NXT vs. NVMI
Compare and contrast key facts about Nextracker Inc (NXT) and Nova Ltd (NVMI).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NXT or NVMI.
Correlation
The correlation between NXT and NVMI is 0.36, 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
NXT vs. NVMI - Performance Comparison
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Key characteristics
NXT:
0.51
NVMI:
-0.12
NXT:
1.39
NVMI:
0.35
NXT:
1.15
NVMI:
1.05
NXT:
0.71
NVMI:
-0.07
NXT:
1.12
NVMI:
-0.15
NXT:
31.02%
NVMI:
19.40%
NXT:
65.03%
NVMI:
59.62%
NXT:
-48.61%
NVMI:
-98.22%
NXT:
-4.22%
NVMI:
-30.99%
Fundamentals
NXT:
$8.61B
NVMI:
$5.59B
NXT:
$3.47
NVMI:
$6.64
NXT:
16.81
NVMI:
28.64
NXT:
6.31
NVMI:
0.00
NXT:
2.91
NVMI:
7.52
NXT:
5.15
NVMI:
5.74
NXT:
$2.96B
NVMI:
$743.95M
NXT:
$1.01B
NVMI:
$426.13M
NXT:
$668.57M
NVMI:
$231.46M
Returns By Period
In the year-to-date period, NXT achieves a 61.48% return, which is significantly higher than NVMI's -4.11% return.
NXT
61.48%
46.38%
62.06%
32.86%
N/A
N/A
N/A
NVMI
-4.11%
7.53%
6.72%
-7.16%
24.17%
33.12%
31.57%
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Risk-Adjusted Performance
NXT vs. NVMI — Risk-Adjusted Performance Rank
NXT
NVMI
NXT vs. NVMI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nextracker Inc (NXT) and Nova Ltd (NVMI). 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
NXT vs. NVMI - Dividend Comparison
Neither NXT nor NVMI has paid dividends to shareholders.
Drawdowns
NXT vs. NVMI - Drawdown Comparison
The maximum NXT drawdown since its inception was -48.61%, smaller than the maximum NVMI drawdown of -98.22%. Use the drawdown chart below to compare losses from any high point for NXT and NVMI. For additional features, visit the drawdowns tool.
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Volatility
NXT vs. NVMI - Volatility Comparison
Nextracker Inc (NXT) has a higher volatility of 18.48% compared to Nova Ltd (NVMI) at 15.59%. This indicates that NXT's price experiences larger fluctuations and is considered to be riskier than NVMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
NXT vs. NVMI - Financials Comparison
This section allows you to compare key financial metrics between Nextracker Inc and Nova Ltd. 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
NXT vs. NVMI - Profitability Comparison
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 305.69M and revenue of 924.34M. Therefore, the gross margin over that period was 33.1%.
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 122.30M and revenue of 213.36M. Therefore, the gross margin over that period was 57.3%.
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 195.31M and revenue of 924.34M, resulting in an operating margin of 21.1%.
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 63.23M and revenue of 213.36M, resulting in an operating margin of 29.6%.
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 156.79M and revenue of 924.34M, resulting in a net margin of 17.0%.
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 64.82M and revenue of 213.36M, resulting in a net margin of 30.4%.