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