	2.60	2.37	2.15
	ROE	7.88	10.75	7.15	5.95	4.94	3.15	3.28	5.58	4.96	4.74

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
AXIAY AXIA Energia	$23.4B	13.2×	12.1×	+23.00% (above 0%: growing)	n/m	+98.52% (above 0%: growing)	88.38%	38.51%	Compare
ENLT Enlight Renewable Energy Ltd.	$9.8B	102×	—	+42.95% (above 0%: growing)	−72.00% (below 0%: shrinking)	−87.75% (below 0%: shrinking)	42.23%	54.78%	Compare
BEP Brookfield Renewable Partners L.P.	$8.6B	— (loss-making)	— (loss-making)	+11.52% (above 0%: growing)	n/m	+250.13% (above 0%: growing)	59.97%	27.51%	Compare
CWEN Clearway Energy, Inc.	$6.2B	749×	— (loss-making)	+18.79% (above 0%: growing)	n/m	+735.90% (above 0%: growing)	62.15%	5.65%	Compare
ORA Ormat Technologies, Inc.	$5.5B	42.9×	78.5×	+10.57% (above 0%: growing)	−4.35% (below 0%: shrinking)	−376.02% (below 0%: shrinking)	26.55%	13.22%
BEPC Brookfield Renewable Corporation	$5.4B	— (loss-making)	— (loss-making)	+19.78% (above 0%: growing)	n/m	+116.56% (above 0%: growing)	61.84%	32.69%	Compare
EBR.B Eletrobras	$2.6B	14.7×	—	+23.00% (above 0%: growing)	+118.50% (above 0%: growing)	+98.52% (above 0%: growing)	88.38%	38.51%	Compare
RNW ReNew Energy Global PLC	$2.5B	21.9×	27.8×	+5.42% (above 0%: growing)	+6.25% (above 0%: growing)	−179.75% (below 0%: shrinking)	83.20%	50.00%	Compare
XIFR XPLR Infrastructure, LP	$1.9B	15.3×	— (loss-making)	+6.14% (above 0%: growing)	−52.38% (below 0%: shrinking)	−105.30% (below 0%: shrinking)	100.00%	16.53%	Compare
Median of peers	$5.8B	18.6×	—	+19.29%	−23.07%	+98.52%	72.68%	35.60%

All 24 Utilities Renewable stocks →

Ormat Technologies, Inc. (ORA) key facts

Strength: Ormat Technologies, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $989.5 million, up 12.5% from fiscal 2024.
Ormat Technologies, Inc. (ORA) is an Utilities Renewable company in the Utilities sector, listed on the New York Stock Exchange.
As of October 16, 2026, ORA traded at $89.31, a market capitalization of $5.5 billion.
Ormat Technologies, Inc. pays an annual dividend of $0.48 per share, a yield of 0.54%, with a payout ratio of 23.7%.
Return on equity was 4.74% and debt-to-equity 1.15.
Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 1.55 (distress zone) for fiscal 2025.