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Side-by-side financial comparison of FIRST INDUSTRIAL REALTY TRUST INC (FR) 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 $194.8M, roughly 1.4× FIRST INDUSTRIAL REALTY TRUST INC). FIRST INDUSTRIAL REALTY TRUST INC runs the higher net margin — 75.9% vs 11.4%, a 64.6% gap on every dollar of revenue. On growth, ORMAT TECHNOLOGIES, INC. posted the faster year-over-year revenue change (19.6% vs 10.0%). Over the past eight quarters, ORMAT TECHNOLOGIES, INC.'s revenue compounded faster (11.0% CAGR vs 8.9%).

First Potomac Realty Trust was a real estate investment trust that invested in industrial properties and business parks in the suburbs of the Washington metropolitan area. In 2017, it was acquired by Government Properties Income Trust.

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...

FR vs ORA — Head-to-Head

Bigger by revenue
ORA
ORA
1.4× larger
ORA
$276.0M
$194.8M
FR
Growing faster (revenue YoY)
ORA
ORA
+9.6% gap
ORA
19.6%
10.0%
FR
Higher net margin
FR
FR
64.6% more per $
FR
75.9%
11.4%
ORA
Faster 2-yr revenue CAGR
ORA
ORA
Annualised
ORA
11.0%
8.9%
FR

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FR
FR
ORA
ORA
Revenue
$194.8M
$276.0M
Net Profit
$147.9M
$31.4M
Gross Margin
28.6%
Operating Margin
15.4%
Net Margin
75.9%
11.4%
Revenue YoY
10.0%
19.6%
Net Profit YoY
179.7%
-23.2%
EPS (diluted)
$1.08
$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
FR
FR
ORA
ORA
Q1 26
$194.8M
Q4 25
$188.4M
$276.0M
Q3 25
$181.4M
$249.7M
Q2 25
$180.2M
$234.0M
Q1 25
$177.1M
$229.8M
Q4 24
$175.6M
$230.7M
Q3 24
$167.6M
$211.8M
Q2 24
$164.1M
$213.0M
Net Profit
FR
FR
ORA
ORA
Q1 26
$147.9M
Q4 25
$78.8M
$31.4M
Q3 25
$65.3M
$24.1M
Q2 25
$55.2M
$28.0M
Q1 25
$48.1M
$40.4M
Q4 24
$68.4M
$40.8M
Q3 24
$99.4M
$22.1M
Q2 24
$51.3M
$22.2M
Gross Margin
FR
FR
ORA
ORA
Q1 26
Q4 25
28.6%
Q3 25
25.6%
Q2 25
24.3%
Q1 25
31.7%
Q4 24
31.9%
Q3 24
27.8%
Q2 24
28.8%
Operating Margin
FR
FR
ORA
ORA
Q1 26
Q4 25
34.6%
15.4%
Q3 25
37.0%
16.2%
Q2 25
31.7%
15.1%
Q1 25
31.2%
22.2%
Q4 24
40.1%
21.3%
Q3 24
62.6%
16.8%
Q2 24
31.8%
16.5%
Net Margin
FR
FR
ORA
ORA
Q1 26
75.9%
Q4 25
41.8%
11.4%
Q3 25
36.0%
9.7%
Q2 25
30.6%
12.0%
Q1 25
27.2%
17.6%
Q4 24
39.0%
17.7%
Q3 24
59.3%
10.4%
Q2 24
31.3%
10.4%
EPS (diluted)
FR
FR
ORA
ORA
Q1 26
$1.08
Q4 25
$0.60
$0.51
Q3 25
$0.49
$0.39
Q2 25
$0.42
$0.46
Q1 25
$0.36
$0.66
Q4 24
$0.51
$0.67
Q3 24
$0.75
$0.36
Q2 24
$0.39
$0.37

Balance Sheet & Financial Strength

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

Metric
FR
FR
ORA
ORA
Cash + ST InvestmentsLiquidity on hand
$147.4M
Total DebtLower is stronger
$2.7B
Stockholders' EquityBook value
$2.9B
$2.5B
Total Assets
$5.8B
$6.2B
Debt / EquityLower = less leverage
1.05×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FR
FR
ORA
ORA
Q1 26
Q4 25
$78.0M
$147.4M
Q3 25
$33.5M
$79.6M
Q2 25
$34.9M
$88.5M
Q1 25
$35.7M
$112.7M
Q4 24
$44.5M
$94.4M
Q3 24
$47.1M
$88.1M
Q2 24
$38.5M
$66.3M
Total Debt
FR
FR
ORA
ORA
Q1 26
Q4 25
$2.7B
Q3 25
Q2 25
Q1 25
Q4 24
$2.3B
Q3 24
Q2 24
Stockholders' Equity
FR
FR
ORA
ORA
Q1 26
$2.9B
Q4 25
$2.7B
$2.5B
Q3 25
$2.7B
$2.5B
Q2 25
$2.6B
$2.5B
Q1 25
$2.7B
$2.5B
Q4 24
$2.7B
$2.4B
Q3 24
$2.6B
$2.4B
Q2 24
$2.6B
$2.4B
Total Assets
FR
FR
ORA
ORA
Q1 26
$5.8B
Q4 25
$5.7B
$6.2B
Q3 25
$5.5B
$6.1B
Q2 25
$5.5B
$6.0B
Q1 25
$5.4B
$5.8B
Q4 24
$5.3B
$5.7B
Q3 24
$5.2B
$5.6B
Q2 24
$5.2B
$5.5B
Debt / Equity
FR
FR
ORA
ORA
Q1 26
Q4 25
1.05×
Q3 25
Q2 25
Q1 25
Q4 24
0.97×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FR
FR
ORA
ORA
Q1 26
Q4 25
$461.3M
$105.0M
Q3 25
$124.6M
$45.2M
Q2 25
$126.1M
$96.9M
Q1 25
$88.6M
$88.0M
Q4 24
$352.5M
$158.6M
Q3 24
$105.5M
$106.4M
Q2 24
$107.7M
$30.7M
Free Cash Flow
FR
FR
ORA
ORA
Q1 26
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
FCF Margin
FR
FR
ORA
ORA
Q1 26
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%
Capex Intensity
FR
FR
ORA
ORA
Q1 26
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%
Cash Conversion
FR
FR
ORA
ORA
Q1 26
Q4 25
5.85×
3.35×
Q3 25
1.91×
1.87×
Q2 25
2.28×
3.45×
Q1 25
1.84×
2.18×
Q4 24
5.15×
3.89×
Q3 24
1.06×
4.82×
Q2 24
2.10×
1.38×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FR
FR

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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