Ormat Technologies

Ormat Technologies, Inc. engages in the geothermal and recovered energy power business worldwide. The Company operates in two segments, Electricity and Product. The Electricity segment develops, builds, owns, and operates geothermal and recovered energy-based power plants; and sells electricity. The Product segment designs, manufactures, and sells equipment for geothermal and recovered energy-based electricity generation, including fossil fuel powered turbo-generators and heavy duty direct-current generators. It also provides services relating to the engineering, procurement, construction, operation, and maintenance of geothermal and recovered energy-based power plants. This segment serves contractors; and owners and operators of geothermal power plants, interstate natural gas pipelines, gas processing plants, and cement plants, as well as companies in other energy-intensive industrial processes. Ormat Technologies, Inc. is a subsidiary of Ormat Industries Ltd.

Company Growth (employees)
Reno, US
Size (employees)
1,180 (est)
Ormat Technologies was founded in 1965 and is headquartered in Reno, US

Ormat Technologies Office Locations

Ormat Technologies has an office in Reno
Reno, US (HQ)
6225 Neil Rd
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Ormat Technologies Financials and Metrics

Ormat Technologies Financials

Ormat Technologies's revenue was reported to be $662.6 m in FY, 2016

Revenue (Q3, 2017)

157.2 b

Net income (Q3, 2017)

22.8 b

EBIT (Q3, 2017)

44 b

Market capitalization (22-Dec-2017)

3.2 b

Cash (30-Sep-2017)

77.2 m
Ormat Technologies's current market capitalization is $3.2 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016


533.2 m559.5 m594.6 m662.6 m

Revenue growth, %


Cost of goods sold

373.4 m355.8 m376.4 m391.8 m

Gross profit

159.8 m203.8 m218.3 m270.8 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017


130.7 m142.4 m127.6 m140.2 m120.2 m140.5 m162.9 m151.6 m160 b185 b190 b179 b157.2 b

Cost of goods sold

91 m89 m87.6 m84.8 m76.2 m89.7 m103.5 m87.7 m94.1 b110 b115 b109 b

Gross profit

39.8 m53.5 m40 m55.5 m44 m50.8 m59.3 m63.9 m65.9 b75 b75 b70 b

Gross profit Margin, %

USDFY, 2013FY, 2014FY, 2015FY, 2016


57.4 m40.2 m185.9 m230.2 m


22.3 m16.9 m18.1 m12 m

Current Assets

289.3 m273.9 m375.1 m472.8 m


1.5 b1.4 b1.6 b1.6 b
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017


35.4 m47.9 m80.1 m42.5 m70.7 m137.7 m171.5 m148.5 m192.6 m90.1 m174.1 m118.4 m77.2 m


20.4 m22.7 m18.3 m17.3 m17.3 m16.4 m16.6 m16.8 m16.7 m13 m17.8 m18.6 m18.7 m

Current Assets

299.1 m292.6 m306.8 m327.4 m307.1 m369.5 m370.7 m379.6 m380.2 m309.4 m428.7 m387.2 m332.2 m


1.4 b1.5 b1.5 b1.5 b1.5 b1.5 b1.6 b1.6 b1.6 b1.6 b1.5 b1.5 b
    USDFY, 2013FY, 2014FY, 2015FY, 2016

    Net Income

    55 m123.3 m101.5 m

    Depreciation and Amortization

    100.8 m107.2 m106 m


    5.4 m(1.1 m)6.3 m

    Accounts Payable

    (9.6 m)(339 k)(1.4 m)
    USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

    Net Income

    13.1 m21.8 m9.3 m16.8 m10.3 m25.5 m99.2 m30.9 m55.9 m70.3 m39.7 m78 m22.8 b

    Depreciation and Amortization

    52.6 m80.5 m26.2 m51.3 m77.6 m27.1 m54.1 m


    18.3 m17.3 m17.3 m529 k335 k1.3 m1.4 m5.3 m(5.8 m)(103 k)18.7 m

    Accounts Payable

    79.8 m78.4 m83.7 m(2.6 m)(21.9 m)(4.8 m)1.8 m10.5 m681 k(4.6 m)103.3 m
      USDY, 2017


      133.2 m

      Financial Leverage

      2 x
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