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MMM vs. NXT: 3M vs. Nextracker Stock Comparison

How do 3M (MMM) and Nextracker (NXT) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

3M (MMM) and Nextracker (NXT) both fall under the Capital Goods industry group, but MMM is classified in Industrial Conglomerates while NXT is classified in Electrical Equipment.

3M (MMM) has more than two decades of public-market history since January 2, 1962, whereas Nextracker (NXT) listed on February 9, 2023 and has a much shorter record to draw on.

Company profile comparison for 3M (MMM) and Nextracker (NXT)
Profile ItemMMMNXT
Name3M CompanyNextpower Inc. Class A Common Stock
Country/RegionUnited StatesUnited States
GICS SectorIndustrialsIndustrials
GICS Industry GroupCapital GoodsCapital Goods
GICS IndustryIndustrial ConglomeratesElectrical Equipment
GICS Sub-IndustryIndustrial ConglomeratesElectrical Components & Equipment
Market Capitalization95.67 billion USD16.00 billion USD
CurrencyUSDUSD
ExchangeNYSENasdaq
Listing DateJanuary 2, 1962February 9, 2023
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

MMM
NXT
GSPC
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3M (MMM) vs. Nextracker (NXT), with S&P 500 (GSPC) for reference: 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 3M (MMM) and Nextracker (NXT). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for 3M (MMM) and Nextracker (NXT). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for 3M (MMM) and Nextracker (NXT)
MetricMMMNXT
Total Return (1Y)16.26%0.06%
Total Return (3Y, Annualized)38.64%45.51%
Total Return (5Y, Annualized)8.14%--

Risk Profile

Drawdown History

MMM
NXT
GSPC
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3M (MMM) vs. Nextracker (NXT), with S&P 500 (GSPC) for reference: 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 3M (MMM) and Nextracker (NXT). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for 3M (MMM) and Nextracker (NXT)
MetricMMMNXT
Volatility (1Y, Annualized)27.61%68.10%
Beta (5Y)0.971.66
Max Drawdown (5Y)-48.86%-51.10%
Avg. Volume (3M)3.14M2.38M

Risk-Adjusted Performance

Risk-Return Positioning

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MMM and NXT are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for 3M (MMM) and Nextracker (NXT)
MetricMMMNXT
Sharpe Ratio (1Y)0.43-0.06
Sortino Ratio (1Y)0.70-0.09

Profitability

ROE (TTM)

Both companies show strong equity returns, but 3M (MMM) at 72.97% is the standout with ROE above its industry range; Nextracker (NXT) at 26.46% also sits in the top quartile.

MMM

Capital Goods industry group

72.97%

MMM
72.97%
Max
40.55%
Q3
19.29%
Median
12.12%
Q1
4.08%
Min
-17.12%

NXT

Capital Goods industry group

26.46%

Max
40.55%
NXT
26.46%
Q3
19.29%
Median
12.12%
Q1
4.08%
Min
-17.12%
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3M (MMM) vs. Nextracker (NXT): A comparison of their ROE against the Capital Goods industry group benchmark.

Net Margin (TTM)

For every dollar of sales, both 3M (MMM) at 14.01% and Nextracker (NXT) at 15.98% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

MMM

Capital Goods industry group

14.01%

Max
27.47%
MMM
14.01%
Q3
12.10%
Median
6.30%
Q1
1.40%
Min
-12.89%

NXT

Capital Goods industry group

15.98%

Max
27.47%
NXT
15.98%
Q3
12.10%
Median
6.30%
Q1
1.40%
Min
-12.89%
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3M (MMM) vs. Nextracker (NXT): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Both 3M (MMM) at 23.69% and Nextracker (NXT) at 20.06% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

MMM

Capital Goods industry group

23.69%

Max
36.60%
MMM
23.69%
Q3
18.33%
Median
11.12%
Q1
5.14%
Min
-12.63%

NXT

Capital Goods industry group

20.06%

Max
36.60%
NXT
20.06%
Q3
18.33%
Median
11.12%
Q1
5.14%
Min
-12.63%
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3M (MMM) vs. Nextracker (NXT): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for 3M (MMM) and Nextracker (NXT)
MetricMMMNXT
ROE (TTM)72.97%26.46%
ROA (TTM)8.22%10.75%
Net Margin (TTM)14.01%15.98%
Operating Margin (TTM)23.69%20.06%
Gross Margin (TTM)39.53%21.84%

Growth

Revenue Growth

Nextracker (NXT) at 20.28% sits in the top revenue growth quartile, while 3M (MMM) at 1.52% is in the bottom quartile, showing a clear gap in revenue momentum.

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3M (MMM) vs. Nextracker (NXT): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both 3M (MMM) at -20.53% and Nextracker (NXT) at 10.66% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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3M (MMM) vs. Nextracker (NXT): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for 3M (MMM) and Nextracker (NXT)
MetricMMMNXT
Revenue Growth (YoY)1.52%20.28%
Revenue Growth (3Y CAGR)-1.57%23.23%
EPS Growth (YoY)-20.53%10.66%
EPS Growth (3Y CAGR)-16.16%476.90%

Financial Strength

Current Ratio (MRQ)

Nextracker (NXT) at 2.23 keeps current ratio within its industry’s typical mid-range, while 3M (MMM) at 1.41 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for MMM.

MMM

Capital Goods industry group

1.41

Max
5.22
Q3
2.95
Median
2.08
Q1
1.43
MMM
1.41
Min
0.36

NXT

Capital Goods industry group

2.23

Max
5.22
Q3
2.95
NXT
2.23
Median
2.08
Q1
1.43
Min
0.36
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3M (MMM) vs. Nextracker (NXT): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Nextracker (NXT) at 0.02 keeps leverage in the lower quartile, while 3M (MMM) at 3.04 is above its industry debt-to-equity ratio range.

MMM

Capital Goods industry group

3.04

MMM
3.04
Max
2.33
Q3
1.12
Median
0.60
Q1
0.29
Min
0.00

NXT

Capital Goods industry group

0.02

Max
2.33
Q3
1.12
Median
0.60
Q1
0.29
NXT
0.02
Min
0.00
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3M (MMM) vs. Nextracker (NXT): A comparison of their debt-to-equity ratio against the Capital Goods industry group benchmark.

Financial Strength Metrics

Financial strength metrics for 3M (MMM) and Nextracker (NXT)
MetricMMMNXT
Current Ratio (MRQ)1.412.23
Debt / Equity (MRQ)3.040.02
Net Debt / EBITDA1.26-1.30

Dividends

Dividend Yield (TTM)

Nextracker (NXT) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile 3M (MMM) reports a yield of 1.64%, ranking against industry peers normally.

MMM

Capital Goods industry group

1.64%

Max
2.66%
MMM
1.64%
Q3
1.14%
Median
0.24%
Q1
0.00%
Min
0.00%

NXT

Capital Goods industry group

0.00%

Max
2.66%
Q3
1.14%
Median
0.24%
NXT
0.00%
Q1
0.00%
Min
0.00%
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3M (MMM) vs. Nextracker (NXT): A comparison of their dividend yield against the Capital Goods industry group benchmark.

Dividend Payout Ratio (TTM)

Nextracker (NXT) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile 3M (MMM) reports a payout of 45.82%, ranking against industry peers normally.

MMM

Capital Goods industry group

45.82%

Max
67.39%
MMM
45.82%
Q3
28.02%
Median
6.86%
Q1
0.00%
Min
0.00%

NXT

Capital Goods industry group

0.00%

Max
67.39%
Q3
28.02%
Median
6.86%
NXT
0.00%
Q1
0.00%
Min
0.00%
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3M (MMM) vs. Nextracker (NXT): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for 3M (MMM) and Nextracker (NXT)
MetricMMMNXT
Dividend Yield (TTM)1.64%0.00%
Dividend Payout Ratio (TTM)45.82%0.00%

Valuation

P/E Ratio (TTM)

Both 3M (MMM) at 27.63 and Nextracker (NXT) at 26.42 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

MMM

Capital Goods industry group

27.63

Max
59.38
Q3
35.92
MMM
27.63
Median
25.41
Q1
19.47
Min
3.03

NXT

Capital Goods industry group

26.42

Max
59.38
Q3
35.92
NXT
26.42
Median
25.41
Q1
19.47
Min
3.03
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3M (MMM) vs. Nextracker (NXT): A comparison of their P/E ratio against the Capital Goods industry group benchmark.

P/S Ratio (TTM)

Both 3M (MMM) at 3.79 and Nextracker (NXT) at 4.17 command a richer price per dollar of sales than most peers, sitting in the upper P/S ratio quartile of their industries.

MMM

Capital Goods industry group

3.79

Max
7.54
MMM
3.79
Q3
3.76
Median
2.15
Q1
1.03
Min
0.03

NXT

Capital Goods industry group

4.17

Max
7.54
NXT
4.17
Q3
3.76
Median
2.15
Q1
1.03
Min
0.03
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3M (MMM) vs. Nextracker (NXT): A comparison of their P/S ratio against the Capital Goods industry group benchmark.

P/B Ratio (MRQ)

Both look rich against book: Nextracker (NXT) at 5.98 sits in the upper P/B ratio quartile, and 3M (MMM) at 23.18 prices even higher, above its industry range.

MMM

Capital Goods industry group

23.18

MMM
23.18
Max
9.66
Q3
5.00
Median
3.12
Q1
1.81
Min
-1.08

NXT

Capital Goods industry group

5.98

Max
9.66
NXT
5.98
Q3
5.00
Median
3.12
Q1
1.81
Min
-1.08
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3M (MMM) vs. Nextracker (NXT): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for 3M (MMM) and Nextracker (NXT)
MetricMMMNXT
P/E Ratio (TTM)27.6326.42
P/S Ratio (TTM)3.794.17
P/B Ratio (MRQ)23.185.98
Free Cash Flow Yield (TTM)6.66%2.32%