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Side-by-side financial comparison of ORMAT TECHNOLOGIES, INC. (ORA) and Royalty Pharma plc (RPRX). Click either name above to swap in a different company.

Royalty Pharma plc is the larger business by last-quarter revenue ($622.0M vs $403.9M, roughly 1.5× ORMAT TECHNOLOGIES, INC.). Royalty Pharma plc runs the higher net margin — 34.4% vs 10.9%, a 23.5% gap on every dollar of revenue. On growth, ORMAT TECHNOLOGIES, INC. posted the faster year-over-year revenue change (75.8% vs 4.8%). Over the past eight quarters, ORMAT TECHNOLOGIES, INC.'s revenue compounded faster (37.7% CAGR vs 4.6%).

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...

Acceleron Pharma, Inc. is an American clinical stage biopharmaceutical company based in Cambridge, Massachusetts with a broad focus on developing medicines that regulate the transforming growth factor beta (TGF-β) superfamily of proteins, which play fundamental roles in the growth and repair of cells and tissues such as red blood cells, muscle, bone, and blood vessels.

ORA vs RPRX — Head-to-Head

Bigger by revenue
RPRX
RPRX
1.5× larger
RPRX
$622.0M
$403.9M
ORA
Growing faster (revenue YoY)
ORA
ORA
+71.0% gap
ORA
75.8%
4.8%
RPRX
Higher net margin
RPRX
RPRX
23.5% more per $
RPRX
34.4%
10.9%
ORA
Faster 2-yr revenue CAGR
ORA
ORA
Annualised
ORA
37.7%
4.6%
RPRX

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ORA
ORA
RPRX
RPRX
Revenue
$403.9M
$622.0M
Net Profit
$44.1M
$214.2M
Gross Margin
29.8%
Operating Margin
19.9%
62.4%
Net Margin
10.9%
34.4%
Revenue YoY
75.8%
4.8%
Net Profit YoY
9.2%
2.9%
EPS (diluted)
$0.71
$0.49

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
RPRX
RPRX
Q1 26
$403.9M
Q4 25
$276.0M
$622.0M
Q3 25
$249.7M
$609.3M
Q2 25
$234.0M
$578.7M
Q1 25
$229.8M
$568.2M
Q4 24
$230.7M
$593.6M
Q3 24
$211.8M
$564.7M
Q2 24
$213.0M
$537.3M
Net Profit
ORA
ORA
RPRX
RPRX
Q1 26
$44.1M
Q4 25
$31.4M
$214.2M
Q3 25
$24.1M
$288.2M
Q2 25
$28.0M
$30.2M
Q1 25
$40.4M
$238.3M
Q4 24
$40.8M
$208.2M
Q3 24
$22.1M
$544.0M
Q2 24
$22.2M
$102.0M
Gross Margin
ORA
ORA
RPRX
RPRX
Q1 26
29.8%
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
ORA
ORA
RPRX
RPRX
Q1 26
19.9%
Q4 25
15.4%
62.4%
Q3 25
16.2%
70.1%
Q2 25
15.1%
36.3%
Q1 25
22.2%
94.0%
Q4 24
21.3%
60.9%
Q3 24
16.8%
Q2 24
16.5%
50.2%
Net Margin
ORA
ORA
RPRX
RPRX
Q1 26
10.9%
Q4 25
11.4%
34.4%
Q3 25
9.7%
47.3%
Q2 25
12.0%
5.2%
Q1 25
17.6%
41.9%
Q4 24
17.7%
35.1%
Q3 24
10.4%
96.3%
Q2 24
10.4%
19.0%
EPS (diluted)
ORA
ORA
RPRX
RPRX
Q1 26
$0.71
Q4 25
$0.51
$0.49
Q3 25
$0.39
$0.67
Q2 25
$0.46
$0.07
Q1 25
$0.66
$0.55
Q4 24
$0.67
$0.46
Q3 24
$0.36
$1.21
Q2 24
$0.37
$0.23

Balance Sheet & Financial Strength

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

Metric
ORA
ORA
RPRX
RPRX
Cash + ST InvestmentsLiquidity on hand
$654.6M
$618.7M
Total DebtLower is stronger
$9.0B
Stockholders' EquityBook value
$2.7B
$9.7B
Total Assets
$6.8B
$19.6B
Debt / EquityLower = less leverage
0.92×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ORA
ORA
RPRX
RPRX
Q1 26
$654.6M
Q4 25
$147.4M
$618.7M
Q3 25
$79.6M
$938.9M
Q2 25
$88.5M
$631.9M
Q1 25
$112.7M
$1.1B
Q4 24
$94.4M
$929.0M
Q3 24
$88.1M
$950.1M
Q2 24
$66.3M
$1.8B
Total Debt
ORA
ORA
RPRX
RPRX
Q1 26
Q4 25
$2.7B
$9.0B
Q3 25
$8.9B
Q2 25
$8.0B
Q1 25
$7.6B
Q4 24
$2.3B
$7.6B
Q3 24
$7.6B
Q2 24
$7.6B
Stockholders' Equity
ORA
ORA
RPRX
RPRX
Q1 26
$2.7B
Q4 25
$2.5B
$9.7B
Q3 25
$2.5B
$9.6B
Q2 25
$2.5B
$9.5B
Q1 25
$2.5B
$9.8B
Q4 24
$2.4B
$10.3B
Q3 24
$2.4B
$10.3B
Q2 24
$2.4B
$9.8B
Total Assets
ORA
ORA
RPRX
RPRX
Q1 26
$6.8B
Q4 25
$6.2B
$19.6B
Q3 25
$6.1B
$19.3B
Q2 25
$6.0B
$18.3B
Q1 25
$5.8B
$17.6B
Q4 24
$5.7B
$18.2B
Q3 24
$5.6B
$18.0B
Q2 24
$5.5B
$17.7B
Debt / Equity
ORA
ORA
RPRX
RPRX
Q1 26
Q4 25
1.05×
0.92×
Q3 25
0.93×
Q2 25
0.84×
Q1 25
0.78×
Q4 24
0.97×
0.74×
Q3 24
0.74×
Q2 24
0.78×

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
RPRX
RPRX
Operating Cash FlowLast quarter
$827.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
3.86×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ORA
ORA
RPRX
RPRX
Q1 26
Q4 25
$105.0M
$827.1M
Q3 25
$45.2M
$702.6M
Q2 25
$96.9M
$364.0M
Q1 25
$88.0M
$596.1M
Q4 24
$158.6M
$742.5M
Q3 24
$106.4M
$703.6M
Q2 24
$30.7M
$658.2M
Free Cash Flow
ORA
ORA
RPRX
RPRX
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
ORA
ORA
RPRX
RPRX
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
ORA
ORA
RPRX
RPRX
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
ORA
ORA
RPRX
RPRX
Q1 26
Q4 25
3.35×
3.86×
Q3 25
1.87×
2.44×
Q2 25
3.45×
12.06×
Q1 25
2.18×
2.50×
Q4 24
3.89×
3.57×
Q3 24
4.82×
1.29×
Q2 24
1.38×
6.45×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ORA
ORA

Electricity$181.6M45%
Product$177.4M44%
Energy storage$44.9M11%

RPRX
RPRX

Financial Royalty Assets$592.4M95%
Royalty Income Other$29.6M5%

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