What is Nextpower's operating income?

Nextpower's total operating income in 2026 was $697.27 million, based on the following breakdown: Total Gross Profit: $1.16 billion Total Operating Expenses: $462.83 million

Nextpower (NXT) Financials

$121.88 -3.77 (-3.00%)

As of 10:17 AM Eastern

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Annual Income Statements for Nextpower

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

Metric	2021	2022	2023	2024	2025	2026
Period end date	3/31/2021	3/31/2022	3/31/2023	3/31/2024	3/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	0.00	0.00	1.14	306	509	586
Consolidated Net Income / (Loss)	124	51	121	496	517	586
Net Income / (Loss) Continuing Operations	124	51	121	496	517	586
Total Pre-Tax Income	158	65	169	608	648	714
Total Operating Income	159	66	168	587	639	697
Total Gross Profit	232	147	287	813	1,009	1,160
Total Revenue	1,196	1,458	1,902	2,500	2,959	3,559
Operating Revenue	1,196	1,458	1,902	2,500	2,959	3,559
Total Cost of Revenue	964	1,311	1,615	1,687	1,950	2,399
Operating Cost of Revenue	964	1,311	1,615	1,687	1,950	2,399
Total Operating Expenses	73	81	118	226	370	463
Selling, General & Admin Expense	60	67	97	184	290	342
Research & Development Expense	13	14	22	42	79	121
Total Other Income / (Expense), net	-0.50	-0.80	0.60	21	8.90	17
Interest & Investment Income	-0.50	-0.03	-1.83	-14	-13	-2.62
Other Income / (Expense), net	-	-0.77	2.43	35	22	19
Income Tax Expense	34	14	48	112	131	128
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	0.00	2.45	190	8.08	0.00
Basic Earnings per Share	$0.00	$0.00	$0.02	$3.97	$3.55	$3.96
Weighted Average Basic Shares Outstanding	0.00	0.00	45.89M	77.07M	143.54M	147.98M
Diluted Earnings per Share	$0.00	$0.00	$0.02	$3.37	$3.47	$3.84
Weighted Average Diluted Shares Outstanding	0.00	0.00	145.85M	147.28M	149.28M	152.71M
Weighted Average Basic & Diluted Shares Outstanding	-	-	144.09M	145.15M	146.26M	150.27M

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

Metric	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026
Period end date	9/29/2023	12/31/2023	3/31/2024	6/28/2024	9/27/2024	12/31/2024	3/31/2025	6/27/2025	9/26/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	39	41	205	122	115	115	157	157	147	131	151
Consolidated Net Income / (Loss)	81	128	223	125	117	117	158	157	147	131	151
Net Income / (Loss) Continuing Operations	81	128	223	125	117	117	158	157	147	131	151
Total Pre-Tax Income	85	167	283	152	137	160	199	191	183	180	160
Total Operating Income	94	148	271	160	133	150	195	186	181	176	154
Total Gross Profit	149	210	340	237	225	241	306	282	293	288	297
Total Revenue	573	710	737	720	636	679	924	864	905	909	881
Operating Revenue	573	710	737	720	636	679	924	864	905	909	881
Total Cost of Revenue	424	501	396	482	411	438	619	583	612	621	583
Operating Cost of Revenue	424	501	396	482	411	438	619	583	612	621	583
Total Operating Expenses	55	61	70	77	91	91	110	95	112	112	144
Selling, General & Admin Expense	48	48	53	61	72	71	87	74	85	83	101
Research & Development Expense	7.15	13	17	17	19	20	24	22	27	29	43
Total Other Income / (Expense), net	-8.68	18	12	-8.15	3.72	9.98	3.36	4.74	1.38	4.39	6.05
Interest & Investment Income	-3.65	-3.23	-22	-3.28	-3.67	-3.80	-2.35	-1.22	-0.73	-0.34	-0.34
Other Income / (Expense), net	-5.04	22	-	-4.87	7.38	14	5.71	5.95	2.11	4.73	6.39
Income Tax Expense	4.00	39	60	27	20	43	41	34	36	49	9.03
Basic Earnings per Share	$0.64	$0.67	$2.22	$0.86	$0.80	$0.80	$1.09	$1.06	$0.99	$0.88	$1.03
Weighted Average Basic Shares Outstanding	61.72M	62.11M	77.07M	142.10M	143.48M	143.66M	143.54M	147.63M	148.03M	148.41M	147.98M
Diluted Earnings per Share	$0.55	$0.87	$1.52	$0.84	$0.79	$0.79	$1.05	$1.04	$0.97	$0.85	$0.98
Weighted Average Diluted Shares Outstanding	147.14M	147.34M	147.28M	149.23M	149.08M	149.03M	149.28M	150.90M	152.02M	153.92M	152.71M
Weighted Average Basic & Diluted Shares Outstanding	62.10M	136.54M	145.15M	145.35M	145.55M	145.62M	146.26M	147.96M	148.39M	148.48M	150.27M

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

Metric	2021	2022	2023	2024	2025	2026
Period end date	3/31/2021	3/31/2022	3/31/2023	3/31/2024	3/31/2025	3/31/2026
Net Change in Cash & Equivalents	188	-162	101	344	292	329
Net Cash From Operating Activities	94	-147	108	429	656	563
Net Cash From Continuing Operating Activities	94	-147	108	429	656	563
Net Income / (Loss) Continuing Operations	124	51	121	496	517	586
Consolidated Net Income / (Loss)	124	51	121	496	517	586
Depreciation Expense	17	11	4.63	4.36	13	31
Amortization Expense	-	-	0.14	0.57	1.82	1.15
Non-Cash Adjustments To Reconcile Net Income	8.21	-142	28	-166	32	-242
Changes in Operating Assets and Liabilities, net	-55	-67	-46	94	91	188
Net Cash From Investing Activities	-2.96	-5.75	-3.16	-6.66	-186	-187
Net Cash From Continuing Investing Activities	-2.96	-5.75	-3.16	-6.66	-186	-187
Purchase of Property, Plant & Equipment	-2.46	-5.92	-3.18	-6.16	-34	-49
Acquisitions	-0.50	0.00	0.00	0.00	-145	-129
Other Investing Activities, net	-	-	-	-0.50	-7.50	-8.26
Net Cash From Financing Activities	96	-8.66	-3.57	-78	-178	-47
Net Cash From Continuing Financing Activities	96	-8.66	-3.57	-78	-178	-47
Repayment of Debt	0.00	0.00	-23	-3.05	-156	-1.99
Repurchase of Common Equity	-	0.00	-694	-552	0.00	-0.40
Payment of Dividends	-331	0.00	-175	-67	-6.11	-3.01
Issuance of Common Equity	0.00	0.00	694	552	0.00	0.00
Other Financing Activities, net	428	-8.66	24	-8.34	-16	-42

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

Metric	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026
Period end date	9/29/2023	12/31/2023	3/31/2024	6/28/2024	9/27/2024	12/31/2024	3/31/2025	6/27/2025	9/26/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	18	-5.10	106	-2.18	90	132	73	-23	102	107	142
Net Cash From Operating Activities	27	65	111	121	154	144	237	81	187	123	171
Net Cash From Continuing Operating Activities	27	65	111	121	154	146	236	81	187	123	171
Net Income / (Loss) Continuing Operations	81	128	223	125	117	117	158	157	147	131	151
Consolidated Net Income / (Loss)	81	128	223	125	117	117	158	157	147	131	151
Depreciation Expense	0.97	1.12	1.23	0.94	2.94	4.42	5.11	5.79	7.36	8.44	9.02
Non-Cash Adjustments To Reconcile Net Income	-	-	-	-	-	-	123	-	-	-	-242
Changes in Operating Assets and Liabilities, net	-55	-64	-73	-4.89	34	22	-52	-82	33	-16	253
Net Cash From Investing Activities	-0.71	-2.44	-2.81	-113	-47	-8.94	-18	-98	-44	-16	-29
Net Cash From Continuing Investing Activities	-0.71	-2.44	-2.81	-113	-47	-8.94	-18	-98	-44	-16	-29
Purchase of Property, Plant & Equipment	-0.71	-2.44	-2.31	-2.89	-12	-8.94	-10	-11	-15	-4.73	-18
Acquisitions	-	-	-	-110	-35	-	-7.50	-87	-29	-8.32	-5.23
Other Investing Activities, net	-	-	-	-	-	-	-	-	-	-	-5.52
Net Cash From Financing Activities	-8.36	-67	-2.45	-9.97	-17	-3.24	-147	-5.95	-40	-0.20	-0.52
Net Cash From Continuing Financing Activities	-8.36	-67	-2.45	-9.97	-17	-3.24	-147	-5.95	-40	-0.20	-0.52
Other Financing Activities, net	-	-	-	0.00	-	-	-	-2.94	-38	-0.20	-0.13

This table presents Nextpower'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	2025	2026
Period end date	3/31/2022	3/31/2022	3/31/2023	3/31/2024	3/31/2025	3/31/2026
Total Assets	1,017	1,017	1,420	2,519	3,193	4,073
Total Current Assets	714	714	872	1,768	2,158	2,847
Cash & Equivalents	29	29	130	474	766	1,095
Accounts Receivable	168	168	271	383	472	417
Inventories, net	172	172	138	202	209	262
Other Current Assets	344	344	333	710	710	1,072
Plant, Property, & Equipment, net	7.42	7.42	7.26	9.24	60	78
Total Noncurrent Assets	296	296	540	741	974	1,148
Goodwill	265	265	265	265	371	489
Intangible Assets	2.53	2.53	1.32	1.55	53	78
Noncurrent Deferred & Refundable Income Taxes	-	28	274	438	499	512
Other Noncurrent Operating Assets	28	-	-	36	51	69
Total Liabilities & Shareholders' Equity	1,017	1,017	1,420	2,519	3,193	4,073
Total Liabilities	516	516	935	1,527	1,564	1,739
Total Current Liabilities	473	473	507	891	1,034	1,164
Accounts Payable	306	306	211	457	585	533
Accrued Expenses	26	26	60	82	97	130
Current Deferred Revenue	78	78	176	226	247	307
Other Current Liabilities	63	63	60	123	104	193
Total Noncurrent Liabilities	43	43	427	635	531	575
Noncurrent Deferred Revenue	-	-	-	69	97	102
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	392	395	373
Other Noncurrent Operating Liabilities	43	43	280	30	39	100
Commitments & Contingencies	-	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-3.04	0.00	-3,076	992	1,628	2,334
Total Preferred & Common Equity	-3.04	0.00	-3,076	961	1,628	2,334
Total Common Equity	-3.04	0.00	-3,076	961	1,628	2,334
Common Stock	0.00	0.00	0.02	4,028	4,186	4,306
Retained Earnings	-	0.00	-3,076	-3,067	-2,557	-1,972
Accumulated Other Comprehensive Income / (Loss)	-	-	0.00	0.02	-0.30	0.18

This table presents Nextpower'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	Q1 2026	Q2 2026	Q3 2026
Period end date	12/31/2022	6/30/2023	9/29/2023	12/31/2023	6/28/2024	9/27/2024	12/31/2024	6/27/2025	9/26/2025	12/31/2025
Total Assets	1,260	1,657	2,034	2,095	2,627	2,769	2,984	3,390	3,669	3,800
Total Current Assets	954	1,117	1,339	1,419	1,697	1,785	1,995	2,233	2,439	2,560
Cash & Equivalents	100	355	373	368	472	562	694	743	845	953
Accounts Receivable	286	223	347	365	402	358	458	554	549	452
Inventories, net	251	137	196	203	166	179	217	227	221	275
Other Current Assets	317	402	423	483	658	686	626	709	823	879
Plant, Property, & Equipment, net	7.91	6.91	7.46	8.37	35	47	48	72	85	85
Total Noncurrent Assets	297	533	687	668	894	937	941	1,085	1,145	1,156
Goodwill	265	265	265	265	328	371	371	445	474	485
Intangible Assets	1.38	1.26	1.20	1.63	46	49	48	69	82	81
Noncurrent Deferred & Refundable Income Taxes	-	267	421	401	463	472	472	511	514	518
Other Noncurrent Operating Assets	31	-	-	-	56	44	51	59	76	72
Total Liabilities & Shareholders' Equity	1,260	1,657	2,034	2,095	2,627	2,769	2,984	3,390	3,669	3,800
Total Liabilities	641	1,100	1,358	1,344	1,490	1,486	1,559	1,583	1,683	1,649
Total Current Liabilities	605	676	772	759	803	806	905	1,032	1,120	1,085
Accounts Payable	353	293	403	375	387	407	377	581	554	560
Accrued Expenses	44	57	67	70	69	77	73	86	104	107
Current Deferred Revenue	173	251	236	180	219	237	297	262	372	322
Other Current Liabilities	35	74	66	134	123	80	151	103	90	96
Total Noncurrent Liabilities	36	424	586	584	687	680	654	551	563	564
Noncurrent Deferred Revenue	-	-	-	-	-	-	-	101	99	98
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	-	399	399	375	392	372	371
Other Noncurrent Operating Liabilities	36	276	441	439	146	141	140	57	92	96
Commitments & Contingencies	-	0.00	0.00	0.00	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	1,807	1,986	2,151
Total Preferred & Common Equity	96	-3,352	-2,641	-3,117	1,121	1,266	1,407	1,807	1,986	2,151
Total Common Equity	96	-3,352	-2,641	-3,117	1,121	1,266	1,407	1,807	1,986	2,151
Common Stock	0.00	0.02	672	155	4,067	4,097	4,122	4,208	4,240	4,274
Retained Earnings	-	-3,352	-3,313	-3,272	-2,945	-2,829	-2,714	-2,400	-2,253	-2,122
Accumulated Other Comprehensive Income / (Loss)	-	-	-	-	-0.52	-1.19	-1.20	-0.78	-0.74	-0.66

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

Metric	2021	2022	2023	2024	2025	2026
Period end date	3/31/2021	3/31/2022	3/31/2023	3/31/2024	3/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	148,475,843.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	148,475,843.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	3.95
Growth Metrics	-	-	-	-	-	-
Revenue Growth	0.00%	21.91%	30.50%	31.42%	18.38%	20.28%
EBITDA Growth	0.00%	-56.49%	130.10%	256.71%	7.91%	10.62%
EBIT Growth	0.00%	-58.91%	162.37%	263.81%	6.32%	8.37%
NOPAT Growth	0.00%	-58.68%	134.59%	296.33%	6.46%	12.18%
Net Income Growth	0.00%	-59.06%	138.31%	308.97%	4.24%	13.27%
EPS Growth	0.00%	0.00%	0.00%	16,750.00%	2.97%	10.66%
Operating Cash Flow Growth	0.00%	-256.05%	173.19%	298.42%	52.88%	-14.16%
Free Cash Flow Firm Growth	0.00%	0.00%	76.51%	250.93%	-0.53%	-37.89%
Invested Capital Growth	0.00%	0.00%	6.34%	31.86%	29.49%	43.78%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	6.78%	-1.22%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-10.60%	-4.59%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-11.50%	-5.42%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-10.24%	-1.70%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-11.22%	-1.22%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-11.93%	-1.79%
Operating Cash Flow Q/Q Growth	0.00%	-154.01%	0.00%	0.00%	23.74%	-10.48%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	-25.23%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-1.68%	3.44%
Profitability Metrics	-	-	-	-	-	-
Gross Margin	19.40%	10.09%	15.09%	32.52%	34.09%	32.59%
EBITDA Margin	14.67%	5.23%	9.23%	25.05%	22.86%	21.02%
Operating Margin	13.26%	4.52%	8.86%	23.49%	21.60%	19.59%
EBIT Margin	13.26%	4.47%	8.99%	24.87%	22.34%	20.13%
Profit (Net Income) Margin	10.40%	3.49%	6.38%	19.85%	17.48%	16.46%
Tax Burden Percent	78.69%	78.20%	71.76%	81.61%	79.82%	82.08%
Interest Burden Percent	99.68%	99.95%	98.93%	97.78%	98.02%	99.63%
Effective Tax Rate	21.31%	21.80%	28.24%	18.39%	20.18%	17.92%
Return on Invested Capital (ROIC)	26.43%	10.92%	24.82%	82.34%	66.78%	54.47%
ROIC Less NNEP Spread (ROIC-NNEP)	27.78%	12.96%	19.09%	71.45%	65.48%	53.01%
Return on Net Nonoperating Assets (RNNOA)	-1.61%	-0.79%	-0.29%	-15.14%	-27.30%	-24.90%
Return on Equity (ROE)	24.81%	10.13%	24.54%	67.20%	39.48%	29.57%
Cash Return on Invested Capital (CROIC)	0.00%	10.92%	18.68%	54.85%	41.08%	18.55%
Operating Return on Assets (OROA)	15.58%	6.40%	14.03%	31.58%	23.15%	19.72%
Return on Assets (ROA)	12.22%	5.00%	9.96%	25.20%	18.11%	16.13%
Return on Common Equity (ROCE)	-0.15%	-0.03%	-76.30%	-96.22%	39.01%	29.57%
Return on Equity Simple (ROE_SIMPLE)	-4,097.13%	0.00%	-3.94%	51.63%	31.77%	0.00%
Net Operating Profit after Tax (NOPAT)	125	52	121	479	510	572
NOPAT Margin	10.43%	3.54%	6.36%	19.17%	17.24%	16.08%
Net Nonoperating Expense Percent (NNEP)	-1.36%	-2.04%	5.73%	10.89%	1.30%	1.46%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	31.33%	24.52%
Cost of Revenue to Revenue	80.60%	89.91%	84.91%	67.48%	65.91%	67.41%
SG&A Expenses to Revenue	5.06%	4.59%	5.09%	7.34%	9.81%	9.61%
R&D to Revenue	1.09%	0.97%	1.14%	1.69%	2.68%	3.40%
Operating Expenses to Revenue	6.14%	5.57%	6.23%	9.04%	12.49%	13.00%
Earnings before Interest and Taxes (EBIT)	159	65	171	622	661	716
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	175	76	176	626	676	748
Valuation Ratios	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	2.45	1.08	2.16
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	3.39	1.47	2.86
Price to Revenue (P/Rev)	0.53	0.44	0.80	0.94	0.60	1.42
Price to Earnings (P/E)	0.00	0.00	1,328.55	7.70	3.47	8.62
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.08%	13.00%	28.85%	11.61%
Enterprise Value to Invested Capital (EV/IC)	2.36	2.36	10.15	3.11	1.16	3.19
Enterprise Value to Revenue (EV/Rev)	0.93	0.76	2.68	0.82	0.34	1.11
Enterprise Value to EBITDA (EV/EBITDA)	6.35	14.60	29.03	3.29	1.48	5.28
Enterprise Value to EBIT (EV/EBIT)	7.02	17.09	29.82	3.31	1.51	5.52
Enterprise Value to NOPAT (EV/NOPAT)	8.93	21.61	42.15	4.29	1.96	6.91
Enterprise Value to Operating Cash Flow (EV/OCF)	11.81	0.00	47.33	4.80	1.52	7.02
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	21.61	56.02	6.45	3.18	20.29
Leverage & Solvency	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.30	0.15	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.30	0.15	0.00	0.00
Financial Leverage	-0.06	-0.06	-0.02	-0.21	-0.42	-0.47
Leverage Ratio	2.03	2.02	2.46	2.67	2.18	1.83
Compound Leverage Factor	2.02	2.02	2.44	2.61	2.14	1.83
Debt to Total Capital	0.00%	0.00%	23.28%	12.67%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	23.28%	12.67%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	100.61%	100.00%	563.38%	2.73%	0.00%	0.00%
Common Equity to Total Capital	-0.61%	0.00%	-486.67%	84.60%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.84	0.23	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.10	-0.53	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.84	0.23	0.00	0.00
Debt to NOPAT	0.00	0.00	1.22	0.30	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.14	-0.69	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	1.22	0.30	0.00	0.00
Altman Z-Score	2.72	2.67	-0.01	1.45	1.59	3.01
Noncontrolling Interest Sharing Ratio	100.61%	100.30%	410.99%	243.19%	1.18%	0.00%
Liquidity Ratios	-	-	-	-	-	-
Current Ratio	1.51	1.51	1.72	1.98	2.09	2.45
Quick Ratio	0.42	0.42	0.79	0.96	1.20	1.30
Cash Flow Metrics	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	52	91	319	314	195
Operating Cash Flow to CapEx	3,827.57%	-2,558.49%	3,408.33%	6,963.85%	1,933.30%	1,142.34%
Free Cash Flow to Firm to Interest Expense	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
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-
Asset Turnover	1.18	1.43	1.56	1.27	1.04	0.98
Accounts Receivable Turnover	7.10	8.66	8.66	7.65	6.92	8.00
Inventory Turnover	5.60	7.61	10.41	9.93	9.49	10.17
Fixed Asset Turnover	161.07	196.36	259.18	303.18	85.00	51.31
Accounts Payable Turnover	3.15	4.28	6.25	5.05	3.74	4.29
Days Sales Outstanding (DSO)	51.38	42.15	42.16	47.73	52.74	45.61
Days Inventory Outstanding (DIO)	65.23	47.96	35.06	36.76	38.47	35.88
Days Payable Outstanding (DPO)	115.87	85.20	58.45	72.27	97.50	85.10
Cash Conversion Cycle (CCC)	0.74	4.91	18.77	12.22	-6.28	-3.61
Capital & Investment Metrics	-	-	-	-	-	-
Invested Capital	472	472	502	662	862	1,239
Invested Capital Turnover	2.53	3.09	3.91	4.30	3.87	3.39
Increase / (Decrease) in Invested Capital	0.00	0.00	30	160	196	377
Enterprise Value (EV)	1,113	1,113	5,096	2,057	999	3,954
Market Capitalization	638	638	1,519	2,357	1,765	5,049
Book Value per Share	($0.11)	$0.00	($67.06)	$7.04	$11.18	$15.72
Tangible Book Value per Share	($10.18)	($10.06)	($72.86)	$5.09	$8.27	$11.90
Total Capital	501	504	632	1,136	1,628	2,334
Total Debt	0.00	0.00	147	144	0.00	0.00
Total Long-Term Debt	0.00	0.00	147	144	0.00	0.00
Net Debt	-29	-29	17	-330	-766	-1,095
Capital Expenditures (CapEx)	2.46	5.75	3.16	6.16	34	49
Debt-free, Cash-free Net Working Capital (DFCFNWC)	212	212	235	403	358	588
Debt-free Net Working Capital (DFNWC)	241	241	365	877	1,124	1,683
Net Working Capital (NWC)	241	241	365	877	1,124	1,683
Net Nonoperating Expense (NNE)	0.40	0.62	-0.43	-17	-7.11	-14
Net Nonoperating Obligations (NNO)	-29	-32	17	-330	-766	-1,095
Total Depreciation and Amortization (D&A)	17	11	4.63	4.36	15	32
Debt-free, Cash-free Net Working Capital to Revenue	17.70%	14.52%	12.35%	16.11%	12.11%	16.51%
Debt-free Net Working Capital to Revenue	20.13%	16.51%	19.18%	35.07%	38.00%	47.27%
Net Working Capital to Revenue	20.13%	16.51%	19.18%	35.07%	38.00%	47.27%
Earnings Adjustments	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.02	$3.97	$3.55	$3.96
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	45.89M	77.07M	143.54M	147.98M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.02	$3.37	$3.47	$3.84
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	145.85M	147.28M	149.28M	152.71M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	144.09M	145.15M	146.26M	150.27M
Normalized Net Operating Profit after Tax (NOPAT)	125	52	121	479	510	572
Normalized NOPAT Margin	10.43%	3.54%	6.36%	19.17%	17.24%	16.08%
Pre Tax Income Margin	13.22%	4.47%	8.89%	24.32%	21.90%	20.05%
Debt Service Ratios	-	-	-	-	-	-
EBIT to Interest Expense	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
EBIT Less CapEx to Interest Expense	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
Payout Ratios	-	-	-	-	-	-
Dividend Payout Ratio	266.51%	0.00%	144.23%	13.48%	1.18%	0.51%
Augmented Payout Ratio	266.51%	0.00%	716.03%	124.72%	1.18%	0.58%

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

Metric	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026
Period end date	9/29/2023	12/31/2023	3/31/2024	6/28/2024	9/27/2024	12/31/2024	3/31/2025	6/27/2025	9/26/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	148,475,843.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	148,475,843.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	1.01
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	22.74%	0.00%	0.00%	50.13%	10.85%	-4.37%	25.50%	20.05%	42.43%	33.85%	-4.74%
EBITDA Growth	120.40%	0.00%	0.00%	103.09%	59.73%	-1.57%	-28.46%	26.77%	32.70%	12.38%	-18.02%
EBIT Growth	125.61%	0.00%	0.00%	104.65%	58.17%	-3.52%	-29.94%	23.81%	30.24%	10.26%	-20.42%
NOPAT Growth	220.12%	0.00%	0.00%	103.42%	27.21%	-3.38%	-27.31%	16.58%	27.76%	16.33%	-6.61%
Net Income Growth	0.00%	0.00%	0.00%	96.08%	44.04%	-8.27%	-29.29%	25.95%	25.24%	11.81%	-4.57%
EPS Growth	0.00%	0.00%	0.00%	95.35%	43.64%	-9.20%	-30.92%	23.81%	22.78%	7.59%	-6.67%
Operating Cash Flow Growth	-45.82%	0.00%	0.00%	-46.47%	471.46%	121.96%	112.86%	-32.70%	21.52%	-14.29%	-27.77%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	-16.20%	14.90%	0.00%	0.00%	70.14%	57.98%	18.79%	-464.49%
Invested Capital Growth	0.00%	0.00%	0.00%	132.34%	93.54%	65.90%	29.49%	31.06%	31.60%	36.67%	43.78%
Revenue Q/Q Growth	19.56%	23.91%	3.67%	-2.25%	-11.72%	6.89%	36.06%	-6.50%	4.75%	0.45%	-3.17%
EBITDA Q/Q Growth	17.08%	90.08%	81.76%	-42.56%	-7.92%	17.13%	22.38%	-3.95%	-3.61%	-0.81%	-10.72%
EBIT Q/Q Growth	17.41%	90.90%	82.31%	-42.65%	-9.26%	16.44%	22.56%	-4.39%	-4.54%	-1.43%	-11.54%
NOPAT Q/Q Growth	38.75%	27.01%	87.36%	-38.39%	-13.23%	-3.53%	40.96%	-1.20%	-4.91%	-12.15%	13.16%
Net Income Q/Q Growth	27.91%	57.18%	74.43%	-44.09%	-6.03%	0.09%	34.45%	-0.40%	-6.57%	-10.64%	14.76%
EPS Q/Q Growth	27.91%	58.18%	74.71%	-44.74%	-5.95%	0.00%	32.91%	-0.95%	-6.73%	-12.37%	15.29%
Operating Cash Flow Q/Q Growth	-88.08%	140.82%	72.04%	8.39%	27.25%	-6.46%	64.99%	-65.73%	129.80%	-34.03%	39.06%
Free Cash Flow Firm Q/Q Growth	-25.76%	100.00%	0.00%	0.00%	7.89%	21.83%	82.71%	-139.84%	-29.62%	-51.09%	-20.18%
Invested Capital Q/Q Growth	28.16%	18.03%	25.26%	22.62%	6.76%	1.18%	-1.68%	23.40%	7.20%	5.08%	3.44%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	26.01%	29.52%	46.23%	32.98%	35.37%	35.46%	33.07%	32.60%	32.35%	31.69%	33.77%
EBITDA Margin	15.70%	24.09%	36.92%	21.69%	22.63%	24.79%	22.30%	22.91%	21.08%	20.81%	19.19%
Operating Margin	16.41%	20.90%	36.75%	22.24%	21.00%	22.11%	21.13%	21.55%	20.03%	19.37%	17.44%
EBIT Margin	15.53%	23.93%	36.75%	21.56%	22.16%	24.14%	21.75%	22.24%	20.27%	19.89%	18.17%
Profit (Net Income) Margin	14.20%	18.01%	30.30%	17.33%	18.45%	17.28%	17.07%	18.19%	16.22%	14.43%	17.10%
Tax Burden Percent	95.32%	76.72%	78.85%	82.13%	85.47%	73.26%	79.44%	82.31%	80.37%	72.71%	94.34%
Interest Burden Percent	95.91%	98.10%	104.58%	97.89%	97.40%	97.68%	98.83%	99.37%	99.60%	99.81%	99.79%
Effective Tax Rate	4.68%	23.28%	21.15%	17.87%	14.53%	26.74%	20.56%	17.69%	19.63%	27.29%	5.66%
Return on Invested Capital (ROIC)	145.66%	0.00%	109.44%	86.21%	76.55%	63.90%	65.02%	58.70%	54.12%	48.90%	55.75%
ROIC Less NNEP Spread (ROIC-NNEP)	152.94%	0.00%	106.48%	88.72%	75.56%	62.01%	64.54%	57.97%	53.95%	48.48%	55.13%
Return on Net Nonoperating Assets (RNNOA)	-51.51%	0.00%	-35.43%	-27.91%	-24.83%	-21.97%	-26.91%	-21.04%	-20.82%	-20.35%	-25.89%
Return on Equity (ROE)	94.15%	0.00%	74.01%	58.31%	51.72%	41.93%	38.12%	37.66%	33.31%	28.56%	29.85%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	48.23%	14.44%	23.33%	0.00%	41.08%	29.87%	28.91%	25.13%	18.55%
Operating Return on Assets (OROA)	15.92%	0.00%	46.65%	27.58%	25.87%	26.35%	22.54%	22.94%	21.24%	21.13%	17.80%
Return on Assets (ROA)	14.56%	0.00%	38.47%	22.18%	21.53%	18.86%	17.69%	18.76%	17.00%	15.33%	16.76%
Return on Common Equity (ROCE)	-368.32%	0.00%	-105.97%	-76.80%	-36.33%	-32.95%	37.67%	37.47%	33.14%	28.41%	29.85%
Return on Equity Simple (ROE_SIMPLE)	-9.17%	0.00%	0.00%	49.70%	46.86%	41.42%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	90	114	213	131	114	110	155	153	146	128	145
NOPAT Margin	15.64%	16.03%	28.98%	18.26%	17.95%	16.20%	16.78%	17.74%	16.10%	14.08%	16.46%
Net Nonoperating Expense Percent (NNEP)	-7.28%	6.30%	2.96%	-2.51%	0.99%	1.90%	0.49%	0.73%	0.18%	0.43%	0.61%
Return On Investment Capital (ROIC_SIMPLE)	-	-3.83%	-	-	-	7.01%	9.53%	8.48%	7.34%	5.95%	6.21%
Cost of Revenue to Revenue	73.99%	70.48%	53.77%	67.02%	64.63%	64.54%	66.93%	67.40%	67.65%	68.31%	66.23%
SG&A Expenses to Revenue	8.35%	6.81%	7.21%	8.45%	11.35%	10.39%	9.39%	8.55%	9.35%	9.10%	11.43%
R&D to Revenue	1.25%	1.82%	2.27%	2.29%	3.02%	2.96%	2.55%	2.49%	2.97%	3.22%	4.90%
Operating Expenses to Revenue	9.60%	8.62%	9.48%	10.74%	14.37%	13.35%	11.94%	11.05%	12.32%	12.32%	16.33%
Earnings before Interest and Taxes (EBIT)	89	170	271	155	141	164	201	192	183	181	160
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	90	171	272	156	144	168	206	198	191	189	169
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	2.45	1.75	1.29	1.09	1.08	1.35	1.54	1.70	2.16
Price to Tangible Book Value (P/TBV)	0.00	0.00	3.39	2.63	1.93	1.55	1.47	1.89	2.14	2.30	2.86
Price to Revenue (P/Rev)	0.81	0.00	0.94	0.72	0.58	0.55	0.60	0.79	0.91	1.01	1.42
Price to Earnings (P/E)	27.65	0.00	7.70	4.82	3.37	2.74	3.47	4.48	5.31	6.16	8.62
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.62%	0.00%	13.00%	20.76%	29.69%	36.44%	28.85%	22.30%	18.83%	16.23%	11.61%
Enterprise Value to Invested Capital (EV/IC)	10.65	10.61	3.11	2.04	1.42	1.14	1.16	1.60	1.94	2.25	3.19
Enterprise Value to Revenue (EV/Rev)	2.29	0.00	0.82	0.60	0.44	0.36	0.34	0.55	0.66	0.75	1.11
Enterprise Value to EBITDA (EV/EBITDA)	17.59	0.00	3.29	2.34	1.62	1.32	1.48	2.37	2.90	3.44	5.28
Enterprise Value to EBIT (EV/EBIT)	17.85	0.00	3.31	2.36	1.63	1.34	1.51	2.43	2.99	3.56	5.52
Enterprise Value to NOPAT (EV/NOPAT)	21.51	0.00	4.29	3.03	2.15	1.76	1.96	3.19	3.93	4.63	6.91
Enterprise Value to Operating Cash Flow (EV/OCF)	15.49	0.00	4.80	5.10	2.73	1.89	1.52	2.76	3.41	4.29	7.02
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	19.73	8.02	0.00	3.18	6.06	7.64	10.34	20.29
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.22	0.19	0.15	0.13	0.11	0.10	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.22	0.19	0.15	0.13	0.11	0.10	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.34	-0.30	-0.33	-0.31	-0.33	-0.35	-0.42	-0.36	-0.39	-0.42	-0.47
Leverage Ratio	3.01	2.79	2.67	2.53	2.45	2.33	2.18	2.04	1.97	1.90	1.83
Compound Leverage Factor	2.89	2.73	2.79	2.48	2.39	2.28	2.15	2.03	1.96	1.89	1.83
Debt to Total Capital	17.74%	16.15%	12.67%	11.45%	10.23%	9.26%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.37%	0.39%	0.42%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	17.74%	16.15%	12.67%	11.08%	9.84%	8.84%	0.00%	0.00%	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%	0.00%
Noncontrolling Interests to Total Capital	404.08%	431.62%	2.73%	1.19%	1.14%	1.17%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	-321.81%	-347.77%	84.60%	87.37%	88.63%	89.57%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.54	0.00	0.23	0.21	0.19	0.19	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	-0.84	0.00	-0.53	-0.46	-0.55	-0.72	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.54	0.00	0.23	0.20	0.19	0.18	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.66	0.00	0.30	0.27	0.26	0.26	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	-1.03	0.00	-0.69	-0.60	-0.73	-0.96	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.66	0.00	0.30	0.26	0.25	0.24	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	-0.03	0.00	0.99	0.87	0.83	0.86	1.11	1.46	1.75	2.12	2.56
Noncontrolling Interest Sharing Ratio	491.20%	0.00%	243.19%	231.72%	170.25%	178.59%	1.18%	0.52%	0.50%	0.51%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.73	1.87	1.98	2.11	2.21	2.20	2.09	2.16	2.18	2.36	2.45
Quick Ratio	0.93	0.97	0.96	1.09	1.14	1.27	1.20	1.26	1.25	1.30	1.30
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-358	0.00	0.00	-331	-305	-238	-41	-99	-128	-193	-232
Operating Cash Flow to CapEx	3,779.49%	2,651.55%	4,826.49%	4,181.52%	1,280.44%	1,608.77%	2,354.43%	722.37%	1,207.70%	2,605.79%	962.32%
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	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	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	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.03	0.00	1.27	1.28	1.17	1.09	1.04	1.03	1.05	1.06	0.98
Accounts Receivable Turnover	6.01	0.00	7.65	8.77	7.96	6.73	6.92	6.50	7.44	7.92	8.00
Inventory Turnover	8.40	0.00	9.93	11.92	9.53	8.23	9.49	10.43	11.25	9.89	10.17
Fixed Asset Turnover	279.30	0.00	303.18	129.95	102.61	98.36	85.00	57.64	51.08	54.29	51.31
Accounts Payable Turnover	4.09	0.00	5.05	5.30	4.42	4.59	3.74	4.23	4.69	5.19	4.29
Days Sales Outstanding (DSO)	60.70	0.00	47.73	41.60	45.86	54.21	52.74	56.19	49.06	46.10	45.61
Days Inventory Outstanding (DIO)	43.43	0.00	36.76	30.63	38.28	44.36	38.47	34.99	32.45	36.92	35.88
Days Payable Outstanding (DPO)	89.30	0.00	72.27	68.90	82.59	79.47	97.50	86.23	77.81	70.27	85.10
Cash Conversion Cycle (CCC)	14.83	0.00	12.22	3.34	1.56	19.10	-6.28	4.95	3.70	12.75	-3.61
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	448	528	662	812	867	877	862	1,064	1,140	1,198	1,239
Invested Capital Turnover	9.31	0.00	3.78	4.72	4.26	3.94	3.87	3.31	3.36	3.47	3.39
Increase / (Decrease) in Invested Capital	448	0.00	0.00	462	419	348	196	252	274	321	377
Enterprise Value (EV)	4,771	5,608	2,057	1,654	1,230	1,000	999	1,699	2,215	2,695	3,954
Market Capitalization	1,682	1,962	2,357	1,963	1,629	1,530	1,765	2,442	3,060	3,648	5,049
Book Value per Share	($42.61)	($50.20)	$7.04	$7.73	$8.71	$9.66	$11.18	$12.36	$13.42	$14.50	$15.72
Tangible Book Value per Share	($46.90)	($54.49)	$5.09	$5.14	$5.82	$6.79	$8.27	$8.84	$9.67	$10.68	$11.90
Total Capital	821	896	1,136	1,284	1,428	1,570	1,628	1,807	1,986	2,151	2,334
Total Debt	146	145	144	147	146	145	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	146	145	144	142	141	139	0.00	0.00	0.00	0.00	0.00
Net Debt	-227	-223	-330	-325	-416	-548	-766	-743	-845	-953	-1,095
Capital Expenditures (CapEx)	0.71	2.44	2.31	2.89	12	8.94	10	11	15	4.73	18
Debt-free, Cash-free Net Working Capital (DFCFNWC)	194	292	403	427	422	403	358	458	474	522	588
Debt-free Net Working Capital (DFNWC)	567	660	877	899	984	1,096	1,124	1,201	1,319	1,475	1,683
Net Working Capital (NWC)	567	660	877	894	978	1,090	1,124	1,201	1,319	1,475	1,683
Net Nonoperating Expense (NNE)	8.28	-14	-9.77	6.69	-3.18	-7.31	-2.67	-3.90	-1.11	-3.19	-5.71
Net Nonoperating Obligations (NNO)	-227	-223	-330	-325	-416	-548	-766	-743	-845	-953	-1,095
Total Depreciation and Amortization (D&A)	0.97	1.12	1.23	0.94	2.94	4.42	5.11	5.79	7.36	8.44	9.02
Debt-free, Cash-free Net Working Capital to Revenue	9.29%	0.00%	16.11%	15.59%	15.07%	14.54%	12.11%	14.74%	14.04%	14.49%	16.51%
Debt-free Net Working Capital to Revenue	27.18%	0.00%	35.07%	32.81%	35.12%	39.56%	38.00%	38.70%	39.10%	40.93%	47.27%
Net Working Capital to Revenue	27.18%	0.00%	35.07%	32.64%	34.91%	39.33%	38.00%	38.70%	39.10%	40.93%	47.27%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.64	$0.67	$2.22	$0.86	$0.80	$0.80	$1.09	$1.06	$0.99	$0.88	$1.03
Adjusted Weighted Average Basic Shares Outstanding	61.72M	62.11M	77.07M	142.10M	143.48M	143.66M	143.54M	147.63M	148.03M	148.41M	147.98M
Adjusted Diluted Earnings per Share	$0.55	$0.87	$1.52	$0.84	$0.79	$0.79	$1.05	$1.04	$0.97	$0.85	$0.98
Adjusted Weighted Average Diluted Shares Outstanding	147.14M	147.34M	147.28M	149.23M	149.08M	149.03M	149.28M	150.90M	152.02M	153.92M	152.71M
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	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	62.10M	136.54M	145.15M	145.35M	145.55M	145.62M	146.26M	147.96M	148.39M	148.48M	150.27M
Normalized Net Operating Profit after Tax (NOPAT)	90	114	213	131	114	110	155	153	146	128	145
Normalized NOPAT Margin	15.64%	16.03%	28.98%	18.26%	17.95%	16.20%	16.78%	17.74%	16.10%	14.08%	16.46%
Pre Tax Income Margin	14.90%	23.48%	38.43%	21.11%	21.59%	23.58%	21.49%	22.10%	20.18%	19.85%	18.13%
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	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	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	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	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	72.24%	0.00%	13.48%	12.95%	12.30%	1.48%	1.18%	0.69%	0.52%	0.51%	0.51%
Augmented Payout Ratio	72.24%	0.00%	124.72%	12.95%	12.30%	1.48%	1.18%	0.69%	0.52%	0.51%	0.58%

Financials Breakdown Chart

Key Financial Trends

Nextpower (NASDAQ: NXT) has shown strong revenue growth and solid profitability over the last several years, but the latest quarter also highlights a few balance sheet and cash flow items investors should watch closely.

On the income statement, revenue has climbed meaningfully from about $403 million in Q1 2023 to $881 million in Q4 2026. That is a strong multi-year growth trend and suggests the company continues to expand demand for its products. Profitability has also improved substantially, with quarterly net income rising from roughly $24 million in Q1 2023 to $151 million in Q4 2026.

Margins have generally remained healthy, though they fluctuate quarter to quarter. In the latest quarter, gross profit was $297 million on $881 million of revenue, while operating income reached $154 million. That indicates the business is still generating strong operating leverage even though revenue declined slightly from the prior quarter.

Cash generation remains a major strength. In Q4 2026, NXT produced $171 million in operating cash flow and ended the quarter with a $142 million increase in cash and equivalents. Over the last few quarters, operating cash flow has been positive and sizable, which supports ongoing investment and financial flexibility.

The balance sheet is more mixed. Cash and equivalents increased to $953 million in Q3 2026, which is a strong liquidity position. However, liabilities also remain elevated, and working capital has been large. The company’s equity base has improved from prior periods, but the balance sheet still carries a sizable amount of obligations, including deferred tax liabilities and other noncurrent liabilities.

One item worth noting is that the company has made acquisitions in several recent quarters, which may help support growth but also adds execution risk. Share counts have also trended higher over time, which can dilute per-share earnings if it continues.

Revenue has grown sharply over the last four years, rising from about $403 million in Q1 2023 to $881 million in Q4 2026.
Net income has expanded significantly, reaching $151 million in the latest quarter versus just $24 million in Q1 2023.
Operating income remains strong, at $154 million in Q4 2026, showing solid operating leverage.
Operating cash flow is consistently positive, including $171 million in Q4 2026 and $81 million in Q1 2026.
Liquidity is substantial, with cash and equivalents at $953 million in Q3 2026.
Gross profit remains healthy, indicating the company can still convert revenue into meaningful profit after production costs.
The company has used acquisitions as part of its growth strategy, which could support expansion but also introduces integration risk.
Share counts have moved higher over time, which may limit per-share earnings growth if dilution continues.
Current liabilities remain high, including a large accounts payable balance and other near-term obligations.
Revenue and earnings were slightly lower in the latest quarter than the prior quarter, suggesting some near-term volatility.

Bottom line: Nextracker looks fundamentally strong from a growth and profitability standpoint, and it continues to generate meaningful cash. The main investor concerns are leverage to working capital, acquisition-related execution risk, and the possibility of share dilution. Overall, the trend is constructive, but the balance sheet deserves monitoring.

06/09/26 10:17 AM ETAI Generated. May Contain Errors.

Nextpower Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Nextpower's fiscal year ends in March. Their fiscal year 2026 ended on March 31, 2026.

Nextpower's net income appears to be on an upward trend, with a most recent value of $585.88 million in 2026, rising from $124.35 million in 2021. The previous period was $517.25 million in 2025. See where experts think Nextpower is headed by visiting Nextpower's forecast page.

Nextpower's total operating income in 2026 was $697.27 million, based on the following breakdown:

Total Gross Profit: $1.16 billion
Total Operating Expenses: $462.83 million

Over the last 5 years, Nextpower's total revenue changed from $1.20 billion in 2021 to $3.56 billion in 2026, a change of 197.7%.

Nextpower's total liabilities were at $1.74 billion at the end of 2026, a 11.1% increase from 2025, and a 236.9% increase since 2021.

In the past 5 years, Nextpower's cash and equivalents has ranged from $29.07 million in 2021 to $1.09 billion in 2026, and is currently $1.09 billion as of their latest financial filing in 2026.

Over the last 5 years, Nextpower's book value per share changed from -0.11 in 2021 to 15.72 in 2026, a change of -13,879.5%.

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Financial statements for NASDAQ:NXT last updated on 5/22/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Nextpower (NXT) Financials

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Nextpower (NXT) Financials

Annual Income Statements for Nextpower

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Quarterly Cash Flow Statements for Nextpower

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Quarterly Balance Sheets for Nextpower

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Quarterly Metrics And Ratios for Nextpower

Financials Breakdown Chart

Key Financial Trends

Nextpower Financials - Frequently Asked Questions

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How has Nextpower's net income changed over the last 5 years?

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How has Nextpower's revenue changed over the last 5 years?

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