Maxeon Solar Technologies (MAXN) Gross Profit (2019 - 2024)
Maxeon Solar Technologies posted quarterly Gross Profit of -$47.7 million for Q4 2024, down 38.29% year-on-year from -$77.2 million in Q1 2024, and up 73.39% on a QoQ basis from -$179.1 million in Q3 2024.
Maxeon Solar Technologies (MAXN) has 6 years of Gross Profit data on file, last reported at -$47.7 million in Q4 2024.
- For the quarter ending Q4 2024, Gross Profit fell 38.29% year-over-year to -$47.7 million; the trailing twelve-month figure through Dec 2024 stood at -$249.4 million (down 419.29% YoY), and the FY2024 full-year result was -$249.4 million, down 419.29% from the prior year.
- Gross Profit for Q4 2024 stood at -$47.7 million, up from -$179.1 million in the prior quarter.
- Across five years, Gross Profit topped out at $56.2 million in Q3 2023 and bottomed at -$179.1 million in Q3 2024.
- The 5-year median for Gross Profit is -$10.5 million (2022), against an average of -$14.7 million.
- The widest annual swing landed in 2023, when Gross Profit soared 513.65%; it then sank 6665.29% in 2024.
- A 5-year view of Gross Profit shows it stood at -$8.0 million in 2020, then tumbled by 108.2% to -$16.7 million in 2021, then increased by 5.75% to -$15.7 million in 2022, then plunged by 118.84% to -$34.5 million in 2023, then tumbled by 38.29% to -$47.7 million in 2024.
- The last three Gross Profit figures came in at -$47.7 million (Q4 2024), -$179.1 million (Q3 2024), and -$7.8 million (Q2 2024), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | First Solar | 26.65 Bn | 24.22 Bn | 486.13 Mn |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn |
| 10 | Maxeon Solar Technologies | 13,137.80 | -17.21 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2024 | -47.66 Mn |
| Dec 31, 2024 | -47.66 Mn |
| Sep 29, 2024 | -179.10 Mn |
| Sep 29, 2024 | -179.10 Mn |
| Jun 30, 2024 | -7.79 Mn |
| Jun 30, 2024 | -7.79 Mn |
| Mar 31, 2024 | -14.87 Mn |
| Mar 31, 2024 | -14.87 Mn |
| Dec 31, 2023 | -34.46 Mn |
| Dec 31, 2023 | -34.46 Mn |
| Oct 1, 2023 | 2.73 Mn |
| Oct 1, 2023 | 2.73 Mn |
| Jul 2, 2023 | 56.22 Mn |
| Jul 2, 2023 | 56.22 Mn |
| Apr 2, 2023 | 53.63 Mn |
| Apr 2, 2023 | 53.63 Mn |
| Jan 1, 2023 | 20.09 Mn |
| Jan 1, 2023 | 20.09 Mn |
| Oct 2, 2022 | -15.75 Mn |
| Oct 2, 2022 | -15.75 Mn |
| Jul 3, 2022 | -39.32 Mn |
| Jul 3, 2022 | -39.32 Mn |
| Apr 3, 2022 | -12.96 Mn |
| Apr 3, 2022 | -12.96 Mn |
| Jan 2, 2022 | -10.55 Mn |
| Jan 2, 2022 | -10.55 Mn |
| Oct 3, 2021 | -16.71 Mn |
| Oct 3, 2021 | -16.71 Mn |
| Jul 4, 2021 | -2.81 Mn |
| Jul 4, 2021 | -2.81 Mn |
| Jan 3, 2021 | 7.31 Mn |
| Jan 3, 2021 | 7.31 Mn |
| Jun 28, 2020 | -8.03 Mn |
| Jun 28, 2020 | -8.03 Mn |
| Dec 29, 2019 | 27.61 Mn |
| Dec 29, 2019 | 27.61 Mn |
| Jun 30, 2019 | 1.96 Mn |
| Jun 30, 2019 | 1.96 Mn |