Ormat Technologies Inc (ORA)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 115,377 | 139,085 | 95,609 | 103,551 | 168,717 |
| Revenue | US$ in thousands | 879,654 | 829,424 | 734,159 | 663,084 | 705,342 |
| Pretax margin | 13.12% | 16.77% | 13.02% | 15.62% | 23.92% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $115,377K ÷ $879,654K
= 13.12%
The pretax margin of Ormat Technologies Inc has shown some fluctuations over the years according to the provided data. In December 31, 2020, the pretax margin stood at 23.92%, indicating a strong performance in generating profits before taxes relative to its total revenue. However, there was a decline in pretax margin to 15.62% by December 31, 2021, signaling a decrease in profitability efficiency.
Further, by December 31, 2022, the pretax margin continued to decrease to 13.02%, suggesting potential challenges in maintaining profitability levels. Despite this, there was a slight improvement in the pretax margin to 16.77% by December 31, 2023, indicating a positive trend towards better profit generation efficiency.
Nevertheless, the pretax margin declined once again to 13.12% by December 31, 2024, highlighting ongoing fluctuations in Ormat Technologies Inc's ability to generate profits before accounting for taxes. Overall, these changes in the pretax margin reflect the company's varying levels of profitability performance over the years, which could be influenced by factors such as operational efficiency, cost management, and revenue generation strategies.
Peer comparison
Dec 31, 2024