• Ormat Technologies average return on tangible equity for 2024 was 6.28, a 16.95% decline from 2023.
• Ormat Technologies average return on tangible equity for 2023 was 5.37, a 29.71% increase from 2022.
• Ormat Technologies average return on tangible equity for 2022 was 4.14, a 0.73% increase from 2021.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.