NVMI vs. NXT

Last updated Apr 1, 2026

Compare and contrast key facts about Nova Ltd (NVMI) and Nextracker Inc (NXT).

Performance

NVMI vs. NXT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nova Ltd (NVMI) and Nextracker Inc (NXT). The values are adjusted to include any dividend payments, if applicable.

NVMI vs. NXT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
NVMI Nova Ltd	32.25%	66.74%	43.35%	46.93%
NXT Nextracker Inc	38.39%	138.46%	-22.03%	53.81%

Fundamentals

Market Cap NVMI : $14.69B NXT : $18.56B
EPS NVMI : $7.91 NXT : $3.89
PE Ratio NVMI : 54.92 NXT : 31.01
PEG Ratio NVMI : 1.90 NXT : 0.01
PS Ratio NVMI : 16.17 NXT : 5.09
PB Ratio NVMI : 11.14 NXT : 8.63
Total Revenue (TTM) NVMI : $880.58M NXT : $3.60B
Gross Profit (TTM) NVMI : $505.20M NXT : $1.17B
EBITDA (TTM) NVMI : $285.37M NXT : $760.61M

Returns By Period

In the year-to-date period, NVMI achieves a 32.25% return, which is significantly lower than NXT's 38.39% return.

NVMI

• 1D: 5.09%
• 1M: -1.04%
• YTD: 32.25%
• 6M: 35.86%
• 1Y: 135.60%
• 3Y*: 60.79%
• 5Y*: 35.35%
• 10Y*: 45.24%

NXT

• 1D: 7.15%
• 1M: 14.70%
• YTD: 38.39%
• 6M: 62.93%
• 1Y: 186.07%
• 3Y*: 49.25%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

NVMI vs. NXT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NVMI

NVMI Risk / Return Rank: 93
NVMI Sharpe Ratio Rank: 94
NVMI Sortino Ratio Rank: 90
NVMI Omega Ratio Rank: 88
NVMI Calmar Ratio Rank: 96
NVMI Martin Ratio Rank: 96

NXT

NXT Risk / Return Rank: 95
NXT Sharpe Ratio Rank: 97
NXT Sortino Ratio Rank: 95
NXT Omega Ratio Rank: 91
NXT Calmar Ratio Rank: 97
NXT Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NVMI vs. NXT - Risk-Adjusted Trends 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.

	NVMI	NXT	Difference
Sharpe ratio Return per unit of total volatility	2.49	3.10	-0.60
Sortino ratio Return per unit of downside risk	2.79	3.41	-0.63
Omega ratio Gain probability vs. loss probability	1.36	1.41	-0.05
Calmar ratio Return relative to maximum drawdown	6.17	7.71	-1.54
Martin ratio Return relative to average drawdown	17.09	17.09	0.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NVMI vs. NXT - Sharpe Ratio Comparison

The current NVMI Sharpe Ratio is 2.49, which is comparable to the NXT Sharpe Ratio of 3.10. The chart below compares the historical Sharpe Ratios of NVMI and NXT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NVMI	NXT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.49	3.10	-0.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.07	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	0.94	-0.74

Correlation

The correlation between NVMI and NXT is 0.30, 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.

Dividends

NVMI vs. NXT - Dividend Comparison

Neither NVMI nor NXT has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

NVMI vs. NXT - Drawdown Comparison

The maximum NVMI drawdown since its inception was -98.22%, which is greater than NXT's maximum drawdown of -48.61%. Use the drawdown chart below to compare losses from any high point for NVMI and NXT.

Drawdown Indicators

	NVMI	NXT	Difference
Max Drawdown Largest peak-to-trough decline	-98.22%	-48.61%	-49.61%
Max Drawdown (1Y) Largest decline over 1 year	-21.56%	-23.27%	+1.71%
Max Drawdown (5Y) Largest decline over 5 years	-52.76%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-52.76%	—	—
Current Drawdown Current decline from peak	-12.73%	-7.57%	-5.16%
Average Drawdown Average peak-to-trough decline	-52.12%	-15.68%	-36.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.78%	10.50%	-2.72%

Volatility

NVMI vs. NXT - Volatility Comparison

The current volatility for Nova Ltd (NVMI) is 16.92%, while Nextracker Inc (NXT) has a volatility of 20.01%. This indicates that NVMI experiences smaller price fluctuations and is considered to be less risky than NXT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVMI	NXT	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.92%	20.01%	-3.09%
Volatility (6M) Calculated over the trailing 6-month period	37.98%	45.14%	-7.16%
Volatility (1Y) Calculated over the trailing 1-year period	54.75%	60.57%	-5.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.15%	59.29%	-13.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.47%	59.29%	-16.82%

Financials

NVMI vs. NXT - Profitability Comparison

The chart below illustrates the profitability comparison between Nova Ltd and Nextracker Inc over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

NVMI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Nova Ltd reported a gross profit of 128.23M and revenue of 222.62M. Therefore, the gross margin over that period was 57.6%.

NXT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Nextracker Inc reported a gross profit of 288.13M and revenue of 909.35M. Therefore, the gross margin over that period was 31.7%.

NVMI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Nova Ltd reported an operating income of 60.73M and revenue of 222.62M, resulting in an operating margin of 27.3%.

NXT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Nextracker Inc reported an operating income of 176.11M and revenue of 909.35M, resulting in an operating margin of 19.4%.

NVMI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Nova Ltd reported a net income of 64.69M and revenue of 222.62M, resulting in a net margin of 29.1%.

NXT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Nextracker Inc reported a net income of 131.24M and revenue of 909.35M, resulting in a net margin of 14.4%.