Nextracker (NXT) Financials

$42.89 +1.77 (+4.30%)

Closing price 04:00 PM Eastern

Extended Trading

$43.20 +0.31 (+0.71%)

As of 07:57 PM Eastern

Annual Income Statements for Nextracker

This table shows Nextracker's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024
Period end date	3/31/2021	3/31/2022	3/31/2023	3/31/2024
Net Income / (Loss) Attributable to Common Shareholders	0.00	0.00	1.14	306
Consolidated Net Income / (Loss)	124	51	121	496
Net Income / (Loss) Continuing Operations	124	51	121	496
Total Pre-Tax Income	158	65	169	608
Total Operating Income	159	66	168	587
Total Gross Profit	232	147	287	813
Total Revenue	1,196	1,458	1,902	2,500
Operating Revenue	1,196	1,458	1,902	2,500
Total Cost of Revenue	964	1,311	1,615	1,687
Operating Cost of Revenue	964	1,311	1,615	1,687
Total Operating Expenses	73	81	118	226
Selling, General & Admin Expense	60	67	97	184
Research & Development Expense	13	14	22	42
Total Other Income / (Expense), net	-0.50	-0.80	0.60	21
Interest & Investment Income	-0.50	-0.03	-1.83	-14
Other Income / (Expense), net	-	-0.77	2.43	35
Income Tax Expense	34	14	48	112
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	0.00	2.45	190
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)	124	51	118	0.00
Basic Earnings per Share	$0.00	$0.00	$0.02	$3.97
Weighted Average Basic Shares Outstanding	0.00	0.00	45.89M	77.07M
Diluted Earnings per Share	$0.00	$0.00	$0.02	$3.37
Weighted Average Diluted Shares Outstanding	0.00	0.00	145.85M	147.28M
Weighted Average Basic & Diluted Shares Outstanding	-	-	144.09M	145.15M

This table shows Nextracker's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	12/31/2022	7/1/2022	9/30/2022	6/30/2023	9/29/2023	12/31/2023	3/31/2024	6/28/2024	9/27/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	0.00	0.00	0.00	20	39	41	205	122	115	115
Consolidated Net Income / (Loss)	43	24	0.00	64	81	128	223	125	117	117
Net Income / (Loss) Continuing Operations	43	24	27	64	81	128	223	125	117	117
Total Pre-Tax Income	61	30	38	73	85	167	283	152	137	160
Total Operating Income	59	30	39	74	94	148	271	160	133	150
Total Gross Profit	82	50	65	114	149	210	340	237	225	241
Total Revenue	513	403	467	480	573	710	737	720	636	679
Operating Revenue	513	403	467	480	573	710	737	720	636	679
Total Cost of Revenue	431	353	403	366	424	501	396	482	411	438
Operating Cost of Revenue	431	353	403	366	424	501	396	482	411	438
Total Operating Expenses	24	20	25	40	55	61	70	77	91	91
Selling, General & Admin Expense	19	16	21	34	48	48	53	61	72	71
Research & Development Expense	4.98	3.98	4.32	5.63	7.15	13	17	17	19	20
Total Other Income / (Expense), net	2.37	0.06	-1.31	-1.13	-8.68	18	12	-8.15	3.72	9.98
Interest & Investment Income	2.37	0.06	-1.31	-3.10	-3.65	-3.23	-22	-3.28	-3.67	-3.80
Other Income / (Expense), net	-	-	-	1.97	-5.04	22	-	-4.87	7.38	14
Income Tax Expense	18	5.70	11	9.10	4.00	39	60	27	20	43
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	0.00	0.00	43	42	87	18	3.09	1.87	2.09
Basic Earnings per Share	$0.00	$0.00	$0.00	$0.44	$0.64	$0.67	$2.22	$0.86	$0.80	$0.80
Weighted Average Basic Shares Outstanding	0.00	0.00	0.00	46.41M	61.72M	62.11M	77.07M	142.10M	143.48M	143.66M
Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.43	$0.55	$0.87	$1.52	$0.84	$0.79	$0.79
Weighted Average Diluted Shares Outstanding	0.00	0.00	0.00	146.87M	147.14M	147.34M	147.28M	149.23M	149.08M	149.03M
Weighted Average Basic & Diluted Shares Outstanding	45.87M	-	-	61.99M	62.10M	136.54M	145.15M	145.35M	145.55M	145.62M

This table details how cash moves in and out of Nextracker's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024
Period end date	3/31/2021	3/31/2022	3/31/2023	3/31/2024
Net Change in Cash & Equivalents	188	-162	101	344
Net Cash From Operating Activities	94	-147	108	429
Net Cash From Continuing Operating Activities	94	-147	108	429
Net Income / (Loss) Continuing Operations	124	51	121	496
Consolidated Net Income / (Loss)	124	51	121	496
Depreciation Expense	17	11	4.63	4.36
Non-Cash Adjustments To Reconcile Net Income	8.21	-142	28	-40
Changes in Operating Assets and Liabilities, net	-55	-67	-46	-32
Net Cash From Investing Activities	-2.96	-5.75	-3.16	-6.66
Net Cash From Continuing Investing Activities	-2.96	-5.75	-3.16	-6.66
Purchase of Property, Plant & Equipment	-2.46	-5.92	-3.18	-6.16
Acquisitions	-0.50	0.00	0.00	-0.50
Sale of Property, Plant & Equipment	0.00	0.17	0.02	0.00
Net Cash From Financing Activities	96	-8.66	-3.57	-78
Net Cash From Continuing Financing Activities	96	-8.66	-3.57	-78
Repayment of Debt	0.00	0.00	-23	-3.05
Repurchase of Common Equity	-	0.00	-694	-552
Payment of Dividends	-331	0.00	-175	-67
Issuance of Debt	0.00	0.00	170	0.00
Issuance of Common Equity	0.00	0.00	694	552
Other Financing Activities, net	428	-8.66	24	-8.34

This table details how cash moves in and out of Nextracker's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	3/31/2022	7/1/2022	9/30/2022	6/30/2023	9/29/2023	12/31/2023	3/31/2024	6/28/2024	9/27/2024	12/31/2024
Net Change in Cash & Equivalents	-233	2.06	53	225	18	-5.10	106	-2.18	90	132
Net Cash From Operating Activities	-219	2.79	50	226	27	65	111	121	154	144
Net Cash From Continuing Operating Activities	-219	2.79	50	226	27	65	111	121	154	146
Net Income / (Loss) Continuing Operations	-43	24	27	64	81	128	223	125	117	117
Consolidated Net Income / (Loss)	-43	24	27	64	81	128	223	125	117	117
Depreciation Expense	7.55	1.27	1.38	1.05	0.97	1.12	1.23	0.94	2.94	4.42
Changes in Operating Assets and Liabilities, net	-42	-23	21	161	-55	-64	-73	-4.89	34	22
Net Cash From Investing Activities	-3.12	-0.43	-0.88	-0.69	-0.71	-2.44	-2.81	-113	-47	-8.94
Net Cash From Continuing Investing Activities	-3.12	-0.43	-0.88	-0.69	-0.71	-2.44	-2.81	-113	-47	-8.94
Purchase of Property, Plant & Equipment	-3.26	-0.43	-0.91	-0.69	-0.71	-2.44	-2.31	-2.89	-12	-8.94
Net Cash From Financing Activities	-9.91	-0.31	4.30	0.00	-8.36	-67	-2.45	-9.97	-17	-3.24
Net Cash From Continuing Financing Activities	-9.91	-0.31	4.30	0.00	-8.36	-67	-2.45	-9.97	-17	-3.24
Repayment of Debt	-	-	-	0.00	-0.03	-3.10	0.07	-4.65	-0.94	-3.24

This table presents Nextracker's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024
Period end date	3/31/2022	3/31/2022	3/31/2023	3/31/2024
Total Assets	1,017	1,017	1,420	2,519
Total Current Assets	714	714	872	1,768
Cash & Equivalents	29	29	130	474
Accounts Receivable	168	168	271	383
Inventories, net	172	172	138	202
Other Current Assets	344	344	333	710
Plant, Property, & Equipment, net	7.42	7.42	7.26	9.24
Total Noncurrent Assets	296	296	540	741
Goodwill	265	265	265	265
Intangible Assets	2.53	2.53	1.32	1.55
Noncurrent Deferred & Refundable Income Taxes	-	28	274	438
Other Noncurrent Operating Assets	28	-	-	36
Total Liabilities & Shareholders' Equity	1,017	1,017	1,420	2,519
Total Liabilities	516	516	935	1,527
Total Current Liabilities	473	473	507	891
Short-Term Debt	-	-	-	3.75
Accounts Payable	306	306	211	457
Accrued Expenses	26	26	60	82
Current Deferred Revenue	78	78	176	226
Other Current Liabilities	63	63	60	123
Total Noncurrent Liabilities	43	43	427	635
Long-Term Debt	-	0.00	147	144
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	392
Other Noncurrent Operating Liabilities	43	43	280	100
Commitments & Contingencies	-	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-3.04	0.00	-3,076	992
Total Preferred & Common Equity	-3.04	0.00	-3,076	961
Total Common Equity	-3.04	0.00	-3,076	961
Common Stock	0.00	0.00	0.02	4,028
Retained Earnings	-	0.00	-3,076	-3,067
Accumulated Other Comprehensive Income / (Loss)	-	-	0.00	0.02
Noncontrolling Interest	-	-	0.00	31

This table presents Nextracker's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	12/31/2022	6/30/2023	9/29/2023	12/31/2023	6/28/2024	9/27/2024	12/31/2024
Total Assets	1,260	1,657	2,034	2,095	2,627	2,769	2,984
Total Current Assets	954	1,117	1,339	1,419	1,697	1,785	1,995
Cash & Equivalents	100	355	373	368	472	562	694
Accounts Receivable	286	223	347	365	402	358	458
Inventories, net	251	137	196	203	166	179	217
Other Current Assets	317	402	423	483	658	686	626
Plant, Property, & Equipment, net	7.91	6.91	7.46	8.37	35	47	48
Total Noncurrent Assets	297	533	687	668	894	937	941
Goodwill	265	265	265	265	328	371	371
Intangible Assets	1.38	1.26	1.20	1.63	46	49	48
Noncurrent Deferred & Refundable Income Taxes	-	267	421	401	463	472	472
Other Noncurrent Operating Assets	31	-	-	-	56	44	51
Total Liabilities & Shareholders' Equity	1,260	1,657	2,034	2,095	2,627	2,769	2,984
Total Liabilities	641	1,100	1,358	1,344	1,490	1,486	1,559
Total Current Liabilities	605	676	772	759	803	806	905
Short-Term Debt	-	-	-	-	4.69	5.63	6.56
Accounts Payable	353	293	403	375	387	407	377
Accrued Expenses	44	57	67	70	69	77	73
Current Deferred Revenue	173	251	236	180	219	237	297
Other Current Liabilities	35	74	66	134	123	80	151
Total Noncurrent Liabilities	36	424	586	584	687	680	654
Long-Term Debt	-	147	146	145	142	141	139
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	-	399	399	375
Other Noncurrent Operating Liabilities	36	276	441	439	146	141	140
Commitments & Contingencies	-	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	96	-3,352	-2,641	-3,117	1,137	1,282	1,425
Total Preferred & Common Equity	96	-3,352	-2,641	-3,117	1,121	1,266	1,407
Total Common Equity	96	-3,352	-2,641	-3,117	1,121	1,266	1,407
Common Stock	0.00	0.02	672	155	4,067	4,097	4,122
Retained Earnings	-	-3,352	-3,313	-3,272	-2,945	-2,829	-2,714
Accumulated Other Comprehensive Income / (Loss)	-	-	-	-	-0.52	-1.19	-1.20
Noncontrolling Interest	-	-	-	-	15	16	18

This table displays calculated financial ratios and metrics derived from Nextracker's official financial filings.

Metric	2021	2022	2023	2024
Period end date	3/31/2021	3/31/2022	3/31/2023	3/31/2024
Growth Metrics	-	-	-	-
Revenue Growth	0.00%	21.91%	30.50%	31.42%
EBITDA Growth	0.00%	-56.49%	130.10%	256.71%
EBIT Growth	0.00%	-58.91%	162.37%	263.81%
NOPAT Growth	0.00%	-58.68%	134.59%	296.33%
Net Income Growth	0.00%	-59.06%	138.31%	308.97%
EPS Growth	0.00%	0.00%	0.00%	16,750.00%
Operating Cash Flow Growth	0.00%	-256.05%	173.19%	298.42%
Free Cash Flow Firm Growth	0.00%	0.00%	76.51%	250.93%
Invested Capital Growth	0.00%	0.00%	6.34%	31.86%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	-154.01%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-
Gross Margin	19.40%	10.09%	15.09%	32.52%
EBITDA Margin	14.67%	5.23%	9.23%	25.05%
Operating Margin	13.26%	4.52%	8.86%	23.49%
EBIT Margin	13.26%	4.47%	8.99%	24.87%
Profit (Net Income) Margin	10.40%	3.49%	6.38%	19.85%
Tax Burden Percent	78.69%	78.20%	71.76%	81.61%
Interest Burden Percent	99.68%	99.95%	98.93%	97.78%
Effective Tax Rate	21.31%	21.80%	28.24%	18.39%
Return on Invested Capital (ROIC)	26.43%	10.92%	24.82%	82.34%
ROIC Less NNEP Spread (ROIC-NNEP)	27.78%	12.96%	19.09%	71.45%
Return on Net Nonoperating Assets (RNNOA)	-1.61%	-0.79%	-0.29%	-15.14%
Return on Equity (ROE)	24.81%	10.13%	24.54%	67.20%
Cash Return on Invested Capital (CROIC)	0.00%	10.92%	18.68%	54.85%
Operating Return on Assets (OROA)	15.58%	6.40%	14.03%	31.58%
Return on Assets (ROA)	12.22%	5.00%	9.96%	25.20%
Return on Common Equity (ROCE)	-0.15%	-0.03%	-76.30%	-96.22%
Return on Equity Simple (ROE_SIMPLE)	-4,097.13%	0.00%	-3.94%	51.63%
Net Operating Profit after Tax (NOPAT)	125	52	121	479
NOPAT Margin	10.43%	3.54%	6.36%	19.17%
Net Nonoperating Expense Percent (NNEP)	-1.36%	-2.04%	5.73%	10.89%
Cost of Revenue to Revenue	80.60%	89.91%	84.91%	67.48%
SG&A Expenses to Revenue	5.06%	4.59%	5.09%	7.34%
R&D to Revenue	1.09%	0.97%	1.14%	1.69%
Operating Expenses to Revenue	6.14%	5.57%	6.23%	9.04%
Earnings before Interest and Taxes (EBIT)	159	65	171	622
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	175	76	176	626
Valuation Ratios	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	2.45
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	3.39
Price to Revenue (P/Rev)	0.53	0.44	0.80	0.94
Price to Earnings (P/E)	0.00	0.00	1,328.55	7.70
Dividend Yield	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.08%	13.00%
Enterprise Value to Invested Capital (EV/IC)	2.36	2.36	10.15	3.11
Enterprise Value to Revenue (EV/Rev)	0.93	0.76	2.68	0.82
Enterprise Value to EBITDA (EV/EBITDA)	6.35	14.60	29.03	3.29
Enterprise Value to EBIT (EV/EBIT)	7.02	17.09	29.82	3.31
Enterprise Value to NOPAT (EV/NOPAT)	8.93	21.61	42.15	4.29
Enterprise Value to Operating Cash Flow (EV/OCF)	11.81	0.00	47.33	4.80
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	21.61	56.02	6.45
Leverage & Solvency	-	-	-	-
Debt to Equity	0.00	0.00	0.30	0.15
Long-Term Debt to Equity	0.00	0.00	0.30	0.15
Financial Leverage	-0.06	-0.06	-0.02	-0.21
Leverage Ratio	2.03	2.02	2.46	2.67
Compound Leverage Factor	2.02	2.02	2.44	2.61
Debt to Total Capital	0.00%	0.00%	23.28%	12.67%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	23.28%	12.67%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	100.61%	100.00%	563.38%	2.73%
Common Equity to Total Capital	-0.61%	0.00%	-486.67%	84.60%
Debt to EBITDA	0.00	0.00	0.84	0.23
Net Debt to EBITDA	0.00	0.00	0.10	-0.53
Long-Term Debt to EBITDA	0.00	0.00	0.84	0.23
Debt to NOPAT	0.00	0.00	1.22	0.30
Net Debt to NOPAT	0.00	0.00	0.14	-0.69
Long-Term Debt to NOPAT	0.00	0.00	1.22	0.30
Altman Z-Score	2.72	2.67	-0.01	1.45
Noncontrolling Interest Sharing Ratio	100.61%	100.30%	410.99%	243.19%
Liquidity Ratios	-	-	-	-
Current Ratio	1.51	1.51	1.72	1.98
Quick Ratio	0.42	0.42	0.79	0.96
Cash Flow Metrics	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	52	91	319
Operating Cash Flow to CapEx	3,827.57%	-2,558.49%	3,408.33%	6,963.85%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-
Asset Turnover	1.18	1.43	1.56	1.27
Accounts Receivable Turnover	7.10	8.66	8.66	7.65
Inventory Turnover	5.60	7.61	10.41	9.93
Fixed Asset Turnover	161.07	196.36	259.18	303.18
Accounts Payable Turnover	3.15	4.28	6.25	5.05
Days Sales Outstanding (DSO)	51.38	42.15	42.16	47.73
Days Inventory Outstanding (DIO)	65.23	47.96	35.06	36.76
Days Payable Outstanding (DPO)	115.87	85.20	58.45	72.27
Cash Conversion Cycle (CCC)	0.74	4.91	18.77	12.22
Capital & Investment Metrics	-	-	-	-
Invested Capital	472	472	502	662
Invested Capital Turnover	2.53	3.09	3.91	4.30
Increase / (Decrease) in Invested Capital	0.00	0.00	30	160
Enterprise Value (EV)	1,113	1,113	5,096	2,057
Market Capitalization	638	638	1,519	2,357
Book Value per Share	($0.11)	$0.00	($67.06)	$7.04
Tangible Book Value per Share	($10.18)	($10.06)	($72.86)	$5.09
Total Capital	501	504	632	1,136
Total Debt	0.00	0.00	147	144
Total Long-Term Debt	0.00	0.00	147	144
Net Debt	-29	-29	17	-330
Capital Expenditures (CapEx)	2.46	5.75	3.16	6.16
Debt-free, Cash-free Net Working Capital (DFCFNWC)	212	212	235	403
Debt-free Net Working Capital (DFNWC)	241	241	365	877
Net Working Capital (NWC)	241	241	365	877
Net Nonoperating Expense (NNE)	0.40	0.62	-0.43	-17
Net Nonoperating Obligations (NNO)	-29	-32	17	-330
Total Depreciation and Amortization (D&A)	17	11	4.63	4.36
Debt-free, Cash-free Net Working Capital to Revenue	17.70%	14.52%	12.35%	16.11%
Debt-free Net Working Capital to Revenue	20.13%	16.51%	19.18%	35.07%
Net Working Capital to Revenue	20.13%	16.51%	19.18%	35.07%
Earnings Adjustments	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.02	$3.97
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	45.89M	77.07M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.02	$3.37
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	145.85M	147.28M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	144.09M	145.15M
Normalized Net Operating Profit after Tax (NOPAT)	125	52	121	479
Normalized NOPAT Margin	10.43%	3.54%	6.36%	19.17%
Pre Tax Income Margin	13.22%	4.47%	8.89%	24.32%
Debt Service Ratios	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-
Dividend Payout Ratio	266.51%	0.00%	144.23%	13.48%
Augmented Payout Ratio	266.51%	0.00%	716.03%	124.72%

This table displays calculated financial ratios and metrics derived from Nextracker's official financial filings.

Metric	Q3 2022	Q1 2023	Q2 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	12/31/2022	7/1/2022	9/30/2022	6/30/2023	9/29/2023	12/31/2023	3/31/2024	6/28/2024	9/27/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	52.06%	0.00%	0.00%	18.93%	22.74%	0.00%	0.00%	50.13%	10.85%	-4.37%
EBITDA Growth	242.93%	0.00%	0.00%	147.74%	120.40%	0.00%	0.00%	103.09%	59.73%	-1.57%
EBIT Growth	242.93%	0.00%	0.00%	154.79%	125.61%	0.00%	0.00%	104.65%	58.17%	-3.52%
NOPAT Growth	224.54%	0.00%	0.00%	168.42%	220.12%	0.00%	0.00%	103.42%	27.21%	-3.38%
Net Income Growth	239.44%	0.00%	0.00%	163.76%	0.00%	0.00%	0.00%	96.08%	44.04%	-8.27%
EPS Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	95.35%	43.64%	-9.20%
Operating Cash Flow Growth	0.00%	0.00%	0.00%	7,980.42%	-45.82%	0.00%	0.00%	-46.47%	471.46%	121.96%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-16.20%	14.90%	0.00%
Invested Capital Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	132.34%	93.54%	65.90%
Revenue Q/Q Growth	0.00%	0.00%	15.85%	0.00%	19.56%	23.91%	3.67%	-2.25%	-11.72%	6.89%
EBITDA Q/Q Growth	0.00%	0.00%	31.61%	0.00%	17.08%	90.08%	81.76%	-42.56%	-7.92%	17.13%
EBIT Q/Q Growth	0.00%	0.00%	32.59%	0.00%	17.41%	90.90%	82.31%	-42.65%	-9.26%	16.44%
NOPAT Q/Q Growth	0.00%	0.00%	16.34%	0.00%	38.75%	27.01%	87.36%	-38.39%	-13.23%	-3.53%
Net Income Q/Q Growth	0.00%	0.00%	-100.00%	0.00%	27.91%	57.18%	74.43%	-44.09%	-6.03%	0.09%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	27.91%	58.18%	74.71%	-44.74%	-5.95%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	101.27%	1,677.63%	0.00%	-88.08%	140.82%	72.04%	8.39%	27.25%	-6.46%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-25.76%	100.00%	0.00%	0.00%	7.89%	21.83%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	28.16%	18.03%	25.26%	22.62%	6.76%	1.18%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	16.02%	12.37%	13.82%	23.72%	26.01%	29.52%	46.23%	32.98%	35.37%	35.46%
EBITDA Margin	11.43%	7.70%	8.74%	16.03%	15.70%	24.09%	36.92%	21.69%	22.63%	24.79%
Operating Margin	11.43%	7.38%	8.45%	15.41%	16.41%	20.90%	36.75%	22.24%	21.00%	22.11%
EBIT Margin	11.43%	7.38%	8.45%	15.82%	15.53%	23.93%	36.75%	21.56%	22.16%	24.14%
Profit (Net Income) Margin	8.30%	5.98%	0.00%	13.27%	14.20%	18.01%	30.30%	17.33%	18.45%	17.28%
Tax Burden Percent	69.78%	80.89%	0.00%	87.49%	95.32%	76.72%	78.85%	82.13%	85.47%	73.26%
Interest Burden Percent	104.03%	100.20%	96.68%	95.91%	95.91%	98.10%	104.58%	97.89%	97.40%	97.68%
Effective Tax Rate	30.22%	19.11%	29.02%	12.51%	4.68%	23.28%	21.15%	17.87%	14.53%	26.74%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	152.67%	145.66%	0.00%	109.44%	86.21%	76.55%	63.90%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	153.62%	152.94%	0.00%	106.48%	88.72%	75.56%	62.01%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	-57.29%	-51.51%	0.00%	-35.43%	-27.91%	-24.83%	-21.97%
Return on Equity (ROE)	0.00%	0.00%	0.00%	95.37%	94.15%	0.00%	74.01%	58.31%	51.72%	41.93%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	48.23%	14.44%	23.33%	0.00%
Operating Return on Assets (OROA)	0.00%	0.00%	0.00%	18.89%	15.92%	0.00%	46.65%	27.58%	25.87%	26.35%
Return on Assets (ROA)	0.00%	0.00%	0.00%	15.85%	14.56%	0.00%	38.47%	22.18%	21.53%	18.86%
Return on Common Equity (ROCE)	0.00%	0.00%	0.00%	-573.86%	-368.32%	0.00%	-105.97%	-76.80%	-36.33%	-32.95%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	0.00%	-4.80%	-9.17%	0.00%	0.00%	49.70%	46.86%	41.42%
Net Operating Profit after Tax (NOPAT)	41	24	28	65	90	114	213	131	114	110
NOPAT Margin	7.97%	5.97%	6.00%	13.48%	15.64%	16.03%	28.98%	18.26%	17.95%	16.20%
Net Nonoperating Expense Percent (NNEP)	3.30%	0.00%	0.00%	-0.95%	-7.28%	6.30%	2.96%	-2.51%	0.99%	1.90%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-3.83%	-	-	-	7.01%
Cost of Revenue to Revenue	83.98%	87.63%	86.18%	76.28%	73.99%	70.48%	53.77%	67.02%	64.63%	64.54%
SG&A Expenses to Revenue	3.63%	4.00%	4.44%	7.14%	8.35%	6.81%	7.21%	8.45%	11.35%	10.39%
R&D to Revenue	0.97%	0.99%	0.93%	1.17%	1.25%	1.82%	2.27%	2.29%	3.02%	2.96%
Operating Expenses to Revenue	4.60%	4.98%	5.37%	8.31%	9.60%	8.62%	9.48%	10.74%	14.37%	13.35%
Earnings before Interest and Taxes (EBIT)	59	30	39	76	89	170	271	155	141	164
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	59	31	41	77	90	171	272	156	144	168
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	6.63	0.00	0.00	0.00	0.00	0.00	2.45	1.75	1.29	1.09
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	3.39	2.63	1.93	1.55
Price to Revenue (P/Rev)	0.00	0.00	0.00	0.84	0.81	0.00	0.94	0.72	0.58	0.55
Price to Earnings (P/E)	0.00	0.00	0.00	77.29	27.65	0.00	7.70	4.82	3.37	2.74
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	1.29%	3.62%	0.00%	13.00%	20.76%	29.69%	36.44%
Enterprise Value to Invested Capital (EV/IC)	2.04	0.00	0.00	15.37	10.65	10.61	3.11	2.04	1.42	1.14
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	2.71	2.29	0.00	0.82	0.60	0.44	0.36
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	24.74	17.59	0.00	3.29	2.34	1.62	1.32
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	25.25	17.85	0.00	3.31	2.36	1.63	1.34
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	33.29	21.51	0.00	4.29	3.03	2.15	1.76
Enterprise Value to Operating Cash Flow (EV/OCF)	3.90	0.00	0.00	16.24	15.49	0.00	4.80	5.10	2.73	1.89
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	19.73	8.02	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.26	0.22	0.19	0.15	0.13	0.11	0.10
Long-Term Debt to Equity	0.00	0.00	0.00	0.26	0.22	0.19	0.15	0.13	0.11	0.10
Financial Leverage	-0.16	0.00	0.00	-0.37	-0.34	-0.30	-0.33	-0.31	-0.33	-0.35
Leverage Ratio	2.03	0.00	0.00	2.97	3.01	2.79	2.67	2.53	2.45	2.33
Compound Leverage Factor	2.12	0.00	0.00	2.85	2.89	2.73	2.79	2.48	2.39	2.28
Debt to Total Capital	0.00%	0.00%	0.00%	20.91%	17.74%	16.15%	12.67%	11.45%	10.23%	9.26%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.37%	0.39%	0.42%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	20.91%	17.74%	16.15%	12.67%	11.08%	9.84%	8.84%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	84.45%	0.00%	0.00%	554.99%	404.08%	431.62%	2.73%	1.19%	1.14%	1.17%
Common Equity to Total Capital	15.55%	0.00%	0.00%	-475.89%	-321.81%	-347.77%	84.60%	87.37%	88.63%	89.57%
Debt to EBITDA	0.00	0.00	0.00	0.68	0.54	0.00	0.23	0.21	0.19	0.19
Net Debt to EBITDA	0.00	0.00	0.00	-0.96	-0.84	0.00	-0.53	-0.46	-0.55	-0.72
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.68	0.54	0.00	0.23	0.20	0.19	0.18
Debt to NOPAT	0.00	0.00	0.00	0.91	0.66	0.00	0.30	0.27	0.26	0.26
Net Debt to NOPAT	0.00	0.00	0.00	-1.29	-1.03	0.00	-0.69	-0.60	-0.73	-0.96
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.91	0.66	0.00	0.30	0.26	0.25	0.24
Altman Z-Score	0.00	0.00	0.00	-0.26	-0.03	0.00	0.99	0.87	0.83	0.86
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	701.70%	491.20%	0.00%	243.19%	231.72%	170.25%	178.59%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.58	0.00	0.00	1.65	1.73	1.87	1.98	2.11	2.21	2.20
Quick Ratio	0.64	0.00	0.00	0.85	0.93	0.97	0.96	1.09	1.14	1.27
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-478	0.00	0.00	-285	-358	0.00	0.00	-331	-305	-238
Operating Cash Flow to CapEx	0.00%	654.33%	5,469.93%	32,531.27%	3,779.49%	2,651.55%	4,826.49%	4,181.52%	1,280.44%	1,608.77%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.00	0.00	1.19	1.03	0.00	1.27	1.28	1.17	1.09
Accounts Receivable Turnover	0.00	0.00	0.00	8.88	6.01	0.00	7.65	8.77	7.96	6.73
Inventory Turnover	0.00	0.00	0.00	11.91	8.40	0.00	9.93	11.92	9.53	8.23
Fixed Asset Turnover	0.00	0.00	0.00	286.15	279.30	0.00	303.18	129.95	102.61	98.36
Accounts Payable Turnover	0.00	0.00	0.00	5.55	4.09	0.00	5.05	5.30	4.42	4.59
Days Sales Outstanding (DSO)	0.00	0.00	0.00	41.09	60.70	0.00	47.73	41.60	45.86	54.21
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	30.65	43.43	0.00	36.76	30.63	38.28	44.36
Days Payable Outstanding (DPO)	0.00	0.00	0.00	65.81	89.30	0.00	72.27	68.90	82.59	79.47
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	5.93	14.83	0.00	12.22	3.34	1.56	19.10
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	519	0.00	0.00	349	448	528	662	812	867	877
Invested Capital Turnover	0.00	0.00	0.00	11.33	9.31	0.00	3.78	4.72	4.26	3.94
Increase / (Decrease) in Invested Capital	519	0.00	0.00	349	448	0.00	0.00	462	419	348
Enterprise Value (EV)	1,061	0.00	0.00	5,369	4,771	5,608	2,057	1,654	1,230	1,000
Market Capitalization	638	638	638	1,667	1,682	1,962	2,357	1,963	1,629	1,530
Book Value per Share	$2.10	$0.00	$0.00	($72.23)	($42.61)	($50.20)	$7.04	$7.73	$8.71	$9.66
Tangible Book Value per Share	($3.71)	$0.00	$0.00	($77.97)	($46.90)	($54.49)	$5.09	$5.14	$5.82	$6.79
Total Capital	619	0.00	0.00	704	821	896	1,136	1,284	1,428	1,570
Total Debt	0.00	0.00	0.00	147	146	145	144	147	146	145
Total Long-Term Debt	0.00	0.00	0.00	147	146	145	144	142	141	139
Net Debt	-100	0.00	0.00	-208	-227	-223	-330	-325	-416	-548
Capital Expenditures (CapEx)	0.00	0.43	0.91	0.69	0.71	2.44	2.31	2.89	12	8.94
Debt-free, Cash-free Net Working Capital (DFCFNWC)	250	0.00	0.00	86	194	292	403	427	422	403
Debt-free Net Working Capital (DFNWC)	350	0.00	0.00	441	567	660	877	899	984	1,096
Net Working Capital (NWC)	350	0.00	0.00	441	567	660	877	894	978	1,090
Net Nonoperating Expense (NNE)	-1.65	-0.05	28	0.99	8.28	-14	-9.77	6.69	-3.18	-7.31
Net Nonoperating Obligations (NNO)	-100	0.00	0.00	-208	-227	-223	-330	-325	-416	-548
Total Depreciation and Amortization (D&A)	0.00	1.27	1.38	1.05	0.97	1.12	1.23	0.94	2.94	4.42
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	0.00%	0.00%	4.33%	9.29%	0.00%	16.11%	15.59%	15.07%	14.54%
Debt-free Net Working Capital to Revenue	0.00%	0.00%	0.00%	22.27%	27.18%	0.00%	35.07%	32.81%	35.12%	39.56%
Net Working Capital to Revenue	0.00%	0.00%	0.00%	22.27%	27.18%	0.00%	35.07%	32.64%	34.91%	39.33%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.44	$0.64	$0.67	$2.22	$0.86	$0.80	$0.80
Adjusted Weighted Average Basic Shares Outstanding	45.87M	0.00	0.00	46.41M	61.72M	62.11M	77.07M	142.10M	143.48M	143.66M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.43	$0.55	$0.87	$1.52	$0.84	$0.79	$0.79
Adjusted Weighted Average Diluted Shares Outstanding	45.87M	0.00	0.00	146.87M	147.14M	147.34M	147.28M	149.23M	149.08M	149.03M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	45.87M	0.00	0.00	61.99M	62.10M	136.54M	145.15M	145.35M	145.55M	145.62M
Normalized Net Operating Profit after Tax (NOPAT)	41	24	28	65	90	114	213	131	114	110
Normalized NOPAT Margin	7.97%	5.97%	6.00%	13.48%	15.64%	16.03%	28.98%	18.26%	17.95%	16.20%
Pre Tax Income Margin	11.89%	7.40%	8.17%	15.17%	14.90%	23.48%	38.43%	21.11%	21.59%	23.58%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	72.24%	0.00%	13.48%	12.95%	12.30%	1.48%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	72.24%	0.00%	124.72%	12.95%	12.30%	1.48%

Frequently Asked Questions About Nextracker's Financials

When does Nextracker's financial year end?

According to the most recent income statement we have on file, Nextracker's fiscal year ends in March. Their fiscal year 2024 ended on March 31, 2024.

How has Nextracker's net income changed over the last 3 years?

Nextracker's net income appears to be on an upward trend, with a most recent value of $496.22 million in 2024, rising from $124.35 million in 2021. The previous period was $121.33 million in 2023. See where experts think Nextracker is headed by visiting Nextracker's forecast page.

What is Nextracker's operating income?

Nextracker's total operating income in 2024 was $587.12 million, based on the following breakdown:

Total Gross Profit: $813.05 million
Total Operating Expenses: $225.93 million

How has Nextracker revenue changed over the last 3 years?

Over the last 3 years, Nextracker's total revenue changed from $1.20 billion in 2021 to $2.50 billion in 2024, a change of 109.1%.

How much debt does Nextracker have?

Nextracker's total liabilities were at $1.53 billion at the end of 2024, a 63.3% increase from 2023, and a 195.8% increase since 2021.

How much cash does Nextracker have?

In the past 3 years, Nextracker's cash and equivalents has ranged from $29.07 million in 2021 to $474.05 million in 2024, and is currently $474.05 million as of their latest financial filing in 2024.

How has Nextracker's book value per share changed over the last 3 years?

Over the last 3 years, Nextracker's book value per share changed from -0.11 in 2021 to 7.04 in 2024, a change of -6,268.4%.

Related Companies

This page (NASDAQ:NXT) was last updated on 5/6/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Nextracker (NXT) Financials

Frequently Asked Questions About Nextracker's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Nextracker (NXT) Financials

Annual Income Statements for Nextracker

Quarterly Income Statements for Nextracker

Annual Cash Flow Statements for Nextracker

Quarterly Cash Flow Statements for Nextracker

Annual Balance Sheets for Nextracker

Quarterly Balance Sheets for Nextracker

Annual Metrics and Ratios for Nextracker

Quarterly Metrics and Ratios for Nextracker

Frequently Asked Questions About Nextracker's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools