BEPC vs ORA: Brookfield Renewable and Ormat Technologies compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Ormat Technologies is the larger company, worth $5.4B, close to Brookfield Renewable's $5.3B.
- Ormat Technologies grew revenue faster over the last year (+10.6% vs -10.0%).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | BEPC | ORA |
|---|---|---|
| Market cap | $5.3B | $5.4B |
| Share price | $29.63 | $88.92 |
| Revenue (last fiscal year) | $3.7B | $990M |
| Free cash flow (last fiscal year) | -$636M | -$285M |
| Revenue growth, last year | -10.0% | +10.6% |
| Revenue growth per year, last 5 fiscal years | +2.6% | +10.5% |
| Operating margin | — | 16.6% |
| Net margin | -62.9% | 10.7% |
| Return on equity | -2020.7% | 4.9% |
| P/E (trailing) | — | 42.1x |
| Price / free cash flow | — | — |
| EV / EBITDA | 38.2x | 14.6x |
| FCF growth the price implies | — | — |
| Dividend yield | 5.4% | 0.56% |
| Debt / equity | 304.1x | 1.56x |
| Fundamental grade | F | D |
| Superinvestors holding it | 3 | 3 |
| Insider purchases, last 12 months | 0 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Brookfield Renewable
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $3.4B | -$959M | — |
| 2022 | $3.8B | $437M | — |
| 2023 | $4.0B | $575M | — |
| 2024 | $4.1B | -$400M | — |
| 2025 | $3.7B | -$636M | — |
Ormat Technologies
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $663M | -$160M | 25.5% |
| 2022 | $734M | -$283M | 20.8% |
| 2023 | $829M | -$309M | 20.1% |
| 2024 | $880M | -$77M | 19.6% |
| 2025 | $990M | -$285M | 17.1% |
Where the revenue comes from
Brookfield Renewable · by segments, 2025
Hydroelectric$2.5B67%
Utility-scale solar$622M17%
Wind$451M12%
Distributed energy & sustainable solutions$163M4%
Ormat Technologies · by segments, 2025
Electricity$694M70%
Product$217M22%
Energy storage$79M8%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open BEPC in InvestinglyQuestions
Which is bigger, Brookfield Renewable or Ormat Technologies?
Ormat Technologies (ORA), at $5.4B against $5.3B.
Which grows faster, BEPC or ORA?
Ormat Technologies: revenue grew +10.6% over the last year, against -10.0%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.