Ormat (ORA) Revenue & Revenue Breakdown
Ormat Revenue Highlights
Latest Revenue (Y)
$829.42M
Latest Revenue (Q)
$224.17M
Main Segment (Y)
Electricity
Main Geography (Y)
KENYA
Ormat Revenue by Period
Ormat Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $829.42M | 12.98% |
| 2022-12-31 | $734.16M | 10.72% |
| 2021-12-31 | $663.08M | -5.99% |
| 2020-12-31 | $705.34M | -5.46% |
| 2019-12-31 | $746.04M | 3.72% |
| 2018-12-31 | $719.27M | 3.82% |
| 2017-12-31 | $692.81M | 4.56% |
| 2016-12-31 | $662.59M | 11.43% |
| 2015-12-31 | $594.64M | 6.28% |
| 2014-12-31 | $559.52M | 4.93% |
| 2013-12-31 | $533.24M | 3.66% |
| 2012-12-31 | $514.41M | 17.71% |
| 2011-12-31 | $437.01M | 17.09% |
| 2010-12-31 | $373.23M | -10.12% |
| 2009-12-31 | $415.24M | 20.42% |
| 2008-12-31 | $344.83M | 16.53% |
| 2007-12-31 | $295.92M | 10.03% |
| 2006-12-31 | $268.94M | 13.00% |
| 2005-12-31 | $237.99M | 8.56% |
| 2004-12-31 | $219.23M | 83.55% |
| 2003-12-31 | $119.44M | 39.49% |
| 2002-12-31 | $85.63M | 78.71% |
| 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
| Date | Revenue | Change |
|---|---|---|
| 2024-03-31 | $224.17M | -7.12% |
| 2023-12-31 | $241.34M | 16.00% |
| 2023-09-30 | $208.06M | 6.81% |
| 2023-06-30 | $194.80M | 5.16% |
| 2023-03-31 | $185.23M | -9.86% |
| 2022-12-31 | $205.49M | 16.83% |
| 2022-09-30 | $175.88M | 4.03% |
| 2022-06-30 | $169.08M | -7.96% |
| 2022-03-31 | $183.71M | -3.81% |
| 2021-12-31 | $190.99M | 20.24% |
| 2021-09-30 | $158.84M | 8.13% |
| 2021-06-30 | $146.90M | -11.69% |
| 2021-03-31 | $166.35M | -7.26% |
| 2020-12-31 | $179.38M | 12.86% |
| 2020-09-30 | $158.95M | -9.12% |
| 2020-06-30 | $174.90M | -8.96% |
| 2020-03-31 | $192.11M | -0.17% |
| 2019-12-31 | $192.44M | 12.87% |
| 2019-09-30 | $170.50M | -7.37% |
| 2019-06-30 | $184.06M | -7.52% |
| 2019-03-31 | $199.04M | 4.50% |
| 2018-12-31 | $190.47M | 14.41% |
| 2018-09-30 | $166.48M | -6.63% |
| 2018-06-30 | $178.30M | -3.11% |
| 2018-03-31 | $184.02M | 10.61% |
| 2017-12-31 | $166.37M | 5.84% |
| 2017-09-30 | $157.19M | -12.37% |
| 2017-06-30 | $179.36M | -5.55% |
| 2017-03-31 | $189.90M | 14.04% |
| 2016-12-31 | $166.52M | -9.80% |
| 2016-09-30 | $184.62M | 15.49% |
| 2016-06-30 | $159.86M | 5.45% |
| 2016-03-31 | $151.59M | -11.39% |
| 2015-12-31 | $171.07M | 5.05% |
| 2015-09-30 | $162.85M | 15.92% |
| 2015-06-30 | $140.49M | 16.85% |
| 2015-03-31 | $120.23M | -19.44% |
| 2014-12-31 | $149.24M | 6.42% |
| 2014-09-30 | $140.24M | 9.90% |
| 2014-06-30 | $127.60M | -10.41% |
| 2014-03-31 | $142.44M | 8.81% |
| 2013-12-31 | $130.91M | 0.12% |
| 2013-09-30 | $130.75M | -14.36% |
| 2013-06-30 | $152.68M | 25.44% |
| 2013-03-31 | $121.71M | 4.85% |
| 2012-12-31 | $116.08M | -14.73% |
| 2012-09-30 | $136.14M | 4.85% |
| 2012-06-30 | $129.84M | -1.90% |
| 2012-03-31 | $132.35M | 6.96% |
| 2011-12-31 | $123.73M | 11.63% |
| 2011-09-30 | $110.84M | 5.95% |
| 2011-06-30 | $104.61M | 6.95% |
| 2011-03-31 | $97.82M | 5.37% |
| 2010-12-31 | $92.83M | -8.52% |
| 2010-09-30 | $101.48M | 5.41% |
| 2010-06-30 | $96.27M | 16.47% |
| 2010-03-31 | $82.65M | -13.26% |
| 2009-12-31 | $95.29M | -20.48% |
| 2009-09-30 | $119.83M | 19.55% |
| 2009-06-30 | $100.23M | 0.35% |
| 2009-03-31 | $99.89M | 4.60% |
| 2008-12-31 | $95.50M | -4.24% |
| 2008-09-30 | $99.73M | 24.31% |
| 2008-06-30 | $80.22M | 15.61% |
| 2008-03-31 | $69.39M | -1.79% |
| 2007-12-31 | $70.65M | - |
Ormat generated $224.17M in revenue during Q1 2024, up -7.12% compared to the previous quarter, and up 109.09% compared to the same period a year ago.
Ormat Revenue Breakdown
Ormat Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Product | $133.76M | $46.92M | $148.13M | $139.30M | - |
| Electricity | $666.77M | - | - | - | - |
| Energy Storage and Management Services | $28.89M | $31.02M | $30.39M | $15.82M | $14.70M |
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/Service | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | - | - |
| Product | $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 | $182.30M | - | - | - |
| Electricity | $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 | $129.08M |
| Other Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $3.48M | $2.96M |
Ormat's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Electricity (85.32%), Product (11.08%), and Energy Storage and Management Services (3.60%).
Ormat Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| HONDURAS | $31.59M | $33.84M | $35.23M | $35.20M | $34.45M |
| Other Foreign Countries | $52.89M | $46.30M | $33.45M | $31.32M | $37.66M |
| NEW ZEALAND | $66.53M | $17.13M | $6.77M | $34.98M | $31.22M |
| KENYA | $109.22M | $105.84M | $102.84M | $115.47M | $121.66M |
| INDONESIA | $26.73M | $15.63M | $8.06M | - | - |
| CHILE | - | $579.00K | $7.04M | $32.42M | $25.54M |
| GUATEMALA | $30.17M | $28.83M | $26.87M | $27.39M | $28.62M |
| 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
| Country | Mar 24 | Sep 23 | Jun 23 | Sep 19 |
|---|---|---|---|---|
| Non-US | $71.39M | $86.18M | $80.32M | - |
| UNITED STATES | - | $121.87M | $114.48M | $80.22M |
| Foreign Countries | - | - | - | $90.28M |
Ormat's latest quarterly revenue breakdown by geography, as of Mar 24: Non-US (100.00%).
Ormat Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| RNW | ReNew Energy Global | $78.22B | $15.99B |
| AZRE | Azure Power Global | $20.75B | $66.92M |
| BEP | Brookfield Renewable Partners | $5.13B | $1.45B |
| BEPC | Brookfield Renewable | $3.97B | $1.13B |
| FLNC | Fluence Energy | $2.22B | $623.14M |
| CWEN | Clearway Energy | $1.31B | $366.00M |
| EE | Excelerate Energy | $1.16B | $200.11M |
| AY | Atlantica Sustainable Infrastructure | $1.10B | $242.93M |
| NEP | NextEra Energy Partners, LP | $1.08B | $360.00M |
| ORA | Ormat | $829.42M | $224.17M |
| ENLT | Enlight Renewable Energy | $255.70M | $89.59M |
| AMPS | Altus Power | $155.16M | $52.46M |
| HLGN | Heliogen | $4.45M | $2.26M |
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 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). The company'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). ORA's quarterly revenue for Q3 2023 was $208.06M, a 6.81% increase from the previous quarter (Q2 2023), and a 18.29% increase year-over-year (Q3 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 Product, Electricity, and Energy Storage and Management Services. Product generated $133.76M in revenue, accounting 16.13% of the company's total revenue, up 185.09% year-over-year. Electricity generated $666.77M in revenue, accounting 80.39% of the company's total revenue 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.
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.