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Side-by-side financial comparison of Essex Property Trust (ESS) and ORMAT TECHNOLOGIES, INC. (ORA). Click either name above to swap in a different company.

Essex Property Trust is the larger business by last-quarter revenue ($479.6M vs $276.0M, roughly 1.7× ORMAT TECHNOLOGIES, INC.). Essex Property Trust runs the higher net margin — 17.9% vs 11.4%, a 6.5% gap on every dollar of revenue. On growth, ORMAT TECHNOLOGIES, INC. posted the faster year-over-year revenue change (19.6% vs 5.5%). Over the past eight quarters, ORMAT TECHNOLOGIES, INC.'s revenue compounded faster (11.0% CAGR vs 6.0%).

Essex Property Trust is a publicly traded real estate investment trust that invests in apartments in California and in the Seattle metropolitan area.

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...

ESS vs ORA — Head-to-Head

Bigger by revenue
ESS
ESS
1.7× larger
ESS
$479.6M
$276.0M
ORA
Growing faster (revenue YoY)
ORA
ORA
+14.1% gap
ORA
19.6%
5.5%
ESS
Higher net margin
ESS
ESS
6.5% more per $
ESS
17.9%
11.4%
ORA
Faster 2-yr revenue CAGR
ORA
ORA
Annualised
ORA
11.0%
6.0%
ESS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ESS
ESS
ORA
ORA
Revenue
$479.6M
$276.0M
Net Profit
$85.7M
$31.4M
Gross Margin
70.0%
28.6%
Operating Margin
31.7%
15.4%
Net Margin
17.9%
11.4%
Revenue YoY
5.5%
19.6%
Net Profit YoY
-71.6%
-23.2%
EPS (diluted)
$1.24
$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
ESS
ESS
ORA
ORA
Q4 25
$479.6M
$276.0M
Q3 25
$473.3M
$249.7M
Q2 25
$469.8M
$234.0M
Q1 25
$464.6M
$229.8M
Q4 24
$454.5M
$230.7M
Q3 24
$450.7M
$211.8M
Q2 24
$442.4M
$213.0M
Q1 24
$426.9M
$224.2M
Net Profit
ESS
ESS
ORA
ORA
Q4 25
$85.7M
$31.4M
Q3 25
$172.7M
$24.1M
Q2 25
$231.5M
$28.0M
Q1 25
$212.8M
$40.4M
Q4 24
$301.7M
$40.8M
Q3 24
$125.5M
$22.1M
Q2 24
$99.0M
$22.2M
Q1 24
$285.1M
$38.6M
Gross Margin
ESS
ESS
ORA
ORA
Q4 25
70.0%
28.6%
Q3 25
69.2%
25.6%
Q2 25
70.7%
24.3%
Q1 25
69.6%
31.7%
Q4 24
70.0%
31.9%
Q3 24
69.5%
27.8%
Q2 24
70.8%
28.8%
Q1 24
69.7%
35.2%
Operating Margin
ESS
ESS
ORA
ORA
Q4 25
31.7%
15.4%
Q3 25
44.5%
16.2%
Q2 25
59.5%
15.1%
Q1 25
55.3%
22.2%
Q4 24
67.0%
21.3%
Q3 24
28.6%
16.8%
Q2 24
31.1%
16.5%
Q1 24
31.0%
23.5%
Net Margin
ESS
ESS
ORA
ORA
Q4 25
17.9%
11.4%
Q3 25
36.5%
9.7%
Q2 25
49.3%
12.0%
Q1 25
45.8%
17.6%
Q4 24
66.4%
17.7%
Q3 24
27.8%
10.4%
Q2 24
22.4%
10.4%
Q1 24
66.8%
17.2%
EPS (diluted)
ESS
ESS
ORA
ORA
Q4 25
$1.24
$0.51
Q3 25
$2.56
$0.39
Q2 25
$3.44
$0.46
Q1 25
$3.16
$0.66
Q4 24
$4.00
$0.67
Q3 24
$1.84
$0.36
Q2 24
$1.45
$0.37
Q1 24
$4.25
$0.64

Balance Sheet & Financial Strength

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

Metric
ESS
ESS
ORA
ORA
Cash + ST InvestmentsLiquidity on hand
$76.2M
$147.4M
Total DebtLower is stronger
$2.7B
Stockholders' EquityBook value
$5.5B
$2.5B
Total Assets
$13.2B
$6.2B
Debt / EquityLower = less leverage
1.05×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESS
ESS
ORA
ORA
Q4 25
$76.2M
$147.4M
Q3 25
$66.0M
$79.6M
Q2 25
$58.7M
$88.5M
Q1 25
$98.7M
$112.7M
Q4 24
$66.8M
$94.4M
Q3 24
$71.3M
$88.1M
Q2 24
$55.2M
$66.3M
Q1 24
$499.0M
$201.5M
Total Debt
ESS
ESS
ORA
ORA
Q4 25
$2.7B
Q3 25
$6.4B
Q2 25
$6.4B
Q1 25
$6.8B
Q4 24
$2.3B
Q3 24
$6.4B
Q2 24
$6.2B
Q1 24
$6.6B
Stockholders' Equity
ESS
ESS
ORA
ORA
Q4 25
$5.5B
$2.5B
Q3 25
$5.6B
$2.5B
Q2 25
$5.6B
$2.5B
Q1 25
$5.6B
$2.5B
Q4 24
$5.5B
$2.4B
Q3 24
$5.4B
$2.4B
Q2 24
$5.5B
$2.4B
Q1 24
$5.5B
$2.4B
Total Assets
ESS
ESS
ORA
ORA
Q4 25
$13.2B
$6.2B
Q3 25
$13.2B
$6.1B
Q2 25
$13.2B
$6.0B
Q1 25
$13.2B
$5.8B
Q4 24
$12.9B
$5.7B
Q3 24
$12.6B
$5.6B
Q2 24
$12.5B
$5.5B
Q1 24
$12.9B
$5.5B
Debt / Equity
ESS
ESS
ORA
ORA
Q4 25
1.05×
Q3 25
1.15×
Q2 25
1.14×
Q1 25
1.22×
Q4 24
0.97×
Q3 24
1.18×
Q2 24
1.13×
Q1 24
1.19×

Cash Flow & Capital Efficiency

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

Metric
ESS
ESS
ORA
ORA
Operating Cash FlowLast quarter
$1.1B
$105.0M
Free Cash FlowOCF − Capex
$-40.0M
FCF MarginFCF / Revenue
-14.5%
Capex IntensityCapex / Revenue
52.6%
Cash ConversionOCF / Net Profit
12.53×
3.35×
TTM Free Cash FlowTrailing 4 quarters
$-284.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ESS
ESS
ORA
ORA
Q4 25
$1.1B
$105.0M
Q3 25
$342.6M
$45.2M
Q2 25
$216.1M
$96.9M
Q1 25
$281.5M
$88.0M
Q4 24
$1.1B
$158.6M
Q3 24
$316.2M
$106.4M
Q2 24
$218.9M
$30.7M
Q1 24
$314.9M
$115.2M
Free Cash Flow
ESS
ESS
ORA
ORA
Q4 25
$-40.0M
Q3 25
$-102.1M
Q2 25
$-37.9M
Q1 25
$-104.6M
Q4 24
$30.9M
Q3 24
$-3.3M
Q2 24
$-116.1M
Q1 24
$11.8M
FCF Margin
ESS
ESS
ORA
ORA
Q4 25
-14.5%
Q3 25
-40.9%
Q2 25
-16.2%
Q1 25
-45.5%
Q4 24
13.4%
Q3 24
-1.6%
Q2 24
-54.5%
Q1 24
5.3%
Capex Intensity
ESS
ESS
ORA
ORA
Q4 25
52.6%
Q3 25
59.0%
Q2 25
57.6%
Q1 25
83.8%
Q4 24
55.4%
Q3 24
51.8%
Q2 24
69.0%
Q1 24
46.1%
Cash Conversion
ESS
ESS
ORA
ORA
Q4 25
12.53×
3.35×
Q3 25
1.98×
1.87×
Q2 25
0.93×
3.45×
Q1 25
1.32×
2.18×
Q4 24
3.54×
3.89×
Q3 24
2.52×
4.82×
Q2 24
2.21×
1.38×
Q1 24
1.10×
2.99×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ESS
ESS

Segment breakdown not available.

ORA
ORA

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

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