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NET POWER INC (NPWR) Stock Fundamental Analysis

USA - NYSE:NPWR - US64107A1051 - Common Stock

3.12 USD
+0.07 (+2.3%)
Last: 10/2/2025, 8:24:43 PM
3.23 USD
+0.11 (+3.53%)
Pre-Market: 10/3/2025, 5:10:49 AM
Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to NPWR. NPWR was compared to 92 industry peers in the Electrical Equipment industry. NPWR scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. NPWR is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

In the past year NPWR was profitable.
In the past year NPWR has reported a negative cash flow from operations.
NPWR had negative earnings in each of the past 5 years.
In the past 5 years NPWR always reported negative operating cash flow.
NPWR Yearly Net Income VS EBIT VS OCF VS FCFNPWR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2020 2021 2022 2023 2024 -50M -100M -150M -200M

1.2 Ratios

NPWR has a Return On Assets of -7.89%. This is in the better half of the industry: NPWR outperforms 60.87% of its industry peers.
Looking at the Return On Equity, with a value of -27.61%, NPWR is in line with its industry, outperforming 56.52% of the companies in the same industry.
Industry RankSector Rank
ROA -7.89%
ROE -27.61%
ROIC N/A
ROA(3y)-26.47%
ROA(5y)-32.03%
ROE(3y)-38.32%
ROE(5y)-41.72%
ROIC(3y)N/A
ROIC(5y)N/A
NPWR Yearly ROA, ROE, ROICNPWR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2020 2021 2022 2023 2024 -20 -40 -60 -80

1.3 Margins

NPWR has a better Gross Margin (91.67%) than 100.00% of its industry peers.
In the last couple of years the Gross Margin of NPWR has grown nicely.
The Profit Margin and Operating Margin are not available for NPWR so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 91.67%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y13.15%
GM growth 5YN/A
NPWR Yearly Profit, Operating, Gross MarginsNPWR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2020 2021 2022 2023 2024 0 -20K -40K -60K -80K -100K

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5

2. Health

2.1 Basic Checks

NPWR does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, NPWR has more shares outstanding
Compared to 1 year ago, NPWR has a worse debt to assets ratio.
NPWR Yearly Shares OutstandingNPWR Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 2024 50M 100M 150M 200M
NPWR Yearly Total Debt VS Total AssetsNPWR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

2.2 Solvency

NPWR has an Altman-Z score of 0.08. This is a bad value and indicates that NPWR is not financially healthy and even has some risk of bankruptcy.
NPWR has a Altman-Z score of 0.08. This is comparable to the rest of the industry: NPWR outperforms 47.83% of its industry peers.
NPWR has a Debt/Equity ratio of 0.00. This is a healthy value indicating a solid balance between debt and equity.
NPWR has a Debt to Equity ratio of 0.00. This is amongst the best in the industry. NPWR outperforms 82.61% of its industry peers.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z 0.08
ROIC/WACCN/A
WACC8.76%
NPWR Yearly LT Debt VS Equity VS FCFNPWR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2020 2021 2022 2023 2024 0 200M 400M 600M

2.3 Liquidity

A Current Ratio of 28.65 indicates that NPWR has no problem at all paying its short term obligations.
The Current ratio of NPWR (28.65) is better than 98.91% of its industry peers.
A Quick Ratio of 28.65 indicates that NPWR has no problem at all paying its short term obligations.
NPWR's Quick ratio of 28.65 is amongst the best of the industry. NPWR outperforms 98.91% of its industry peers.
Industry RankSector Rank
Current Ratio 28.65
Quick Ratio 28.65
NPWR Yearly Current Assets VS Current LiabilitesNPWR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 2024 200M 400M 600M

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5

3. Growth

3.1 Past

NPWR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 376.00%, which is quite impressive.
Looking at the last year, NPWR shows a very negative growth in Revenue. The Revenue has decreased by -94.96% in the last year.
Measured over the past years, NPWR shows a very negative growth in Revenue. The Revenue has been decreasing by -50.81% on average per year.
EPS 1Y (TTM)376%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-500%
Revenue 1Y (TTM)-94.96%
Revenue growth 3Y-50.81%
Revenue growth 5YN/A
Sales Q2Q%-100%

3.2 Future

The Earnings Per Share is expected to grow by 8.49% on average over the next years. This is quite good.
Based on estimates for the next years, NPWR will show a very strong growth in Revenue. The Revenue will grow by 261.03% on average per year.
EPS Next Y-19.51%
EPS Next 2Y7.05%
EPS Next 3Y8.49%
EPS Next 5YN/A
Revenue Next Year-100%
Revenue Next 2Y-41.42%
Revenue Next 3Y80.96%
Revenue Next 5Y261.03%

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
NPWR Yearly Revenue VS EstimatesNPWR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2020 2021 2022 2023 2024 2027 2028 2029 2030 100M 200M 300M 400M
NPWR Yearly EPS VS EstimatesNPWR Yearly EPS VS EstimatesYearly EPS VS Estimates 2023 2024 2025 2026 2027 -0.2 -0.4 -0.6 -0.8

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2

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 1.13, the valuation of NPWR can be described as very cheap.
Based on the Price/Earnings ratio, NPWR is valued cheaper than 100.00% of the companies in the same industry.
When comparing the Price/Earnings ratio of NPWR to the average of the S&P500 Index (27.86), we can say NPWR is valued rather cheaply.
The Forward Price/Earnings Ratio is negative for NPWR. No positive earnings are expected for the next year.
Industry RankSector Rank
PE 1.13
Fwd PE N/A
NPWR Price Earnings VS Forward Price EarningsNPWR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20 30

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
NPWR Per share dataNPWR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 -2 -4

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y7.05%
EPS Next 3Y8.49%

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0

5. Dividend

5.1 Amount

NPWR does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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NET POWER INC

NYSE:NPWR (10/2/2025, 8:24:43 PM)

Premarket: 3.23 +0.11 (+3.53%)

3.12

+0.07 (+2.3%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)08-11 2025-08-11/amc
Earnings (Next)11-10 2025-11-10
Inst Owners83.56%
Inst Owner Change-3.31%
Ins Owners0.87%
Ins Owner Change18.89%
Market Cap683.97M
Analysts81.67
Price Target4.9 (57.05%)
Short Float %7.25%
Short Ratio4.14
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)1480.29%
Min EPS beat(2)-209.6%
Max EPS beat(2)3170.18%
EPS beat(4)2
Avg EPS beat(4)702.52%
Min EPS beat(4)-258.86%
Max EPS beat(4)3170.18%
EPS beat(8)4
Avg EPS beat(8)210.37%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-4%
PT rev (3m)-36%
EPS NQ rev (1m)-19.16%
EPS NQ rev (3m)-34.63%
EPS NY rev (1m)-4.43%
EPS NY rev (3m)-9.03%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-100%
Revenue NY rev (3m)-100%
Valuation
Industry RankSector Rank
PE 1.13
Fwd PE N/A
P/S 56997.2
P/FCF N/A
P/OCF N/A
P/B 1.04
P/tB N/A
EV/EBITDA N/A
EPS(TTM)2.76
EY88.46%
EPS(NY)-0.57
Fwd EYN/A
FCF(TTM)-0.6
FCFYN/A
OCF(TTM)-0.3
OCFYN/A
SpS0
BVpS2.99
TBVpS-4.31
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -7.89%
ROE -27.61%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 91.67%
FCFM N/A
ROA(3y)-26.47%
ROA(5y)-32.03%
ROE(3y)-38.32%
ROE(5y)-41.72%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y13.15%
GM growth 5YN/A
F-Score3
Asset Turnover0
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 76.59%
Cap/Sales 541883%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 28.65
Quick Ratio 28.65
Altman-Z 0.08
F-Score3
WACC8.76%
ROIC/WACCN/A
Cap/Depr(3y)36.51%
Cap/Depr(5y)N/A
Cap/Sales(3y)11539.4%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)376%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-500%
EPS Next Y-19.51%
EPS Next 2Y7.05%
EPS Next 3Y8.49%
EPS Next 5YN/A
Revenue 1Y (TTM)-94.96%
Revenue growth 3Y-50.81%
Revenue growth 5YN/A
Sales Q2Q%-100%
Revenue Next Year-100%
Revenue Next 2Y-41.42%
Revenue Next 3Y80.96%
Revenue Next 5Y261.03%
EBIT growth 1Y-51.7%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year-10.14%
EBIT Next 3Y-1.67%
EBIT Next 5YN/A
FCF growth 1Y-132.8%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-23.77%
OCF growth 3YN/A
OCF growth 5YN/A