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

UiPath, Inc. is the larger business by last-quarter revenue ($411.1M vs $276.0M, roughly 1.5× ORMAT TECHNOLOGIES, INC.). UiPath, Inc. runs the higher net margin — 48.4% vs 11.4%, a 37.0% gap on every dollar of revenue. On growth, ORMAT TECHNOLOGIES, INC. posted the faster year-over-year revenue change (19.6% vs 15.9%). UiPath, Inc. produced more free cash flow last quarter ($25.1M vs $-40.0M). Over the past eight quarters, ORMAT TECHNOLOGIES, INC.'s revenue compounded faster (11.0% CAGR vs 0.7%).

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...

UiPath Inc. is a global software company that develops artificial intelligence (AI) and agentic automation and orchestration software. The company's software enables the building and orchestration of AI agents to automate complex processes and workflows.

ORA vs PATH — Head-to-Head

Bigger by revenue
PATH
PATH
1.5× larger
PATH
$411.1M
$276.0M
ORA
Growing faster (revenue YoY)
ORA
ORA
+3.7% gap
ORA
19.6%
15.9%
PATH
Higher net margin
PATH
PATH
37.0% more per $
PATH
48.4%
11.4%
ORA
More free cash flow
PATH
PATH
$65.2M more FCF
PATH
$25.1M
$-40.0M
ORA
Faster 2-yr revenue CAGR
ORA
ORA
Annualised
ORA
11.0%
0.7%
PATH

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
ORA
ORA
PATH
PATH
Revenue
$276.0M
$411.1M
Net Profit
$31.4M
$198.8M
Gross Margin
28.6%
83.3%
Operating Margin
15.4%
3.2%
Net Margin
11.4%
48.4%
Revenue YoY
19.6%
15.9%
Net Profit YoY
-23.2%
1966.2%
EPS (diluted)
$0.51
$0.37

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
ORA
ORA
PATH
PATH
Q4 25
$276.0M
$411.1M
Q3 25
$249.7M
$361.7M
Q2 25
$234.0M
$356.6M
Q1 25
$229.8M
$423.6M
Q4 24
$230.7M
$354.7M
Q3 24
$211.8M
$316.3M
Q2 24
$213.0M
$335.1M
Q1 24
$224.2M
$405.3M
Net Profit
ORA
ORA
PATH
PATH
Q4 25
$31.4M
$198.8M
Q3 25
$24.1M
$1.6M
Q2 25
$28.0M
$-22.6M
Q1 25
$40.4M
$51.8M
Q4 24
$40.8M
$-10.7M
Q3 24
$22.1M
$-86.1M
Q2 24
$22.2M
$-28.7M
Q1 24
$38.6M
$33.9M
Gross Margin
ORA
ORA
PATH
PATH
Q4 25
28.6%
83.3%
Q3 25
25.6%
82.2%
Q2 25
24.3%
82.1%
Q1 25
31.7%
84.8%
Q4 24
31.9%
82.0%
Q3 24
27.8%
80.0%
Q2 24
28.8%
83.5%
Q1 24
35.2%
86.8%
Operating Margin
ORA
ORA
PATH
PATH
Q4 25
15.4%
3.2%
Q3 25
16.2%
-5.6%
Q2 25
15.1%
-4.6%
Q1 25
22.2%
7.9%
Q4 24
21.3%
-12.2%
Q3 24
16.8%
-32.7%
Q2 24
16.5%
-14.8%
Q1 24
23.5%
3.7%
Net Margin
ORA
ORA
PATH
PATH
Q4 25
11.4%
48.4%
Q3 25
9.7%
0.4%
Q2 25
12.0%
-6.3%
Q1 25
17.6%
12.2%
Q4 24
17.7%
-3.0%
Q3 24
10.4%
-27.2%
Q2 24
10.4%
-8.6%
Q1 24
17.2%
8.4%
EPS (diluted)
ORA
ORA
PATH
PATH
Q4 25
$0.51
$0.37
Q3 25
$0.39
$0.00
Q2 25
$0.46
$-0.04
Q1 25
$0.66
$0.09
Q4 24
$0.67
$-0.02
Q3 24
$0.36
$-0.15
Q2 24
$0.37
$-0.05
Q1 24
$0.64
$0.07

Balance Sheet & Financial Strength

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

Metric
ORA
ORA
PATH
PATH
Cash + ST InvestmentsLiquidity on hand
$147.4M
$1.4B
Total DebtLower is stronger
$2.7B
Stockholders' EquityBook value
$2.5B
$1.9B
Total Assets
$6.2B
$2.9B
Debt / EquityLower = less leverage
1.05×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ORA
ORA
PATH
PATH
Q4 25
$147.4M
$1.4B
Q3 25
$79.6M
$1.4B
Q2 25
$88.5M
$1.6B
Q1 25
$112.7M
$1.6B
Q4 24
$94.4M
$1.6B
Q3 24
$88.1M
$1.7B
Q2 24
$66.3M
$1.9B
Q1 24
$201.5M
$1.9B
Total Debt
ORA
ORA
PATH
PATH
Q4 25
$2.7B
Q3 25
Q2 25
Q1 25
Q4 24
$2.3B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ORA
ORA
PATH
PATH
Q4 25
$2.5B
$1.9B
Q3 25
$2.5B
$1.7B
Q2 25
$2.5B
$1.7B
Q1 25
$2.5B
$1.8B
Q4 24
$2.4B
$1.7B
Q3 24
$2.4B
$1.8B
Q2 24
$2.4B
$2.0B
Q1 24
$2.4B
$2.0B
Total Assets
ORA
ORA
PATH
PATH
Q4 25
$6.2B
$2.9B
Q3 25
$6.1B
$2.6B
Q2 25
$6.0B
$2.6B
Q1 25
$5.8B
$2.9B
Q4 24
$5.7B
$2.7B
Q3 24
$5.6B
$2.7B
Q2 24
$5.5B
$2.8B
Q1 24
$5.5B
$3.0B
Debt / Equity
ORA
ORA
PATH
PATH
Q4 25
1.05×
Q3 25
Q2 25
Q1 25
Q4 24
0.97×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
ORA
ORA
PATH
PATH
Operating Cash FlowLast quarter
$105.0M
$28.3M
Free Cash FlowOCF − Capex
$-40.0M
$25.1M
FCF MarginFCF / Revenue
-14.5%
6.1%
Capex IntensityCapex / Revenue
52.6%
0.8%
Cash ConversionOCF / Net Profit
3.35×
0.14×
TTM Free Cash FlowTrailing 4 quarters
$-284.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ORA
ORA
PATH
PATH
Q4 25
$105.0M
$28.3M
Q3 25
$45.2M
$41.6M
Q2 25
$96.9M
$119.0M
Q1 25
$88.0M
$146.1M
Q4 24
$158.6M
$28.1M
Q3 24
$106.4M
$46.4M
Q2 24
$30.7M
$100.0M
Q1 24
$115.2M
$145.6M
Free Cash Flow
ORA
ORA
PATH
PATH
Q4 25
$-40.0M
$25.1M
Q3 25
$-102.1M
Q2 25
$-37.9M
$106.2M
Q1 25
$-104.6M
$138.7M
Q4 24
$30.9M
$23.2M
Q3 24
$-3.3M
$45.0M
Q2 24
$-116.1M
$98.8M
Q1 24
$11.8M
$141.8M
FCF Margin
ORA
ORA
PATH
PATH
Q4 25
-14.5%
6.1%
Q3 25
-40.9%
Q2 25
-16.2%
29.8%
Q1 25
-45.5%
32.7%
Q4 24
13.4%
6.5%
Q3 24
-1.6%
14.2%
Q2 24
-54.5%
29.5%
Q1 24
5.3%
35.0%
Capex Intensity
ORA
ORA
PATH
PATH
Q4 25
52.6%
0.8%
Q3 25
59.0%
0.0%
Q2 25
57.6%
3.6%
Q1 25
83.8%
1.7%
Q4 24
55.4%
1.4%
Q3 24
51.8%
0.4%
Q2 24
69.0%
0.4%
Q1 24
46.1%
0.9%
Cash Conversion
ORA
ORA
PATH
PATH
Q4 25
3.35×
0.14×
Q3 25
1.87×
26.25×
Q2 25
3.45×
Q1 25
2.18×
2.82×
Q4 24
3.89×
Q3 24
4.82×
Q2 24
1.38×
Q1 24
2.99×
4.29×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ORA
ORA

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

PATH
PATH

Subscription Services$247.6M60%
License$150.0M36%
Professional Services And Other$13.5M3%

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