Ormat Technologies, Inc. (ORA) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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ORA Revenue Growth
Revenue Breakdown (FY 2025)
ORA's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
ORA Revenue Analysis (2014–2025)
As of May 8, 2026, Ormat Technologies, Inc. (ORA) generated trailing twelve-month (TTM) revenue of $1.16 billion, reflecting explosive growth of +75.8% year-over-year. The most recent quarter (Q1 2026) recorded $403.9 million in revenue, up 46.3% sequentially.
Looking at the longer-term picture, ORA's 5-year compound annual growth rate (CAGR) stands at +7.0%, indicating steady revenue expansion. The company achieved its highest annual revenue of $989.5 million in 2025, representing a new all-time high.
Revenue diversification analysis shows ORA's business is primarily driven by Electricity (76%), and Product (24%). With over half of revenue concentrated in Electricity, the company maintains significant focus in this area while developing other growth vectors.
When compared to Utilities sector peers including BEP (+9.4% YoY), CWEN (+4.2% YoY), and NEE (+10.5% YoY), ORA has outperformed the peer group in terms of revenue growth. Compare ORA vs BEP →
ORA Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| ORACurrent | $1.2B | +75.8% | +7.0% | 18.5% | |
 BEP | $6.5B | +9.4% | +11.3% | 13.4% | |
 CWEN | $1.4B | +4.2% | +3.6% | 12.3% | |
 NEE | $27.5B | +10.5% | +8.8% | 30.1% | |
 AES | $12.2B | +3.0% | +4.8% | 16.1% | |
 BKV | $896M | +60.1% | +48.9% | 17.8% |
ORA Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $989.5M | +12.5% | $272.7M | 27.6% | $182.7M | 18.5% |
| 2024 | $879.7M | +6.1% | $272.6M | 31.0% | $172.5M | 19.6% |
| 2023 | $829.4M | +13.0% | $264.0M | 31.8% | $166.6M | 20.1% |
| 2022 | $734.2M | +10.7% | $268.8M | 36.6% | $152.8M | 20.8% |
| 2021 | $663.1M | -6.0% | $264.3M | 39.9% | $169.4M | 25.5% |
| 2020 | $705.3M | -5.5% | $276.3M | 39.2% | $214.0M | 30.3% |
| 2019 | $746.0M | +3.7% | $269.3M | 36.1% | $193.8M | 26.0% |
| 2018 | $719.3M | +3.8% | $270.4M | 37.6% | $185.1M | 25.7% |
| 2017 | $692.8M | +4.6% | $268.5M | 38.7% | $205.0M | 29.6% |
| 2016 | $662.6M | +11.4% | $270.8M | 40.9% | $201.9M | 30.5% |
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Start ComparisonORA — Frequently Asked Questions
Quick answers to the most common questions about buying ORA stock.
Is ORA's revenue growth accelerating or slowing?
ORA revenue is accelerating at +75.8% year-over-year, exceeding the 5-year CAGR of +7.0%. TTM revenue reached $1.2B. Growth momentum has increased versus prior periods.
What is ORA's long-term revenue growth rate?
Ormat Technologies, Inc.'s 5-year revenue CAGR of +7.0% reflects the sustained expansion pattern. Current YoY growth of +75.8% is above this long-term average.
How is ORA's revenue distributed by segment?
ORA reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.