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% quarter-over-quarter from 0.13 in Q4 2025.
SolarMax Technology (SMXT) Equity Ratio (2022 - 2026) Analysis & Trends
SolarMax Technology (SMXT) has 5 years of Equity Ratio data on file, last reported at 0.11 in Q1 2026.
- Equity Ratio for Q1 2026 came in at 0.11, up 73.88% year-over-year; the trailing twelve-month figure through Mar 2026 was 0.11 (up 73.88% YoY), and the FY2025 annual result was 0.13, up 65.73% from the prior year.
- Equity Ratio rose to 0.11 in Q1 2026 per SMXT's latest filing, from 0.13 in the prior quarter.
- Over five years, Equity Ratio peaked at 0.01 in Q1 2024 and troughed at 0.41 in Q1 2025.
- A 5-year average of 0.23 and a median of 0.25 in 2024 frame the typical range for Equity Ratio.
- The sharpest annual moves came in 2025 and 2026: Equity Ratio sank 3744.13% in 2025, then jumped 73.88% in 2026.
- A 5-year view of Equity Ratio shows it stood at 0.26 in 2022, then declined by 23.86% to 0.33 in 2023, then slipped by 19.54% to 0.39 in 2024, then jumped by 65.73% to 0.13 in 2025, then grew by 19.68% to 0.11 in 2026.
- Business Quant data shows SMXT's Equity Ratio at 0.11 in Q1 2026, 0.13 in Q4 2025, and 0.2 in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Equity Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 28.68 Bn | 26.25 Bn | 486.13 Mn | 0.74 |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | 0.57 |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | 0.40 |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | 0.18 |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | 0.15 |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | 0.58 |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | -0.15 |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn | - |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn | 0.55 |
| 10 | SolarMax Technology | 21.92 Mn | 17.61 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 |