COMP <GO>
FRVO vs HE // EV/EBITDA & P/E VALUATION
Fervo Energy Company (NASDAQ) VS. Hawaiian Electric Industries Inc. (NYSE) • 15-METRIC TALLY: FRVO 8
— HE 3
■ METRIC PARITY
LAST: $8.99 (+7.92%) • MKT CAP: $2.65B
valuation
17.9x
LAST: $8.55 (+1.91%) • MKT CAP: $1.48B
valuation
—
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (FRVO VS. HE)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | FRVO | HE | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 38.50% | 16.80% | +21.70 | FRVO | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | 17.9x | — | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | 2.21% | 3.38% | -1.17 | HE | /fcf-yield <GO> |
| Operating Margin | 13.90% | 7.60% | +6.30 | FRVO | /operating-margins <GO> |
| Net Profit Margin | 10.90% | 4.00% | +6.90 | FRVO | /net-margins <GO> |
| Revenue Growth (YoY) | 4.40% | -4.10% | +8.50 | FRVO | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 3.40% | 0.00% | +3.40 | FRVO | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 4.72 | 0.51 | +4.21 | FRVO | /balance-sheet <GO> |
| Piotroski F-Score Quality | 8/9 | 6/9 | +2.00 | FRVO | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 36.4 | 44.5 | -8.14 | HE | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 0.63 | — | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | 30.5x | 11.2x | +19.30 | HE | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $2.65B | $1.48B | $1.17B | FRVO | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | FRVO REV | HE REV | FRVO GROSS % | HE GROSS % | FRVO FCF | HE FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $0 | $3.09B | — | — | $0 | $49.9M |
| FY 2024 | — | $3.22B | — | — | — | $143.2M |
| FY 2023 | — | $3.29B | — | — | — | $551.5M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
FRVO // BETA 0.63
HE // BETA —