Nextracker (NXT) Stock Analysis

November 11, 2026

This is a peer-relative look at Nextracker (NXT): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Capital Goods peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Nextracker (NXT)
Profile Item	NXT
Name	Nextpower Inc. Class A Common Stock
Country/Region	United States
GICS Sector	Industrials
GICS Industry Group	Capital Goods
GICS Industry	Electrical Equipment
GICS Sub-Industry	Electrical Components & Equipment
Market Capitalization	16.00 billion USD
Currency	USD
Exchange	Nasdaq
Listing Date	February 9, 2023
Security Type	Common Stock

Price Performance

Cumulative Growth

NXT

GSPC

Nextracker (NXT) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Nextracker (NXT) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Nextracker (NXT) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Nextracker (NXT) metric values compared with Capital Goods industry-group medians
Metric	Current stock: NXT	Industry group median
Total Return (1Y)	0.06%	6.84%
Total Return (3Y, Annualized)	45.51%	17.66%
Total Return (5Y, Annualized)	--	9.09%

Risk Profile

Drawdown History

NXT

GSPC

Nextracker (NXT) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Nextracker (NXT) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Nextracker (NXT) metric values compared with Capital Goods industry-group medians
Metric	Current stock: NXT	Industry group median
Volatility (1Y, Annualized)	68.10%	44.38%
Beta (5Y)	1.66	1.19
Max Drawdown (5Y)	-51.10%	-49.95%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. NXT is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Nextracker (NXT) metric values compared with Capital Goods industry-group medians
Metric	Current stock: NXT	Industry group median
Sharpe Ratio (1Y)	-0.06	0.06
Sortino Ratio (1Y)	-0.09	0.09

Profitability

ROE (TTM)

Nextracker (NXT) posts ROE of 26.46%, in the upper peer quartile. That suggests the company earns more from each dollar of shareholders’ equity than most industry peers, a useful capital-efficiency signal.

NXT

Capital Goods industry group

26.46%

Group distribution

Max: 40.55%
NXT: 26.46%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

Largest peers

GEV: 93.04%
CAT: 56.14%
GE: 50.17%
NXT: 26.46%
DE: 18.24%
RTX: 12.85%
BA: --

Where Nextracker (NXT) stands on ROE within its Capital Goods peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Nextracker (NXT) keeps 15.98% of revenue as net profit, putting net margin in the upper peer quartile. After operating costs, interest, and taxes, more of each sales dollar reaches shareholders than it does at most industry peers.

NXT

Capital Goods industry group

15.98%

Group distribution

Max: 27.47%
NXT: 15.98%
Q3: 12.10%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

Largest peers

GEV: 23.54%
GE: 17.31%
NXT: 15.98%
CAT: 15.21%
DE: 10.17%
RTX: 8.75%
BA: 8.07%

Where Nextracker (NXT) stands on net margin within its Capital Goods peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Nextracker (NXT) turns 20.06% of revenue into operating profit, putting operating margin in the upper peer quartile. Before financing and taxes enter the picture, the day-to-day business keeps more of each sales dollar than most industry peers.

NXT

Capital Goods industry group

20.06%

Group distribution

Max: 36.60%
NXT: 20.06%
Q3: 18.33%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

Largest peers

CAT: 20.19%
NXT: 20.06%
GE: 18.49%
RTX: 15.54%
DE: 13.37%
GEV: 12.77%
BA: 0.30%

Where Nextracker (NXT) stands on operating margin within its Capital Goods peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Nextracker (NXT) metric values compared with Capital Goods industry-group medians
Metric	Current stock: NXT	Industry group median
ROE (TTM)	26.46%	12.12%
ROA (TTM)	10.75%	5.29%
Net Margin (TTM)	15.98%	6.30%
Operating Margin (TTM)	20.06%	11.12%
Gross Margin (TTM)	21.84%	29.63%

Growth

Revenue Growth

Nextracker (NXT) grew revenue 20.28%, in the upper peer quartile. The top line is expanding faster than at most industry peers, which points to share gains or stronger pricing.

Nextracker (NXT): Revenue Growth across different time periods, set against Capital Goods industry-group medians.

EPS Growth

Nextracker (NXT) grew earnings per share 10.66%, roughly around the peer group's normal range. Bottom-line momentum looks broadly typical for the industry.

Nextracker (NXT): EPS Growth across different time periods, set against Capital Goods industry-group medians.

Growth Metrics

Nextracker (NXT) metric values compared with Capital Goods industry-group medians
Metric	Current stock: NXT	Industry group median
Revenue Growth (YoY)	20.28%	8.11%
Revenue Growth (3Y CAGR)	23.23%	6.45%
EPS Growth (YoY)	10.66%	5.45%
EPS Growth (3Y CAGR)	476.90%	7.15%

Financial Strength

Current Ratio (MRQ)

Nextracker (NXT) has current ratio of 2.23, in the healthier middle range for its industry. The short-term asset cushion looks balanced relative to peers rather than stretched thin.

NXT

Capital Goods industry group

2.23

Group distribution

Max: 5.22
Q3: 2.95
NXT: 2.23
Median: 2.08
Q1: 1.43
Min: 0.36

Largest peers

NXT: 2.23
DE: 2.13
CAT: 1.42
BA: 1.13
RTX: 1.05
GE: 0.98
GEV: 0.83

Where Nextracker (NXT) stands on current ratio within its Capital Goods peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

Nextracker (NXT) has debt-to-equity ratio of 0.02, in the lower-leverage quartile for its industry. Borrowing is modest relative to equity compared with most peers, which can leave more flexibility through a cycle.

NXT

Capital Goods industry group

0.02

Group distribution

Max: 2.33
Q3: 1.12
Median: 0.60
Q1: 0.29
NXT: 0.02
Min: 0.00

Largest peers

BA: 7.39
DE: 2.30
CAT: 2.10
GE: 1.16
RTX: 0.55
GEV: 0.30
NXT: 0.02

Where Nextracker (NXT) stands on debt-to-equity ratio within its Capital Goods peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

Nextracker (NXT) metric values compared with Capital Goods industry-group medians
Metric	Current stock: NXT	Industry group median
Current Ratio (MRQ)	2.23	2.08
Debt / Equity (MRQ)	0.02	0.60
Net Debt / EBITDA	-1.30	1.78

Dividends

Dividend Yield (TTM)

Nextracker (NXT) pays no dividend, leaving dividend yield at 0.00% this period. Shareholders may still receive value through reinvestment or buybacks, but there is no dividend income to compare here.

NXT

Capital Goods industry group

0.00%

Group distribution

Max: 2.66%
Q3: 1.14%
Median: 0.24%
NXT: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

RTX: 1.47%
CAT: 1.13%
DE: 0.98%
GE: 0.56%
GEV: 0.26%
NXT: 0.00%
BA: 0.00%

Where Nextracker (NXT) stands on dividend yield within its Capital Goods peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Nextracker (NXT) paid no earnings out as dividends this period, leaving payout ratio at 0.00%. There is no dividend payout to size against earnings.

NXT

Capital Goods industry group

0.00%

Group distribution

Max: 67.39%
Q3: 28.02%
Median: 6.86%
NXT: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

RTX: 45.85%
DE: 36.02%
CAT: 24.18%
GE: 20.23%
GEV: 4.59%
NXT: 0.00%
BA: 0.00%

Where Nextracker (NXT) stands on payout ratio within its Capital Goods peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Nextracker (NXT) metric values compared with Capital Goods industry-group medians
Metric	Current stock: NXT	Industry group median
Dividend Yield (TTM)	0.00%	0.24%
Dividend Payout Ratio (TTM)	0.00%	6.86%

Valuation

P/E Ratio (TTM)

Nextracker (NXT) trades at P/E ratio of 26.42, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

NXT

Capital Goods industry group

26.42

Group distribution

Max: 59.38
Q3: 35.92
NXT: 26.42
Median: 25.41
Q1: 19.47
Min: 3.03

Largest peers

DE: 37.33
GE: 36.94
RTX: 30.82
NXT: 26.42
CAT: 21.92
GEV: 20.32
BA: 17.89

Where Nextracker (NXT) stands on P/E ratio within its Capital Goods peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Nextracker (NXT) trades at 4.17 on P/S ratio, in the higher sales-valuation quartile. Investors are paying up for each dollar of revenue, so stronger margins, growth, or revenue quality need to carry that price.

NXT

Capital Goods industry group

4.17

Group distribution

Max: 7.54
NXT: 4.17
Q3: 3.76
Median: 2.15
Q1: 1.03
Min: 0.03

Largest peers

GE: 6.38
GEV: 4.65
NXT: 4.17
DE: 3.78
CAT: 3.29
RTX: 2.66
BA: 1.45

Where Nextracker (NXT) stands on P/S ratio within its Capital Goods peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Nextracker (NXT) trades at 5.98 on P/B ratio, in the higher book-value quartile. The market is paying a premium to book, so stronger ROE, cleaner assets, or a better growth profile need to justify it.

NXT

Capital Goods industry group

5.98

Group distribution

Max: 9.66
NXT: 5.98
Q3: 5.00
Median: 3.12
Q1: 1.81
Min: -1.08

Largest peers

BA: 20.99
GE: 19.06
GEV: 18.00
CAT: 11.90
DE: 6.47
NXT: 5.98
RTX: 3.69

Where Nextracker (NXT) stands on P/B ratio within its Capital Goods peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Nextracker (NXT) metric values compared with Capital Goods industry-group medians
Metric	Current stock: NXT	Industry group median
P/E Ratio (TTM)	26.42	25.41
P/S Ratio (TTM)	4.17	2.15
P/B Ratio (MRQ)	5.98	3.12
Free Cash Flow Yield (TTM)	2.32%	3.03%