ARRY vs. NXT
Compare and contrast key facts about Array Technologies, Inc. (ARRY) and Nextracker Inc (NXT).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ARRY or NXT.
Correlation
The correlation between ARRY and NXT is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
ARRY vs. NXT - Performance Comparison
Key characteristics
ARRY:
-0.74
NXT:
0.00
ARRY:
-1.03
NXT:
0.49
ARRY:
0.88
NXT:
1.05
ARRY:
-0.68
NXT:
0.00
ARRY:
-1.26
NXT:
0.00
ARRY:
49.84%
NXT:
31.06%
ARRY:
84.94%
NXT:
59.36%
ARRY:
-92.20%
NXT:
-48.61%
ARRY:
-90.13%
NXT:
-28.11%
Fundamentals
ARRY:
$765.62M
NXT:
$6.37B
ARRY:
-$1.95
NXT:
$4.05
ARRY:
0.62
NXT:
3.70
ARRY:
0.84
NXT:
2.25
ARRY:
5.03
NXT:
4.31
ARRY:
$762.40M
NXT:
$2.03B
ARRY:
$233.71M
NXT:
$703.14M
ARRY:
-$209.99M
NXT:
$473.26M
Returns By Period
In the year-to-date period, ARRY achieves a -16.56% return, which is significantly lower than NXT's 19.28% return.
ARRY
-16.56%
16.40%
-15.15%
-62.36%
N/A
N/A
NXT
19.28%
13.57%
5.14%
-4.89%
N/A
N/A
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Risk-Adjusted Performance
ARRY vs. NXT — Risk-Adjusted Performance Rank
ARRY
NXT
ARRY vs. NXT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Array Technologies, Inc. (ARRY) and Nextracker Inc (NXT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
ARRY vs. NXT - Dividend Comparison
Neither ARRY nor NXT has paid dividends to shareholders.
Drawdowns
ARRY vs. NXT - Drawdown Comparison
The maximum ARRY drawdown since its inception was -92.20%, which is greater than NXT's maximum drawdown of -48.61%. Use the drawdown chart below to compare losses from any high point for ARRY and NXT. For additional features, visit the drawdowns tool.
Volatility
ARRY vs. NXT - Volatility Comparison
Array Technologies, Inc. (ARRY) has a higher volatility of 27.55% compared to Nextracker Inc (NXT) at 15.43%. This indicates that ARRY's price experiences larger fluctuations and is considered to be riskier than NXT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Financials
ARRY vs. NXT - Financials Comparison
This section allows you to compare key financial metrics between Array Technologies, Inc. and Nextracker Inc. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
ARRY vs. NXT - Profitability Comparison
ARRY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Array Technologies, Inc. reported a gross profit of 78.32M and revenue of 275.23M. Therefore, the gross margin over that period was 28.5%.
NXT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Nextracker Inc reported a gross profit of 240.90M and revenue of 679.36M. Therefore, the gross margin over that period was 35.5%.
ARRY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Array Technologies, Inc. reported an operating income of -142.35M and revenue of 275.23M, resulting in an operating margin of -51.7%.
NXT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Nextracker Inc reported an operating income of 150.24M and revenue of 679.36M, resulting in an operating margin of 22.1%.
ARRY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Array Technologies, Inc. reported a net income of -126.90M and revenue of 275.23M, resulting in a net margin of -46.1%.
NXT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Nextracker Inc reported a net income of 115.28M and revenue of 679.36M, resulting in a net margin of 17.0%.