Nextracker Inc. Class A Common Stock (NXT)

Pretax margin

		Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Earnings before tax but after interest (EBT)	US$ in thousands	648,016	607,997	169,083	65,108	158,029
Revenue	US$ in thousands	2,959,200	2,499,840	1,902,140	1,457,590	1,195,620
Pretax margin		21.90%	24.32%	8.89%	4.47%	13.22%

March 31, 2025 calculation

Pretax margin = EBT ÷ Revenue
= $648,016K ÷ $2,959,200K
= 21.90%

The pretax margin of Nextracker Inc. Class A Common Stock has shown fluctuations over the past five years. In March 2021, the pretax margin was 13.22%, indicating that the company generated a pre-tax profit of 13.22% of its total revenue. However, the pretax margin declined to 4.47% by March 2022, suggesting a decrease in profitability compared to the previous year.

In the following year, March 2023, the pretax margin improved to 8.89%, signaling a recovery in profitability. By March 2024, the pretax margin experienced a significant increase to 24.32%, reaching its highest level in the analyzed period. This sharp rise indicates improved operational efficiency and cost management, resulting in higher profitability.

In the most recent year, March 2025, the pretax margin slightly decreased to 21.90%, still maintaining a relatively strong profitability level compared to the earlier years. Overall, the analysis of Nextracker Inc. Class A Common Stock's pretax margin reveals varying performance levels across the years, with notable improvements in profitability from 2022 to 2024, despite some fluctuations in between.