Nextpower Inc. (NXT) financials

NASDAQ · Energy · Solar · 1,993 employees · CEO Daniel S. Shugar

Price: $79.33 -0.63%
Market cap: $12B
Enterprise value: $11B
Last report: Q2 '27 filed 2026-10-28
Next report: 2027-01-26 EPS est. $1.01

Revenue (TTM)$3.83B+13.7% vs a year agoLast 4 quarters; bars = each quarter

Operating margin (TTM)19.0%-2.2 pp vs a year agoOperating income $729M

Net income (TTM)$613M+6.3% vs a year agoAfter tax, incl. non-operating gains

Free cash flow (TTM)$514M-14.8% vs a year agoCapex $57.1M

Diluted EPS (TTM)$3.97+3.1% vs a year agoSum of the last 4 quarters

Net cash$1.03B+28.8% vs a year agoCash + short-term investments - debt

Valuation & key figures

Market cap: $12B
Revenue: $3.83B
Revenue growth: +23%
Profit margin: 16.0%
P/E: 19.4×
P/S: 3.1×
EV / EBITDA: 13.8×
Free cash flow: $514M
Net income: $613M
Revenue estimate: $4.37B
Earnings: 2027-01-26
Dividend: –

Key takeaways

Computed from the reported numbers - every statement carries the figure it rests on.

Last report (2026-10-28): revenue beat by 4.2%, EPS beat by 19.1%Revenue $1.11B vs $1.06B expected (+4.2%); EPS $1.31 vs $1.10 (+19.1%).
Revenue growth accelerating: 22.5% year on yearQ2 '27 revenue $1.11B, against an average of 19.9% over the four quarters before.
Operating margin 19.0% (TTM), -2.2 pp on a year agoOperating income grew 1.6% while revenue grew 13.7%.
Capex 1.5% of revenue (a year ago 1.4%)$57.1M invested in the last 4 quarters (+24.8% on a year earlier). Free cash flow $514M = 83.9% of net income.
Returned $162M to shareholders = 31.6% of free cash flowBuybacks $162M (a year earlier $0), dividends $0, stock-based pay $0 (TTM).
Diluted share count up 1.2% in a year154M diluted shares in Q2 '27, 152M a year earlier.
Net cash $1.03BCash + short-term investments $1.03B, debt incl. leases $0; a year ago net cash $800M.

Last quarter: Q2 '27

Quarter ended 2026-10-02. Compared with the same quarter a year earlier and with the analyst consensus before the report.

Quarter vs a year ago

	Q2 '27	Year ago	Change
Revenue	$1.11B	$905M	+22.5%
Gross margin	31.1%	32.2%	-1.1 pp
Operating income	$208M	$184M	+12.8%
Operating margin	18.7%	20.3%	-1.6 pp
Net income	$165M	$147M	+12.7%
Diluted EPS	$1.08	$0.97	+11.3%
Operating cash flow	$158M	$187M	-15.4%
Capex	$23.1M	$15.5M	+49.5%
Free cash flow	$135M	$171M	-21.3%
R&D	$45.6M	$26.9M	+69.5%
Stock-based compensation	$0	$31.7M	-100.0%

Reported vs consensus

2026-10-28

	Actual	Consensus	vs consensus
Revenue	$1.11B	$1.06B	+4.2%
EPS (as estimated)	$1.31	$1.10	+19.1%

From the report of 2026-10-28 for Q2 '27: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.

EPS vs consensus

last 8 reports

Revenue

Where the money comes from - by business line and by region, quarter by quarter.

Revenue, operating income and growth

quarterly

Revenue by business line

stacked, quarterly

Segment	Q1 '27	y/y	Share	TTM	TTM y/y	12 quarters
Reportable Segment	$935M	+8.2%	100.0%	–	–

Revenue by region

share of total

Segment	Q1 '27	y/y	Share	TTM	TTM y/y	12 quarters
United States	$776M	+29.4%	82.9%	–	–
Non-US	$160M	-39.7%	17.1%	–	–

Margins & cost structure

How much of each unit of revenue is left at each level - and where the costs go.

Margins

quarterly

Costs as % of revenue

quarterly

Cash flow & capital allocation

Cash generated, what it is spent on, and what reaches shareholders.

Operating cash flow, capex, free cash flow

quarterly

Uses of cash vs operating cash flow

fiscal years

Last 4 quarters

cash flow statement

Operating cash flow: $571M
Capex: -$57.1M
Buybacks: -$162M
Dividends: $0
Acquisitions: -$134M
Net debt issued: -$1.99M
Stock-based compensation: $0
Free cash flow: $514M
Returned to shareholders / FCF: 31.6%

Share count and EPS

quarterly, diluted

Balance sheet

Liquidity, investments and debt at each quarter end.

Cash, investments and debt

quarter ends

Valuation & returns

Today's multiples against the company's own last five fiscal years; analyst targets and ratings.

Multiples and returns

TTM vs 5 fiscal years

	Now	5y average	Where today sits in the 5-year range
P/E (TTM)	19.4×	308.1×	11.9× – 1,456.2×
EV / EBITDA	13.8×	12.4×	6.4× – 22.5×
EV / Sales	2.9×	2.0×	0.9× – 4.7×
Price / FCF	23.4×	17.7× 4 of 5 years	9.7× – 34.9×
Price / Book	4.5×	4.7× 4 of 5 years	2.8× – 7.6×
FCF yield	4.3%	3.7%	-10.8% – 10.3%
Return on invested capital	18.1%	19.0%	9.4% – 29.3%
Return on equity	25.3%	18.9%	-3.9% – 31.9%

Analysts

Consensus target $140.07 (+76.6%)
range $101.00 – $179.00 · rating Buy

Strong buy0

Buy26

Hold3

Sell0

Strong sell0

Outlook

Analyst consensus for the coming fiscal years and what it implies at today's price.

Consensus estimates

Fiscal year	Revenue	Growth	EPS	Growth	P/E at today's price	Analysts (EPS)
FY2027	$4.37B	+22.8%	$4.77	+24.2%	16.6×	11
FY2028	$5.21B	+19.2%	$5.73	+20.2%	13.8×	11
FY2029	$5.95B	+14.2%	$6.95	+21.2%	11.4×	8
FY2030	$6.65B	+11.8%	$7.61	+9.5%	10.4×	3
FY2031	$7.22B	+8.5%	$8.39	+10.2%	9.5×	4

Financial statements

Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.

Income statementRevenue, costs, operating income, net income and EPSOpen Balance sheetCash, investments, assets, debt, liabilities and equityOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Every reported line

All 230 figures Nextpower Inc. tagged in its recent 10-Q / 10-K filings, with the official SEC label and definition - including the notes (leases, taxes, buybacks, employees, ...).

Line (SEC label)	Latest quarter	Year ago	y/y	Latest FY	Prior FY	y/y
	–	–	–	2.1%	–	–
	$5.7M2026-03-31	–	–	$5.7M	–	–
	–	–	–	$161M	–	–
	–	–	–	$8.07M	–	–
	–	–	–	$27.5M	–	–
	$213M2026-03-31	–	–	$213M	–	–
	$500M2026-01-31	–	–	$500M2026-01-31	–	–
Accounts Payable, Current	$536M	$581M	-7.8%	$533M	$585M	-8.9%
Accounts Receivable, after Allowance for Credit Loss, Current	$445M	$554M	-19.7%	$417M	$472M	-11.7%
Accounts Receivable, Allowance for Credit Loss	$2.08M2026-03-31	$1.47M	+41.2%	$2.08M	$1.47M	+41.2%
Accounts Receivable, Allowance for Credit Loss, Current	$2.16M	$1.43M	+51.0%	$2.08M	$1.47M	+41.2%
Accounts Receivable, Allowance for Credit Loss, Writeoff	–	–	–	$444K	$1K	+44,300.0%
Accounts Receivable, Credit Loss Expense (Reversal)	–	–	–	$1.05M	-$2.4M	+143.8%
Accrued Liabilities, Current	$113M	$86M	+31.4%	$130M	$97M	+34.2%
Accumulated Other Comprehensive Income (Loss), Net of Tax	$1.89M	-$777K	+343.0%	$183K	-$298K	+161.4%
Additional Paid in Capital	$4.36B	$4.21B	+3.6%	$4.31B	$4.19B	+2.9%
Amortization of Debt Issuance Costs	–	–	–	$1.15M	$1.82M	-37.1%
Amortization of Intangible Assets	$3.38M	$2.06M	+63.9%	$12M	$5.52M	+116.7%
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	$29.6M	$22.3M	+32.8%	$120M	$119M	+1.2%
Assets	$4.26B	$3.39B	+25.7%	$4.07B	$3.19B	+27.6%
Assets, Current	$3.03B	$2.23B	+35.6%	$2.85B	$2.16B	+31.9%
Business Combination, Acquisition Related Costs	–	–	–	$10.3M	$5.3M	+94.3%
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability	–	–	–	$6.13M	$0	–
Business Combination, Contingent Consideration, Liability	$38.5M2026-03-31	$2.55M	+1,411.5%	$38.5M	$2.55M	+1,411.5%
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets	–	–	–	$4.63M2024-06-20	–	–
BusinessCombinationPriceOfAcquisitionExpected	-$125K2026-03-31	$12.6M	-101.0%	$2.67M	$14M	-80.9%
Capital Expenditures Incurred but Not yet Paid	$2.08M	$1.42M	+47.3%	$1.16M	$1.66M	-30.3%
Cash and Cash Equivalents, at Carrying Value	$1.21B	$743M	+63.3%	$1.09B	$766M	+42.9%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$1.21B	$743M	+63.3%	$1.09B	$766M	+42.9%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	$119M	-$22.7M	+623.9%	$329M	$292M	+12.6%
Common Stock, Shares, Outstanding	–	–	–	62.1M2023-07-03	–	–
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$167M	$157M	+6.3%	–	–	–
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	$151M2026-03-31	$158M	-4.0%	$586M	$517M	+13.4%
Contract with Customer, Asset, after Allowance for Credit Loss, Current	$607M	$385M	+57.9%	$533M	$406M	+31.4%
Contract with Customer, Asset, Cumulative Catch-up Adjustment to Revenue, Change in Measure of Progress	$74.1M	-$21.2M	+449.5%	–	–	–
Contract with Customer, Liability, Current	$320M	$262M	+22.2%	$307M	$247M	+24.4%
Contract with Customer, Liability, Noncurrent	$113M	$101M	+11.4%	$102M	$96.6M	+6.1%
Contract with Customer, Liability, Revenue Recognized	$141M	$152M	-6.9%	$237M	$203M	+16.6%
Cost of Revenue	$599M	$583M	+2.9%	$2.4B	$1.95B	+23.0%
Current Federal Tax Expense (Benefit)	–	–	–	$105M	–	–
Current Federal, State and Local, Tax Expense (Benefit)	–	–	–	$132M2025-03-31	$65.3M	+102.5%
Current Foreign Tax Expense (Benefit)	–	–	–	$14.6M	$11.5M	+26.9%
Current Income Tax Expense (Benefit)	–	–	–	$128M	$144M	-10.8%
Current State and Local Tax Expense (Benefit)	–	–	–	$8.36M	–	–
Deferred Federal Income Tax Expense (Benefit)	–	–	–	$11M	–	–
Deferred Federal, State and Local, Tax Expense (Benefit)	–	–	–	-$13.5M2025-03-31	$30.5M	-144.1%
Deferred Foreign Income Tax Expense (Benefit)	–	–	–	-$7.76M	$555K	-1,498.6%
Deferred Income Tax Assets, Net	$509M	$511M	-0.4%	$512M	$499M	+2.6%
Deferred Income Tax Expense (Benefit)	–	–	–	-$223K	-$12.9M	+98.3%
Deferred Income Tax Liabilities, Net	$1.24M2026-03-31	$0	–	$1.24M	$0	–
Deferred Income Taxes and Other Assets, Noncurrent	$509M	$511M	-0.4%	$475M2024-03-31	$274M	+73.4%
Deferred Income Taxes and Tax Credits	–	–	–	-$223K	-$8.74M	+97.4%
Deferred State and Local Income Tax Expense (Benefit)	–	–	–	-$3.51M	–	–
Deferred Tax Assets, Gross	$562M2026-03-31	$535M	+5.0%	$562M	$535M	+5.0%
Deferred Tax Assets, in Process Research and Development	$47.1M2026-03-31	$0	–	$47.1M	$0	–
Deferred Tax Assets, Investment in Subsidiaries	$02026-03-31	$436M	-100.0%	$0	$436M	-100.0%
Deferred Tax Assets, Net	$511M2026-03-31	$499M	+2.4%	$511M	$499M	+2.4%
Deferred Tax Assets, Net of Valuation Allowance	$561M2026-03-31	$534M	+5.0%	$561M	$534M	+5.0%
Deferred Tax Assets, Operating Loss Carryforwards	$27.3M2026-03-31	$23.4M	+16.6%	$27.3M	$23.4M	+16.6%
Deferred Tax Assets, Other	$37.8M2026-03-31	$9.96M	+279.7%	$37.8M	$9.96M	+279.7%

Source: SEC companyfacts (XBRL of every 10-Q / 10-K). Cash-flow quarters are derived from the year-to-date figures the 10-Q tags. Segment breakdowns are tagged with dimensions and are shown in the segment section instead.

Sources

Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-07-03, 10-K 2026-03-31, 10-Q 2025-12-31, 10-Q 2025-09-26, 10-Q 2025-06-27, 10-K 2025-03-31, 10-Q 2024-12-31, 10-Q 2024-09-27, 10-Q 2024-06-28

Data as of 2026-11-02