vs
Side-by-side financial comparison of CLOVER HEALTH INVESTMENTS, CORP. (CLOV) and Nextpower Inc. (NXT). Click either name above to swap in a different company.
Nextpower Inc. is the larger business by last-quarter revenue ($909.4M vs $487.7M, roughly 1.9× CLOVER HEALTH INVESTMENTS, CORP.). Nextpower Inc. runs the higher net margin — 14.4% vs -10.1%, a 24.5% gap on every dollar of revenue. On growth, CLOVER HEALTH INVESTMENTS, CORP. posted the faster year-over-year revenue change (44.7% vs 33.9%). Nextpower Inc. produced more free cash flow last quarter ($118.5M vs $-69.0M). Over the past eight quarters, CLOVER HEALTH INVESTMENTS, CORP.'s revenue compounded faster (18.6% CAGR vs 11.1%).
Clover Health Investments, Corp. is an American health care company founded in 2014. The company provides Medicare Advantage (MA) insurance plans and operates as a direct contracting entity with the U.S. government. The company manages care for Medicare beneficiaries in 11 states and started trading publicly on January 8, 2021.
Nextpower Inc. (NXT) is a global energy technology provider based in Fremont, California.
CLOV vs NXT — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $487.7M | $909.4M |
| Net Profit | $-49.3M | $131.2M |
| Gross Margin | — | 31.7% |
| Operating Margin | -10.1% | 19.4% |
| Net Margin | -10.1% | 14.4% |
| Revenue YoY | 44.7% | 33.9% |
| Net Profit YoY | -123.2% | 13.8% |
| EPS (diluted) | — | $0.85 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $487.7M | $909.4M | ||
| Q3 25 | $496.6M | $905.3M | ||
| Q2 25 | $477.6M | $864.3M | ||
| Q1 25 | $462.3M | $924.3M | ||
| Q4 24 | $337.0M | $679.4M | ||
| Q3 24 | $331.0M | $635.6M | ||
| Q2 24 | $356.3M | $719.9M | ||
| Q1 24 | $346.9M | $736.5M |
| Q4 25 | $-49.3M | $131.2M | ||
| Q3 25 | $-24.4M | $146.9M | ||
| Q2 25 | $-10.6M | $157.2M | ||
| Q1 25 | $-1.3M | $156.8M | ||
| Q4 24 | $-22.1M | $115.3M | ||
| Q3 24 | $-9.2M | $115.4M | ||
| Q2 24 | $7.4M | $121.7M | ||
| Q1 24 | $-19.2M | $205.2M |
| Q4 25 | — | 31.7% | ||
| Q3 25 | — | 32.4% | ||
| Q2 25 | — | 32.6% | ||
| Q1 25 | — | 33.1% | ||
| Q4 24 | — | 35.5% | ||
| Q3 24 | 24.5% | 35.4% | ||
| Q2 24 | 30.3% | 33.0% | ||
| Q1 24 | 23.6% | 46.2% |
| Q4 25 | -10.1% | 19.4% | ||
| Q3 25 | -4.9% | 20.0% | ||
| Q2 25 | -2.2% | 21.5% | ||
| Q1 25 | -0.3% | 21.1% | ||
| Q4 24 | -6.4% | 22.1% | ||
| Q3 24 | -2.7% | 21.0% | ||
| Q2 24 | 2.0% | 22.2% | ||
| Q1 24 | -6.5% | 36.8% |
| Q4 25 | -10.1% | 14.4% | ||
| Q3 25 | -4.9% | 16.2% | ||
| Q2 25 | -2.2% | 18.2% | ||
| Q1 25 | -0.3% | 17.0% | ||
| Q4 24 | -6.6% | 17.0% | ||
| Q3 24 | -2.8% | 18.2% | ||
| Q2 24 | 2.1% | 16.9% | ||
| Q1 24 | -5.5% | 27.9% |
| Q4 25 | — | $0.85 | ||
| Q3 25 | — | $0.97 | ||
| Q2 25 | — | $1.04 | ||
| Q1 25 | — | $1.05 | ||
| Q4 24 | — | $0.79 | ||
| Q3 24 | — | $0.79 | ||
| Q2 24 | — | $0.84 | ||
| Q1 24 | — | $1.52 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $78.3M | $952.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $308.7M | $2.2B |
| Total Assets | $541.0M | $3.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $78.3M | $952.6M | ||
| Q3 25 | — | $845.3M | ||
| Q2 25 | — | $743.4M | ||
| Q1 25 | — | $766.1M | ||
| Q4 24 | $194.5M | $693.5M | ||
| Q3 24 | $288.0M | $561.9M | ||
| Q2 24 | $254.8M | $471.9M | ||
| Q1 24 | $208.3M | $474.1M |
| Q4 25 | $308.7M | $2.2B | ||
| Q3 25 | $340.9M | $2.0B | ||
| Q2 25 | $344.2M | $1.8B | ||
| Q1 25 | $336.1M | $1.6B | ||
| Q4 24 | $341.1M | $1.4B | ||
| Q3 24 | $342.2M | $1.3B | ||
| Q2 24 | $324.9M | $1.1B | ||
| Q1 24 | $292.5M | $961.0M |
| Q4 25 | $541.0M | $3.8B | ||
| Q3 25 | $559.7M | $3.7B | ||
| Q2 25 | $575.0M | $3.4B | ||
| Q1 25 | $583.7M | $3.2B | ||
| Q4 24 | $580.7M | $3.0B | ||
| Q3 24 | $653.0M | $2.8B | ||
| Q2 24 | $674.2M | $2.6B | ||
| Q1 24 | $671.8M | $2.5B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-66.9M | $123.3M |
| Free Cash FlowOCF − Capex | $-69.0M | $118.5M |
| FCF MarginFCF / Revenue | -14.1% | 13.0% |
| Capex IntensityCapex / Revenue | 0.4% | 0.5% |
| Cash ConversionOCF / Net Profit | — | 0.94× |
| TTM Free Cash FlowTrailing 4 quarters | $-69.2M | $587.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-66.9M | $123.3M | ||
| Q3 25 | $12.1M | $186.9M | ||
| Q2 25 | $5.4M | $81.3M | ||
| Q1 25 | $-16.3M | $237.3M | ||
| Q4 24 | $34.8M | $143.8M | ||
| Q3 24 | $50.0M | $153.8M | ||
| Q2 24 | $44.8M | $120.8M | ||
| Q1 24 | $25.9M | $111.5M |
| Q4 25 | $-69.0M | $118.5M | ||
| Q3 25 | $11.4M | $171.4M | ||
| Q2 25 | $4.8M | $70.1M | ||
| Q1 25 | $-16.5M | $227.2M | ||
| Q4 24 | $33.3M | $134.9M | ||
| Q3 24 | $49.6M | $141.8M | ||
| Q2 24 | $44.4M | $118.0M | ||
| Q1 24 | $25.5M | $109.2M |
| Q4 25 | -14.1% | 13.0% | ||
| Q3 25 | 2.3% | 18.9% | ||
| Q2 25 | 1.0% | 8.1% | ||
| Q1 25 | -3.6% | 24.6% | ||
| Q4 24 | 9.9% | 19.9% | ||
| Q3 24 | 15.0% | 22.3% | ||
| Q2 24 | 12.5% | 16.4% | ||
| Q1 24 | 7.3% | 14.8% |
| Q4 25 | 0.4% | 0.5% | ||
| Q3 25 | 0.1% | 1.7% | ||
| Q2 25 | 0.1% | 1.3% | ||
| Q1 25 | 0.0% | 1.1% | ||
| Q4 24 | 0.5% | 1.3% | ||
| Q3 24 | 0.1% | 1.9% | ||
| Q2 24 | 0.1% | 0.4% | ||
| Q1 24 | 0.1% | 0.3% |
| Q4 25 | — | 0.94× | ||
| Q3 25 | — | 1.27× | ||
| Q2 25 | — | 0.52× | ||
| Q1 25 | — | 1.51× | ||
| Q4 24 | — | 1.25× | ||
| Q3 24 | — | 1.33× | ||
| Q2 24 | 6.04× | 0.99× | ||
| Q1 24 | — | 0.54× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLOV
Segment breakdown not available.
NXT
| Transferred Over Time | $763.9M | 84% |
| Transferred At Point In Time | $145.4M | 16% |
