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Side-by-side financial comparison of Maxeon Solar Technologies, Ltd. (MAXN) and Smith Douglas Homes Corp. (SDHC). 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 $260.4M, roughly 2.0× Smith Douglas Homes Corp.). Smith Douglas Homes Corp. runs the higher net margin — 1.4% vs -120.7%, a 122.0% gap on every dollar of revenue. On growth, Smith Douglas Homes Corp. posted the faster year-over-year revenue change (-9.4% vs -54.7%). Smith Douglas Homes Corp. produced more free cash flow last quarter ($8.7M 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.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
MAXN vs SDHC — Head-to-Head
Income Statement — Q4 FY2024 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $509.0M | $260.4M |
| Net Profit | $-614.3M | $3.5M |
| Gross Margin | — | 19.9% |
| Operating Margin | -113.3% | 6.5% |
| Net Margin | -120.7% | 1.4% |
| Revenue YoY | -54.7% | -9.4% |
| Net Profit YoY | -122.7% | -14.3% |
| EPS (diluted) | $-96.00 | $0.39 |
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 | — | $260.4M | ||
| Q3 25 | — | $262.0M | ||
| Q2 25 | — | $223.9M | ||
| Q1 25 | — | $224.7M | ||
| Q4 24 | $509.0M | $287.5M | ||
| Q3 24 | — | $277.8M | ||
| Q2 24 | — | $220.9M | ||
| Q1 24 | — | $189.2M |
| Q4 25 | — | $3.5M | ||
| Q3 25 | — | $2.1M | ||
| Q2 25 | — | $2.4M | ||
| Q1 25 | — | $2.7M | ||
| Q4 24 | $-614.3M | $4.1M | ||
| Q3 24 | — | $5.3M | ||
| Q2 24 | — | $3.6M | ||
| Q1 24 | — | $3.0M |
| Q4 25 | — | 19.9% | ||
| Q3 25 | — | 21.0% | ||
| Q2 25 | — | 23.2% | ||
| Q1 25 | — | 23.8% | ||
| Q4 24 | — | 25.5% | ||
| Q3 24 | — | 26.5% | ||
| Q2 24 | — | 26.7% | ||
| Q1 24 | — | 26.1% |
| Q4 25 | — | 6.5% | ||
| Q3 25 | — | 6.6% | ||
| Q2 25 | — | 7.7% | ||
| Q1 25 | — | 8.7% | ||
| Q4 24 | -113.3% | 10.4% | ||
| Q3 24 | — | 14.2% | ||
| Q2 24 | — | 11.7% | ||
| Q1 24 | — | 11.3% |
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 0.8% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | -120.7% | 1.4% | ||
| Q3 24 | — | 1.9% | ||
| Q2 24 | — | 1.7% | ||
| Q1 24 | — | 1.6% |
| Q4 25 | — | $0.39 | ||
| Q3 25 | — | $0.24 | ||
| Q2 25 | — | $0.26 | ||
| Q1 25 | — | $0.30 | ||
| Q4 24 | $-96.00 | $0.50 | ||
| Q3 24 | — | $0.58 | ||
| Q2 24 | — | $0.40 | ||
| Q1 24 | — | $0.33 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $28.9M | $12.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-293.8M | $86.7M |
| Total Assets | $376.3M | $557.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $12.7M | ||
| Q3 25 | — | $14.8M | ||
| Q2 25 | — | $16.8M | ||
| Q1 25 | — | $12.7M | ||
| Q4 24 | $28.9M | $22.4M | ||
| Q3 24 | — | $23.7M | ||
| Q2 24 | — | $17.3M | ||
| Q1 24 | — | $32.8M |
| Q4 25 | — | $86.7M | ||
| Q3 25 | — | $82.2M | ||
| Q2 25 | — | $80.0M | ||
| Q1 25 | — | $76.9M | ||
| Q4 24 | $-293.8M | $73.6M | ||
| Q3 24 | — | $68.4M | ||
| Q2 24 | — | $62.1M | ||
| Q1 24 | — | $59.7M |
| Q4 25 | — | $557.6M | ||
| Q3 25 | — | $571.6M | ||
| Q2 25 | — | $570.2M | ||
| Q1 25 | — | $513.9M | ||
| Q4 24 | $376.3M | $475.9M | ||
| Q3 24 | — | $460.1M | ||
| Q2 24 | — | $429.3M | ||
| Q1 24 | — | $401.3M |
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 | $-270.2M | $9.8M |
| Free Cash FlowOCF − Capex | $-322.3M | $8.7M |
| FCF MarginFCF / Revenue | -63.3% | 3.4% |
| Capex IntensityCapex / Revenue | 10.2% | 0.4% |
| Cash ConversionOCF / Net Profit | — | 2.77× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-36.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $9.8M | ||
| Q3 25 | — | $22.8M | ||
| Q2 25 | — | $-28.9M | ||
| Q1 25 | — | $-34.9M | ||
| Q4 24 | $-270.2M | $5.5M | ||
| Q3 24 | — | $22.9M | ||
| Q2 24 | — | $39.0K | ||
| Q1 24 | — | $-9.3M |
| Q4 25 | — | $8.7M | ||
| Q3 25 | — | $21.4M | ||
| Q2 25 | — | $-31.1M | ||
| Q1 25 | — | $-35.9M | ||
| Q4 24 | $-322.3M | $4.8M | ||
| Q3 24 | — | $22.3M | ||
| Q2 24 | — | $-2.1M | ||
| Q1 24 | — | $-9.7M |
| Q4 25 | — | 3.4% | ||
| Q3 25 | — | 8.2% | ||
| Q2 25 | — | -13.9% | ||
| Q1 25 | — | -16.0% | ||
| Q4 24 | -63.3% | 1.7% | ||
| Q3 24 | — | 8.0% | ||
| Q2 24 | — | -1.0% | ||
| Q1 24 | — | -5.1% |
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | 10.2% | 0.2% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 1.0% | ||
| Q1 24 | — | 0.2% |
| Q4 25 | — | 2.77× | ||
| Q3 25 | — | 10.70× | ||
| Q2 25 | — | -12.24× | ||
| Q1 25 | — | -13.01× | ||
| Q4 24 | — | 1.33× | ||
| Q3 24 | — | 4.28× | ||
| Q2 24 | — | 0.01× | ||
| Q1 24 | — | -3.12× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MAXN
Segment breakdown not available.
SDHC
| Southeast | $164.7M | 63% |
| Central | $95.8M | 37% |
