Fervo Energy Co (FRVO) is a Utilities stock trading at $16.91 (as of 2026-08-21), with a market capitalization of $160.13M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.
Understand Fervo Energy Co: how it makes money
Fervo Energy Co is a utilities company, and it makes money by generating revenue from its operations (the provided dataset does not include details on its specific products or revenue drivers).
In the latest reported period, Fervo Energy Co shows deeply negative gross margin and operating margin, meaning costs exceeded revenue in that quarter.
Business quality (Weak): Data limits: no business model details, no official reportable segment breakdown, and no operating KPI labels were provided, so this overview relies only on the latest-period margin figures.
Bull case
If costs come down, losses could narrow quickly: Both gross margin and operating margin are negative in the latest quarter, so operational improvement that reduces cost intensity relative to revenue would be the most direct path to improving profitability (specific drivers are not provided in the dataset).
Bear case
Profitability is currently severely negative: For 2026-03-31, reported gross margin_pct is -690.2 and operating_margin_pct is -32872.1, indicating costs exceeded revenue and the operating loss is large (exact causes are not provided).
Revenue figure is reported as 0.0B in the dataset: The dataset shows revenue_b of 0.0 for 2026-03-31, which raises uncertainty about scale, timing, or reporting granularity for interpreting margin performance.
Valuation — source: SEC EDGAR (first-party)
Price
$16.91
Market Cap
$160.13M
FCF Yield
-168.7%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)
$138000.00
Net Margin
-41875.4%
Revenue Growth (YoY)
-30.7%
FCF Growth (YoY)
113.1%
Financial Health — source: SEC EDGAR
Altman Z-Score
-0.02 (distress)
Valuation vs Sector & Industry
Sector P/E (Utilities)
20.8
Industry P/E (Utilities)
20.1
Company
Sector
Utilities
Industry
Utilities
Related Companies (Business model: Regulated Utility (Electric / Gas); 8 closest by market cap; US-domiciled)