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Friday 6 November 2026
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NET Power Inc.
NPWR Industrials Specialty Industrial Machinery
NET Power Inc.’s revenue for fiscal 2024 (year ended December 2024) was $250,000.00, up 42.9% from fiscal 2023.
- EPS
- −152.8%
- Free cash flow
- +62.4%
Quarter to June 2026, against a year earlier
0.81
0.04
+5.19%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | 1 | 0 | 0 | — | 0 | (34.3%) | 10 | 10 | — | 0.0% | |
| Gross margin, % | — | — | — | — | — | — | 52.59 | 98.29 | 87.60 | — | 57.60 | +35.0 pt | ||||||
| EBT | — | — | — | — | — | (10) | (55) | (182) | (175) | (1,678) | (1,454) | +258.2% | ||||||
| EBT margin, % | — | — | — | — | — | 0.00 | (9,444.48) | (103,828.00) | (70,089.60) | 0.00 | 0.00 | 0.0 pt | ||||||
| Net income | — | 0 | — | — | — | (10) | (55) | (176) | (165) | (1,673) | (1,451) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | — | — | 0.00 | 0.16 | 0.00 | 0.00 | 0.00 | 0.00 | n/m | |||||
| Earnings | — | — | — | — | — | (1.28) | (14.79) | (0.62) | (0.67) | (7.34) | (6.55) | +54.9% | ||||||
| Cash flow | — | — | — | — | — | (0.17) | (4.49) | (0.70) | (0.43) | (1.53) | (1.54) | +74.1% | ||||||
| Capex | — | — | — | — | — | 0.00 | (0.03) | (0.17) | (0.95) | (0.44) | (0.35) | n/m | ||||||
| Free cash flow | — | — | — | — | — | (0.17) | (4.52) | (0.87) | (1.38) | (1.97) | (1.89) | +85.4% | ||||||
| Book value | — | — | — | — | — | (4.88) | 17.39 | 11.25 | 8.93 | 2.59 | 0.94 | n/m | ||||||
| Shares, m | — | — | — | — | — | 8 | 4 | 70 | 73 | 79 | 83 | +77.3% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | — | 0.00 | 0.0 | |||||
| P/S | — | — | — | — | — | — | 0.00 | 1,710.01 | 2,072.73 | — | 190.95 | 1,260.9 | ||||||
| P/B | — | — | — | — | — | — | 0.58 | 0.88 | 1.19 | — | 0.86 | 0.9 | ||||||
| EV/Sales | — | — | — | — | — | — | 0.00 | 143.69 | 719.49 | — | (631.29) | 287.7 | ||||||
| EV/FCF | — | — | — | — | — | — | (1.95) | (0.96) | (2.66) | — | 1.41 | (1.9) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | — | (1) | (17) | (49) | (32) | (121) | (137) | +208.6% | |||||
| Capex | — | — | — | — | — | — | 0 | (12) | (70) | (34) | (31) | +569.0% | ||||||
| Free cash flow | — | — | — | — | — | (1) | (17) | (61) | (102) | (155) | (167) | +228.6% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | — | 3 | (1) | 629 | 495 | 296 | 295 | +220.6% | |||||
| Net debt | — | — | — | — | — | (3) | (5) | (637) | (507) | (338) | (308) | +238.6% | ||||||
| Shareholders’ equity | — | — | — | — | — | (39) | 64 | 785 | 656 | 204 | 84 | n/m | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | — | — | (5.62) | (25.69) | (6.06) | (2.06) | (39.99) | (49.00) | (34.4) pt | |||||
| ROIC | — | — | — | — | — | 0.00 | (52.78) | (96.09) | (76.50) | 0.00 | 0.00 | 0.0 pt | ||||||
| ROE | — | — | — | — | — | 0.00 | (430.43) | (18.18) | (6.83) | (134.64) | (149.00) | (134.6) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | 2 | 2 | 43 | 68 | 54 | — | +128.0% | |||||
| Revenue/emp, $m | — | — | — | — | — | 0.00 | 0.29 | 0.00 | 0.00 | 0.00 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2024 · latest quarter Sep 2024 · fundamentals updated 26 Oct 2026
NET Power Inc. vs peers in Specialty Industrial Machinery (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| TWIN Twin Disc, Incorporated | $334.0M | 10.6× | 32.4× | +10.94% (above 0%: growing) | n/m | +205.28% (above 0%: growing) | 28.65% | 5.16% | Compare |
| GFUZ General Fusion Group Ltd. | $322.0M | — | — | — | n/m | — | — | 0.00% | Compare |
| OFLX Omega Flex, Inc. | $246.1M | 23.0× | — | +6.04% (above 0%: growing) | −37.84% (below 0%: shrinking) | −181.45% (below 0%: shrinking) | 51.61% | 10.04% | Compare |
| RR Richtech Robotics Inc. | $188.7M | — (loss-making) | — (loss-making) | +16.65% (above 0%: growing) | n/m | −359.25% (below 0%: shrinking) | 58.41% | (966.28%) | Compare |
| TAYD Taylor Devices, Inc. | $178.2M | 26.5× | 21.4× | −26.40% (below 0%: shrinking) | −80.00% (below 0%: shrinking) | +2,426.56% (above 0%: growing) | 29.57% | 0.53% | Compare |
| NPWR NET Power Inc. | $172.0M | — (loss-making) | — | −76.00% (below 0%: shrinking) | n/m | +62.40% (above 0%: growing) | 91.67% | 0.00% | |
| SHMD SCHMID Group N.V. | $148.5M | 42.8× | — | — | n/m | +677.93% (above 0%: growing) | — | — | Compare |
| HURC Hurco Companies, Inc. | $136.7M | — (loss-making) | 18.8× | +3.24% (above 0%: growing) | n/m | +65.43% (above 0%: growing) | 27.88% | 4.85% | Compare |
| NWCL Newcleo plc | $130.3M | — (loss-making) | — | — | n/m | −33.33% (below 0%: shrinking) | — | 0.00% | Compare |
| Median of peers | $183.5M | 24.8× | 21.4× | +6.04% | — | +65.43% | 29.57% | 0.53% |
Pay and ownership Proxy statement filed 23 April 2026
Ownership
Directors and executive officers, together
2.20%
OLCV NET Power, LLC
39.80%
Constellation Energy Generation, LLC
16.30%
NPEH, LLC
9.40%
Baker Hughes Energy Services LLC
8.30%
Daniel J. Rice, IV
3.30%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement