Maxeon Solar Technologies (MAXN) Gross Margin (2019 - 2024)
Maxeon Solar Technologies posted quarterly Gross Margin of 97.63% for Q4 2024, down 8257.0% year-on-year from 1.2% in Q1 2024, and up 51.73% on a QoQ basis from 202.24% in Q3 2024.
Maxeon Solar Technologies (MAXN) has 6 years of Gross Margin data on file, last reported at 97.63% in Q4 2024.
- For the quarter ending Q4 2024, Gross Margin fell 8257.0% year-over-year to 97.63%; the trailing twelve-month figure through Dec 2024 stood at 49.0% (down 5595.0% YoY), and the FY2024 full-year result was 49.0%, down 5595.0% from the prior year.
- Gross Margin for Q4 2024 stood at 97.63%, up from 202.24% in the prior quarter.
- Across five years, Gross Margin topped out at 16.85% in Q2 2023 and bottomed at 202.24% in Q3 2024.
- The 5-year median for Gross Margin is 5.29% (2020), against an average of 25.53%.
- The widest annual swing landed in 2023, when Gross Margin surged 2266 bps; it then slumped 20344 bps in 2024.
- A 5-year view of Gross Margin shows it stood at 4.86% in 2020, then soared by 161 bps to 2.98% in 2021, then slumped by 292 bps to 5.72% in 2022, then sank by 163 bps to 15.06% in 2023, then tumbled by 548 bps to 97.63% in 2024.
- The last three Gross Margin figures came in at 97.63% (Q4 2024), 202.24% (Q3 2024), and 4.23% (Q2 2024), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 26.65 Bn | 24.22 Bn | 486.13 Mn | 46.55% |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | 33.77% |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | 10.22% |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | 35.49% |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | 21.99% |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | 75.28% |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | 29.18% |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | 28.20% |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn | 8.32% |
| 10 | Maxeon Solar Technologies | 13,137.80 | -17.21 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2024 | -97.63% |
| Sep 29, 2024 | -202.24% |
| Jun 30, 2024 | -4.23% |
| Mar 31, 2024 | -7.93% |
| Dec 31, 2023 | -15.06% |
| Oct 1, 2023 | 1.20% |
| Jul 2, 2023 | 16.14% |
| Apr 2, 2023 | 16.85% |
| Oct 2, 2022 | -5.72% |
| Apr 3, 2022 | -5.81% |
| Jan 3, 2021 | 2.98% |
| Jun 28, 2020 | -4.86% |
| Dec 29, 2019 | 7.50% |
| Jun 30, 2019 | 0.67% |