NXT
Company Description
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.
Track Record
| Metric | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3.56B | 2.96B | 2.50B | 1.90B | 1.46B | 1.20B | 1.17B | 660.74M |
| Net Income | 585.88M | 509.17M | 306.24M | 118.89M | 50.91M | 124.35M | 118.26M | (1.59M) |
| EPS | 3.96 | 3.55 | 3.97 | 0.02 | 1.11 | 3.23 | 3.07 | -0.04 |
| Free Cash Flow | 511.64M | 621.87M | 422.31M | 104.49M | (153.03M) | 91.31M | 239.34M | (18.44M) |
| FCF / Share | 3.46 | 4.33 | 5.48 | 2.28 | -3.34 | 2.37 | 6.21 | -0.48 |
| Operating CF | 556.45M | 655.79M | 428.97M | 107.67M | (147.11M) | 94.27M | 241.00M | (13.92M) |
| Total Assets | 4.07B | 3.19B | 2.52B | 1.42B | 1.02B | 880.97M | 619.16M | 557.44M |
| Total Debt | 0 | 34.11M | 169.02M | 150.55M | 4.50M | 4.50M | 5.40M | 0 |
| Cash & Equiv | 1.09B | 766.10M | 474.05M | 130.01M | 29.07M | 190.59M | 2.95M | 14.37M |
| Book Value | 2.33B | 1.63B | 961.01M | (3.08B) | 501.13M | 456.05M | 231.06M | 359.34M |
| Return on Equity | 0.25 | 0.31 | 0.32 | N/A | 0.10 | 0.27 | 0.51 | -0.00 |
| Metric | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 880.52M | 909.35M | 905.27M | 864.25M | 924.34M | 679.36M | 635.57M | 719.92M | 736.51M | 710.43M | 573.36M | 479.54M |
| Net Income | 150.60M | 131.24M | 146.86M | 157.18M | 156.79M | 115.28M | 115.39M | 121.70M | 205.16M | 41.40M | 39.25M | 20.43M |
| EPS | 1.01 | 0.88 | 0.99 | 1.06 | 1.08 | 0.80 | 0.82 | 0.86 | 1.48 | 0.67 | 0.64 | 0.44 |
| Free Cash Flow | 153.61M | 120.54M | 171.41M | 70.07M | 227.25M | 134.90M | 141.77M | 117.96M | 108.68M | 62.36M | 26.20M | 225.07M |
| FCF / Share | 1.03 | 0.81 | 1.16 | 0.47 | 1.57 | 0.94 | 0.99 | 0.83 | 1.41 | 1.00 | 0.42 | 4.85 |
| Operating CF | 166.96M | 125.27M | 186.88M | 81.32M | 237.33M | 143.84M | 153.78M | 120.85M | 111.49M | 64.80M | 26.91M | 225.77M |
| Total Assets | 4.07B | 3.80B | 3.67B | 3.39B | 3.19B | 2.98B | 2.77B | 2.63B | 2.52B | 2.10B | 2.03B | 1.66B |
| Total Debt | 0 | 44.80M | 45.70M | 26.60M | 34.11M | 145.33M | 146.13M | 146.92M | 169.02M | 144.76M | 145.56M | 147.29M |
| Cash & Equiv | 1.09B | 952.62M | 845.34M | 743.40M | 766.10M | 693.54M | 561.88M | 471.88M | 474.05M | 367.82M | 372.92M | 355.08M |
| Book Value | 2.33B | 2.15B | 1.99B | 1.81B | 1.63B | 1.41B | 1.27B | 1.12B | 961.01M | (3.12B) | (2.64B) | (3.35B) |
| Return on Equity | 0.06 | 0.06 | 0.07 | 0.09 | 0.10 | 0.08 | 0.09 | 0.11 | 0.21 | N/A | N/A | N/A |