Ormat Technologies Inc (ORA)

Pretax margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	115,377	132,509	137,380	136,384	139,085	103,187	101,226	105,304	95,608	124,878	119,415	115,636	103,551	106,303	123,702	140,222	168,717	164,830	148,882	144,970
Revenue (ttm)	US$ in thousands	879,654	890,253	886,525	868,358	829,424	793,570	761,399	735,681	734,159	719,662	702,619	680,442	663,084	651,477	651,582	679,581	705,342	718,402	729,954	739,119
Pretax margin		13.12%	14.88%	15.50%	15.71%	16.77%	13.00%	13.29%	14.31%	13.02%	17.35%	17.00%	16.99%	15.62%	16.32%	18.98%	20.63%	23.92%	22.94%	20.40%	19.61%

December 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $115,377K ÷ $879,654K
= 13.12%

Ormat Technologies Inc's pretax margin has shown fluctuations over the past few years. The trend indicates a general decline from around 20% in early 2020 to approximately 13% by the end of 2024. There was a peak in pretax margin in December 2020 at 23.92%, followed by a gradual decrease over the subsequent years.

Although there were some fluctuations in the pretax margin, the company has generally maintained a pretax margin above 15%, indicating a reasonable level of profitability before taxes. However, the decreasing trend in recent periods may suggest potential challenges in maintaining profitability levels or controlling costs effectively.

It would be advisable for Ormat Technologies Inc to closely monitor its cost structures, revenue streams, and overall financial performance to ensure sustainable profitability in the future. Additional analysis of the underlying factors driving the changes in pretax margin could provide valuable insights for strategic decision-making and financial management within the company.