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Side-by-side financial comparison of Maxeon Solar Technologies, Ltd. (MAXN) and PORTLAND GENERAL ELECTRIC CO (POR). Click either name above to swap in a different company.

PORTLAND GENERAL ELECTRIC CO is the larger business by last-quarter revenue ($889.0M vs $509.0M, roughly 1.7× Maxeon Solar Technologies, Ltd.). PORTLAND GENERAL ELECTRIC CO runs the higher net margin — 4.6% vs -120.7%, a 125.3% gap on every dollar of revenue. On growth, PORTLAND GENERAL ELECTRIC CO posted the faster year-over-year revenue change (7.9% vs -54.7%). PORTLAND GENERAL ELECTRIC CO produced more free cash flow last quarter ($-142.0M vs $-322.3M).

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.

Portland General Electric (PGE) is a Fortune 1000, publicly traded energy company based in Portland, Oregon, that generates, transmits and distributes electricity, serving almost two-thirds of Oregon's commercial and industrial activity. PGE is regulated by the Oregon Public Utility Commission. Founded in 1888 as the Willamette Falls Electric Company, the company has been an independent company for most of its existence, though was briefly owned by the Houston-based Enron Corporation from 199...

MAXN vs POR — Head-to-Head

Bigger by revenue
POR
POR
1.7× larger
POR
$889.0M
$509.0M
MAXN
Growing faster (revenue YoY)
POR
POR
+62.6% gap
POR
7.9%
-54.7%
MAXN
Higher net margin
POR
POR
125.3% more per $
POR
4.6%
-120.7%
MAXN
More free cash flow
POR
POR
$180.3M more FCF
POR
$-142.0M
$-322.3M
MAXN

Income Statement — Q4 FY2024 vs Q4 FY2025

Metric
MAXN
MAXN
POR
POR
Revenue
$509.0M
$889.0M
Net Profit
$-614.3M
$41.0M
Gross Margin
Operating Margin
-113.3%
10.7%
Net Margin
-120.7%
4.6%
Revenue YoY
-54.7%
7.9%
Net Profit YoY
-122.7%
7.9%
EPS (diluted)
$-96.00
$0.36

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
POR
POR
Q4 25
$889.0M
Q3 25
$952.0M
Q2 25
$807.0M
Q1 25
$928.0M
Q4 24
$509.0M
$824.0M
Q3 24
$929.0M
Q2 24
$758.0M
Q1 24
$929.0M
Net Profit
MAXN
MAXN
POR
POR
Q4 25
$41.0M
Q3 25
$103.0M
Q2 25
$62.0M
Q1 25
$100.0M
Q4 24
$-614.3M
$38.0M
Q3 24
$94.0M
Q2 24
$72.0M
Q1 24
$109.0M
Operating Margin
MAXN
MAXN
POR
POR
Q4 25
10.7%
Q3 25
18.3%
Q2 25
14.6%
Q1 25
18.1%
Q4 24
-113.3%
10.7%
Q3 24
15.7%
Q2 24
15.3%
Q1 24
17.4%
Net Margin
MAXN
MAXN
POR
POR
Q4 25
4.6%
Q3 25
10.8%
Q2 25
7.7%
Q1 25
10.8%
Q4 24
-120.7%
4.6%
Q3 24
10.1%
Q2 24
9.5%
Q1 24
11.7%
EPS (diluted)
MAXN
MAXN
POR
POR
Q4 25
$0.36
Q3 25
$0.94
Q2 25
$0.56
Q1 25
$0.91
Q4 24
$-96.00
$0.34
Q3 24
$0.90
Q2 24
$0.69
Q1 24
$1.08

Balance Sheet & Financial Strength

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

Metric
MAXN
MAXN
POR
POR
Cash + ST InvestmentsLiquidity on hand
$28.9M
Total DebtLower is stronger
$4.7B
Stockholders' EquityBook value
$-293.8M
$4.1B
Total Assets
$376.3M
$13.2B
Debt / EquityLower = less leverage
1.13×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAXN
MAXN
POR
POR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$28.9M
Q3 24
Q2 24
Q1 24
Total Debt
MAXN
MAXN
POR
POR
Q4 25
$4.7B
Q3 25
$4.7B
Q2 25
$4.7B
Q1 25
$4.7B
Q4 24
$4.5B
Q3 24
$4.4B
Q2 24
$4.4B
Q1 24
$4.4B
Stockholders' Equity
MAXN
MAXN
POR
POR
Q4 25
$4.1B
Q3 25
$4.0B
Q2 25
$3.9B
Q1 25
$3.8B
Q4 24
$-293.8M
$3.8B
Q3 24
$3.6B
Q2 24
$3.5B
Q1 24
$3.5B
Total Assets
MAXN
MAXN
POR
POR
Q4 25
$13.2B
Q3 25
$13.0B
Q2 25
$12.7B
Q1 25
$12.7B
Q4 24
$376.3M
$12.5B
Q3 24
$11.9B
Q2 24
$11.6B
Q1 24
$11.6B
Debt / Equity
MAXN
MAXN
POR
POR
Q4 25
1.13×
Q3 25
1.20×
Q2 25
1.23×
Q1 25
1.23×
Q4 24
1.20×
Q3 24
1.22×
Q2 24
1.27×
Q1 24
1.28×

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
POR
POR
Operating Cash FlowLast quarter
$-270.2M
$148.0M
Free Cash FlowOCF − Capex
$-322.3M
$-142.0M
FCF MarginFCF / Revenue
-63.3%
-16.0%
Capex IntensityCapex / Revenue
10.2%
32.6%
Cash ConversionOCF / Net Profit
3.61×
TTM Free Cash FlowTrailing 4 quarters
$-71.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAXN
MAXN
POR
POR
Q4 25
$148.0M
Q3 25
$403.0M
Q2 25
$336.0M
Q1 25
$231.0M
Q4 24
$-270.2M
$170.0M
Q3 24
$244.0M
Q2 24
$189.0M
Q1 24
$175.0M
Free Cash Flow
MAXN
MAXN
POR
POR
Q4 25
$-142.0M
Q3 25
$100.0M
Q2 25
$99.0M
Q1 25
$-128.0M
Q4 24
$-322.3M
$-222.0M
Q3 24
$-9.0M
Q2 24
$-109.0M
Q1 24
$-150.0M
FCF Margin
MAXN
MAXN
POR
POR
Q4 25
-16.0%
Q3 25
10.5%
Q2 25
12.3%
Q1 25
-13.8%
Q4 24
-63.3%
-26.9%
Q3 24
-1.0%
Q2 24
-14.4%
Q1 24
-16.1%
Capex Intensity
MAXN
MAXN
POR
POR
Q4 25
32.6%
Q3 25
31.8%
Q2 25
29.4%
Q1 25
38.7%
Q4 24
10.2%
47.6%
Q3 24
27.2%
Q2 24
39.3%
Q1 24
35.0%
Cash Conversion
MAXN
MAXN
POR
POR
Q4 25
3.61×
Q3 25
3.91×
Q2 25
5.42×
Q1 25
2.31×
Q4 24
4.47×
Q3 24
2.60×
Q2 24
2.63×
Q1 24
1.61×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MAXN
MAXN

Segment breakdown not available.

POR
POR

Other$507.0M57%
Commercial$231.0M26%
Industrial$140.0M16%
Direct Accesscustomers$11.0M1%

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