SolarMax Technology (SMXT) Tax Rate (2023 - 2026)
SolarMax Technology (SMXT) posted quarterly 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 reported Tax Rate for 4 consecutive years, with 2.02% the latest figure, recorded in Q1 2026.
- In Q1 2026, Tax Rate fell 266.0% year-over-year to 2.02%; the TTM figure through Mar 2026 stood at 16.8% (up 2716.0% YoY), while the FY2025 annual figure was 15.21%, up 2021.0% from the prior year.
- Tax Rate retreated to 2.02% in Q1 2026 per SMXT's latest filing, from 33.99% in the prior quarter.
- Across five years, Tax Rate topped out at 100.55% in Q4 2023 and bottomed at 78.53% in Q4 2024.
- Historically, Tax Rate has averaged 0.56% across 4 years, with a median of 2.02% in 2026.
- Annual changes were most pronounced in 2024 — Tax Rate slumped 17909 bps — and 2025, when it surged 11253 bps.
- SolarMax Technology's Tax Rate stood at 100.55% in 2023, then tumbled by 178 bps to 78.53% in 2024, then surged by 143 bps to 33.99% in 2025, then sank 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 | 23.41 Bn | 21.68 Bn | 605.00 Mn | 8.01% |
| 2 | Nextpower | 13.31 Bn | 12.10 Bn | 335.85 Mn | 16.88% |
| 3 | Enphase Energy | 5.19 Bn | 4.25 Bn | 175.01 Mn | 41.71% |
| 4 | Sunrun | 2.23 Bn | 2.23 Bn | 527.54 Mn | 1.87% |
| 5 | Solaredge Technologies | 1.92 Bn | 1.34 Bn | 95.15 Mn | -8.19% |
| 6 | Shoals Technologies | 1.23 Bn | 1.21 Bn | 49.53 Mn | 21.67% |
| 7 | Canadian Solar | 999.75 Mn | -588.54 Mn | 124.40 Mn | -3.52% |
| 8 | JinkoSolar Holding | 848.40 Mn | -2.46 Bn | 147.66 Mn | -31.47% |
| 9 | Array Technologies | 733.17 Mn | 425.87 Mn | 99.60 Mn | 23.33% |
| 10 | SolarMax Technology | 16.25 Mn | 11.66 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% |