Ormat Technologies Inc (ORA)
Gross profit margin
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Gross profit | US$ in thousands | 264,018 | 268,824 | 264,338 | 276,275 | 269,323 |
Revenue | US$ in thousands | 1,330,450 | 1,202,510 | 1,097,640 | 705,342 | 746,044 |
Gross profit margin | 19.84% | 22.36% | 24.08% | 39.17% | 36.10% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $264,018K ÷ $1,330,450K
= 19.84%
The gross profit margin of Ormat Technologies Inc has shown a declining trend over the past five years, decreasing from 36.10% in 2019 to 31.83% in 2023. This indicates that the company's ability to generate profit from its core operations has weakened over time. Factors such as increased costs of sales relative to revenue or pricing pressure may have contributed to this decline. It is essential for the company to closely monitor and address the factors affecting its gross profit margin to ensure sustainable profitability in the future.
Peer comparison
Dec 31, 2023
Company name
Symbol
Gross profit margin
Ormat Technologies Inc
ORA
19.84%
American Electric Power Company Inc
AEP
92.44%
Black Hills Corporation
BKH
96.93%
CenterPoint Energy Inc
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90.70%
Clearway Energy Inc Class C
CWEN
64.00%
Constellation Energy Corp
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21.82%
Dominion Energy Inc
D
73.34%
DTE Energy Company
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-10.71%
Edison International
EIX
99.71%
Entergy Corporation
ETR
74.33%
Eversource Energy
ES
53.50%