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Fervo Energy CoFRVO -0.41%8 Debt-to-EBITDA is -5.10 as of Dec. 2025. GuruFocus rates FRVO with a GF Score™ of 8/100. The stock has 1 warning sign investors should review. Among 348 Utilities - Independent Power Producers companies, Fervo Energy Co ranks worse than 287356.03% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for Fervo Energy Co's Debt-to-EBITDA or its related term are showing as below:
FRVO'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -5.1 Med: -3.57 Max: -2.04
Current: -5.1
During the past 2 years, the highest Debt-to-EBITDA Ratio of Fervo Energy Co was -2.04. The lowest was -5.10. And the median was -3.57.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Fervo Energy Co Debt-to-EBITDA Related Terms
Fervo Energy Co Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Fervo Energy Co's Debt-to-EBITDA can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Fervo Energy Co Debt-to-EBITDA Chart
Fervo Energy Co Annual Data
Trend
Dec24
Dec25
Debt-to-EBITDA
-2.04
-5.10
Fervo Energy Co Semi-Annual Data
Dec24
Dec25
Debt-to-EBITDA
-2.04
-5.10
FRVO vs ORA, MWH, CWEN: Debt-to-EBITDA Comparison
For the Utilities - Renewable subindustry, Fervo Energy Co's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Fervo Energy Co Debt-to-EBITDA vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Fervo Energy Co's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Fervo Energy Co's Debt-to-EBITDA falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is one times the quarterly (Dec. 2025) EBITDA data.
Fervo Energy Co (FRVO) has a Debt-to-EBITDA of -5.10 as of Dec. 2025. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Fervo Energy Co. According to the industry distribution chart, Fervo Energy Co ranks #999999 out of 348 companies in the Utilities - Independent Power Producers industry.
Is Fervo Energy Co's Debt-to-EBITDA too high?
Fervo Energy Co's current Debt-to-EBITDA is -5.10. Based on the distribution chart, Fervo Energy Co ranks #999999 out of 348 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Fervo Energy Co has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Fervo Energy Co's Debt-to-EBITDA compare to ORA and MWH?
According to the Utilities - Independent Power Producers industry distribution chart, Fervo Energy Co ranks #999999 out of 348 companies for Debt-to-EBITDA. This places Fervo Energy Co in the lower half of its industry. The industry median Debt-to-EBITDA is 4.96. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for an Utilities - Independent Power Producers company?
The median Debt-to-EBITDA among Utilities - Independent Power Producers companies is 4.96, based on 348 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Fervo Energy Co. For the Utilities - Independent Power Producers industry, the median Debt-to-EBITDA is 4.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fervo Energy Co's current Debt-to-EBITDA is -5.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fervo Energy Co stock overvalued right now?
Fervo Energy Co (FRVO) has a current Debt-to-EBITDA of -5.10. The current Debt-to-EBITDA is -5.10. Fervo Energy Co's overall GF Score™ is 8/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Fervo Energy Co (FRVO), the current Debt-to-EBITDA is -5.10 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Fervo Energy Co operates as a geothermal energy developer that builds, owns, and operates geothermal power facilities. Its innovations include technologies such as computational models, horizontal drilling, and distributed fiber optic sensing. The company's revenue is derived mainly from the sale of electricity from geothermal resources, facilitated through long-term PPAs with utilities and other entities.
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