NXT vs ULS
Comparison between Nextracker Inc - Class A (NXT, Company) and UL Solutions Inc - Class A (ULS, Company).
NXT is from the Technology sector, while ULS is from the Industrials sector.
NXT vs ULS - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap
Winner
NXT
$16B
ULS
$15B
Max Drawdown
NXT
48.61%
Winner
ULS
26.89%
Sharpe Ratio
Winner
NXT
1.17
ULS
0.36
5Y Beta
NXT
1.22
Winner
ULS
0.56
Industry
NXT
Solar
ULS
Specialty Business Services
P/E Ratio
Winner
NXT
25.68
ULS
29.20
Forward P/E
Winner
NXT
22.94
ULS
33.11
PEG Ratio
NXT
0.88
Winner
ULS
0.43
Dividend Yield
NXT
N/A
ULS
0.72%
Debt to Equity
Winner
NXT
0.00%
ULS
18.87%
Free Cash Flow Yield
Winner
NXT
3.51%
ULS
2.81%
P/S Ratio
Winner
NXT
4.29
ULS
4.97
P/B Ratio
Winner
NXT
6.11
ULS
9.88
NXT vs ULS - Historical Returns
Returns include dividend reinvestment.
1M
Winner
NXT
-3.05%
ULS
-11.53%
3M
NXT
-28.92%
Winner
ULS
-22.89%
6M
NXT
-12.86%
Winner
ULS
+10.98%
1Y
Winner
NXT
+87.94%
ULS
+16.66%
Max(CAGR)
NXT
+40.89%
Winner
ULS
+41.70%
NXT vs ULS - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | NXT | ULS |
|---|---|---|
| 2026 | +9.37% | -3.96% |
| 2025 | +120.53% | +60.07% |
| 2024 | -22.96% | +43.89% |
| 2023 | +53.81% | N/A |
NXT vs ULS Drawdown Comparison
The maximum drawdown for NXT was -48.61%, occurring on Oct 24, 2024. Recovery took 313 trading sessions.
The maximum drawdown for ULS was -26.79%, occurring on Aug 12, 2026. This drawdown has not yet recovered.
The current NXT drawdown is -35.12%. The current ULS drawdown is -26.04%.
| Rank | NXT | ULS |
|---|---|---|
| #1 | -48.61% Feb 14, 2024 - May 15, 2025 | -26.79% May 6, 2026 - Aug 12, 2026 |
| #2 | -42.54% May 29, 2026 - Jul 31, 2026 | -24.34% Nov 28, 2025 - Apr 17, 2026 |
| #3 | -25.21% Jul 27, 2023 - Dec 14, 2023 | -14.40% Jul 30, 2025 - Oct 6, 2025 |
| #4 | -23.27% Nov 5, 2025 - Jan 28, 2026 | -13.49% Aug 29, 2024 - Nov 25, 2024 |
| #5 | -19.04% Jul 7, 2025 - Aug 18, 2025 | -12.01% Feb 13, 2025 - Apr 1, 2025 |
| #6 | -18.74% Feb 18, 2026 - Mar 24, 2026 | -10.93% Nov 25, 2024 - Feb 5, 2025 |
| #7 | -18.35% Mar 25, 2026 - May 13, 2026 | -8.90% May 23, 2024 - Jun 28, 2024 |
| #8 | -18.15% Mar 31, 2023 - May 12, 2023 | -8.25% Apr 1, 2025 - Apr 24, 2025 |
| #9 | -16.59% Dec 21, 2023 - Feb 1, 2024 | -5.35% Apr 20, 2026 - May 5, 2026 |
| #10 | -16.13% May 15, 2026 - May 29, 2026 | -4.39% Jun 24, 2025 - Jul 7, 2025 |
| #11 | -15.91% Mar 7, 2023 - Mar 30, 2023 | -4.21% Jul 7, 2025 - Jul 30, 2025 |
| #12 | -12.82% Jun 15, 2023 - Jul 27, 2023 | -4.06% Apr 15, 2024 - Apr 30, 2024 |
| #13 | -11.72% May 15, 2025 - Jul 3, 2025 | -3.96% Oct 28, 2025 - Nov 4, 2025 |
| #14 | -8.48% Feb 15, 2023 - Mar 3, 2023 | -3.93% Aug 1, 2024 - Aug 13, 2024 |
| #15 | -8.26% Sep 5, 2025 - Sep 18, 2025 | -3.93% Oct 8, 2025 - Oct 14, 2025 |
Correlation
Correlation between NXT and ULS is 0.86 which considered as a strong positive correlation - the stocks tend to move together.
0.86
-101
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