Latest Ratios: P/E Ratio 21.3x · EV/EBITDA 15.6x · ROE 29.6%. (2019–2026 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $12.4B | $18.4B | $6.3B | $8.3B | $5.3B | — | — | — | — |
| Enterprise Value | $11.4B | $17.4B | $5.6B | $8.0B | $5.3B | — | — | — | — |
| P/E Ratio → | 21.30 | 31.39 | 12.14 | 16.70 | 4648.72 | — | — | — | — |
| P/S Ratio | 3.49 | 5.17 | 2.13 | 3.32 | 2.78 | — | — | — | — |
| P/B Ratio | 5.35 | 7.89 | 3.86 | 8.35 | 10.91 | — | — | — | — |
| P/FCF | 24.25 | 35.98 | 10.12 | 19.62 | 50.62 | — | — | — | — |
| P/OCF | 22.30 | 33.08 | 9.59 | 19.32 | 49.12 | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.88 | 1.88 | 3.19 | 2.79 | — | — | — | — |
| EV / EBITDA | 15.61 | 23.86 | 8.52 | 13.50 | 30.67 | — | — | — | — |
| EV / EBIT | 16.30 | 24.24 | 8.41 | 12.84 | 31.24 | — | — | — | — |
| EV / FCF | — | 33.94 | 8.94 | 18.90 | 50.81 | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 32.6% | 32.6% | 33.7% | 27.7% | 15.1% | 10.1% | 19.4% | 18.2% | 8.6% |
| Operating Margin | 19.6% | 19.6% | 21.6% | 23.5% | 8.9% | 4.5% | 13.3% | 12.7% | 0.2% |
| Net Profit Margin | 16.5% | 16.5% | 17.2% | 12.3% | 6.3% | 3.5% | 10.4% | 10.1% | -0.2% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | 29.6% | 29.6% | 38.9% | 41.5% | 24.1% | 10.6% | 36.2% | 40.1% | -0.4% |
| ROA | 16.1% | 16.1% | 17.8% | 15.6% | 9.8% | 5.4% | 16.6% | 20.1% | -0.3% |
| ROIC | 47.8% | 47.8% | 60.6% | 73.9% | 25.7% | 13.2% | 47.2% | 38.6% | 0.3% |
| ROCE | 27.5% | 27.5% | 33.8% | 46.2% | 23.1% | 12.8% | 42.5% | 47.0% | 0.3% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.02 | 0.02 | 0.02 | 0.17 | 0.31 | 0.01 | 0.01 | 0.02 | — |
| Debt / EBITDA | 0.07 | 0.07 | 0.05 | 0.29 | 0.87 | 0.06 | 0.03 | 0.03 | — |
| Net Debt / Equity | — | -0.45 | -0.45 | -0.31 | 0.04 | -0.05 | -0.41 | 0.01 | -0.04 |
| Net Debt / EBITDA | -1.43 | -1.43 | -1.12 | -0.52 | 0.12 | -0.32 | -1.06 | 0.01 | -0.73 |
| Debt / FCF | — | -2.04 | -1.18 | -0.72 | 0.20 | — | -2.04 | 0.01 | — |
| Interest Coverage | 273.14 | 273.14 | 50.48 | 44.99 | 92.70 | 2319.12 | 315.80 | — | — |
Net cash position: cash ($1.1B) exceeds total debt ($53M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.45 | 2.45 | 2.09 | 1.98 | 1.72 | 1.50 | 1.49 | 0.83 | 1.30 |
| Quick Ratio | 2.22 | 2.22 | 1.84 | 1.64 | 1.39 | 1.11 | 1.20 | 0.63 | 1.14 |
| Cash Ratio | 0.94 | 0.94 | 0.74 | 0.53 | 0.26 | 0.06 | 0.49 | 0.01 | 0.08 |
| Asset Turnover | — | 0.87 | 0.93 | 0.99 | 1.34 | 1.43 | 1.36 | 1.89 | 1.19 |
| Inventory Turnover | 9.15 | 9.15 | 7.55 | 5.90 | 9.65 | 7.22 | 8.61 | 13.10 | 21.93 |
| Days Sales Outstanding | — | 42.77 | 134.93 | 132.17 | 109.21 | 115.37 | 81.88 | 69.43 | 103.76 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | 266.5% | — | — |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.7% | 3.2% | 8.2% | 6.0% | 0.0% | — | — | — | — |
| FCF Yield | 4.1% | 2.8% | 9.9% | 5.1% | 2.0% | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 6.7% | 13.1% | — | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 6.7% | 13.1% | — | — | — | — |
| Shares Outstanding | — | $153M | $149M | $147M | $146M | $46M | $39M | $39M | $39M |
Includes 30+ ratios · 8 years · Updated daily
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Quick answers to the most common questions about buying NXT stock.
Nextpower Inc.'s current P/E ratio is 21.3x. The historical average is 20.1x. This places it at the 67th percentile of its historical range.
Nextpower Inc.'s current EV/EBITDA is 15.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 19.1x.
Nextpower Inc.'s return on equity (ROE) is 29.6%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 27.6%.
Based on historical data, Nextpower Inc. is trading at a P/E of 21.3x. This is at the 67th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Nextpower Inc. has 32.6% gross margin and 19.6% operating margin. Operating margin between 10-20% is typical for established companies.
Nextpower Inc.'s Debt/EBITDA ratio is 0.1x, indicating low leverage. A ratio below 2x is generally considered financially healthy.
Key Metrics
Top Statement Risk
Revenue volatility and margin compression
Metrics are mathematically derived from official filings.
Margin Expansion Stalls Amid Cost Growth
Gross margin improved to 35.9% in 2027Q1 from 29.7% in 2024Q4, but operating margin fell from 36.8% to 20.4% as SG&A and R&D outpaced revenue, per income statement data.
The gross margin gains suggest product mix or pricing improvements, yet the operating margin compression indicates that operating expenses are growing faster than revenue. This divergence implies that the company's cost structure is becoming less efficient, potentially eroding the benefits of higher gross margins. Investors should monitor whether this trend persists, as it may signal a structural shift in the company's ability to convert sales into operating profit.
Return on Capital Decelerates Sharply
ROIC dropped from 33.4% in 2024Q4 to 10.9% in 2027Q1, while ROE fell from 23.5% to 6.8%, indicating a significant decline in capital efficiency, based on quarterly ratio data.
The steep decline in ROIC and ROE suggests that the company is generating lower returns on its growing capital base. This could be due to increased investment in working capital and acquisitions, which have expanded assets faster than earnings. The trend warrants attention as it may indicate that the company is not deploying capital as effectively as before, potentially impacting long-term shareholder value.
Working Capital Efficiency Improves
Cash conversion cycle improved from 81 days in 2024Q4 to 1 day in 2027Q1, driven by a sharp drop in DSO from 100 to 43 days, as reported in quarterly financials.
The dramatic reduction in DSO suggests that the company is collecting receivables much faster, which has significantly shortened the cash conversion cycle. This improvement in working capital efficiency may indicate better customer payment terms or more disciplined collections. However, the DSO volatility across quarters (ranging from 43 to 128 days) suggests that this improvement may not be stable, and investors should monitor whether it persists.
Debt Eliminated, Leverage Minimal
Total debt fell to zero by 2027Q1, with D/E effectively nil and interest coverage at 754.57, indicating a fortress-like balance sheet, according to balance sheet data.
The elimination of debt and the high interest coverage ratio suggest that the company has minimal financial risk and ample capacity to service any future debt. This deleveraging appears to be a deliberate strategy, possibly to strengthen the balance sheet for future investments or acquisitions. However, the lack of debt also means the company is not leveraging its capital structure to enhance returns, which may be a consideration for investors seeking higher ROE.
Liquidity Buffer Strengthens
Current ratio improved from 1.98 in 2024Q4 to 2.69 in 2027Q1, with cash rising to $1.2B, indicating a robust liquidity position, per balance sheet data.
The strong current ratio and substantial cash reserves suggest that the company is well-positioned to meet short-term obligations and weather potential downturns. This liquidity cushion provides flexibility for strategic initiatives or to absorb operational shocks. However, the high cash balance also implies that the company may not be deploying its capital optimally, which could be a drag on returns.
P/E Misleads Due to Earnings Volatility
The trailing P/E of 26.8 appears reasonable, but earnings volatility—net margin swung from 27.9% to 14.4%—makes this multiple unreliable, as per quarterly data.
The P/E ratio is often used to gauge valuation, but for Nextpower, the earnings base is unstable due to one-time items and fluctuating margins. A more appropriate metric might be EV/EBITDA, which at 20.01 is elevated but forward EV/EBITDA of 8.79 suggests expected improvement. Investors should focus on forward multiples and cash flow-based valuations to better capture the company's earning power, given the erratic earnings history.