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Side-by-side financial comparison of Logistic Properties of the Americas (LPA) and SolarMax Technology, Inc. (SMXT). Click either name above to swap in a different company.

Logistic Properties of the Americas is the larger business by last-quarter revenue ($50.1M vs $46.6M, roughly 1.1× SolarMax Technology, Inc.). Logistic Properties of the Americas runs the higher net margin — 32.1% vs -1.9%, a 34.0% gap on every dollar of revenue.

Logistic Properties of the Americas is a specialized industrial real estate firm that acquires, develops and manages logistics properties across North, Central and South America. Its portfolio includes distribution centers, warehouses and last-mile delivery facilities, serving e-commerce, retail, manufacturing and third-party logistics clients.

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.

LPA vs SMXT — Head-to-Head

Bigger by revenue
LPA
LPA
1.1× larger
LPA
$50.1M
$46.6M
SMXT
Higher net margin
LPA
LPA
34.0% more per $
LPA
32.1%
-1.9%
SMXT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LPA
LPA
SMXT
SMXT
Revenue
$50.1M
$46.6M
Net Profit
$16.1M
$-872.2K
Gross Margin
2.7%
Operating Margin
81.7%
-2.7%
Net Margin
32.1%
-1.9%
Revenue YoY
623.5%
Net Profit YoY
77.7%
EPS (diluted)
$0.33
$-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
LPA
LPA
SMXT
SMXT
Q4 25
$50.1M
$46.6M
Q3 25
$32.7M
$30.6M
Q2 25
$21.5M
$6.9M
Q1 25
$10.5M
$6.9M
Q4 24
$6.4M
Q3 24
$19.2M
$6.3M
Q1 24
$9.2M
Net Profit
LPA
LPA
SMXT
SMXT
Q4 25
$16.1M
$-872.2K
Q3 25
$-2.3M
Q2 25
$-1.9M
Q1 25
$-1.3M
Q4 24
$-3.9M
Q3 24
$-9.6M
Q1 24
Gross Margin
LPA
LPA
SMXT
SMXT
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
Operating Margin
LPA
LPA
SMXT
SMXT
Q4 25
81.7%
-2.7%
Q3 25
-6.9%
Q2 25
-25.7%
Q1 25
-16.7%
Q4 24
-27.9%
Q3 24
-158.4%
Q1 24
Net Margin
LPA
LPA
SMXT
SMXT
Q4 25
32.1%
-1.9%
Q3 25
-7.4%
Q2 25
-27.6%
Q1 25
-18.7%
Q4 24
-60.6%
Q3 24
-152.0%
Q1 24
EPS (diluted)
LPA
LPA
SMXT
SMXT
Q4 25
$0.33
$-0.02
Q3 25
$0.09
$-0.04
Q2 25
$-0.06
$-0.04
Q1 25
$-0.03
Q4 24
$-0.07
Q3 24
$-1.26
$-0.21
Q1 24

Balance Sheet & Financial Strength

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

Metric
LPA
LPA
SMXT
SMXT
Cash + ST InvestmentsLiquidity on hand
$27.3M
$8.0M
Total DebtLower is stronger
$296.8M
Stockholders' EquityBook value
$324.6M
$-12.2M
Total Assets
$700.8M
$91.3M
Debt / EquityLower = less leverage
0.91×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LPA
LPA
SMXT
SMXT
Q4 25
$27.3M
$8.0M
Q3 25
$5.7M
Q2 25
$1.9M
Q1 25
$6.8M
Q4 24
$7.1M
Q3 24
$8.6M
Q1 24
$1.1M
Total Debt
LPA
LPA
SMXT
SMXT
Q4 25
$296.8M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q1 24
Stockholders' Equity
LPA
LPA
SMXT
SMXT
Q4 25
$324.6M
$-12.2M
Q3 25
$-11.8M
Q2 25
$-15.1M
Q1 25
$-15.9M
Q4 24
$-15.1M
Q3 24
$-10.9M
Q1 24
Total Assets
LPA
LPA
SMXT
SMXT
Q4 25
$700.8M
$91.3M
Q3 25
$58.7M
Q2 25
$38.2M
Q1 25
$38.6M
Q4 24
$38.6M
Q3 24
$43.0M
Q1 24
Debt / Equity
LPA
LPA
SMXT
SMXT
Q4 25
0.91×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
LPA
LPA
SMXT
SMXT
Operating Cash FlowLast quarter
$21.6M
$-2.5M
Free Cash FlowOCF − Capex
$21.4M
FCF MarginFCF / Revenue
42.7%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
1.34×
TTM Free Cash FlowTrailing 4 quarters
$12.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LPA
LPA
SMXT
SMXT
Q4 25
$21.6M
$-2.5M
Q3 25
$14.4M
$3.4M
Q2 25
$7.2M
$220.7K
Q1 25
$4.4M
$-601.1K
Q4 24
$-1.3M
Q3 24
$8.3M
$203.6K
Q1 24
$4.8M
Free Cash Flow
LPA
LPA
SMXT
SMXT
Q4 25
$21.4M
Q3 25
$-7.3M
Q2 25
$-3.1M
Q1 25
$966.4K
Q4 24
Q3 24
$-2.4M
Q1 24
$218.9K
FCF Margin
LPA
LPA
SMXT
SMXT
Q4 25
42.7%
Q3 25
-22.2%
Q2 25
-14.4%
Q1 25
9.2%
Q4 24
Q3 24
-12.3%
Q1 24
2.4%
Capex Intensity
LPA
LPA
SMXT
SMXT
Q4 25
0.3%
Q3 25
66.1%
Q2 25
47.9%
Q1 25
32.5%
Q4 24
Q3 24
55.5%
0.0%
Q1 24
50.0%
Cash Conversion
LPA
LPA
SMXT
SMXT
Q4 25
1.34×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

LPA
LPA

Segment breakdown not available.

SMXT
SMXT

Yabucoa$35.9M77%
Other$10.7M23%

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