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Side-by-side financial comparison of CTO Realty Growth, Inc. (CTO) 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 $41.2M, roughly 1.1× CTO Realty Growth, Inc.). CTO Realty Growth, Inc. runs the higher net margin — 15.1% vs -1.9%, a 16.9% gap on every dollar of revenue. On growth, SolarMax Technology, Inc. posted the faster year-over-year revenue change (623.5% vs 15.0%).

Keller Williams Realty is an American technology and international real estate franchise with headquarters in Austin, Texas. It is the largest real estate franchise in the United States by sales volume as of 2022.

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.

CTO vs SMXT — Head-to-Head

Bigger by revenue
SMXT
SMXT
1.1× larger
SMXT
$46.6M
$41.2M
CTO
Growing faster (revenue YoY)
SMXT
SMXT
+608.5% gap
SMXT
623.5%
15.0%
CTO
Higher net margin
CTO
CTO
16.9% more per $
CTO
15.1%
-1.9%
SMXT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CTO
CTO
SMXT
SMXT
Revenue
$41.2M
$46.6M
Net Profit
$6.2M
$-872.2K
Gross Margin
2.7%
Operating Margin
-2.7%
Net Margin
15.1%
-1.9%
Revenue YoY
15.0%
623.5%
Net Profit YoY
174.4%
77.7%
EPS (diluted)
$0.13
$-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
CTO
CTO
SMXT
SMXT
Q1 26
$41.2M
Q4 25
$38.3M
$46.6M
Q3 25
$37.8M
$30.6M
Q2 25
$37.6M
$6.9M
Q1 25
$35.8M
$6.9M
Q4 24
$35.7M
$6.4M
Q3 24
$31.8M
$6.3M
Q2 24
$28.8M
Net Profit
CTO
CTO
SMXT
SMXT
Q1 26
$6.2M
Q4 25
$28.3M
$-872.2K
Q3 25
$2.9M
$-2.3M
Q2 25
$-23.4M
$-1.9M
Q1 25
$2.3M
$-1.3M
Q4 24
$-15.2M
$-3.9M
Q3 24
$6.2M
$-9.6M
Q2 24
$1.2M
Gross Margin
CTO
CTO
SMXT
SMXT
Q1 26
Q4 25
75.0%
2.7%
Q3 25
75.4%
3.1%
Q2 25
73.0%
8.8%
Q1 25
75.2%
20.5%
Q4 24
74.4%
14.5%
Q3 24
74.4%
19.9%
Q2 24
71.1%
Operating Margin
CTO
CTO
SMXT
SMXT
Q1 26
Q4 25
75.1%
-2.7%
Q3 25
26.6%
-6.9%
Q2 25
-33.7%
-25.7%
Q1 25
22.0%
-16.7%
Q4 24
-20.4%
-27.9%
Q3 24
15.6%
-158.4%
Q2 24
18.8%
Net Margin
CTO
CTO
SMXT
SMXT
Q1 26
15.1%
Q4 25
73.9%
-1.9%
Q3 25
7.7%
-7.4%
Q2 25
-62.2%
-27.6%
Q1 25
6.3%
-18.7%
Q4 24
-42.6%
-60.6%
Q3 24
19.6%
-152.0%
Q2 24
4.1%
EPS (diluted)
CTO
CTO
SMXT
SMXT
Q1 26
$0.13
Q4 25
$0.81
$-0.02
Q3 25
$0.03
$-0.04
Q2 25
$-0.77
$-0.04
Q1 25
$0.01
$-0.03
Q4 24
$-0.69
$-0.07
Q3 24
$0.17
$-0.21
Q2 24
$-0.03

Balance Sheet & Financial Strength

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

Metric
CTO
CTO
SMXT
SMXT
Cash + ST InvestmentsLiquidity on hand
$8.3M
$8.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$575.4M
$-12.2M
Total Assets
$1.3B
$91.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CTO
CTO
SMXT
SMXT
Q1 26
$8.3M
Q4 25
$6.5M
$8.0M
Q3 25
$9.3M
$5.7M
Q2 25
$8.6M
$1.9M
Q1 25
$8.4M
$6.8M
Q4 24
$9.0M
$7.1M
Q3 24
$8.2M
$8.6M
Q2 24
$4.8M
Total Debt
CTO
CTO
SMXT
SMXT
Q1 26
Q4 25
$616.3M
Q3 25
$604.2M
Q2 25
$605.4M
Q1 25
$602.2M
Q4 24
$519.0M
Q3 24
$526.8M
Q2 24
$482.7M
Stockholders' Equity
CTO
CTO
SMXT
SMXT
Q1 26
$575.4M
Q4 25
$567.3M
$-12.2M
Q3 25
$557.3M
$-11.8M
Q2 25
$574.1M
$-15.1M
Q1 25
$593.9M
$-15.9M
Q4 24
$612.8M
$-15.1M
Q3 24
$595.8M
$-10.9M
Q2 24
$491.8M
Total Assets
CTO
CTO
SMXT
SMXT
Q1 26
$1.3B
Q4 25
$1.3B
$91.3M
Q3 25
$1.2B
$58.7M
Q2 25
$1.2B
$38.2M
Q1 25
$1.2B
$38.6M
Q4 24
$1.2B
$38.6M
Q3 24
$1.2B
$43.0M
Q2 24
$1.0B
Debt / Equity
CTO
CTO
SMXT
SMXT
Q1 26
Q4 25
1.09×
Q3 25
1.08×
Q2 25
1.05×
Q1 25
1.01×
Q4 24
0.85×
Q3 24
0.88×
Q2 24
0.98×

Cash Flow & Capital Efficiency

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

Metric
CTO
CTO
SMXT
SMXT
Operating Cash FlowLast quarter
$-2.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CTO
CTO
SMXT
SMXT
Q1 26
Q4 25
$64.6M
$-2.5M
Q3 25
$25.5M
$3.4M
Q2 25
$21.9M
$220.7K
Q1 25
$10.3M
$-601.1K
Q4 24
$59.9M
$-1.3M
Q3 24
$21.2M
$203.6K
Q2 24
$12.9M
Capex Intensity
CTO
CTO
SMXT
SMXT
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.0%
Q2 24
Cash Conversion
CTO
CTO
SMXT
SMXT
Q1 26
Q4 25
2.28×
Q3 25
8.75×
Q2 25
Q1 25
4.56×
Q4 24
Q3 24
3.40×
Q2 24
10.89×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CTO
CTO

Segment breakdown not available.

SMXT
SMXT

Yabucoa$35.9M77%
Other$10.7M23%

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