SolarMax Technology (SMXT) FCF Margin (2023 - 2026)
SolarMax Technology (SMXT) posted quarterly FCF Margin of 28.23% for Q1 2026, down 1956.0% year-over-year from 1.52% in Q1 2025, and down 421.98% quarter-over-quarter from 5.41% in Q4 2025.
SolarMax Technology (SMXT) FCF Margin (2023 - 2026) Analysis & Trends
SolarMax Technology (SMXT) has reported FCF Margin for 4 consecutive years, with 28.23% the latest figure, recorded in Q1 2026.
- In Q1 2026, FCF Margin fell 1956.0% year-over-year to 28.23%; the TTM figure through Mar 2026 stood at 3.12% (up 1067.0% YoY), while the FY2025 annual figure was 0.55%, up 4027.0% from the prior year.
- FCF Margin declined to 28.23% in Q1 2026 per SMXT's latest filing, from 5.41% in the prior quarter.
- Across five years, FCF Margin topped out at 36.59% in Q4 2023 and bottomed at 111.04% in Q1 2024.
- Historically, FCF Margin has averaged 12.01% across 4 years, with a median of 5.41% in 2025.
- Annual changes were most pronounced in 2024 — FCF Margin slumped 12941 bps — and 2025, when it jumped 10236 bps.
- SolarMax Technology's FCF Margin stood at 36.59% in 2023, then slumped by 156 bps to 20.37% in 2024, then jumped by 73 bps to 5.41% in 2025, then tumbled by 422 bps to 28.23% in 2026.
- Business Quant data shows SMXT's FCF Margin at 28.23% in Q1 2026, 5.41% in Q4 2025, and 11.1% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | -24.16% |
| 2 | Nextpower | 13.03 Bn | 11.82 Bn | 335.85 Mn | 11.25% |
| 3 | Enphase Energy | 5.10 Bn | 4.16 Bn | 175.01 Mn | 8.88% |
| 4 | Sunrun | 2.19 Bn | 2.19 Bn | 527.54 Mn | -21.89% |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | 3.30% |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | -0.13% |
| 7 | Canadian Solar | 985.60 Mn | -602.69 Mn | 124.40 Mn | 16.54% |
| 8 | JinkoSolar Holding | 833.21 Mn | -2.48 Bn | 147.66 Mn | - |
| 9 | Array Technologies | 727.02 Mn | 419.71 Mn | 99.60 Mn | 33.22% |
| 10 | SolarMax Technology | 16.01 Mn | 11.42 Mn | 3.05 Mn | -28.23% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -28.23% |
| Dec 31, 2025 | -5.41% |
| Sep 30, 2025 | 11.10% |
| Jun 30, 2025 | 3.21% |
| Mar 31, 2025 | -8.68% |
| Dec 31, 2024 | -20.37% |
| Sep 30, 2024 | 3.22% |
| Jun 30, 2024 | -36.41% |
| Mar 31, 2024 | -111.04% |
| Dec 31, 2023 | 36.59% |
| Sep 30, 2023 | 6.97% |
| Jun 30, 2023 | -25.40% |
| Mar 31, 2023 | 18.37% |