Nextracker Inc. Class A Common Stock
Nextpower Inc. provides solar tracker technologies and solutions for utility-scale and distributed generation solar applications in the United States and internationally. The company offers tracking solutions, including NX Horizon, a solar tracking solution; NX Horizon-XTR, a terrain-following tracker to expand the addressable market for trackers on sites with sloped, uneven, and challenging terr… Read more
Nextracker Inc. Class A Common Stock (NXT) - Net Assets
Latest net assets as of December 2025: $2.15 Billion USD
Based on the latest financial reports, Nextracker Inc. Class A Common Stock (NXT) has net assets worth $2.15 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.80 Billion) and total liabilities ($1.65 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.15 Billion |
| % of Total Assets | 56.6% |
| Annual Growth Rate | 28.63% |
| 5-Year Change | 257.01% |
| 10-Year Change | N/A |
| Growth Volatility | 52.52 |
Nextracker Inc. Class A Common Stock - Net Assets Trend (2019–2025)
This chart illustrates how Nextracker Inc. Class A Common Stock's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Nextracker Inc. Class A Common Stock (2019–2025)
The table below shows the annual net assets of Nextracker Inc. Class A Common Stock from 2019 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $1.63 Billion | +64.12% |
| 2024-03-31 | $992.03 Million | +104.60% |
| 2023-03-31 | $484.86 Million | -3.25% |
| 2022-03-31 | $501.13 Million | +9.89% |
| 2021-03-31 | $456.05 Million | +97.37% |
| 2020-03-31 | $231.06 Million | -35.70% |
| 2019-03-31 | $359.34 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Nextracker Inc. Class A Common Stock's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 811.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $15.00K | 0.00% |
| Other Comprehensive Income | $-298.00K | -0.02% |
| Other Components | $4.19 Billion | 257.09% |
| Total Equity | $1.63 Billion | 100.00% |
Nextracker Inc. Class A Common Stock Competitors by Market Cap
The table below lists competitors of Nextracker Inc. Class A Common Stock ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Credo Technology Group Holding Ltd
NASDAQ:CRDO
|
$17.22 Billion |
|
Revolution Medicines Inc
NASDAQ:RVMD
|
$17.25 Billion |
|
Ritchie Bros Auctioneers
TO:RBA
|
$17.27 Billion |
|
Weyerhaeuser Company
NYSE:WY
|
$17.28 Billion |
|
Ajinomoto Co., Inc.
F:AJI0
|
$17.16 Billion |
|
Lululemon Athletica Inc.
NASDAQ:LULU
|
$17.16 Billion |
|
HP Inc
NYSE:HPQ
|
$17.15 Billion |
|
Las Vegas Sands Corp
NYSE:LVS
|
$17.15 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nextracker Inc. Class A Common Stock's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 961,013,000 to 1,628,130,000, a change of 667,117,000 (69.4%).
- Net income of 509,168,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 315,000.
- Other factors increased equity by 158,264,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $509.17 Million | +31.27% |
| Other Comprehensive Income | $-315.00K | -0.02% |
| Other Changes | $158.26 Million | +9.72% |
| Total Change | $- | 69.42% |
Book Value vs Market Value Analysis
This analysis compares Nextracker Inc. Class A Common Stock's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 11.17x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 13.07x to 11.17x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-03-31 | $9.32 | $121.84 | x |
| 2020-03-31 | $6.00 | $121.84 | x |
| 2021-03-31 | $11.83 | $121.84 | x |
| 2022-03-31 | $10.93 | $121.84 | x |
| 2023-03-31 | $-21.09 | $121.84 | x |
| 2024-03-31 | $6.52 | $121.84 | x |
| 2025-03-31 | $10.91 | $121.84 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nextracker Inc. Class A Common Stock utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 31.27%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.21%
- • Asset Turnover: 0.93x
- • Equity Multiplier: 1.96x
- Recent ROE (31.27%) is above the historical average (21.61%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -0.44% | -0.24% | 1.19x | 1.55x | $-37.52 Million |
| 2020 | 51.18% | 10.10% | 1.89x | 2.68x | $95.15 Million |
| 2021 | 27.27% | 10.40% | 1.36x | 1.93x | $78.74 Million |
| 2022 | 10.16% | 3.49% | 1.43x | 2.03x | $799.70K |
| 2023 | 0.00% | 6.25% | 1.34x | 0.00x | $426.46 Million |
| 2024 | 31.87% | 12.25% | 0.99x | 2.62x | $210.14 Million |
| 2025 | 31.27% | 17.21% | 0.93x | 1.96x | $346.36 Million |
Industry Comparison
This section compares Nextracker Inc. Class A Common Stock's net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $424,642,617
- Average return on equity (ROE) among peers: 1.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Nextracker Inc. Class A Common Stock (NXT) | $2.15 Billion | -0.44% | 0.77x | $17.18 Billion |
| ABCO Energy Inc (ABCE) | $-190.65K | 0.00% | 0.00x | $11.90K |
| Advantagewon Oil Corporation (ANTGF) | $-1.30 Million | 0.00% | 0.00x | $547.13K |
| Advanced Powerline Technologies Inc (APWL) | $6.31 Million | -45.47% | 0.40x | $1.82 |
| Array Technologies Inc (ARRY) | $-25.72 Million | 0.00% | 0.00x | $972.65 Million |
| Ascent Solar Technologies, Inc. Common Stock (ASTI) | $139.62 Million | -9.47% | 0.10x | $18.06 Million |
| Beam Global (BEEM) | $-1.41 Million | 0.00% | 0.00x | $26.89 Million |
| Clear Blue Technologies International Inc (CBUTF) | $-215.24K | 0.00% | 0.00x | $834.08K |
| China Changjiang Mining & New Energy Co Ltd (CHJI) | $924.23K | 64.84% | 0.83x | $2.91K |
| Canadian Solar Inc (CSIQ) | $4.15 Billion | 0.87% | 2.26x | $868.69 Million |
| Complete Solaria, Inc. Common Stock (CSLR) | $-21.39 Million | 0.00% | 0.00x | $89.72 Million |