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
Download Data| Date | Value |
|---|---|
| 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 |