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Side-by-side financial comparison of Nextpower Inc. (NXT) and WATSCO INC (WSO). Click either name above to swap in a different company.
WATSCO INC is the larger business by last-quarter revenue ($1.5B vs $909.4M, roughly 1.7× Nextpower Inc.). Nextpower Inc. runs the higher net margin — 14.4% vs 6.1%, a 8.4% gap on every dollar of revenue. On growth, Nextpower Inc. posted the faster year-over-year revenue change (33.9% vs 0.1%). Over the past eight quarters, Nextpower Inc.'s revenue compounded faster (11.1% CAGR vs -15.3%).
Nextpower Inc. (NXT) is a global energy technology provider based in Fremont, California.
Watsco, Inc. is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies (HVAC/R) in the United States. Watsco was founded more than 60 years ago as a manufacturer of parts, components, and tools used in the HVAC/R industry. In 1989, the company shifted from manufacturing to distribution, by acquiring Gemaire Distributors Inc., a South Florida-based Rheem distributor.
NXT vs WSO — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $909.4M | $1.5B |
| Net Profit | $131.2M | $92.9M |
| Gross Margin | 31.7% | 27.9% |
| Operating Margin | 19.4% | 7.2% |
| Net Margin | 14.4% | 6.1% |
| Revenue YoY | 33.9% | 0.1% |
| Net Profit YoY | 13.8% | -1.7% |
| 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.
| Q1 26 | — | $1.5B | ||
| Q4 25 | $909.4M | $1.6B | ||
| Q3 25 | $905.3M | $2.1B | ||
| Q2 25 | $864.3M | $2.1B | ||
| Q1 25 | $924.3M | $1.5B | ||
| Q4 24 | $679.4M | $1.8B | ||
| Q3 24 | $635.6M | $2.2B | ||
| Q2 24 | $719.9M | $2.1B |
| Q1 26 | — | $92.9M | ||
| Q4 25 | $131.2M | $71.7M | ||
| Q3 25 | $146.9M | $161.6M | ||
| Q2 25 | $157.2M | $183.6M | ||
| Q1 25 | $156.8M | $80.1M | ||
| Q4 24 | $115.3M | $96.8M | ||
| Q3 24 | $115.4M | $171.0M | ||
| Q2 24 | $121.7M | $181.4M |
| Q1 26 | — | 27.9% | ||
| Q4 25 | 31.7% | 27.1% | ||
| Q3 25 | 32.4% | 27.5% | ||
| Q2 25 | 32.6% | 29.3% | ||
| Q1 25 | 33.1% | 28.1% | ||
| Q4 24 | 35.5% | 26.7% | ||
| Q3 24 | 35.4% | 26.2% | ||
| Q2 24 | 33.0% | 27.1% |
| Q1 26 | — | 7.2% | ||
| Q4 25 | 19.4% | 6.4% | ||
| Q3 25 | 20.0% | 11.4% | ||
| Q2 25 | 21.5% | 13.2% | ||
| Q1 25 | 21.1% | 7.3% | ||
| Q4 24 | 22.1% | 7.8% | ||
| Q3 24 | 21.0% | 11.6% | ||
| Q2 24 | 22.2% | 12.6% |
| Q1 26 | — | 6.1% | ||
| Q4 25 | 14.4% | 4.5% | ||
| Q3 25 | 16.2% | 7.8% | ||
| Q2 25 | 18.2% | 8.9% | ||
| Q1 25 | 17.0% | 5.2% | ||
| Q4 24 | 17.0% | 5.5% | ||
| Q3 24 | 18.2% | 7.9% | ||
| Q2 24 | 16.9% | 8.5% |
| Q1 26 | — | — | ||
| Q4 25 | $0.85 | $1.82 | ||
| Q3 25 | $0.97 | $3.98 | ||
| Q2 25 | $1.04 | $4.52 | ||
| Q1 25 | $1.05 | $1.93 | ||
| Q4 24 | $0.79 | $2.42 | ||
| Q3 24 | $0.79 | $4.22 | ||
| Q2 24 | $0.84 | $4.49 |
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 | $392.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.2B | $3.2B |
| Total Assets | $3.8B | $4.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $392.7M | ||
| Q4 25 | $952.6M | $733.3M | ||
| Q3 25 | $845.3M | $524.3M | ||
| Q2 25 | $743.4M | $293.0M | ||
| Q1 25 | $766.1M | $431.8M | ||
| Q4 24 | $693.5M | $781.9M | ||
| Q3 24 | $561.9M | $550.0M | ||
| Q2 24 | $471.9M | $424.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | $361.6M | ||
| Q3 25 | — | $340.8M | ||
| Q2 25 | — | $338.7M | ||
| Q1 25 | — | $346.4M | ||
| Q4 24 | — | $337.2M | ||
| Q3 24 | — | $321.0M | ||
| Q2 24 | — | $307.1M |
| Q1 26 | — | $3.2B | ||
| Q4 25 | $2.2B | $2.8B | ||
| Q3 25 | $2.0B | $2.8B | ||
| Q2 25 | $1.8B | $2.8B | ||
| Q1 25 | $1.6B | $2.7B | ||
| Q4 24 | $1.4B | $2.7B | ||
| Q3 24 | $1.3B | $2.7B | ||
| Q2 24 | $1.1B | $2.6B |
| Q1 26 | — | $4.6B | ||
| Q4 25 | $3.8B | $4.4B | ||
| Q3 25 | $3.7B | $4.6B | ||
| Q2 25 | $3.4B | $4.7B | ||
| Q1 25 | $3.2B | $4.5B | ||
| Q4 24 | $3.0B | $4.5B | ||
| Q3 24 | $2.8B | $4.5B | ||
| Q2 24 | $2.6B | $4.4B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.13× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.12× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | — | 0.13× | ||
| Q3 24 | — | 0.12× | ||
| Q2 24 | — | 0.12× |
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 | — |
| Free Cash FlowOCF − Capex | $118.5M | — |
| FCF MarginFCF / Revenue | 13.0% | — |
| Capex IntensityCapex / Revenue | 0.5% | — |
| Cash ConversionOCF / Net Profit | 0.94× | — |
| TTM Free Cash FlowTrailing 4 quarters | $587.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $123.3M | $399.8M | ||
| Q3 25 | $186.9M | $354.9M | ||
| Q2 25 | $81.3M | $-7.4M | ||
| Q1 25 | $237.3M | $-177.6M | ||
| Q4 24 | $143.8M | $378.9M | ||
| Q3 24 | $153.8M | $232.8M | ||
| Q2 24 | $120.8M | $57.7M |
| Q1 26 | — | — | ||
| Q4 25 | $118.5M | $388.5M | ||
| Q3 25 | $171.4M | $346.1M | ||
| Q2 25 | $70.1M | $-14.3M | ||
| Q1 25 | $227.2M | $-185.2M | ||
| Q4 24 | $134.9M | $370.9M | ||
| Q3 24 | $141.8M | $223.0M | ||
| Q2 24 | $118.0M | $51.3M |
| Q1 26 | — | — | ||
| Q4 25 | 13.0% | 24.6% | ||
| Q3 25 | 18.9% | 16.7% | ||
| Q2 25 | 8.1% | -0.7% | ||
| Q1 25 | 24.6% | -12.1% | ||
| Q4 24 | 19.9% | 21.1% | ||
| Q3 24 | 22.3% | 10.3% | ||
| Q2 24 | 16.4% | 2.4% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 0.7% | ||
| Q3 25 | 1.7% | 0.4% | ||
| Q2 25 | 1.3% | 0.3% | ||
| Q1 25 | 1.1% | 0.5% | ||
| Q4 24 | 1.3% | 0.5% | ||
| Q3 24 | 1.9% | 0.5% | ||
| Q2 24 | 0.4% | 0.3% |
| Q1 26 | — | — | ||
| Q4 25 | 0.94× | 5.57× | ||
| Q3 25 | 1.27× | 2.20× | ||
| Q2 25 | 0.52× | -0.04× | ||
| Q1 25 | 1.51× | -2.22× | ||
| Q4 24 | 1.25× | 3.91× | ||
| Q3 24 | 1.33× | 1.36× | ||
| Q2 24 | 0.99× | 0.32× |
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% |
WSO
Segment breakdown not available.
