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ORMAT TECHNOLOGIES, INC.（ORA）与Rocket Lab Corp（RKLB）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Rocket Lab Corp的1.5倍（$276.0M vs $179.7M），ORMAT TECHNOLOGIES, INC.净利率更高（11.4% vs -29.5%，领先40.8%），Rocket Lab Corp同比增速更快（35.7% vs 19.6%），ORMAT TECHNOLOGIES, INC.自由现金流更多（$-40.0M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% 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。
Rocket Lab是公开上市的航空航天制造商及发射服务提供商，旗下Electron轨道火箭主打小型卫星发射，截至2026年1月已成功完成超75次任务，是全球现役发射次数最多的小型运载火箭。公司还开发了Electron的亚轨道改型HASTE用作高超音速技术测试平台，下一代可复用中型运载火箭Neutron目前也在研发中。
ORA vs RKLB — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $276.0M | $179.7M |
| 净利润 | $31.4M | $-52.9M |
| 毛利率 | 28.6% | 38.0% |
| 营业利润率 | 15.4% | -28.4% |
| 净利率 | 11.4% | -29.5% |
| 营收同比 | 19.6% | 35.7% |
| 净利润同比 | -23.2% | -1.1% |
| 每股收益（稀释后） | $0.51 | $-0.09 |
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
| Q4 25 | $276.0M | $179.7M | ||
| Q3 25 | $249.7M | $155.1M | ||
| Q2 25 | $234.0M | $144.5M | ||
| Q1 25 | $229.8M | $122.6M | ||
| Q4 24 | $230.7M | $132.4M | ||
| Q3 24 | $211.8M | $104.8M | ||
| Q2 24 | $213.0M | $106.3M | ||
| Q1 24 | $224.2M | $92.8M |
| Q4 25 | $31.4M | $-52.9M | ||
| Q3 25 | $24.1M | $-18.3M | ||
| Q2 25 | $28.0M | $-66.4M | ||
| Q1 25 | $40.4M | $-60.6M | ||
| Q4 24 | $40.8M | $-52.3M | ||
| Q3 24 | $22.1M | $-51.9M | ||
| Q2 24 | $22.2M | $-41.6M | ||
| Q1 24 | $38.6M | $-44.3M |
| Q4 25 | 28.6% | 38.0% | ||
| Q3 25 | 25.6% | 37.0% | ||
| Q2 25 | 24.3% | 32.1% | ||
| Q1 25 | 31.7% | 28.8% | ||
| Q4 24 | 31.9% | 27.8% | ||
| Q3 24 | 27.8% | 26.7% | ||
| Q2 24 | 28.8% | 25.6% | ||
| Q1 24 | 35.2% | 26.1% |
| Q4 25 | 15.4% | -28.4% | ||
| Q3 25 | 16.2% | -38.0% | ||
| Q2 25 | 15.1% | -41.3% | ||
| Q1 25 | 22.2% | -48.3% | ||
| Q4 24 | 21.3% | -38.9% | ||
| Q3 24 | 16.8% | -49.5% | ||
| Q2 24 | 16.5% | -40.7% | ||
| Q1 24 | 23.5% | -46.4% |
| Q4 25 | 11.4% | -29.5% | ||
| Q3 25 | 9.7% | -11.8% | ||
| Q2 25 | 12.0% | -46.0% | ||
| Q1 25 | 17.6% | -49.5% | ||
| Q4 24 | 17.7% | -39.5% | ||
| Q3 24 | 10.4% | -49.6% | ||
| Q2 24 | 10.4% | -39.2% | ||
| Q1 24 | 17.2% | -47.7% |
| Q4 25 | $0.51 | $-0.09 | ||
| Q3 25 | $0.39 | $-0.03 | ||
| Q2 25 | $0.46 | $-0.13 | ||
| Q1 25 | $0.66 | $-0.12 | ||
| Q4 24 | $0.67 | $-0.11 | ||
| Q3 24 | $0.36 | $-0.10 | ||
| Q2 24 | $0.37 | $-0.08 | ||
| Q1 24 | $0.64 | $-0.09 |
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 | $1.0B |
| 总债务越低越好 | $2.7B | $152.4M |
| 股东权益账面价值 | $2.5B | $1.7B |
| 总资产 | $6.2B | $2.3B |
| 负债/权益比越低杠杆越低 | 1.05× | 0.09× |
8季度趋势，按日历期对齐
| Q4 25 | $147.4M | $1.0B | ||
| Q3 25 | $79.6M | $976.7M | ||
| Q2 25 | $88.5M | $688.1M | ||
| Q1 25 | $112.7M | $428.4M | ||
| Q4 24 | $94.4M | $419.0M | ||
| Q3 24 | $88.1M | $442.4M | ||
| Q2 24 | $66.3M | $496.8M | ||
| Q1 24 | $201.5M | $492.5M |
| Q4 25 | $2.7B | $152.4M | ||
| Q3 25 | — | $347.0M | ||
| Q2 25 | — | $346.5M | ||
| Q1 25 | — | $345.9M | ||
| Q4 24 | $2.3B | $345.4M | ||
| Q3 24 | — | $61.2M | ||
| Q2 24 | — | $64.2M | ||
| Q1 24 | — | $66.8M |
| Q4 25 | $2.5B | $1.7B | ||
| Q3 25 | $2.5B | $1.3B | ||
| Q2 25 | $2.5B | $688.5M | ||
| Q1 25 | $2.5B | $431.3M | ||
| Q4 24 | $2.4B | $382.5M | ||
| Q3 24 | $2.4B | $419.8M | ||
| Q2 24 | $2.4B | $455.2M | ||
| Q1 24 | $2.4B | $478.9M |
| Q4 25 | $6.2B | $2.3B | ||
| Q3 25 | $6.1B | $2.2B | ||
| Q2 25 | $6.0B | $1.6B | ||
| Q1 25 | $5.8B | $1.3B | ||
| Q4 24 | $5.7B | $1.2B | ||
| Q3 24 | $5.6B | $1.2B | ||
| Q2 24 | $5.5B | $1.2B | ||
| Q1 24 | $5.5B | $1.2B |
| Q4 25 | 1.05× | 0.09× | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | — | 0.50× | ||
| Q1 25 | — | 0.80× | ||
| Q4 24 | 0.97× | 0.90× | ||
| Q3 24 | — | 0.15× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 0.14× |
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 | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $-40.0M | $-114.2M |
| 自由现金流率自由现金流/营收 | -14.5% | -63.6% |
| 资本支出强度资本支出/营收 | 52.6% | 27.6% |
| 现金转化率经营现金流/净利润 | 3.35× | — |
| 过去12个月自由现金流最近4个季度 | $-284.7M | $-321.8M |
8季度趋势，按日历期对齐
| Q4 25 | $105.0M | $-64.5M | ||
| Q3 25 | $45.2M | $-23.5M | ||
| Q2 25 | $96.9M | $-23.2M | ||
| Q1 25 | $88.0M | $-54.2M | ||
| Q4 24 | $158.6M | $-2.4M | ||
| Q3 24 | $106.4M | $-30.9M | ||
| Q2 24 | $30.7M | $-13.0M | ||
| Q1 24 | $115.2M | $-2.6M |
| Q4 25 | $-40.0M | $-114.2M | ||
| Q3 25 | $-102.1M | $-69.4M | ||
| Q2 25 | $-37.9M | $-55.3M | ||
| Q1 25 | $-104.6M | $-82.9M | ||
| Q4 24 | $30.9M | $-23.9M | ||
| Q3 24 | $-3.3M | $-41.9M | ||
| Q2 24 | $-116.1M | $-28.3M | ||
| Q1 24 | $11.8M | $-21.8M |
| Q4 25 | -14.5% | -63.6% | ||
| Q3 25 | -40.9% | -44.8% | ||
| Q2 25 | -16.2% | -38.3% | ||
| Q1 25 | -45.5% | -67.6% | ||
| Q4 24 | 13.4% | -18.1% | ||
| Q3 24 | -1.6% | -40.0% | ||
| Q2 24 | -54.5% | -26.7% | ||
| Q1 24 | 5.3% | -23.5% |
| Q4 25 | 52.6% | 27.6% | ||
| Q3 25 | 59.0% | 29.6% | ||
| Q2 25 | 57.6% | 22.2% | ||
| Q1 25 | 83.8% | 23.4% | ||
| Q4 24 | 55.4% | 16.3% | ||
| Q3 24 | 51.8% | 10.5% | ||
| Q2 24 | 69.0% | 14.4% | ||
| Q1 24 | 46.1% | 20.7% |
| Q4 25 | 3.35× | — | ||
| Q3 25 | 1.87× | — | ||
| Q2 25 | 3.45× | — | ||
| Q1 25 | 2.18× | — | ||
| Q4 24 | 3.89× | — | ||
| Q3 24 | 4.82× | — | ||
| Q2 24 | 1.38× | — | ||
| Q1 24 | 2.99× | — |
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% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
