Ormat Technologies, Inc. (ORA) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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Revenue Growth Metrics
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 February 28, 2026, Ormat Technologies, Inc. (ORA) generated trailing twelve-month (TTM) revenue of $989.5 million, reflecting strong growth of +19.6% year-over-year. The most recent quarter (Q4 2025) recorded $276.0 million in revenue, up 10.5% 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 ENLT (+21.8% YoY), RNW (+50.5% YoY), and SUUN (-25.3% YoY), ORA has underperformed the peer group in terms of revenue growth. Compare ORA vs ENLT →
Peer Comparison
Compare ORA's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| ORACurrent | $990M | +19.6% | +7.0% | 18.5% | |
| ENLT | $1.7B | +21.8% | +88.6% | 46.6% | |
| RNW | $97.1B | +50.5% | +14.9% | 53.5% | |
| SUUN | $42M | -25.3% | - | -20.3% | |
| WAVE | $168,000 | -45.1% | - | -1391.7% |
Historical Revenue Data
| 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 ComparisonFrequently Asked Questions
Is ORA's revenue growth accelerating or slowing?
ORA revenue is accelerating at +19.6% year-over-year, exceeding the 5-year CAGR of +7.0%. TTM revenue reached $990M. 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 +19.6% 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.