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

MKS INC is the larger business by last-quarter revenue ($1.0B vs $909.4M, roughly 1.1× Nextpower Inc.). Nextpower Inc. runs the higher net margin — 14.4% vs 10.3%, a 4.1% gap on every dollar of revenue. On growth, Nextpower Inc. posted the faster year-over-year revenue change (33.9% vs 10.6%). Nextpower Inc. produced more free cash flow last quarter ($118.5M vs $92.0M). Over the past eight quarters, Nextpower Inc.'s revenue compounded faster (11.1% CAGR vs 9.1%).

MKS, Inc is a subsidiary of PTC, Inc. It was previously a multinational independent software vendor that was acquired by Parametric Technology Corporation on May 31, 2011. MKS operated in the Application Lifecycle Management (ALM) and Systems Administration market segments.

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

MKSI vs NXT — Head-to-Head

Bigger by revenue
MKSI
MKSI
1.1× larger
MKSI
$1.0B
$909.4M
NXT
Growing faster (revenue YoY)
NXT
NXT
+23.3% gap
NXT
33.9%
10.6%
MKSI
Higher net margin
NXT
NXT
4.1% more per $
NXT
14.4%
10.3%
MKSI
More free cash flow
NXT
NXT
$26.5M more FCF
NXT
$118.5M
$92.0M
MKSI
Faster 2-yr revenue CAGR
NXT
NXT
Annualised
NXT
11.1%
9.1%
MKSI

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
MKSI
MKSI
NXT
NXT
Revenue
$1.0B
$909.4M
Net Profit
$107.0M
$131.2M
Gross Margin
46.3%
31.7%
Operating Margin
13.9%
19.4%
Net Margin
10.3%
14.4%
Revenue YoY
10.6%
33.9%
Net Profit YoY
18.9%
13.8%
EPS (diluted)
$1.58
$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
MKSI
MKSI
NXT
NXT
Q4 25
$1.0B
$909.4M
Q3 25
$988.0M
$905.3M
Q2 25
$973.0M
$864.3M
Q1 25
$936.0M
$924.3M
Q4 24
$935.0M
$679.4M
Q3 24
$896.0M
$635.6M
Q2 24
$887.0M
$719.9M
Q1 24
$868.0M
$736.5M
Net Profit
MKSI
MKSI
NXT
NXT
Q4 25
$107.0M
$131.2M
Q3 25
$74.0M
$146.9M
Q2 25
$62.0M
$157.2M
Q1 25
$52.0M
$156.8M
Q4 24
$90.0M
$115.3M
Q3 24
$62.0M
$115.4M
Q2 24
$23.0M
$121.7M
Q1 24
$15.0M
$205.2M
Gross Margin
MKSI
MKSI
NXT
NXT
Q4 25
46.3%
31.7%
Q3 25
46.7%
32.4%
Q2 25
46.6%
32.6%
Q1 25
47.4%
33.1%
Q4 24
47.3%
35.5%
Q3 24
48.2%
35.4%
Q2 24
47.2%
33.0%
Q1 24
47.8%
46.2%
Operating Margin
MKSI
MKSI
NXT
NXT
Q4 25
13.9%
19.4%
Q3 25
14.0%
20.0%
Q2 25
13.9%
21.5%
Q1 25
11.9%
21.1%
Q4 24
14.7%
22.1%
Q3 24
14.3%
21.0%
Q2 24
14.3%
22.2%
Q1 24
12.2%
36.8%
Net Margin
MKSI
MKSI
NXT
NXT
Q4 25
10.3%
14.4%
Q3 25
7.5%
16.2%
Q2 25
6.4%
18.2%
Q1 25
5.6%
17.0%
Q4 24
9.6%
17.0%
Q3 24
6.9%
18.2%
Q2 24
2.6%
16.9%
Q1 24
1.7%
27.9%
EPS (diluted)
MKSI
MKSI
NXT
NXT
Q4 25
$1.58
$0.85
Q3 25
$1.10
$0.97
Q2 25
$0.92
$1.04
Q1 25
$0.77
$1.05
Q4 24
$1.34
$0.79
Q3 24
$0.92
$0.79
Q2 24
$0.33
$0.84
Q1 24
$0.22
$1.52

Balance Sheet & Financial Strength

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

Metric
MKSI
MKSI
NXT
NXT
Cash + ST InvestmentsLiquidity on hand
$418.0M
$952.6M
Total DebtLower is stronger
$4.2B
Stockholders' EquityBook value
$2.7B
$2.2B
Total Assets
$8.8B
$3.8B
Debt / EquityLower = less leverage
1.53×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MKSI
MKSI
NXT
NXT
Q4 25
$418.0M
$952.6M
Q3 25
$413.0M
$845.3M
Q2 25
$498.0M
$743.4M
Q1 25
$407.0M
$766.1M
Q4 24
$420.0M
$693.5M
Q3 24
$439.0M
$561.9M
Q2 24
$506.0M
$471.9M
Q1 24
$1.0M
$474.1M
Total Debt
MKSI
MKSI
NXT
NXT
Q4 25
$4.2B
Q3 25
$4.3B
Q2 25
$4.4B
Q1 25
$4.4B
Q4 24
$4.5B
Q3 24
$4.8B
Q2 24
$4.8B
Q1 24
$4.7B
Stockholders' Equity
MKSI
MKSI
NXT
NXT
Q4 25
$2.7B
$2.2B
Q3 25
$2.6B
$2.0B
Q2 25
$2.6B
$1.8B
Q1 25
$2.4B
$1.6B
Q4 24
$2.3B
$1.4B
Q3 24
$2.4B
$1.3B
Q2 24
$2.2B
$1.1B
Q1 24
$2.4B
$961.0M
Total Assets
MKSI
MKSI
NXT
NXT
Q4 25
$8.8B
$3.8B
Q3 25
$8.8B
$3.7B
Q2 25
$8.8B
$3.4B
Q1 25
$8.6B
$3.2B
Q4 24
$8.6B
$3.0B
Q3 24
$9.0B
$2.8B
Q2 24
$8.9B
$2.6B
Q1 24
$8.9B
$2.5B
Debt / Equity
MKSI
MKSI
NXT
NXT
Q4 25
1.53×
Q3 25
1.64×
Q2 25
1.71×
Q1 25
1.87×
Q4 24
1.93×
Q3 24
1.98×
Q2 24
2.16×
Q1 24
1.94×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MKSI
MKSI
NXT
NXT
Operating Cash FlowLast quarter
$142.0M
$123.3M
Free Cash FlowOCF − Capex
$92.0M
$118.5M
FCF MarginFCF / Revenue
8.9%
13.0%
Capex IntensityCapex / Revenue
4.8%
0.5%
Cash ConversionOCF / Net Profit
1.33×
0.94×
TTM Free Cash FlowTrailing 4 quarters
$497.0M
$587.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MKSI
MKSI
NXT
NXT
Q4 25
$142.0M
$123.3M
Q3 25
$197.0M
$186.9M
Q2 25
$165.0M
$81.3M
Q1 25
$141.0M
$237.3M
Q4 24
$176.0M
$143.8M
Q3 24
$163.0M
$153.8M
Q2 24
$122.0M
$120.8M
Q1 24
$67.0M
$111.5M
Free Cash Flow
MKSI
MKSI
NXT
NXT
Q4 25
$92.0M
$118.5M
Q3 25
$146.0M
$171.4M
Q2 25
$136.0M
$70.1M
Q1 25
$123.0M
$227.2M
Q4 24
$125.0M
$134.9M
Q3 24
$141.0M
$141.8M
Q2 24
$95.0M
$118.0M
Q1 24
$49.0M
$109.2M
FCF Margin
MKSI
MKSI
NXT
NXT
Q4 25
8.9%
13.0%
Q3 25
14.8%
18.9%
Q2 25
14.0%
8.1%
Q1 25
13.1%
24.6%
Q4 24
13.4%
19.9%
Q3 24
15.7%
22.3%
Q2 24
10.7%
16.4%
Q1 24
5.6%
14.8%
Capex Intensity
MKSI
MKSI
NXT
NXT
Q4 25
4.8%
0.5%
Q3 25
5.2%
1.7%
Q2 25
3.0%
1.3%
Q1 25
1.9%
1.1%
Q4 24
5.5%
1.3%
Q3 24
2.5%
1.9%
Q2 24
3.0%
0.4%
Q1 24
2.1%
0.3%
Cash Conversion
MKSI
MKSI
NXT
NXT
Q4 25
1.33×
0.94×
Q3 25
2.66×
1.27×
Q2 25
2.66×
0.52×
Q1 25
2.71×
1.51×
Q4 24
1.96×
1.25×
Q3 24
2.63×
1.33×
Q2 24
5.30×
0.99×
Q1 24
4.47×
0.54×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MKSI
MKSI

Electronics And Packaging$303.0M29%
Specialty Industrial$295.0M29%
Photonics Solutions Division$274.0M26%
Services$125.0M12%
Other$37.0M4%

NXT
NXT

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

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