SolarMax Technology (SMXT) Return on Invested Capital [ROIC] (2024 - 2026)
SolarMax Technology (SMXT) recorded Return on Invested Capital [ROIC] of -21.70% in Q1 2026, up 88.56 percentage points from -110.26% a year earlier and up 10.05 percentage points from the prior quarter.
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Analysis
SolarMax Technology (SMXT) Return on Invested Capital [ROIC] (2024 - 2026) Analysis & Trends
For FY2025, SolarMax Technology reported Return on Invested Capital [ROIC] of -53.41%, up 310.35 percentage points from FY2024.
- Across earlier years, Return on Invested Capital [ROIC] came in at -363.76% in FY2024 (-366.40 pp) and 2.64% in FY2023.
- The Q1 2026 figure is the highest quarterly Return on Invested Capital [ROIC] in data going back to Q1 2024.
- On a year-over-year basis, Return on Invested Capital [ROIC] has increased for five consecutive quarters, with an average year-over-year change of +102.70 percentage points over the last five quarters.
- Per Business Quant, the preceding three quarters came in at -31.75% (Q4 2025), -31.74% (Q3 2025) and -68.31% (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Quanta Services | 101.70 Bn | 99.89 Bn | 1.55 Bn | 10.14% |
| 2 | Ferrovial | 38.65 Bn | 19.25 Bn | - | - |
| 3 | Emcor | 34.80 Bn | 31.19 Bn | 1.02 Bn | - |
| 4 | Mastec | 17.34 Bn | 16.24 Bn | 556.28 Mn | 11.60% |
| 5 | Sterling Infrastructure | 16.37 Bn | 14.73 Bn | 289.96 Mn | 29.20% |
| 6 | Jacobs Solutions | 16.17 Bn | 10.82 Bn | 810.70 Mn | 5.77% |
| 7 | IES Holdings | 13.52 Bn | 12.39 Bn | 340.66 Mn | - |
| 8 | Dycom Industries | 8.20 Bn | 7.33 Bn | - | - |
| 9 | Stantec | 7.70 Bn | 7.70 Bn | - | 30.07% |
| 10 | SolarMax Technology | 10.20 Mn | -9.71 Mn | 3.05 Mn | -21.70% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | -21.70% |
| Dec 31, 2025 | -31.75% |
| Sep 30, 2025 | -31.74% |
| Jun 30, 2025 | -68.31% |
| Mar 31, 2025 | -110.26% |
| Dec 31, 2024 | -315.09% |
| Sep 30, 2024 | -138.89% |
| Jun 30, 2024 | -82.12% |
| Mar 31, 2024 | -130.88% |
API Access
SolarMax Technology Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=SMXT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "SMXT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=SMXT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();