SolarMax Technology (SMXT) Tax Rate (2023 - 2026)

SolarMax Technology's (SMXT) quarterly Tax Rate came in at 2.02% in Q1 2026, down 266.0% year-on-year from 1.22% in Q1 2025, and down 94.06% on a QoQ basis from 33.99% in Q4 2025.

SolarMax Technology (SMXT) Tax Rate (2023 - 2026) Analysis & Trends

SolarMax Technology (SMXT) has 4 years of Tax Rate data on file, last reported at 2.02% in Q1 2026.

  • On a quarterly basis, Tax Rate fell 266.0% year-over-year to 2.02% in Q1 2026; TTM through Mar 2026 was 16.8%, a 2716.0% increase from a year earlier, with the FY2025 full-year figure at 15.21%, up 2021.0% from the prior year.
  • Tax Rate for Q1 2026 stood at 2.02%, down from 33.99% in the prior quarter.
  • Over the last five years, Tax Rate for SMXT reached as high as 100.55% in Q4 2023 and fell as low as 78.53% in Q4 2024.
  • Historically, Tax Rate has averaged 0.56% across 4 years, with a median of 2.02% in 2026.
  • Across the five-year window, Tax Rate plunged 17909 bps in 2024 and soared 11253 bps in 2025, its largest moves.
  • Year by year, Tax Rate stood at 100.55% in 2023, then tumbled by 178 bps to 78.53% in 2024, then jumped by 143 bps to 33.99% in 2025, then sank by 94 bps to 2.02% in 2026.
  • Per Business Quant data, the three most recent Tax Rate figures were 2.02% in Q1 2026, 33.99% in Q4 2025, and 18.59% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 First Solar 22.08 Bn 19.65 Bn 486.13 Mn 2.18%
2 Nextpower 15.32 Bn 14.23 Bn 297.38 Mn 5.66%
3 Enphase Energy 4.98 Bn 4.05 Bn 100.39 Mn 46.76%
4 JinkoSolar Holding 3.20 Bn -107.75 Mn 147.66 Mn -31.47%
5 Solaredge Technologies 2.60 Bn 2.04 Bn 68.28 Mn -2.29%
6 Sunrun 2.35 Bn 687.09 Mn 407.49 Mn -2.43%
7 Shoals Technologies 1.55 Bn 1.55 Bn 41.01 Mn 23.06%
8 Canadian Solar 925.64 Mn 166.07 Mn 124.40 Mn -3.52%
9 Array Technologies 843.55 Mn 642.85 Mn 63.00 Mn 51.59%
10 SolarMax Technology 18.57 Mn 13.99 Mn 3.05 Mn 2.02%

Historic Data

Download Data
DateValue
Mar 31, 2026 2.02%
Mar 31, 2026 2.02%
Mar 31, 2026 2.02%
Dec 31, 2025 33.99%
Dec 31, 2025 33.99%
Dec 31, 2025 33.99%
Sep 30, 2025 18.59%
Sep 30, 2025 18.59%
Sep 30, 2025 18.59%
Jun 30, 2025 5.30%
Jun 30, 2025 5.30%
Jun 30, 2025 5.30%
Mar 31, 2025 4.68%
Mar 31, 2025 4.68%
Mar 31, 2025 4.68%
Dec 31, 2024 -78.53%
Dec 31, 2024 -78.53%
Dec 31, 2024 -78.53%
Sep 30, 2024 -0.59%
Sep 30, 2024 -0.59%