Ormat Technologies Inc (ORA)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 124,399 | 65,841 | 62,092 | 85,456 | 88,095 |
| Revenue | US$ in thousands | 1,330,450 | 1,202,510 | 1,097,640 | 705,342 | 746,044 |
| Net profit margin | 9.35% | 5.48% | 5.66% | 12.12% | 11.81% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $124,399K ÷ $1,330,450K
= 9.35%
The net profit margin of Ormat Technologies Inc has exhibited some fluctuations over the past five years. The company's net profit margin was 15.00% in 2023, which represents a noticeable improvement compared to the preceding year. In 2022, the net profit margin stood at 8.97%, reflecting a decrease from the prior year's figure of 9.36%. The net profit margin in 2020 was 12.12%, a slight decline from the 2019 margin of 11.81%. Overall, Ormat Technologies Inc has shown varying levels of profitability over the years, indicating the need for further analysis to assess the factors influencing these fluctuations.
Peer comparison
Dec 31, 2023