NVMI vs. NXT
Compare and contrast key facts about Nova Ltd (NVMI) and Nextracker Inc (NXT).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVMI or NXT.
Correlation
The correlation between NVMI and NXT is -0.60. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
NVMI vs. NXT - Performance Comparison
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Key characteristics
NVMI:
68.14%
NXT:
30.11%
NVMI:
-8.57%
NXT:
0.00%
NVMI:
-8.57%
NXT:
0.00%
Fundamentals
NVMI:
$5.37B
NXT:
$6.87B
NVMI:
$5.74
NXT:
$4.05
NVMI:
31.97
NXT:
11.49
NVMI:
0.00
NXT:
4.08
NVMI:
7.22
NXT:
2.48
NVMI:
5.79
NXT:
4.76
NVMI:
$530.60M
NXT:
$2.03B
NVMI:
$303.83M
NXT:
$703.14M
NVMI:
$167.08M
NXT:
$473.26M
Returns By Period
NVMI
N/A
N/A
N/A
N/A
N/A
N/A
NXT
N/A
N/A
N/A
N/A
N/A
N/A
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Risk-Adjusted Performance
NVMI vs. NXT — Risk-Adjusted Performance Rank
NVMI
NXT
NVMI vs. NXT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nova Ltd (NVMI) 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.
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Dividends
NVMI vs. NXT - Dividend Comparison
Neither NVMI nor NXT has paid dividends to shareholders.
Drawdowns
NVMI vs. NXT - Drawdown Comparison
The maximum NVMI drawdown since its inception was -8.57%, which is greater than NXT's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for NVMI and NXT. For additional features, visit the drawdowns tool.
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Volatility
NVMI vs. NXT - Volatility Comparison
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Financials
NVMI vs. NXT - Financials Comparison
This section allows you to compare key financial metrics between Nova Ltd 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
NVMI vs. NXT - Profitability Comparison
NVMI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Nova Ltd reported a gross profit of 109.93M and revenue of 194.77M. Therefore, the gross margin over that period was 56.4%.
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%.
NVMI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Nova Ltd reported an operating income of 55.47M and revenue of 194.77M, resulting in an operating margin of 28.5%.
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%.
NVMI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Nova Ltd reported a net income of 50.48M and revenue of 194.77M, resulting in a net margin of 25.9%.
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%.