Maxeon Solar Technologies (MAXNQ) Gross Margin (2019 - 2024)
Maxeon Solar Technologies (MAXNQ) reported Gross Margin of 97.63% for Q4 2024, down 8257.0% on a YoY basis from 1.2% in Q1 2024, and up 51.73% quarter-over-quarter from 202.24% in Q3 2024.
Maxeon Solar Technologies (MAXNQ) Gross Margin (2019 - 2024) Analysis & Trends
Maxeon Solar Technologies has reported Gross Margin for 6 years, with the latest figure 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.
- The five-year high for Gross Margin was 16.85% in Q2 2023, with the low at 202.24% in Q3 2024.
- Historically, Gross Margin has averaged 19.27% across 5 years, with a median of 4.86% in 2020.
- Annual changes were most pronounced in 2023 — Gross Margin surged 3266 bps — and 2024, when it plunged 20344 bps.
- Maxeon Solar Technologies' Gross Margin stood at 4.86% in 2020, then sank by 56 bps to 7.58% in 2021, then advanced by 25 bps to 5.72% in 2022, then slumped by 163 bps to 15.06% in 2023, then plunged 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 28.68 Bn | 26.25 Bn | 486.13 Mn | 46.55% |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | 33.77% |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | 35.49% |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | 21.99% |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | 75.28% |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | 29.18% |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | 28.20% |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn | 8.32% |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn | 42.84% |
| 10 | Maxeon Solar Technologies | - | - | - | - |
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% |
| Jan 1, 2023 | 6.21% |
| Oct 2, 2022 | -5.72% |
| Jul 3, 2022 | -16.52% |
| Apr 3, 2022 | -5.81% |
| Jan 2, 2022 | -4.76% |
| Oct 3, 2021 | -7.58% |
| Jan 3, 2021 | 2.98% |
| Jun 28, 2020 | -4.86% |
| Mar 29, 2020 | 1.42% |
| Dec 29, 2019 | 7.50% |
| Jun 30, 2019 | 0.67% |