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Side-by-side financial comparison of PUMA BIOTECHNOLOGY, INC. (PBYI) and SolarMax Technology, Inc. (SMXT). Click either name above to swap in a different company.

PUMA BIOTECHNOLOGY, INC. is the larger business by last-quarter revenue ($75.5M vs $46.6M, roughly 1.6× SolarMax Technology, Inc.). On growth, SolarMax Technology, Inc. posted the faster year-over-year revenue change (623.5% vs 27.7%).

Puma Biotechnology is a publicly traded biopharmaceutical company headquartered in Los Angeles, CA.

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.

PBYI vs SMXT — Head-to-Head

Bigger by revenue
PBYI
PBYI
1.6× larger
PBYI
$75.5M
$46.6M
SMXT
Growing faster (revenue YoY)
SMXT
SMXT
+595.8% gap
SMXT
623.5%
27.7%
PBYI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PBYI
PBYI
SMXT
SMXT
Revenue
$75.5M
$46.6M
Net Profit
$-872.2K
Gross Margin
69.3%
2.7%
Operating Margin
22.7%
-2.7%
Net Margin
-1.9%
Revenue YoY
27.7%
623.5%
Net Profit YoY
77.7%
EPS (diluted)
$0.26
$-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.

Revenue
PBYI
PBYI
SMXT
SMXT
Q4 25
$75.5M
$46.6M
Q3 25
$54.5M
$30.6M
Q2 25
$52.4M
$6.9M
Q1 25
$46.0M
$6.9M
Q4 24
$59.1M
$6.4M
Q3 24
$80.5M
$6.3M
Q2 24
$47.1M
Q1 24
$43.8M
Net Profit
PBYI
PBYI
SMXT
SMXT
Q4 25
$-872.2K
Q3 25
$8.8M
$-2.3M
Q2 25
$5.9M
$-1.9M
Q1 25
$3.0M
$-1.3M
Q4 24
$-3.9M
Q3 24
$20.3M
$-9.6M
Q2 24
$-4.5M
Q1 24
$-4.8M
Gross Margin
PBYI
PBYI
SMXT
SMXT
Q4 25
69.3%
2.7%
Q3 25
77.7%
3.1%
Q2 25
76.5%
8.8%
Q1 25
77.1%
20.5%
Q4 24
76.4%
14.5%
Q3 24
63.9%
19.9%
Q2 24
77.4%
Q1 24
75.5%
Operating Margin
PBYI
PBYI
SMXT
SMXT
Q4 25
22.7%
-2.7%
Q3 25
17.6%
-6.9%
Q2 25
12.7%
-25.7%
Q1 25
8.7%
-16.7%
Q4 24
22.6%
-27.9%
Q3 24
27.4%
-158.4%
Q2 24
-4.6%
Q1 24
-5.3%
Net Margin
PBYI
PBYI
SMXT
SMXT
Q4 25
-1.9%
Q3 25
16.2%
-7.4%
Q2 25
11.2%
-27.6%
Q1 25
6.5%
-18.7%
Q4 24
-60.6%
Q3 24
25.2%
-152.0%
Q2 24
-9.6%
Q1 24
-11.0%
EPS (diluted)
PBYI
PBYI
SMXT
SMXT
Q4 25
$0.26
$-0.02
Q3 25
$0.17
$-0.04
Q2 25
$0.12
$-0.04
Q1 25
$0.06
$-0.03
Q4 24
$0.40
$-0.07
Q3 24
$0.41
$-0.21
Q2 24
$-0.09
Q1 24
$-0.10

Balance Sheet & Financial Strength

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

Metric
PBYI
PBYI
SMXT
SMXT
Cash + ST InvestmentsLiquidity on hand
$97.5M
$8.0M
Total DebtLower is stronger
$22.7M
Stockholders' EquityBook value
$130.3M
$-12.2M
Total Assets
$216.3M
$91.3M
Debt / EquityLower = less leverage
0.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PBYI
PBYI
SMXT
SMXT
Q4 25
$97.5M
$8.0M
Q3 25
$94.4M
$5.7M
Q2 25
$96.0M
$1.9M
Q1 25
$93.2M
$6.8M
Q4 24
$101.0M
$7.1M
Q3 24
$96.7M
$8.6M
Q2 24
$96.8M
Q1 24
$107.2M
Total Debt
PBYI
PBYI
SMXT
SMXT
Q4 25
$22.7M
Q3 25
$34.0M
Q2 25
$45.3M
Q1 25
$56.7M
Q4 24
$68.0M
Q3 24
$79.3M
Q2 24
$90.7M
Q1 24
$102.0M
Stockholders' Equity
PBYI
PBYI
SMXT
SMXT
Q4 25
$130.3M
$-12.2M
Q3 25
$115.3M
$-11.8M
Q2 25
$104.7M
$-15.1M
Q1 25
$97.1M
$-15.9M
Q4 24
$92.1M
$-15.1M
Q3 24
$71.1M
$-10.9M
Q2 24
$48.5M
Q1 24
$51.0M
Total Assets
PBYI
PBYI
SMXT
SMXT
Q4 25
$216.3M
$91.3M
Q3 25
$202.9M
$58.7M
Q2 25
$194.9M
$38.2M
Q1 25
$196.2M
$38.6M
Q4 24
$213.3M
$38.6M
Q3 24
$220.7M
$43.0M
Q2 24
$205.0M
Q1 24
$214.1M
Debt / Equity
PBYI
PBYI
SMXT
SMXT
Q4 25
0.17×
Q3 25
0.30×
Q2 25
0.43×
Q1 25
0.58×
Q4 24
0.74×
Q3 24
1.12×
Q2 24
1.87×
Q1 24
2.00×

Cash Flow & Capital Efficiency

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

Metric
PBYI
PBYI
SMXT
SMXT
Operating Cash FlowLast quarter
$14.4M
$-2.5M
Free Cash FlowOCF − Capex
$14.4M
FCF MarginFCF / Revenue
19.1%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$41.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PBYI
PBYI
SMXT
SMXT
Q4 25
$14.4M
$-2.5M
Q3 25
$9.7M
$3.4M
Q2 25
$14.1M
$220.7K
Q1 25
$3.6M
$-601.1K
Q4 24
$15.6M
$-1.3M
Q3 24
$11.0M
$203.6K
Q2 24
$1.0M
Q1 24
$11.2M
Free Cash Flow
PBYI
PBYI
SMXT
SMXT
Q4 25
$14.4M
Q3 25
$9.7M
Q2 25
$14.1M
Q1 25
$3.6M
Q4 24
$15.6M
Q3 24
$11.0M
Q2 24
$1.0M
Q1 24
FCF Margin
PBYI
PBYI
SMXT
SMXT
Q4 25
19.1%
Q3 25
17.7%
Q2 25
26.8%
Q1 25
7.7%
Q4 24
26.4%
Q3 24
13.7%
Q2 24
2.1%
Q1 24
Capex Intensity
PBYI
PBYI
SMXT
SMXT
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.1%
Q4 24
0.0%
Q3 24
0.0%
0.0%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
PBYI
PBYI
SMXT
SMXT
Q4 25
Q3 25
1.10×
Q2 25
2.41×
Q1 25
1.21×
Q4 24
Q3 24
0.54×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

PBYI
PBYI

Segment breakdown not available.

SMXT
SMXT

Yabucoa$35.9M77%
Other$10.7M23%

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