ORMAT TECHNOLOGIES, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $989.5M | $879.7M | $829.4M | $734.2M | $663.1M | $705.3M | $746.0M | $719.3M |
| Cost of Revenue | $716.9M | $607.0M | $565.4M | $465.3M | $398.7M | $429.1M | $476.7M | $448.8M |
| Gross Profit | $272.7M | $272.6M | $264.0M | $268.8M | $264.3M | $276.3M | $269.3M | $270.4M |
| Gross Margin | 27.6% | 31.0% | 31.8% | 36.6% | 39.9% | 39.2% | 36.1% | 37.6% |
| Operating Expenses | ||||||||
| Research & Development | $6.3M | $6.5M | $7.2M | $5.1M | $4.1M | $5.4M | $4.6M | $4.2M |
| SG&A Expense | $79.6M | $80.1M | $68.2M | $61.3M | $75.9M | $60.2M | $55.8M | $47.8M |
| Operating Income | $169.2M | $172.5M | $166.6M | $152.8M | $169.4M | $214.0M | $193.8M | $185.1M |
| Operating Margin | 17.1% | 19.6% | 20.1% | 20.8% | 25.5% | 30.3% | 26.0% | 25.7% |
| Interest Expense | — | — | $98.9M | $87.7M | $82.7M | $78.0M | $80.4M | $70.9M |
| Pretax Income | $105.7M | $115.4M | $139.1M | $95.6M | $103.6M | $168.7M | $137.3M | $137.2M |
| Income Tax Expense | $-20.3M | $-16.3M | $6.0M | $14.7M | $24.9M | $67.0M | $45.6M | $34.7M |
| Net Income | $123.9M | $123.7M | $124.4M | $65.8M | $62.1M | $85.5M | $88.1M | $98.0M |
| Net Margin | 12.5% | 14.1% | 15.0% | 9.0% | 9.4% | 12.1% | 11.8% | 13.6% |
| EPS (Basic) | $2.04 | $2.05 | $2.09 | $1.17 | $1.11 | $1.66 | $1.73 | $1.93 |
| EPS (Diluted) | $2.02 | $2.04 | $2.08 | $1.17 | $1.10 | $1.65 | $1.72 | $1.92 |
| Shares Outstanding (Basic) | 60.7M | 60.5M | 59.4M | 56.1M | 56.0M | 51.6M | 50.9M | 50.6M |
| Shares Outstanding (Diluted) | 61.4M | 60.8M | 59.8M | 56.5M | 56.4M | 51.9M | 51.2M | 51.0M |
| Dividends Per Share | $0.48 | $0.48 | $0.48 | $0.48 | $0.48 | $0.44 | $0.44 | $0.53 |