Ormat (ORA) Revenue & Revenue Breakdown


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Ormat Revenue Highlights


Latest Revenue (Y)

$829.42M

Latest Revenue (Q)

$212.96M

Main Segment (Y)

Electricity

Main Geography (Y)

KENYA

Ormat Revenue by Period


Ormat Revenue by Year

DateRevenueChange
2023-12-31$829.42M12.98%
2022-12-31$734.16M10.72%
2021-12-31$663.08M-5.99%
2020-12-31$705.34M-5.46%
2019-12-31$746.04M3.72%
2018-12-31$719.27M3.82%
2017-12-31$692.81M4.56%
2016-12-31$662.59M11.43%
2015-12-31$594.64M6.28%
2014-12-31$559.52M4.93%
2013-12-31$533.24M3.66%
2012-12-31$514.41M17.71%
2011-12-31$437.01M17.09%
2010-12-31$373.23M-10.12%
2009-12-31$415.24M20.42%
2008-12-31$344.83M16.53%
2007-12-31$295.92M10.03%
2006-12-31$268.94M13.00%
2005-12-31$237.99M8.56%
2004-12-31$219.23M83.55%
2003-12-31$119.44M39.49%
2002-12-31$85.63M78.71%
2001-12-31$47.91M-

Ormat generated $829.42M in revenue during NA 2023, up 12.98% compared to the previous quarter, and up 115.32% compared to the same period a year ago.

Ormat Revenue by Quarter

DateRevenueChange
2024-06-30$212.96M-5.00%
2024-03-31$224.17M-7.12%
2023-12-31$241.34M16.00%
2023-09-30$208.06M6.81%
2023-06-30$194.80M5.16%
2023-03-31$185.23M-9.86%
2022-12-31$205.49M16.83%
2022-09-30$175.88M4.03%
2022-06-30$169.08M-7.96%
2022-03-31$183.71M-3.81%
2021-12-31$190.99M20.24%
2021-09-30$158.84M8.13%
2021-06-30$146.90M-11.69%
2021-03-31$166.35M-7.26%
2020-12-31$179.38M12.86%
2020-09-30$158.95M-9.12%
2020-06-30$174.90M-8.96%
2020-03-31$192.11M-0.17%
2019-12-31$192.44M12.87%
2019-09-30$170.50M-7.37%
2019-06-30$184.06M-7.52%
2019-03-31$199.04M4.50%
2018-12-31$190.47M14.41%
2018-09-30$166.48M-6.63%
2018-06-30$178.30M-3.11%
2018-03-31$184.02M10.61%
2017-12-31$166.37M5.84%
2017-09-30$157.19M-12.37%
2017-06-30$179.36M-5.55%
2017-03-31$189.90M14.04%
2016-12-31$166.52M-9.80%
2016-09-30$184.62M15.49%
2016-06-30$159.86M5.45%
2016-03-31$151.59M-11.39%
2015-12-31$171.07M5.05%
2015-09-30$162.85M15.92%
2015-06-30$140.49M16.85%
2015-03-31$120.23M-19.44%
2014-12-31$149.24M6.42%
2014-09-30$140.24M9.90%
2014-06-30$127.60M-10.41%
2014-03-31$142.44M8.81%
2013-12-31$130.91M0.12%
2013-09-30$130.75M-14.36%
2013-06-30$152.68M25.44%
2013-03-31$121.71M4.85%
2012-12-31$116.08M-14.73%
2012-09-30$136.14M4.85%
2012-06-30$129.84M-1.90%
2012-03-31$132.35M6.96%
2011-12-31$123.73M11.63%
2011-09-30$110.84M5.95%
2011-06-30$104.61M6.95%
2011-03-31$97.82M5.37%
2010-12-31$92.83M-8.52%
2010-09-30$101.48M5.41%
2010-06-30$96.27M16.47%
2010-03-31$82.65M-13.26%
2009-12-31$95.29M-20.48%
2009-09-30$119.83M19.55%
2009-06-30$100.23M0.35%
2009-03-31$99.89M4.60%
2008-12-31$95.50M-4.24%
2008-09-30$99.73M24.31%
2008-06-30$80.22M15.61%
2008-03-31$69.39M-1.79%
2007-12-31$70.65M-

Ormat generated $212.96M in revenue during Q2 2024, up -5.00% compared to the previous quarter, and up 114.97% compared to the same period a year ago.

Ormat Revenue Breakdown


Ormat Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21Dec 20Dec 19
Energy Storage and Management Services$28.89M$31.02M$30.39M$15.82M$14.70M
Electricity$666.77M----
Product$133.76M$46.92M$148.13M$139.30M-

Ormat's latest annual revenue breakdown by segment (product or service), as of Dec 23: Electricity (80.39%), Product (16.13%), and Energy Storage and Management Services (3.48%).

Quarterly Revenue by Product

Product/ServiceSep 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Electricity$164.64M$191.25M$183.92M$157.21M$155.32M$170.31M$165.19M$152.82M$151.19M$162.53M$164.27M$142.65M$133.86M$144.99M$146.19M$123.66M$128.69M$142.86M$144.37M$123.98M
Product$162.60M$24.83M$60.47M$39.83M$33.46M$32.18M$45.70M$20.34M$66.60M$58.60M$37.10M$27.39M$49.50M$63.50M$96.50M$43.81M$167.40M---
Energy Storage and Management Services-$8.08M$6.99M$11.01M$6.01M$4.88M$8.12M$8.85M$7.49M$6.56M$6.38M$5.66M$5.63M$12.72M$5.80M$5.66M$2.51M$1.85M$4.26M-
Other Revenue-------------------$3.48M

Ormat's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Electricity (50.31%), and Product (49.69%).

Ormat Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 23Dec 22Dec 21Dec 20Dec 19
CHILE-$579.00K$7.04M$32.42M$25.54M
GUATEMALA$30.17M$28.83M$26.87M$27.39M$28.62M
HONDURAS$31.59M$33.84M$35.23M$35.20M$34.45M
INDONESIA$26.73M$15.63M$8.06M--
KENYA$109.22M$105.84M$102.84M$115.47M$121.66M
NEW ZEALAND$66.53M$17.13M$6.77M$34.98M$31.22M
Other Foreign Countries$52.89M$46.30M$33.45M$31.32M$37.66M
TURKEY-$1.96M$2.72M$65.53M$88.94M

Ormat's latest annual revenue breakdown by geography, as of Dec 23: KENYA (34.44%), NEW ZEALAND (20.98%), Other Foreign Countries (16.68%), HONDURAS (9.96%), GUATEMALA (9.51%), and INDONESIA (8.43%).

Quarterly Revenue by Country

CountrySep 24Mar 24Sep 23Jun 23Sep 19
Non-US$81.88M$71.39M$86.18M$80.32M-
UNITED STATES$129.91M$121.87M$114.48M$80.22M-
Foreign Countries----$90.28M

Ormat's latest quarterly revenue breakdown by geography, as of Sep 24: UNITED STATES (61.34%), and Non-US (38.66%).

Ormat Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
RNWReNew Energy Global$78.22B$15.99B
AZREAzure Power Global$20.75B$66.92M
BEPBrookfield Renewable Partners$5.13B$1.45B
BEPCBrookfield Renewable$3.97B$1.13B
FLNCFluence Energy$2.22B$623.14M
CWENClearway Energy$1.31B$486.00M
EEExcelerate Energy$1.16B$193.42B
AYAtlantica Sustainable Infrastructure$1.10B$242.93M
NEPNextEra Energy Partners, LP$1.08B$-603.00M
ORAOrmat$829.42M$212.96M
ENLTEnlight Renewable Energy$255.70M$89.59M
AMPSAltus Power$155.16M$58.68M
HLGNHeliogen$4.45M$1.05M

ORA Revenue FAQ


What is Ormat’s yearly revenue?

Ormat's yearly revenue for 2023 was $829.42M, representing an increase of 12.98% compared to 2022. The company's yearly revenue for 2022 was $734.16M, representing an increase of 10.72% compared to 2021. ORA's yearly revenue for 2021 was $663.08M, representing a decrease of -5.99% compared to 2020.

What is Ormat’s quarterly revenue?

Ormat's quarterly revenue for Q2 2024 was $212.96M, a -5.00% decrease from the previous quarter (Q1 2024), and a 9.33% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $224.17M, a -7.12% decrease from the previous quarter (Q4 2023), and a 21.02% increase year-over-year (Q1 2023). ORA's quarterly revenue for Q4 2023 was $241.34M, a 16.00% increase from the previous quarter (Q3 2023), and a 17.45% increase year-over-year (Q4 2022).

What is Ormat’s revenue growth rate?

Ormat's revenue growth rate for the last 3 years (2021-2023) was 25.09%, and for the last 5 years (2019-2023) was 11.18%.

What are Ormat’s revenue streams?

Ormat's revenue streams in c 23 are Energy Storage and Management Services, Electricity, and Product. Energy Storage and Management Services generated $28.89M in revenue, accounting 3.48% of the company's total revenue, down -6.85% year-over-year. Electricity generated $666.77M in revenue, accounting 80.39% of the company's total revenue Product generated $133.76M in revenue, accounting 16.13% of the company's total revenue, up 185.09% year-over-year.

What is Ormat’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Ormat was Electricity. This segment made a revenue of $666.77M, representing 80.39% of the company's total revenue.