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

Walker & Dunlop, Inc. is the larger business by last-quarter revenue ($340.0M vs $276.0M, roughly 1.2× ORMAT TECHNOLOGIES, INC.). ORMAT TECHNOLOGIES, INC. runs the higher net margin — 11.4% vs -12.9%, a 24.3% gap on every dollar of revenue. On growth, ORMAT TECHNOLOGIES, INC. posted the faster year-over-year revenue change (19.6% vs -0.4%). ORMAT TECHNOLOGIES, INC. produced more free cash flow last quarter ($-40.0M vs $-680.1M). Over the past eight quarters, Walker & Dunlop, Inc.'s revenue compounded faster (22.1% 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...

Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.

ORA vs WD — Head-to-Head

Bigger by revenue
WD
WD
1.2× larger
WD
$340.0M
$276.0M
ORA
Growing faster (revenue YoY)
ORA
ORA
+20.0% gap
ORA
19.6%
-0.4%
WD
Higher net margin
ORA
ORA
24.3% more per $
ORA
11.4%
-12.9%
WD
More free cash flow
ORA
ORA
$640.0M more FCF
ORA
$-40.0M
$-680.1M
WD
Faster 2-yr revenue CAGR
WD
WD
Annualised
WD
22.1%
11.0%
ORA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ORA
ORA
WD
WD
Revenue
$276.0M
$340.0M
Net Profit
$31.4M
$-13.9M
Gross Margin
28.6%
Operating Margin
15.4%
-17.2%
Net Margin
11.4%
-12.9%
Revenue YoY
19.6%
-0.4%
Net Profit YoY
-23.2%
-131.0%
EPS (diluted)
$0.51
$-0.41

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
WD
WD
Q4 25
$276.0M
$340.0M
Q3 25
$249.7M
$337.7M
Q2 25
$234.0M
$319.2M
Q1 25
$229.8M
$237.4M
Q4 24
$230.7M
$341.5M
Q3 24
$211.8M
$292.3M
Q2 24
$213.0M
$270.7M
Q1 24
$224.2M
$228.1M
Net Profit
ORA
ORA
WD
WD
Q4 25
$31.4M
$-13.9M
Q3 25
$24.1M
$33.5M
Q2 25
$28.0M
$34.0M
Q1 25
$40.4M
$2.8M
Q4 24
$40.8M
$44.8M
Q3 24
$22.1M
$28.8M
Q2 24
$22.2M
$22.7M
Q1 24
$38.6M
$11.9M
Gross Margin
ORA
ORA
WD
WD
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
WD
WD
Q4 25
15.4%
-17.2%
Q3 25
16.2%
13.6%
Q2 25
15.1%
14.5%
Q1 25
22.2%
2.2%
Q4 24
21.3%
15.3%
Q3 24
16.8%
12.8%
Q2 24
16.5%
10.4%
Q1 24
23.5%
6.0%
Net Margin
ORA
ORA
WD
WD
Q4 25
11.4%
-12.9%
Q3 25
9.7%
9.9%
Q2 25
12.0%
10.6%
Q1 25
17.6%
1.2%
Q4 24
17.7%
13.1%
Q3 24
10.4%
9.9%
Q2 24
10.4%
8.4%
Q1 24
17.2%
5.2%
EPS (diluted)
ORA
ORA
WD
WD
Q4 25
$0.51
$-0.41
Q3 25
$0.39
$0.98
Q2 25
$0.46
$0.99
Q1 25
$0.66
$0.08
Q4 24
$0.67
$1.32
Q3 24
$0.36
$0.85
Q2 24
$0.37
$0.67
Q1 24
$0.64
$0.35

Balance Sheet & Financial Strength

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

Metric
ORA
ORA
WD
WD
Cash + ST InvestmentsLiquidity on hand
$147.4M
$299.3M
Total DebtLower is stronger
$2.7B
Stockholders' EquityBook value
$2.5B
$1.7B
Total Assets
$6.2B
$5.1B
Debt / EquityLower = less leverage
1.05×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ORA
ORA
WD
WD
Q4 25
$147.4M
$299.3M
Q3 25
$79.6M
$274.8M
Q2 25
$88.5M
$233.7M
Q1 25
$112.7M
$181.0M
Q4 24
$94.4M
$279.3M
Q3 24
$88.1M
$179.8M
Q2 24
$66.3M
$208.1M
Q1 24
$201.5M
$216.5M
Total Debt
ORA
ORA
WD
WD
Q4 25
$2.7B
Q3 25
Q2 25
Q1 25
Q4 24
$2.3B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ORA
ORA
WD
WD
Q4 25
$2.5B
$1.7B
Q3 25
$2.5B
$1.8B
Q2 25
$2.5B
$1.8B
Q1 25
$2.5B
$1.7B
Q4 24
$2.4B
$1.7B
Q3 24
$2.4B
$1.7B
Q2 24
$2.4B
$1.7B
Q1 24
$2.4B
$1.7B
Total Assets
ORA
ORA
WD
WD
Q4 25
$6.2B
$5.1B
Q3 25
$6.1B
$5.8B
Q2 25
$6.0B
$4.7B
Q1 25
$5.8B
$4.5B
Q4 24
$5.7B
$4.4B
Q3 24
$5.6B
$4.6B
Q2 24
$5.5B
$4.2B
Q1 24
$5.5B
$3.8B
Debt / Equity
ORA
ORA
WD
WD
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
WD
WD
Operating Cash FlowLast quarter
$105.0M
$-664.3M
Free Cash FlowOCF − Capex
$-40.0M
$-680.1M
FCF MarginFCF / Revenue
-14.5%
-200.0%
Capex IntensityCapex / Revenue
52.6%
4.6%
Cash ConversionOCF / Net Profit
3.35×
TTM Free Cash FlowTrailing 4 quarters
$-284.7M
$-2.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ORA
ORA
WD
WD
Q4 25
$105.0M
$-664.3M
Q3 25
$45.2M
$-948.1M
Q2 25
$96.9M
$-238.5M
Q1 25
$88.0M
$-281.1M
Q4 24
$158.6M
$129.4M
Q3 24
$106.4M
$-202.0M
Q2 24
$30.7M
$-237.8M
Q1 24
$115.2M
$38.4M
Free Cash Flow
ORA
ORA
WD
WD
Q4 25
$-40.0M
$-680.1M
Q3 25
$-102.1M
$-950.4M
Q2 25
$-37.9M
$-241.0M
Q1 25
$-104.6M
$-284.7M
Q4 24
$30.9M
$116.4M
Q3 24
$-3.3M
$-204.0M
Q2 24
$-116.1M
$-241.7M
Q1 24
$11.8M
$35.2M
FCF Margin
ORA
ORA
WD
WD
Q4 25
-14.5%
-200.0%
Q3 25
-40.9%
-281.5%
Q2 25
-16.2%
-75.5%
Q1 25
-45.5%
-120.0%
Q4 24
13.4%
34.1%
Q3 24
-1.6%
-69.8%
Q2 24
-54.5%
-89.3%
Q1 24
5.3%
15.4%
Capex Intensity
ORA
ORA
WD
WD
Q4 25
52.6%
4.6%
Q3 25
59.0%
0.7%
Q2 25
57.6%
0.8%
Q1 25
83.8%
1.5%
Q4 24
55.4%
3.8%
Q3 24
51.8%
0.7%
Q2 24
69.0%
1.4%
Q1 24
46.1%
1.4%
Cash Conversion
ORA
ORA
WD
WD
Q4 25
3.35×
Q3 25
1.87×
-28.34×
Q2 25
3.45×
-7.02×
Q1 25
2.18×
-102.07×
Q4 24
3.89×
2.89×
Q3 24
4.82×
-7.01×
Q2 24
1.38×
-10.49×
Q1 24
2.99×
3.24×

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%

WD
WD

Segment breakdown not available.

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