Fervo Energy FRVO

Gross profit: 4 periods, Q1 FY25 to Q2 FY26: not printed by the filing, worked out from its own lines.

Income tax: Q1 FY25: 6 months less the 3 months printed beside them.

From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.

Companies in Regulated Electric nearest Fervo Energy's size, closest first.

Company	Market cap	PE	Its 10y median PE	Fwd PE	P/S	Revenue growth	Net margin
FRVOFervo Energy	$2.4B	n/m	n/a		n/m	n/m	n/m
AVAAvista	$3.2B	13.6×	18.8×		1.6×	−2%	11.8%
OTTROtter Tail	$3.8B	19.5×	17.1×		2.9×	+0%	14.8%
HEHawaiian Electric Industries	$1.5B	6.5×	18.7×		0.4×	+5%	6.8%
NWENorthWestern Energy	$4.8B	28.0×	16.1×		2.8×	+11%	10.1%
PORPortland General Electric	$5.2B	19.6×	19.7×		1.5×	+1%	n/m
ORAOrmat Technologies	$5.4B	42.7×	41.8×		4.5×	+31%	10.7%
UTLUnitil	$1B	17.5×	20.2×		1.7×	+21%	9.5%
TXNMTXNM Energy	$6B	32.4×	25.4×		2.7×	+10%	8.8%
BKHBlack Hills	$6.1B	20.1×	17.7×		2.6×	+3%	13.0%
XIFRXPLR Infrastructure	$892.8M	14.6×	14.6×		0.7×	−3%	5.2%
Peer median	$4.3B	19.6×	18.8×		2.2×	+4%	10.1%

Investors we follow who held Fervo Energy at the end of Jun 30, 2026, from their 13F filings.

• Andreas HalvorsenViking Global Investors0.1% of portfolionew
• Ron BaronBaron Capital0.0% of portfolionew
• Gavin BakerAtreides Management0.0% of portfolionew

Each number over time

• Revenue
• EPS
• Free cash flow
• Shares outstanding

Its groups

• Regulated Electric
• Utilities

Industry

Regulated Electric

Sector

Utilities