TPIC vs. NXT
Compare and contrast key facts about TPI Composites, Inc. (TPIC) and Nextracker Inc (NXT).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TPIC or NXT.
Correlation
The correlation between TPIC and NXT 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
TPIC vs. NXT - Performance Comparison
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Key characteristics
TPIC:
-0.49
NXT:
0.50
TPIC:
-0.56
NXT:
1.22
TPIC:
0.94
NXT:
1.13
TPIC:
-0.74
NXT:
0.55
TPIC:
-1.25
NXT:
0.87
TPIC:
58.34%
NXT:
31.02%
TPIC:
144.03%
NXT:
65.15%
TPIC:
-99.13%
NXT:
-48.61%
TPIC:
-98.54%
NXT:
-5.28%
Fundamentals
TPIC:
$55.95M
NXT:
$8.75B
TPIC:
-$4.15
NXT:
$3.47
TPIC:
0.76
NXT:
6.42
TPIC:
0.04
NXT:
2.96
TPIC:
4.98
NXT:
5.24
TPIC:
$1.37B
NXT:
$2.96B
TPIC:
-$39.27M
NXT:
$1.01B
TPIC:
-$70.11M
NXT:
$668.57M
Returns By Period
In the year-to-date period, TPIC achieves a -39.15% return, which is significantly lower than NXT's 59.70% return.
TPIC
-39.15%
58.60%
-44.17%
-70.89%
-56.61%
-43.86%
N/A
NXT
59.70%
44.76%
55.86%
31.99%
N/A
N/A
N/A
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Risk-Adjusted Performance
TPIC vs. NXT — Risk-Adjusted Performance Rank
TPIC
NXT
TPIC vs. NXT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for TPI Composites, Inc. (TPIC) 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
TPIC vs. NXT - Dividend Comparison
Neither TPIC nor NXT has paid dividends to shareholders.
Drawdowns
TPIC vs. NXT - Drawdown Comparison
The maximum TPIC drawdown since its inception was -99.13%, which is greater than NXT's maximum drawdown of -48.61%. Use the drawdown chart below to compare losses from any high point for TPIC and NXT. For additional features, visit the drawdowns tool.
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Volatility
TPIC vs. NXT - Volatility Comparison
TPI Composites, Inc. (TPIC) has a higher volatility of 27.19% compared to Nextracker Inc (NXT) at 19.01%. This indicates that TPIC'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.
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Financials
TPIC vs. NXT - Financials Comparison
This section allows you to compare key financial metrics between TPI Composites, 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
TPIC vs. NXT - Profitability Comparison
TPIC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, TPI Composites, Inc. reported a gross profit of -13.95M and revenue of 336.16M. Therefore, the gross margin over that period was -4.2%.
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%.
TPIC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, TPI Composites, Inc. reported an operating income of -22.79M and revenue of 336.16M, resulting in an operating margin of -6.8%.
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%.
TPIC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, TPI Composites, Inc. reported a net income of -48.31M and revenue of 336.16M, resulting in a net margin of -14.4%.
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%.