Ormat Technologies Inc (ORA)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	130,382	95,731	92,749	89,904	80,583	105,752	97,365	97,269	86,942	94,936	109,026	126,544	152,459	148,116	142,307	137,904	133,708	145,231	131,765	130,118
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
Pretax margin		9.80%	7.55%	7.54%	7.47%	6.69%	8.82%	8.27%	8.49%	7.92%	9.89%	12.82%	16.31%	21.61%	20.62%	19.50%	18.66%	17.92%	19.52%	17.80%	17.72%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $130,382K ÷ $1,330,609K
= 9.80%

Ormat Technologies Inc's pretax margin has shown fluctuations over the past eight quarters. The pretax margin has ranged from a low of 12.60% in Q4 2022 to a high of 16.77% in Q4 2023. Despite some variability, the pretax margin has generally remained within a relatively narrow range between 13% and 17% over this period. This indicates that the company has been able to effectively manage its operating expenses and generate consistent earnings before taxes relative to its revenue. Further analysis would be needed to determine the specific factors driving the changes in pretax margin and to assess the overall financial health and efficiency of Ormat Technologies Inc.