Bloom Energy
BE · Electrical Components & Equipment
$193.30
11.2%Nextpower
NXT · Electrical Components & Equipment
$78.89
1.6%The short version
- Nextpower is the larger business, with $3.6B of revenue in fiscal 2026 against $2.0B for Bloom Energy, about 1.8 times as much.
- Bloom Energy grew revenue faster (37.3%, against 20.3%).
- Nextpower kept more of each dollar of sales as operating profit (19.6% operating margin, against 3.6% operating margin).
- Nextpower turned more of its sales into free cash flow (14.4% FCF margin, against 2.8% FCF margin).
- Nextpower earned a higher return on the capital invested in it (54.5%, against 5.8%).
- Investors pay more for each dollar of Bloom Energy’s earnings: a P/E of 117.9x against 20.4x for Nextpower.
| Latest fiscal year | BE · FY25 | NXT · FY26 |
|---|---|---|
| Size | ||
| Market cap | $62.7B | $12.2B |
| Revenue | $2.0B | $3.6B |
| Free cash flow | $57.2M | $514M |
| Net income | −$87.1M | $586M |
| Growth | ||
| Revenue growth | 37.3% | 20.3% |
| 5-year growth | 20.6% | — |
| Share count change | 5.7% | 2.3% |
| Profitability | ||
| Gross margin | 29.0% | 32.6% |
| Operating margin | 3.6% | 19.6% |
| Net margin | −4.3% | 16.5% |
| FCF margin | 2.8% | 14.4% |
| Return on capital | 5.8% | 54.5% |
| Return on equity | −13.1% | 29.6% |
| Balance sheet | ||
| Net debt | $173M | −$1.1B |
| Net debt / EBITDA | 1.4x | −1.5x |
| Dividends and buybacks | $0.9M | $0.4M |
| Valuation & quality | ||
| P/E | 117.9x | 20.4x |
| Piotroski F-score | 5 | 3 |
FY17
BE $366M
NXT —
FY18
BE $633M
NXT —
FY19
BE $785M
NXT —
FY20
BE $794M
NXT —
FY21
BE $972M
NXT —
FY22
BE $1.2B
NXT —
FY23
BE $1.3B
NXT $1.9B
FY24
BE $1.5B
NXT $2.5B
FY25
BE $2.0B
NXT $3.0B
FY26
BE —
NXT $3.6B
BE
NXT
FY17
BE −42.4%
NXT —
FY18
BE −26.1%
NXT —
FY19
BE −29.7%
NXT —
FY20
BE −10.2%
NXT —
FY21
BE −11.8%
NXT —
FY22
BE −21.8%
NXT —
FY23
BE −15.7%
NXT 8.9%
FY24
BE 1.6%
NXT 23.5%
FY25
BE 3.6%
NXT 21.6%
FY26
BE —
NXT 19.6%
BE
NXT
FY17
BE −$153M
NXT —
FY18
BE −$137M
NXT —
FY19
BE $113M
NXT —
FY20
BE −$137M
NXT —
FY21
BE −$110M
NXT —
FY22
BE −$309M
NXT —
FY23
BE −$456M
NXT $104M
FY24
BE $33.2M
NXT $423M
FY25
BE $57.2M
NXT $622M
FY26
BE —
NXT $514M
BE
NXT
FY17
BE —
NXT —
FY18
BE —
NXT —
FY19
BE −68.2%
NXT —
FY20
BE −23.2%
NXT —
FY21
BE −43.4%
NXT —
FY22
BE −71.5%
NXT —
FY23
BE −28.7%
NXT —
FY24
BE 2.1%
NXT —
FY25
BE 5.8%
NXT 66.8%
FY26
BE —
NXT 54.5%
BE
NXT
Add another company
Compare up to four at once.
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.