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The Moat Index

Nextpower Inc.

NXT · Technology · FY2026 filings · Narrow moat ·

On the watchlist

71/ 100
Narrow moat

The four filters

Pricing power17

Median gross margin 26.0% over 6y, variable.

Returns on capital100

Median ROIC 59.2%, above the 9% hurdle in 100% of years.

Balance-sheet safety100

Net cash position — no leverage risk.

Capital discipline80

Owner earnings +110.0%/yr, share count n/a.

Margin of safety

Above valueOn sale
No price data
Owner earnings (normalized)
$306.2M
Est. intrinsic value / share
—
Recent price
$103.10
Discount to value
No price data

Conservative model: 9% discount rate, 4% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

7 years of fundamentals

The business, in plain English

Nextpower Inc. booked $3.6B of revenue in FY2026 in the Technology sector and kept 32.6% of it as gross profit — a moderate-margin business by that measure. After every other cost, 16.5% of each revenue dollar reached the bottom line.

Across the filed record, revenue grew from $1.2B (FY2021) to $3.6B (FY2026) — about 24.4% a year compounded over 5 years.

It earned 46.2% on invested capital in FY2026, with a median of 59.2% across 3 filed years. The Returns on Capital filter above scores it 100/100.

The balance sheet carried $0 of total debt in FY2025. Balance-Sheet Safety scores it 100/100.

Put together: Returns on Capital is the strongest of the four filters (100/100) and Pricing Power the weakest (17/100), which is how NXT lands at 71/100 — a Narrow moat.

This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.

FY2020–FY2026 · 7 fiscal years, normalized from NXT’s SEC filings

RevenueSales, as filed$3.6B FY2026
$0$2B2020202220242026
Gross marginRevenue kept after cost of goods32.6% FY2026
0%20%2020202220242026
Return on invested capitalOperating profit on the capital employed46.2% FY2026
0%50%2020202220242026
Owner earningsCash an owner could take out$585.9M FY2026
$0$250M$500M2020202220242026

Gaps in a line mean that item isn’t in NXT’s filings for that year — the series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.

Moat Score history

1 logged reading since Jul 18, 2026 · append-only, never rewritten

Moat Score over timeLast scored reading of each day, on the 0–100 scale71.1 / 100
0406080100WideNarrowShallowNo moatJul 18, 2026

Score history begins Jul 18, 2026 — the record builds from here and can’t be backfilled.

Tier changesSame-methodology crossings of the Wide / Narrow / Shallow bars

None yet — NXT has read Narrow moat for every logged capture since Jul 18, 2026.

Scores are logged append-only and never overwritten — this record can’t be backfilled, which is exactly why it’s worth keeping.

Track record

How Nextpower Inc.’s moat rated in each of the years we can reconstruct from its filings — scored only on what was knowable at the time — and what its price and returns did afterward. The score never saw a price; the two are joined only in hindsight, for education, not as a signal.

As-of scores 2023–2025, one methodology version · reconstructed from filings on file each Dec 31 — never with hindsight

As-of Moat Score (dot colored by tier)Indexed price (total-return (dividends reinvested))Rated Wide-moat that year

How to read this: each dot is what the engine would have scored NXT on that December 31; the line below is its total-return price path (dividends reinvested) in the years since.

0406080100WideNarrowShallowNo moatAs-of Moat Score100200Indexed price · log scale (2024 = 100)2023202420252026

Two tracks, one timeline: the score has its own 0–100 scale (top), the price its own 100-based scale (bottom) — never a shared axis. The price path is a total-return (dividends reinvested) index built from the same data the forward returns use; gaps in the score line are years with no reconstructed rating (see the table for why). The Table view carries every value.

What followed, in the years it rated Wide

In the reconstructed history shown, NXT did not rate Wide-moat in any year, so there is no wide-moat track record to report. That absence is itself the honest answer — we don’t manufacture a comparison where the rating never earned one.

Technology context

#81 of 579 scored Technology companies, ranked by Moat Score.

Nearest peers by Moat Score

  1. #79HUBB HUBBELL INC72.2Narrow moat
  2. #80ISSC INNOVATIVE SOLUTIONS AND SUPPORT, INC.71.2Narrow moat
  3. #82OSPN OneSpan Inc.70.7Narrow moat
  4. #83SCDA B-Scada, Inc.70.7Narrow moat

Compare NXT with its nearest peers →All Technology companies on the Index →

Common questions about NXT

Does Nextpower Inc. have an economic moat?
Based on its FY2026 SEC filings, the Moat Index scores Nextpower Inc. (NXT) 71.1 out of 100 — a Narrow moat. The four filters behind that score (each 0–100): pricing power 17, returns on capital 100, balance-sheet safety 100, capital discipline 80.
How has NXT's Moat Score changed over time?
The record logs 1 reading since Jul 18, 2026; the latest reads 71.1 out of 100 (narrow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.
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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell NXT. See the disclaimer.