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NYSE · ELECTRIC SERVICES · LARGE CAP

Ormat Technologies, Inc. ORA

18 fiscal years on record · USD · FY2025 reported · SEC filings only
$989.5M
▲ 12.5% YoY
$123.9M
▲ 0.1% YoY
$-284.7M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Ormat Technologies, Inc. is a vertically integrated company primarily engaged in the geothermal power business. As of December 31, 2025, it employed 1,648 professionals across its global operations, including 531 in Israel, 797 in the U.S., and 320 in other countries. In the Electricity segment, it 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 around the world, and sells the electricity they generate. In the Product segment, it designs, manufactures and sells equipment for geothermal and recovered energy-based electricity generation, and provides services relating to the engineering, procurement and construction of geothermal and recovered energy-based power plants. In the Energy Storage segment, it owns and operates grid-connected, stand alone In Front of the Meter BESS facilities, which provide capacity, energy and ancillary services directly to the electric grid.

Written from the business description in ORMAT TECHNOLOGIES, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 26 February 2026. Every sentence was checked against that document before publication.

Growth

USD 989.5M
Revenue, FY2025 · full 18-year series below
Revenue $M Net income $M
FY2025 · Revenue 989.5 · Net income 123.9
400M800M-100M-200M
2008201120142017202020232025
Compound annual growth
+10.5%
+7.0%
+5.2%
+6.7%
+23.5%
+7.7%
+0.3%
+8.3%
+20.0%
+4.1%
−1.9%
+6.2%
+0.0%
+1.8%
+6.3%
+3.9%
−13.6%
+5.3%
+8.6%
+5.9%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +7.0% a year over the five years to FY2025 — but profit grew faster: net income at +7.7%, earnings per share at +4.1%.

The share count rose from 0.06B to 0.06B over the period.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

13 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 17.1% · Net 12.8%
10%20%30%-20%-40%
200820162025
ROE
FY2025 · ROE 5.0%
5%10%-10%-20%
200820162025
Three returns, three denominators.

Each USD of equity produced 5 cents of profit this year.

Cash & shareholders

USD 29.1M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -284.7
20M40M-150M-300M
200820162025
Net buybacks $M Dividends $M
FY2025 · Dividends 29.1 · Net buybacks ·
20M40M-150M-300MDividendsNet buybacks
2008201120142017202020232025

USD 29.1M in dividends — 23% of the year's profit went back to shareholders.

Total assetsUSD 6.2B
EquityUSD 2.5B
CashUSD 147.4M
Gross debtUSD 2.7B
Net debtUSD 2.6B
DepositsUSD 11.4M

Net debt stands at 102% of equity.

The 18-year record

18 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
ORA, 18-year financial record
Metric 202520242023202220212020201920182017201620152014201320122011201020092008
Revenue $B1.00.90.80.70.70.70.70.70.70.70.60.60.50.50.40.40.40.3
Operating income $B0.20.20.20.20.20.20.20.20.20.20.20.10.1−0.20.10.00.10.1
EBITDA $B0.50.40.40.40.40.40.30.30.30.30.30.20.2−0.10.20.10.10.1
Income tax $B−0.0−0.00.00.00.00.10.00.00.00.0−0.00.00.00.00.0−0.00.00.0
Net income $B0.10.10.10.10.10.10.10.10.10.10.10.10.0−0.2−0.00.00.10.0
Free cash flow $B−0.3−0.1−0.3−0.3−0.2−0.1−0.0−0.1−0.00.00.00.1−0.1−0.1−0.1−0.2−0.2◌
EPS, diluted $2.022.042.081.171.101.651.721.922.611.772.451.180.91−4.69−0.950.821.510.98
Dividend / sh $0.480.480.480.480.480.440.440.530.440.520.260.210.080.080.130.270.250.20
Payout %2324234143262527152911189−2−14331620
ROE %5.05.25.93.53.45.36.57.711.68.613.67.25.8−26.6−4.74.07.75.1
Shares out B0.060.060.060.060.060.060.050.050.050.050.050.050.050.050.050.050.05◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

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Provenance

Company facts, as filed

How we verify · 0 failures in 88 reconciliationsAUDITED

Reconciled in 18 of the 18 fiscal years we could check. Four checks were skipped: the balance sheet is not tagged before 2009. One check was skipped: EPS is not tagged before 2008. One check was skipped: revenue is not tagged before 2008.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityElectric Services
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2008

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