Nextracker Inc. Class A Common Stock (NXT)

Return on equity (ROE)

		Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021
Net income (ttm)	US$ in thousands	509,168	557,537	483,650	407,512	306,241	126,162	127,352	115,186	118,887	99,597	69,557	58,374	50,913	77,754	97,843	114,441	124,348
Total stockholders’ equity	US$ in thousands	1,628,130	1,406,550	1,266,000	1,121,390	992,028	-3,117,010	-2,641,020	-3,352,380	-3,075,770	96,258	86,400	527,119	-3,035	-3,035	463,578	508,028	456,047
ROE		31.27%	39.64%	38.20%	36.34%	30.87%	—	—	—	—	103.47%	80.51%	11.07%	—	—	21.11%	22.53%	27.27%

March 31, 2025 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $509,168K ÷ $1,628,130K
= 31.27%

The return on equity (ROE) of Nextracker Inc. Class A Common Stock has shown fluctuations over the period from March 31, 2021, to March 31, 2025.

The ROE was 27.27% as of March 31, 2021, indicating that for every dollar of shareholders' equity, the company generated a return of 27.27%. Subsequently, the ROE decreased to 22.53% by June 30, 2021, and further declined to 21.11% by September 30, 2021.

During the fourth quarter of 2021 and the first quarter of 2022, data for ROE is not available (denoted as "—"), potentially due to changes in financial reporting or restructuring activities within the company.

The ROE significantly rebounded to 80.51% as of September 30, 2022, and continued to rise sharply to 103.47% by December 31, 2022. This substantial increase indicates efficient utilization of equity to generate higher returns for shareholders.

However, the data for ROE is not provided for the periods from March 31, 2023, to December 31, 2023, suggesting that there may have been operational challenges or changes in the reporting timeline during this period.

The ROE picked up again to 30.87% as of March 31, 2024, and showed a consistent upward trend, reaching 39.64% by December 31, 2024. This improvement indicates that the company was successful in generating higher profits relative to its shareholders' equity.

As of March 31, 2025, the ROE stands at 31.27%. Overall, the ROE trend reflects a mix of fluctuations and improvements, indicating varying levels of profitability and efficiency in utilizing shareholders' equity over the period analyzed. Investors and stakeholders should continue to monitor the company's performance to assess its ability to generate sustainable returns on equity.