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NXT vs. WTS: Nextracker vs. Watts Water Stock Comparison

How do Nextracker (NXT) and Watts Water (WTS) 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

Nextracker (NXT) and Watts Water (WTS) both fall under the Capital Goods industry group, but NXT is classified in Electrical Equipment while WTS is classified in Machinery.

Watts Water (WTS) has more than two decades of public-market history since August 21, 1986, whereas Nextracker (NXT) listed on February 9, 2023 and has a much shorter record to draw on.

Company profile comparison for Nextracker (NXT) and Watts Water (WTS)
Profile ItemNXTWTS
NameNextpower Inc. Class A Common StockWatts Water Technologies, Inc. Class A Common Stock
Country/RegionUnited StatesUnited States
GICS SectorIndustrialsIndustrials
GICS Industry GroupCapital GoodsCapital Goods
GICS IndustryElectrical EquipmentMachinery
GICS Sub-IndustryElectrical Components & EquipmentIndustrial Machinery & Supplies & Components
Market Capitalization16.00 billion USD11.55 billion USD
CurrencyUSDUSD
ExchangeNasdaqNYSE
Listing DateFebruary 9, 2023August 21, 1986
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

NXT
WTS
GSPC
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Nextracker (NXT) vs. Watts Water (WTS), 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 Nextracker (NXT) and Watts Water (WTS). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Nextracker (NXT) and Watts Water (WTS). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Nextracker (NXT) and Watts Water (WTS)
MetricNXTWTS
Total Return (1Y)0.06%33.85%
Total Return (3Y, Annualized)45.51%25.59%
Total Return (5Y, Annualized)--12.56%

Risk Profile

Drawdown History

NXT
WTS
GSPC
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Nextracker (NXT) vs. Watts Water (WTS), 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 Nextracker (NXT) and Watts Water (WTS). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Nextracker (NXT) and Watts Water (WTS)
MetricNXTWTS
Volatility (1Y, Annualized)68.10%27.38%
Beta (5Y)1.661.11
Max Drawdown (5Y)-51.10%-44.08%
Avg. Volume (3M)2.38M225.08K

Risk-Adjusted Performance

Risk-Return Positioning

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NXT and WTS 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 Nextracker (NXT) and Watts Water (WTS)
MetricNXTWTS
Sharpe Ratio (1Y)-0.061.08
Sortino Ratio (1Y)-0.091.78

Profitability

ROE (TTM)

Both Nextracker (NXT) at 26.46% and Watts Water (WTS) at 20.91% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.

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%

WTS

Capital Goods industry group

20.91%

Max
40.55%
WTS
20.91%
Q3
19.29%
Median
12.12%
Q1
4.08%
Min
-17.12%
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Nextracker (NXT) vs. Watts Water (WTS): A comparison of their ROE against the Capital Goods industry group benchmark.

Net Margin (TTM)

For every dollar of sales, both Nextracker (NXT) at 15.98% and Watts Water (WTS) at 16.00% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

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%

WTS

Capital Goods industry group

16.00%

Max
27.47%
WTS
16.00%
Q3
12.10%
Median
6.30%
Q1
1.40%
Min
-12.89%
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Nextracker (NXT) vs. Watts Water (WTS): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Both Nextracker (NXT) at 20.06% and Watts Water (WTS) at 20.85% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

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%

WTS

Capital Goods industry group

20.85%

Max
36.60%
WTS
20.85%
Q3
18.33%
Median
11.12%
Q1
5.14%
Min
-12.63%
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Nextracker (NXT) vs. Watts Water (WTS): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for Nextracker (NXT) and Watts Water (WTS)
MetricNXTWTS
ROE (TTM)26.46%20.91%
ROA (TTM)10.75%12.05%
Net Margin (TTM)15.98%16.00%
Operating Margin (TTM)20.06%20.85%
Gross Margin (TTM)21.84%49.09%

Growth

Revenue Growth

Nextracker (NXT) at 20.28% sits in the top revenue growth quartile, while Watts Water (WTS) at 8.27% is closer to the peer norm — faster top-line expansion for NXT.

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Nextracker (NXT) vs. Watts Water (WTS): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Nextracker (NXT) at 10.66% and Watts Water (WTS) at 17.03% 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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Nextracker (NXT) vs. Watts Water (WTS): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Nextracker (NXT) and Watts Water (WTS)
MetricNXTWTS
Revenue Growth (YoY)20.28%8.27%
Revenue Growth (3Y CAGR)23.23%7.20%
EPS Growth (YoY)10.66%17.03%
EPS Growth (3Y CAGR)476.90%10.78%

Financial Strength

Current Ratio (MRQ)

Both Nextracker (NXT) at 2.23 and Watts Water (WTS) at 2.80 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

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

WTS

Capital Goods industry group

2.80

Max
5.22
Q3
2.95
WTS
2.80
Median
2.08
Q1
1.43
Min
0.36
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Nextracker (NXT) vs. Watts Water (WTS): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Both Nextracker (NXT) at 0.02 and Watts Water (WTS) at 0.08 keep leverage in the lower quartile of their industries, with less balance-sheet debt relative to equity than most peers.

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

WTS

Capital Goods industry group

0.08

Max
2.33
Q3
1.12
Median
0.60
Q1
0.29
WTS
0.08
Min
0.00
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Nextracker (NXT) vs. Watts Water (WTS): A comparison of their debt-to-equity ratio against the Capital Goods industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Nextracker (NXT) and Watts Water (WTS)
MetricNXTWTS
Current Ratio (MRQ)2.232.80
Debt / Equity (MRQ)0.020.08
Net Debt / EBITDA-1.30-0.40

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 Watts Water (WTS) reports a yield of 0.66%, ranking against industry peers normally.

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%

WTS

Capital Goods industry group

0.66%

Max
2.66%
Q3
1.14%
WTS
0.66%
Median
0.24%
Q1
0.00%
Min
0.00%
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Nextracker (NXT) vs. Watts Water (WTS): 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 Watts Water (WTS) reports a payout of 17.24%, ranking against industry peers normally.

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%

WTS

Capital Goods industry group

17.24%

Max
67.39%
Q3
28.02%
WTS
17.24%
Median
6.86%
Q1
0.00%
Min
0.00%
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Nextracker (NXT) vs. Watts Water (WTS): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for Nextracker (NXT) and Watts Water (WTS)
MetricNXTWTS
Dividend Yield (TTM)0.00%0.66%
Dividend Payout Ratio (TTM)0.00%17.24%

Valuation

P/E Ratio (TTM)

Both Nextracker (NXT) at 26.42 and Watts Water (WTS) at 25.95 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

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

WTS

Capital Goods industry group

25.95

Max
59.38
Q3
35.92
WTS
25.95
Median
25.41
Q1
19.47
Min
3.03
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Nextracker (NXT) vs. Watts Water (WTS): A comparison of their P/E ratio against the Capital Goods industry group benchmark.

P/S Ratio (TTM)

Both Nextracker (NXT) at 4.17 and Watts Water (WTS) at 4.14 command a richer price per dollar of sales than most peers, sitting in the upper P/S ratio quartile of their industries.

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

WTS

Capital Goods industry group

4.14

Max
7.54
WTS
4.14
Q3
3.76
Median
2.15
Q1
1.03
Min
0.03
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Nextracker (NXT) vs. Watts Water (WTS): A comparison of their P/S ratio against the Capital Goods industry group benchmark.

P/B Ratio (MRQ)

Watts Water (WTS) at 4.98 is valued about in line with its industry on P/B ratio, while Nextracker (NXT) at 5.98 carries an above-peer premium to book — NXT is pricier on assets.

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

WTS

Capital Goods industry group

4.98

Max
9.66
Q3
5.00
WTS
4.98
Median
3.12
Q1
1.81
Min
-1.08
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Nextracker (NXT) vs. Watts Water (WTS): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for Nextracker (NXT) and Watts Water (WTS)
MetricNXTWTS
P/E Ratio (TTM)26.4225.95
P/S Ratio (TTM)4.174.14
P/B Ratio (MRQ)5.984.98
Free Cash Flow Yield (TTM)2.32%2.21%