NET Power Inc.
NET Power Inc. operates as an energy technology company in the United States. Its technology includes NET Power Cycle, a power generation system that produces electricity from natural gas while capturing atmospheric emissions. The company was founded in 2010 and is headquartered in Durham, North Carolina.
NET Power Inc. (NPWR) - Net Assets
Latest net assets as of September 2025: $582.49 Million USD
Based on the latest financial reports, NET Power Inc. (NPWR) has net assets worth $582.49 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($629.89 Million) and total liabilities ($47.41 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $582.49 Million |
| % of Total Assets | 92.47% |
| Annual Growth Rate | 116.41% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 1509.74 |
NET Power Inc. - Net Assets Trend (2020–2024)
This chart illustrates how NET Power Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for NET Power Inc. (2020–2024)
The table below shows the annual net assets of NET Power Inc. from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $2.16 Billion | -7.24% |
| 2023-12-31 | $2.33 Billion | +3519.32% |
| 2022-12-31 | $64.40 Million | -78.96% |
| 2021-12-31 | $306.05 Million | +210.44% |
| 2020-12-31 | $98.58 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to NET Power Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1541700000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $22.00K | 0.00% |
| Other Comprehensive Income | $32.00K | 0.00% |
| Other Components | $771.59 Million | 117.69% |
| Total Equity | $655.60 Million | 100.00% |
NET Power Inc. Competitors by Market Cap
The table below lists competitors of NET Power Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
VirnetX Holding Corp Common Stock
NYSE:VHC
|
$67.88 Million |
|
Marco Polo Marine Ltd.
PINK:MRPMF
|
$67.88 Million |
|
AVATION PLC LS-01
F:9K0
|
$67.88 Million |
|
Audio Pixels Holdings Limited
OTCGREY:ADPXF
|
$67.94 Million |
|
Renergen Limited
PINK:RGNTF
|
$67.86 Million |
|
IMMUNOPRECISE ANTIBOD.
F:TQB
|
$67.83 Million |
|
Nalwa Sons Investments Limited
NSE:NSIL
|
$67.81 Million |
|
Total Bangun Persada Tbk
JK:TOTL
|
$67.81 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NET Power Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 785,009,000 to 655,604,000, a change of -129,405,000 (-16.5%).
- Net loss of 49,191,000 reduced equity.
- New share issuances of 19,000 increased equity.
- Other comprehensive income increased equity by 32,000.
- Other factors decreased equity by 80,265,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-49.19 Million | -7.5% |
| Share Issuances | $19.00K | +0.0% |
| Other Comprehensive Income | $32.00K | +0.0% |
| Other Changes | $-80.27 Million | -12.24% |
| Total Change | $- | -16.48% |
Book Value vs Market Value Analysis
This analysis compares NET Power Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.20x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.06x to 0.20x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $28.40 | $1.77 | x |
| 2021-12-31 | $7.11 | $1.77 | x |
| 2022-12-31 | $0.90 | $1.77 | x |
| 2023-12-31 | $19.06 | $1.77 | x |
| 2024-12-31 | $8.93 | $1.77 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NET Power Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -7.50%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -19676.40%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 3.50x
- Recent ROE (-7.50%) is above the historical average (-30.36%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -36.93% | -80897.78% | 0.00x | 1.09x | $-46.26 Million |
| 2021 | -12.49% | -1820.54% | 0.01x | 1.14x | $-68.93 Million |
| 2022 | -85.06% | -9444.48% | 0.01x | 1.21x | $-61.22 Million |
| 2023 | -9.84% | -44132.57% | 0.00x | 3.15x | $-155.73 Million |
| 2024 | -7.50% | -19676.40% | 0.00x | 3.50x | $-114.75 Million |
Industry Comparison
This section compares NET Power Inc.'s net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $49,834,203,139
- Average return on equity (ROE) among peers: -24.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| NET Power Inc. (NPWR) | $582.49 Million | -36.93% | 0.08x | $67.86 Million |
| American Commerce Solutions Inc (AACS) | $554.04K | -209.75% | 2.35x | $38.47K |
| ATI Airtest Technologies Inc (AATGF) | $-3.05 Million | 0.00% | 0.00x | $2.79 Million |
| ABB Turbo Systems AG (ACLIF) | $302.90 Million | 33.41% | 2.98x | $4.32 Billion |
| Agfa-Gevaert NV (AFGVF) | $130.00 Million | -40.77% | 16.65x | $91.17 Million |
| Alphaform AG (AFRMF) | $9.59 Million | -32.38% | 1.09x | $691.72 |
| Airtificial Intelligence Structures S.A (AITLF) | $-8.71 Million | 0.00% | 0.00x | $53.18 Million |
| Alfa Laval AB (publ) (ALFVF) | $10.49 Billion | 35.97% | 1.77x | $13.09 Billion |
| Amada Co. Ltd (AMDLY) | $484.04 Billion | 5.74% | 0.27x | $3.72 Billion |
| Ametek Inc (AME) | $3.25 Billion | 18.15% | 1.05x | $49.22 Billion |
| American Superconductor Corporation (AMSC) | $125.12 Million | -52.85% | 0.73x | $1.42 Billion |