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-over-year from 1.22% in Q1 2025, and down 94.06% quarter-over-quarter from 33.99% in Q4 2025.
Analysis
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.
- 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 was 2.02% for Q1 2026 at SolarMax Technology, down 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.
- Across the five-year window, Tax Rate sank 24478 bps in 2024 and jumped 11253 bps in 2025, its largest moves.
- Over 4 years, Tax Rate stood at 166.25% in 2023, then plunged by 147 bps to 78.53% in 2024, then soared by 143 bps to 33.99% in 2025, then sank by 94 bps to 2.02% in 2026.
- The last three Tax Rate figures came in at 2.02% (Q1 2026), 33.99% (Q4 2025), and 18.59% (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Sunrun | 2.06 Bn | 2.06 Bn | 527.54 Mn | 1.87% |
| 2 | SunPower | 52.30 Mn | 48.20 Mn | 24.96 Mn | - |
| 3 | SUNation Energy | 21.76 Mn | 18.70 Mn | 2.13 Mn | -0.34% |
| 4 | SolarMax Technology | 10.72 Mn | 6.13 Mn | 3.05 Mn | 2.02% |
| 5 | Founder | 1.62 Mn | -28.27 Mn | - | - |
| 6 | Zeo Energy | 1.57 Mn | 16.56 Mn | 7.62 Mn | -3.65% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 2.02% |
| Dec 31, 2025 | 33.99% |
| Sep 30, 2025 | 18.59% |
| Jun 30, 2025 | 5.30% |
| Mar 31, 2025 | 4.68% |
| Dec 31, 2024 | -78.53% |
| Sep 30, 2024 | -0.59% |
| Jun 30, 2024 | 5.04% |
| Mar 31, 2024 | -0.02% |
| Dec 31, 2023 | 166.25% |
| Sep 30, 2023 | -10.64% |
| Jun 30, 2023 | -35.92% |
| Mar 31, 2023 | -37.17% |