NET Power Inc.
NPWR
Analytical Summary
On an absolute basis, NET Power Inc. shows weak fundamentals, weighed down by Interest Coverage. These readings use fixed quality thresholds rather than peer benchmarks, because too few comparable companies are available to rank against.
4-Year Financial Trajectory
Annualinfo Signals below are graded against fixed quality thresholds, not peers — peer ranking needs more comparable companies.
Bullish Indicators
- No bullish signals detected.
Bearish Risks
- Interest CoverageInterest Coverage of -61784.41x is weak on an absolute basis (target > 5x)
Health Breakdown
Statement lens
Choose the reporting cadence, isolate a period range, or search directly for a metric.
| Metric | FY 2025 Dec 31, 2025 10-K ↗ | FY 2024 Dec 31, 2024 10-K ↗ | FY 2023 Dec 31, 2022 10-K ↗ | FY 2022 Dec 31, 2021 10-K ↗ |
|---|---|---|---|---|
| Revenue Growth YoY (%) | N/M |
-56.9%
Weak
Weak
Year-over-year change in total revenue
Optimal:
> 10%
vs Sector:
Below avg (-1997%)
|
— | — |
| EPS Growth YoY (%) |
-995.5%
Weak
Weak
Year-over-year change in earnings per share
Optimal:
> 10%
|
95.5%
Excellent
Excellent
Year-over-year change in earnings per share
Optimal:
> 10%
|
— | — |
| Net Income Growth YoY (%) |
-1076.3%
Weak
↓
Weak
Declining
Year-over-year change in net income |
10.2%
Fair
Fair
Year-over-year change in net income |
-437.6%
Weak
Weak
Year-over-year change in net income |
— |
| FCF Growth YoY (%) N/A | N/A | N/A | N/A | N/A |
| Metric | FY 2025 Dec 31, 2025 10-K ↗ | FY 2024 Dec 31, 2024 10-K ↗ | FY 2023 Dec 31, 2022 10-K ↗ | FY 2022 Dec 31, 2021 10-K ↗ |
|---|---|---|---|---|
| Effective Tax Rate (%) (%) |
0.3%
Excellent
Excellent
Actual taxes paid relative to pre-tax income
Optimal:
15-25%
|
6.0%
Excellent
Excellent
Actual taxes paid relative to pre-tax income
Optimal:
15-25%
|
— | — |
| FCF Margin (%) (%) N/A | N/A | N/A | N/A | N/A |
| FCF / Net Income (x) N/A | N/A | N/A | N/A | N/A |
| Metric | FY 2025 Dec 31, 2025 10-K ↗ | FY 2024 Dec 31, 2024 10-K ↗ | FY 2023 Dec 31, 2022 10-K ↗ | FY 2022 Dec 31, 2021 10-K ↗ |
|---|---|---|---|---|
| Return on Invested Capital (%) | — | — | — |
1.4%
Weak
Weak
Return earned on debt + equity capital invested
Optimal:
> 10%
|
| Return on Capital (%) (%) |
-298.8%
Weak
↓
Weak
Declining
Operating profit relative to total assets
Optimal:
> 10%
|
-7.9%
Weak
↑
Weak
Improving
Operating profit relative to total assets
Optimal:
> 10%
|
-64.0%
Weak
Weak
Operating profit relative to total assets
Optimal:
> 10%
|
-0.2%
Weak
Weak
Operating profit relative to total assets
Optimal:
> 10%
|
| Return on Common Equity (%) (%) | — | — | — |
26.4%
Excellent
Excellent
Profit generated per dollar of shareholder equity
Optimal:
> 15%
vs Sector:
Above avg (+164%)
|
| Metric | FY 2025 Dec 31, 2025 10-K ↗ | FY 2024 Dec 31, 2024 10-K ↗ | FY 2023 Dec 31, 2022 10-K ↗ | FY 2022 Dec 31, 2021 10-K ↗ |
|---|---|---|---|---|
| Interest Coverage (x) |
-61784.41x
Weak
Weak
Operating income divided by interest expense
Optimal:
> 5x
|
— |
-617.59x
Weak
Weak
Operating income divided by interest expense
Optimal:
> 5x
|
— |
| Net Debt (USD) | $-199.43M | $-329.23M | $-5.16M | — |
| Metric | FY 2025 Dec 31, 2025 10-K ↗ | FY 2024 Dec 31, 2024 10-K ↗ | FY 2023 Dec 31, 2022 10-K ↗ | FY 2022 Dec 31, 2021 10-K ↗ |
|---|---|---|---|---|
| Sales/Revenue/Turnover (USD) | $0.00 | $250.00K | $580.00K | — |
| Depreciation Expense (USD) | $62.39M | $81.62M | $13.39M | — |
| Net Income, GAAP (USD) | $-578.63M | $-49.19M | $-54.78M | $-10.19M |
| Operating Cash Flow (USD) | $-120.78M | $-31.65M | $-16.63M | $-1.33M |
Secondary lens
Benchmark Lens
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Unavailable
Benchmark Lens
Benchmarks are disabled until comparison data is defensible.
Benchmarks unavailable
Verdicts use absolute quality thresholds, not peer comparison — only 0 comparable companies are currently available for ranking.
Use Statement Evidence firstCompare NPWR with peers
Stack NPWR against similar companies across every metric on this page.
north_east Open comparisonbar_chart Data from SEC EDGAR XBRL filings
Synced 1 week ago 4 years · 17 quarters