See more : BAIC Motor Corporation Limited (2B5.VI) Income Statement Analysis – Financial Results
Complete financial analysis of Nextracker Inc. (NXT) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Nextracker Inc., a leading company in the Solar industry within the Energy sector.
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Nextracker Inc. (NXT)
About Nextracker Inc.
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.
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Revenue | 2.50B | 1.90B | 1.46B | 1.20B | 1.17B | 660.74M |
| Cost of Revenue | 1.69B | 1.62B | 1.31B | 963.64M | 958.38M | 611.71M |
| Gross Profit | 813.05M | 286.97M | 147.03M | 231.98M | 212.91M | 49.03M |
| Gross Profit Ratio | 32.52% | 15.09% | 10.09% | 19.40% | 18.18% | 7.42% |
| Research & Development | 42.36M | 21.62M | 14.18M | 13.01M | 8.64M | 8.56M |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.80M |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 35.51M |
| SG&A | 183.57M | 96.87M | 66.95M | 60.44M | 55.36M | 39.31M |
| Other Expenses | 0.00 | 2.43M | -765.00K | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 225.93M | 118.49M | 81.12M | 73.45M | 64.00M | 47.87M |
| Cost & Expenses | 1.91B | 1.73B | 1.39B | 1.04B | 1.02B | 659.57M |
| Interest Income | 0.00 | 1.83M | 34.00K | 20.00K | 24.00K | 227.00K |
| Interest Expense | 13.82M | 1.83M | 799.00K | 502.00K | 0.00 | 0.00 |
| Depreciation & Amortization | 4.36M | 4.63M | 11.20M | 16.81M | 17.70M | 18.50M |
| EBITDA | 591.48M | 174.55M | 76.31M | 175.34M | 166.85M | 19.67M |
| EBITDA Ratio | 23.66% | 9.10% | 5.29% | 14.67% | 14.25% | 2.98% |
| Operating Income | 587.12M | 168.49M | 65.91M | 158.53M | 148.91M | 1.17M |
| Operating Income Ratio | 23.49% | 8.86% | 4.52% | 13.26% | 12.71% | 0.18% |
| Total Other Income/Expenses | 20.88M | 598.00K | -799.00K | -502.00K | 24.00K | -407.00K |
| Income Before Tax | 608.00M | 169.08M | 65.11M | 158.03M | 148.93M | 760.00K |
| Income Before Tax Ratio | 24.32% | 8.89% | 4.47% | 13.22% | 12.71% | 0.12% |
| Income Tax Expense | 111.78M | 47.75M | 14.20M | 33.68M | 30.67M | 2.35M |
| Net Income | 306.24M | 1.14M | 50.91M | 124.35M | 118.26M | -1.59M |
| Net Income Ratio | 12.25% | 0.06% | 3.49% | 10.40% | 10.10% | -0.24% |
| EPS | 3.97 | 0.02 | 1.11 | 3.23 | 3.07 | -0.04 |
| EPS Diluted | 2.08 | 0.01 | 1.11 | 3.23 | 3.07 | -0.04 |
| Weighted Avg Shares Out | 77.07M | 45.89M | 45.87M | 38.54M | 38.54M | 38.54M |
| Weighted Avg Shares Out (Dil) | 147.28M | 145.85M | 45.87M | 38.54M | 38.54M | 38.54M |
Wall Street Analysts Think Nextracker (NXT) Could Surge 36.15%: Read This Before Placing a Bet
The mean of analysts' price targets for Nextracker (NXT) points to a 36.2% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in...
Bet on 5 Top-Ranked Stocks With Rising P/E
Tap five stocks with increasing P/E ratios to try an an out-of-the-box approach. These stocks include American Eagle Outfitters (AEO), Groupon (GRPN), Nextracker Inc. (NXT), ESS Tech (GWH) and Virgin Galactic (SPCE).
Nextracker Inc. (NXT) Is a Trending Stock: Facts to Know Before Betting on It
Nextracker (NXT) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Is It Worth Investing in Nextracker (NXT) Based on Wall Street's Bullish Views?
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do...
NXT Announces US$0.5 Million Convertible Debenture
CALGARY, AB / ACCESSWIRE / November 1, 2024 / NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX:SFD)(OTCQB:NSFDF) is pleased to announce it has received the first tranche of a planned US$900,000 (approximately CDN$1,252,080) convertible debenture (the "Debentures") from Ataraxia...
Nextracker Inc. (NXT) Q2 2025 Earnings Call Transcript
Nextracker Inc. (NASDAQ:NXT ) Q2 2025 Results Conference Call October 30, 2024 5:00 PM ET Company Participants Mary Lai - Vice President, Investor Relations Dan Shugar - Founder & Chief Executive Officer Howard Wenger - President Chuck Boynton - Chief...
Nextracker (NXT) Q2 Earnings and Revenues Top Estimates
Nextracker (NXT) came out with quarterly earnings of $0.97 per share, beating the Zacks Consensus Estimate of $0.64 per share. This compares to earnings of $0.65 per share a year ago.
Nextracker Releases Inaugural Sustainability Report
FREMONT, Calif.--(BUSINESS WIRE)--Nextracker (Nasdaq: NXT) today released its inaugural Sustainability Report for 2024. This report outlines Nextracker's progress in building a comprehensive ESG program and strategy. The report also reflects the Company's commitment to sustainability, highlighting key milestones such as...
Nextracker (NXT) Stock Sinks As Market Gains: Here's Why
The latest trading day saw Nextracker (NXT) settling at $31.29, representing a -0.41% change from its previous close.
Nextracker: Market Leadership And Growth Prospects Make It A Buy
Nextracker is a top long-term solar investment, expected to generate a 25% return over the next 12 months due to renewable energy expansion. As a leader in intelligent solar tracker solutions, Nextracker's robust product offerings and international projects highlight its...
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