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. In the quarter to June 2026, EPS fell 152.8% and free cash flow grew 62.4%, each against the same quarter a year earlier.

1.00 0.10 −9.09%
Market cap
$247.4M
P/E
0.0×
Fwd P/E
—
Dividend yield
—
F-score
2/9
Altman Z
0.21
Beneish M
−2.14
Dividend safety
n/a

Insider Decisions trades per month

Total sells 25.73
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell 6 8 6 8 2 — 2 — 4 8 — —
Insider Ownership 48.70%

Capital & Financial Ratios $m

Market Cap 247.35
Revenue 0.38
Net Income (1,450.53)
Free Cash Flow (167.33)
Net Debt (308.37)
Current Ratio 17.80 (at or above 1.5: strong)
Debt/Equity 0.00 (at or below 0.5: strong)
P/E ratio 0.00
Fwd P/E —
P/S ratio 235.75 (above 10: high)
P/B ratio 1.06
Past 5Y EPS Growth —
This Y EPS Growth 87.78% (at or above 15%: strong)
Next Y EPS Growth 81.84% (at or above 15%: strong)
Next Y revenue growth 3,900.00% (at or above 10%: strong)
Next 5Y EPS Growth 69.96% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/S against its own 10 years 7.08%
10-year low 10-year high
P/B against its own 10 years 56.96%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 637 508 338 308
Receivables 2 4 1 1
Inventory — — — —
Other — — — —
641 513 344 313
2023 2024 2025 Q'26
Payables 1 3 1 0
ST’ Debt — — — —
Other — — — 4
12 18 47 18

Compound Annual Growth %

10y 5y 3y
Sales — — —
Cash Flow — — 0.00%
Earnings — — 0.00%
Book Value — — 46.84%

Revenue $m

Mar Jun Sep Dec Year
’26 — — — — —
’24 — 0 0 — 0
’23 0 0 — 0 0
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (51) (10) — — —
’25 (20) (25) (48) (28) (121)
’24 (3) (8) (8) (13) (32)
’23 (5) (41) 0 (3) (49)
’22 0 (9) (3) (4) (17)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (59) (11) — — —
’25 (30) (28) (51) (46) (155)
’24 (12) (16) (30) (43) (102)
’23 (6) (43) (3) (8) (61)
’22 0 (9) (3) (4) (17)
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 (0.12) (0.91) — — —
’25 (1.55) (0.36) (5.28) (0.13) (7.34)
’24 (0.16) (0.06) 0.01 (0.46) (0.67)
’23 (4.55) (1.89) (0.44) 5.26 (2.52)
’22 2.04 (3.70) (10.69) (2.43) (14.79)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low — — — — — 9.69 9.71 8.25 6.57 1.48

Analyst estimates 2026–2028

Powerpack
High — — — — — 10.75 10.40 17.62 14.28 11.83
People
People Employees — — — — — 2 2 43 68 54
Revenue/emp, $m — — — — — 0.00 0.29 0.00 0.00 0.00
Income, $m
Income, $m Revenue — — — — — — 1 0 0 —
Gross margin, % — — — — — — 52.59 98.29 87.60 —
EBT — — — — — (10) (55) (182) (175) (1,678)
EBT margin, % — — — — — 0.00 (9,444.48) (103,828.00) (70,089.60) 0.00
Net income — 0 — — — (10) (55) (176) (165) (1,673)
Depreciation — — — — — — 13 51 82 1,575
Per share, $
Per share, $ Revenue — — — — — 0.00 0.16 0.00 0.00 0.00
Earnings — — — — — (1.28) (14.79) (0.81) (0.67) (7.34)
Cash flow — — — — — (0.17) (4.49) (0.70) (0.43) (1.53)
Capex — — — — — 0.00 (0.03) (0.17) (0.95) (0.44)
Free cash flow — — — — — (0.17) (4.52) (0.87) (1.38) (1.97)
Book value — — — — — (4.88) 17.39 11.25 8.93 2.59
Shares, m — — — — — 8 4 70 73 79
Valuation, ×
Valuation, × P/E — — — — — — 0.00 0.00 0.00 —
P/S — — — — — — 0.00 1,676.89 2,072.73 —
P/B — — — — — — 0.58 0.87 1.19 —
EV/Sales — — — — — — 0.00 110.57 719.49 —
EV/FCF — — — — — — (1.95) (0.74) (2.66) —
Cash, $m
Cash, $m Operating cash flow — — — — — (1) (17) (49) (32) (121)
Capex — — — — — — 0 (12) (70) (34)
Free cash flow — — — — — (1) (17) (61) (102) (155)
Balance, $m
Balance, $m Working capital — — — — — 3 (1) 629 495 296
Total debt — — — — — — — — 0 —
Net debt — — — — — (3) (5) (637) (507) (338)
Shareholders’ equity — — — — — (39) 64 785 656 204
Returns, %
Returns, % ROA — — — — — (5.62) (25.69) (6.06) (2.06) (39.99)
ROIC — — — — — 0.00 (52.78) (96.09) (76.50) 0.00
ROE — — — — — 0.00 (430.43) (18.18) (6.83) (134.64)
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2024 · latest quarter Sep 2024

Charts ten years each

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
LXFR Luxfer Holdings PLC $465.3M 57.5× 17.5× −10.23% (below 0%: shrinking) +80.00% (above 0%: growing) +100.00% (above 0%: growing) 25.60% 8.15% Compare
TWIN Twin Disc, Incorporated $368.6M 12.8× 13.1× +18.33% (above 0%: growing) −25.81% (below 0%: shrinking) +95.29% (above 0%: growing) 26.34% 6.83% Compare
RR Richtech Robotics Inc. $319.6M — (loss-making) — (loss-making) +16.65% (above 0%: growing) n/m −359.25% (below 0%: shrinking) 58.41% (966.28%) Compare
SERV Serve Robotics Inc. $302.6M — (loss-making) — (loss-making) +404.36% (above 0%: growing) n/m −97.50% (below 0%: shrinking) (271.12%) (2,040.30%) Compare
OFLX Omega Flex, Inc. $258.3M 21.5× — −5.75% (below 0%: shrinking) −34.15% (below 0%: shrinking) −68.23% (below 0%: shrinking) 54.96% 12.69% Compare
NPWR NET Power Inc. $247.4M — (loss-making) — −76.00% (below 0%: shrinking) n/m +62.40% (above 0%: growing) 91.67% 0.00%
SHMD SCHMID Group N.V. $202.5M 55.8× — — n/m +677.93% (above 0%: growing) — — Compare
TAYD Taylor Devices, Inc. $174.7M 25.1× 14.7× −26.40% (below 0%: shrinking) −80.00% (below 0%: shrinking) +2,426.56% (above 0%: growing) 29.57% 0.53% Compare
HURC Hurco Companies, Inc. $134.7M — (loss-making) 18.8× +3.24% (above 0%: growing) n/m +65.43% (above 0%: growing) 27.88% 4.85% Compare
Median of peers $280.5M 25.1× 16.1× +3.24% −29.98% +80.36% 27.88% 4.85%

All 76 Specialty Industrial Machinery stocks →

NET Power Inc. (NPWR) key facts

  • Strength: NET Power Inc.’s revenue for fiscal 2024 (year ended December 2024) was $250,000.00, up 42.9% from fiscal 2023.
  • NET Power Inc. (NPWR) is a Specialty Industrial Machinery company in the Industrials sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, NPWR traded at $1.00, a market capitalization of $247.4 million.
  • Return on equity was −134.6% and debt-to-equity 0.00.
  • Its Piotroski F-score is 2 out of 9 and its Altman Z-score is 0.21 (distress zone) for fiscal 2024.

Source: company filings (standardised) and stockrow calculations.

NET Power Inc. (NPWR) Latest News

29 May

15 Apr

stockrow.com/NPWR · Data as of Sep 30, 2024 · For information only; not investment advice. · © 2026 stockrow.com