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Side-by-side financial comparison of LXP Industrial Trust (LXP) and SolarMax Technology, Inc. (SMXT). Click either name above to swap in a different company.
LXP Industrial Trust is the larger business by last-quarter revenue ($86.7M vs $46.6M, roughly 1.9× SolarMax Technology, Inc.). LXP Industrial Trust runs the higher net margin — 33.2% vs -1.9%, a 35.0% gap on every dollar of revenue. On growth, SolarMax Technology, Inc. posted the faster year-over-year revenue change (623.5% vs -14.0%).
LXP Industrial Trust is a publicly traded real estate investment trust (REIT) that owns, operates, and invests in high-quality industrial real estate assets, primarily distribution centers, logistics facilities, and light industrial properties across key markets in the United States. Its tenant base covers e-commerce, third-party logistics, and advanced manufacturing sectors, delivering stable long-term returns for its investors.
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.
LXP vs SMXT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $86.7M | $46.6M |
| Net Profit | $28.8M | $-872.2K |
| Gross Margin | 81.5% | 2.7% |
| Operating Margin | 34.6% | -2.7% |
| Net Margin | 33.2% | -1.9% |
| Revenue YoY | -14.0% | 623.5% |
| Net Profit YoY | — | 77.7% |
| EPS (diluted) | — | $-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 | $86.7M | $46.6M | ||
| Q3 25 | $86.9M | $30.6M | ||
| Q2 25 | $87.7M | $6.9M | ||
| Q1 25 | $88.9M | $6.9M | ||
| Q4 24 | $100.9M | $6.4M | ||
| Q3 24 | $85.6M | $6.3M | ||
| Q2 24 | $85.8M | — | ||
| Q1 24 | $86.3M | — |
| Q4 25 | $28.8M | $-872.2K | ||
| Q3 25 | $36.3M | $-2.3M | ||
| Q2 25 | $29.1M | $-1.9M | ||
| Q1 25 | $19.0M | $-1.3M | ||
| Q4 24 | — | $-3.9M | ||
| Q3 24 | $6.3M | $-9.6M | ||
| Q2 24 | $5.4M | — | ||
| Q1 24 | $-269.0K | — |
| Q4 25 | 81.5% | 2.7% | ||
| Q3 25 | 82.3% | 3.1% | ||
| Q2 25 | 81.9% | 8.8% | ||
| Q1 25 | 80.7% | 20.5% | ||
| Q4 24 | 85.3% | 14.5% | ||
| Q3 24 | 82.5% | 19.9% | ||
| Q2 24 | 82.0% | — | ||
| Q1 24 | 82.4% | — |
| Q4 25 | 34.6% | -2.7% | ||
| Q3 25 | 50.4% | -6.9% | ||
| Q2 25 | 33.7% | -25.7% | ||
| Q1 25 | 21.8% | -16.7% | ||
| Q4 24 | — | -27.9% | ||
| Q3 24 | 7.9% | -158.4% | ||
| Q2 24 | 6.9% | — | ||
| Q1 24 | 1.0% | — |
| Q4 25 | 33.2% | -1.9% | ||
| Q3 25 | 41.7% | -7.4% | ||
| Q2 25 | 33.2% | -27.6% | ||
| Q1 25 | 21.4% | -18.7% | ||
| Q4 24 | — | -60.6% | ||
| Q3 24 | 7.4% | -152.0% | ||
| Q2 24 | 6.3% | — | ||
| Q1 24 | -0.3% | — |
| Q4 25 | — | $-0.02 | ||
| Q3 25 | $0.12 | $-0.04 | ||
| Q2 25 | $0.09 | $-0.04 | ||
| Q1 25 | $0.06 | $-0.03 | ||
| Q4 24 | — | $-0.07 | ||
| Q3 24 | $0.02 | $-0.21 | ||
| Q2 24 | $0.01 | — | ||
| Q1 24 | $-0.01 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $170.4M | $8.0M |
| Total DebtLower is stronger | $1.4B | — |
| Stockholders' EquityBook value | $2.0B | $-12.2M |
| Total Assets | $3.5B | $91.3M |
| Debt / EquityLower = less leverage | 0.66× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $170.4M | $8.0M | ||
| Q3 25 | $229.7M | $5.7M | ||
| Q2 25 | $71.0M | $1.9M | ||
| Q1 25 | $70.9M | $6.8M | ||
| Q4 24 | $101.8M | $7.1M | ||
| Q3 24 | $55.0M | $8.6M | ||
| Q2 24 | $48.7M | — | ||
| Q1 24 | $293.8M | — |
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $2.0B | $-12.2M | ||
| Q3 25 | $2.1B | $-11.8M | ||
| Q2 25 | $2.1B | $-15.1M | ||
| Q1 25 | $2.1B | $-15.9M | ||
| Q4 24 | $2.1B | $-15.1M | ||
| Q3 24 | $2.1B | $-10.9M | ||
| Q2 24 | $2.1B | — | ||
| Q1 24 | $2.2B | — |
| Q4 25 | $3.5B | $91.3M | ||
| Q3 25 | $3.7B | $58.7M | ||
| Q2 25 | $3.7B | $38.2M | ||
| Q1 25 | $3.8B | $38.6M | ||
| Q4 24 | $3.8B | $38.6M | ||
| Q3 24 | $3.9B | $43.0M | ||
| Q2 24 | $3.9B | — | ||
| Q1 24 | $4.2B | — |
| Q4 25 | 0.66× | — | ||
| Q3 25 | 0.72× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 0.73× | — | ||
| Q4 24 | 0.75× | — | ||
| Q3 24 | — | — | ||
| Q2 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $188.7M | $-2.5M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 6.56× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $188.7M | $-2.5M | ||
| Q3 25 | $63.5M | $3.4M | ||
| Q2 25 | $44.3M | $220.7K | ||
| Q1 25 | $39.0M | $-601.1K | ||
| Q4 24 | $211.2M | $-1.3M | ||
| Q3 24 | $64.6M | $203.6K | ||
| Q2 24 | $38.5M | — | ||
| Q1 24 | $38.9M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 6.56× | — | ||
| Q3 25 | 1.75× | — | ||
| Q2 25 | 1.52× | — | ||
| Q1 25 | 2.05× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 10.18× | — | ||
| Q2 24 | 7.09× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LXP
Segment breakdown not available.
SMXT
| Yabucoa | $35.9M | 77% |
| Other | $10.7M | 23% |
