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NET POWER INC (NPWR) Stock Fundamental Analysis

NYSE:NPWR - US64107A1051 - Common Stock

2.53 USD
+0.22 (+9.52%)
Last: 8/22/2025, 8:27:29 PM
2.48 USD
-0.05 (-1.98%)
After Hours: 8/22/2025, 8:27:29 PM
Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to NPWR. NPWR was compared to 93 industry peers in the Electrical Equipment industry. The financial health of NPWR is average, but there are quite some concerns on its profitability. 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.
NPWR had a negative operating cash flow in each of the past 5 years.
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 61.29% of its industry peers.
NPWR has a Return On Equity of -27.61%. This is comparable to the rest of the industry: NPWR outperforms 55.91% of its industry peers.
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's Gross Margin of 91.67% is amongst the best of the industry. NPWR outperforms 100.00% of its industry peers.
NPWR's Gross Margin has improved in the last couple of years.
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.
NPWR has more shares outstanding than it did 1 year ago.
NPWR has a worse debt/assets ratio than last year.
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 0.02. 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 0.02. This is comparable to the rest of the industry: NPWR outperforms 48.39% of its industry peers.
A Debt/Equity ratio of 0.00 indicates that NPWR is not too dependend on debt financing.
The Debt to Equity ratio of NPWR (0.00) is better than 81.72% of its industry peers.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z 0.02
ROIC/WACCN/A
WACC8.97%
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

NPWR has a Current Ratio of 28.65. This indicates that NPWR is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of NPWR (28.65) is better than 98.92% of its industry peers.
NPWR has a Quick Ratio of 28.65. This indicates that NPWR is financially healthy and has no problem in meeting its short term obligations.
The Quick ratio of NPWR (28.65) is better than 98.92% 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

The Earnings Per Share has grown by an impressive 376.00% over the past year.
NPWR shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -94.96%.
NPWR shows a very negative growth in Revenue. Measured over the last years, the Revenue has been decreasing by -50.81% yearly.
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 11.14% on average over the next years. This is quite good.
NPWR is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 261.03% yearly.
EPS Next Y-9.61%
EPS Next 2Y11.03%
EPS Next 3Y11.14%
EPS Next 5YN/A
Revenue Next Year77.78%
Revenue Next 2Y482.88%
Revenue Next 3Y160.99%
Revenue Next 5Y261.03%

3.3 Evolution

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
NPWR Yearly Revenue VS EstimatesNPWR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2020 2021 2022 2023 2024 2025 2026 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

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2

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 0.92, the valuation of NPWR can be described as very cheap.
Based on the Price/Earnings ratio, NPWR is valued cheaply inside the industry as 98.92% of the companies are valued more expensively.
NPWR is valuated cheaply when we compare the Price/Earnings ratio to 27.24, which is the current average of the S&P500 Index.
The Forward Price/Earnings Ratio is negative for NPWR. No positive earnings are expected for the next year.
Industry RankSector Rank
PE 0.92
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 2Y11.03%
EPS Next 3Y11.14%

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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 (8/22/2025, 8:27:29 PM)

After market: 2.48 -0.05 (-1.98%)

2.53

+0.22 (+9.52%)

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 Owners84.66%
Inst Owner Change-3.4%
Ins Owners0.87%
Ins Owner Change18.89%
Market Cap554.63M
Analysts81.67
Price Target7.65 (202.37%)
Short Float %8.09%
Short Ratio2.98
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)0%
PT rev (3m)-4.25%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)-32.68%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 0.92
Fwd PE N/A
P/S 46218.88
P/FCF N/A
P/OCF N/A
P/B 0.85
P/tB N/A
EV/EBITDA N/A
EPS(TTM)2.76
EY109.09%
EPS(NY)-0.51
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 0.02
F-Score3
WACC8.97%
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-9.61%
EPS Next 2Y11.03%
EPS Next 3Y11.14%
EPS Next 5YN/A
Revenue 1Y (TTM)-94.96%
Revenue growth 3Y-50.81%
Revenue growth 5YN/A
Sales Q2Q%-100%
Revenue Next Year77.78%
Revenue Next 2Y482.88%
Revenue Next 3Y160.99%
Revenue Next 5Y261.03%
EBIT growth 1Y-51.7%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year-14.38%
EBIT Next 3Y15.72%
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