Ormat Technologies (ORA) Operating Margin (2009 - 2026)
Ormat Technologies' Operating Margin was 13.22% in Q2 2026, down 1.88 percentage points from 15.09% a year earlier and down 6.65 percentage points from the prior quarter.
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Analysis
Ormat Technologies (ORA) Operating Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Ormat Technologies' Operating Margin was 16.61% through Jun 30, 2026, down 2.25 percentage points year-over-year; for FY2025, it was 17.10%, down 2.51 percentage points from FY2024.
- Operating Margin has now declined for five consecutive years, with a five-year change of -13.24 percentage points (FY2020 to FY2025).
- In earlier years, Operating Margin was 19.61% in FY2024 (-0.48 pp), 20.08% in FY2023 (-0.73 pp), 20.81% in FY2022 (-4.73 pp) and 25.54% in FY2021 (-4.80 pp).
- The Q2 2026 figure marks the lowest quarterly Operating Margin since Q2 2023.
- Compared with a year earlier, Operating Margin has declined for eight straight quarters, with an average year-over-year change of -1.84 percentage points over the last eight quarters.
- The best year-over-year quarter for Operating Margin over five years was Q4 2023 (a gain of 6.68 percentage points); the worst was Q4 2022 (a drop of 14.02 percentage points).
- Per Business Quant data, ORA's Operating Margin in the three quarters before Q2 2026 was 19.87% (Q1 2026), 15.42% (Q4 2025) and 16.19% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Constellation Energy | 106.51 Bn | 97.41 Bn | - | 7.73% |
| 2 | Vistra | 54.68 Bn | 47.87 Bn | - | 13.77% |
| 3 | AXIA Energia | 33.19 Bn | 20.17 Bn | 2.59 Bn | 41.22% |
| 4 | Nrg Energy | 22.64 Bn | 16.86 Bn | 2.01 Bn | 13.05% |
| 5 | Talen Energy | 17.58 Bn | 15.14 Bn | - | -9.64% |
| 6 | Enlight Renewable Energy | 8.71 Bn | 5.26 Bn | 117.49 Mn | 54.78% |
| 7 | Brookfield Renewable Partners | 8.01 Bn | -17.15 Bn | 927.00 Mn | 24.62% |
| 8 | Oklo | 5.62 Bn | -1.21 Bn | - | -6,048.76% |
| 9 | Ormat Technologies | 5.60 Bn | 4.20 Bn | 68.70 Mn | 13.22% |
| 10 | Transalta | 3.93 Bn | 2.83 Bn | 313.03 Mn | 29.57% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 13.22% |
| Mar 31, 2026 | 19.87% |
| Dec 31, 2025 | 15.42% |
| Sep 30, 2025 | 16.19% |
| Jun 30, 2025 | 15.09% |
| Mar 31, 2025 | 22.16% |
| Dec 31, 2024 | 21.27% |
| Sep 30, 2024 | 16.84% |
| Jun 30, 2024 | 16.49% |
| Mar 31, 2024 | 23.46% |
| Dec 31, 2023 | 21.39% |
| Sep 30, 2023 | 18.06% |
| Jun 30, 2023 | 12.44% |
| Mar 31, 2023 | 28.70% |
| Dec 31, 2022 | 14.71% |
| Sep 30, 2022 | 22.11% |
| Jun 30, 2022 | 22.83% |
| Mar 31, 2022 | 24.54% |
| Dec 31, 2021 | 28.72% |
| Sep 30, 2021 | 22.66% |
API Access
Ormat Technologies Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=ORA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "ORA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=ORA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();