Ormat Technologies Inc (ORA)

Net profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	124,399	106,714	89,371	76,440	65,841	66,705	63,497	65,263	62,092	63,885	64,662	74,682	85,456	77,364	77,290	88,182	88,095	93,709	88,685	54,404
Revenue (ttm)	US$ in thousands	1,330,609	1,267,824	1,230,814	1,203,225	1,203,635	1,199,629	1,177,737	1,145,542	1,097,638	959,486	850,275	775,709	705,342	718,402	729,954	739,119	746,044	744,067	740,048	734,282
Net profit margin		9.35%	8.42%	7.26%	6.35%	5.47%	5.56%	5.39%	5.70%	5.66%	6.66%	7.60%	9.63%	12.12%	10.77%	10.59%	11.93%	11.81%	12.59%	11.98%	7.41%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $124,399K ÷ $1,330,609K
= 9.35%

The net profit margin of Ormat Technologies Inc has shown a generally positive trend over the last eight quarters, indicating an improvement in the company's ability to convert revenue into profit. The margin increased from 8.97% in Q4 2022 to 15.00% in Q4 2023, peaking in the most recent quarter. This steady improvement suggests that Ormat Technologies has been effectively managing its expenses and operating efficiently. The company's ability to maintain a double-digit net profit margin in most quarters also indicates sustainable profitability. Overall, Ormat Technologies' net profit margin performance reflects positive financial health and effective cost management strategies.