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NET Power Valuation Multiples
Discover revenue and EBITDA valuation multiples for NET Power and similar public comparables like HUHUTECH, LEWAG Holding, Smart Sand, Precia Molen and more.
NET Power Overview
About NET Power
NET Power Inc is a clean energy technology company that has developed a novel power generation system, which it refers to as the NET Power Cycle, designed to produce clean, reliable, and low-cost electricity from natural gas while capturing virtually all atmospheric emissions. The company's business model is to license its technology to customers and enable them to build, own, and operate facilities that utilize the Net Power Cycle. It has conducted a successful demonstration of its technology at the La Porte Demonstration Facility and is developing a utility-scale power plant in Texas named Project Permian.
Founded
2021
HQ

Employees
75
Website
Sectors
Financials (LTM)
Market Cap
$162M
NET Power Financials
NET Power reported last 12-month revenue of — and negative EBITDA of ($546M).
In the same LTM period, NET Power generated ($546M) in EBITDA losses and had net loss of ($457M).
Revenue (LTM)
NET Power P&L
In the most recent fiscal year, NET Power reported revenue of — and EBITDA of ($217M).
NET Power expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| EBITDA | ($546M) | XXX | ($217M) | XXX | XXX | XXX |
| Net Profit | ($457M) | XXX | ($579M) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
NET Power Stock Performance
NET Power has current market cap of $162M.
Market Cap Evolution
NET Power's stock price is $1.93.
| Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|
| $162M | 0.0% | XXX | XXX | XXX | $-6.90 |
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Start Free TrialNET Power Valuation Multiples
NET Power trades at 0.4x EV/EBITDA.
EV / Revenue (LTM)
NET Power Financial Valuation Multiples
As of March 25, 2026, NET Power has market cap of $162M.
Equity research analysts estimate NET Power's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
NET Power has a P/E ratio of (0.4x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $162M | XXX | $162M | XXX | XXX | XXX |
| EV (current) | ($199M) | XXX | ($199M) | XXX | XXX | XXX |
| EV/EBITDA | 0.4x | XXX | 0.9x | XXX | XXX | XXX |
| EV/EBIT | 0.8x | XXX | 0.7x | XXX | XXX | XXX |
| P/E | (0.4x) | XXX | (0.3x) | XXX | XXX | XXX |
| EV/FCF | 1.4x | XXX | 1.5x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified NET Power Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


NET Power Margins & Growth Rates
NET Power's revenue in the last fiscal year declined by (100%).
NET Power's revenue per employee in the last FY averaged $0.0M.
NET Power Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | — | XXX | (100%) | XXX | XXX | XXX |
| EBITDA Growth | (75%) | XXX | (35%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
NET Power Public Comps
See public comps and valuation multiples for other Energy Equipment and Machinery comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| HUHUTECH | XXX | XXX | XXX | XXX | XXX | XXX |
| LEWAG Holding | XXX | XXX | XXX | XXX | XXX | XXX |
| Smart Sand | XXX | XXX | XXX | XXX | XXX | XXX |
| Precia Molen | XXX | XXX | XXX | XXX | XXX | XXX |
| Groupe SFPI | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
NET Power M&A Activity
NET Power acquired XXX companies to date.
Last acquisition by NET Power was on XXXXXXXX, XXXXX. NET Power acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by NET Power
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialNET Power Investment Activity
NET Power invested in XXX companies to date.
NET Power made its latest investment on XXXXXXXX, XXXXX. NET Power invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by NET Power
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout NET Power
| When was NET Power founded? | NET Power was founded in 2021. |
| Where is NET Power headquartered? | NET Power is headquartered in United States. |
| How many employees does NET Power have? | As of today, NET Power has over 75 employees. |
| Who is the CEO of NET Power? | NET Power's CEO is Daniel Joseph Rice. |
| Is NET Power publicly listed? | Yes, NET Power is a public company listed on NYSE. |
| What is the stock symbol of NET Power? | NET Power trades under NPWR ticker. |
| When did NET Power go public? | NET Power went public in 2021. |
| Who are competitors of NET Power? | NET Power main competitors are HUHUTECH, LEWAG Holding, Smart Sand, Precia Molen. |
| What is the current market cap of NET Power? | NET Power's current market cap is $162M. |
| Is NET Power profitable? | No, NET Power is not profitable. |
| What is the current EBITDA of NET Power? | NET Power has negative EBITDA and is not profitable. |
| What is the current EV/EBITDA multiple of NET Power? | Current EBITDA multiple of NET Power is 0.4x. |
| What is the current FCF of NET Power? | NET Power's last 12 months FCF is ($141M). |
| What is the current EV/FCF multiple of NET Power? | Current FCF multiple of NET Power is 1.4x. |
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