SolarMax Technology (SMXT) Operating Margin (2023 - 2026)
SolarMax Technology (SMXT) reported Operating Margin of 0.65% for Q1 2026, up 1733.0% year-over-year from 0.04% in Q1 2025, and up 123.9% quarter-over-quarter from 2.71% in Q4 2025.
SolarMax Technology (SMXT) Operating Margin (2023 - 2026) Analysis & Trends
SolarMax Technology (SMXT) has 4 years of Operating Margin data on file, last reported at 0.65% in Q1 2026.
- Operating Margin for Q1 2026 came in at 0.65%, up 1733.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 5.1% (up 5858.0% YoY), and the FY2025 annual result was 6.92%, up 13709.0% from the prior year.
- Operating Margin climbed to 0.65% in Q1 2026 per SMXT's latest filing, from 2.71% in the prior quarter.
- Over five years, Operating Margin peaked at 6.45% in Q3 2023 and troughed at 327.56% in Q1 2024.
- A 4-year average of 47.31% and a median of 6.89% in 2025 frame the typical range for Operating Margin.
- The sharpest annual moves came in 2024 and 2025: Operating Margin slumped 33166 bps in 2024, then soared 31088 bps in 2025.
- A 4-year view of Operating Margin shows it stood at 0.43% in 2023, then tumbled by 6328 bps to 27.9% in 2024, then soared by 90 bps to 2.71% in 2025, then surged by 124 bps to 0.65% in 2026.
- Business Quant data shows SMXT's Operating Margin at 0.65% in Q1 2026, 2.71% in Q4 2025, and 6.89% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 28.68 Bn | 26.25 Bn | 486.13 Mn | 33.07% |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | 17.44% |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | -10.48% |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | -17.73% |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | -6.02% |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | 5.49% |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | 3.18% |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn | -4.80% |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn | -9.56% |
| 10 | SolarMax Technology | 21.92 Mn | 17.61 Mn | 3.05 Mn | 0.65% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.65% |
| Dec 31, 2025 | -2.71% |
| Sep 30, 2025 | -6.89% |
| Jun 30, 2025 | -25.70% |
| Mar 31, 2025 | -16.68% |
| Dec 31, 2024 | -27.90% |
| Sep 30, 2024 | -158.37% |
| Jun 30, 2024 | -53.87% |
| Mar 31, 2024 | -327.56% |
| Dec 31, 2023 | -0.43% |
| Sep 30, 2023 | 6.45% |
| Jun 30, 2023 | -6.17% |
| Mar 31, 2023 | 4.10% |