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Side-by-side financial comparison of Maxeon Solar Technologies, Ltd. (MAXN) and Regency Centers (REG). 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 $404.2M, roughly 1.3× Regency Centers). Regency Centers runs the higher net margin — 50.1% vs -120.7%, a 170.8% gap on every dollar of revenue. On growth, Regency Centers posted the faster year-over-year revenue change (8.5% 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.

Regency Centers Corporation is a real estate investment trust based in Jacksonville, Florida, and is one of the largest operators of shopping centers with grocery stores as anchor tenants. As of October 21, 2020, the company owned 415 properties comprising 56-million-square feet of space. Notable properties owned by the company include Serramonte Center and a 30% interest in Village District.

MAXN vs REG — Head-to-Head

Bigger by revenue
MAXN
MAXN
1.3× larger
MAXN
$509.0M
$404.2M
REG
Growing faster (revenue YoY)
REG
REG
+63.2% gap
REG
8.5%
-54.7%
MAXN
Higher net margin
REG
REG
170.8% more per $
REG
50.1%
-120.7%
MAXN

Income Statement — Q4 FY2024 vs Q4 FY2025

Metric
MAXN
MAXN
REG
REG
Revenue
$509.0M
$404.2M
Net Profit
$-614.3M
$202.5M
Gross Margin
Operating Margin
-113.3%
71.0%
Net Margin
-120.7%
50.1%
Revenue YoY
-54.7%
8.5%
Net Profit YoY
-122.7%
134.1%
EPS (diluted)
$-96.00

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
REG
REG
Q4 25
$404.2M
Q3 25
$387.6M
Q2 25
$380.8M
Q1 25
$380.9M
Q4 24
$509.0M
$372.5M
Q3 24
$360.3M
Q2 24
$357.3M
Q1 24
$363.9M
Net Profit
MAXN
MAXN
REG
REG
Q4 25
$202.5M
Q3 25
$109.4M
Q2 25
$106.0M
Q1 25
$109.6M
Q4 24
$-614.3M
$86.5M
Q3 24
$101.5M
Q2 24
$102.7M
Q1 24
$109.8M
Operating Margin
MAXN
MAXN
REG
REG
Q4 25
71.0%
Q3 25
72.7%
Q2 25
73.8%
Q1 25
71.8%
Q4 24
-113.3%
71.1%
Q3 24
72.5%
Q2 24
72.3%
Q1 24
72.3%
Net Margin
MAXN
MAXN
REG
REG
Q4 25
50.1%
Q3 25
28.2%
Q2 25
27.8%
Q1 25
28.8%
Q4 24
-120.7%
23.2%
Q3 24
28.2%
Q2 24
28.7%
Q1 24
30.2%
EPS (diluted)
MAXN
MAXN
REG
REG
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$-96.00
Q3 24
Q2 24
Q1 24

Balance Sheet & Financial Strength

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

Metric
MAXN
MAXN
REG
REG
Cash + ST InvestmentsLiquidity on hand
$28.9M
Total DebtLower is stronger
$4.7B
Stockholders' EquityBook value
$-293.8M
$6.9B
Total Assets
$376.3M
$13.0B
Debt / EquityLower = less leverage
0.69×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAXN
MAXN
REG
REG
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$28.9M
Q3 24
Q2 24
Q1 24
Total Debt
MAXN
MAXN
REG
REG
Q4 25
$4.7B
Q3 25
$4.9B
Q2 25
$4.8B
Q1 25
$4.6B
Q4 24
$4.4B
Q3 24
$4.4B
Q2 24
$4.4B
Q1 24
$4.4B
Stockholders' Equity
MAXN
MAXN
REG
REG
Q4 25
$6.9B
Q3 25
$6.8B
Q2 25
$6.7B
Q1 25
$6.7B
Q4 24
$-293.8M
$6.7B
Q3 24
$6.8B
Q2 24
$6.8B
Q1 24
$7.0B
Total Assets
MAXN
MAXN
REG
REG
Q4 25
$13.0B
Q3 25
$13.1B
Q2 25
$12.7B
Q1 25
$12.6B
Q4 24
$376.3M
$12.4B
Q3 24
$12.4B
Q2 24
$12.4B
Q1 24
$12.7B
Debt / Equity
MAXN
MAXN
REG
REG
Q4 25
0.69×
Q3 25
0.72×
Q2 25
0.72×
Q1 25
0.69×
Q4 24
0.66×
Q3 24
0.65×
Q2 24
0.64×
Q1 24
0.63×

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
REG
REG
Operating Cash FlowLast quarter
$-270.2M
$203.9M
Free Cash FlowOCF − Capex
$-322.3M
FCF MarginFCF / Revenue
-63.3%
Capex IntensityCapex / Revenue
10.2%
Cash ConversionOCF / Net Profit
1.01×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAXN
MAXN
REG
REG
Q4 25
$203.9M
Q3 25
$218.7M
Q2 25
$244.0M
Q1 25
$161.0M
Q4 24
$-270.2M
$191.4M
Q3 24
$227.6M
Q2 24
$203.5M
Q1 24
$167.8M
Free Cash Flow
MAXN
MAXN
REG
REG
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$-322.3M
Q3 24
Q2 24
Q1 24
FCF Margin
MAXN
MAXN
REG
REG
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-63.3%
Q3 24
Q2 24
Q1 24
Capex Intensity
MAXN
MAXN
REG
REG
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
10.2%
Q3 24
Q2 24
Q1 24
Cash Conversion
MAXN
MAXN
REG
REG
Q4 25
1.01×
Q3 25
2.00×
Q2 25
2.30×
Q1 25
1.47×
Q4 24
2.21×
Q3 24
2.24×
Q2 24
1.98×
Q1 24
1.53×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MAXN
MAXN

Segment breakdown not available.

REG
REG

Shopping Centers$418.0M103%
Propertymanagementservices$4.1M1%
Assetmanagementservices$1.7M0%

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