Ormat Tech Inc (ORA) financials
Ormat Tech revenue and earnings by year
Ormat Tech's revenue was $990 million in the fiscal year to December 31, 2025, up 12.5% from the year before. Net income was $124 million, 12.5% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 4.6% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 990 | 880 | 829 | 734 | 663 | 705 | 746 | 719 | 693 | 663 |
| Revenue growth | 12.5% | 6.1% | 13.0% | 10.7% | -6.0% | -5.5% | 3.7% | 3.8% | 4.6% | — |
| Gross profit | 273 | 273 | 264 | 269 | 264 | 276 | 269 | 270 | 268 | 271 |
| Gross margin | 27.6% | 31.0% | 31.8% | 36.6% | 39.9% | 39.2% | 36.1% | 37.6% | 38.7% | 40.9% |
| Operating income | 169 | 172 | 167 | 153 | 169 | 214 | 194 | 185 | 205 | 202 |
| Operating margin | 17.1% | 19.6% | 20.1% | 20.8% | 25.5% | 30.3% | 26.0% | 25.7% | 29.6% | 30.5% |
| Net income | 124 | 124 | 124 | 66 | 62 | 85 | 88 | 98 | 132 | 89 |
| Net margin | 12.5% | 14.1% | 15.0% | 9.0% | 9.4% | 12.1% | 11.8% | 13.6% | 19.1% | 13.4% |
| Diluted EPS | $2.02 | $2.04 | $2.08 | $1.17 | $1.10 | $1.66 | $1.71 | $1.92 | $2.61 | $1.77 |
| Free cash flow | -285 | -77 | -309 | -283 | -160 | -56 | -43 | -113 | -14 | 7 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open ORA in Markets.
How Ormat Tech makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Electricity | $169M | 65.4% |
| Product | $46.7M | 18.1% |
| Energy Storage | $42.8M | 16.5% |
See also: ORA valuation and P/E history · ORA returns
No forecast, no recommendation. This page describes Ormat Tech Inc from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.