Black Hills (BKH) vs Ormat Technologies (ORA)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Black Hills (BKH) has outperformed Ormat Technologies (ORA) over the past year, gaining 23.9% versus a loss of 14.2%. Over five years, ORA leads with a +26.1% price change compared with +17.5% for BKH. Black Hills is the larger company by market cap ($5.78 billion vs $5.53 billion), about 1.0 times the size, while Ormat Technologies is growing revenue faster (+12.5% vs +8.6%).
On valuation, Black Hills trades at a lower forward P/E (16.4x vs 35.3x for Ormat Technologies). Black Hills offers the higher dividend yield (3.64% vs 0.53%). Black Hills converts more of its revenue into profit, with a net margin of 12.6% versus 12.5%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | BKH | ORA |
|---|---|---|
| Share price | $75.84 | $89.97 |
| Market cap | $5.78B | $5.53B |
| 1-day change | +7.21% | -3.33% |
| YTD return | +9.25% | -18.56% |
| 1-year return | +23.88% | -14.17% |
| 5-year return | +17.45% | +26.13% |
| P/E ratio (TTM) | 19.10 | 44.10 |
| Forward P/E | 16.39 | 35.26 |
| EPS (TTM) | $3.97 | $2.04 |
| Dividend yield | 3.64% | 0.53% |
| Annual dividend | $2.76 | $0.48 |
| Revenue (latest FY) | $2.31B | $989.54M |
| Revenue growth (YoY) | +8.57% | +12.49% |
| Net income (latest FY) | $291.60M | $123.90M |
| Gross margin | — | 27.56% |
| Operating margin | 23.27% | 17.10% |
| Net margin | 12.62% | 12.52% |
| 52-week high | $78.69 | $146.39 |
| 52-week low | $59.91 | $87.06 |
| Distance from 52-week high | -3.62% | -38.54% |
| Analyst consensus | strong_buy | buy |
| Avg. price target upside | +8.12% | +41.90% |
| Average volume | 921.94K | 850.17K |
| Shares outstanding | 76.25M | 61.50M |
| Employees | 2,795 | 1,648 |
| Sector | Utilities | Utilities |
| Industry | Electric Utilities: Central | Electric Utilities: Central |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- BKH has outperformed ORA by 38.0 percentage points over the past year.
- Ormat Technologies trades at a higher earnings multiple (44.1x vs 19.1x trailing P/E).
- Black Hills offers a meaningfully higher dividend yield (3.64% vs 0.53%).
About Black Hills
BKH stock →Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. The company operates through the Electric Utilities and Gas Utilities segments.
Utilities · Electric Utilities: Central · 2,795 employees
About Ormat Technologies
ORA stock →Ormat Technologies, Inc. engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guatemala, Guadeloupe, New Zealand, Honduras, France, Indonesia, the Philippines, and internationally.
Utilities · Electric Utilities: Central · 1,648 employees
BKH vs ORA FAQ
Which is bigger, Black Hills or Ormat Technologies?
Black Hills (BKH) is larger, with a market capitalization of $5.78B compared with $5.53B for Ormat Technologies (ORA).
Which stock has performed better over the past year, BKH or ORA?
BKH returned +23.88% over the past 12 months, compared with -14.17% for ORA (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, BKH or ORA?
BKH has the lower trailing P/E at 19.1, versus 44.1 for ORA. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Black Hills or Ormat Technologies?
Black Hills has the higher yield at 3.64%, compared with 0.53% for Ormat Technologies.
Are Black Hills and Ormat Technologies in the same industry?
Yes. Both are classified in the Electric Utilities: Central industry within the Utilities sector.