Nextpower - Public Comps and Valuation Multiples

Nextpower Overview

About Nextpower

Nextracker (and its subsidiaries) is a leading provider of intelligent, integrated solar tracker and software solutions used in utility-scale and distributed generation solar projects around the world. Nextracker’s products enable solar panels in utility-scale power plants to follow the sun’s movement across the sky and optimize plant performance. Nextracker has operations in the United States, Mexico, Spain and other countries in Europe, India, Australia, the Middle East, Africa, and Brazil.

Founded

2022

HQ

Employees

1.3K+

Website

nextpower.com

Sectors

Solar
Energy & Utilities Software
EnergyTech
Industry 4.0
DeepTech
ClimateTech
B2B SaaS

Financials

LTM Revenue $3.3B

LTM EBITDA $792M

EV

$12.5B

Valuation Multiples

Multiples.vc

Valuation Multiples for 15K+ Public Comps

Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.

Browse Valuation Multiples

Nextpower Financials

As of October 2025, Nextpower reported last 12-month revenue of $3.3B and EBITDA of $792M.

In the same period, Nextpower generated $1.1B in LTM gross profit and $639M in net income.

See Nextpower valuation multiples based on analyst estimates

Nextpower P&L

In the most recent fiscal year, Nextpower reported revenue of $3.0B and EBITDA of $675M.

Nextpower expects next 12-month revenue of XXX and NTM EBITDA of XXX

See Nextpower valuation multiples based on analyst estimates

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Revenue	$3.3B	XXX	$3.0B	XXX	XXX	XXX
Gross Profit	$1.1B	XXX	$1.0B	XXX	XXX	XXX
Gross Margin	33%	XXX	34%	XXX	XXX	XXX
EBITDA	$792M	XXX	$675M	XXX	XXX	XXX
EBITDA Margin	24%	XXX	23%	XXX	XXX	XXX
EBIT	$655M	XXX	$639M	XXX	XXX	XXX
EBIT Margin	20%	XXX	22%	XXX	XXX	XXX
Net Profit	$639M	XXX	$509M	XXX	XXX	XXX
Net Margin	20%	XXX	17%	XXX	XXX	XXX
Net Debt	XXX	XXX	n/a	XXX	XXX	XXX

Financial data powered by Morningstar, Inc.

.seo-only-financials-wrapper { position: static; left: auto; width: auto; height: auto; overflow: visible; }

Financial performance metrics for Nextpower including revenue, profitability, and margin analysis across different time periods. The company reported last twelve months revenue of $3.3B. EBITDA for the last twelve months was $792M. In the most recent fiscal year, Nextpower achieved $3.0B in revenue and $675M in EBITDA.
Financial Metric	Last Twelve Months (LTM)	Next Twelve Months (NTM)	Most Recent Fiscal Year	Current Fiscal Year (2025)	Next Fiscal Year (2026)	Two Years Forward (2027)
Total Revenue	$3.3B	Analyst estimates available to subscribers	$3.0B	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit	$1.1B	Analyst estimates available to subscribers	$1.0B	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit Margin	32.9% gross margin	Analyst estimates available to subscribers	34.1% gross profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA (Earnings Before Interest, Taxes, Depreciation, Amortization)	$792M	Analyst estimates available to subscribers	$675M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA Margin	24.2% EBITDA margin	Analyst estimates available to subscribers	22.8% EBITDA margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT (Earnings Before Interest and Taxes)	$655M	Analyst estimates available to subscribers	$639M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT Margin	20.0% EBIT margin	Analyst estimates available to subscribers	21.6% EBIT margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Income (Net Profit)	$639M	Analyst estimates available to subscribers	$509M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Profit Margin	19.5% net profit margin	Analyst estimates available to subscribers	17.2% net profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Debt Position	Detailed debt information available to subscribers	Detailed debt information available to subscribers	n/a	Detailed debt information available to subscribers	Detailed debt information available to subscribers	Detailed debt information available to subscribers

Financial Performance Summary for Nextpower

This financial data table provides comprehensive performance metrics for Nextpower, a company based in United States of America. The metrics include revenue, profitability measures, and operational efficiency indicators across multiple time periods.

Recent Performance Highlights

Nextpower generated $3.3B in revenue over the last twelve months.
The company achieved $792M in EBITDA over the last twelve months.
Gross profit for the last twelve months was $1.1B.
Net income over the last twelve months reached $639M.

Fiscal Year Performance

In the most recent fiscal year, Nextpower reported $3.0B in total revenue.
Fiscal year EBITDA was $675M.
The company maintained a gross profit margin of 34.1% in the most recent fiscal year.
EBITDA margin for the fiscal year was 22.8%.
Net profit margin reached 17.2% in the most recent fiscal year.

This financial data is sourced from Morningstar, Inc. and represents the most recent available information for Nextpower. Forward-looking estimates and detailed financial projections are available through our premium subscription service.

Nextpower Stock Performance

Nextpower has current market cap of $13.1B, and EV of $12.5B.

Market Cap Evolution

Nextpower Stock Data

As of November 25, 2025, Nextpower's stock price is $88.

See Nextpower trading valuation data

EV	Market Cap	Price 1D	Price 1M	Price 3M	Price 12M	EPS
$12.5B	$13.1B	XXX	XXX	XXX	XXX	$4.24

Benchmark Trading Valuation Multiples by Industry

Sign up to access valuation multiples like growth-adjusted P/E, next 12-month EV/Revenue, EBITDA multiples by industry and many more

Start Free Trial

Nextpower Valuation Multiples

Nextpower's trades at 4.4x EV/Revenue multiple, and 18.9x EV/EBITDA.

See valuation multiples for Nextpower and 15K+ public comps

Nextpower Financial Valuation Multiples

As of November 25, 2025, Nextpower has market cap of $13.1B and EV of $12.5B.

Equity research analysts estimate Nextpower's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Nextpower has a P/E ratio of 20.4x.

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Market cap (current)	$13.1B	XXX	$13.1B	XXX	XXX	XXX
EV (current)	$12.5B	XXX	$12.5B	XXX	XXX	XXX
EV/Revenue	3.8x	XXX	4.4x	XXX	XXX	XXX
EV/EBITDA	15.8x	XXX	18.9x	XXX	XXX	XXX
EV/EBIT	19.1x	XXX	20.0x	XXX	XXX	XXX
EV/Gross Profit	11.6x	XXX	n/a	XXX	XXX	XXX
P/E	20.4x	XXX	28.5x	XXX	XXX	XXX
EV/FCF	23.7x	XXX	21.9x	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Get Nextpower Valuation Multiples

Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.

Start Free Trial

Nextpower Margins & Growth Rates

Nextpower's last 12 month revenue growth is 13%

Nextpower's revenue per employee in the last FY averaged $2.3M, while opex per employee averaged $0.3M for the same period.

Nextpower's rule of 40 is 36% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Nextpower's rule of X is 56% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

See operational valuation multiples for Nextpower and other 15K+ public comps

Nextpower Operational Valuation Multiples

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Revenue Growth	13%	XXX	15%	XXX	XXX	XXX
EBITDA Margin	24%	XXX	23%	XXX	XXX	XXX
EBITDA Growth	9%	XXX	15%	XXX	XXX	XXX
Rule of 40	36%	XXX	36%	XXX	XXX	XXX
Bessemer Rule of X	XXX	XXX	56%	XXX	XXX	XXX
Revenue per Employee	XXX	XXX	$2.3M	XXX	XXX	XXX
Opex per Employee	XXX	XXX	$0.3M	XXX	XXX	XXX
S&M Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
G&A Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
R&D Expenses to Revenue	XXX	XXX	3%	XXX	XXX	XXX
Opex to Revenue	XXX	XXX	12%	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 220+ Verticals

Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!

Digital Therapeutics

Pharma Analytics

Private Equity

ERP Software

Developer Tools

Consumer SaaS

Streaming Platforms

Explore Valuation Multiples by Industry

Start Free Trial