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Side-by-side financial comparison of Plymouth Industrial REIT, Inc. (PLYM) and SolarMax Technology, Inc. (SMXT). Click either name above to swap in a different company.

Plymouth Industrial REIT, Inc. is the larger business by last-quarter revenue ($51.2M vs $46.6M, roughly 1.1× SolarMax Technology, Inc.). SolarMax Technology, Inc. runs the higher net margin — -1.9% vs -106.3%, a 104.4% gap on every dollar of revenue. On growth, SolarMax Technology, Inc. posted the faster year-over-year revenue change (623.5% vs -1.4%).

Plymouth Industrial REIT, Inc. is a real estate investment trust focused on owning, operating, and acquiring high-quality industrial properties including distribution centers, warehouses, and light industrial facilities across key U.S. logistics hubs. It serves tenants in e-commerce, retail, manufacturing, and third-party logistics sectors, supporting diverse business supply chain needs.

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.

PLYM vs SMXT — Head-to-Head

Bigger by revenue
PLYM
PLYM
1.1× larger
PLYM
$51.2M
$46.6M
SMXT
Growing faster (revenue YoY)
SMXT
SMXT
+624.8% gap
SMXT
623.5%
-1.4%
PLYM
Higher net margin
SMXT
SMXT
104.4% more per $
SMXT
-1.9%
-106.3%
PLYM

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
PLYM
PLYM
SMXT
SMXT
Revenue
$51.2M
$46.6M
Net Profit
$-54.4M
$-872.2K
Gross Margin
2.7%
Operating Margin
-102.5%
-2.7%
Net Margin
-106.3%
-1.9%
Revenue YoY
-1.4%
623.5%
Net Profit YoY
-248.5%
77.7%
EPS (diluted)
$-1.23
$-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
PLYM
PLYM
SMXT
SMXT
Q4 25
$46.6M
Q3 25
$51.2M
$30.6M
Q2 25
$47.2M
$6.9M
Q1 25
$45.6M
$6.9M
Q4 24
$47.6M
$6.4M
Q3 24
$51.9M
$6.3M
Q2 24
$48.7M
Q1 24
$50.2M
Net Profit
PLYM
PLYM
SMXT
SMXT
Q4 25
$-872.2K
Q3 25
$-54.4M
$-2.3M
Q2 25
$-6.1M
$-1.9M
Q1 25
$5.8M
$-1.3M
Q4 24
$147.4M
$-3.9M
Q3 24
$-15.6M
$-9.6M
Q2 24
$1.3M
Q1 24
$6.2M
Gross Margin
PLYM
PLYM
SMXT
SMXT
Q4 25
2.7%
Q3 25
3.1%
Q2 25
8.8%
Q1 25
20.5%
Q4 24
14.5%
Q3 24
19.9%
Q2 24
Q1 24
Operating Margin
PLYM
PLYM
SMXT
SMXT
Q4 25
-2.7%
Q3 25
-102.5%
-6.9%
Q2 25
-10.3%
-25.7%
Q1 25
-16.7%
Q4 24
-27.9%
Q3 24
-29.6%
-158.4%
Q2 24
2.7%
Q1 24
Net Margin
PLYM
PLYM
SMXT
SMXT
Q4 25
-1.9%
Q3 25
-106.3%
-7.4%
Q2 25
-12.9%
-27.6%
Q1 25
12.8%
-18.7%
Q4 24
309.9%
-60.6%
Q3 24
-30.1%
-152.0%
Q2 24
2.7%
Q1 24
12.4%
EPS (diluted)
PLYM
PLYM
SMXT
SMXT
Q4 25
$-0.02
Q3 25
$-1.23
$-0.04
Q2 25
$-0.14
$-0.04
Q1 25
$0.13
$-0.03
Q4 24
$3.24
$-0.07
Q3 24
$-0.35
$-0.21
Q2 24
$0.03
Q1 24
$0.14

Balance Sheet & Financial Strength

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

Metric
PLYM
PLYM
SMXT
SMXT
Cash + ST InvestmentsLiquidity on hand
$8.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$470.1M
$-12.2M
Total Assets
$1.6B
$91.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PLYM
PLYM
SMXT
SMXT
Q4 25
$8.0M
Q3 25
$5.7M
Q2 25
$1.9M
Q1 25
$6.8M
Q4 24
$7.1M
Q3 24
$8.6M
Q2 24
Q1 24
Total Debt
PLYM
PLYM
SMXT
SMXT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$646.4M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
PLYM
PLYM
SMXT
SMXT
Q4 25
$-12.2M
Q3 25
$470.1M
$-11.8M
Q2 25
$539.6M
$-15.1M
Q1 25
$571.0M
$-15.9M
Q4 24
$579.5M
$-15.1M
Q3 24
$436.5M
$-10.9M
Q2 24
$475.2M
Q1 24
$484.6M
Total Assets
PLYM
PLYM
SMXT
SMXT
Q4 25
$91.3M
Q3 25
$1.6B
$58.7M
Q2 25
$1.6B
$38.2M
Q1 25
$1.4B
$38.6M
Q4 24
$1.4B
$38.6M
Q3 24
$1.5B
$43.0M
Q2 24
$1.4B
Q1 24
$1.4B
Debt / Equity
PLYM
PLYM
SMXT
SMXT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
1.12×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
PLYM
PLYM
SMXT
SMXT
Operating Cash FlowLast quarter
$20.0M
$-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.

Operating Cash Flow
PLYM
PLYM
SMXT
SMXT
Q4 25
$-2.5M
Q3 25
$20.0M
$3.4M
Q2 25
$23.4M
$220.7K
Q1 25
$15.6M
$-601.1K
Q4 24
$96.1M
$-1.3M
Q3 24
$17.6M
$203.6K
Q2 24
$19.9M
Q1 24
$16.6M
Capex Intensity
PLYM
PLYM
SMXT
SMXT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.0%
Q2 24
Q1 24
Cash Conversion
PLYM
PLYM
SMXT
SMXT
Q4 25
Q3 25
Q2 25
Q1 25
2.67×
Q4 24
0.65×
Q3 24
Q2 24
15.12×
Q1 24
2.67×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PLYM
PLYM

Segment breakdown not available.

SMXT
SMXT

Yabucoa$35.9M77%
Other$10.7M23%

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