Ormat Technologies Inc (ORA) - Net Assets
Based on the latest financial reports, Ormat Technologies Inc (ORA) has net assets worth $2.72 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($6.77 Billion) and total liabilities ($4.05 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check ORA tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.72 Billion |
| % of Total Assets | 40.14% |
| Annual Growth Rate | 21.85% |
| 5-Year Change | 34.04% |
| 10-Year Change | 130.02% |
| Growth Volatility | 62.93 |
Ormat Technologies Inc - Net Assets Trend (2002–2025)
This chart illustrates how Ormat Technologies Inc's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Ormat Technologies Inc to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Ormat Technologies Inc (2002–2025)
The table below shows the annual net assets of Ormat Technologies Inc from 2002 to 2025. For live valuation and market cap data, see ORA market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $2.69 Billion | +5.11% |
| 2024-12-31 | $2.56 Billion | +4.44% |
| 2023-12-31 | $2.45 Billion | +20.73% |
| 2022-12-31 | $2.03 Billion | +1.13% |
| 2021-12-31 | $2.01 Billion | +2.90% |
| 2020-12-31 | $1.95 Billion | +28.76% |
| 2019-12-31 | $1.52 Billion | +4.87% |
| 2018-12-31 | $1.45 Billion | +12.66% |
| 2017-12-31 | $1.28 Billion | +9.63% |
| 2016-12-31 | $1.17 Billion | +7.95% |
| 2015-12-31 | $1.08 Billion | +37.77% |
| 2014-12-31 | $786.75 Million | +5.59% |
| 2013-12-31 | $745.11 Million | +6.21% |
| 2012-12-31 | $701.56 Million | -22.62% |
| 2011-12-31 | $906.64 Million | -4.08% |
| 2010-12-31 | $945.23 Million | +3.68% |
| 2009-12-31 | $911.70 Million | -5.39% |
| 2008-12-31 | $963.67 Million | +41.00% |
| 2007-12-31 | $683.47 Million | +55.03% |
| 2006-12-31 | $440.86 Million | +141.80% |
| 2005-12-31 | $182.32 Million | +8.54% |
| 2004-12-31 | $167.98 Million | +284.94% |
| 2003-12-31 | $43.64 Million | +52.77% |
| 2002-12-31 | $28.56 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ormat Technologies Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 4653.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $909.34 Million | 35.75% |
| Common Stock | $61.00K | 0.00% |
| Other Comprehensive Income | $-2.13 Million | -0.08% |
| Other Components | $1.64 Billion | 64.34% |
| Total Equity | $2.54 Billion | 100.00% |
Ormat Technologies Inc Competitors by Market Cap
The table below lists competitors of Ormat Technologies Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SpareBank 1 Sør-Norge ASA
OL:SB1NO
|
$7.48 Billion |
|
Merlin Properties SOCIMI SA
MC:MRL
|
$7.48 Billion |
|
Glaukos Corp
NYSE:GKOS
|
$7.48 Billion |
|
Indutrade AB
ST:INDT
|
$7.48 Billion |
|
Krafton Inc
KO:259960
|
$7.47 Billion |
|
Pearson plc
F:PESA
|
$7.47 Billion |
|
Pandora A/S
CO:PNDORA
|
$7.46 Billion |
|
Zhuzhou CRRC Times Electric Co Ltd
SHG:688187
|
$7.45 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ormat Technologies Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,425,129,000 to 2,543,943,000, a change of 118,814,000 (4.9%).
- Net income of 123,898,000 contributed positively to equity growth.
- Dividend payments of 29,072,000 reduced retained earnings.
- Other comprehensive income increased equity by 4,599,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $123.90 Million | +4.87% |
| Dividends Paid | $29.07 Million | -1.14% |
| Other Comprehensive Income | $4.60 Million | +0.18% |
| Other Changes | $19.39 Million | +0.76% |
| Total Change | $- | 4.90% |
Book Value vs Market Value Analysis
This analysis compares Ormat Technologies Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.04x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 112.47x to 3.04x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | $1.12 | $126.12 | x |
| 2003-12-31 | $1.79 | $126.12 | x |
| 2004-12-31 | $5.45 | $126.12 | x |
| 2005-12-31 | $5.77 | $126.12 | x |
| 2006-12-31 | $12.70 | $126.12 | x |
| 2007-12-31 | $15.90 | $126.12 | x |
| 2008-12-31 | $19.11 | $126.12 | x |
| 2009-12-31 | $19.92 | $126.12 | x |
| 2010-12-31 | $20.66 | $126.12 | x |
| 2011-12-31 | $19.96 | $126.12 | x |
| 2012-12-31 | $15.29 | $126.12 | x |
| 2013-12-31 | $16.11 | $126.12 | x |
| 2014-12-31 | $16.90 | $126.12 | x |
| 2015-12-31 | $20.13 | $126.12 | x |
| 2016-12-31 | $21.51 | $126.12 | x |
| 2017-12-31 | $23.60 | $126.12 | x |
| 2018-12-31 | $25.89 | $126.12 | x |
| 2019-12-31 | $27.18 | $126.12 | x |
| 2020-12-31 | $34.77 | $126.12 | x |
| 2021-12-31 | $32.89 | $126.12 | x |
| 2022-12-31 | $33.05 | $126.12 | x |
| 2023-12-31 | $38.74 | $126.12 | x |
| 2024-12-31 | $39.89 | $126.12 | x |
| 2025-12-31 | $41.46 | $126.12 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ormat Technologies Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.87%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.52%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 2.46x
- Recent ROE (4.87%) is below the historical average (5.65%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | -4.01% | -1.22% | 0.30x | 11.04x | $-3.65 Million |
| 2003 | 37.22% | 12.94% | 0.22x | 13.19x | $11.30 Million |
| 2004 | 10.60% | 8.12% | 0.26x | 5.06x | $999.60K |
| 2005 | 8.33% | 6.38% | 0.26x | 5.02x | $-3.05 Million |
| 2006 | 7.81% | 12.81% | 0.23x | 2.63x | $-9.63 Million |
| 2007 | 4.43% | 9.25% | 0.23x | 2.06x | $-34.43 Million |
| 2008 | 5.89% | 14.45% | 0.21x | 1.93x | $-34.81 Million |
| 2009 | 7.59% | 16.58% | 0.22x | 2.05x | $-21.85 Million |
| 2010 | 3.97% | 10.00% | 0.18x | 2.18x | $-56.60 Million |
| 2011 | -4.75% | -9.85% | 0.19x | 2.55x | $-133.72 Million |
| 2012 | -29.82% | -40.25% | 0.25x | 2.94x | $-276.51 Million |
| 2013 | 5.63% | 7.73% | 0.25x | 2.95x | $-32.04 Million |
| 2014 | 6.99% | 9.68% | 0.26x | 2.74x | $-23.31 Million |
| 2015 | 12.08% | 20.11% | 0.26x | 2.32x | $20.57 Million |
| 2016 | 8.71% | 14.18% | 0.27x | 2.28x | $-13.91 Million |
| 2017 | 14.25% | 24.64% | 0.27x | 2.14x | $50.89 Million |
| 2018 | 7.42% | 13.62% | 0.23x | 2.36x | $-34.02 Million |
| 2019 | 6.33% | 11.81% | 0.23x | 2.33x | $-51.15 Million |
| 2020 | 4.73% | 12.12% | 0.18x | 2.15x | $-95.14 Million |
| 2021 | 3.35% | 9.36% | 0.15x | 2.39x | $-123.41 Million |
| 2022 | 3.53% | 8.97% | 0.16x | 2.47x | $-120.92 Million |
| 2023 | 5.37% | 15.00% | 0.16x | 2.25x | $-107.14 Million |
| 2024 | 5.10% | 14.07% | 0.16x | 2.34x | $-118.78 Million |
| 2025 | 4.87% | 12.52% | 0.16x | 2.46x | $-130.50 Million |
Industry Comparison
This section compares Ormat Technologies Inc's net assets metrics with peer companies in the Utilities - Renewable industry.
Industry Context
- Industry: Utilities - Renewable
- Average net assets among peers: $40,390,901,007
- Average return on equity (ROE) among peers: -3.61%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ormat Technologies Inc (ORA) | $2.72 Billion | -4.01% | 1.49x | $7.48 Billion |
| AXIA Energia (AXIA) | $68.07 Billion | -10.48% | 1.10x | $20.35 Billion |
| AXIA Energia SA (AXIA-PC) | $122.00 Billion | 8.51% | 1.38x | $21.51 Billion |
| Brookfield Renewable Corp (BEPC) | $16.82 Billion | 8.93% | 1.57x | $5.21 Billion |
| Bimergen Energy Corporation (BESS) | $-270.48K | 0.00% | 0.00x | $16.62 Million |
| Smart Powerr Corp (CREG) | $78.63 Million | -11.16% | 0.58x | $6.66 Million |
| Clearway Energy Inc Class C (CWEN) | $5.56 Billion | 1.58% | 1.58x | $3.17 Billion |
| Clearway Energy Inc (CWEN-A) | $3.30 Billion | 1.55% | 2.88x | $1.40 Billion |
| Centrais Electricas Brasileiras SA (EBR) | $76.42 Billion | 7.68% | 1.46x | $18.99 Billion |
| Centrais Elétricas Brasileiras S.A. - Eletrobrás (EBR-B) | $111.03 Billion | 3.27% | 1.43x | $2.77 Billion |
| Fluence Energy Inc (FLNC) | $629.21 Million | -45.96% | 1.77x | $3.10 Billion |
About Ormat Technologies Inc
Ormat Technologies, Inc. engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guatemala, Guadeloupe, New Zealand, Honduras, France, Indonesia, the Philippines, and internationally. It operates through three segments: Electricity, Product, and Energy Storage. The Electricity segment develops, builds, owns, and operates geothermal, sol… Read more