Ormat Technologies Inc (ORA)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 272,619 | 264,018 | 268,824 | 264,338 | 276,275 |
| Revenue | US$ in thousands | 879,654 | 829,424 | 734,159 | 663,084 | 705,342 |
| Gross profit margin | 30.99% | 31.83% | 36.62% | 39.86% | 39.17% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $272,619K ÷ $879,654K
= 30.99%
The gross profit margin of Ormat Technologies Inc has shown some fluctuation over the years. Starting at 39.17% in December 2020, it increased slightly to 39.86% in December 2021. However, there was a significant decrease in December 2022 to 36.62%, followed by a further decline to 31.83% in December 2023. The trend continued with a lower gross profit margin of 30.99% in December 2024. This declining trend indicates potential challenges in maintaining profitability or managing costs efficiently over the years. Further analysis would be necessary to understand the factors contributing to these fluctuations and to develop strategies to improve the company's gross profit margin going forward.
Peer comparison
Dec 31, 2024