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ORMAT TECHNOLOGIES, INC.（ORA）与QUALYS, INC.（QLYS）财务数据对比。点击上方公司名可切换其他公司
ORMAT TECHNOLOGIES, INC.的季度营收约是QUALYS, INC.的1.6倍（$276.0M vs $175.3M），QUALYS, INC.净利率更高（30.3% vs 11.4%，领先19.0%），ORMAT TECHNOLOGIES, INC.同比增速更快（19.6% vs 10.1%），QUALYS, INC.自由现金流更多（$74.9M vs $-40.0M），过去两年ORMAT TECHNOLOGIES, INC.的营收复合增速更高（11.0% vs 9.6%）
Ormat Technologies是总部位于美国内华达州里诺的跨国企业，主打可再生地热能源技术，累计建成超190座电站，总装机容量超3200兆瓦；截至2021年1月自主运营933兆瓦地热及余热回收电站，还向全球多国供应超千台涡轮增压器。
Qualys是总部位于美国加利福尼亚州福斯特城的科技企业，专注于云安全、合规管理及相关服务，为客户提供覆盖云环境的安全防护与合规解决方案，助力企业应对各类网络安全风险，满足不同行业的合规运营需求。
ORA vs QLYS — 直观对比
营收规模更大
ORA
是对方的1.6倍
$175.3M
营收增速更快
ORA
高出9.5%
10.1%
净利率更高
QLYS
高出19.0%
11.4%
自由现金流更多
QLYS
多$115.0M
$-40.0M
两年增速更快
ORA
近两年复合增速
9.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $276.0M | $175.3M |
| 净利润 | $31.4M | $53.1M |
| 毛利率 | 28.6% | 83.4% |
| 营业利润率 | 15.4% | 33.6% |
| 净利率 | 11.4% | 30.3% |
| 营收同比 | 19.6% | 10.1% |
| 净利润同比 | -23.2% | 20.9% |
| 每股收益（稀释后） | $0.51 | $1.47 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ORAQLYS
| Q4 25 | $276.0M | $175.3M | ||
| Q3 25 | $249.7M | $169.9M | ||
| Q2 25 | $234.0M | $164.1M | ||
| Q1 25 | $229.8M | $159.9M | ||
| Q4 24 | $230.7M | $159.2M | ||
| Q3 24 | $211.8M | $153.9M | ||
| Q2 24 | $213.0M | $148.7M | ||
| Q1 24 | $224.2M | $145.8M |
净利润ORAQLYS
| Q4 25 | $31.4M | $53.1M | ||
| Q3 25 | $24.1M | $50.3M | ||
| Q2 25 | $28.0M | $47.3M | ||
| Q1 25 | $40.4M | $47.5M | ||
| Q4 24 | $40.8M | $44.0M | ||
| Q3 24 | $22.1M | $46.2M | ||
| Q2 24 | $22.2M | $43.8M | ||
| Q1 24 | $38.6M | $39.7M |
毛利率ORAQLYS
| Q4 25 | 28.6% | 83.4% | ||
| Q3 25 | 25.6% | 83.6% | ||
| Q2 25 | 24.3% | 82.4% | ||
| Q1 25 | 31.7% | 81.9% | ||
| Q4 24 | 31.9% | 81.8% | ||
| Q3 24 | 27.8% | 81.3% | ||
| Q2 24 | 28.8% | 82.2% | ||
| Q1 24 | 35.2% | 81.3% |
营业利润率ORAQLYS
| Q4 25 | 15.4% | 33.6% | ||
| Q3 25 | 16.2% | 35.3% | ||
| Q2 25 | 15.1% | 31.3% | ||
| Q1 25 | 22.2% | 32.4% | ||
| Q4 24 | 21.3% | 31.0% | ||
| Q3 24 | 16.8% | 29.2% | ||
| Q2 24 | 16.5% | 32.3% | ||
| Q1 24 | 23.5% | 30.7% |
净利率ORAQLYS
| Q4 25 | 11.4% | 30.3% | ||
| Q3 25 | 9.7% | 29.6% | ||
| Q2 25 | 12.0% | 28.8% | ||
| Q1 25 | 17.6% | 29.7% | ||
| Q4 24 | 17.7% | 27.6% | ||
| Q3 24 | 10.4% | 30.0% | ||
| Q2 24 | 10.4% | 29.4% | ||
| Q1 24 | 17.2% | 27.2% |
每股收益（稀释后）ORAQLYS
| Q4 25 | $0.51 | $1.47 | ||
| Q3 25 | $0.39 | $1.39 | ||
| Q2 25 | $0.46 | $1.29 | ||
| Q1 25 | $0.66 | $1.29 | ||
| Q4 24 | $0.67 | $1.19 | ||
| Q3 24 | $0.36 | $1.24 | ||
| Q2 24 | $0.37 | $1.17 | ||
| Q1 24 | $0.64 | $1.05 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $147.4M | $250.3M |
| 总债务越低越好 | $2.7B | — |
| 股东权益账面价值 | $2.5B | $561.2M |
| 总资产 | $6.2B | $1.1B |
| 负债/权益比越低杠杆越低 | 1.05× | — |
8季度趋势，按日历期对齐
现金及短期投资ORAQLYS
| Q4 25 | $147.4M | $250.3M | ||
| Q3 25 | $79.6M | $225.3M | ||
| Q2 25 | $88.5M | $194.0M | ||
| Q1 25 | $112.7M | $290.7M | ||
| Q4 24 | $94.4M | $232.2M | ||
| Q3 24 | $88.1M | $235.4M | ||
| Q2 24 | $66.3M | $281.2M | ||
| Q1 24 | $201.5M | $273.8M |
总债务ORAQLYS
| Q4 25 | $2.7B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ORAQLYS
| Q4 25 | $2.5B | $561.2M | ||
| Q3 25 | $2.5B | $529.4M | ||
| Q2 25 | $2.5B | $508.2M | ||
| Q1 25 | $2.5B | $498.0M | ||
| Q4 24 | $2.4B | $477.1M | ||
| Q3 24 | $2.4B | $449.6M | ||
| Q2 24 | $2.4B | $427.8M | ||
| Q1 24 | $2.4B | $404.2M |
总资产ORAQLYS
| Q4 25 | $6.2B | $1.1B | ||
| Q3 25 | $6.1B | $1.0B | ||
| Q2 25 | $6.0B | $999.5M | ||
| Q1 25 | $5.8B | $996.5M | ||
| Q4 24 | $5.7B | $973.5M | ||
| Q3 24 | $5.6B | $908.3M | ||
| Q2 24 | $5.5B | $876.6M | ||
| Q1 24 | $5.5B | $861.8M |
负债/权益比ORAQLYS
| Q4 25 | 1.05× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.97× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $105.0M | $75.7M |
| 自由现金流经营现金流 - 资本支出 | $-40.0M | $74.9M |
| 自由现金流率自由现金流/营收 | -14.5% | 42.8% |
| 资本支出强度资本支出/营收 | 52.6% | 0.4% |
| 现金转化率经营现金流/净利润 | 3.35× | 1.42× |
| 过去12个月自由现金流最近4个季度 | $-284.7M | $304.4M |
8季度趋势，按日历期对齐
经营现金流ORAQLYS
| Q4 25 | $105.0M | $75.7M | ||
| Q3 25 | $45.2M | $90.4M | ||
| Q2 25 | $96.9M | $33.8M | ||
| Q1 25 | $88.0M | $109.6M | ||
| Q4 24 | $158.6M | $47.7M | ||
| Q3 24 | $106.4M | $61.0M | ||
| Q2 24 | $30.7M | $49.8M | ||
| Q1 24 | $115.2M | $85.5M |
自由现金流ORAQLYS
| Q4 25 | $-40.0M | $74.9M | ||
| Q3 25 | $-102.1M | $89.5M | ||
| Q2 25 | $-37.9M | $32.4M | ||
| Q1 25 | $-104.6M | $107.5M | ||
| Q4 24 | $30.9M | $41.9M | ||
| Q3 24 | $-3.3M | $57.6M | ||
| Q2 24 | $-116.1M | $48.8M | ||
| Q1 24 | $11.8M | $83.5M |
自由现金流率ORAQLYS
| Q4 25 | -14.5% | 42.8% | ||
| Q3 25 | -40.9% | 52.7% | ||
| Q2 25 | -16.2% | 19.8% | ||
| Q1 25 | -45.5% | 67.3% | ||
| Q4 24 | 13.4% | 26.3% | ||
| Q3 24 | -1.6% | 37.4% | ||
| Q2 24 | -54.5% | 32.8% | ||
| Q1 24 | 5.3% | 57.2% |
资本支出强度ORAQLYS
| Q4 25 | 52.6% | 0.4% | ||
| Q3 25 | 59.0% | 0.5% | ||
| Q2 25 | 57.6% | 0.8% | ||
| Q1 25 | 83.8% | 1.3% | ||
| Q4 24 | 55.4% | 3.7% | ||
| Q3 24 | 51.8% | 2.2% | ||
| Q2 24 | 69.0% | 0.7% | ||
| Q1 24 | 46.1% | 1.4% |
现金转化率ORAQLYS
| Q4 25 | 3.35× | 1.42× | ||
| Q3 25 | 1.87× | 1.80× | ||
| Q2 25 | 3.45× | 0.71× | ||
| Q1 25 | 2.18× | 2.31× | ||
| Q4 24 | 3.89× | 1.09× | ||
| Q3 24 | 4.82× | 1.32× | ||
| Q2 24 | 1.38× | 1.14× | ||
| Q1 24 | 2.99× | 2.15× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ORA
| Electricity | $186.6M | 68% |
| Products | $63.1M | 23% |
| Energy Storage Segment | $26.3M | 10% |
| Product Segment | $1.2M | 0% |
QLYS
| Sales Channel Through Intermediary | $88.6M | 51% |
| Sales Channel Directly To Consumer | $86.7M | 49% |
