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Side-by-side financial comparison of Fabrinet (FN) and Nextpower Inc. (NXT). Click either name above to swap in a different company.

Fabrinet is the larger business by last-quarter revenue ($1.1B vs $909.4M, roughly 1.2× Nextpower Inc.). Nextpower Inc. runs the higher net margin — 14.4% vs 9.9%, a 4.5% gap on every dollar of revenue. On growth, Fabrinet posted the faster year-over-year revenue change (35.9% vs 33.9%). Nextpower Inc. produced more free cash flow last quarter ($118.5M vs $-5.3M). Over the past eight quarters, Fabrinet's revenue compounded faster (24.4% CAGR vs 11.1%).

Below is a list of companies having stocks that are included in the S&P MidCap 400 stock market index. The index, maintained by S&P Dow Jones Indices, comprises the common stocks of 400 mid-cap, mostly American, companies. Although called the S&P 400, the index sometimes contains more than 400 stocks when it includes two or more share classes of stock from one of its component companies.

Nextpower Inc. (NXT) is a global energy technology provider based in Fremont, California.

FN vs NXT — Head-to-Head

Bigger by revenue
FN
FN
1.2× larger
FN
$1.1B
$909.4M
NXT
Growing faster (revenue YoY)
FN
FN
+2.0% gap
FN
35.9%
33.9%
NXT
Higher net margin
NXT
NXT
4.5% more per $
NXT
14.4%
9.9%
FN
More free cash flow
NXT
NXT
$123.9M more FCF
NXT
$118.5M
$-5.3M
FN
Faster 2-yr revenue CAGR
FN
FN
Annualised
FN
24.4%
11.1%
NXT

Income Statement — Q2 FY2026 vs Q3 FY2026

Metric
FN
FN
NXT
NXT
Revenue
$1.1B
$909.4M
Net Profit
$112.6M
$131.2M
Gross Margin
12.2%
31.7%
Operating Margin
10.1%
19.4%
Net Margin
9.9%
14.4%
Revenue YoY
35.9%
33.9%
Net Profit YoY
30.0%
13.8%
EPS (diluted)
$3.11
$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.

Revenue
FN
FN
NXT
NXT
Q4 25
$1.1B
$909.4M
Q3 25
$978.1M
$905.3M
Q2 25
$909.7M
$864.3M
Q1 25
$871.8M
$924.3M
Q4 24
$833.6M
$679.4M
Q3 24
$804.2M
$635.6M
Q2 24
$753.3M
$719.9M
Q1 24
$731.5M
$736.5M
Net Profit
FN
FN
NXT
NXT
Q4 25
$112.6M
$131.2M
Q3 25
$95.9M
$146.9M
Q2 25
$87.2M
$157.2M
Q1 25
$81.3M
$156.8M
Q4 24
$86.6M
$115.3M
Q3 24
$77.4M
$115.4M
Q2 24
$81.1M
$121.7M
Q1 24
$80.9M
$205.2M
Gross Margin
FN
FN
NXT
NXT
Q4 25
12.2%
31.7%
Q3 25
11.9%
32.4%
Q2 25
12.2%
32.6%
Q1 25
11.7%
33.1%
Q4 24
12.1%
35.5%
Q3 24
12.3%
35.4%
Q2 24
12.3%
33.0%
Q1 24
12.4%
46.2%
Operating Margin
FN
FN
NXT
NXT
Q4 25
10.1%
19.4%
Q3 25
9.6%
20.0%
Q2 25
9.8%
21.5%
Q1 25
9.0%
21.1%
Q4 24
9.5%
22.1%
Q3 24
9.6%
21.0%
Q2 24
9.7%
22.2%
Q1 24
9.7%
36.8%
Net Margin
FN
FN
NXT
NXT
Q4 25
9.9%
14.4%
Q3 25
9.8%
16.2%
Q2 25
9.6%
18.2%
Q1 25
9.3%
17.0%
Q4 24
10.4%
17.0%
Q3 24
9.6%
18.2%
Q2 24
10.8%
16.9%
Q1 24
11.1%
27.9%
EPS (diluted)
FN
FN
NXT
NXT
Q4 25
$3.11
$0.85
Q3 25
$2.66
$0.97
Q2 25
$2.41
$1.04
Q1 25
$2.25
$1.05
Q4 24
$2.38
$0.79
Q3 24
$2.13
$0.79
Q2 24
$2.22
$0.84
Q1 24
$2.21
$1.52

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FN
FN
NXT
NXT
Cash + ST InvestmentsLiquidity on hand
$960.8M
$952.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.2B
$2.2B
Total Assets
$3.3B
$3.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FN
FN
NXT
NXT
Q4 25
$960.8M
$952.6M
Q3 25
$968.8M
$845.3M
Q2 25
$934.2M
$743.4M
Q1 25
$950.7M
$766.1M
Q4 24
$934.6M
$693.5M
Q3 24
$908.9M
$561.9M
Q2 24
$858.6M
$471.9M
Q1 24
$794.0M
$474.1M
Stockholders' Equity
FN
FN
NXT
NXT
Q4 25
$2.2B
$2.2B
Q3 25
$2.1B
$2.0B
Q2 25
$2.0B
$1.8B
Q1 25
$1.9B
$1.6B
Q4 24
$1.8B
$1.4B
Q3 24
$1.8B
$1.3B
Q2 24
$1.7B
$1.1B
Q1 24
$1.7B
$961.0M
Total Assets
FN
FN
NXT
NXT
Q4 25
$3.3B
$3.8B
Q3 25
$3.0B
$3.7B
Q2 25
$2.8B
$3.4B
Q1 25
$2.6B
$3.2B
Q4 24
$2.5B
$3.0B
Q3 24
$2.4B
$2.8B
Q2 24
$2.3B
$2.6B
Q1 24
$2.2B
$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
FN
FN
NXT
NXT
Operating Cash FlowLast quarter
$46.3M
$123.3M
Free Cash FlowOCF − Capex
$-5.3M
$118.5M
FCF MarginFCF / Revenue
-0.5%
13.0%
Capex IntensityCapex / Revenue
4.6%
0.5%
Cash ConversionOCF / Net Profit
0.41×
0.94×
TTM Free Cash FlowTrailing 4 quarters
$102.3M
$587.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FN
FN
NXT
NXT
Q4 25
$46.3M
$123.3M
Q3 25
$102.6M
$186.9M
Q2 25
$55.1M
$81.3M
Q1 25
$74.2M
$237.3M
Q4 24
$115.9M
$143.8M
Q3 24
$83.2M
$153.8M
Q2 24
$83.1M
$120.8M
Q1 24
$100.9M
$111.5M
Free Cash Flow
FN
FN
NXT
NXT
Q4 25
$-5.3M
$118.5M
Q3 25
$57.3M
$171.4M
Q2 25
$4.7M
$70.1M
Q1 25
$45.7M
$227.2M
Q4 24
$94.0M
$134.9M
Q3 24
$62.9M
$141.8M
Q2 24
$70.4M
$118.0M
Q1 24
$87.3M
$109.2M
FCF Margin
FN
FN
NXT
NXT
Q4 25
-0.5%
13.0%
Q3 25
5.9%
18.9%
Q2 25
0.5%
8.1%
Q1 25
5.2%
24.6%
Q4 24
11.3%
19.9%
Q3 24
7.8%
22.3%
Q2 24
9.3%
16.4%
Q1 24
11.9%
14.8%
Capex Intensity
FN
FN
NXT
NXT
Q4 25
4.6%
0.5%
Q3 25
4.6%
1.7%
Q2 25
5.5%
1.3%
Q1 25
3.3%
1.1%
Q4 24
2.6%
1.3%
Q3 24
2.5%
1.9%
Q2 24
1.7%
0.4%
Q1 24
1.9%
0.3%
Cash Conversion
FN
FN
NXT
NXT
Q4 25
0.41×
0.94×
Q3 25
1.07×
1.27×
Q2 25
0.63×
0.52×
Q1 25
0.91×
1.51×
Q4 24
1.34×
1.25×
Q3 24
1.07×
1.33×
Q2 24
1.02×
0.99×
Q1 24
1.25×
0.54×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FN
FN

Optical Communications$832.6M73%
Non Optical Communications$300.3M27%

NXT
NXT

Transferred Over Time$763.9M84%
Transferred At Point In Time$145.4M16%

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