Northland Power Inc. (NPI) - Net Assets
Based on the latest financial reports, Northland Power Inc. (NPI) has net assets worth CA$4.53 Billion CAD (≈ $3.28 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$13.48 Billion ≈ $9.75 Billion USD) and total liabilities (CA$8.95 Billion ≈ $6.47 Billion USD). 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. Also explore Northland Power Inc. balance sheet assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$4.53 Billion |
| % of Total Assets | 33.61% |
| Annual Growth Rate | 11.57% |
| 5-Year Change | 49.19% |
| 10-Year Change | 221.76% |
| Growth Volatility | 25.5 |
Northland Power Inc. - Net Assets Trend (1999–2025)
This chart illustrates how Northland Power Inc.'s net assets have evolved over time, based on quarterly financial data. Check how tangible is Northland Power Inc.'s equity to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Northland Power Inc. (1999–2025)
The table below shows the annual net assets of Northland Power Inc. from 1999 to 2025. For live valuation and market cap data, see Northland Power Inc. market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$4.42 Billion ≈ $3.20 Billion |
-2.89% |
| 2024-12-31 | CA$4.56 Billion ≈ $3.30 Billion |
+1.64% |
| 2023-12-31 | CA$4.48 Billion ≈ $3.24 Billion |
-5.11% |
| 2022-12-31 | CA$4.72 Billion ≈ $3.42 Billion |
+59.30% |
| 2021-12-31 | CA$2.97 Billion ≈ $2.15 Billion |
+48.08% |
| 2020-12-31 | CA$2.00 Billion ≈ $1.45 Billion |
+32.57% |
| 2019-12-31 | CA$1.51 Billion ≈ $1.09 Billion |
-1.94% |
| 2018-12-31 | CA$1.54 Billion ≈ $1.11 Billion |
+5.68% |
| 2017-12-31 | CA$1.46 Billion ≈ $1.05 Billion |
+6.02% |
| 2016-12-31 | CA$1.38 Billion ≈ $994.74 Million |
-2.27% |
| 2015-12-31 | CA$1.41 Billion ≈ $1.02 Billion |
+31.65% |
| 2014-12-31 | CA$1.07 Billion ≈ $773.12 Million |
+14.98% |
| 2013-12-31 | CA$929.53 Million ≈ $672.41 Million |
+32.58% |
| 2012-12-31 | CA$701.12 Million ≈ $507.18 Million |
+3.15% |
| 2011-12-31 | CA$679.74 Million ≈ $491.71 Million |
-16.77% |
| 2010-12-31 | CA$816.73 Million ≈ $590.81 Million |
+12.25% |
| 2009-12-31 | CA$727.61 Million ≈ $526.34 Million |
+72.85% |
| 2008-12-31 | CA$420.95 Million ≈ $304.51 Million |
-1.48% |
| 2007-12-31 | CA$427.26 Million ≈ $309.07 Million |
-19.55% |
| 2006-12-31 | CA$531.06 Million ≈ $384.16 Million |
+40.08% |
| 2005-12-31 | CA$379.10 Million ≈ $274.24 Million |
+3.31% |
| 2004-12-31 | CA$366.94 Million ≈ $265.44 Million |
-5.36% |
| 2003-12-31 | CA$387.72 Million ≈ $280.47 Million |
+70.54% |
| 2002-12-31 | CA$227.35 Million ≈ $164.46 Million |
-4.63% |
| 2001-12-31 | CA$238.38 Million ≈ $172.44 Million |
-3.86% |
| 2000-12-31 | CA$247.95 Million ≈ $179.36 Million |
-3.38% |
| 1999-12-31 | CA$256.63 Million ≈ $185.64 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Northland 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 164188000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$5.22 Billion | 128.56% |
| Other Comprehensive Income | CA$363.61 Million | 8.95% |
| Other Components | CA$152.11 Million | 3.75% |
| Total Equity | CA$4.06 Billion | 100.00% |
Northland Power Inc. Competitors by Market Cap
The table below lists competitors of Northland Power Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cadence Bancorp
NYSE:CADE
|
$4.03 Billion |
|
Cactus Inc
NYSE:WHD
|
$4.03 Billion |
|
Shanghai Oriental Pearl Media Co Ltd
SHG:600637
|
$4.03 Billion |
|
Zhejiang Taotao Vehicles Co. Ltd. A
SHE:301345
|
$4.03 Billion |
|
Financière Amuse TopCo SAS
ST:ASMDEE-B
|
$4.02 Billion |
|
DSC Holdings Ltd. American Depositary Shares
NASDAQ:DSC
|
$4.02 Billion |
|
Marex Group plc Ordinary Shares
NASDAQ:MRX
|
$4.02 Billion |
|
Cal-Maine Foods Inc
NASDAQ:CALM
|
$4.02 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Northland Power Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,186,112,999 to 4,061,211,000, a change of -124,901,999 (-3.0%).
- Net loss of 163,248,000 reduced equity.
- Dividend payments of 292,331,000 reduced retained earnings.
- Other comprehensive income increased equity by 319,993,001.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-163.25 Million | -4.02% |
| Dividends Paid | CA$292.33 Million | -7.2% |
| Other Comprehensive Income | CA$319.99 Million | +7.88% |
| Other Changes | CA$10.68 Million | +0.26% |
| Total Change | CA$- | -2.98% |
Book Value vs Market Value Analysis
This analysis compares Northland 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: 1.37x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.56x to 1.37x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1999-12-31 | CA$8.33 | CA$21.28 | x |
| 2000-12-31 | CA$8.04 | CA$21.28 | x |
| 2001-12-31 | CA$7.73 | CA$21.28 | x |
| 2002-12-31 | CA$7.38 | CA$21.28 | x |
| 2003-12-31 | CA$10.49 | CA$21.28 | x |
| 2004-12-31 | CA$7.38 | CA$21.28 | x |
| 2005-12-31 | CA$7.09 | CA$21.28 | x |
| 2006-12-31 | CA$8.95 | CA$21.28 | x |
| 2007-12-31 | CA$6.85 | CA$21.28 | x |
| 2008-12-31 | CA$6.45 | CA$21.28 | x |
| 2009-12-31 | CA$9.29 | CA$21.28 | x |
| 2010-12-31 | CA$11.30 | CA$21.28 | x |
| 2011-12-31 | CA$5.81 | CA$21.28 | x |
| 2012-12-31 | CA$5.82 | CA$21.28 | x |
| 2013-12-31 | CA$6.59 | CA$21.28 | x |
| 2014-12-31 | CA$5.66 | CA$21.28 | x |
| 2015-12-31 | CA$5.93 | CA$21.28 | x |
| 2016-12-31 | CA$5.40 | CA$21.28 | x |
| 2017-12-31 | CA$5.39 | CA$21.28 | x |
| 2018-12-31 | CA$5.65 | CA$21.28 | x |
| 2019-12-31 | CA$5.67 | CA$21.28 | x |
| 2020-12-31 | CA$7.83 | CA$21.28 | x |
| 2021-12-31 | CA$12.60 | CA$21.28 | x |
| 2022-12-31 | CA$18.59 | CA$21.28 | x |
| 2023-12-31 | CA$16.56 | CA$21.28 | x |
| 2024-12-31 | CA$16.27 | CA$21.28 | x |
| 2025-12-31 | CA$15.54 | CA$21.28 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Northland Power Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -4.02%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -6.70%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 3.26x
- Recent ROE (-4.02%) is below the historical average (6.64%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | 7.17% | 30.73% | 0.22x | 1.04x | CA$-7.27 Million |
| 2000 | 7.65% | 30.80% | 0.24x | 1.04x | CA$-5.83 Million |
| 2001 | 8.66% | 30.17% | 0.28x | 1.04x | CA$-3.20 Million |
| 2002 | 8.43% | 26.50% | 0.22x | 1.43x | CA$-3.56 Million |
| 2003 | 4.85% | 20.64% | 0.21x | 1.12x | CA$-19.96 Million |
| 2004 | 7.40% | 29.84% | 0.16x | 1.57x | CA$-9.56 Million |
| 2005 | 11.69% | 34.58% | 0.23x | 1.45x | CA$6.41 Million |
| 2006 | 6.43% | 20.72% | 0.23x | 1.38x | CA$-18.96 Million |
| 2007 | -6.36% | -14.75% | 0.27x | 1.62x | CA$-69.92 Million |
| 2008 | 15.34% | 33.60% | 0.28x | 1.60x | CA$22.46 Million |
| 2009 | 5.00% | 17.41% | 0.12x | 2.40x | CA$-35.30 Million |
| 2010 | -25.20% | -67.67% | 0.16x | 2.32x | CA$-287.50 Million |
| 2011 | -9.28% | -17.72% | 0.16x | 3.32x | CA$-131.08 Million |
| 2012 | -1.41% | -2.74% | 0.14x | 3.59x | CA$-80.02 Million |
| 2013 | 17.18% | 27.12% | 0.18x | 3.46x | CA$63.19 Million |
| 2014 | -12.83% | -14.02% | 0.15x | 5.98x | CA$-189.65 Million |
| 2015 | 0.12% | 0.16% | 0.10x | 7.42x | CA$-98.17 Million |
| 2016 | 13.00% | 11.05% | 0.13x | 9.27x | CA$28.02 Million |
| 2017 | 17.04% | 11.71% | 0.13x | 10.87x | CA$66.54 Million |
| 2018 | 25.95% | 17.88% | 0.15x | 9.64x | CA$170.96 Million |
| 2019 | 30.16% | 19.34% | 0.16x | 9.85x | CA$214.40 Million |
| 2020 | 24.20% | 18.49% | 0.18x | 7.24x | CA$223.57 Million |
| 2021 | 6.88% | 9.06% | 0.16x | 4.67x | CA$-86.13 Million |
| 2022 | 18.85% | 33.80% | 0.17x | 3.24x | CA$388.61 Million |
| 2023 | -4.19% | -7.81% | 0.16x | 3.26x | CA$-593.71 Million |
| 2024 | 6.49% | 11.59% | 0.17x | 3.25x | CA$-146.79 Million |
| 2025 | -4.02% | -6.70% | 0.18x | 3.26x | CA$-569.37 Million |
Industry Comparison
This section compares Northland Power Inc.'s net assets metrics with peer companies in the Utilities - Renewable industry.
Industry Context
- Industry: Utilities - Renewable
- Average net assets among peers: $514,026,525
- Average return on equity (ROE) among peers: -2.98%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Northland Power Inc. (NPI) | CA$4.53 Billion | 7.17% | 1.98x | $4.03 Billion |
| Brookfield Renewable Partners L.P (BEP-UN) | $2.48 Billion | 11.84% | 1.25x | $10.14 Billion |
| Boralex Inc (BLX) | $514.00 Million | -0.39% | 4.26x | $2.74 Billion |
| Greenbriar Capital Corp (GRB) | $3.39 Million | -12.24% | 1.67x | $16.75 Million |
| Innergex Renewable Energy Inc. (INE) | $562.23 Million | -9.76% | 3.83x | $2.01 Billion |
| Polaris Infrastructure Inc (PIF) | $-513.88K | 0.00% | 0.00x | $233.52 Million |
| RE Royalties Ltd (RE) | $20.39 Million | -3.56% | 1.09x | $12.12 Million |
| Synex International Inc. (SXI) | $16.23 Million | -6.74% | 1.02x | $8.66 Million |
About Northland Power Inc.
Northland Power Inc. operates as a power producer in Canada, the Netherlands, Germany, Colombia, Spain, the United States, and internationally. The company produces electricity from renewable resources, such as offshore and onshore wind; solar; natural gas; and battery energy storage for sale under power purchase agreements and other revenue arrangements. As of December 31, 2025, it owned or had … Read more