Nextracker Inc. Class A Common Stock (NXT)

Gross profit margin

		Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Gross profit	US$ in thousands	1,008,820	813,049	286,973	147,031	231,981
Revenue	US$ in thousands	2,959,200	2,499,840	1,902,140	1,457,590	1,195,620
Gross profit margin		34.09%	32.52%	15.09%	10.09%	19.40%

March 31, 2025 calculation

Gross profit margin = Gross profit ÷ Revenue
= $1,008,820K ÷ $2,959,200K
= 34.09%

The gross profit margin of Nextracker Inc. Class A Common Stock has displayed fluctuations over the past five years. It stood at 19.40% as of March 31, 2021, decreased significantly to 10.09% by March 31, 2022, and then recovered to 15.09% by March 31, 2023. The margin witnessed a substantial improvement in the subsequent years, reaching 32.52% as of March 31, 2024, and further increasing to 34.09% by March 31, 2025. This upward trend indicates that the company has been able to enhance its efficiency in generating profits from its sales revenue over the years.