Ormat Technologies (ORA) Financials

$68.51 -0.94 (-1.35%)

Closing price 03:59 PM Eastern

Extended Trading

$67.53 -0.98 (-1.43%)

As of 06:30 PM Eastern

Annual Income Statements for Ormat Technologies

This table shows Ormat Technologies' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	120	89	132	98	88	85	62	66	124	124
Consolidated Net Income / (Loss)	124	96	147	110	94	102	76	78	133	131
Net Income / (Loss) Continuing Operations	124	96	147	110	94	102	76	78	133	131
Total Pre-Tax Income	114	141	171	137	137	169	104	96	139	115
Total Operating Income	164	202	205	185	194	214	169	153	167	172
Total Gross Profit	218	271	268	270	269	276	264	269	264	273
Total Revenue	595	663	693	719	746	705	663	734	829	880
Operating Revenue	595	663	693	719	746	705	663	734	829	880
Total Cost of Revenue	376	392	424	449	477	429	399	465	565	607
Operating Cost of Revenue	376	392	-	449	-	429	-	465	565	607
Total Operating Expenses	54	69	63	85	76	62	95	116	97	100
Selling, General & Admin Expense	35	47	43	48	56	60	76	61	68	80
Marketing Expense	16	16	16	20	15	17	15	16	18	18
Research & Development Expense	1.78	2.76	3.16	4.18	4.65	5.40	4.13	5.08	7.22	6.50
Other Operating Expenses / (Income)	-	-	-	-	-	-	-	0.00	0.00	-9.38
Impairment Charge	1.58	3.02	1.80	14	-	0.00	0.00	33	3.73	5.21
Total Other Income / (Expense), net	-50	-61	-34	-48	-56	-45	-66	-57	-28	-57
Interest Expense	73	67	54	71	80	78	83	88	99	134
Interest & Investment Income	26	17	19	20	22	27	32	37	73	81
Other Income / (Expense), net	-3.61	-11	0.99	3.02	1.50	5.22	-15	-6.75	-1.76	-4.00
Income Tax Expense	-16	37	22	35	46	67	25	15	5.98	-16
Other Gains / (Losses), net	-5.51	-7.74	-1.96	7.66	1.85	0.09	-2.62	-3.07	0.04	-0.43
Net Income / (Loss) Attributable to Noncontrolling Interest	3.78	7.59	15	12	5.45	16	14	12	8.74	7.51
Basic Earnings per Share	$2.48	$1.79	$2.64	$1.93	$1.73	$1.66	$1.11	$1.17	$2.09	$2.05
Weighted Average Basic Shares Outstanding	48.56M	49.47M	50.11M	50.64M	50.87M	51.57M	56.00M	56.06M	59.42M	60.46M
Diluted Earnings per Share	$2.45	$1.77	$2.61	$1.92	$1.72	$1.65	$1.10	$1.17	$2.08	$2.04
Weighted Average Diluted Shares Outstanding	49.19M	50.14M	50.77M	50.97M	51.23M	51.94M	56.40M	56.50M	59.76M	60.79M
Weighted Average Basic & Diluted Shares Outstanding	48.60M	49.47M	50.11M	50.80M	51.03M	55.98M	56.06M	56.10M	60.36M	60.50M
Cash Dividends to Common per Share	$0.26	$0.52	$0.41	$0.53	$0.44	$0.44	$0.48	$0.48	$0.48	$0.48

This table shows Ormat Technologies' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	18	18	29	24	35	36	39	22	22	41
Consolidated Net Income / (Loss)	20	20	33	25	36	39	40	24	24	43
Net Income / (Loss) Continuing Operations	20	20	33	25	36	39	40	24	24	43
Total Pre-Tax Income	28	13	42	19	30	49	39	20	25	32
Total Operating Income	39	30	53	24	38	52	53	35	36	49
Total Gross Profit	61	80	76	49	60	78	79	61	59	74
Total Revenue	176	205	185	195	208	241	224	213	212	231
Operating Revenue	176	205	185	195	208	241	224	213	212	231
Total Cost of Revenue	115	125	109	145	148	163	145	152	153	157
Total Operating Expenses	22	50	23	25	22	27	26	26	23	24
Selling, General & Admin Expense	16	14	18	18	14	19	20	18	23	20
Marketing Expense	4.09	3.78	3.95	5.37	4.68	4.31	5.13	4.17	4.25	4.15
Research & Development Expense	1.24	1.39	1.29	2.08	1.39	2.45	1.56	1.73	1.82	1.39
Total Other Income / (Expense), net	-11	-17	-11	-5.67	-7.96	-2.78	-13	-16	-11	-17
Interest Expense	22	24	24	24	25	26	31	34	35	35
Interest & Investment Income	11	8.78	14	20	18	21	19	18	22	21
Other Income / (Expense), net	0.38	-2.21	-1.88	-1.19	-0.67	1.98	-1.56	-0.26	2.07	-4.25
Income Tax Expense	7.23	-8.78	8.89	-3.96	-7.13	8.19	-0.15	-3.18	-1.19	-12
Other Gains / (Losses), net	-0.59	-1.50	0.27	2.00	-0.41	-1.83	0.83	1.23	-1.62	-0.86
Net Income / (Loss) Attributable to Noncontrolling Interest	1.72	2.19	4.43	0.32	0.88	3.11	1.76	1.72	2.22	1.80
Basic Earnings per Share	$0.32	$0.32	$0.51	$0.40	$0.59	$0.59	$0.64	$0.37	$0.37	$0.67
Weighted Average Basic Shares Outstanding	56.00M	56.06M	56.71M	60.25M	60.30M	59.42M	60.39M	60.45M	60.48M	60.46M
Diluted Earnings per Share	$0.32	$0.32	$0.51	$0.40	$0.59	$0.58	$0.64	$0.37	$0.36	$0.67
Weighted Average Diluted Shares Outstanding	56.46M	56.50M	57.10M	60.63M	60.57M	59.76M	60.54M	60.76M	60.77M	60.79M
Weighted Average Basic & Diluted Shares Outstanding	56.05M	56.10M	59.71M	60.26M	60.35M	60.36M	60.42M	60.45M	60.48M	60.50M

This table details how cash moves in and out of Ormat Technologies' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	146	29	-168	54	-24	384	-193	-117	61	-82
Net Cash From Operating Activities	190	159	246	146	236	265	259	281	309	411
Net Cash From Continuing Operating Activities	190	159	246	146	236	265	259	281	309	411
Net Income / (Loss) Continuing Operations	124	96	147	110	94	102	76	78	133	131
Consolidated Net Income / (Loss)	124	96	147	110	94	102	76	78	133	131
Depreciation Expense	107	106	115	132	149	157	183	199	225	263
Non-Cash Adjustments To Reconcile Net Income	-4.41	-19	1.29	3.81	-3.69	26	19	35	14	-13
Changes in Operating Assets and Liabilities, net	-37	-21	-15	-98	0.56	-20	-19	-30	-62	30
Net Cash From Investing Activities	-91	-174	-346	-342	-255	-386	-638	-523	-628	-780
Net Cash From Continuing Investing Activities	-91	-174	-346	-342	-255	-386	-638	-523	-628	-780
Purchase of Property, Plant & Equipment	-152	-152	-259	-259	-280	-321	-419	-563	-618	-488
Acquisitions	-0.50	-24	-82	-99	-11	-64	-177	-4.51	-10	-294
Purchase of Investments	-	-	-	-	0.00	0.00	-60	-19	0.00	0.00
Sale and/or Maturity of Investments	-	-	-	-	0.00	0.00	16	62	0.00	0.00
Other Investing Activities, net	62	1.86	-3.81	15	36	-0.87	2.28	1.77	0.22	1.02
Net Cash From Financing Activities	47	44	-68	251	-5.77	503	186	126	380	288
Net Cash From Continuing Financing Activities	47	44	-68	251	-5.77	503	186	126	380	288
Repayment of Debt	-727	-635	-1,132	-4,058	-1,668	-1,477	177	-406	-43	-422
Repurchase of Common Equity	-	-	-	-	-	0.00	0.00	-18	0.00	0.00
Payment of Dividends	-32	-90	-42	-40	-32	-32	-34	-33	-38	-35
Issuance of Debt	641	655	1,098	4,097	1,501	1,249	0.00	420	100	230
Issuance of Common Equity	158	106	2.02	4.13	3.35	347	5.70	5.44	349	12
Other Financing Activities, net	6.09	7.25	6.21	247	190	416	37	158	13	503
Effect of Exchange Rate Changes	-	0.00	0.00	-0.66	-0.58	1.15	-0.35	-	0.07	-0.58
Cash Interest Paid	55	55	40	54	62	61	67	69	72	103
Cash Income Taxes Paid	10	18	22	18	1.65	65	34	29	26	26

This table details how cash moves in and out of Ormat Technologies' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-103	-26	296	-127	-209	102	11	-135	13	29
Net Cash From Operating Activities	91	75	56	74	40	139	115	31	106	159
Net Cash From Continuing Operating Activities	91	75	56	74	40	139	115	31	106	159
Net Income / (Loss) Continuing Operations	20	20	33	25	36	39	40	24	24	43
Consolidated Net Income / (Loss)	20	20	33	25	36	39	40	24	24	43
Depreciation Expense	50	51	53	54	57	60	62	64	67	70
Non-Cash Adjustments To Reconcile Net Income	-1.85	33	12	-15	-8.66	25	-4.87	-14	-19	25
Changes in Operating Assets and Liabilities, net	23	-30	-42	10	-45	15	17	-43	35	21
Net Cash From Investing Activities	-145	-154	-111	-164	-183	-170	-378	-147	-120	-135
Net Cash From Continuing Investing Activities	-145	-154	-111	-164	-183	-170	-378	-147	-120	-135
Purchase of Property, Plant & Equipment	-145	-155	-107	-160	-182	-170	-103	-147	-110	-128
Acquisitions	-0.16	-	-4.24	-3.87	-1.50	-0.58	-275	-0.62	-0.59	-17
Other Investing Activities, net	0.55	1.27	-0.07	-0.06	0.35	-0.00	0.79	0.33	-9.85	9.75
Net Cash From Financing Activities	-49	53	350	-37	-66	132	274	-19	27	5.89
Net Cash From Continuing Financing Activities	-49	53	350	-37	-66	132	274	-19	27	5.89
Repayment of Debt	33	-123	-44	-74	73	0.78	-99	321	-545	-99
Payment of Dividends	-8.80	-6.90	-9.72	-7.83	-38	17	-10	-8.18	-9.33	-7.56
Issuance of Debt	-0.70	-	0.00	-	-	100	40	-	139	51
Other Financing Activities, net	-73	183	99	-0.39	-100	14	331	-332	442	62

This table presents Ormat Technologies' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	2,274	2,462	2,624	3,121	3,250	3,889	4,426	4,612	5,208	5,666
Total Current Assets	375	473	322	473	416	779	602	457	646	547
Cash & Equivalents	186	230	48	99	71	448	239	96	196	94
Restricted Cash	50	34	49	79	82	89	104	131	92	111
Accounts Receivable	88	150	124	199	177	167	141	161	253	215
Inventories, net	18	12	20	45	35	35	28	23	45	38
Prepaid Expenses	33	46	40	51	13	15	36	30	42	59
Other Current Assets	-	-	41	-	38	25	9.69	16	18	29
Plant, Property, & Equipment, net	1,559	1,556	1,735	1,960	1,971	2,099	3,016	2,493	815	0.00
Total Noncurrent Assets	340	432	568	689	863	1,011	807	1,661	3,747	5,119
Long-Term Investments	-	0.00	34	72	81	98	106	116	125	145
Noncurrent Note & Lease Receivables	4.02	3.92	4.67	3.24	14	12	26	3.81	3.51	2.84
Goodwill	0.00	6.65	21	20	20	25	90	90	91	151
Intangible Assets	26	53	85	200	186	194	363	334	308	302
Noncurrent Deferred & Refundable Income Taxes	-	0.00	57	114	130	119	143	161	153	154
Other Noncurrent Operating Assets	310	369	365	280	432	563	79	956	3,068	4,365
Total Liabilities & Shareholders' Equity	2,274	2,462	2,624	3,121	3,250	3,889	4,426	4,612	5,208	5,666
Total Liabilities	1,190	1,289	1,322	1,668	1,726	1,938	2,418	2,581	2,757	3,106
Total Current Liabilities	189	189	283	362	376	249	544	344	537	598
Short-Term Debt	30	32	85	192	115	-	-	0.00	120	100
Accounts Payable	92	92	154	116	142	153	143	149	215	234
Current Deferred Revenue	34	32	20	18	2.76	11	-	8.79	-	23
Other Current Liabilities	33	34	25	35	117	85	401	186	203	241
Total Noncurrent Liabilities	1,002	1,093	1,038	1,306	1,349	1,689	1,874	2,237	2,220	2,508
Long-Term Debt	839	873	804	1,041	1,012	-	-	421	423	1,871
Asset Retirement Reserve & Litigation Obligation	40	42	48	57	69	82	101	110	114	130
Noncurrent Deferred & Payable Income Tax Liabilities	43	43	71	73	112	90	90	90	75	75
Other Noncurrent Operating Liabilities	22	81	63	86	157	1,517	1,683	1,616	1,607	433
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	0.00	11	6.42	8.60	9.25	9.83	9.33	9.59	11	9.45
Total Equity & Noncontrolling Interests	1,084	1,168	1,296	1,445	1,515	1,941	1,998	2,021	2,441	2,551
Total Preferred & Common Equity	990	1,077	1,211	1,320	1,392	1,806	1,855	1,868	2,315	2,425
Total Common Equity	990	1,077	1,211	1,320	1,392	1,806	1,855	1,868	2,315	2,425
Common Stock	849	870	889	901	913	1,263	1,272	1,259	1,615	1,635
Retained Earnings	148	215	327	422	488	550	585	624	720	815
Treasury Stock	-	-	-	-	-	-	-	-18	-18	-18
Accumulated Other Comprehensive Income / (Loss)	-7.67	-8.18	-4.71	-3.80	-8.65	-6.62	-2.19	2.50	-1.33	-6.73
Noncontrolling Interest	94	92	84	125	123	135	143	153	126	126

This table presents Ormat Technologies' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	4,525	5,015	5,011	5,011	5,517	5,507	5,590
Total Current Assets	475	811	686	516	609	517	537
Cash & Equivalents	155	415	275	78	202	66	88
Restricted Cash	98	107	120	108	97	97	89
Accounts Receivable	138	198	205	228	188	192	200
Inventories, net	30	45	38	45	54	45	47
Prepaid Expenses	37	45	47	56	44	87	82
Other Current Assets	17	-	-	-	24	30	31
Plant, Property, & Equipment, net	2,510	2,542	2,836	2,883	3,220	0.00	0.00
Total Noncurrent Assets	1,540	1,663	1,489	1,612	1,687	4,990	5,053
Long-Term Investments	117	119	126	128	127	130	127
Noncurrent Note & Lease Receivables	3.97	4.28	4.37	3.90	3.22	-	2.84
Goodwill	90	90	90	90	151	151	151
Intangible Assets	339	328	321	314	324	317	310
Noncurrent Deferred & Refundable Income Taxes	135	156	166	166	174	186	199
Other Noncurrent Operating Assets	855	965	780	910	908	4,206	4,263
Total Liabilities & Shareholders' Equity	4,525	5,015	5,011	5,011	5,517	5,507	5,590
Total Liabilities	2,524	2,669	2,594	2,596	3,030	3,000	3,066
Total Current Liabilities	372	391	383	540	546	531	566
Short-Term Debt	-	-	-	35	100	100	100
Accounts Payable	160	173	175	228	197	183	218
Current Deferred Revenue	14	25	19	11	21	16	10
Other Current Liabilities	198	194	190	267	228	231	238
Total Noncurrent Liabilities	2,152	2,278	2,210	2,056	2,484	2,469	2,499
Long-Term Debt	420	421	422	423	424	424	469
Asset Retirement Reserve & Litigation Obligation	106	112	114	115	134	125	127
Noncurrent Deferred & Payable Income Tax Liabilities	84	85	81	67	84	86	85
Other Noncurrent Operating Liabilities	1,541	1,660	1,593	1,451	1,842	1,833	1,818
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	8.43	9.36	10	9.95	10	9.99	11
Total Equity & Noncontrolling Interests	1,992	2,337	2,407	2,405	2,477	2,497	2,514
Total Preferred & Common Equity	1,847	2,185	2,254	2,279	2,352	2,371	2,389
Total Common Equity	1,847	2,185	2,254	2,279	2,352	2,371	2,389
Common Stock	1,256	1,561	1,609	1,611	1,620	1,625	1,630
Retained Earnings	613	646	663	691	751	766	781
Treasury Stock	-18	-18	-18	-18	-18	-18	-18
Accumulated Other Comprehensive Income / (Loss)	-4.48	-4.21	-0.17	-5.23	-0.84	-1.75	-4.59
Noncontrolling Interest	146	152	153	126	124	126	125

This table displays calculated financial ratios and metrics derived from Ormat Technologies' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.28%	11.43%	4.56%	3.82%	3.72%	-5.46%	-5.99%	10.72%	12.98%	6.06%
EBITDA Growth	8.45%	9.89%	8.40%	-0.25%	7.46%	10.10%	-10.21%	2.18%	12.99%	10.71%
EBIT Growth	9.87%	19.04%	7.85%	-8.68%	3.81%	12.25%	-29.53%	-5.47%	12.86%	2.21%
NOPAT Growth	92.37%	-20.51%	20.25%	-22.77%	-6.38%	-0.30%	-0.24%	0.41%	23.35%	23.46%
Net Income Growth	125.66%	-22.44%	52.77%	-25.15%	-15.05%	8.83%	-25.27%	2.26%	71.14%	-1.42%
EPS Growth	107.63%	-27.76%	47.46%	-26.44%	-10.42%	-4.07%	-33.33%	6.36%	77.78%	-1.92%
Operating Cash Flow Growth	-10.88%	-16.18%	54.17%	-40.62%	62.18%	12.06%	-2.33%	8.56%	10.12%	32.81%
Free Cash Flow Firm Growth	-36.48%	-47.54%	-233.52%	-288.78%	162.61%	722.83%	-105.70%	-562.54%	32.63%	-348.00%
Invested Capital Growth	6.16%	5.99%	13.21%	18.30%	-0.82%	-45.55%	15.11%	39.20%	22.40%	61.95%
Revenue Q/Q Growth	3.81%	-0.68%	0.00%	0.00%	0.27%	-1.82%	1.78%	2.01%	4.52%	-1.19%
EBITDA Q/Q Growth	6.24%	-0.11%	191.04%	139.74%	-2.39%	1.23%	2.82%	-6.96%	9.61%	0.32%
EBIT Q/Q Growth	10.26%	0.32%	0.00%	0.00%	-5.76%	0.48%	1.04%	-16.34%	18.38%	-4.95%
NOPAT Q/Q Growth	6.45%	4.96%	0.00%	0.00%	-2.98%	5.00%	8.43%	5.97%	-0.76%	15.66%
Net Income Q/Q Growth	16.74%	1.91%	0.00%	0.00%	-8.74%	10.18%	-1.63%	-2.56%	16.24%	2.98%
EPS Q/Q Growth	19.51%	-4.32%	0.00%	0.00%	-6.01%	8.55%	-3.51%	-1.68%	14.29%	4.62%
Operating Cash Flow Q/Q Growth	20.70%	-29.23%	46.36%	-19.97%	-3.12%	-3.26%	51.44%	-12.27%	26.29%	4.97%
Free Cash Flow Firm Q/Q Growth	95.78%	-53.46%	68.50%	45.52%	-12.62%	1,368.86%	7.01%	-153.70%	9.70%	-2,154.73%
Invested Capital Q/Q Growth	-1.40%	1.99%	4.09%	0.81%	1.57%	-49.37%	-45.77%	2.84%	0.92%	49.82%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	36.71%	40.87%	38.75%	37.60%	36.10%	39.17%	39.86%	36.62%	31.83%	30.99%
EBITDA Margin	44.96%	44.34%	45.97%	44.17%	45.76%	53.29%	50.89%	46.97%	46.98%	49.03%
Operating Margin	27.59%	30.47%	29.59%	25.74%	25.98%	30.34%	25.54%	20.81%	20.08%	19.61%
EBIT Margin	26.98%	28.83%	29.73%	26.16%	26.18%	31.08%	23.30%	19.89%	19.87%	19.15%
Profit (Net Income) Margin	20.88%	14.53%	21.23%	15.31%	12.54%	14.43%	11.47%	10.60%	16.05%	14.92%
Tax Burden Percent	109.29%	68.25%	86.16%	80.27%	68.13%	60.34%	73.47%	81.37%	95.72%	113.75%
Interest Burden Percent	70.80%	73.87%	82.88%	72.92%	70.30%	76.96%	67.02%	65.46%	84.38%	68.48%
Effective Tax Rate	-14.13%	26.27%	12.69%	25.32%	33.22%	39.71%	24.00%	15.42%	4.30%	-14.12%
Return on Invested Capital (ROIC)	11.23%	8.42%	9.23%	6.15%	5.33%	6.91%	9.09%	7.13%	6.80%	5.82%
ROIC Less NNEP Spread (ROIC-NNEP)	2.61%	0.16%	4.67%	2.92%	1.51%	-14.21%	18.43%	31.97%	-18.44%	-1.67%
Return on Net Nonoperating Assets (RNNOA)	2.04%	0.09%	2.63%	1.84%	0.95%	-1.05%	-5.25%	-3.28%	-0.86%	-0.58%
Return on Equity (ROE)	13.27%	8.51%	11.86%	7.99%	6.28%	5.86%	3.84%	3.85%	5.94%	5.24%
Cash Return on Invested Capital (CROIC)	5.26%	2.60%	-3.17%	-10.62%	6.16%	65.89%	-4.95%	-25.64%	-13.35%	-41.48%
Operating Return on Assets (OROA)	7.30%	8.07%	8.10%	6.55%	6.13%	6.14%	3.72%	3.23%	3.36%	3.10%
Return on Assets (ROA)	5.65%	4.07%	5.79%	3.83%	2.94%	2.85%	1.83%	1.72%	2.71%	2.41%
Return on Common Equity (ROCE)	12.52%	7.77%	10.93%	7.34%	5.72%	5.39%	3.55%	3.55%	5.54%	4.95%
Return on Equity Simple (ROE_SIMPLE)	12.54%	8.94%	12.14%	8.34%	6.72%	5.64%	4.10%	4.17%	5.75%	5.41%
Net Operating Profit after Tax (NOPAT)	187	149	179	138	129	129	129	129	159	197
NOPAT Margin	31.49%	22.47%	25.84%	19.22%	17.35%	18.29%	19.41%	17.60%	19.22%	22.37%
Net Nonoperating Expense Percent (NNEP)	8.62%	8.25%	4.56%	3.23%	3.82%	21.12%	-9.34%	-24.84%	25.23%	7.49%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	5.29%	5.34%	4.35%
Cost of Revenue to Revenue	63.29%	59.13%	61.25%	62.40%	63.90%	60.83%	60.14%	63.38%	68.17%	69.01%
SG&A Expenses to Revenue	5.85%	7.05%	6.19%	6.64%	7.48%	8.54%	11.45%	8.35%	8.22%	9.11%
R&D to Revenue	0.30%	0.42%	0.46%	0.58%	0.62%	0.76%	0.62%	0.69%	0.87%	0.74%
Operating Expenses to Revenue	9.12%	10.40%	9.16%	11.86%	10.12%	8.83%	14.32%	15.80%	11.75%	11.39%
Earnings before Interest and Taxes (EBIT)	160	191	206	188	195	219	155	146	165	168
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	267	294	318	318	341	376	337	345	390	431
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.69	2.34	2.55	1.94	2.65	2.49	2.35	2.56	1.96	1.69
Price to Tangible Book Value (P/TBV)	1.74	2.48	2.80	2.32	3.11	2.84	3.11	3.32	2.37	2.08
Price to Revenue (P/Rev)	2.82	3.81	4.46	3.55	4.94	6.38	6.58	6.52	5.48	4.66
Price to Earnings (P/E)	13.91	28.43	23.33	26.08	41.86	52.69	70.31	72.68	36.53	33.10
Dividend Yield	0.76%	1.02%	0.67%	1.05%	0.61%	0.50%	0.62%	0.56%	0.64%	0.71%
Earnings Yield	7.19%	3.52%	4.29%	3.83%	2.39%	1.90%	1.42%	1.38%	2.74%	3.02%
Enterprise Value to Invested Capital (EV/IC)	1.40	1.79	1.91	1.51	1.95	3.05	2.66	2.38	1.86	1.40
Enterprise Value to Revenue (EV/Rev)	4.04	4.93	5.68	5.11	6.32	5.69	6.07	6.85	5.80	6.65
Enterprise Value to EBITDA (EV/EBITDA)	8.98	11.12	12.37	11.56	13.81	10.68	11.93	14.58	12.35	13.56
Enterprise Value to EBIT (EV/EBIT)	14.97	17.10	19.12	19.52	24.13	18.31	26.06	34.42	29.18	34.73
Enterprise Value to NOPAT (EV/NOPAT)	12.82	21.94	22.00	26.56	36.42	31.11	31.28	38.89	30.17	29.73
Enterprise Value to Operating Cash Flow (EV/OCF)	12.64	20.50	16.04	25.18	19.93	15.14	15.55	17.89	15.55	14.24
Enterprise Value to Free Cash Flow (EV/FCFF)	27.39	70.99	0.00	0.00	31.52	3.26	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.80	0.77	0.68	0.85	0.74	0.00	0.00	0.21	0.22	0.77
Long-Term Debt to Equity	0.77	0.74	0.62	0.72	0.66	0.00	0.00	0.21	0.17	0.73
Financial Leverage	0.78	0.56	0.56	0.63	0.63	0.07	-0.28	-0.10	0.05	0.35
Leverage Ratio	2.35	2.09	2.05	2.08	2.14	2.05	2.10	2.24	2.19	2.17
Compound Leverage Factor	1.66	1.55	1.70	1.52	1.50	1.58	1.41	1.47	1.85	1.49
Debt to Total Capital	44.49%	43.42%	40.57%	45.90%	42.50%	0.00%	0.00%	17.17%	18.13%	43.49%
Short-Term Debt to Total Capital	1.53%	1.55%	3.87%	7.16%	4.34%	0.00%	0.00%	0.00%	4.01%	2.21%
Long-Term Debt to Total Capital	42.96%	41.88%	36.71%	38.73%	38.16%	0.00%	0.00%	17.17%	14.13%	41.29%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	4.81%	4.93%	4.14%	4.98%	4.99%	7.45%	7.61%	6.65%	4.55%	2.99%
Common Equity to Total Capital	50.70%	51.65%	55.29%	49.12%	52.51%	92.55%	92.39%	76.18%	77.32%	53.52%
Debt to EBITDA	3.25	3.08	2.79	3.88	3.30	0.00	0.00	1.22	1.39	4.57
Net Debt to EBITDA	2.37	2.18	2.38	3.10	2.62	0.00	0.00	0.23	0.33	3.76
Long-Term Debt to EBITDA	3.14	2.97	2.53	3.28	2.96	0.00	0.00	1.22	1.09	4.34
Debt to NOPAT	4.64	6.08	4.97	8.92	8.71	0.00	0.00	3.26	3.41	10.01
Net Debt to NOPAT	3.38	4.30	4.24	7.12	6.90	0.00	0.00	0.61	0.81	8.23
Long-Term Debt to NOPAT	4.48	5.86	4.49	7.53	7.82	0.00	0.00	3.26	2.65	9.50
Altman Z-Score	1.53	1.96	2.12	1.58	1.93	2.12	1.55	1.59	1.47	1.24
Noncontrolling Interest Sharing Ratio	5.65%	8.68%	7.79%	8.15%	8.93%	7.98%	7.53%	7.82%	6.67%	5.42%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.99	2.50	1.14	1.31	1.10	3.13	1.11	1.33	1.20	0.91
Quick Ratio	1.45	2.01	0.61	0.82	0.66	2.48	0.78	0.75	0.84	0.52
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	88	46	-61	-239	149	1,230	-70	-465	-313	-1,402
Operating Cash Flow to CapEx	124.65%	104.84%	94.73%	56.41%	84.47%	82.62%	61.73%	49.86%	50.03%	84.26%
Free Cash Flow to Firm to Interest Expense	1.21	0.68	-1.13	-3.37	1.86	15.78	-0.85	-5.30	-3.17	-10.46
Operating Cash Flow to Interest Expense	2.62	2.36	4.54	2.06	2.94	3.40	3.13	3.20	3.13	3.07
Operating Cash Flow Less CapEx to Interest Expense	0.52	0.11	-0.25	-1.59	-0.54	-0.72	-1.94	-3.22	-3.12	-0.57
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.27	0.28	0.27	0.25	0.23	0.20	0.16	0.16	0.17	0.16
Accounts Receivable Turnover	6.78	5.55	5.04	4.45	3.97	4.10	4.30	4.86	4.00	3.76
Inventory Turnover	21.50	26.06	26.90	13.90	11.92	12.21	12.51	18.15	16.66	14.60
Fixed Asset Turnover	0.40	0.43	0.42	0.39	0.38	0.35	0.26	0.27	0.50	0.00
Accounts Payable Turnover	4.18	4.27	3.46	3.32	3.69	2.91	2.69	3.18	3.11	2.70
Days Sales Outstanding (DSO)	53.80	65.77	72.37	82.04	91.90	88.94	84.84	75.15	91.20	97.11
Days Inventory Outstanding (DIO)	16.97	14.01	13.57	26.26	30.62	29.89	29.18	20.11	21.91	24.99
Days Payable Outstanding (DPO)	87.39	85.52	105.56	109.85	98.85	125.31	135.45	114.76	117.47	134.94
Cash Conversion Cycle (CCC)	-16.62	-5.74	-19.62	-1.55	23.66	-6.49	-21.43	-19.50	-4.37	-12.84
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,717	1,820	2,060	2,437	2,417	1,316	1,515	2,109	2,581	4,181
Invested Capital Turnover	0.36	0.37	0.36	0.32	0.31	0.38	0.47	0.41	0.35	0.26
Increase / (Decrease) in Invested Capital	100	103	240	377	-20	-1,101	199	594	472	1,599
Enterprise Value (EV)	2,401	3,266	3,938	3,672	4,713	4,013	4,026	5,027	4,810	5,851
Market Capitalization	1,674	2,522	3,089	2,555	3,688	4,503	4,366	4,785	4,544	4,095
Book Value per Share	$20.19	$21.69	$23.94	$26.05	$27.31	$35.36	$33.12	$33.32	$38.36	$40.10
Tangible Book Value per Share	$19.66	$20.50	$21.84	$21.71	$23.26	$31.08	$25.03	$25.75	$31.77	$32.61
Total Capital	1,953	2,084	2,191	2,687	2,652	1,951	2,008	2,451	2,995	4,531
Total Debt	869	905	889	1,233	1,127	0.00	0.00	421	543	1,971
Total Long-Term Debt	839	873	804	1,041	1,012	0.00	0.00	421	423	1,871
Net Debt	633	641	758	984	893	-635	-493	78	130	1,620
Capital Expenditures (CapEx)	152	152	259	259	280	321	419	563	618	488
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-19	51	26	126	1.10	-6.27	-329	-114	-59	-157
Debt-free Net Working Capital (DFNWC)	217	316	123	304	154	531	58	113	229	49
Net Working Capital (NWC)	187	284	38	111	39	531	58	113	109	-51
Net Nonoperating Expense (NNE)	63	53	32	28	36	27	53	51	26	66
Net Nonoperating Obligations (NNO)	633	641	758	984	893	-635	-493	78	130	1,620
Total Depreciation and Amortization (D&A)	107	103	112	130	146	157	183	199	225	263
Debt-free, Cash-free Net Working Capital to Revenue	-3.17%	7.75%	3.81%	17.53%	0.15%	-0.89%	-49.62%	-15.51%	-7.09%	-17.82%
Debt-free Net Working Capital to Revenue	36.42%	47.66%	17.76%	42.21%	20.67%	75.21%	8.71%	15.37%	27.60%	5.57%
Net Working Capital to Revenue	31.39%	42.80%	5.53%	15.45%	5.25%	75.21%	8.71%	15.37%	13.14%	-5.79%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.11	$1.17	$2.09	$2.05
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	0.00	0.00	0.00	0.00	56.00M	56.06M	59.42M	60.46M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.10	$1.17	$2.08	$2.04
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	0.00	0.00	0.00	0.00	56.40M	56.50M	59.76M	60.79M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	0.00	0.00	0.00	0.00	56.06M	56.10M	60.36M	60.50M
Normalized Net Operating Profit after Tax (NOPAT)	116	151	181	148	129	117	129	158	163	124
Normalized NOPAT Margin	19.50%	22.80%	26.06%	20.63%	17.35%	16.52%	19.38%	21.46%	19.65%	14.14%
Pre Tax Income Margin	19.10%	21.29%	24.64%	19.07%	18.40%	23.92%	15.62%	13.02%	16.77%	13.12%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.21	2.83	3.80	2.65	2.43	2.81	1.87	1.66	1.67	1.26
NOPAT to Interest Expense	2.58	2.21	3.31	1.95	1.61	1.66	1.56	1.47	1.61	1.47
EBIT Less CapEx to Interest Expense	0.11	0.58	-0.98	-0.99	-1.05	-1.30	-3.20	-4.76	-4.59	-2.38
NOPAT Less CapEx to Interest Expense	0.48	-0.05	-1.48	-1.70	-1.87	-2.46	-3.52	-4.95	-4.64	-2.17
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	25.60%	93.20%	28.43%	36.27%	34.33%	31.64%	44.55%	42.45%	28.74%	27.04%
Augmented Payout Ratio	25.60%	93.20%	28.43%	36.27%	34.33%	31.64%	44.55%	65.54%	28.74%	27.04%

This table displays calculated financial ratios and metrics derived from Ormat Technologies' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	10.73%	7.59%	0.83%	15.21%	18.29%	17.45%	21.02%	9.33%	1.79%	-4.39%
EBITDA Growth	5.76%	-24.54%	11.69%	-6.03%	5.19%	43.04%	8.55%	27.67%	10.62%	1.21%
EBIT Growth	9.06%	-50.45%	12.94%	-30.94%	-6.06%	91.37%	-0.51%	51.40%	2.30%	-16.38%
NOPAT Growth	-12.06%	46.20%	35.60%	4.39%	62.30%	-15.26%	25.85%	38.96%	-19.79%	56.61%
Net Income Growth	-4.59%	-9.17%	46.80%	64.01%	83.25%	91.95%	20.59%	-2.23%	-33.11%	9.76%
EPS Growth	23.08%	-5.88%	54.55%	100.00%	84.38%	81.25%	25.49%	-7.50%	-38.98%	15.52%
Operating Cash Flow Growth	97.96%	-34.47%	-30.96%	120.95%	-56.30%	86.20%	104.07%	-58.55%	167.66%	14.00%
Free Cash Flow Firm Growth	578.15%	-230.88%	-140.36%	-138.74%	-159.67%	20.93%	11.33%	-8.54%	57.68%	-256.69%
Invested Capital Growth	-26.60%	39.20%	30.63%	19.59%	24.74%	22.40%	21.53%	18.16%	9.08%	61.95%
Revenue Q/Q Growth	4.03%	16.83%	-9.86%	5.16%	6.81%	16.00%	-7.12%	-5.00%	-0.55%	8.95%
EBITDA Q/Q Growth	9.09%	-11.57%	31.63%	-26.01%	22.12%	20.26%	-0.11%	-12.97%	5.81%	10.04%
EBIT Q/Q Growth	17.76%	-28.67%	83.08%	-55.10%	60.19%	45.31%	-4.82%	-31.67%	8.24%	18.78%
NOPAT Q/Q Growth	2.03%	76.54%	-17.30%	-29.93%	58.64%	-7.82%	22.82%	-22.63%	-8.42%	79.97%
Net Income Q/Q Growth	32.66%	2.04%	65.39%	-26.75%	48.23%	6.88%	3.91%	-40.61%	1.40%	75.40%
EPS Q/Q Growth	60.00%	0.00%	59.38%	-21.57%	47.50%	-1.69%	10.34%	-42.19%	-2.70%	86.11%
Operating Cash Flow Q/Q Growth	171.40%	-17.84%	-24.45%	31.16%	-46.32%	250.04%	-17.20%	-73.36%	246.62%	49.08%
Free Cash Flow Firm Q/Q Growth	-14.59%	-170.36%	15.93%	23.32%	-31.56%	6.77%	5.72%	6.13%	48.70%	-685.72%
Invested Capital Q/Q Growth	5.84%	2.84%	0.82%	8.98%	10.39%	0.92%	0.10%	5.97%	1.91%	49.82%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	34.74%	39.03%	41.07%	25.41%	28.84%	32.51%	35.16%	28.82%	27.79%	31.88%
EBITDA Margin	51.01%	38.62%	56.39%	39.68%	45.36%	47.03%	50.58%	46.33%	49.30%	49.79%
Operating Margin	22.11%	14.71%	28.70%	12.44%	18.06%	21.39%	23.46%	16.49%	16.85%	21.27%
EBIT Margin	22.33%	13.63%	27.69%	11.82%	17.73%	22.21%	22.76%	16.37%	17.82%	19.43%
Profit (Net Income) Margin	11.27%	9.85%	18.06%	12.58%	17.46%	16.09%	18.00%	11.25%	11.47%	18.47%
Tax Burden Percent	71.72%	156.21%	79.53%	132.07%	122.73%	79.50%	102.48%	122.55%	98.26%	134.40%
Interest Burden Percent	70.38%	46.23%	82.04%	80.58%	80.24%	91.11%	77.16%	56.08%	65.53%	70.74%
Effective Tax Rate	26.15%	-67.78%	21.12%	-21.32%	-24.10%	16.76%	-0.37%	-16.25%	-4.82%	-37.11%
Return on Invested Capital (ROIC)	4.85%	10.00%	8.87%	5.40%	7.72%	6.30%	8.68%	6.73%	5.88%	7.59%
ROIC Less NNEP Spread (ROIC-NNEP)	2.79%	24.71%	11.62%	11.88%	-2.94%	2.32%	28.92%	-19.04%	-0.53%	4.77%
Return on Net Nonoperating Assets (RNNOA)	0.60%	-2.54%	-1.64%	-0.41%	-0.13%	0.11%	-0.74%	-0.51%	-0.04%	1.67%
Return on Equity (ROE)	5.46%	7.46%	7.23%	4.99%	7.59%	6.41%	7.95%	6.22%	5.83%	9.25%
Cash Return on Invested Capital (CROIC)	35.72%	-25.64%	-19.09%	-11.18%	-15.04%	-13.35%	-12.23%	-9.54%	-2.33%	-41.48%
Operating Return on Assets (OROA)	3.62%	2.22%	4.32%	1.88%	2.95%	3.75%	3.75%	2.76%	2.99%	3.14%
Return on Assets (ROA)	1.83%	1.60%	2.82%	2.01%	2.91%	2.72%	2.97%	1.90%	1.93%	2.99%
Return on Common Equity (ROCE)	5.04%	6.88%	6.71%	4.63%	7.09%	5.98%	7.46%	5.84%	5.51%	8.75%
Return on Equity Simple (ROE_SIMPLE)	4.32%	0.00%	4.05%	4.35%	5.03%	0.00%	5.95%	5.88%	5.34%	0.00%
Net Operating Profit after Tax (NOPAT)	29	51	42	29	47	43	53	41	37	67
NOPAT Margin	16.33%	24.68%	22.64%	15.09%	22.41%	17.81%	23.54%	19.18%	17.66%	29.17%
Net Nonoperating Expense Percent (NNEP)	2.06%	-14.72%	-2.75%	-6.48%	10.66%	3.98%	-20.24%	25.76%	6.41%	2.82%
Return On Investment Capital (ROIC_SIMPLE)	-	2.08%	-	-	-	1.44%	-	-	-	1.49%
Cost of Revenue to Revenue	65.26%	60.97%	58.93%	74.59%	71.16%	67.49%	64.84%	71.18%	72.21%	68.12%
SG&A Expenses to Revenue	9.13%	6.87%	9.54%	9.15%	6.75%	7.73%	8.72%	8.46%	10.85%	8.49%
R&D to Revenue	0.70%	0.68%	0.70%	1.07%	0.67%	1.02%	0.70%	0.81%	0.86%	0.60%
Operating Expenses to Revenue	12.63%	24.33%	12.36%	12.97%	10.78%	11.12%	11.70%	12.33%	10.95%	10.61%
Earnings before Interest and Taxes (EBIT)	39	28	51	23	37	54	51	35	38	45
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	90	79	104	77	94	114	113	99	104	115
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.58	2.56	2.16	2.11	1.84	1.96	1.69	1.82	1.95	1.69
Price to Tangible Book Value (P/TBV)	3.36	3.32	2.67	2.58	2.23	2.37	2.12	2.27	2.41	2.08
Price to Revenue (P/Rev)	6.62	6.52	6.40	6.26	5.27	5.48	4.59	4.88	5.22	4.66
Price to Earnings (P/E)	71.38	72.68	61.59	53.30	39.21	36.53	29.72	32.76	39.21	33.10
Dividend Yield	0.56%	0.56%	0.57%	0.60%	0.69%	0.64%	0.73%	0.67%	0.62%	0.71%
Earnings Yield	1.40%	1.38%	1.62%	1.88%	2.55%	2.74%	3.36%	3.05%	2.55%	3.02%
Enterprise Value to Invested Capital (EV/IC)	2.42	2.38	2.19	2.08	1.74	1.86	1.63	1.71	1.81	1.40
Enterprise Value to Revenue (EV/Rev)	6.90	6.85	6.32	6.34	5.62	5.80	4.85	5.29	5.68	6.65
Enterprise Value to EBITDA (EV/EBITDA)	13.40	14.58	13.07	13.76	12.56	12.35	10.57	11.17	11.75	13.56
Enterprise Value to EBIT (EV/EBIT)	28.44	34.42	30.61	34.08	32.06	29.18	25.60	26.60	28.51	34.73
Enterprise Value to NOPAT (EV/NOPAT)	40.72	38.89	33.14	34.08	27.79	30.17	24.83	26.09	29.69	29.73
Enterprise Value to Operating Cash Flow (EV/OCF)	15.50	17.89	18.19	16.29	18.22	15.55	11.45	14.45	12.91	14.24
Enterprise Value to Free Cash Flow (EV/FCFF)	5.74	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.21	0.21	0.18	0.17	0.19	0.22	0.21	0.21	0.23	0.77
Long-Term Debt to Equity	0.21	0.21	0.18	0.17	0.18	0.17	0.17	0.17	0.19	0.73
Financial Leverage	0.22	-0.10	-0.14	-0.03	0.04	0.05	-0.03	0.03	0.08	0.35
Leverage Ratio	2.23	2.24	2.16	2.17	2.16	2.19	2.18	2.14	2.15	2.17
Compound Leverage Factor	1.57	1.03	1.77	1.75	1.73	2.00	1.68	1.20	1.41	1.53
Debt to Total Capital	17.36%	17.17%	15.22%	14.86%	15.93%	18.13%	17.40%	17.29%	18.39%	43.49%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	1.22%	4.01%	3.32%	3.30%	3.23%	2.21%
Long-Term Debt to Total Capital	17.36%	17.17%	15.22%	14.86%	14.71%	14.13%	14.07%	14.00%	15.16%	41.29%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	6.37%	6.65%	5.85%	5.73%	4.74%	4.55%	4.47%	4.49%	4.40%	2.99%
Common Equity to Total Capital	76.27%	76.18%	78.93%	79.41%	79.33%	77.32%	78.13%	78.22%	77.21%	53.52%
Debt to EBITDA	1.13	1.22	1.18	1.20	1.29	1.39	1.31	1.25	1.32	4.57
Net Debt to EBITDA	0.14	0.23	-0.62	-0.28	0.40	0.33	0.24	0.55	0.62	3.76
Long-Term Debt to EBITDA	1.13	1.22	1.18	1.20	1.19	1.09	1.06	1.01	1.09	4.34
Debt to NOPAT	3.45	3.26	3.00	2.98	2.85	3.41	3.09	2.92	3.34	10.01
Net Debt to NOPAT	0.41	0.61	-1.57	-0.71	0.89	0.81	0.57	1.28	1.56	8.23
Long-Term Debt to NOPAT	3.45	3.26	3.00	2.98	2.63	2.65	2.50	2.36	2.76	9.50
Altman Z-Score	1.54	1.51	1.52	1.53	1.34	1.40	1.18	1.24	1.28	1.16
Noncontrolling Interest Sharing Ratio	7.60%	7.82%	7.22%	7.23%	6.58%	6.67%	6.13%	6.07%	5.51%	5.42%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.28	1.33	2.07	1.79	0.95	1.20	1.12	0.97	0.95	0.91
Quick Ratio	0.79	0.75	1.57	1.25	0.57	0.84	0.71	0.49	0.51	0.52
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	772	-543	-457	-350	-461	-429	-405	-380	-195	-1,532
Operating Cash Flow to CapEx	62.76%	48.18%	52.82%	46.33%	21.83%	82.05%	111.44%	20.90%	96.97%	124.18%
Free Cash Flow to Firm to Interest Expense	34.46	-22.78	-19.32	-14.35	-18.39	-16.64	-13.07	-11.27	-5.60	-44.37
Operating Cash Flow to Interest Expense	4.06	3.13	2.39	3.04	1.59	5.39	3.72	0.91	3.06	4.59
Operating Cash Flow Less CapEx to Interest Expense	-2.41	-3.37	-2.13	-3.52	-5.68	-1.18	0.38	-3.44	-0.10	0.89
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.16	0.16	0.16	0.16	0.17	0.17	0.16	0.17	0.17	0.16
Accounts Receivable Turnover	4.57	4.86	4.39	4.38	4.33	4.00	4.50	4.46	4.15	3.76
Inventory Turnover	15.94	18.15	11.76	14.11	14.14	16.66	12.11	14.73	13.28	14.60
Fixed Asset Turnover	0.30	0.27	0.30	0.30	0.29	0.50	0.30	0.00	0.00	0.00
Accounts Payable Turnover	3.17	3.18	2.73	3.10	2.73	3.11	3.25	3.40	2.75	2.70
Days Sales Outstanding (DSO)	79.86	75.15	83.12	83.34	84.26	91.20	81.17	81.78	87.91	97.11
Days Inventory Outstanding (DIO)	22.90	20.11	31.03	25.87	25.81	21.91	30.13	24.78	27.48	24.99
Days Payable Outstanding (DPO)	115.02	114.76	133.70	117.81	133.87	117.47	112.18	107.51	132.67	134.94
Cash Conversion Cycle (CCC)	-12.26	-19.50	-19.55	-8.60	-23.79	-4.37	-0.88	-0.95	-17.29	-12.84
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,051	2,109	2,126	2,317	2,558	2,581	2,584	2,738	2,790	4,181
Invested Capital Turnover	0.30	0.41	0.39	0.36	0.34	0.35	0.37	0.35	0.33	0.26
Increase / (Decrease) in Invested Capital	-743	594	499	380	507	472	458	421	232	1,599
Enterprise Value (EV)	4,966	5,027	4,650	4,826	4,463	4,810	4,214	4,692	5,053	5,851
Market Capitalization	4,762	4,785	4,708	4,763	4,184	4,544	3,982	4,325	4,651	4,095
Book Value per Share	$33.01	$33.32	$38.94	$37.76	$37.82	$38.36	$38.95	$39.24	$39.51	$40.10
Tangible Book Value per Share	$25.35	$25.75	$31.49	$30.87	$31.11	$31.77	$31.09	$31.51	$31.89	$32.61
Total Capital	2,421	2,451	2,768	2,839	2,873	2,995	3,010	3,031	3,094	4,531
Total Debt	420	421	421	422	458	543	524	524	569	1,971
Total Long-Term Debt	420	421	421	422	423	423	424	424	469	1,871
Net Debt	50	78	-220	-100	143	130	97	231	266	1,620
Capital Expenditures (CapEx)	145	155	107	160	182	170	103	147	110	128
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-150	-114	-102	-93	-176	-59	-136	-78	-106	-157
Debt-free Net Working Capital (DFNWC)	103	113	420	303	11	229	163	86	71	49
Net Working Capital (NWC)	103	113	420	303	-24	109	63	-14	-29	-51
Net Nonoperating Expense (NNE)	8.90	30	8.48	4.88	10	4.14	12	17	13	25
Net Nonoperating Obligations (NNO)	50	78	-220	-100	143	130	97	231	266	1,620
Total Depreciation and Amortization (D&A)	50	51	53	54	57	60	62	64	67	70
Debt-free, Cash-free Net Working Capital to Revenue	-20.86%	-15.51%	-13.90%	-12.16%	-22.13%	-7.09%	-15.66%	-8.74%	-11.87%	-17.82%
Debt-free Net Working Capital to Revenue	14.30%	15.37%	57.09%	39.77%	1.34%	27.60%	18.77%	9.73%	7.99%	5.57%
Net Working Capital to Revenue	14.30%	15.37%	57.09%	39.77%	-3.07%	13.14%	7.25%	-1.55%	-3.24%	-5.79%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.32	$0.32	$0.51	$0.40	$0.59	$0.59	$0.64	$0.37	$0.37	$0.67
Adjusted Weighted Average Basic Shares Outstanding	56.00M	56.06M	56.71M	60.25M	60.30M	59.42M	60.39M	60.45M	60.48M	60.46M
Adjusted Diluted Earnings per Share	$0.32	$0.32	$0.51	$0.40	$0.59	$0.58	$0.64	$0.37	$0.36	$0.67
Adjusted Weighted Average Diluted Shares Outstanding	56.46M	56.50M	57.10M	60.63M	60.57M	59.76M	60.54M	60.76M	60.77M	60.79M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	56.05M	56.10M	59.71M	60.26M	60.35M	60.36M	60.42M	60.45M	60.48M	60.50M
Normalized Net Operating Profit after Tax (NOPAT)	29	21	42	17	28	43	37	26	25	34
Normalized NOPAT Margin	16.68%	10.30%	22.64%	8.70%	13.42%	17.81%	16.42%	12.31%	11.92%	14.89%
Pre Tax Income Margin	15.72%	6.30%	22.71%	9.53%	14.23%	20.24%	17.56%	9.18%	11.68%	13.75%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.75	1.18	2.17	0.94	1.47	2.08	1.65	1.03	1.08	1.30
NOPAT to Interest Expense	1.28	2.13	1.77	1.20	1.86	1.67	1.70	1.21	1.07	1.95
EBIT Less CapEx to Interest Expense	-4.72	-5.33	-2.35	-5.61	-5.79	-4.49	-1.69	-3.32	-2.07	-2.40
NOPAT Less CapEx to Interest Expense	-5.19	-4.38	-2.75	-5.35	-5.41	-4.91	-1.63	-3.14	-2.08	-1.75
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	41.45%	42.45%	36.90%	33.92%	54.67%	28.74%	27.82%	28.19%	8.22%	27.04%
Augmented Payout Ratio	63.95%	65.54%	36.90%	33.92%	54.67%	28.74%	27.82%	28.19%	8.22%	27.04%

Frequently Asked Questions About Ormat Technologies' Financials

When does Ormat Technologies's financial year end?

According to the most recent income statement we have on file, Ormat Technologies' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Ormat Technologies' net income changed over the last 9 years?

In the past 9 years, Ormat Technologies' net income has ranged from $76.08 million in 2021 to $147.11 million in 2017, and is currently $131.24 million as of their latest financial filing in 2024.

What is Ormat Technologies's operating income?

Ormat Technologies's total operating income in 2024 was $172.47 million, based on the following breakdown:

Total Gross Profit: $272.62 million
Total Operating Expenses: $100.15 million

How has Ormat Technologies revenue changed over the last 9 years?

Over the last 9 years, Ormat Technologies' total revenue changed from $594.64 million in 2015 to $879.65 million in 2024, a change of 47.9%.

How much debt does Ormat Technologies have?

Ormat Technologies' total liabilities were at $3.11 billion at the end of 2024, a 12.7% increase from 2023, and a 161.0% increase since 2015.

How much cash does Ormat Technologies have?

In the past 9 years, Ormat Technologies' cash and equivalents has ranged from $47.82 million in 2017 to $448.25 million in 2020, and is currently $94.40 million as of their latest financial filing in 2024.

How has Ormat Technologies' book value per share changed over the last 9 years?

Over the last 9 years, Ormat Technologies' book value per share changed from 20.19 in 2015 to 40.10 in 2024, a change of 98.6%.

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This page (NYSE:ORA) was last updated on 4/10/2025 by MarketBeat.com Staff

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