What is NeoVolta's return on invested capital?

NeoVolta (NEOV) reported return on invested capital of -111.4% in Q1 2026.

What does return on invested capital mean?

Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

NeoVolta NEOV Return on invested capital

Return on invested capital at other companies

Tesla, Inc.TSLA

5.2%-2.8pp

Enphase EnergyENPH

6.3%0.0pp

Microvast Holdings, Inc.MVST

7.1%+4.0pp

Eos Energy Enterprises, Inc.EOSE

-1,243.6%—

Energy Vault HoldingsNRGV

-70.3%-24.0pp

SolarEdge TechnologiesSEDG

-37%-13.1pp

Other financials

Income statement

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Revenue$2.0M+0.5%

Gross profit$927.8K+80.3%

Operating income-$2.6M-91.5%

Net income-$3.0M-109%

EPS (diluted)-$0.08-100%

Balance sheet

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Cash & equivalents$11.5M+2,042%

Total debt$1.5M+2.2%

Total equity$22.2M+480%

Total assets$25.7M+349%

Cash flow

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Operating cash flow-$3.6M-74.6%

Valuation

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Market cap$172.96M+43.6%

Enterprise value$162.93M+33.1%

P/S9.6×-4.7×

Profitability

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Gross margin21.3%-1.0pp

Operating margin-52%-16.1pp

Net margin-63.4%-16.2pp

Returns & leverage

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Return on equity-88.1%-3.4pp

Debt / equity0.1×-0.3×

Current ratio8.1×+4.3×

Where this comes from

Calculated from NeoVolta’s reported figures.

nopat/invested capital=-111.4%

Based on trailing twelve months.

The official record: NeoVolta’s 10-Q, filed May 15, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is NeoVolta's return on invested capital?: NeoVolta (NEOV) reported return on invested capital of -111.4% in Q1 2026.
What does return on invested capital mean?: Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.