InsiderClue
Stocks · Utilities · Electric Services

ORMAT TECHNOLOGIES, INC.

ORA Clue Score38
United States Fiscal year ends December CIK 0001296445
$88.92 +0.32% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $88.92 +30.08% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 11 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue662.6Operating income201.9Net income88.7EPS, diluted1.77Fiscal year 2017Revenue692.8 +4.6%Operating income205.0Net income132.4 +49.3%EPS, diluted2.61 +47.5%Fiscal year 2018Revenue719.3 +3.8%Operating income185.1Net income98.0 −26.0%EPS, diluted1.92 −26.4%Fiscal year 2019Revenue746.0 +3.7%Operating income193.8Net income88.1 −10.1%EPS, diluted1.72 −10.4%Fiscal year 2020Revenue705.3 −5.5%Operating income214.0Net income85.5 −3.0%EPS, diluted1.65 −4.1%Fiscal year 2021Revenue663.1 −6.0%Operating income169.4Net income62.1 −27.3%EPS, diluted1.10 −33.3%Fiscal year 2022Revenue734.2 +10.7%Operating income152.8Net income65.8 +6.0%EPS, diluted1.17 +6.4%Fiscal year 2023Revenue829.4 +13.0%Operating income166.6Net income124.4 +88.9%EPS, diluted2.08 +77.8%Fiscal year 2024Revenue879.7 +6.1%Operating income172.5Net income123.7 −0.5%EPS, diluted2.04 −1.9%Fiscal year 2025Revenue989.5 +12.5%Operating income169.2Net income123.9 +0.1%EPS, diluted2.02 −1.0%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 662.6 692.8 719.3 746.0 705.3 663.1 734.2 829.4 879.7 989.5
Growth +4.6% +3.8% +3.7% −5.5% −6.0% +10.7% +13.0% +6.1% +12.5%
Operating income 201.9 205.0 185.1 193.8 214.0 169.4 152.8 166.6 172.5 169.2
Net income 88.7 132.4 98.0 88.1 85.5 62.1 65.8 124.4 123.7 123.9
Growth +49.3% −26.0% −10.1% −3.0% −27.3% +6.0% +88.9% −0.5% +0.1%
EPS, diluted 1.77 2.61 1.92 1.72 1.65 1.10 1.17 2.08 2.04 2.02
Growth +47.5% −26.4% −10.4% −4.1% −33.3% +6.4% +77.8% −1.9% −1.0%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin40.9%Operating margin30.5%Net margin13.4%Free cash flow margin1.1%Fiscal year 2017Gross margin38.7%Operating margin29.6%Net margin19.1%Free cash flow margin−2.0%Fiscal year 2018Gross margin37.6%Operating margin25.7%Net margin13.6%Free cash flow margin−15.7%Fiscal year 2019Gross margin36.1%Operating margin26.0%Net margin11.8%Free cash flow margin−5.8%Fiscal year 2020Gross margin39.2%Operating margin30.3%Net margin12.1%Free cash flow margin−7.9%Fiscal year 2021Gross margin39.9%Operating margin25.5%Net margin9.4%Free cash flow margin−24.2%Fiscal year 2022Gross margin36.6%Operating margin20.8%Net margin9.0%Free cash flow margin−38.5%Fiscal year 2023Gross margin31.8%Operating margin20.1%Net margin15.0%Free cash flow margin−37.3%Fiscal year 2024Gross margin31.0%Operating margin19.6%Net margin14.1%Free cash flow margin−8.7%Fiscal year 2025Gross margin27.6%Operating margin17.1%Net margin12.5%Free cash flow margin−28.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 40.9% 38.7% 37.6% 36.1% 39.2% 39.9% 36.6% 31.8% 31.0% 27.6%
Operating margin 30.5% 29.6% 25.7% 26.0% 30.3% 25.5% 20.8% 20.1% 19.6% 17.1%
Net margin 13.4% 19.1% 13.6% 11.8% 12.1% 9.4% 9.0% 15.0% 14.1% 12.5%
Free cash flow margin 1.1% −2.0% −15.7% −5.8% −7.9% −24.2% −38.5% −37.3% −8.7% −28.8%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow159.3Capital expenditure−151.9Free cash flow7.4Dividends paid−25.7Fiscal year 2017Operating cash flow245.6Capital expenditure−259.2Free cash flow−13.7 −285.7%Dividends paid−20.5Fiscal year 2018Operating cash flow145.8Capital expenditure−258.5Free cash flow−112.7Dividends paid−26.8Fiscal year 2019Operating cash flow236.5Capital expenditure−280.0Free cash flow−43.5Dividends paid−22.4Fiscal year 2020Operating cash flow265.0Capital expenditure−320.7Free cash flow−55.7Buybacks0.0Dividends paid−22.5Fiscal year 2021Operating cash flow258.8Capital expenditure−419.3Free cash flow−160.5Buybacks0.0Dividends paid−27.0Fiscal year 2022Operating cash flow281.0Capital expenditure−563.5Free cash flow−282.5Buybacks−18.0Dividends paid−27.1Fiscal year 2023Operating cash flow309.4Capital expenditure−618.4Free cash flow−309.0Buybacks0.0Dividends paid−28.4Fiscal year 2024Operating cash flow410.9Capital expenditure−487.7Free cash flow−76.8Buybacks0.0Dividends paid−29.1Fiscal year 2025Operating cash flow335.1Capital expenditure−619.8Free cash flow−284.7Dividends paid−29.1
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 159.3 245.6 145.8 236.5 265.0 258.8 281.0 309.4 410.9 335.1
Capital expenditure −151.9 −259.2 −258.5 −280.0 −320.7 −419.3 −563.5 −618.4 −487.7 −619.8
Free cash flow 7.4 −13.7 −112.7 −43.5 −55.7 −160.5 −282.5 −309.0 −76.8 −284.7
Growth −285.7%
Buybacks n/a n/a n/a n/a 0.0 0.0 −18.0 0.0 0.0 n/a
Dividends paid −25.7 −20.5 −26.8 −22.4 −22.5 −27.0 −27.1 −28.4 −29.1 −29.1

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash230.2Total debt956.5Net cash (debt)−726.3Shareholders’ equity1,076.7Debt to equity0.89Fiscal year 2017Cash47.8Total debt877.1Net cash (debt)−829.2Shareholders’ equity1,211.4Debt to equity0.72Fiscal year 2018Cash98.8Total debt1,129.0Net cash (debt)−1,030.2Shareholders’ equity1,319.8Debt to equity0.86Fiscal year 2019Cash71.2Total debt1,167.9Net cash (debt)−1,096.7Shareholders’ equity1,392.4Debt to equity0.84Fiscal year 2020Cash448.3Total debt1,474.2Net cash (debt)−1,025.9Shareholders’ equity1,806.0Debt to equity0.82Fiscal year 2021Cash239.3Total debt1,925.5Net cash (debt)−1,686.3Shareholders’ equity1,855.0Debt to equity1.04Fiscal year 2022Cash95.9Total debt2,052.6Net cash (debt)−1,956.7Shareholders’ equity1,867.6Debt to equity1.10Fiscal year 2023Cash195.8Total debt1,989.6Net cash (debt)−1,793.7Shareholders’ equity2,315.4Debt to equity0.86Fiscal year 2024Cash94.4Total debt2,344.7Net cash (debt)−2,250.4Shareholders’ equity2,425.1Debt to equity0.97Fiscal year 2025Cash147.4Total debt2,660.6Net cash (debt)−2,513.1Shareholders’ equity2,543.9Debt to equity1.05
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 230.2 47.8 98.8 71.2 448.3 239.3 95.9 195.8 94.4 147.4
Total debt 956.5 877.1 1,129.0 1,167.9 1,474.2 1,925.5 2,052.6 1,989.6 2,344.7 2,660.6
Net cash (debt) −726.3 −829.2 −1,030.2 −1,096.7 −1,025.9 −1,686.3 −1,956.7 −1,793.7 −2,250.4 −2,513.1
Shareholders’ equity 1,076.7 1,211.4 1,319.8 1,392.4 1,806.0 1,855.0 1,867.6 2,315.4 2,425.1 2,543.9
Debt to equity 0.89 0.72 0.86 0.84 0.82 1.04 1.10 0.86 0.97 1.05

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
662.6 692.8 719.3 746.0 705.3 663.1 734.2 829.4 879.7 989.5
Growth +4.6% +3.8% +3.7% −5.5% −6.0% +10.7% +13.0% +6.1% +12.5%
391.8 424.4 448.8 476.7 429.1 398.7 465.3 565.4 607.0 716.9
270.8 268.5 270.4 269.3 276.3 264.3 268.8 264.0 272.6 272.7
Growth −0.9% +0.7% −0.4% +2.6% −4.3% +1.7% −1.8% +3.3% +0.0%
2.8 3.2 4.2 4.6 5.4 4.1 5.1 7.2 6.5 6.3
46.7 42.9 47.8 55.8 60.2 75.9 61.3 68.2 80.1 79.6
201.9 205.0 185.1 193.8 214.0 169.4 152.8 166.6 172.5 169.2
Growth +1.6% −9.7% +4.7% +10.4% −20.9% −9.8% +9.0% +3.5% −1.9%
141.1 170.7 137.2 137.3 168.7 103.6 95.6 139.1 115.4 105.7
37.1 21.7 34.7 45.6 67.0 24.9 14.7 6.0 −16.3 −20.3
88.7 132.4 98.0 88.1 85.5 62.1 65.8 124.4 123.7 123.9
Growth +49.3% −26.0% −10.1% −3.0% −27.3% +6.0% +88.9% −0.5% +0.1%
Per share
1.79 2.64 1.93 1.73 1.66 1.11 1.17 2.09 2.05 2.04
1.77 2.61 1.92 1.72 1.65 1.10 1.17 2.08 2.04 2.02
Growth +47.5% −26.4% −10.4% −4.1% −33.3% +6.4% +77.8% −1.9% −1.0%
49.5 50.1 50.6 50.9 51.6 56.0 56.1 59.4 60.5 60.7
50.1 50.8 51.0 51.2 51.9 56.4 56.5 59.8 60.8 61.4
Growth +1.3% +0.4% +0.5% +1.4% +8.6% +0.2% +5.8% +1.7% +0.9%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 7.0% a year over five years, and earnings per share grew 4.1% a year.
  • The diluted share count rose 18.1% in five years, which is dilution.
  • Operating margin is down 13.2 points on five years ago, at 17.1%.
  • Profitable in every one of the 10 years on file.