Ormat Technologies Inc (ORA)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 123,733 | 124,399 | 65,841 | 62,092 | 85,456 |
| Revenue | US$ in thousands | 879,654 | 829,424 | 734,159 | 663,084 | 705,342 |
| Net profit margin | 14.07% | 15.00% | 8.97% | 9.36% | 12.12% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $123,733K ÷ $879,654K
= 14.07%
Based on the data provided, Ormat Technologies Inc's net profit margin has shown some variation over the years. In 2020, the net profit margin was 12.12%, indicating that the company retained 12.12% of its total revenue as profit. The margin decreased to 9.36% in 2021, suggesting a decrease in profitability.
The trend continued in 2022, with the net profit margin further declining to 8.97%. However, there was a significant improvement in 2023, where the net profit margin increased to 15.00%, indicating a strong rebound in profitability for Ormat Technologies Inc.
In the most recent year, 2024, the net profit margin was 14.07%, showing a slight decrease from the previous year but still remaining relatively high. Overall, the company's net profit margin has shown some fluctuations, with both improvements and declines in profitability over the years.
Peer comparison
Dec 31, 2024