Growth Metrics

SolarMax Technology (SMXT) Equity Ratio (2022 - 2026)

SolarMax Technology (SMXT) reported Equity Ratio of 0.11 for Q1 2026, up 73.88% year-over-year from 0.06 in Q1 2025, and up 19.68% on a QoQ basis from 0.13 in Q4 2025.

SolarMax Technology (SMXT) has 5 years of Equity Ratio data on file, last reported at 0.11 in Q1 2026.

  • Quarterly Equity Ratio rose 73.88% year-over-year to 0.11 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.11 (up 73.88% YoY) and the FY2025 annual result came in at 0.13, up 65.73% from the prior year.
  • Equity Ratio grew to 0.11 in Q1 2026 per SMXT's latest filing, from 0.13 in the prior quarter.
  • Across five years, Equity Ratio topped out at 0.01 in Q1 2024 and bottomed at 0.41 in Q1 2025.
  • The 5-year median for Equity Ratio is 0.25 (2024), against an average of 0.23.
  • The widest annual swing landed in 2025, when Equity Ratio tumbled 3744.13%; it then surged 73.88% in 2026.
  • Tracing SMXT's Equity Ratio over 5 years: stood at 0.26 in 2022, then slipped by 23.86% to 0.33 in 2023, then retreated by 19.54% to 0.39 in 2024, then surged by 65.73% to 0.13 in 2025, then advanced by 19.68% to 0.11 in 2026.
  • Per Business Quant, the three latest SMXT Equity Ratio figures stand at 0.11 (Q1 2026), 0.13 (Q4 2025), and 0.2 (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Ratio (Qtr)
1 First Solar 26.65 Bn 24.22 Bn 486.13 Mn 0.74
2 Nextpower 17.99 Bn 16.90 Bn 297.38 Mn 0.57
3 Canadian Solar 15.11 Bn 15.69 Bn 124.40 Mn 0.26
4 Enphase Energy 8.19 Bn 7.26 Bn 100.39 Mn 0.40
5 Solaredge Technologies 3.80 Bn 3.25 Bn 68.28 Mn 0.18
6 Sunrun 3.38 Bn 4.27 Bn 543.70 Mn 0.15
7 Shoals Technologies 1.60 Bn 1.60 Bn 41.01 Mn 0.58
8 Array Technologies 1.25 Bn 1.05 Bn 63.00 Mn -0.15
9 JinkoSolar Holding 677.44 Mn 2.29 Bn 147.66 Mn 0.22
10 SolarMax Technology 30.01 Mn 25.71 Mn 3.05 Mn -0.11

Historic Data

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DateValue
Mar 31, 2026 -0.11
Dec 31, 2025 -0.13
Sep 30, 2025 -0.20
Jun 30, 2025 -0.40
Mar 31, 2025 -0.41
Dec 31, 2024 -0.39
Sep 30, 2024 -0.25
Jun 30, 2024 -0.06
Mar 31, 2024 -0.01
Dec 31, 2023 -0.33
Dec 31, 2022 -0.26