What are NET Power's profit margins?

NET Power (NPWR) runs a 91.7% gross margin and a -5523266.7% operating margin, with a -1508283.3% net margin.

Where do NET Power's ratios come from?

Every ratio is computed from NET Power's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

NET Power NPWR Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Returns
Return on equity	-111.4%-87.1pp	-134.6%—	-130.2%—	-26.9%—	-24.2%—
Return on assets	-39.4%-32.1pp	-40%-37.9pp	-40%-37.6pp	-8.7%-5.1pp	-7.3%+1.2pp
Liquidity
Current ratio	23.8×+0.5×	7.2×-21.4×	16.6×-4.4×	9.8×-30.3×	23.3×-33.6×
Quick ratio	23.8×+0.5×	7.2×-21.4×	16.6×-4.4×	9.8×-30.3×	23.3×-33.6×
Cash ratio	10.3×-3.9×	4.3×-14.3×	10.4×-4.0×	6.8×-21.1×	14.2×-26.5×
Leverage
Debt-to-equity	0×0.0×	0×0.0×	0×0.0×	0×0.0×	0×0.0×
Debt-to-assets	0×0.0×	0×0.0×	0×0.0×	0×0.0×	0×0.0×
Interest coverage	-76.1×-55.2×	-88.3×-82.5×	-77.5×—	-25.5×—	-20.9×—
Per Share
Book value per share	$2.40-70.9%	$2.59-71.0%	$1.85-82.3%	$7.93-21.6%	$8.28-9.8%
Valuation
Market capitalization	$147.6M-21.2%	$191.34M-76.0%	$234.43M-53.1%	$176.44M-75.0%	$202.68M-75.0%
Enterprise value	$16.8M-115%	-$6.61M-101%	$6.64M-94.2%	-$105.82M-135%	-$97.05M-125%
Price / book	0.7×+0.4×	0.9×-0.3×	1.6×+1.0×	0.3×-0.7×	0.3×-0.9×
Free cash flow yield	-126.2%-56.3pp	-80.5%-67.9pp	-64.1%-42.9pp	-73.2%-57.0pp	-57.9%-44.1pp
Earnings yield	-321.7%-224pp	-302.4%-296pp	-253.1%-241pp	-102.6%-89.9pp	-77.5%-62.8pp

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

Questions, answered.

What are NET Power's profit margins?: NET Power (NPWR) runs a 91.7% gross margin and a -5523266.7% operating margin, with a -1508283.3% net margin.
Where do NET Power's ratios come from?: Every ratio is computed from NET Power's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.