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Side-by-side financial comparison of Nextpower Inc. (NXT) and T1 Energy Inc. (TE). Click either name above to swap in a different company.
Nextpower Inc. is the larger business by last-quarter revenue ($909.4M vs $210.5M, roughly 4.3× T1 Energy Inc.). Nextpower Inc. runs the higher net margin — 14.4% vs -62.0%, a 76.4% gap on every dollar of revenue. Nextpower Inc. produced more free cash flow last quarter ($118.5M vs $55.0M).
Nextpower Inc. (NXT) is a global energy technology provider based in Fremont, California.
Sony Energy Devices Corporation , is a Japanese multinational company specializing in a variety of areas in the energy industry, and is a wholly owned subsidiary and part of the Devices Group of Sony. The company was established in February 1975 in Fukushima, Japan.
NXT vs TE — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $909.4M | $210.5M |
| Net Profit | $131.2M | $-130.6M |
| Gross Margin | 31.7% | 10.0% |
| Operating Margin | 19.4% | -45.0% |
| Net Margin | 14.4% | -62.0% |
| Revenue YoY | 33.9% | — |
| Net Profit YoY | 13.8% | -375.2% |
| EPS (diluted) | $0.85 | $-0.87 |
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 | $909.4M | — | ||
| Q3 25 | $905.3M | $210.5M | ||
| Q2 25 | $864.3M | $132.8M | ||
| Q1 25 | $924.3M | $53.5M | ||
| Q4 24 | $679.4M | — | ||
| Q3 24 | $635.6M | $0 | ||
| Q2 24 | $719.9M | $0 | ||
| Q1 24 | $736.5M | $0 |
| Q4 25 | $131.2M | — | ||
| Q3 25 | $146.9M | $-130.6M | ||
| Q2 25 | $157.2M | $-31.9M | ||
| Q1 25 | $156.8M | $-16.2M | ||
| Q4 24 | $115.3M | — | ||
| Q3 24 | $115.4M | $-27.5M | ||
| Q2 24 | $121.7M | $-27.0M | ||
| Q1 24 | $205.2M | $-28.5M |
| Q4 25 | 31.7% | — | ||
| Q3 25 | 32.4% | 10.0% | ||
| Q2 25 | 32.6% | 24.7% | ||
| Q1 25 | 33.1% | 33.3% | ||
| Q4 24 | 35.5% | — | ||
| Q3 24 | 35.4% | — | ||
| Q2 24 | 33.0% | — | ||
| Q1 24 | 46.2% | — |
| Q4 25 | 19.4% | — | ||
| Q3 25 | 20.0% | -45.0% | ||
| Q2 25 | 21.5% | -22.0% | ||
| Q1 25 | 21.1% | -44.2% | ||
| Q4 24 | 22.1% | — | ||
| Q3 24 | 21.0% | — | ||
| Q2 24 | 22.2% | — | ||
| Q1 24 | 36.8% | — |
| Q4 25 | 14.4% | — | ||
| Q3 25 | 16.2% | -62.0% | ||
| Q2 25 | 18.2% | -24.0% | ||
| Q1 25 | 17.0% | -30.4% | ||
| Q4 24 | 17.0% | — | ||
| Q3 24 | 18.2% | — | ||
| Q2 24 | 16.9% | — | ||
| Q1 24 | 27.9% | — |
| Q4 25 | $0.85 | — | ||
| Q3 25 | $0.97 | $-0.87 | ||
| Q2 25 | $1.04 | $-0.21 | ||
| Q1 25 | $1.05 | $-0.11 | ||
| Q4 24 | $0.79 | — | ||
| Q3 24 | $0.79 | $-0.20 | ||
| Q2 24 | $0.84 | $-0.19 | ||
| Q1 24 | $1.52 | $-0.20 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $952.6M | $34.1M |
| Total DebtLower is stronger | — | $547.3M |
| Stockholders' EquityBook value | $2.2B | $96.9M |
| Total Assets | $3.8B | $1.4B |
| Debt / EquityLower = less leverage | — | 5.65× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $952.6M | — | ||
| Q3 25 | $845.3M | $34.1M | ||
| Q2 25 | $743.4M | $8.5M | ||
| Q1 25 | $766.1M | $48.9M | ||
| Q4 24 | $693.5M | — | ||
| Q3 24 | $561.9M | $181.9M | ||
| Q2 24 | $471.9M | $219.6M | ||
| Q1 24 | $474.1M | $249.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | $547.3M | ||
| Q2 25 | — | $591.2M | ||
| Q1 25 | — | $603.2M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $602.3M |
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.0B | $96.9M | ||
| Q2 25 | $1.8B | $183.9M | ||
| Q1 25 | $1.6B | $201.9M | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.3B | $538.7M | ||
| Q2 24 | $1.1B | $561.6M | ||
| Q1 24 | $961.0M | $582.3M |
| Q4 25 | $3.8B | — | ||
| Q3 25 | $3.7B | $1.4B | ||
| Q2 25 | $3.4B | $1.4B | ||
| Q1 25 | $3.2B | $1.4B | ||
| Q4 24 | $3.0B | — | ||
| Q3 24 | $2.8B | $615.0M | ||
| Q2 24 | $2.6B | $644.4M | ||
| Q1 24 | $2.5B | $670.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | 5.65× | ||
| Q2 25 | — | 3.21× | ||
| Q1 25 | — | 2.99× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.03× |
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 | $123.3M | $63.9M |
| Free Cash FlowOCF − Capex | $118.5M | $55.0M |
| FCF MarginFCF / Revenue | 13.0% | 26.1% |
| Capex IntensityCapex / Revenue | 0.5% | 4.2% |
| Cash ConversionOCF / Net Profit | 0.94× | — |
| TTM Free Cash FlowTrailing 4 quarters | $587.3M | $-42.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $123.3M | — | ||
| Q3 25 | $186.9M | $63.9M | ||
| Q2 25 | $81.3M | $33.4M | ||
| Q1 25 | $237.3M | $-44.8M | ||
| Q4 24 | $143.8M | — | ||
| Q3 24 | $153.8M | $-28.4M | ||
| Q2 24 | $120.8M | $-28.0M | ||
| Q1 24 | $111.5M | $-16.2M |
| Q4 25 | $118.5M | — | ||
| Q3 25 | $171.4M | $55.0M | ||
| Q2 25 | $70.1M | $10.6M | ||
| Q1 25 | $227.2M | $-74.0M | ||
| Q4 24 | $134.9M | — | ||
| Q3 24 | $141.8M | $-34.0M | ||
| Q2 24 | $118.0M | $-35.6M | ||
| Q1 24 | $109.2M | $-37.7M |
| Q4 25 | 13.0% | — | ||
| Q3 25 | 18.9% | 26.1% | ||
| Q2 25 | 8.1% | 8.0% | ||
| Q1 25 | 24.6% | -138.4% | ||
| Q4 24 | 19.9% | — | ||
| Q3 24 | 22.3% | — | ||
| Q2 24 | 16.4% | — | ||
| Q1 24 | 14.8% | — |
| Q4 25 | 0.5% | — | ||
| Q3 25 | 1.7% | 4.2% | ||
| Q2 25 | 1.3% | 17.2% | ||
| Q1 25 | 1.1% | 54.5% | ||
| Q4 24 | 1.3% | — | ||
| Q3 24 | 1.9% | — | ||
| Q2 24 | 0.4% | — | ||
| Q1 24 | 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 | 0.99× | — | ||
| Q1 24 | 0.54× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NXT
| Transferred Over Time | $763.9M | 84% |
| Transferred At Point In Time | $145.4M | 16% |
TE
| Related Party | $120.1M | 57% |
| Nonrelated Party | $90.4M | 43% |
