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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.
2022
1.1K+
LTM Revenue $2.9B
LTM EBITDA $725M
$5.4B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
NEXTracker has a last 12-month revenue of $2.9B and a last 12-month EBITDA of $725M.
In the most recent fiscal year, NEXTracker achieved revenue of $2.5B and an EBITDA of $626M.
NEXTracker expects next 12-month revenue of XXX and NTM EBITDA of XXX
See NEXTracker valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $1.9B | $2.5B | XXX | XXX | XXX |
| Gross Profit | $147M | $287M | XXX | XXX | XXX |
| Gross Margin | 8% | 11% | XXX | XXX | XXX |
| EBITDA | $173M | $626M | XXX | XXX | XXX |
| EBITDA Margin | 9% | 25% | XXX | XXX | XXX |
| Net Profit | $50.9M | $119M | XXX | XXX | XXX |
| Net Margin | 3% | 5% | XXX | XXX | XXX |
| Net Debt | n/a | $17.1M | XXX | XXX | XXX |
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As of April 15, 2025, NEXTracker's stock price is $41.
NEXTracker has current market cap of $5.9B, and EV of $5.4B.
See NEXTracker trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $5.4B | $5.9B | XXX | XXX | XXX | XXX | $3.82 |
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Sign UpAs of April 15, 2025, NEXTracker has market cap of $5.9B and EV of $5.4B.
NEXTracker's trades at 1.9x LTM EV/Revenue multiple, and 7.4x LTM EBITDA.
Analysts estimate NEXTracker's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for NEXTracker and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $5.4B | XXX | XXX | XXX |
| EV/Revenue | 1.9x | XXX | XXX | XXX |
| EV/EBITDA | 7.7x | XXX | XXX | XXX |
| P/E | 11.8x | XXX | XXX | XXX |
| P/E/Growth | 1.4x | XXX | XXX | XXX |
| EV/FCF | 11.3x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpNEXTracker's NTM/LTM revenue growth is 11%
NEXTracker's revenue per employee for the last fiscal year averaged $2.4M, while opex per employee averaged $0.2M for the same period.
Over next 12 months, NEXTracker's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate NEXTracker's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for NEXTracker and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 31% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 25% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 262% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 36% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $2.4M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.2M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 2% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 9% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Public Power Corporation | XXX | XXX | XXX | XXX | XXX | XXX |
| Banpu Power | XXX | XXX | XXX | XXX | XXX | XXX |
| Gulf Energy Development | XXX | XXX | XXX | XXX | XXX | XXX |
| Torrent Power | XXX | XXX | XXX | XXX | XXX | XXX |
| Reliance Power | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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NEXTracker acquired XXX companies to date.
Last acquisition by NEXTracker was XXXXXXXX, XXXXX XXXXX XXXXXX . NEXTracker acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was NEXTracker founded? | NEXTracker was founded in 2022. |
| Where is NEXTracker headquartered? | NEXTracker is headquartered in United States of America. |
| How many employees does NEXTracker have? | As of today, NEXTracker has 1.1K+ employees. |
| Who is the CEO of NEXTracker? | NEXTracker's CEO is Mr. Daniel S. Shugar. |
| Is NEXTracker publicy listed? | Yes, NEXTracker is a public company listed on NAS. |
| What is the stock symbol of NEXTracker? | NEXTracker trades under NXT ticker. |
| When did NEXTracker go public? | NEXTracker went public in 2023. |
| Who are competitors of NEXTracker? | Similar companies to NEXTracker include e.g. Public Power Corporation, Banpu Power, Gulf Energy Development, Torrent Power. |
| What is the current market cap of NEXTracker? | NEXTracker's current market cap is $5.9B |
| What is the current revenue of NEXTracker? | NEXTracker's last 12-month revenue is $2.9B. |
| What is the current EBITDA of NEXTracker? | NEXTracker's last 12-month EBITDA is $725M. |
| What is the current EV/Revenue multiple of NEXTracker? | Current revenue multiple of NEXTracker is 1.9x. |
| What is the current EV/EBITDA multiple of NEXTracker? | Current EBITDA multiple of NEXTracker is 7.4x. |
| What is the current revenue growth of NEXTracker? | NEXTracker revenue growth between 2023 and 2024 was 31%. |
| Is NEXTracker profitable? | Yes, NEXTracker is EBITDA-positive (as of the last 12 months). |
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