Nextpower (NXT) Tax Rate (2021 - 2026)

Nextpower's (NXT) quarterly Tax Rate came in at 5.66% in Q1 2026, down 1490.0% year-on-year from 0.41% in Q1 2025, and down 79.27% quarter-over-quarter from 27.29% in Q4 2025.

Nextpower (NXT) Tax Rate (2021 - 2026) Analysis & Trends

Nextpower's Tax Rate history runs 6 years deep, the most recent figure standing at 5.66% for Q1 2026.

  • On a quarterly basis, Tax Rate fell 1490.0% year-over-year to 5.66% in Q1 2026; TTM through Mar 2026 was 17.92%, a 226.0% decrease from a year earlier, with the FY2026 full-year figure at 17.92%, down 226.0% from the prior year.
  • Tax Rate declined to 5.66% in Q1 2026 per NXT's latest filing, from 27.29% in the prior quarter.
  • Across five years, Tax Rate topped out at 31.28% in Q1 2023 and bottomed at 4.68% in Q3 2023.
  • The 5-year median for Tax Rate is 19.63% (2025), against an average of 20.01%.
  • Biggest YoY gain for Tax Rate was 1233 bps in 2023; the steepest drop was 2434 bps in 2023.
  • Year by year, Tax Rate stood at 30.22% in 2022, then slipped by 23 bps to 23.28% in 2023, then climbed by 15 bps to 26.74% in 2024, then grew by 2 bps to 27.29% in 2025, then sank by 79 bps to 5.66% in 2026.
  • Per Business Quant, the three latest NXT Tax Rate figures stand at 5.66% (Q1 2026), 27.29% (Q4 2025), and 19.63% (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 First Solar 22.08 Bn 19.65 Bn 486.13 Mn 2.18%
2 Nextpower 15.32 Bn 14.23 Bn 297.38 Mn 5.66%
3 Enphase Energy 4.98 Bn 4.05 Bn 100.39 Mn 46.76%
4 JinkoSolar Holding 3.20 Bn -107.75 Mn 147.66 Mn -31.47%
5 Solaredge Technologies 2.60 Bn 2.04 Bn 68.28 Mn -2.29%
6 Sunrun 2.35 Bn 687.09 Mn 407.49 Mn -2.43%
7 Shoals Technologies 1.55 Bn 1.55 Bn 41.01 Mn 23.06%
8 Canadian Solar 925.64 Mn 166.07 Mn 124.40 Mn -3.52%
9 Array Technologies 843.55 Mn 642.85 Mn 63.00 Mn 51.59%
10 Toyo 182.74 Mn 106.10 Mn 47.76 Mn -16.30%

Historic Data

Download Data
DateValue
Mar 31, 2026 5.66%
Mar 31, 2026 5.66%
Mar 31, 2026 5.66%
Dec 31, 2025 27.29%
Dec 31, 2025 27.29%
Dec 31, 2025 27.29%
Sep 26, 2025 19.63%
Sep 26, 2025 19.63%
Sep 26, 2025 19.63%
Jun 27, 2025 17.69%
Jun 27, 2025 17.69%
Jun 27, 2025 17.69%
Mar 31, 2025 20.56%
Mar 31, 2025 20.56%
Mar 31, 2025 20.56%
Dec 31, 2024 26.74%
Dec 31, 2024 26.74%
Dec 31, 2024 26.74%
Sep 27, 2024 14.53%
Sep 27, 2024 14.53%