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NXT vs ENPH
Revenue, margins, valuation, and 5-year total return — side by side.
Solar
NXT vs ENPH — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Consumer Electronics | Solar |
| Market Cap | $18.72B | $4.72B |
| Revenue (TTM) | $3.60B | $1.40B |
| Net Income (TTM) | $592M | $135M |
| Gross Margin | 32.4% | 44.2% |
| Operating Margin | 20.5% | 6.8% |
| Forward P/E | 28.9x | 17.8x |
| Total Debt | $0.00 | $1.24B |
| Cash & Equiv. | $766M | $474M |
NXT vs ENPH — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Feb 23 | May 26 | Return |
|---|---|---|---|
| Nextpower Inc. (NXT) | 100 | 414.2 | +314.2% |
| Enphase Energy, Inc. (ENPH) | 100 | 17.0 | -83.0% |
Price return only. Dividends and distributions are not included.
Quick Verdict: NXT vs ENPH
Each card shows where this stock fits in a portfolio — not just who wins on paper.
NXT carries the broadest edge in this set and is the clearest fit for growth exposure.
- Rev growth 18.4%, EPS growth 3.0%, 3Y rev CAGR 26.6%
- 18.4% revenue growth vs ENPH's 10.7%
- 16.4% margin vs ENPH's 9.6%
ENPH is the clearest fit if your priority is income & stability and long-term compounding.
- beta 1.70
- 17.6% 10Y total return vs NXT's 306.6%
- Lower volatility, beta 1.70, current ratio 2.07x
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 18.4% revenue growth vs ENPH's 10.7% | |
| Value | Lower P/E (17.8x vs 28.9x), PEG 2.82 vs 11.63 | |
| Quality / Margins | 16.4% margin vs ENPH's 9.6% | |
| Stability / Safety | Beta 1.70 vs NXT's 1.88 | |
| Dividends | Tie | Neither stock pays a meaningful dividend |
| Momentum (1Y) | +194.0% vs ENPH's -18.4% | |
| Efficiency (ROA) | 15.6% ROA vs ENPH's 4.2%, ROIC 62.8% vs 6.8% |
NXT vs ENPH — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
NXT vs ENPH — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
NXT leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
NXT is the larger business by revenue, generating $3.6B annually — 2.6x ENPH's $1.4B. NXT is the more profitable business, keeping 16.4% of every revenue dollar as net income compared to ENPH's 9.6%. On growth, NXT holds the edge at +33.9% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $3.6B | $1.4B |
| EBITDAEarnings before interest/tax | $766M | $171M |
| Net IncomeAfter-tax profit | $592M | $135M |
| Free Cash FlowCash after capex | $589M | $145M |
| Gross MarginGross profit ÷ Revenue | +32.4% | +44.2% |
| Operating MarginEBIT ÷ Revenue | +20.5% | +6.8% |
| Net MarginNet income ÷ Revenue | +16.4% | +9.6% |
| FCF MarginFCF ÷ Revenue | +16.4% | +10.4% |
| Rev. Growth (YoY)Latest quarter vs prior year | +33.9% | -20.6% |
| EPS Growth (YoY)Latest quarter vs prior year | +7.6% | -127.3% |
Valuation Metrics
ENPH leads this category, winning 6 of 7 comparable metrics.
Valuation Metrics
At 27.8x trailing earnings, ENPH trades at a 24% valuation discount to NXT's 36.3x P/E. Adjusting for growth (PEG ratio), ENPH offers better value at 4.40x vs NXT's 14.65x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | ||
|---|---|---|
| Market CapShares × price | $18.7B | $4.7B |
| Enterprise ValueMkt cap + debt − cash | $18.0B | $5.5B |
| Trailing P/EPrice ÷ TTM EPS | 36.33x | 27.75x |
| Forward P/EPrice ÷ next-FY EPS est. | 28.85x | 17.77x |
| PEG RatioP/E ÷ EPS growth rate | 14.65x | 4.40x |
| EV / EBITDAEnterprise value multiple | 27.51x | 22.37x |
| Price / SalesMarket cap ÷ Revenue | 6.32x | 3.20x |
| Price / BookPrice ÷ Book value/share | 11.56x | 4.44x |
| Price / FCFMarket cap ÷ FCF | 30.10x | 49.20x |
Profitability & Efficiency
NXT leads this category, winning 7 of 7 comparable metrics.
Profitability & Efficiency
NXT delivers a 27.5% return on equity — every $100 of shareholder capital generates $28 in annual profit, vs $13 for ENPH.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +27.5% | +13.3% |
| ROA (TTM)Return on assets | +15.6% | +4.2% |
| ROICReturn on invested capital | +62.8% | +6.8% |
| ROCEReturn on capital employed | +33.8% | +6.8% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 6 |
| Debt / EquityFinancial leverage | — | 1.14x |
| Net DebtTotal debt minus cash | -$766M | $769M |
| Cash & Equiv.Liquid assets | $766M | $474M |
| Total DebtShort + long-term debt | $0 | $1.2B |
| Interest CoverageEBIT ÷ Interest expense | 161.08x | 47.60x |
Total Returns (Dividends Reinvested)
NXT leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in NXT five years ago would be worth $40,658 today (with dividends reinvested), compared to $2,936 for ENPH. Over the past 12 months, NXT leads with a +194.0% total return vs ENPH's -18.4%. The 3-year compound annual growth rate (CAGR) favors NXT at 57.6% vs ENPH's -39.7% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +35.9% | +6.1% |
| 1-Year ReturnPast 12 months | +194.0% | -18.4% |
| 3-Year ReturnCumulative with dividends | +291.2% | -78.1% |
| 5-Year ReturnCumulative with dividends | +306.6% | -70.6% |
| 10-Year ReturnCumulative with dividends | +306.6% | +1764.6% |
| CAGR (3Y)Annualised 3-year return | +57.6% | -39.7% |
Risk & Volatility
Evenly matched — NXT and ENPH each lead in 1 of 2 comparable metrics.
Risk & Volatility
ENPH is the less volatile stock with a 1.70 beta — it tends to amplify market swings less than NXT's 1.88 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. NXT currently trades 95.7% from its 52-week high vs ENPH's 65.8% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.88x | 1.70x |
| 52-Week HighHighest price in past year | $131.72 | $54.43 |
| 52-Week LowLowest price in past year | $41.25 | $25.78 |
| % of 52W HighCurrent price vs 52-week peak | +95.7% | +65.8% |
| RSI (14)Momentum oscillator 0–100 | 56.3 | 52.7 |
| Avg Volume (50D)Average daily shares traded | 1.7M | 5.9M |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates NXT as "Buy" and ENPH as "Hold". Consensus price targets imply 21.5% upside for ENPH (target: $43) vs -1.6% for NXT (target: $124).
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | $124.00 | $43.48 |
| # AnalystsCovering analysts | 28 | 55 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | 1 | — |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +2.8% |
NXT leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). ENPH leads in 1 (Valuation Metrics). 1 tied.
NXT vs ENPH: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is NXT or ENPH a better buy right now?
For growth investors, Nextpower Inc.
(NXT) is the stronger pick with 18. 4% revenue growth year-over-year, versus 10. 7% for Enphase Energy, Inc. (ENPH). Enphase Energy, Inc. (ENPH) offers the better valuation at 27. 8x trailing P/E (17. 8x forward), making it the more compelling value choice. Analysts rate Nextpower Inc. (NXT) a "Buy" — based on 28 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 — NXT or ENPH?
On trailing P/E, Enphase Energy, Inc.
(ENPH) is the cheapest at 27. 8x versus Nextpower Inc. at 36. 3x. On forward P/E, Enphase Energy, Inc. is actually cheaper at 17. 8x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Enphase Energy, Inc. wins at 2. 82x versus Nextpower Inc. 's 11. 63x.
03Which is the better long-term investment — NXT or ENPH?
Over the past 5 years, Nextpower Inc.
(NXT) delivered a total return of +306. 6%, compared to -70. 6% for Enphase Energy, Inc. (ENPH). Over 10 years, the gap is even starker: ENPH returned +1765% versus NXT's +306. 6%. 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 — NXT or ENPH?
By beta (market sensitivity over 5 years), Enphase Energy, Inc.
(ENPH) is the lower-risk stock at 1. 70β versus Nextpower Inc. 's 1. 88β — meaning NXT is approximately 11% more volatile than ENPH relative to the S&P 500.
05Which is growing faster — NXT or ENPH?
By revenue growth (latest reported year), Nextpower Inc.
(NXT) is pulling ahead at 18. 4% versus 10. 7% for Enphase Energy, Inc. (ENPH). On earnings-per-share growth, the picture is similar: Enphase Energy, Inc. grew EPS 72. 0% year-over-year, compared to 3. 0% for Nextpower Inc.. Over a 3-year CAGR, NXT leads at 26. 6% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — NXT or ENPH?
Nextpower Inc.
(NXT) is the more profitable company, earning 17. 2% net margin versus 11. 7% for Enphase Energy, 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 11. 2% for ENPH. At the gross margin level — before operating expenses — ENPH leads at 46. 6%, 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.
07Is NXT or ENPH more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, Enphase Energy, Inc. (ENPH) is the more undervalued stock at a PEG of 2. 82x versus Nextpower Inc. 's 11. 63x. Both stocks trade at elevated growth-adjusted valuations, so expected growth needs to materialise. On forward earnings alone, Enphase Energy, Inc. (ENPH) trades at 17. 8x forward P/E versus 28. 9x for Nextpower Inc. — 11. 1x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for ENPH: 21. 5% to $43. 48.
08Which pays a better dividend — NXT or ENPH?
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.
09Is NXT or ENPH better for a retirement portfolio?
For long-horizon retirement investors, Enphase Energy, Inc.
(ENPH) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (+1765% 10Y return). Nextpower Inc. (NXT) carries a higher beta of 1. 88 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (ENPH: +1765%, NXT: +306. 6%), 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.
10What are the main differences between NXT and ENPH?
These companies operate in different sectors (NXT (Technology) and ENPH (Energy)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
In terms of investment character: NXT is a mid-cap high-growth stock; ENPH is a small-cap quality compounder stock. 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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