XNAS
NXT
Market cap8.52bUSD
May 16, Last price
59.31USD
1D
-3.70%
1Q
25.39%
IPO
91.26%
Name
Nextracker Inc
Chart & Performance
P/E
27.83
P/S
3.41
EPS
2.13
Div Yield, %
—
Shrs. gr., 5y
30.76%
Rev. gr., 5y
30.49%
Revenues
2.50b
+31.42%
Net income
306m
+26,692.74%
CFO
429m
+298.42%
Earnings
Jul 30, 2025
Profile
Nextracker Inc., an energy solutions company, provides solar tracker solutions for PV projects. The company offers solar trackers, such as Bifacial PV modules for large-scale solar; NX Horizon for solar power plants; NX Gemini two-in-portrait solar tracker that optimizes lifetime value and performance of power plants for project developers and asset owners; and NX Horizon XTR, an all-terrain solar tracker. It also provides TrueCapture, an intelligent and self-adjusting tracker control system for PV power plants; and NX Navigator, an operational control and risk mitigation software. The company was incorporated in 2013 and is based in Fremont, California. Nextracker Inc. operates as a subsidiary of Flex Ltd.
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY |
|---|---|---|---|---|---|---|
| 2024‑03 | 2023‑03 | 2022‑03 | 2021‑03 | 2020‑03 | 2019‑03 | |
| Income | ||||||
Revenues | 2,499,841 31.42% | 1,902,137 30.50% | ||||
Cost of revenue | 1,729,152 | 1,636,783 | ||||
Unusual Expense (Income) | ||||||
NOPBT | 770,689 | 265,354 | ||||
NOPBT Margin | 30.83% | 13.95% | ||||
Operating Taxes | 111,782 | 47,750 | ||||
Tax Rate | 14.50% | 17.99% | ||||
NOPAT | 658,907 | 217,604 | ||||
Net income | 306,241 26,692.74% | 1,143 -97.75% | ||||
Dividends | ||||||
Dividend yield | ||||||
Proceeds from repurchase of equity | 76 | |||||
BB yield | 0.00% | |||||
| Debt | ||||||
Debt current | 1,900 | |||||
Long-term debt | 161,424 | 150,147 | ||||
Deferred revenue | 35,800 | |||||
Other long-term liabilities | 491,301 | 242,946 | ||||
Net debt | (312,630) | (7,261) | ||||
| Cash flow | ||||||
Cash from operating activities | 428,973 | 107,669 | ||||
CAPEX | (6,160) | (3,183) | ||||
Cash from investing activities | (6,660) | (3,159) | ||||
Cash from financing activities | (78,267) | (3,572) | ||||
FCF | 490,962 | 248,852 | ||||
| Balance | ||||||
Cash | 474,054 | 159,308 | ||||
Long term investments | ||||||
Excess cash | 349,062 | 64,201 | ||||
Stockholders' equity | (3,035,532) | 484,861 | ||||
Invested Capital | 4,662,828 | 607,853 | ||||
ROIC | 25.00% | 35.67% | ||||
ROCE | 47.36% | 29.03% | ||||
| EV | ||||||
Common stock shares outstanding | 147,284 | 145,852 | ||||
Price | 56.27 55.18% | 36.26 | ||||
Market cap | 8,287,689 56.71% | 5,288,580 | ||||
EV | 8,006,074 | 8,841,947 | ||||
EBITDA | 775,052 | 269,980 | ||||
EV/EBITDA | 10.33 | 32.75 | ||||
Interest | 13,820 | 1,833 | ||||
Interest/NOPBT | 1.79% | 0.69% | ||||