SolarMax Technology (SMXT) Gross Margin (2023 - 2026)
SolarMax Technology (SMXT) reported Gross Margin of 20.54% for Q1 2026, up 6.0% year-over-year from 19.38% in Q1 2025, and up 665.14% on a QoQ basis from 2.68% in Q4 2025.
SolarMax Technology (SMXT) has 4 years of Gross Margin data on file, last reported at 20.54% in Q1 2026.
- Quarterly Gross Margin rose 6.0% year-over-year to 20.54% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 5.92% (down 1146.0% YoY) and the FY2025 annual result came in at 4.65%, down 542.0% from the prior year.
- Gross Margin grew to 20.54% in Q1 2026 per SMXT's latest filing, from 2.68% in the prior quarter.
- Across five years, Gross Margin topped out at 346.98% in Q1 2024 and bottomed at 2.68% in Q4 2025.
- The 4-year median for Gross Margin is 16.1% (2023), against an average of 40.98%.
- The widest annual swing landed in 2024, when Gross Margin jumped 33087 bps; it then plunged 32649 bps in 2025.
- Tracing SMXT's Gross Margin over 4 years: stood at 24.08% in 2023, then tumbled by 40 bps to 14.5% in 2024, then sank by 81 bps to 2.68% in 2025, then soared by 665 bps to 20.54% in 2026.
- Per Business Quant, the three latest SMXT Gross Margin figures stand at 20.54% (Q1 2026), 2.68% (Q4 2025), and 3.12% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 26.65 Bn | 24.22 Bn | 486.13 Mn | 46.55% |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | 33.77% |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | 10.22% |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | 35.49% |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | 21.99% |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | 75.28% |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | 29.18% |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | 28.20% |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn | 8.32% |
| 10 | SolarMax Technology | 30.01 Mn | 25.71 Mn | 3.05 Mn | 20.54% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 20.54% |
| Dec 31, 2025 | 2.68% |
| Sep 30, 2025 | 3.12% |
| Jun 30, 2025 | 8.78% |
| Mar 31, 2025 | 20.48% |
| Dec 31, 2024 | 14.50% |
| Sep 30, 2024 | 19.86% |
| Jun 30, 2024 | 13.20% |
| Mar 31, 2024 | 346.98% |
| Dec 31, 2023 | 24.08% |
| Sep 30, 2023 | 28.36% |
| Jun 30, 2023 | 14.10% |
| Mar 31, 2023 | 16.10% |