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Side-by-side financial comparison of ORMAT TECHNOLOGIES, INC. (ORA) and SL GREEN REALTY CORP (SLG). Click either name above to swap in a different company.

SL GREEN REALTY CORP is the larger business by last-quarter revenue ($276.5M vs $276.0M, roughly 1.0× ORMAT TECHNOLOGIES, INC.). ORMAT TECHNOLOGIES, INC. runs the higher net margin — 11.4% vs -36.5%, a 47.8% gap on every dollar of revenue. On growth, ORMAT TECHNOLOGIES, INC. posted the faster year-over-year revenue change (19.6% vs 12.4%). Over the past eight quarters, SL GREEN REALTY CORP's revenue compounded faster (21.3% CAGR vs 11.0%).

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...

SL Green Realty Corp. is a real estate investment trust that primarily invests in office buildings and shopping centers in New York City. As of December 31, 2024, the company owned interests in 39 properties comprising 25,297,353 square feet, primarily in Manhattan. It has been referred to as "New York City’s largest office landlord".

ORA vs SLG — Head-to-Head

Bigger by revenue
SLG
SLG
1.0× larger
SLG
$276.5M
$276.0M
ORA
Growing faster (revenue YoY)
ORA
ORA
+7.2% gap
ORA
19.6%
12.4%
SLG
Higher net margin
ORA
ORA
47.8% more per $
ORA
11.4%
-36.5%
SLG
Faster 2-yr revenue CAGR
SLG
SLG
Annualised
SLG
21.3%
11.0%
ORA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ORA
ORA
SLG
SLG
Revenue
$276.0M
$276.5M
Net Profit
$31.4M
$-100.8M
Gross Margin
28.6%
Operating Margin
15.4%
64.2%
Net Margin
11.4%
-36.5%
Revenue YoY
19.6%
12.4%
Net Profit YoY
-23.2%
-870.0%
EPS (diluted)
$0.51
$-1.49

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
SLG
SLG
Q4 25
$276.0M
$276.5M
Q3 25
$249.7M
$244.8M
Q2 25
$234.0M
$241.9M
Q1 25
$229.8M
$239.8M
Q4 24
$230.7M
$245.9M
Q3 24
$211.8M
$229.7M
Q2 24
$213.0M
$222.8M
Q1 24
$224.2M
$187.9M
Net Profit
ORA
ORA
SLG
SLG
Q4 25
$31.4M
$-100.8M
Q3 25
$24.1M
$28.6M
Q2 25
$28.0M
$-7.4M
Q1 25
$40.4M
$-17.3M
Q4 24
$40.8M
$19.1M
Q3 24
$22.1M
$-9.5M
Q2 24
$22.2M
$1.6M
Q1 24
$38.6M
$16.9M
Gross Margin
ORA
ORA
SLG
SLG
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%
Q1 24
35.2%
Operating Margin
ORA
ORA
SLG
SLG
Q4 25
15.4%
64.2%
Q3 25
16.2%
85.5%
Q2 25
15.1%
53.4%
Q1 25
22.2%
56.7%
Q4 24
21.3%
59.8%
Q3 24
16.8%
65.1%
Q2 24
16.5%
79.2%
Q1 24
23.5%
Net Margin
ORA
ORA
SLG
SLG
Q4 25
11.4%
-36.5%
Q3 25
9.7%
11.7%
Q2 25
12.0%
-3.0%
Q1 25
17.6%
-7.2%
Q4 24
17.7%
7.8%
Q3 24
10.4%
-4.2%
Q2 24
10.4%
0.7%
Q1 24
17.2%
9.0%
EPS (diluted)
ORA
ORA
SLG
SLG
Q4 25
$0.51
$-1.49
Q3 25
$0.39
$0.34
Q2 25
$0.46
$-0.16
Q1 25
$0.66
$-0.30
Q4 24
$0.67
$0.13
Q3 24
$0.36
$-0.21
Q2 24
$0.37
$-0.04
Q1 24
$0.64
$0.20

Balance Sheet & Financial Strength

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

Metric
ORA
ORA
SLG
SLG
Cash + ST InvestmentsLiquidity on hand
$147.4M
$155.7M
Total DebtLower is stronger
$2.7B
Stockholders' EquityBook value
$2.5B
$3.7B
Total Assets
$6.2B
$11.1B
Debt / EquityLower = less leverage
1.05×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ORA
ORA
SLG
SLG
Q4 25
$147.4M
$155.7M
Q3 25
$79.6M
$187.0M
Q2 25
$88.5M
$182.9M
Q1 25
$112.7M
$180.1M
Q4 24
$94.4M
$184.3M
Q3 24
$88.1M
$188.2M
Q2 24
$66.3M
$199.5M
Q1 24
$201.5M
$196.0M
Total Debt
ORA
ORA
SLG
SLG
Q4 25
$2.7B
Q3 25
Q2 25
Q1 25
Q4 24
$2.3B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ORA
ORA
SLG
SLG
Q4 25
$2.5B
$3.7B
Q3 25
$2.5B
$3.8B
Q2 25
$2.5B
$3.8B
Q1 25
$2.5B
$3.8B
Q4 24
$2.4B
$4.0B
Q3 24
$2.4B
$3.6B
Q2 24
$2.4B
$3.7B
Q1 24
$2.4B
$3.7B
Total Assets
ORA
ORA
SLG
SLG
Q4 25
$6.2B
$11.1B
Q3 25
$6.1B
$11.1B
Q2 25
$6.0B
$11.3B
Q1 25
$5.8B
$11.4B
Q4 24
$5.7B
$10.5B
Q3 24
$5.6B
$10.2B
Q2 24
$5.5B
$9.5B
Q1 24
$5.5B
$9.8B
Debt / Equity
ORA
ORA
SLG
SLG
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
SLG
SLG
Operating Cash FlowLast quarter
$105.0M
$82.9M
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
ORA
ORA
SLG
SLG
Q4 25
$105.0M
$82.9M
Q3 25
$45.2M
$-6.8M
Q2 25
$96.9M
$54.5M
Q1 25
$88.0M
$6.7M
Q4 24
$158.6M
$129.6M
Q3 24
$106.4M
$16.7M
Q2 24
$30.7M
$79.4M
Q1 24
$115.2M
$-24.7M
Free Cash Flow
ORA
ORA
SLG
SLG
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
ORA
ORA
SLG
SLG
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
ORA
ORA
SLG
SLG
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
ORA
ORA
SLG
SLG
Q4 25
3.35×
Q3 25
1.87×
-0.24×
Q2 25
3.45×
Q1 25
2.18×
Q4 24
3.89×
6.77×
Q3 24
4.82×
Q2 24
1.38×
50.33×
Q1 24
2.99×
-1.46×

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%

SLG
SLG

Real Estate Segment$223.1M81%
Other$35.9M13%
Debt And Preferred Equity Segment$17.4M6%

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