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ORMAT TECHNOLOGIES, INC.（ORA）与Tyler Technologies（TYL）财务数据对比。点击上方公司名可切换其他公司
Tyler Technologies的季度营收约是ORMAT TECHNOLOGIES, INC.的1.5倍（$613.5M vs $403.9M），Tyler Technologies净利率更高（13.2% vs 10.9%，领先2.3%），ORMAT TECHNOLOGIES, INC.同比增速更快（75.8% vs 8.6%），过去两年ORMAT TECHNOLOGIES, INC.的营收复合增速更高（37.7% vs 6.5%）
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。
Tyler Technologies, Inc.是总部位于美国得克萨斯州普莱诺的科技企业，主营面向美国公共部门提供自研专有软件，目前在全美17个州设有办事处，另在加拿大安大略省多伦多市设有一处办公网点。
ORA vs TYL — 直观对比
营收规模更大
TYL
是对方的1.5倍
$403.9M
营收增速更快
ORA
高出67.2%
8.6%
净利率更高
TYL
高出2.3%
10.9%
两年增速更快
ORA
近两年复合增速
6.5%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $403.9M | $613.5M |
| 净利润 | $44.1M | $81.2M |
| 毛利率 | 29.8% | 48.3% |
| 营业利润率 | 19.9% | 16.3% |
| 净利率 | 10.9% | 13.2% |
| 营收同比 | 75.8% | 8.6% |
| 净利润同比 | 9.2% | — |
| 每股收益（稀释后） | $0.71 | $1.88 |
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ORATYL
| Q1 26 | $403.9M | $613.5M | ||
| Q4 25 | $276.0M | $575.2M | ||
| Q3 25 | $249.7M | $595.9M | ||
| Q2 25 | $234.0M | $596.1M | ||
| Q1 25 | $229.8M | $565.2M | ||
| Q4 24 | $230.7M | $541.1M | ||
| Q3 24 | $211.8M | $543.3M | ||
| Q2 24 | $213.0M | $541.0M |
净利润ORATYL
| Q1 26 | $44.1M | $81.2M | ||
| Q4 25 | $31.4M | $65.5M | ||
| Q3 25 | $24.1M | $84.4M | ||
| Q2 25 | $28.0M | $84.6M | ||
| Q1 25 | $40.4M | $81.1M | ||
| Q4 24 | $40.8M | $65.2M | ||
| Q3 24 | $22.1M | $75.9M | ||
| Q2 24 | $22.2M | $67.7M |
毛利率ORATYL
| Q1 26 | 29.8% | 48.3% | ||
| Q4 25 | 28.6% | 45.5% | ||
| Q3 25 | 25.6% | 47.2% | ||
| Q2 25 | 24.3% | 45.8% | ||
| Q1 25 | 31.7% | 47.3% | ||
| Q4 24 | 31.9% | 43.8% | ||
| Q3 24 | 27.8% | 43.7% | ||
| Q2 24 | 28.8% | 44.0% |
营业利润率ORATYL
| Q1 26 | 19.9% | 16.3% | ||
| Q4 25 | 15.4% | 13.0% | ||
| Q3 25 | 16.2% | 16.4% | ||
| Q2 25 | 15.1% | 16.0% | ||
| Q1 25 | 22.2% | 15.8% | ||
| Q4 24 | 21.3% | 13.2% | ||
| Q3 24 | 16.8% | 15.2% | ||
| Q2 24 | 16.5% | 14.4% |
净利率ORATYL
| Q1 26 | 10.9% | 13.2% | ||
| Q4 25 | 11.4% | 11.4% | ||
| Q3 25 | 9.7% | 14.2% | ||
| Q2 25 | 12.0% | 14.2% | ||
| Q1 25 | 17.6% | 14.3% | ||
| Q4 24 | 17.7% | 12.1% | ||
| Q3 24 | 10.4% | 14.0% | ||
| Q2 24 | 10.4% | 12.5% |
每股收益（稀释后）ORATYL
| Q1 26 | $0.71 | $1.88 | ||
| Q4 25 | $0.51 | $1.50 | ||
| Q3 25 | $0.39 | $1.93 | ||
| Q2 25 | $0.46 | $1.93 | ||
| Q1 25 | $0.66 | $1.84 | ||
| Q4 24 | $0.67 | $1.48 | ||
| Q3 24 | $0.36 | $1.74 | ||
| Q2 24 | $0.37 | $1.57 |
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 | $654.6M | $346.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.7B | $3.6B |
| 总资产 | $6.8B | $4.8B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ORATYL
| Q1 26 | $654.6M | $346.4M | ||
| Q4 25 | $147.4M | $1.1B | ||
| Q3 25 | $79.6M | $950.8M | ||
| Q2 25 | $88.5M | $892.3M | ||
| Q1 25 | $112.7M | $807.4M | ||
| Q4 24 | $94.4M | $768.0M | ||
| Q3 24 | $88.1M | $544.3M | ||
| Q2 24 | $66.3M | $258.0M |
总债务ORATYL
| Q1 26 | — | — | ||
| Q4 25 | $2.7B | $599.7M | ||
| Q3 25 | — | $599.2M | ||
| Q2 25 | — | $598.8M | ||
| Q1 25 | — | $598.4M | ||
| Q4 24 | $2.3B | $597.9M | ||
| Q3 24 | — | $597.5M | ||
| Q2 24 | — | $597.1M |
股东权益ORATYL
| Q1 26 | $2.7B | $3.6B | ||
| Q4 25 | $2.5B | $3.7B | ||
| Q3 25 | $2.5B | $3.6B | ||
| Q2 25 | $2.5B | $3.6B | ||
| Q1 25 | $2.5B | $3.5B | ||
| Q4 24 | $2.4B | $3.4B | ||
| Q3 24 | $2.4B | $3.3B | ||
| Q2 24 | $2.4B | $3.1B |
总资产ORATYL
| Q1 26 | $6.8B | $4.8B | ||
| Q4 25 | $6.2B | $5.6B | ||
| Q3 25 | $6.1B | $5.5B | ||
| Q2 25 | $6.0B | $5.4B | ||
| Q1 25 | $5.8B | $5.2B | ||
| Q4 24 | $5.7B | $5.2B | ||
| Q3 24 | $5.6B | $5.0B | ||
| Q2 24 | $5.5B | $4.8B |
负债/权益比ORATYL
| Q1 26 | — | — | ||
| Q4 25 | 1.05× | 0.16× | ||
| Q3 25 | — | 0.17× | ||
| Q2 25 | — | 0.16× | ||
| Q1 25 | — | 0.17× | ||
| Q4 24 | 0.97× | 0.18× | ||
| Q3 24 | — | 0.18× | ||
| Q2 24 | — | 0.19× |
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 | — | $107.3M |
| 自由现金流经营现金流 - 资本支出 | — | $2.0M |
| 自由现金流率自由现金流/营收 | — | 0.3% |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | 1.32× |
| 过去12个月自由现金流最近4个季度 | — | $585.7M |
8季度趋势，按日历期对齐
经营现金流ORATYL
| Q1 26 | — | $107.3M | ||
| Q4 25 | $105.0M | $243.9M | ||
| Q3 25 | $45.2M | $255.2M | ||
| Q2 25 | $96.9M | $98.3M | ||
| Q1 25 | $88.0M | $56.2M | ||
| Q4 24 | $158.6M | $224.8M | ||
| Q3 24 | $106.4M | $263.7M | ||
| Q2 24 | $30.7M | $64.3M |
自由现金流ORATYL
| Q1 26 | — | $2.0M | ||
| Q4 25 | $-40.0M | $239.6M | ||
| Q3 25 | $-102.1M | $251.3M | ||
| Q2 25 | $-37.9M | $92.8M | ||
| Q1 25 | $-104.6M | $53.8M | ||
| Q4 24 | $30.9M | $221.0M | ||
| Q3 24 | $-3.3M | $260.8M | ||
| Q2 24 | $-116.1M | $57.7M |
自由现金流率ORATYL
| Q1 26 | — | 0.3% | ||
| Q4 25 | -14.5% | 41.7% | ||
| Q3 25 | -40.9% | 42.2% | ||
| Q2 25 | -16.2% | 15.6% | ||
| Q1 25 | -45.5% | 9.5% | ||
| Q4 24 | 13.4% | 40.8% | ||
| Q3 24 | -1.6% | 48.0% | ||
| Q2 24 | -54.5% | 10.7% |
资本支出强度ORATYL
| Q1 26 | — | — | ||
| Q4 25 | 52.6% | 0.8% | ||
| Q3 25 | 59.0% | 0.7% | ||
| Q2 25 | 57.6% | 0.9% | ||
| Q1 25 | 83.8% | 0.4% | ||
| Q4 24 | 55.4% | 0.7% | ||
| Q3 24 | 51.8% | 0.5% | ||
| Q2 24 | 69.0% | 1.2% |
现金转化率ORATYL
| Q1 26 | — | 1.32× | ||
| Q4 25 | 3.35× | 3.72× | ||
| Q3 25 | 1.87× | 3.02× | ||
| Q2 25 | 3.45× | 1.16× | ||
| Q1 25 | 2.18× | 0.69× | ||
| Q4 24 | 3.89× | 3.45× | ||
| Q3 24 | 4.82× | 3.47× | ||
| Q2 24 | 1.38× | 0.95× |
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 | $181.6M | 45% |
| Product | $177.4M | 44% |
| Energy storage | $44.9M | 11% |
TYL
| Subscriptions | $429.7M | 70% |
| Maintenance | $108.9M | 18% |
| Other | $74.9M | 12% |
