SolarMax Technology (SMXT) Gross Margin (2023 - 2026)
SolarMax Technology's (SMXT) quarterly Gross Margin came in at 20.54% in Q1 2026, up 6.0% year-on-year from 19.38% in Q1 2025, and up 665.14% on a QoQ basis 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.
- On a quarterly basis, Gross Margin rose 6.0% year-over-year to 20.54% in Q1 2026; TTM through Mar 2026 was 5.92%, a 1146.0% decrease from a year earlier, with the FY2025 full-year figure at 4.65%, down 542.0% from the prior year.
- Gross Margin for Q1 2026 stood at 20.54%, up from 2.68% in the prior quarter.
- Over the last five years, Gross Margin for SMXT reached as high as 346.98% in Q1 2024 and fell as low as 2.68% in Q4 2025.
- Historically, Gross Margin has averaged 40.98% across 4 years, with a median of 16.1% in 2023.
- Across the five-year window, Gross Margin jumped 33087 bps in 2024 and plunged 32649 bps in 2025, its largest moves.
- Year by year, Gross Margin stood at 24.08% in 2023, then slumped by 40 bps to 14.5% in 2024, then plunged by 81 bps to 2.68% in 2025, then surged by 665 bps to 20.54% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 20.54% in Q1 2026, 2.68% in Q4 2025, and 3.12% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.08 Bn | 19.65 Bn | 486.13 Mn | 46.55% |
| 2 | Nextpower | 15.32 Bn | 14.23 Bn | 297.38 Mn | 33.77% |
| 3 | Enphase Energy | 4.98 Bn | 4.05 Bn | 100.39 Mn | 35.49% |
| 4 | JinkoSolar Holding | 3.20 Bn | -107.75 Mn | 147.66 Mn | 8.32% |
| 5 | Solaredge Technologies | 2.60 Bn | 2.04 Bn | 68.28 Mn | 21.99% |
| 6 | Sunrun | 2.35 Bn | 687.09 Mn | 407.49 Mn | 56.42% |
| 7 | Shoals Technologies | 1.55 Bn | 1.55 Bn | 41.01 Mn | 29.18% |
| 8 | Canadian Solar | 925.64 Mn | 166.07 Mn | 124.40 Mn | 10.22% |
| 9 | Array Technologies | 843.55 Mn | 642.85 Mn | 63.00 Mn | 28.20% |
| 10 | SolarMax Technology | 18.57 Mn | 13.99 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% |