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Side-by-side financial comparison of Amphastar Pharmaceuticals, Inc. (AMPH) and ORMAT TECHNOLOGIES, INC. (ORA). Click either name above to swap in a different company.

ORMAT TECHNOLOGIES, INC. is the larger business by last-quarter revenue ($276.0M vs $183.1M, roughly 1.5× Amphastar Pharmaceuticals, Inc.). Amphastar Pharmaceuticals, Inc. runs the higher net margin — 13.3% vs 11.4%, a 2.0% gap on every dollar of revenue. On growth, ORMAT TECHNOLOGIES, INC. posted the faster year-over-year revenue change (19.6% vs -1.8%). Amphastar Pharmaceuticals, Inc. produced more free cash flow last quarter ($24.6M vs $-40.0M). Over the past eight quarters, ORMAT TECHNOLOGIES, INC.'s revenue compounded faster (11.0% CAGR vs 3.2%).

Amphastar Pharmaceuticals is a publicly traded American speciality pharmaceutical company. It was incorporated in May 2004 and primarily develops, manufactures, and sells inhalation and intranasal products.

Ormat Technologies, Inc. is an international company based in Reno, Nevada, United States. Ormat supplies alternative and renewable geothermal energy technology. The company has built over 190 power plants and installed over 3,200 MW of output. As of January 2021 it owns and operates 933 MW of geothermal and recovered energy based power plants. Ormat has supplied over 1000 turbochargers worldwide, in North America, South America, Europe, Australia, and Asia. The company's products also includ...

AMPH vs ORA — Head-to-Head

Bigger by revenue
ORA
ORA
1.5× larger
ORA
$276.0M
$183.1M
AMPH
Growing faster (revenue YoY)
ORA
ORA
+21.5% gap
ORA
19.6%
-1.8%
AMPH
Higher net margin
AMPH
AMPH
2.0% more per $
AMPH
13.3%
11.4%
ORA
More free cash flow
AMPH
AMPH
$64.6M more FCF
AMPH
$24.6M
$-40.0M
ORA
Faster 2-yr revenue CAGR
ORA
ORA
Annualised
ORA
11.0%
3.2%
AMPH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AMPH
AMPH
ORA
ORA
Revenue
$183.1M
$276.0M
Net Profit
$24.4M
$31.4M
Gross Margin
46.8%
28.6%
Operating Margin
19.4%
15.4%
Net Margin
13.3%
11.4%
Revenue YoY
-1.8%
19.6%
Net Profit YoY
-35.7%
-23.2%
EPS (diluted)
$0.51
$0.51

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AMPH
AMPH
ORA
ORA
Q4 25
$183.1M
$276.0M
Q3 25
$191.8M
$249.7M
Q2 25
$174.4M
$234.0M
Q1 25
$170.5M
$229.8M
Q4 24
$186.5M
$230.7M
Q3 24
$191.2M
$211.8M
Q2 24
$182.4M
$213.0M
Q1 24
$171.8M
$224.2M
Net Profit
AMPH
AMPH
ORA
ORA
Q4 25
$24.4M
$31.4M
Q3 25
$17.4M
$24.1M
Q2 25
$31.0M
$28.0M
Q1 25
$25.3M
$40.4M
Q4 24
$38.0M
$40.8M
Q3 24
$40.4M
$22.1M
Q2 24
$37.9M
$22.2M
Q1 24
$43.2M
$38.6M
Gross Margin
AMPH
AMPH
ORA
ORA
Q4 25
46.8%
28.6%
Q3 25
51.4%
25.6%
Q2 25
49.6%
24.3%
Q1 25
50.0%
31.7%
Q4 24
46.5%
31.9%
Q3 24
53.3%
27.8%
Q2 24
52.2%
28.8%
Q1 24
52.4%
35.2%
Operating Margin
AMPH
AMPH
ORA
ORA
Q4 25
19.4%
15.4%
Q3 25
13.2%
16.2%
Q2 25
24.2%
15.1%
Q1 25
21.9%
22.2%
Q4 24
24.2%
21.3%
Q3 24
29.8%
16.8%
Q2 24
30.3%
16.5%
Q1 24
27.9%
23.5%
Net Margin
AMPH
AMPH
ORA
ORA
Q4 25
13.3%
11.4%
Q3 25
9.0%
9.7%
Q2 25
17.8%
12.0%
Q1 25
14.8%
17.6%
Q4 24
20.4%
17.7%
Q3 24
21.1%
10.4%
Q2 24
20.8%
10.4%
Q1 24
25.1%
17.2%
EPS (diluted)
AMPH
AMPH
ORA
ORA
Q4 25
$0.51
$0.51
Q3 25
$0.37
$0.39
Q2 25
$0.64
$0.46
Q1 25
$0.51
$0.66
Q4 24
$0.74
$0.67
Q3 24
$0.78
$0.36
Q2 24
$0.73
$0.37
Q1 24
$0.81
$0.64

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AMPH
AMPH
ORA
ORA
Cash + ST InvestmentsLiquidity on hand
$282.8M
$147.4M
Total DebtLower is stronger
$608.7M
$2.7B
Stockholders' EquityBook value
$788.8M
$2.5B
Total Assets
$1.6B
$6.2B
Debt / EquityLower = less leverage
0.77×
1.05×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMPH
AMPH
ORA
ORA
Q4 25
$282.8M
$147.4M
Q3 25
$276.2M
$79.6M
Q2 25
$231.8M
$88.5M
Q1 25
$236.9M
$112.7M
Q4 24
$221.6M
$94.4M
Q3 24
$250.5M
$88.1M
Q2 24
$217.8M
$66.3M
Q1 24
$289.6M
$201.5M
Total Debt
AMPH
AMPH
ORA
ORA
Q4 25
$608.7M
$2.7B
Q3 25
$608.6M
Q2 25
$607.7M
Q1 25
$603.9M
Q4 24
$601.6M
$2.3B
Q3 24
$596.4M
Q2 24
$586.9M
Q1 24
$594.0M
Stockholders' Equity
AMPH
AMPH
ORA
ORA
Q4 25
$788.8M
$2.5B
Q3 25
$776.7M
$2.5B
Q2 25
$757.5M
$2.5B
Q1 25
$751.3M
$2.5B
Q4 24
$732.3M
$2.4B
Q3 24
$727.7M
$2.4B
Q2 24
$713.3M
$2.4B
Q1 24
$672.4M
$2.4B
Total Assets
AMPH
AMPH
ORA
ORA
Q4 25
$1.6B
$6.2B
Q3 25
$1.7B
$6.1B
Q2 25
$1.6B
$6.0B
Q1 25
$1.6B
$5.8B
Q4 24
$1.6B
$5.7B
Q3 24
$1.5B
$5.6B
Q2 24
$1.5B
$5.5B
Q1 24
$1.6B
$5.5B
Debt / Equity
AMPH
AMPH
ORA
ORA
Q4 25
0.77×
1.05×
Q3 25
0.78×
Q2 25
0.80×
Q1 25
0.80×
Q4 24
0.82×
0.97×
Q3 24
0.82×
Q2 24
0.82×
Q1 24
0.88×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AMPH
AMPH
ORA
ORA
Operating Cash FlowLast quarter
$32.9M
$105.0M
Free Cash FlowOCF − Capex
$24.6M
$-40.0M
FCF MarginFCF / Revenue
13.4%
-14.5%
Capex IntensityCapex / Revenue
4.5%
52.6%
Cash ConversionOCF / Net Profit
1.35×
3.35×
TTM Free Cash FlowTrailing 4 quarters
$121.2M
$-284.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMPH
AMPH
ORA
ORA
Q4 25
$32.9M
$105.0M
Q3 25
$52.6M
$45.2M
Q2 25
$35.6M
$96.9M
Q1 25
$35.1M
$88.0M
Q4 24
$29.0M
$158.6M
Q3 24
$60.0M
$106.4M
Q2 24
$69.1M
$30.7M
Q1 24
$55.3M
$115.2M
Free Cash Flow
AMPH
AMPH
ORA
ORA
Q4 25
$24.6M
$-40.0M
Q3 25
$47.2M
$-102.1M
Q2 25
$25.0M
$-37.9M
Q1 25
$24.4M
$-104.6M
Q4 24
$16.6M
$30.9M
Q3 24
$46.2M
$-3.3M
Q2 24
$63.1M
$-116.1M
Q1 24
$46.5M
$11.8M
FCF Margin
AMPH
AMPH
ORA
ORA
Q4 25
13.4%
-14.5%
Q3 25
24.6%
-40.9%
Q2 25
14.3%
-16.2%
Q1 25
14.3%
-45.5%
Q4 24
8.9%
13.4%
Q3 24
24.1%
-1.6%
Q2 24
34.6%
-54.5%
Q1 24
27.1%
5.3%
Capex Intensity
AMPH
AMPH
ORA
ORA
Q4 25
4.5%
52.6%
Q3 25
2.8%
59.0%
Q2 25
6.1%
57.6%
Q1 25
6.3%
83.8%
Q4 24
6.7%
55.4%
Q3 24
7.2%
51.8%
Q2 24
3.3%
69.0%
Q1 24
5.1%
46.1%
Cash Conversion
AMPH
AMPH
ORA
ORA
Q4 25
1.35×
3.35×
Q3 25
3.03×
1.87×
Q2 25
1.15×
3.45×
Q1 25
1.39×
2.18×
Q4 24
0.76×
3.89×
Q3 24
1.48×
4.82×
Q2 24
1.82×
1.38×
Q1 24
1.28×
2.99×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AMPH
AMPH

Other Products$62.4M34%
Baqsimi$46.7M26%
Primatenemist$27.9M15%
Epinephrine$17.1M9%
Lidocaine$14.9M8%
Glucagon$14.1M8%

ORA
ORA

Electricity$186.6M68%
Products$63.1M23%
Energy Storage Segment$26.3M10%
Product Segment$1.2M0%

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