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| Date | Value |
|---|---|
| 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% |