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NET Power NPWR Return on invested capital

Return on invested capital at other companies

Nextra Energy logo
Nextra EnergyNEE
5.8%-0.3pp
Ormat Technologies logo
Ormat TechnologiesORA
9.1%+1.7pp
Argan logo
ArganAGX
67.8%+24.2pp
Natural Gas Services Group logo
Natural Gas Services GroupNGS
10.6%+2.4pp
Flowco Holdings Inc. logo
Flowco Holdings Inc.FLOC
25.8%
FuelCell Energy logo
FuelCell EnergyFCEL
-50.9%+222pp

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-21.2%
Enterprise value$16.8M-115%

Profitability

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Gross margin91.7%+4.3pp
Operating margin-5,523,266.7%-5,662,660pp
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 May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is NET Power's return on invested capital?
NET Power (NPWR) reported return on invested capital of -656% in Q1 2026.
How has NET Power's return on invested capital changed year-over-year?
NET Power's return on invested capital decreased by 203.4% year-over-year, from -216.2% to -656%.
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.