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

Nextpower Inc. is the larger business by last-quarter revenue ($909.4M vs $614.8M, roughly 1.5× EPLUS INC). Nextpower Inc. runs the higher net margin — 14.4% vs 5.7%, a 8.7% gap on every dollar of revenue. On growth, Nextpower Inc. posted the faster year-over-year revenue change (33.9% vs 20.3%). Over the past eight quarters, Nextpower Inc.'s revenue compounded faster (11.1% CAGR vs 2.3%).

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

ePlus Inc.(Nasdaq: PLUS) is an American consultative technology solutions provider that provides solutions and advisory and managed services across the technology spectrum, including security, cloud, networking, collaboration, artificial intelligence, and emerging solutions to more than 5,000 customers.

NXT vs PLUS — Head-to-Head

Bigger by revenue
NXT
NXT
1.5× larger
NXT
$909.4M
$614.8M
PLUS
Growing faster (revenue YoY)
NXT
NXT
+13.5% gap
NXT
33.9%
20.3%
PLUS
Higher net margin
NXT
NXT
8.7% more per $
NXT
14.4%
5.7%
PLUS
Faster 2-yr revenue CAGR
NXT
NXT
Annualised
NXT
11.1%
2.3%
PLUS

Income Statement — Q3 FY2026 vs Q3 FY2026

Metric
NXT
NXT
PLUS
PLUS
Revenue
$909.4M
$614.8M
Net Profit
$131.2M
$35.1M
Gross Margin
31.7%
25.8%
Operating Margin
19.4%
7.1%
Net Margin
14.4%
5.7%
Revenue YoY
33.9%
20.3%
Net Profit YoY
13.8%
45.2%
EPS (diluted)
$0.85
$1.33

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
NXT
NXT
PLUS
PLUS
Q4 25
$909.4M
$614.8M
Q3 25
$905.3M
$608.8M
Q2 25
$864.3M
$637.3M
Q1 25
$924.3M
Q4 24
$679.4M
$493.2M
Q3 24
$635.6M
$493.4M
Q2 24
$719.9M
$535.7M
Q1 24
$736.5M
Net Profit
NXT
NXT
PLUS
PLUS
Q4 25
$131.2M
$35.1M
Q3 25
$146.9M
$34.9M
Q2 25
$157.2M
$37.7M
Q1 25
$156.8M
Q4 24
$115.3M
$24.1M
Q3 24
$115.4M
$31.3M
Q2 24
$121.7M
$27.3M
Q1 24
$205.2M
Gross Margin
NXT
NXT
PLUS
PLUS
Q4 25
31.7%
25.8%
Q3 25
32.4%
26.6%
Q2 25
32.6%
23.3%
Q1 25
33.1%
Q4 24
35.5%
25.4%
Q3 24
35.4%
25.8%
Q2 24
33.0%
23.7%
Q1 24
46.2%
Operating Margin
NXT
NXT
PLUS
PLUS
Q4 25
19.4%
7.1%
Q3 25
20.0%
8.0%
Q2 25
21.5%
5.7%
Q1 25
21.1%
Q4 24
22.1%
3.3%
Q3 24
21.0%
5.5%
Q2 24
22.2%
5.9%
Q1 24
36.8%
Net Margin
NXT
NXT
PLUS
PLUS
Q4 25
14.4%
5.7%
Q3 25
16.2%
5.7%
Q2 25
18.2%
5.9%
Q1 25
17.0%
Q4 24
17.0%
4.9%
Q3 24
18.2%
6.3%
Q2 24
16.9%
5.1%
Q1 24
27.9%
EPS (diluted)
NXT
NXT
PLUS
PLUS
Q4 25
$0.85
$1.33
Q3 25
$0.97
$1.32
Q2 25
$1.04
$1.43
Q1 25
$1.05
Q4 24
$0.79
$0.91
Q3 24
$0.79
$1.17
Q2 24
$0.84
$1.02
Q1 24
$1.52

Balance Sheet & Financial Strength

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

Metric
NXT
NXT
PLUS
PLUS
Cash + ST InvestmentsLiquidity on hand
$952.6M
$326.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.2B
$1.1B
Total Assets
$3.8B
$1.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NXT
NXT
PLUS
PLUS
Q4 25
$952.6M
$326.3M
Q3 25
$845.3M
$402.2M
Q2 25
$743.4M
$480.2M
Q1 25
$766.1M
Q4 24
$693.5M
$253.1M
Q3 24
$561.9M
$187.5M
Q2 24
$471.9M
$349.9M
Q1 24
$474.1M
Stockholders' Equity
NXT
NXT
PLUS
PLUS
Q4 25
$2.2B
$1.1B
Q3 25
$2.0B
$1.0B
Q2 25
$1.8B
$1.0B
Q1 25
$1.6B
Q4 24
$1.4B
$962.3M
Q3 24
$1.3B
$947.0M
Q2 24
$1.1B
$921.9M
Q1 24
$961.0M
Total Assets
NXT
NXT
PLUS
PLUS
Q4 25
$3.8B
$1.8B
Q3 25
$3.7B
$1.8B
Q2 25
$3.4B
$1.8B
Q1 25
$3.2B
Q4 24
$3.0B
$1.8B
Q3 24
$2.8B
$1.7B
Q2 24
$2.6B
$1.7B
Q1 24
$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
NXT
NXT
PLUS
PLUS
Operating Cash FlowLast quarter
$123.3M
$-87.4M
Free Cash FlowOCF − Capex
$118.5M
FCF MarginFCF / Revenue
13.0%
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
0.94×
-2.49×
TTM Free Cash FlowTrailing 4 quarters
$587.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NXT
NXT
PLUS
PLUS
Q4 25
$123.3M
$-87.4M
Q3 25
$186.9M
$-34.8M
Q2 25
$81.3M
$-99.0M
Q1 25
$237.3M
Q4 24
$143.8M
$65.7M
Q3 24
$153.8M
$-21.6M
Q2 24
$120.8M
$97.1M
Q1 24
$111.5M
Free Cash Flow
NXT
NXT
PLUS
PLUS
Q4 25
$118.5M
Q3 25
$171.4M
Q2 25
$70.1M
Q1 25
$227.2M
Q4 24
$134.9M
Q3 24
$141.8M
Q2 24
$118.0M
Q1 24
$109.2M
FCF Margin
NXT
NXT
PLUS
PLUS
Q4 25
13.0%
Q3 25
18.9%
Q2 25
8.1%
Q1 25
24.6%
Q4 24
19.9%
Q3 24
22.3%
Q2 24
16.4%
Q1 24
14.8%
Capex Intensity
NXT
NXT
PLUS
PLUS
Q4 25
0.5%
Q3 25
1.7%
Q2 25
1.3%
Q1 25
1.1%
Q4 24
1.3%
Q3 24
1.9%
Q2 24
0.4%
Q1 24
0.3%
Cash Conversion
NXT
NXT
PLUS
PLUS
Q4 25
0.94×
-2.49×
Q3 25
1.27×
-1.00×
Q2 25
0.52×
-2.63×
Q1 25
1.51×
Q4 24
1.25×
2.72×
Q3 24
1.33×
-0.69×
Q2 24
0.99×
3.55×
Q1 24
0.54×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NXT
NXT

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

PLUS
PLUS

All Others Customer End Market$107.0M17%
Technology Customer End Market$89.4M15%
Health Care Customer End Market$81.5M13%
Financial Services Customer End Market$66.1M11%
Professional Services Reporting Unit$64.1M10%
Security$61.1M10%
State And Local Government And Educational Institutions$59.9M10%
Managed Services Reporting Unit$48.8M8%
Other Product$21.1M3%
Collaboration$13.4M2%

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