Growth Metrics

Maxeon Solar Technologies (MAXN) Tax Rate (2019 - 2024)

Maxeon Solar Technologies posted quarterly Tax Rate of 5.29% for Q4 2024, down 1143.0% year-on-year from 0.51% in Q1 2024, and down 189.35% on a QoQ basis from 5.92% in Q3 2024.

Maxeon Solar Technologies (MAXN) has 6 years of Tax Rate data on file, last reported at 5.29% in Q4 2024.

  • For the quarter ending Q4 2024, Tax Rate fell 1143.0% year-over-year to 5.29%; the trailing twelve-month figure through Dec 2024 stood at 1.71% (down 1003.0% YoY), and the FY2024 full-year result was 3.01%, up 324.0% from the prior year.
  • Tax Rate for Q4 2024 stood at 5.29%, down from 5.92% in the prior quarter.
  • Across five years, Tax Rate topped out at 43.76% in Q1 2021 and bottomed at 27.24% in Q3 2023.
  • The 5-year median for Tax Rate is 0.03% (2023), against an average of 0.54%.
  • The widest annual swing landed in 2021, when Tax Rate jumped 3141 bps; it then tumbled 3413 bps in 2022.
  • A 5-year view of Tax Rate shows it stood at 6.34% in 2020, then sank by 100 bps to 0.0% in 2021, then soared by 935713 bps to 4.99% in 2022, then grew by 23 bps to 6.15% in 2023, then sank by 186 bps to 5.29% in 2024.
  • The last three Tax Rate figures came in at 5.29% (Q4 2024), 5.92% (Q3 2024), and 5.51% (Q2 2024), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 First Solar 26.65 Bn 24.22 Bn 486.13 Mn 2.18
2 Nextpower 17.99 Bn 16.90 Bn 297.38 Mn 5.66
3 Canadian Solar 15.11 Bn 15.69 Bn 124.40 Mn -62.89
4 Enphase Energy 8.19 Bn 7.26 Bn 100.39 Mn 46.43
5 Solaredge Technologies 3.80 Bn 3.25 Bn 68.28 Mn -2.29
6 Sunrun 3.38 Bn 4.27 Bn 543.70 Mn -2.43
7 Shoals Technologies 1.60 Bn 1.60 Bn 41.01 Mn 23.06
8 Array Technologies 1.25 Bn 1.05 Bn 63.00 Mn 50.91
9 JinkoSolar Holding 677.44 Mn 2.29 Bn 147.66 Mn -31.47
10 Maxeon Solar Technologies 13,137.80 -17.21 Mn - -

Historic Data

Download Data 🔒
DateValue
Dec 31, 2024 -5.29
Dec 31, 2024 -5.29
Sep 29, 2024 5.92
Sep 29, 2024 5.92
Jun 30, 2024 -5.51
Jun 30, 2024 -5.51
Mar 31, 2024 -2.26
Mar 31, 2024 -2.26
Dec 31, 2023 6.15
Dec 31, 2023 6.15
Oct 1, 2023 -5.04
Oct 1, 2023 -5.04
Jul 2, 2023 -27.24
Jul 2, 2023 -27.24
Apr 2, 2023 -22.04
Apr 2, 2023 -22.04
Jan 1, 2023 0.03
Jan 1, 2023 0.03
Oct 2, 2022 4.99
Oct 2, 2022 4.99
Jul 3, 2022 1.25
Jul 3, 2022 1.25
Apr 3, 2022 1.49
Apr 3, 2022 1.49
Jan 2, 2022 9.63
Jan 2, 2022 9.63
Oct 3, 2021 0.00
Oct 3, 2021 0.00
Jul 4, 2021 -2.98
Jul 4, 2021 -2.98
Jan 3, 2021 43.76
Jan 3, 2021 43.76
Jun 28, 2020 6.34
Jun 28, 2020 6.34
Dec 29, 2019 12.35
Dec 29, 2019 12.35
Jun 30, 2019 9.87
Jun 30, 2019 9.87