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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
1.3K+
LTM Revenue $3.0B
LTM EBITDA $773M
$7.8B
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 (LTM) of $3.0B and a last 12-month EBITDA of $773M.
In the most recent fiscal year, Nextracker achieved revenue of $3.0B and an EBITDA of $675M.
Nextracker expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Nextracker valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $3.0B | XXX | $3.0B | XXX | XXX | XXX |
| Gross Profit | $1.0B | XXX | $1.0B | XXX | XXX | XXX |
| Gross Margin | 34% | XXX | 34% | XXX | XXX | XXX |
| EBITDA | $773M | XXX | $675M | XXX | XXX | XXX |
| EBITDA Margin | 26% | XXX | 23% | XXX | XXX | XXX |
| EBIT | $637M | XXX | $639M | XXX | XXX | XXX |
| EBIT Margin | 21% | XXX | 22% | XXX | XXX | XXX |
| Net Profit | $624M | XXX | $509M | XXX | XXX | XXX |
| Net Margin | 21% | XXX | 17% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
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As of May 30, 2025, Nextracker's stock price is $57.
Nextracker has current market cap of $8.4B, and EV of $7.8B.
See Nextracker trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $7.8B | $8.4B | XXX | XXX | XXX | XXX | $4.16 |
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Start Free TrialAs of May 30, 2025, Nextracker has market cap of $8.4B and EV of $7.8B.
Nextracker's trades at 2.8x EV/Revenue multiple, and 11.8x EV/EBITDA.
Equity research analysts estimate Nextracker's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Nextracker has a P/E ratio of 13.5x.
See valuation multiples for Nextracker and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $8.4B | XXX | $8.4B | XXX | XXX | XXX |
| EV (current) | $7.8B | XXX | $7.8B | XXX | XXX | XXX |
| EV/Revenue | 2.6x | XXX | 2.8x | XXX | XXX | XXX |
| EV/EBITDA | 10.1x | XXX | 11.8x | XXX | XXX | XXX |
| EV/EBIT | 12.3x | XXX | 12.5x | XXX | XXX | XXX |
| EV/Gross Profit | 7.5x | XXX | n/a | XXX | XXX | XXX |
| P/E | 13.5x | XXX | 18.3x | XXX | XXX | XXX |
| EV/FCF | 14.4x | XXX | 13.7x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialNextracker's last 12 month revenue growth is 12%
Nextracker's revenue per employee in the last FY averaged $2.3M, while opex per employee averaged $0.3M for the same period.
Nextracker's rule of 40 is 35% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Nextracker's rule of X is 55% (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 Nextracker and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 12% | XXX | 12% | XXX | XXX | XXX |
| EBITDA Margin | 26% | XXX | 23% | XXX | XXX | XXX |
| EBITDA Growth | 0% | XXX | 12% | XXX | XXX | XXX |
| Rule of 40 | 35% | XXX | 35% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 55% | 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 |
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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 |
Valuation data powered by FactSet, Inc.
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 |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Start Free Trial| 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 1.3K+ 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 $8.4B |
| What is the current revenue of Nextracker? | Nextracker's last 12 months revenue is $3.0B. |
| What is the current revenue growth of Nextracker? | Nextracker revenue growth (NTM/LTM) is 12%. |
| What is the current EV/Revenue multiple of Nextracker? | Current revenue multiple of Nextracker is 2.6x. |
| Is Nextracker profitable? | Yes, Nextracker is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Nextracker? | Nextracker's last 12 months EBITDA is $773M. |
| What is Nextracker's EBITDA margin? | Nextracker's last 12 months EBITDA margin is 26%. |
| What is the current EV/EBITDA multiple of Nextracker? | Current EBITDA multiple of Nextracker is 10.1x. |
| What is the current FCF of Nextracker? | Nextracker's last 12 months FCF is $545M. |
| What is Nextracker's FCF margin? | Nextracker's last 12 months FCF margin is 18%. |
| What is the current EV/FCF multiple of Nextracker? | Current FCF multiple of Nextracker is 14.4x. |
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