Fervo Energy Company (FRVO) Key Metrics
FRVO valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $2.85B
- Enterprise value
- $3.06B
- P/E (TTM)
- —
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- —
- Price / book
- 1.7
- EV / EBITDA
- —
- Dividend yield
- —
- Beta
- —
FRVO key metrics, 2024–2025
Fiscal year ended December 31, 2025 · U.S. dollarsFRVO returns How much profit the business earns on the capital it uses.
FRVO per-share figures Results divided by the shares outstanding at year-end.
FRVO financial health Debt, liquidity and how easily interest is covered.
FRVO efficiency & capital use Working capital cycle and where the cash goes.
FRVO returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
FRVO debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
FRVO cash returned to shareholders
FRVO key metrics
2024–2025| 2025 | 2024 | |
|---|---|---|
| Per share | ||
| Revenue per share | $0.00 | $0.00 |
| Earnings per share | −$0.25 | −$0.14 |
| Operating cash flow per share | −$0.11 | −$0.19 |
| Free cash flow per share | −$1.75 | −$0.82 |
| Cash per share | $1.63 | $0.68 |
| Book value per share | −$0.87 | −$0.62 |
| Tangible book value per share | −$0.87 | −$0.62 |
| Capex per share | $1.64 | $0.63 |
| Debt per share | $0.88 | $0.14 |
| Shares outstanding | 283.6M | 283.6M |
| Change in shares outstanding | 0.0% | — |
| Returns & profitability | ||
| Return on assets (ROA) | −7.4% | −7.7% |
| Return on tangible assets | −5.2% | −7.7% |
| Financial health | ||
| Total debt | $250.3M | $39.0M |
| Cash & short-term investments | $461.8M | $193.4M |
| Net debt | −$211.5M | −$154.4M |
| Debt / assets | 0.18 | 0.07 |
| Current ratio | 3.17 | 3.07 |
| Quick ratio | 3.17 | 3.07 |
| Interest coverage | -5.8 | -54.6 |
| Working capital | $330.2M | $138.5M |
| Invested capital | −$458.0M | −$331.6M |
| Tangible asset value | −$66.6M | −$177.2M |
| Net current asset value | −$949.6M | −$503.2M |
| Graham net-net per share | −$3.39 | −$1.82 |
| Capital allocation | ||
| Share buybacks (net) | $1.9M | $0 |
| Capex / revenue | 337,434.1% | 89,795.5% |
| Capex / depreciation | 1,605.72 | 1,441.07 |
| Stock-based compensation / revenue | 1,931.2% | 688.4% |
| R&D / revenue | 96.4% | 48.7% |
| SG&A / revenue | 35,071.7% | 20,919.6% |
| Efficiency | ||
| Days sales outstanding | 27,983.3 | — |
| Days payables outstanding | 12,334.9 | 33,653.0 |
| Cash conversion cycle (days) | 15,648.4 | — |
| Receivables turnover | 0.01 | — |
| Payables turnover | 0.03 | 0.01 |
| Asset turnover | 0.00 | 0.00 |
| Average receivables | $10.6M | — |
| Average payables | $22.9M | $35.0M |
| Intangibles / total assets | 0.0% | 0.0% |
Computed from FRVO's annual financial statements (latest annual report filed December 31, 2025) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
FRVO valuation and financial ratios
It ended the year with $250.3 million of debt and $461.8 million in cash and short-term investments, a net cash position of $211.5 million. It returned $1.9 million to shareholders: $0 in dividends and $1.9 million in share buybacks.
See the FRVO income statement, the FRVO chart for price history, or the FRVO stock overview for the latest quote and news.
FRVO key metrics FAQ
How much debt does Fervo Energy have?
Fervo Energy had total debt of $250.3 million at the end of fiscal 2025 and more cash than debt.
Does Fervo Energy buy back its shares?
Yes. Fervo Energy spent $1.9 million on net share repurchases in fiscal 2025 Shares outstanding changed 0.0% over the year, to 283.6M..
What is Fervo Energy's current ratio?
Fervo Energy's current ratio was 3.17 at the end of fiscal 2025: current assets were 3.17 times current liabilities.