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Side-by-side financial comparison of DYNEX CAPITAL INC (DX) 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 $43.5M, roughly 1.1× DYNEX CAPITAL INC). On growth, SolarMax Technology, Inc. posted the faster year-over-year revenue change (623.5% vs 531.3%).
Dynex Capital Inc. is a publicly traded real estate investment trust headquartered in the United States. It specializes in investing in and managing a diversified portfolio of mortgage-backed securities, residential and commercial mortgage loans, and other mortgage-related assets. It delivers consistent returns to shareholders via regular dividends and long-term capital growth.
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.
DX vs SMXT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.5M | $46.6M |
| Net Profit | — | $-872.2K |
| Gross Margin | — | 2.7% |
| Operating Margin | — | -2.7% |
| Net Margin | — | -1.9% |
| Revenue YoY | 531.3% | 623.5% |
| Net Profit YoY | — | 77.7% |
| EPS (diluted) | $1.59 | $-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.
| Q4 25 | $43.5M | $46.6M | ||
| Q3 25 | $30.6M | $30.6M | ||
| Q2 25 | $23.1M | $6.9M | ||
| Q1 25 | $17.1M | $6.9M | ||
| Q4 24 | — | $6.4M | ||
| Q3 24 | — | $6.3M | ||
| Q1 24 | $-3.2M | — | ||
| Q4 22 | $6.2M | — |
| Q4 25 | — | $-872.2K | ||
| Q3 25 | $150.4M | $-2.3M | ||
| Q2 25 | $-13.6M | $-1.9M | ||
| Q1 25 | $-3.1M | $-1.3M | ||
| Q4 24 | — | $-3.9M | ||
| Q3 24 | — | $-9.6M | ||
| Q1 24 | $40.1M | — | ||
| Q4 22 | $43.3M | — |
| Q4 25 | — | 2.7% | ||
| Q3 25 | — | 3.1% | ||
| Q2 25 | — | 8.8% | ||
| Q1 25 | — | 20.5% | ||
| Q4 24 | — | 14.5% | ||
| Q3 24 | — | 19.9% | ||
| Q1 24 | — | — | ||
| Q4 22 | — | — |
| Q4 25 | — | -2.7% | ||
| Q3 25 | — | -6.9% | ||
| Q2 25 | — | -25.7% | ||
| Q1 25 | — | -16.7% | ||
| Q4 24 | — | -27.9% | ||
| Q3 24 | — | -158.4% | ||
| Q1 24 | — | — | ||
| Q4 22 | — | — |
| Q4 25 | — | -1.9% | ||
| Q3 25 | 491.3% | -7.4% | ||
| Q2 25 | -58.8% | -27.6% | ||
| Q1 25 | -18.0% | -18.7% | ||
| Q4 24 | — | -60.6% | ||
| Q3 24 | — | -152.0% | ||
| Q1 24 | -1256.8% | — | ||
| Q4 22 | 697.2% | — |
| Q4 25 | $1.59 | $-0.02 | ||
| Q3 25 | $1.08 | $-0.04 | ||
| Q2 25 | $-0.14 | $-0.04 | ||
| Q1 25 | $-0.06 | $-0.03 | ||
| Q4 24 | — | $-0.07 | ||
| Q3 24 | — | $-0.21 | ||
| Q1 24 | $0.64 | — | ||
| Q4 22 | $0.44 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $531.0M | $8.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.5B | $-12.2M |
| Total Assets | $17.3B | $91.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $531.0M | $8.0M | ||
| Q3 25 | $491.0M | $5.7M | ||
| Q2 25 | $387.5M | $1.9M | ||
| Q1 25 | $327.4M | $6.8M | ||
| Q4 24 | — | $7.1M | ||
| Q3 24 | — | $8.6M | ||
| Q1 24 | $295.7M | — | ||
| Q4 22 | $332.0M | — |
| Q4 25 | $2.5B | $-12.2M | ||
| Q3 25 | $2.0B | $-11.8M | ||
| Q2 25 | $1.6B | $-15.1M | ||
| Q1 25 | $1.4B | $-15.9M | ||
| Q4 24 | — | $-15.1M | ||
| Q3 24 | — | $-10.9M | ||
| Q1 24 | $958.5M | — | ||
| Q4 22 | $901.3M | — |
| Q4 25 | $17.3B | $91.3M | ||
| Q3 25 | $14.2B | $58.7M | ||
| Q2 25 | $11.3B | $38.2M | ||
| Q1 25 | $9.0B | $38.6M | ||
| Q4 24 | — | $38.6M | ||
| Q3 24 | — | $43.0M | ||
| Q1 24 | $6.3B | — | ||
| Q4 22 | $3.6B | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $120.8M | $-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.
| Q4 25 | $120.8M | $-2.5M | ||
| Q3 25 | $68.3M | $3.4M | ||
| Q2 25 | $31.9M | $220.7K | ||
| Q1 25 | $6.4M | $-601.1K | ||
| Q4 24 | — | $-1.3M | ||
| Q3 24 | — | $203.6K | ||
| Q1 24 | $-17.1M | — | ||
| Q4 22 | $30.1M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.0% | ||
| Q1 24 | — | — | ||
| Q4 22 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | 0.45× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q1 24 | -0.43× | — | ||
| Q4 22 | 0.69× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DX
Segment breakdown not available.
SMXT
| Yabucoa | $35.9M | 77% |
| Other | $10.7M | 23% |
