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Side-by-side financial comparison of Maxeon Solar Technologies, Ltd. (MAXN) and MEDICAL PROPERTIES TRUST INC (MPW). Click either name above to swap in a different company.

Maxeon Solar Technologies, Ltd. is the larger business by last-quarter revenue ($509.0M vs $270.3M, roughly 1.9× MEDICAL PROPERTIES TRUST INC). MEDICAL PROPERTIES TRUST INC runs the higher net margin — 6.5% vs -120.7%, a 127.2% gap on every dollar of revenue. On growth, MEDICAL PROPERTIES TRUST INC posted the faster year-over-year revenue change (16.6% vs -54.7%).

Maxeon Solar Technologies, Ltd. is a Singapore-based company that designs and manufactures photovoltaic panels. The company was previously a division of the American company SunPower. Maxeon was spun off from SunPower in August 2020. Maxeon was the primary provider of solar panels for SunPower through March 2024. Beyond the United States, Maxeon has sales operations in more than 100 countries and has the rights to use the SunPower brand in countries outside the United States.

Medical Properties Trust, Inc. (MPT) is an international real estate investment trust (REIT) based in Birmingham, Alabama that purchases and invests in healthcare facilities and for-profit healthcare holding companies, primarily in the United States and Europe. Their property acquisitions often come in the form of sale-leaseback agreements, in which the original property owner sells the property to MPT and becomes their tenant. MPT's tenants are generally subject to long-term triple net lease...

MAXN vs MPW — Head-to-Head

Bigger by revenue
MAXN
MAXN
1.9× larger
MAXN
$509.0M
$270.3M
MPW
Growing faster (revenue YoY)
MPW
MPW
+71.3% gap
MPW
16.6%
-54.7%
MAXN
Higher net margin
MPW
MPW
127.2% more per $
MPW
6.5%
-120.7%
MAXN

Income Statement — Q4 FY2024 vs Q4 FY2025

Metric
MAXN
MAXN
MPW
MPW
Revenue
$509.0M
$270.3M
Net Profit
$-614.3M
$17.6M
Gross Margin
95.8%
Operating Margin
-113.3%
9.7%
Net Margin
-120.7%
6.5%
Revenue YoY
-54.7%
16.6%
Net Profit YoY
-122.7%
104.3%
EPS (diluted)
$-96.00
$0.03

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
MAXN
MAXN
MPW
MPW
Q4 25
$270.3M
Q3 25
$237.5M
Q2 25
$240.4M
Q1 25
$223.8M
Q4 24
$509.0M
$231.8M
Q3 24
$225.8M
Q2 24
$266.6M
Q1 24
$271.3M
Net Profit
MAXN
MAXN
MPW
MPW
Q4 25
$17.6M
Q3 25
$-77.7M
Q2 25
$-98.4M
Q1 25
$-118.3M
Q4 24
$-614.3M
$-412.3M
Q3 24
$-801.2M
Q2 24
$-320.6M
Q1 24
$-875.6M
Gross Margin
MAXN
MAXN
MPW
MPW
Q4 25
95.8%
Q3 25
Q2 25
91.8%
Q1 25
63.6%
Q4 24
90.9%
Q3 24
96.5%
Q2 24
98.4%
Q1 24
84.9%
Operating Margin
MAXN
MAXN
MPW
MPW
Q4 25
9.7%
Q3 25
-28.0%
Q2 25
-36.7%
Q1 25
-48.5%
Q4 24
-113.3%
-173.7%
Q3 24
-350.7%
Q2 24
-114.5%
Q1 24
-318.6%
Net Margin
MAXN
MAXN
MPW
MPW
Q4 25
6.5%
Q3 25
-32.7%
Q2 25
-40.9%
Q1 25
-52.8%
Q4 24
-120.7%
-177.8%
Q3 24
-354.8%
Q2 24
-120.3%
Q1 24
-322.7%
EPS (diluted)
MAXN
MAXN
MPW
MPW
Q4 25
$0.03
Q3 25
$-0.13
Q2 25
$-0.16
Q1 25
$-0.20
Q4 24
$-96.00
$-0.68
Q3 24
$-1.34
Q2 24
$-0.54
Q1 24
$-1.46

Balance Sheet & Financial Strength

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

Metric
MAXN
MAXN
MPW
MPW
Cash + ST InvestmentsLiquidity on hand
$28.9M
$540.9M
Total DebtLower is stronger
$9.7B
Stockholders' EquityBook value
$-293.8M
$4.6B
Total Assets
$376.3M
$15.0B
Debt / EquityLower = less leverage
2.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAXN
MAXN
MPW
MPW
Q4 25
$540.9M
Q3 25
$396.6M
Q2 25
$509.8M
Q1 25
$673.5M
Q4 24
$28.9M
$332.3M
Q3 24
$275.6M
Q2 24
$606.5M
Q1 24
$224.3M
Total Debt
MAXN
MAXN
MPW
MPW
Q4 25
$9.7B
Q3 25
$9.6B
Q2 25
$9.6B
Q1 25
$9.5B
Q4 24
$8.8B
Q3 24
$9.2B
Q2 24
$9.4B
Q1 24
$10.1B
Stockholders' Equity
MAXN
MAXN
MPW
MPW
Q4 25
$4.6B
Q3 25
$4.7B
Q2 25
$4.8B
Q1 25
$4.8B
Q4 24
$-293.8M
$4.8B
Q3 24
$5.4B
Q2 24
$6.2B
Q1 24
$6.7B
Total Assets
MAXN
MAXN
MPW
MPW
Q4 25
$15.0B
Q3 25
$14.9B
Q2 25
$15.2B
Q1 25
$14.9B
Q4 24
$376.3M
$14.3B
Q3 24
$15.2B
Q2 24
$16.2B
Q1 24
$17.3B
Debt / Equity
MAXN
MAXN
MPW
MPW
Q4 25
2.11×
Q3 25
2.06×
Q2 25
2.00×
Q1 25
1.99×
Q4 24
1.83×
Q3 24
1.69×
Q2 24
1.51×
Q1 24
1.51×

Cash Flow & Capital Efficiency

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

Metric
MAXN
MAXN
MPW
MPW
Operating Cash FlowLast quarter
$-270.2M
$230.8M
Free Cash FlowOCF − Capex
$-322.3M
FCF MarginFCF / Revenue
-63.3%
Capex IntensityCapex / Revenue
10.2%
Cash ConversionOCF / Net Profit
13.11×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAXN
MAXN
MPW
MPW
Q4 25
$230.8M
Q3 25
$18.6M
Q2 25
$51.7M
Q1 25
$384.0K
Q4 24
$-270.2M
$245.5M
Q3 24
$59.2M
Q2 24
$35.3M
Q1 24
$74.3M
Free Cash Flow
MAXN
MAXN
MPW
MPW
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$-322.3M
Q3 24
Q2 24
Q1 24
FCF Margin
MAXN
MAXN
MPW
MPW
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-63.3%
Q3 24
Q2 24
Q1 24
Capex Intensity
MAXN
MAXN
MPW
MPW
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
10.2%
Q3 24
Q2 24
Q1 24
Cash Conversion
MAXN
MAXN
MPW
MPW
Q4 25
13.11×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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