Fervo Energy Company (FRVO) vs XPLR Infrastructure, LP (XIFR)

Fervo Energy Company and XPLR Infrastructure, LP are both Utilities Renewable companies. Fervo Energy Company is the larger, with a market value of $2.3B against $1.4B — 1.6× the size. Fervo Energy Company has negative trailing earnings, so its P/E is not meaningful; XPLR Infrastructure, LP trades at 3.6×. XPLR Infrastructure, LP has the higher net margin (12.3% vs 0.00%) and the higher return on invested capital (0.30% vs −4.71%). Across the 15 metrics below, XPLR Infrastructure, LP leads on 11 and Fervo Energy Company on 4.

Valuation

Metric FRVO XIFR Utilities Renewable median
P/E n/m 3.58 14.42
P/S n/m 0.56 1.78
P/B 0.43 0.06 0.88
Price to free cash flow n/m n/m 11.75
EV/EBITDA 10.16 8.54 10.16
EV/Sales n/m 5.15 3.74
Earnings yield (83.41%) 27.93% (11.66%)
Free cash flow yield (53.85%) (27.78%) (27.02%)

Profitability

Metric FRVO XIFR Utilities Renewable median
Gross margin 0.00% 100.00% 40.59%
Operating margin 0.00% 6.40% 0.00%
Net margin 0.00% 12.31% 0.00%
Free cash flow margin 0.00% (15.67%) (1.11%)
Return on equity 0.00% 1.39% 0.00%
Return on assets 0.00% 0.79% (0.07%)
Return on invested capital (4.71%) 0.30% 0.00%

Growth

Metric FRVO XIFR Utilities Renewable median
Revenue growth (TTM) — (1.14%) 16.77%
EPS growth (last fiscal year) (71.25%) (21.95%) 28.57%
Revenue growth, 5-year CAGR — 5.31% 7.01%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric FRVO XIFR Utilities Renewable median
Debt to equity 0.08 0.57 0.37
Current ratio 8.62 0.88 0.98
Net debt to EBITDA 6.21 11.37 3.56

Dividend

Metric FRVO XIFR Utilities Renewable median
Dividend yield — 0.00% 3.15%
Payout ratio — 0.00 0.17

Size

Metric FRVO XIFR Utilities Renewable median
Market cap 2.30b 1.41b 849.13m

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