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
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