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% quarter-over-quarter from 2.68% in Q4 2025.
SolarMax Technology (SMXT) Gross Margin (2023 - 2026) Analysis & Trends
SolarMax Technology (SMXT) has 4 years of Gross Margin data on file, last reported at 20.54% in Q1 2026.
- Gross Margin for Q1 2026 came in at 20.54%, up 6.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 5.92% (down 1146.0% YoY), and the FY2025 annual result was 4.65%, down 542.0% from the prior year.
- Gross Margin rose to 20.54% in Q1 2026 per SMXT's latest filing, from 2.68% in the prior quarter.
- Over five years, Gross Margin peaked at 346.98% in Q1 2024 and troughed at 2.68% in Q4 2025.
- A 4-year average of 40.98% and a median of 16.1% in 2023 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2024 and 2025: Gross Margin soared 33087 bps in 2024, then slumped 32649 bps in 2025.
- A 4-year view of Gross Margin shows it stood at 24.08% in 2023, then sank by 40 bps to 14.5% in 2024, then tumbled by 81 bps to 2.68% in 2025, then surged by 665 bps to 20.54% in 2026.
- Business Quant data shows SMXT's Gross Margin at 20.54% in Q1 2026, 2.68% in Q4 2025, and 3.12% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 28.68 Bn | 26.25 Bn | 486.13 Mn | 46.55% |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | 33.77% |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | 35.49% |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | 21.99% |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | 75.28% |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | 29.18% |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | 28.20% |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn | 8.32% |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn | 42.84% |
| 10 | SolarMax Technology | 21.92 Mn | 17.61 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% |