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NET Power NPWR Operating margin

Operating margin at other companies

Nextra Energy logo
Nextra EnergyNEE
29.8%-0.8pp
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Ormat TechnologiesORA
17.1%-2.2pp
NuScale Power logo
NuScale PowerSMR
-3,812.6%-4,121pp
Argan logo
ArganAGX
14.9%+3.3pp
Natural Gas Services Group logo
Natural Gas Services GroupNGS
22.8%+2.0pp
Flowco Holdings Inc. logo
Flowco Holdings Inc.FLOC
19.3%-0.3pp

Other financials

Income statement

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Revenue-
Gross profit-
Operating income-$34.2M+92.8%
Net income-$9.9M+91.7%
EPS (diluted)-$0.12+92.3%

Balance sheet

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Cash & equivalents$134.3M-55.6%
Total debt$3.6M+28.6%
Total equity$205.3M-67.8%
Total assets$542.8M-70.5%

Cash flow

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Operating cash flow-$51.1M-151%
CapEx$8.2M-8.2%
Free cash flow-$59.3M-102%

Valuation

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Market cap$147.6M-20.2%
Enterprise value$16.8M-117%

Profitability

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Gross margin91.7%+4.3pp
Net margin-1,508,283.3%-1,547,773pp
FCF margin-1,076,558.3%-1,129,620pp

Returns & leverage

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Return on equity-111.4%-154pp
Debt / equity0.0×
Current ratio23.8×+0.5×

Where this comes from

Calculated from NET Power’s reported figures.

Based on trailing twelve months.

The official record: NET Power’s 10-Q, filed August 11, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is NET Power's operating margin?
NET Power (NPWR) reported operating margin of -5,523,266.7% in Q2 2025.
How has NET Power's operating margin changed year-over-year?
NET Power's operating margin decreased by 4062.4% year-over-year, from -132,695.4% to -5,523,266.7%.
What is the long-term trend for NET Power's operating margin?
Over 2 years (2022 to 2024), NET Power's operating margin has grown at a 222.4% compound annual growth rate (CAGR), from -6,977.1% to -72,528.4%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.