Comprehensive Stock Comparison
Compare Sonos, Inc. (SONO) vs Nextpower Inc. (NXT) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
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Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth | NXT | 18.4% revenue growth vs SONO's -4.9% |
| Value | NXT | Lower P/E (24.1x vs 48.9x) |
| Quality / Margins | NXT | 16.4% net margin vs SONO's -1.2% |
| Stability / Safety | NXT | Beta 1.09 vs SONO's 1.52 |
| Dividends | Tie | Neither pays a meaningful dividend |
| Momentum (1Y) | NXT | +138.8% vs SONO's +16.5% |
| Efficiency (ROA) | NXT | 15.6% ROA vs SONO's -1.9%, ROIC 62.8% vs -12.3% |
Who Each Stock Is For
Income & stability
Growth exposure
Long-term compounding (10Y)
Sleep-well-at-night portfolio
Defensive / Recession hedge
Business Model
What each company does and how it makes money
Sonos is a premium wireless multi-room audio system company that designs and sells smart speakers and home theater products. It generates revenue primarily from hardware sales—including speakers, soundbars, and components—with a growing contribution from its software subscription services that offer music streaming and voice control features. The company's key advantage is its proprietary ecosystem that seamlessly integrates multiple speakers across rooms, creating a sticky platform that locks in customers through interoperability and superior user experience.
Nextracker designs and manufactures solar tracking systems that follow the sun to maximize energy production from photovoltaic power plants. It generates revenue primarily from selling its NX Horizon and NX Gemini tracker hardware—which accounts for the bulk of sales—alongside software subscriptions for its TrueCapture optimization platform. The company's competitive advantage lies in its proprietary software algorithms that optimize tracker positioning and its extensive installation experience across diverse terrains.
Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Financial Metrics Comparison
Side-by-side fundamentals across 2 stocks. BestLagging
Financial Scorecard
NXT leads in 4 of 6 categories (Financial Metrics, Profitability & Efficiency). SONO leads in 1 (Valuation Metrics).
Financial Metrics (TTM)
NXT is the larger business by revenue, generating $3.6B annually — 2.5x SONO's $1.4B. NXT is the more profitable business, keeping 16.4% of every revenue dollar as net income compared to SONO's -1.2%. On growth, NXT holds the edge at +33.9% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | SONOSonos, Inc. | NXTNextpower Inc. |
|---|---|---|
| RevenueTrailing 12 months | $1.4B | $3.6B |
| EBITDAEarnings before interest/tax | $49M | $766M |
| Net IncomeAfter-tax profit | -$18M | $592M |
| Free Cash FlowCash after capex | $122M | $589M |
| Gross MarginGross profit ÷ Revenue | +44.7% | +32.4% |
| Operating MarginEBIT ÷ Revenue | +0.1% | +20.5% |
| Net MarginNet income ÷ Revenue | -1.2% | +16.4% |
| FCF MarginFCF ÷ Revenue | +8.5% | +16.4% |
| Rev. Growth (YoY)Latest quarter vs prior year | -0.9% | +33.9% |
| EPS Growth (YoY)Latest quarter vs prior year | +87.5% | +7.6% |
Valuation Metrics
On an enterprise value basis, NXT's 22.7x EV/EBITDA is more attractive than SONO's 154.4x.
| Metric | SONOSonos, Inc. | NXTNextpower Inc. |
|---|---|---|
| Market CapShares × price | $1.9B | $15.6B |
| Enterprise ValueMkt cap + debt − cash | $1.8B | $14.8B |
| Trailing P/EPrice ÷ TTM EPS | -30.20x | 30.29x |
| Forward P/EPrice ÷ next-FY EPS est. | 48.89x | 24.07x |
| PEG RatioP/E ÷ EPS growth rate | — | 12.21x |
| EV / EBITDAEnterprise value multiple | 154.44x | 22.74x |
| Price / SalesMarket cap ÷ Revenue | 1.31x | 5.27x |
| Price / BookPrice ÷ Book value/share | 5.24x | 9.64x |
| Price / FCFMarket cap ÷ FCF | 17.49x | 25.09x |
Profitability & Efficiency
NXT delivers a 27.5% return on equity — every $100 of shareholder capital generates $28 in annual profit, vs $-4 for SONO. On the Piotroski fundamental quality scale (0–9), NXT scores 6/9 vs SONO's 5/9, reflecting solid financial health.
| Metric | SONOSonos, Inc. | NXTNextpower Inc. |
|---|---|---|
| ROE (TTM)Return on equity | -4.0% | +27.5% |
| ROA (TTM)Return on assets | -1.9% | +15.6% |
| ROICReturn on invested capital | -12.3% | +62.8% |
| ROCEReturn on capital employed | -9.9% | +33.8% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 6 |
| Debt / EquityFinancial leverage | 0.32x | — |
| Net DebtTotal debt minus cash | -$121M | -$766M |
| Cash & Equiv.Liquid assets | $175M | $766M |
| Total DebtShort + long-term debt | $113M | $0 |
| Interest CoverageEBIT ÷ Interest expense | -393.13x | 161.08x |
Total Returns (with DRIP)
A $10,000 investment in NXT five years ago would be worth $33,892 today (with dividends reinvested), compared to $3,749 for SONO. Over the past 12 months, NXT leads with a +138.8% total return vs SONO's +16.5%. The 3-year compound annual growth rate (CAGR) favors NXT at 51.1% vs SONO's -7.5% — a key indicator of consistent wealth creation.
| Metric | SONOSonos, Inc. | NXTNextpower Inc. |
|---|---|---|
| YTD ReturnYear-to-date | -11.9% | +13.3% |
| 1-Year ReturnPast 12 months | +16.5% | +138.8% |
| 3-Year ReturnCumulative with dividends | -20.7% | +245.3% |
| 5-Year ReturnCumulative with dividends | -62.5% | +238.9% |
| 10-Year ReturnCumulative with dividends | -22.7% | +238.9% |
| CAGR (3Y)Annualised 3-year return | -7.5% | +51.1% |
Risk & Volatility
NXT is the less volatile stock with a 1.09 beta — it tends to amplify market swings less than SONO's 1.52 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | SONOSonos, Inc. | NXTNextpower Inc. |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.52x | 1.09x |
| 52-Week HighHighest price in past year | $19.82 | $131.59 |
| 52-Week LowLowest price in past year | $7.63 | $36.06 |
| % of 52W HighCurrent price vs 52-week peak | +77.7% | +79.9% |
| RSI (14)Momentum oscillator 0–100 | 49.6 | 44.4 |
| Avg Volume (50D)Average daily shares traded | 1.5M | 1.7M |
Analyst Outlook
Wall Street rates SONO as "Buy" and NXT as "Buy". Consensus price targets imply 26.6% upside for SONO (target: $20) vs 7.1% for NXT (target: $113).
| Metric | SONOSonos, Inc. | NXTNextpower Inc. |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $19.50 | $112.60 |
| # AnalystsCovering analysts | 9 | 26 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | — | 1 |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | +4.3% | 0.0% |
Historical Charts
Charts are rendered on first load. Hover for details.
Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Mar 23 | Feb 26 | Change |
|---|---|---|---|
| Sonos, Inc. (SONO) | 100 | 75.29 | -24.7% |
| Nextpower Inc. (NXT) | 100.23 | 372.78 | +271.9% |
Nextpower Inc. (NXT) returned +239% over 5 years vs Sonos, Inc. (SONO)'s -63%. A $10,000 investment in NXT 5 years ago would be worth $33,892 today (including dividends reinvested).
Chart 2Revenue Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Sonos, Inc. (SONO) | $901M | $1.4B | +60.1% |
| Nextpower Inc. (NXT) | $661M | $3.0B | +347.9% |
Sonos, Inc.'s revenue grew from $901M (2016) to $1.4B (2025) — a 5.4% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Sonos, Inc. (SONO) | -4.2% | -4.2% | +0.1% |
| Nextpower Inc. (NXT) | -0.2% | 17.2% | +7251.4% |
Sonos, Inc.'s net margin went from -4% (2016) to -4% (2025).
Chart 4EPS Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Sonos, Inc. (SONO) | -0.36 | -0.51 | -41.7% |
| Nextpower Inc. (NXT) | -0.04 | 3.47 | +8501.9% |
Sonos, Inc.'s EPS grew from $-0.36 (2016) to $-0.51 (2025).
Chart 5Free Cash Flow — 5 Years
Sonos, Inc. generated $108M FCF in 2025 (-48% vs 2021). Nextpower Inc. generated $622M FCF in 2025 (+581% vs 2021).
SONO vs NXT: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is SONO or NXT a better buy right now?
Nextpower Inc. (NXT) offers the better valuation at 30.3x trailing P/E (24.1x forward), making it the more compelling value choice. Analysts rate Sonos, Inc. (SONO) a "Buy" — based on 9 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — SONO or NXT?
On forward P/E, Nextpower Inc. is actually cheaper at 24.1x.
03Which is the better long-term investment — SONO or NXT?
Over the past 5 years, Nextpower Inc. (NXT) delivered a total return of +238.9%, compared to -62.5% for Sonos, Inc. (SONO). A $10,000 investment in NXT five years ago would be worth approximately $34K today (assuming dividends reinvested). Over 10 years, the gap is even starker: NXT returned +238.9% versus SONO's -22.7%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — SONO or NXT?
By beta (market sensitivity over 5 years), Nextpower Inc. (NXT) is the lower-risk stock at 1.09β versus Sonos, Inc.'s 1.52β — meaning SONO is approximately 39% more volatile than NXT relative to the S&P 500.
05Which has better profit margins — SONO or NXT?
Nextpower Inc. (NXT) is the more profitable company, earning 17.2% net margin versus -4.2% for Sonos, Inc. — meaning it keeps 17.2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: NXT leads at 21.6% versus -3.5% for SONO. At the gross margin level — before operating expenses — SONO leads at 43.7%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is SONO or NXT more undervalued right now?
On forward earnings alone, Nextpower Inc. (NXT) trades at 24.1x forward P/E versus 48.9x for Sonos, Inc. — 24.8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for SONO: 26.6% to $19.50.
07Which pays a better dividend — SONO or NXT?
None of the stocks in this comparison currently pay a material dividend. All are effectively zero-yield and should be held for capital appreciation rather than income.
08Is SONO or NXT better for a retirement portfolio?
For long-horizon retirement investors, Nextpower Inc. (NXT) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1.09), +238.9% 10Y return). Sonos, Inc. (SONO) carries a higher beta of 1.52 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (NXT: +238.9%, SONO: -22.7%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between SONO and NXT?
Both stocks operate in the Technology sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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