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ORMAT TECHNOLOGIES, INC.（ORA）与REPLIGEN CORP（RGEN）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REPLIGEN CORP的1.4倍（$276.0M vs $197.9M），ORMAT TECHNOLOGIES, INC.净利率更高（11.4% vs 6.7%，领先4.6%），ORMAT TECHNOLOGIES, INC.同比增速更快（19.6% vs 13.6%），REPLIGEN CORP自由现金流更多（$17.6M vs $-40.0M），过去两年REPLIGEN CORP的营收复合增速更高（14.4% vs 11.0%）
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。
Repligen是一家全球生命科学企业，专注于创新生物工艺技术与系统的研发及商业化，助力提升生物药生产效率。公司1981年成立，总部位于美国马萨诸塞州沃尔瑟姆，于纳斯达克挂牌上市，股票代码RGEN，截至2025年全球员工超1900人，主要服务生物制药领域客户。
ORA vs RGEN — 直观对比
营收规模更大
ORA
是对方的1.4倍
$197.9M
营收增速更快
ORA
高出6.0%
13.6%
净利率更高
ORA
高出4.6%
6.7%
自由现金流更多
RGEN
多$57.6M
$-40.0M
两年增速更快
RGEN
近两年复合增速
11.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $276.0M | $197.9M |
| 净利润 | $31.4M | $13.3M |
| 毛利率 | 28.6% | 52.5% |
| 营业利润率 | 15.4% | 9.0% |
| 净利率 | 11.4% | 6.7% |
| 营收同比 | 19.6% | 13.6% |
| 净利润同比 | -23.2% | 143.9% |
| 每股收益（稀释后） | $0.51 | $0.24 |
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ORARGEN
| Q4 25 | $276.0M | $197.9M | ||
| Q3 25 | $249.7M | $188.8M | ||
| Q2 25 | $234.0M | $182.4M | ||
| Q1 25 | $229.8M | $169.2M | ||
| Q4 24 | $230.7M | $174.1M | ||
| Q3 24 | $211.8M | $154.9M | ||
| Q2 24 | $213.0M | $154.1M | ||
| Q1 24 | $224.2M | $151.3M |
净利润ORARGEN
| Q4 25 | $31.4M | $13.3M | ||
| Q3 25 | $24.1M | $14.9M | ||
| Q2 25 | $28.0M | $14.9M | ||
| Q1 25 | $40.4M | $5.8M | ||
| Q4 24 | $40.8M | $-30.3M | ||
| Q3 24 | $22.1M | $-654.0K | ||
| Q2 24 | $22.2M | $3.3M | ||
| Q1 24 | $38.6M | $2.1M |
毛利率ORARGEN
| Q4 25 | 28.6% | 52.5% | ||
| Q3 25 | 25.6% | 53.2% | ||
| Q2 25 | 24.3% | 50.0% | ||
| Q1 25 | 31.7% | 53.6% | ||
| Q4 24 | 31.9% | 26.1% | ||
| Q3 24 | 27.8% | 50.0% | ||
| Q2 24 | 28.8% | 49.8% | ||
| Q1 24 | 35.2% | 49.5% |
营业利润率ORARGEN
| Q4 25 | 15.4% | 9.0% | ||
| Q3 25 | 16.2% | 8.9% | ||
| Q2 25 | 15.1% | 7.6% | ||
| Q1 25 | 22.2% | 3.9% | ||
| Q4 24 | 21.3% | -17.7% | ||
| Q3 24 | 16.8% | -5.1% | ||
| Q2 24 | 16.5% | 1.0% | ||
| Q1 24 | 23.5% | 1.3% |
净利率ORARGEN
| Q4 25 | 11.4% | 6.7% | ||
| Q3 25 | 9.7% | 7.9% | ||
| Q2 25 | 12.0% | 8.2% | ||
| Q1 25 | 17.6% | 3.4% | ||
| Q4 24 | 17.7% | -17.4% | ||
| Q3 24 | 10.4% | -0.4% | ||
| Q2 24 | 10.4% | 2.2% | ||
| Q1 24 | 17.2% | 1.4% |
每股收益（稀释后）ORARGEN
| Q4 25 | $0.51 | $0.24 | ||
| Q3 25 | $0.39 | $0.26 | ||
| Q2 25 | $0.46 | $0.26 | ||
| Q1 25 | $0.66 | $0.10 | ||
| Q4 24 | $0.67 | $-0.55 | ||
| Q3 24 | $0.36 | $-0.01 | ||
| Q2 24 | $0.37 | $0.06 | ||
| Q1 24 | $0.64 | $0.04 |
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 | $767.6M |
| 总债务越低越好 | $2.7B | $542.2M |
| 股东权益账面价值 | $2.5B | $2.1B |
| 总资产 | $6.2B | $2.9B |
| 负债/权益比越低杠杆越低 | 1.05× | 0.26× |
8季度趋势，按日历期对齐
现金及短期投资ORARGEN
| Q4 25 | $147.4M | $767.6M | ||
| Q3 25 | $79.6M | $748.7M | ||
| Q2 25 | $88.5M | $708.9M | ||
| Q1 25 | $112.7M | $697.2M | ||
| Q4 24 | $94.4M | $757.4M | ||
| Q3 24 | $88.1M | $784.0M | ||
| Q2 24 | $66.3M | $809.1M | ||
| Q1 24 | $201.5M | $780.6M |
总债务ORARGEN
| Q4 25 | $2.7B | $542.2M | ||
| Q3 25 | — | $537.9M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.3B | $525.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ORARGEN
| Q4 25 | $2.5B | $2.1B | ||
| Q3 25 | $2.5B | $2.1B | ||
| Q2 25 | $2.5B | $2.1B | ||
| Q1 25 | $2.5B | $2.0B | ||
| Q4 24 | $2.4B | $2.0B | ||
| Q3 24 | $2.4B | $2.0B | ||
| Q2 24 | $2.4B | $2.0B | ||
| Q1 24 | $2.4B | $2.0B |
总资产ORARGEN
| Q4 25 | $6.2B | $2.9B | ||
| Q3 25 | $6.1B | $2.9B | ||
| Q2 25 | $6.0B | $2.9B | ||
| Q1 25 | $5.8B | $2.9B | ||
| Q4 24 | $5.7B | $2.8B | ||
| Q3 24 | $5.6B | $2.8B | ||
| Q2 24 | $5.5B | $2.9B | ||
| Q1 24 | $5.5B | $2.8B |
负债/权益比ORARGEN
| Q4 25 | 1.05× | 0.26× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.97× | 0.27× | ||
| 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 | $25.7M |
| 自由现金流经营现金流 - 资本支出 | $-40.0M | $17.6M |
| 自由现金流率自由现金流/营收 | -14.5% | 8.9% |
| 资本支出强度资本支出/营收 | 52.6% | 4.1% |
| 现金转化率经营现金流/净利润 | 3.35× | 1.93× |
| 过去12个月自由现金流最近4个季度 | $-284.7M | $93.9M |
8季度趋势，按日历期对齐
经营现金流ORARGEN
| Q4 25 | $105.0M | $25.7M | ||
| Q3 25 | $45.2M | $48.1M | ||
| Q2 25 | $96.9M | $28.6M | ||
| Q1 25 | $88.0M | $15.0M | ||
| Q4 24 | $158.6M | $39.2M | ||
| Q3 24 | $106.4M | $49.3M | ||
| Q2 24 | $30.7M | $42.2M | ||
| Q1 24 | $115.2M | $44.7M |
自由现金流ORARGEN
| Q4 25 | $-40.0M | $17.6M | ||
| Q3 25 | $-102.1M | $43.4M | ||
| Q2 25 | $-37.9M | $21.5M | ||
| Q1 25 | $-104.6M | $11.4M | ||
| Q4 24 | $30.9M | $33.6M | ||
| Q3 24 | $-3.3M | $42.3M | ||
| Q2 24 | $-116.1M | $37.4M | ||
| Q1 24 | $11.8M | $36.4M |
自由现金流率ORARGEN
| Q4 25 | -14.5% | 8.9% | ||
| Q3 25 | -40.9% | 23.0% | ||
| Q2 25 | -16.2% | 11.8% | ||
| Q1 25 | -45.5% | 6.8% | ||
| Q4 24 | 13.4% | 19.3% | ||
| Q3 24 | -1.6% | 27.3% | ||
| Q2 24 | -54.5% | 24.3% | ||
| Q1 24 | 5.3% | 24.0% |
资本支出强度ORARGEN
| Q4 25 | 52.6% | 4.1% | ||
| Q3 25 | 59.0% | 2.5% | ||
| Q2 25 | 57.6% | 3.9% | ||
| Q1 25 | 83.8% | 2.1% | ||
| Q4 24 | 55.4% | 3.2% | ||
| Q3 24 | 51.8% | 4.5% | ||
| Q2 24 | 69.0% | 3.1% | ||
| Q1 24 | 46.1% | 5.5% |
现金转化率ORARGEN
| Q4 25 | 3.35× | 1.93× | ||
| Q3 25 | 1.87× | 3.23× | ||
| Q2 25 | 3.45× | 1.92× | ||
| Q1 25 | 2.18× | 2.57× | ||
| Q4 24 | 3.89× | — | ||
| Q3 24 | 4.82× | — | ||
| Q2 24 | 1.38× | 12.70× | ||
| Q1 24 | 2.99× | 21.35× |
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% |
RGEN
暂无分部数据
