NET Power Inc. (NPWR) - Net Assets
Based on the latest financial reports, NET Power Inc. (NPWR) has net assets worth $535.21 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($599.70 Million) and total liabilities ($64.50 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. Check NPWR asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $535.21 Million |
| % of Total Assets | 89.25% |
| Annual Growth Rate | 40.27% |
| 5-Year Change | 74.87% |
| 10-Year Change | N/A |
| Growth Volatility | 1406.79 |
NET Power Inc. - Net Assets Trend (2020–2025)
This chart illustrates how NET Power Inc.'s net assets have evolved over time, based on quarterly financial data. Also explore NPWR total assets for the complete picture of this company's asset base.
Annual Net Assets for NET Power Inc. (2020–2025)
The table below shows the annual net assets of NET Power Inc. from 2020 to 2025. For live valuation and market cap data, see NET Power Inc. market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $535.21 Million | -75.25% |
| 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 decreased by 56321100000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $22.00K | 0.01% |
| Other Comprehensive Income | $129.00K | 0.06% |
| Other Components | $898.42 Million | 440.61% |
| Total Equity | $203.90 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 |
|---|---|
|
Samil Pharm
KO:000520
|
$127.90 Million |
|
Sungdo Engineering & Construction Co. Ltd
KQ:037350
|
$127.92 Million |
|
Shaver Shop Group Ltd
AU:SSG
|
$127.93 Million |
|
Reliance Industrial Infrastructure Limited
NSE:RIIL
|
$127.93 Million |
|
Super Energy Corporation Public Company Limited
BK:SUPER-R
|
$127.87 Million |
|
Haivision Systems Inc
TO:HAI
|
$127.86 Million |
|
King Core Electronics Inc
TW:6155
|
$127.71 Million |
|
Raba Jarmuipari Holding Nyrt
BUD:RABA
|
$127.69 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 2024 to 2025, total equity changed from 655,604,000 to 203,904,000, a change of -451,700,000 (-68.9%).
- Net loss of 578,531,000 reduced equity.
- New share issuances of 141,000 increased equity.
- Other comprehensive income increased equity by 97,000.
- Other factors increased equity by 126,593,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-578.53 Million | -283.73% |
| Share Issuances | $141.00K | +0.07% |
| Other Comprehensive Income | $97.00K | +0.05% |
| Other Changes | $126.59 Million | +62.08% |
| Total Change | $- | -68.90% |
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: 0.77x
- 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 0.07x to 0.77x 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 | $1.99 | x |
| 2021-12-31 | $7.11 | $1.99 | x |
| 2022-12-31 | $0.90 | $1.99 | x |
| 2023-12-31 | $19.06 | $1.99 | x |
| 2024-12-31 | $8.93 | $1.99 | x |
| 2025-12-31 | $2.59 | $1.99 | 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): -283.73%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 2.94x
- Recent ROE (-283.73%) is below the historical average (-72.59%), suggesting potential challenges in 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 |
| 2025 | -283.73% | 0.00% | 0.00x | 2.94x | $-598.92 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: $814,759,465
- Average return on equity (ROE) among peers: 6.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| NET Power Inc. (NPWR) | $535.21 Million | -36.93% | 0.12x | $127.88 Million |
| Ametek Inc (AME) | $805.55 Million | 16.93% | 1.21x | $53.06 Billion |
| American Superconductor Corporation (AMSC) | $280.96 Million | 5.78% | 0.42x | $1.72 Billion |
| Smith AO Corporation (AOS) | $1.88 Billion | 28.33% | 0.72x | $6.84 Billion |
| ATS Corporation (ATS) | $650.55 Million | 6.08% | 1.10x | $2.89 Billion |
| Babcock & Wilcox Enterprises Inc (BW) | $561.00 Million | -20.61% | 1.73x | $1.90 Billion |
| Broadwind Energy Inc (BWEN) | $-5.31 Million | 0.00% | 0.00x | $50.81 Million |
| Clean Energy Technologies, Inc. Common Stock (CETY) | $-1.72 Million | 0.00% | 0.00x | $5.97 Million |
| Cummins Inc (CMI) | $3.06 Billion | 23.40% | 1.44x | $74.50 Billion |
| Crane Company (CR) | $651.29 Million | 13.61% | 0.98x | $9.93 Billion |
| CSW Industrials, Inc. (CSW) | $265.76 Million | -4.47% | 0.28x | $4.86 Billion |
About NET Power Inc.
NET Power Inc. operates as an energy technology company in the United States. Its technology includes oxy-combustion cycle, a power generation system designed to produce electricity from natural gas while capturing atmospheric emissions. The company was founded in 2010 and is headquartered in Durham, North Carolina.