Ormat Technologies, Inc.

ORANYSEUtilities● Active

$139.38

$-0.62(-0.44%)

Market Cap$8.6B

P/E Ratio—

52W High$146.39

52W Low$73.83

Avg Volume957K

Open$142.12

Beta0.85

Free Cash Flow Financials Revenue

Ormat Technologies, Inc. (ORA) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

ORA · free cash flow · updated Jun 8, 2026

Core FCF metrics

ORA · FCF · TTM · margin & CAGR

Free cash flow was −$284.7M for FY2025 (fiscal year ending 2025-12-31), down 270.9% year-over-year The FCF margin was -28.8%.

FY2025 Free Cash Flow−$284.7M▼ -270.9% YoY

Trailing 12M (TTM)−$215.3Mtrailing 4 quarters sum

FCF Margin-28.8%−$284.7M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

ORA · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$335.1M(620M)−$284.7M▼ 270.9%-28.8%

FY2024$410.9M(488M)−$76.8M▲ +75.2%-8.7%

FY2023$309.4M(618M)−$309.0M▼ 9.4%-37.3%

FY2022$281.0M(563M)−$282.5M▼ 76.1%-38.5%

FY2021$258.8M(419M)−$160.4M▼ 187.9%-24.2%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

ORA · P/FCF · FCF yield · FCF per share

Ormat Technologies, Inc. (ORA) reported negative free cash flow of −$0.28B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

ORA · cash flow statement · operating / investing / financing

For FY2025, Ormat Technologies, Inc. generated $335.1M in operating cash flow and spent 620M in capital expenditures, yielding −$284.7M in free cash flow.

Operating Activities

+$335.1M

Cash from core business operations

2025-12-31

Investing Activities

−$726.4M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$465.7M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($335.1M) − |CapEx| (620M) = FCF (−$284.7M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Utilities)

ORA vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Ormat Technologies, Inc.YOU

ORA

−$284.7M-270.9%-28.8%

Loss

Constellation Energy Corporation

CEG

$1.29B+125.6%5.0%

35%

Duke Energy Corporation

Utilities · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Ormat Technologies, Inc. (ORA) reported free cash flow of −$284.7M for FY2025 (fiscal year ending 2025-12-31), down 270.9% year-over-year. The FCF margin was -28.8%.

Based on available data, Ormat Technologies, Inc. has maintained positive free cash flow for at least 3 fiscal year(s). FCF peaked at $62.1M in FY2014.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

ORA free cash flow · 8 questions

Ormat Technologies, Inc. free cash flow was −$284.7M for FY2025, down 270.9% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$215.3M.

ORA free cash flowORA FCFORA FCF 2025ORA free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Ormat Technologies, Inc. · Ormat Technologies, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026