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| Date | Value |
|---|---|
| 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 |