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

Hilltop Holdings Inc. is the larger business by last-quarter revenue ($300.5M vs $276.0M, roughly 1.1× ORMAT TECHNOLOGIES, INC.). Hilltop Holdings Inc. runs the higher net margin — 13.0% vs 11.4%, a 1.6% gap on every dollar of revenue. Over the past eight quarters, ORMAT TECHNOLOGIES, INC.'s revenue compounded faster (11.0% CAGR vs 0.6%).

Hilltop Holdings Inc. is a financial holding company based in Dallas, Texas. It offers financial products and banking services through three primary subsidiaries: PlainsCapital Bank, PrimeLending, and HilltopSecurities.

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...

HTH vs ORA — Head-to-Head

Bigger by revenue
HTH
HTH
1.1× larger
HTH
$300.5M
$276.0M
ORA
Higher net margin
HTH
HTH
1.6% more per $
HTH
13.0%
11.4%
ORA
Faster 2-yr revenue CAGR
ORA
ORA
Annualised
ORA
11.0%
0.6%
HTH

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
HTH
HTH
ORA
ORA
Revenue
$300.5M
$276.0M
Net Profit
$39.0M
$31.4M
Gross Margin
28.6%
Operating Margin
15.4%
Net Margin
13.0%
11.4%
Revenue YoY
19.6%
Net Profit YoY
-12.4%
-23.2%
EPS (diluted)
$0.64
$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
HTH
HTH
ORA
ORA
Q1 26
$300.5M
Q4 25
$329.9M
$276.0M
Q3 25
$330.2M
$249.7M
Q2 25
$303.3M
$234.0M
Q1 25
$318.5M
$229.8M
Q4 24
$301.1M
$230.7M
Q3 24
$305.5M
$211.8M
Q2 24
$297.0M
$213.0M
Net Profit
HTH
HTH
ORA
ORA
Q1 26
$39.0M
Q4 25
$41.6M
$31.4M
Q3 25
$45.8M
$24.1M
Q2 25
$36.1M
$28.0M
Q1 25
$42.1M
$40.4M
Q4 24
$35.5M
$40.8M
Q3 24
$29.7M
$22.1M
Q2 24
$20.3M
$22.2M
Gross Margin
HTH
HTH
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
HTH
HTH
ORA
ORA
Q1 26
Q4 25
16.1%
15.4%
Q3 25
18.4%
16.2%
Q2 25
16.3%
15.1%
Q1 25
18.1%
22.2%
Q4 24
14.7%
21.3%
Q3 24
13.9%
16.8%
Q2 24
10.0%
16.5%
Net Margin
HTH
HTH
ORA
ORA
Q1 26
13.0%
Q4 25
12.6%
11.4%
Q3 25
13.9%
9.7%
Q2 25
11.9%
12.0%
Q1 25
13.2%
17.6%
Q4 24
11.8%
17.7%
Q3 24
9.7%
10.4%
Q2 24
6.8%
10.4%
EPS (diluted)
HTH
HTH
ORA
ORA
Q1 26
$0.64
Q4 25
$0.68
$0.51
Q3 25
$0.74
$0.39
Q2 25
$0.57
$0.46
Q1 25
$0.65
$0.66
Q4 24
$0.55
$0.67
Q3 24
$0.46
$0.36
Q2 24
$0.31
$0.37

Balance Sheet & Financial Strength

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

Metric
HTH
HTH
ORA
ORA
Cash + ST InvestmentsLiquidity on hand
$147.4M
Total DebtLower is stronger
$990.8M
$2.7B
Stockholders' EquityBook value
$2.2B
$2.5B
Total Assets
$15.7B
$6.2B
Debt / EquityLower = less leverage
0.46×
1.05×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HTH
HTH
ORA
ORA
Q1 26
Q4 25
$147.4M
Q3 25
$79.6M
Q2 25
$88.5M
Q1 25
$112.7M
Q4 24
$94.4M
Q3 24
$88.1M
Q2 24
$66.3M
Total Debt
HTH
HTH
ORA
ORA
Q1 26
$990.8M
Q4 25
$2.7B
Q3 25
Q2 25
Q1 25
Q4 24
$2.3B
Q3 24
Q2 24
Stockholders' Equity
HTH
HTH
ORA
ORA
Q1 26
$2.2B
Q4 25
$2.2B
$2.5B
Q3 25
$2.2B
$2.5B
Q2 25
$2.2B
$2.5B
Q1 25
$2.2B
$2.5B
Q4 24
$2.2B
$2.4B
Q3 24
$2.2B
$2.4B
Q2 24
$2.1B
$2.4B
Total Assets
HTH
HTH
ORA
ORA
Q1 26
$15.7B
Q4 25
$15.8B
$6.2B
Q3 25
$15.6B
$6.1B
Q2 25
$15.4B
$6.0B
Q1 25
$15.8B
$5.8B
Q4 24
$16.3B
$5.7B
Q3 24
$15.9B
$5.6B
Q2 24
$15.6B
$5.5B
Debt / Equity
HTH
HTH
ORA
ORA
Q1 26
0.46×
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
HTH
HTH
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
HTH
HTH
ORA
ORA
Q1 26
Q4 25
$-38.7M
$105.0M
Q3 25
$273.0M
$45.2M
Q2 25
$-234.6M
$96.9M
Q1 25
$5.8M
$88.0M
Q4 24
$273.9M
$158.6M
Q3 24
$515.6M
$106.4M
Q2 24
$-435.3M
$30.7M
Free Cash Flow
HTH
HTH
ORA
ORA
Q1 26
Q4 25
$-55.5M
$-40.0M
Q3 25
$271.0M
$-102.1M
Q2 25
$-234.6M
$-37.9M
Q1 25
$5.0M
$-104.6M
Q4 24
$266.8M
$30.9M
Q3 24
$513.8M
$-3.3M
Q2 24
$-437.3M
$-116.1M
FCF Margin
HTH
HTH
ORA
ORA
Q1 26
Q4 25
-16.8%
-14.5%
Q3 25
82.1%
-40.9%
Q2 25
-77.4%
-16.2%
Q1 25
1.6%
-45.5%
Q4 24
88.6%
13.4%
Q3 24
168.2%
-1.6%
Q2 24
-147.2%
-54.5%
Capex Intensity
HTH
HTH
ORA
ORA
Q1 26
Q4 25
5.1%
52.6%
Q3 25
0.6%
59.0%
Q2 25
0.0%
57.6%
Q1 25
0.3%
83.8%
Q4 24
2.4%
55.4%
Q3 24
0.6%
51.8%
Q2 24
0.7%
69.0%
Cash Conversion
HTH
HTH
ORA
ORA
Q1 26
Q4 25
-0.93×
3.35×
Q3 25
5.96×
1.87×
Q2 25
-6.50×
3.45×
Q1 25
0.14×
2.18×
Q4 24
7.71×
3.89×
Q3 24
17.36×
4.82×
Q2 24
-21.41×
1.38×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HTH
HTH

Noninterest Income$188.4M63%
Net Interest Income$112.1M37%

ORA
ORA

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

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