SolarMax Technology (SMXT) Gross Margin (2023 - 2026)
SolarMax Technology (SMXT) posted quarterly 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 reported Gross Margin for 4 consecutive years, with 20.54% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin rose 6.0% year-over-year to 20.54%; the TTM figure through Mar 2026 stood at 5.92% (down 1146.0% YoY), while the FY2025 annual figure was 4.65%, down 542.0% from the prior year.
- Gross Margin climbed 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.
- Historically, Gross Margin has averaged 40.98% across 4 years, with a median of 16.1% in 2023.
- Annual changes were most pronounced in 2024 — Gross Margin soared 33087 bps — and 2025, when it slumped 32649 bps.
- SolarMax Technology's 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 soared 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 57.28% |
| 2 | Nextpower | 13.03 Bn | 11.82 Bn | 335.85 Mn | 35.91% |
| 3 | Enphase Energy | 5.10 Bn | 4.16 Bn | 175.01 Mn | 59.97% |
| 4 | Sunrun | 2.19 Bn | 2.19 Bn | 527.54 Mn | 60.64% |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | 27.48% |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | 30.31% |
| 7 | Canadian Solar | 985.60 Mn | -602.69 Mn | 124.40 Mn | 10.22% |
| 8 | JinkoSolar Holding | 833.21 Mn | -2.48 Bn | 147.66 Mn | 8.32% |
| 9 | Array Technologies | 727.02 Mn | 419.71 Mn | 99.60 Mn | 29.12% |
| 10 | SolarMax Technology | 16.01 Mn | 11.42 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% |