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Side-by-side financial comparison of BANC OF CALIFORNIA, INC. (BANC) and Maxeon Solar Technologies, Ltd. (MAXN). Click either name above to swap in a different company.

Maxeon Solar Technologies, Ltd. is the larger business by last-quarter revenue ($509.0M vs $286.9M, roughly 1.8× BANC OF CALIFORNIA, INC.). BANC OF CALIFORNIA, INC. runs the higher net margin — 25.1% vs -120.7%, a 145.8% gap on every dollar of revenue. On growth, BANC OF CALIFORNIA, INC. posted the faster year-over-year revenue change (7.9% vs -54.7%).

Banc of California is an American bank with 80 branches in California, as well as locations in Denver, Colorado, and Durham, North Carolina. The bank is headquartered in Los Angeles, California, with about 2,000 employees nationwide including in New York and Chicago. Banc of California offers a broad range of loan and deposit products and services, focusing on providing banking and treasury management services to small-, middle-market, and venture-backed businesses.

Maxeon Solar Technologies, Ltd. is a Singapore-based company that designs and manufactures photovoltaic panels. The company was previously a division of the American company SunPower. Maxeon was spun off from SunPower in August 2020. Maxeon was the primary provider of solar panels for SunPower through March 2024. Beyond the United States, Maxeon has sales operations in more than 100 countries and has the rights to use the SunPower brand in countries outside the United States.

BANC vs MAXN — Head-to-Head

Bigger by revenue
MAXN
MAXN
1.8× larger
MAXN
$509.0M
$286.9M
BANC
Growing faster (revenue YoY)
BANC
BANC
+62.5% gap
BANC
7.9%
-54.7%
MAXN
Higher net margin
BANC
BANC
145.8% more per $
BANC
25.1%
-120.7%
MAXN

Income Statement — Q1 FY2026 vs Q4 FY2024

Metric
BANC
BANC
MAXN
MAXN
Revenue
$286.9M
$509.0M
Net Profit
$72.0M
$-614.3M
Gross Margin
Operating Margin
-113.3%
Net Margin
25.1%
-120.7%
Revenue YoY
7.9%
-54.7%
Net Profit YoY
34.3%
-122.7%
EPS (diluted)
$0.39
$-96.00

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BANC
BANC
MAXN
MAXN
Q1 26
$286.9M
Q4 25
$458.5M
Q3 25
$466.8M
Q2 25
$453.1M
Q1 25
$440.3M
Q4 24
$453.5M
$509.0M
Q3 24
$431.4M
Q2 24
$492.4M
Net Profit
BANC
BANC
MAXN
MAXN
Q1 26
$72.0M
Q4 25
$77.4M
Q3 25
$69.6M
Q2 25
$28.4M
Q1 25
$53.6M
Q4 24
$56.9M
$-614.3M
Q3 24
$8.8M
Q2 24
$30.3M
Operating Margin
BANC
BANC
MAXN
MAXN
Q1 26
Q4 25
21.8%
Q3 25
19.8%
Q2 25
10.6%
Q1 25
16.6%
Q4 24
15.5%
-113.3%
Q3 24
2.7%
Q2 24
9.1%
Net Margin
BANC
BANC
MAXN
MAXN
Q1 26
25.1%
Q4 25
16.9%
Q3 25
14.9%
Q2 25
6.3%
Q1 25
12.2%
Q4 24
12.6%
-120.7%
Q3 24
2.0%
Q2 24
6.2%
EPS (diluted)
BANC
BANC
MAXN
MAXN
Q1 26
$0.39
Q4 25
$0.41
Q3 25
$0.38
Q2 25
$0.12
Q1 25
$0.26
Q4 24
$0.29
$-96.00
Q3 24
$-0.01
Q2 24
$0.12

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BANC
BANC
MAXN
MAXN
Cash + ST InvestmentsLiquidity on hand
$2.2B
$28.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.6B
$-293.8M
Total Assets
$34.7B
$376.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BANC
BANC
MAXN
MAXN
Q1 26
$2.2B
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$28.9M
Q3 24
Q2 24
Total Debt
BANC
BANC
MAXN
MAXN
Q1 26
Q4 25
$2.1B
Q3 25
$2.0B
Q2 25
$1.9B
Q1 25
$1.7B
Q4 24
$1.4B
Q3 24
$1.6B
Q2 24
$1.4B
Stockholders' Equity
BANC
BANC
MAXN
MAXN
Q1 26
$3.6B
Q4 25
$3.5B
Q3 25
$3.5B
Q2 25
$3.4B
Q1 25
$3.5B
Q4 24
$3.5B
$-293.8M
Q3 24
$3.5B
Q2 24
$3.4B
Total Assets
BANC
BANC
MAXN
MAXN
Q1 26
$34.7B
Q4 25
$34.8B
Q3 25
$34.0B
Q2 25
$34.3B
Q1 25
$33.8B
Q4 24
$33.5B
$376.3M
Q3 24
$33.4B
Q2 24
$35.2B
Debt / Equity
BANC
BANC
MAXN
MAXN
Q1 26
Q4 25
0.58×
Q3 25
0.58×
Q2 25
0.56×
Q1 25
0.47×
Q4 24
0.40×
Q3 24
0.46×
Q2 24
0.42×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BANC
BANC
MAXN
MAXN
Operating Cash FlowLast quarter
$-270.2M
Free Cash FlowOCF − Capex
$-322.3M
FCF MarginFCF / Revenue
-63.3%
Capex IntensityCapex / Revenue
10.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BANC
BANC
MAXN
MAXN
Q1 26
Q4 25
$255.6M
Q3 25
$75.7M
Q2 25
$62.7M
Q1 25
$15.1M
Q4 24
$77.4M
$-270.2M
Q3 24
$46.9M
Q2 24
$39.1M
Free Cash Flow
BANC
BANC
MAXN
MAXN
Q1 26
Q4 25
$234.8M
Q3 25
$75.5M
Q2 25
$61.4M
Q1 25
$13.6M
Q4 24
$64.3M
$-322.3M
Q3 24
$44.6M
Q2 24
$34.4M
FCF Margin
BANC
BANC
MAXN
MAXN
Q1 26
Q4 25
51.2%
Q3 25
16.2%
Q2 25
13.6%
Q1 25
3.1%
Q4 24
14.2%
-63.3%
Q3 24
10.3%
Q2 24
7.0%
Capex Intensity
BANC
BANC
MAXN
MAXN
Q1 26
Q4 25
4.5%
Q3 25
0.0%
Q2 25
0.3%
Q1 25
0.3%
Q4 24
2.9%
10.2%
Q3 24
0.5%
Q2 24
1.0%
Cash Conversion
BANC
BANC
MAXN
MAXN
Q1 26
Q4 25
3.30×
Q3 25
1.09×
Q2 25
2.21×
Q1 25
0.28×
Q4 24
1.36×
Q3 24
5.34×
Q2 24
1.29×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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