Maxeon Solar Technologies (MAXNQ) EBIT (2019 - 2024)
Maxeon Solar Technologies (MAXNQ) reported EBIT of -$111.3 million for Q4 2024, up 36.55% on a YoY basis from -$81.5 million in Q1 2024, and up 66.5% quarter-over-quarter from -$332.3 million in Q3 2024.
Maxeon Solar Technologies (MAXNQ) EBIT (2019 - 2024) Analysis & Trends
Maxeon Solar Technologies has reported EBIT for 6 years, with the latest figure at -$111.3 million in Q4 2024.
- For the quarter ending Q4 2024, EBIT rose 36.55% year-over-year to -$111.3 million; the trailing twelve-month figure through Dec 2024 stood at -$576.6 million (down 163.06% YoY), and the FY2024 full-year result was -$576.6 million, down 163.06% from the prior year.
- EBIT for Q4 2024 stood at -$111.3 million, up from -$332.3 million in the prior quarter.
- The five-year high for EBIT was $11.7 million in Q2 2023, with the low at -$332.3 million in Q3 2024.
- Historically, EBIT has averaged -$64.9 million across 5 years, with a median of -$47.7 million in 2021.
- Annual changes were most pronounced in 2023 — EBIT surged 123.23% — and 2024, when it slumped 927.53%.
- Maxeon Solar Technologies' EBIT stood at -$39.2 million in 2020, then decreased by 26.0% to -$49.3 million in 2021, then slipped by 15.39% to -$56.9 million in 2022, then plunged by 208.15% to -$175.5 million in 2023, then jumped by 36.55% to -$111.3 million in 2024.
- The last three EBIT figures came in at -$111.3 million (Q4 2024), -$332.3 million (Q3 2024), and -$69.5 million (Q2 2024), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 28.68 Bn | 26.25 Bn | 486.13 Mn | 345.30 Mn |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | 153.59 Mn |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | -29.64 Mn |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | -55.04 Mn |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | -43.51 Mn |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | 7.72 Mn |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | 7.11 Mn |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn | -84.91 Mn |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn | -2.41 Mn |
| 10 | Maxeon Solar Technologies | - | - | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2024 | -111.33 Mn |
| Sep 29, 2024 | -332.32 Mn |
| Jun 30, 2024 | -69.46 Mn |
| Mar 31, 2024 | -63.54 Mn |
| Dec 31, 2023 | -175.47 Mn |
| Oct 1, 2023 | -63.83 Mn |
| Jul 2, 2023 | 8.39 Mn |
| Apr 2, 2023 | 11.70 Mn |
| Jan 1, 2023 | -17.95 Mn |
| Oct 2, 2022 | -56.94 Mn |
| Jul 3, 2022 | -75.03 Mn |
| Apr 3, 2022 | -50.37 Mn |
| Jan 2, 2022 | -46.06 Mn |
| Oct 3, 2021 | -49.35 Mn |
| Jul 4, 2021 | -40.88 Mn |
| Apr 4, 2021 | -36.16 Mn |
| Jan 3, 2021 | -25.49 Mn |
| Sep 27, 2020 | -39.16 Mn |
| Jun 28, 2020 | -35.94 Mn |
| Mar 29, 2020 | -29.58 Mn |