Morningstar ID: 0P00000448
Exchange: NYSE
Sector: Utilities
Industry: Utilities - Renewable
Stock Style: Small Core
description: Ormat Technologies Inc is engaged in the geothermal and recovered energy power business. It is engaged in three business segments: Electricity Segment. where the company develops, builds, owns and operates geothermal, solar PV and recovered energy-based power plants in the United States and geothermal power plants in other countries and sell the electricity generated. Product Segment includes designing, manufacturing and selling equipment for geothermal and recovered energy-based electricity generation and providing services relating to the engineering, procurement and construction of geothermal and recovered energy-based power plants. Energy Storage Segment includes owning and operating grid-connected which provide capacity, energy and ancillary services directly to the electric grid.
(Generated: 2025-06-23 23:59:02)
| Income Statement As of Originally Reported | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 594,640,000.0 | 662,590,000.0 | 692,810,000.0 | 719,270,000.0 | 746,040,000.0 | 705,340,000.0 | 663,080,000.0 | 734,160,000.0 | 829,420,000.0 | 879,650,000.0 | 885250000 |
| Revenue Growth % | 6.28 | 11.43 | 4.56 | 3.82 | 3.72 | -5.46 | -5.99 | 10.72 | 12.98 | 6.06 | 1.95 |
| Gross Profit | 218,280,000.0 | 270,800,000.0 | 268,450,000.0 | 270,440,000.0 | 269,320,000.0 | 276,280,000.0 | 264,340,000.0 | 268,820,000.0 | 264,020,000.0 | 272,620,000.0 | 266740000 |
| Gross Profit Margin % | 36.71 | 40.87 | 38.75 | 37.6 | 36.1 | 39.17 | 39.86 | 36.62 | 31.83 | 30.99 | 30.13 |
| Operating Income | 165,640,000.0 | 204,900,000.0 | 206,810,000.0 | 198,700,000.0 | 193,800,000.0 | 193,270,000.0 | 169,110,000.0 | 186,280,000.0 | 170,320,000.0 | 177,680,000.0 | 176530000 |
| Operating Margin % | 27.86 | 30.92 | 29.85 | 27.63 | 25.98 | 27.4 | 25.5 | 25.37 | 20.53 | 20.2 | 19.94 |
| EBIT | 185,880,000.0 | 207,510,000.0 | 223,880,000.0 | 207,130,000.0 | 216,170,000.0 | 244,950,000.0 | 184,090,000.0 | 179,940,000.0 | 225,980,000.0 | 241,530,000.0 | 243790000 |
| EBIT Margin % | 31.26 | 31.32 | 32.32 | 28.8 | 28.98 | 34.73 | 27.76 | 24.51 | 27.25 | 27.46 | 27.54 |
| EBITDA | 293,090,000.0 | 313,480,000.0 | 339,030,000.0 | 339,360,000.0 | 364,930,000.0 | 401,570,000.0 | 367,060,000.0 | 378,730,000.0 | 450,780,000.0 | 504,390,000.0 | 514080000 |
| EBITDA Margin % | 49.29 | 47.31 | 48.94 | 47.18 | 48.92 | 56.93 | 55.36 | 51.59 | 54.35 | 57.34 | 58.07 |
| Net Income | 119,570,000.0 | 93,930,000.0 | 155,490,000.0 | 97,970,000.0 | 88,100,000.0 | 85,460,000.0 | 62,090,000.0 | 65,840,000.0 | 124,400,000.0 | 123,730,000.0 | 125510000 |
| Net Profit Margin % | 20.74 | 15.32 | 24.56 | 15.31 | 12.54 | 14.43 | 11.47 | 10.6 | 16.05 | 14.92 | 14.90 |
| Basic EPS | 2.46 | 1.9 | 3.1 | 1.93 | 1.73 | 1.66 | 1.11 | 1.17 | 2.09 | 2.05 | 2.08 |
| Diluted EPS | 2.43 | 1.87 | 3.06 | 1.92 | 1.72 | 1.65 | 1.1 | 1.17 | 2.08 | 2.04 | 2.06 |
| Normalized EPS | 1.52 | 2.24 | 2.35 | 1.53 | 1.46 | 1.7 | 1.4 | 1.64 | 2.06 | 2.21 | 2.22 |
| Dividend Per Share | 0.26 | 0.52 | 0.41 | 0.53 | 0.44 | 0.44 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 |
| Balance Sheet As of Originally Reported | 2,015.0 | 2,016.0 | 2,017.0 | 2,018.0 | 2,019.0 | 2,020.0 | 2,021.0 | 2,022.0 | 2,023.0 | 2,024.0 | Last Quarter |
| Total Assets | 2,290,000,000.0 | 2,460,000,000.0 | 2,590,000,000.0 | 3,120,000,000.0 | 3,250,000,000.0 | 3,890,000,000.0 | 4,430,000,000.0 | 4,610,000,000.0 | 5,210,000,000.0 | 5,670,000,000.0 | 5840000000 |
| Total Liabilities | 1,210,000,000.0 | 1,290,000,000.0 | 1,270,000,000.0 | 1,680,000,000.0 | 1,740,000,000.0 | 1,950,000,000.0 | 2,420,000,000.0 | 2,580,000,000.0 | 2,760,000,000.0 | 3,110,000,000.0 | 3240000000 |
| Total Debt | 920,000,000.0 | 940,000,000.0 | 910,000,000.0 | 1,270,000,000.0 | 1,270,000,000.0 | 1,480,000,000.0 | 1,930,000,000.0 | 2,050,000,000.0 | 2,120,000,000.0 | 2,450,000,000.0 | 2590000000 |
| Total Equity | 1,080,000,000.0 | 1,170,000,000.0 | 1,320,000,000.0 | 1,450,000,000.0 | 1,520,000,000.0 | 1,940,000,000.0 | 2,010,000,000.0 | 2,030,000,000.0 | 2,450,000,000.0 | 2,560,000,000.0 | 2600000000 |
| Cash And Cash Equivalents | 190,000,000.0 | 230,000,000.0 | 50,000,000.0 | 100,000,000.0 | 70,000,000.0 | 450,000,000.0 | 240,000,000.0 | 100,000,000.0 | 200,000,000.0 | 90,000,000.0 | 110000000 |
| Working Capital | 190,000,000.0 | 280,000,000.0 | 40,000,000.0 | 110,000,000.0 | 40,000,000.0 | 530,000,000.0 | 60,000,000.0 | 110,000,000.0 | 110,000,000.0 | -50,000,000.0 | -20000000 |
| Shares Outstanding Capital | 50,000,000.0 | 50,000,000.0 | 50,000,000.0 | 50,000,000.0 | 50,000,000.0 | 60,000,000.0 | 60,000,000.0 | 60,000,000.0 | 60,000,000.0 | 60,000,000.0 | 60000000 |
| Book Value per Share | 20.16 | 21.71 | 24.43 | 26.03 | 27.29 | 32.26 | 33.09 | 33.29 | 38.36 | 40.08 | 40.57 |
| Debt to Equity | 0.85 | 0.8 | 0.69 | 0.88 | 0.84 | 0.76 | 0.96 | 1.01 | 0.86 | 0.96 | 1.00 |
| Cash Flow As of Originally Reported | 2,015.0 | 2,016.0 | 2,017.0 | 2,018.0 | 2,019.0 | 2,020.0 | 2,021.0 | 2,022.0 | 2,023.0 | 2,024.0 | TTM |
| Cash From Operating Activities | 190,030,000.0 | 159,290,000.0 | 245,580,000.0 | 145,820,000.0 | 236,490,000.0 | 265,010,000.0 | 258,820,000.0 | 280,970,000.0 | 309,400,000.0 | 410,920,000.0 | 383720000 |
| Cash From Investing Activities | -90,970,000.0 | -158,530,000.0 | -368,120,000.0 | -342,430,000.0 | -254,540,000.0 | -385,970,000.0 | -638,190,000.0 | -523,410,000.0 | -628,340,000.0 | -780,250,000.0 | -610370000 |
| Cash From Financing Activities | 46,640,000.0 | 43,540,000.0 | -59,850,000.0 | 251,130,000.0 | -5,770,000.0 | 503,480,000.0 | 186,390,000.0 | 126,270,000.0 | 379,960,000.0 | 287,920,000.0 | 152830000 |
| Capital Expenditure | 152,950,000.0 | 151,930,000.0 | 260,100,000.0 | 258,520,000.0 | 279,990,000.0 | 320,740,000.0 | 419,270,000.0 | 563,480,000.0 | 618,380,000.0 | 487,680,000.0 | 576890000 |
| Free Cash Flow | 37,450,000.0 | 76,080,000.0 | -38,820,000.0 | 11,840,000.0 | -11,550,000.0 | -70,760,000.0 | -156,080,000.0 | -260,520,000.0 | -264,490,000.0 | -75,270,000.0 | -155380000 |
| Change in Cash | 145,690,000.0 | 44,300,000.0 | -182,400,000.0 | 54,520,000.0 | -23,810,000.0 | 382,510,000.0 | -192,990,000.0 | -116,160,000.0 | 61,020,000.0 | -81,420,000.0 | -73820000 |
| Unnamed: 0 | 2015-12 | 2016-12 | 2017-12 | 2018-12 | 2019-12 | 2020-12 | 2021-12 | 2022-12 | 2023-12 | 2024-12 | Latest Qtr |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue % | |||||||||||
| Year Over Year | 6.28 | 11.43 | 4.56 | 3.82 | 3.72 | -5.46 | -5.99 | 10.72 | 12.98 | 6.06 | 2.50 |
| 3-Year Average | 4.95 | 7.51 | 7.38 | 6.55 | 4.03 | 0.6 | -2.67 | -0.53 | 5.55 | 9.88 | - |
| 5-Year Average | 9.76 | 8.68 | 6.14 | 6.17 | 5.92 | 3.47 | 0.01 | 1.17 | 2.89 | 3.35 | - |
| 10-Year Average | 9.59 | 9.44 | 8.88 | 7.63 | 6.03 | 6.57 | 4.26 | 3.62 | 4.52 | 4.63 | - |
| Operating Income % | |||||||||||
| Year Over Year | 4.22 | 23.70 | 0.93 | -3.92 | -2.47 | -0.27 | -12.50 | 10.15 | -8.57 | 4.32 | -2.19 |
| 3-Year Average | 25.43 | 26.57 | 9.18 | 6.25 | -1.84 | -2.23 | -5.23 | -1.31 | -4.13 | 1.66 | - |
| 5-Year Average | 44.14 | 26.20 | 19.77 | 14.48 | 4.05 | 3.13 | -3.77 | -2.07 | -3.04 | -1.72 | - |
| 10-Year Average | 9.99 | 12.71 | 16.35 | 11.86 | 10.54 | 21.93 | 10.20 | 8.30 | 5.36 | 1.12 | - |
| Net Income % | |||||||||||
| Year Over Year | 120.69 | -21.45 | 65.54 | -36.99 | -10.08 | -3.0 | -27.34 | 6.04 | 88.94 | -0.54 | 4.60 |
| 3-Year Average | - | 31.57 | 42.11 | -6.43 | -2.12 | -18.09 | -14.10 | -9.25 | 13.33 | 25.84 | - |
| 5-Year Average | 26.22 | - | - | 18.89 | 10.21 | -6.5 | -7.95 | -15.79 | 4.89 | 7.03 | - |
| 10-Year Average | 22.93 | 10.55 | 18.97 | 6.99 | 2.5 | 8.64 | - | - | 11.67 | 8.61 | - |
| EPS % | |||||||||||
| Year Over Year | 105.93 | -23.05 | 63.64 | -37.25 | -10.42 | -4.07 | -33.33 | 6.36 | 77.78 | -1.92 | 3.13 |
| 3-Year Average | - | 27.14 | 37.39 | -7.55 | -2.75 | -18.61 | -16.95 | -12.05 | 8.03 | 22.86 | - |
| 5-Year Average | 24.27 | - | - | 16.11 | 7.83 | -7.45 | -10.07 | -17.49 | 1.61 | 3.47 | - |
| 10-Year Average | 17.61 | 6.57 | 15.89 | 5.54 | 1.31 | 7.24 | - | - | 8.62 | 5.63 | - |
| Cash Flow Ratios | 2015-12 | 2016-12 | 2017-12 | 2018-12 | 2019-12 | 2020-12 | 2021-12 | 2022-12 | 2023-12 | 2024-12 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow Growth % YOY | -10.88 | -16.18 | 54.17 | -40.62 | 62.18 | 12.06 | -2.33 | 8.56 | 10.12 | 32.81 | - |
| Free Cash Flow Growth % YOY | -40.28 | -80.16 | - | - | - | - | - | - | - | - | - |
| Free Cash Flow/Sales % | 6.23 | 1.11 | -2.10 | -15.67 | -5.83 | -7.90 | -24.20 | -38.48 | -37.25 | -8.73 | -21.82 |
| Free Cash Flow/Net Income | 0.31 | 0.08 | -0.09 | -1.15 | -0.49 | -0.65 | -2.58 | -4.29 | -2.48 | -0.62 | -1.54 |
| Free Cash Flow/Share | 0.23 | 1.66 | -1.08 | -1.97 | -0.08 | -0.92 | -3.71 | -3.88 | -6.11 | -2.28 | -1.26 |
| Liquidity/Financial Health | 2015-12 | 2016-12 | 2017-12 | 2018-12 | 2019-12 | 2020-12 | 2021-12 | 2022-12 | 2023-12 | 2024-12 | Latest Qtr |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.99 | 2.5 | 1.14 | 1.31 | 1.1 | 3.13 | 1.11 | 1.33 | 1.2 | 0.91 | 0.97 |
| Quick Ratio | 1.45 | 2.01 | 0.75 | 0.82 | 0.76 | 2.57 | 0.8 | 0.8 | 0.87 | 0.57 | 0.57 |
| Interest Coverage | 2.57 | 3.09 | 4.15 | 2.93 | 2.71 | 3.16 | 2.25 | 2.09 | 2.41 | 1.86 | 1.83 |
| Financial Leverage | 2.32 | 2.28 | 2.09 | 2.37 | 2.33 | 2.15 | 2.39 | 2.47 | 2.25 | 2.34 | 2.37 |
| Debt/Equity | 0.87 | 0.81 | 0.65 | 0.79 | 0.74 | 0.77 | 0.83 | 1.0 | 0.78 | 0.87 | 0.9 |
| Book Value/Share | 19.6 | 20.94 | 23.32 | 25.75 | 27.06 | 25.72 | 32.71 | 32.92 | 37.75 | 39.48 | 39.98 |
| Cap Ex as a % of Sales | 25.72 | 22.93 | 37.54 | 35.94 | 37.53 | 45.47 | 63.23 | 76.75 | 74.56 | 55.44 | 65.17 |
| Fiscal | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Current | 5-Yr |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Asset % | 5.42 | 3.95 | 6.16 | 3.43 | 2.77 | 2.39 | 1.49 | 1.46 | 2.53 | 2.28 | 2.21 | 4.35 |
| Return on Equity % | 13.55 | 9.08 | 13.44 | 7.67 | 6.5 | 5.34 | 3.39 | 3.54 | 5.95 | 5.22 | 5.22 | 10.05 |
| Return on Invested Capital % | 9.88 | 7.4 | 9.99 | 6.34 | 5.36 | 4.42 | 3.48 | 3.56 | 4.97 | 4.8 | 4.66 | 7.79 |
| Days Sales Outstanding | 31.89 | 37.49 | 50.37 | 62.92 | 71.46 | 78.58 | 74.89 | 62.58 | 74.27 | 77.33 | 67.65 | 50.83 |
| Days Inventory | 16.97 | 14.01 | 13.57 | 26.26 | 30.62 | 29.89 | 29.18 | 20.11 | 21.91 | 24.99 | 28.32 | 20.28 |
| Payables Period | 43.47 | 41.77 | 48.42 | 49.03 | 49.6 | 63.4 | 69.08 | 59.89 | 70.44 | 79.79 | - | 46.46 |
| Cash Conversion Cycle | 5.39 | 9.73 | 15.52 | 40.15 | 52.47 | 45.07 | 34.99 | 22.8 | 25.73 | 22.54 | - | 24.65 |
| Recieveables Turnover | 11.45 | 9.74 | 7.25 | 5.8 | 5.11 | 4.65 | 4.87 | 5.83 | 4.91 | 4.72 | 5.40 | 7.87 |
| Inventory Turnover | 21.5 | 26.06 | 26.9 | 13.9 | 11.92 | 12.21 | 12.51 | 18.15 | 16.66 | 14.6 | 12.89 | 20.06 |
| Fixed Assets Turnover | 0.34 | 0.36 | 0.36 | 0.34 | 0.32 | 0.28 | 0.23 | 0.23 | 0.23 | 0.22 | 0.21 | 0.34 |
| Asset Turnover | 0.27 | 0.28 | 0.27 | 0.25 | 0.23 | 0.2 | 0.16 | 0.16 | 0.17 | 0.16 | 0.16 | 0.26 |
