Nextracker (NXT) Financials

$55.88 -0.17 (-0.30%)

Closing price 04:00 PM Eastern

Extended Trading

$56.10 +0.22 (+0.40%)

As of 07:50 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	2024	2023	2022	2021
Period end date	3/31/2024	3/31/2023	3/31/2022	3/31/2021
Net Income / (Loss) Attributable to Common Shareholders	306	1.14	0.00	0.00
Consolidated Net Income / (Loss)	496	121	51	124
Net Income / (Loss) Continuing Operations	496	121	51	124
Total Pre-Tax Income	608	169	65	158
Total Operating Income	587	168	66	159
Total Gross Profit	813	287	147	232
Total Revenue	2,500	1,902	1,458	1,196
Operating Revenue	2,500	1,902	1,458	1,196
Total Cost of Revenue	1,687	1,615	1,311	964
Operating Cost of Revenue	1,687	1,615	1,311	964
Total Operating Expenses	226	118	81	73
Selling, General & Admin Expense	184	97	67	60
Research & Development Expense	42	22	14	13
Total Other Income / (Expense), net	21	0.60	-0.80	-0.50
Interest & Investment Income	-14	-1.83	-0.03	-0.50
Other Income / (Expense), net	35	2.43	-0.77	-
Income Tax Expense	112	48	14	34
Net Income / (Loss) Attributable to Noncontrolling Interest	190	2.45	0.00	0.00
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)	0.00	118	51	124
Basic Earnings per Share	$3.97	$0.02	$0.00	$0.00
Weighted Average Basic Shares Outstanding	77.07M	45.89M	0.00	0.00
Diluted Earnings per Share	$3.37	$0.02	$0.00	$0.00
Weighted Average Diluted Shares Outstanding	147.28M	145.85M	0.00	0.00
Weighted Average Basic & Diluted Shares Outstanding	145.15M	144.09M	-	-

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

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

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

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

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

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

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

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

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

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. Check out Nextracker's forecast to explore projected trends and price targets.

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%.

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This page (NASDAQ:NXT) was last updated on 5/27/2025 by MarketBeat.com Staff

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Nextracker (NXT) Financials

Frequently Asked Questions About Nextracker's Financials

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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

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