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| Date | Value |
|---|---|
| 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% |