Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
NX Filtration N.V. is a Netherlands-based provider of innovative hollow fiber nanofiltration (HFNF) membrane technology designed to produce pure and affordable water, enhancing quality of life worldwide. This breakthrough direct nanofiltration removes micropollutants such as pharmaceuticals, PFAS, insecticides, color, selective salts, bacteria, viruses, and nanoplastics from water in a single step, offering chemical-free operation, energy efficiency, low fouling, and chlorine resistance. The company operates through two key business lines: Clean Municipal Water, enabling production of high-quality drinking water from surface sources, and Sustainable Industrial Water, facilitating process water treatment, wastewater reuse, and recovery of valuable materials like indigo dyes or cleaning chemicals. Headquartered in Overijssel, Netherlands, NX Filtration serves global markets including Europe, Asia, the Middle East, and the Americas via partnerships with original equipment manufacturers (OEMs). Certified as a B Corporation since March 2024 with an 81.2 impact score, it emphasizes ESG principles, science-based CO2 reduction targets, and sustainability, having enabled 457 billion liters of clean water and significant emissions savings in 2024. Its new large-scale factory supports scalable production for growing demand in water scarcity and quality challenges.
The business is unprofitable at the operating level (-200.06% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 25.7% YoY with margins expanding 30.1pp.
Negative free cash flow of -€24M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
€13M
▲ +25.7% YoY
Net Income (TTM)
-€26M
▼ -11.3% YoY
Op. Margin
-200.06%
▲ +30.1pp YoY
ROIC
-14.88%
▼ -1.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-€24M
▲ +48.9% YoY
Op. Cash Flow (TTM)
-€19M
▲ +15.3% YoY
Net Debt
-€3M
Net Cash Position
Cash & Equiv.
€29M
3Y CAGR: +18.9%
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