SolarMax Technology (SMXT) Tax Rate (2023 - 2026)
SolarMax Technology (SMXT) reported Tax Rate of 2.02% for Q1 2026, down 266.0% year-over-year from 1.22% in Q1 2025, and down 94.06% quarter-over-quarter 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.
- Tax Rate for Q1 2026 came in at 2.02%, down 266.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 16.8% (up 2716.0% YoY), and the FY2025 annual result was 15.21%, up 2021.0% from the prior year.
- Tax Rate eased to 2.02% in Q1 2026 per SMXT's latest filing, from 33.99% in the prior quarter.
- Over five years, Tax Rate peaked at 166.25% in Q4 2023 and troughed at 78.53% in Q4 2024.
- A 4-year average of 5.61% and a median of 2.02% in 2026 frame the typical range for Tax Rate.
- The sharpest annual moves came in 2024 and 2025: Tax Rate plunged 24478 bps in 2024, then surged 11253 bps in 2025.
- A 4-year view of Tax Rate shows it stood at 166.25% in 2023, then tumbled by 147 bps to 78.53% in 2024, then jumped by 143 bps to 33.99% in 2025, then plunged by 94 bps to 2.02% in 2026.
- Business Quant data shows SMXT's Tax Rate at 2.02% in Q1 2026, 33.99% in Q4 2025, and 18.59% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 28.14 Bn | 25.72 Bn | 486.13 Mn | 2.18% |
| 2 | Nextpower | 17.72 Bn | 16.62 Bn | 297.38 Mn | 5.66% |
| 3 | Enphase Energy | 7.03 Bn | 6.10 Bn | 100.39 Mn | 46.43% |
| 4 | Solaredge Technologies | 3.51 Bn | 2.96 Bn | 68.28 Mn | -2.29% |
| 5 | Sunrun | 2.96 Bn | 3.84 Bn | 543.70 Mn | -2.43% |
| 6 | Shoals Technologies | 1.62 Bn | 1.61 Bn | 41.01 Mn | 23.06% |
| 7 | Array Technologies | 1.13 Bn | 931.17 Mn | 63.00 Mn | 50.91% |
| 8 | JinkoSolar Holding | 556.02 Mn | 2.16 Bn | 147.66 Mn | -31.47% |
| 9 | Tigo Energy | 231.53 Mn | 219.95 Mn | 10.79 Mn | 8.57% |
| 10 | SolarMax Technology | 24.91 Mn | 20.60 Mn | 3.05 Mn | 2.02% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.02% |
| Mar 31, 2026 | 2.02% |
| Dec 31, 2025 | 33.99% |
| Dec 31, 2025 | 33.99% |
| Sep 30, 2025 | 18.59% |
| Sep 30, 2025 | 18.59% |
| Jun 30, 2025 | 5.30% |
| Jun 30, 2025 | 5.30% |
| Mar 31, 2025 | 4.68% |
| Mar 31, 2025 | 4.68% |
| Dec 31, 2024 | -78.53% |
| Dec 31, 2024 | -78.53% |
| Sep 30, 2024 | -0.59% |
| Sep 30, 2024 | -0.59% |
| Jun 30, 2024 | 5.04% |
| Jun 30, 2024 | 5.04% |
| Mar 31, 2024 | -0.02% |
| Mar 31, 2024 | -0.02% |
| Dec 31, 2023 | 166.25% |
| Dec 31, 2023 | 166.25% |