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Nextracker (NXT) Financials

Nextracker logo
$40.73 +1.50 (+3.82%)
As of 04/14/2025 04:00 PM Eastern
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Annual Income Statements for Nextracker

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
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

Quarterly Income Statements for Nextracker

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
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

Annual Cash Flow Statements for Nextracker

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
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

Quarterly Cash Flow Statements for Nextracker

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
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

Annual Balance Sheets for Nextracker

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
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

Quarterly Balance Sheets for Nextracker

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
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

Annual Metrics and Ratios for Nextracker

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

Metric 2021 2022 2023 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%

Quarterly Metrics and Ratios for Nextracker

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
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 fiscal year end?

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

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 4/15/2025 by MarketBeat.com Staff
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