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Side-by-side financial comparison of Cambium Networks Corp (CMBM) and SolarMax Technology, Inc. (SMXT). Click either name above to swap in a different company.

SolarMax Technology, Inc. is the larger business by last-quarter revenue ($46.6M vs $40.3M, roughly 1.2× Cambium Networks Corp). SolarMax Technology, Inc. runs the higher net margin — -1.9% vs -17.9%, a 16.1% gap on every dollar of revenue. On growth, SolarMax Technology, Inc. posted the faster year-over-year revenue change (623.5% vs -23.2%).

Cambium Networks Corporation is an American manufacturer of wireless telecommunications equipment, including Enterprise WiFi, Network switch, Internet of Things, and fixed wireless broadband and Wi-Fi for enterprises products for Internet access. Publicly traded on the NASDAQ stock exchange, it spun out of Motorola in October 2011.

SolarMax Technology, Inc. develops, manufactures and sells high-efficiency solar PV modules and clean energy systems. It serves residential, commercial and industrial clients in North America and key Asia-Pacific markets, offering installation and after-sales support to boost low-carbon energy use.

CMBM vs SMXT — Head-to-Head

Bigger by revenue
SMXT
SMXT
1.2× larger
SMXT
$46.6M
$40.3M
CMBM
Growing faster (revenue YoY)
SMXT
SMXT
+646.6% gap
SMXT
623.5%
-23.2%
CMBM
Higher net margin
SMXT
SMXT
16.1% more per $
SMXT
-1.9%
-17.9%
CMBM

Income Statement — Q4 FY2024 vs Q4 FY2025

Metric
CMBM
CMBM
SMXT
SMXT
Revenue
$40.3M
$46.6M
Net Profit
$-7.2M
$-872.2K
Gross Margin
36.6%
2.7%
Operating Margin
-28.4%
-2.7%
Net Margin
-17.9%
-1.9%
Revenue YoY
-23.2%
623.5%
Net Profit YoY
71.0%
77.7%
EPS (diluted)
$-0.26
$-0.02

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
CMBM
CMBM
SMXT
SMXT
Q4 25
$46.6M
Q3 25
$30.6M
Q2 25
$6.9M
Q1 25
$6.9M
Q4 24
$40.3M
$6.4M
Q3 24
$44.7M
$6.3M
Q2 24
$45.2M
Q1 24
$47.1M
Net Profit
CMBM
CMBM
SMXT
SMXT
Q4 25
$-872.2K
Q3 25
$-2.3M
Q2 25
$-1.9M
Q1 25
$-1.3M
Q4 24
$-7.2M
$-3.9M
Q3 24
$-34.5M
$-9.6M
Q2 24
$-14.2M
Q1 24
$-18.4M
Gross Margin
CMBM
CMBM
SMXT
SMXT
Q4 25
2.7%
Q3 25
3.1%
Q2 25
8.8%
Q1 25
20.5%
Q4 24
36.6%
14.5%
Q3 24
43.6%
19.9%
Q2 24
32.5%
Q1 24
29.8%
Operating Margin
CMBM
CMBM
SMXT
SMXT
Q4 25
-2.7%
Q3 25
-6.9%
Q2 25
-25.7%
Q1 25
-16.7%
Q4 24
-28.4%
-27.9%
Q3 24
-69.6%
-158.4%
Q2 24
-27.2%
Q1 24
-33.1%
Net Margin
CMBM
CMBM
SMXT
SMXT
Q4 25
-1.9%
Q3 25
-7.4%
Q2 25
-27.6%
Q1 25
-18.7%
Q4 24
-17.9%
-60.6%
Q3 24
-77.3%
-152.0%
Q2 24
-31.5%
Q1 24
-39.2%
EPS (diluted)
CMBM
CMBM
SMXT
SMXT
Q4 25
$-0.02
Q3 25
$-0.04
Q2 25
$-0.04
Q1 25
$-0.03
Q4 24
$-0.26
$-0.07
Q3 24
$-1.22
$-0.21
Q2 24
$-0.51
Q1 24
$-0.66

Balance Sheet & Financial Strength

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

Metric
CMBM
CMBM
SMXT
SMXT
Cash + ST InvestmentsLiquidity on hand
$8.0M
Total DebtLower is stronger
$67.6M
Stockholders' EquityBook value
$-3.2M
$-12.2M
Total Assets
$173.7M
$91.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMBM
CMBM
SMXT
SMXT
Q4 25
$8.0M
Q3 25
$5.7M
Q2 25
$1.9M
Q1 25
$6.8M
Q4 24
$7.1M
Q3 24
$8.6M
Q2 24
Q1 24
Total Debt
CMBM
CMBM
SMXT
SMXT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$67.6M
Q3 24
$67.6M
Q2 24
$68.9M
Q1 24
$63.8M
Stockholders' Equity
CMBM
CMBM
SMXT
SMXT
Q4 25
$-12.2M
Q3 25
$-11.8M
Q2 25
$-15.1M
Q1 25
$-15.9M
Q4 24
$-3.2M
$-15.1M
Q3 24
$1.9M
$-10.9M
Q2 24
$34.1M
Q1 24
$45.0M
Total Assets
CMBM
CMBM
SMXT
SMXT
Q4 25
$91.3M
Q3 25
$58.7M
Q2 25
$38.2M
Q1 25
$38.6M
Q4 24
$173.7M
$38.6M
Q3 24
$194.3M
$43.0M
Q2 24
$221.1M
Q1 24
$219.8M
Debt / Equity
CMBM
CMBM
SMXT
SMXT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
36.12×
Q2 24
2.02×
Q1 24
1.42×

Cash Flow & Capital Efficiency

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

Metric
CMBM
CMBM
SMXT
SMXT
Operating Cash FlowLast quarter
$-10.4M
$-2.5M
Free Cash FlowOCF − Capex
$-10.8M
FCF MarginFCF / Revenue
-26.8%
Capex IntensityCapex / Revenue
1.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-21.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CMBM
CMBM
SMXT
SMXT
Q4 25
$-2.5M
Q3 25
$3.4M
Q2 25
$220.7K
Q1 25
$-601.1K
Q4 24
$-10.4M
$-1.3M
Q3 24
$8.9M
$203.6K
Q2 24
$2.4M
Q1 24
$-15.9M
Free Cash Flow
CMBM
CMBM
SMXT
SMXT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$-10.8M
Q3 24
$6.8M
Q2 24
$87.0K
Q1 24
$-17.4M
FCF Margin
CMBM
CMBM
SMXT
SMXT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-26.8%
Q3 24
15.2%
Q2 24
0.2%
Q1 24
-37.0%
Capex Intensity
CMBM
CMBM
SMXT
SMXT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
1.1%
Q3 24
4.8%
0.0%
Q2 24
5.1%
Q1 24
3.3%

Financial Flow Comparison

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

Revenue Breakdown by Segment

CMBM
CMBM

Enterprise$16.6M41%
Point To Multi Point$16.4M41%
Other$5.8M14%

SMXT
SMXT

Yabucoa$35.9M77%
Other$10.7M23%

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