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Side-by-side financial comparison of Neptune Insurance Holdings Inc. (NP) and SolarMax Technology, Inc. (SMXT). Click either name above to swap in a different company.
SolarMax Technology, Inc. is the larger business by last-quarter revenue ($46.6M vs $37.8M, roughly 1.2× Neptune Insurance Holdings Inc.). Neptune Insurance Holdings Inc. runs the higher net margin — 0.1% vs -1.9%, a 2.0% gap on every dollar of revenue. On growth, SolarMax Technology, Inc. posted the faster year-over-year revenue change (623.5% vs 28.8%).
Neptune Insurance Holdings Inc. is a specialty insurance holding company that offers a broad portfolio of property and casualty insurance products, with a core focus on residential and commercial flood insurance for customers across the United States. It serves both individual consumers and small to mid-sized business clients, using advanced data analytics to support accurate policy pricing and robust risk management.
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.
NP vs SMXT — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $37.8M | $46.6M |
| Net Profit | $50.0K | $-872.2K |
| Gross Margin | — | 2.7% |
| Operating Margin | — | -2.7% |
| Net Margin | 0.1% | -1.9% |
| Revenue YoY | 28.8% | 623.5% |
| Net Profit YoY | 0.0% | 77.7% |
| EPS (diluted) | $0.05 | $-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.
| Q1 26 | $37.8M | — | ||
| Q4 25 | — | $46.6M | ||
| Q3 25 | $44.4M | $30.6M | ||
| Q2 25 | — | $6.9M | ||
| Q1 25 | — | $6.9M | ||
| Q4 24 | — | $6.4M | ||
| Q3 24 | $33.8M | $6.3M |
| Q1 26 | $50.0K | — | ||
| Q4 25 | — | $-872.2K | ||
| Q3 25 | $11.5M | $-2.3M | ||
| Q2 25 | — | $-1.9M | ||
| Q1 25 | — | $-1.3M | ||
| Q4 24 | — | $-3.9M | ||
| Q3 24 | $12.1M | $-9.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.7% | ||
| Q3 25 | — | 3.1% | ||
| Q2 25 | — | 8.8% | ||
| Q1 25 | — | 20.5% | ||
| Q4 24 | — | 14.5% | ||
| Q3 24 | — | 19.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | -2.7% | ||
| Q3 25 | 46.7% | -6.9% | ||
| Q2 25 | — | -25.7% | ||
| Q1 25 | — | -16.7% | ||
| Q4 24 | — | -27.9% | ||
| Q3 24 | 58.6% | -158.4% |
| Q1 26 | 0.1% | — | ||
| Q4 25 | — | -1.9% | ||
| Q3 25 | 25.9% | -7.4% | ||
| Q2 25 | — | -27.6% | ||
| Q1 25 | — | -18.7% | ||
| Q4 24 | — | -60.6% | ||
| Q3 24 | 35.8% | -152.0% |
| Q1 26 | $0.05 | — | ||
| Q4 25 | — | $-0.02 | ||
| Q3 25 | $0.06 | $-0.04 | ||
| Q2 25 | — | $-0.04 | ||
| Q1 25 | — | $-0.03 | ||
| Q4 24 | — | $-0.07 | ||
| Q3 24 | $0.06 | $-0.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $8.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $-12.2M |
| Total Assets | — | $91.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $8.0M | ||
| Q3 25 | $12.2M | $5.7M | ||
| Q2 25 | — | $1.9M | ||
| Q1 25 | — | $6.8M | ||
| Q4 24 | — | $7.1M | ||
| Q3 24 | — | $8.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $247.6M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $-12.2M | ||
| Q3 25 | $-509.5M | $-11.8M | ||
| Q2 25 | — | $-15.1M | ||
| Q1 25 | — | $-15.9M | ||
| Q4 24 | — | $-15.1M | ||
| Q3 24 | $-374.3M | $-10.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | $91.3M | ||
| Q3 25 | $89.6M | $58.7M | ||
| Q2 25 | — | $38.2M | ||
| Q1 25 | — | $38.6M | ||
| Q4 24 | — | $38.6M | ||
| Q3 24 | — | $43.0M |
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 | — | $-2.5M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $-2.5M | ||
| Q3 25 | $38.9M | $3.4M | ||
| Q2 25 | — | $220.7K | ||
| Q1 25 | — | $-601.1K | ||
| Q4 24 | — | $-1.3M | ||
| Q3 24 | — | $203.6K |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 3.38× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NP
Segment breakdown not available.
SMXT
| Yabucoa | $35.9M | 77% |
| Other | $10.7M | 23% |
