Ormat Technologies Inc (ORA)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Gross profit (ttm)	US$ in thousands	272,619	277,514	278,655	266,759	264,018	265,772	266,877	274,988	268,824	264,190	266,222	260,596	264,338	263,803	254,693	268,104	276,275	275,736	277,201	276,962
Revenue (ttm)	US$ in thousands	879,654	890,253	886,525	868,358	829,424	793,570	761,399	735,681	734,159	719,662	702,619	680,442	663,084	651,477	651,582	679,581	705,342	718,402	729,954	739,119
Gross profit margin		30.99%	31.17%	31.43%	30.72%	31.83%	33.49%	35.05%	37.38%	36.62%	36.71%	37.89%	38.30%	39.86%	40.49%	39.09%	39.45%	39.17%	38.38%	37.98%	37.47%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $272,619K ÷ $879,654K
= 30.99%

Ormat Technologies Inc's gross profit margin has exhibited fluctuations over the period from March 31, 2020, to December 31, 2024. The margin started at 37.47% in March 2020 and experienced steady growth, reaching a peak of 40.49% in September 2021. However, from that point onwards, the gross profit margin began to decline gradually.

By March 31, 2024, the gross profit margin had decreased to 30.72%, showing a significant drop from its peak. This downward trend continued through the rest of 2024, ending the year at 30.99% as of December 31, 2024.

The fluctuations in Ormat Technologies Inc's gross profit margin suggest varying levels of efficiency in managing production costs and generating revenues from its core operations. It would be important for the company to assess the factors contributing to the decline in the margin and take necessary steps to improve profitability in the future.