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Side-by-side financial comparison of RING ENERGY, INC. (REI) and SolarMax Technology, Inc. (SMXT). Click either name above to swap in a different company.
RING ENERGY, INC. is the larger business by last-quarter revenue ($66.9M vs $46.6M, roughly 1.4× SolarMax Technology, Inc.). On growth, SolarMax Technology, Inc. posted the faster year-over-year revenue change (623.5% vs -19.8%).
Siemens Energy AG is a German publicly traded energy corporation formed through the spin-off of the former Gas and Power division of Siemens, and it includes full ownership of Siemens Gamesa.
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.
REI vs SMXT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $66.9M | $46.6M |
| Net Profit | — | $-872.2K |
| Gross Margin | — | 2.7% |
| Operating Margin | -37.6% | -2.7% |
| Net Margin | — | -1.9% |
| Revenue YoY | -19.8% | 623.5% |
| Net Profit YoY | — | 77.7% |
| EPS (diluted) | $-0.07 | $-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.
| Q4 25 | $66.9M | $46.6M | ||
| Q3 25 | $78.6M | $30.6M | ||
| Q2 25 | $82.6M | $6.9M | ||
| Q1 25 | $79.1M | $6.9M | ||
| Q4 24 | $83.4M | $6.4M | ||
| Q3 24 | $89.2M | $6.3M | ||
| Q2 24 | $99.1M | — | ||
| Q1 24 | $94.5M | — |
| Q4 25 | — | $-872.2K | ||
| Q3 25 | $-51.6M | $-2.3M | ||
| Q2 25 | $20.6M | $-1.9M | ||
| Q1 25 | $9.1M | $-1.3M | ||
| Q4 24 | — | $-3.9M | ||
| Q3 24 | $33.9M | $-9.6M | ||
| Q2 24 | $22.4M | — | ||
| Q1 24 | $5.5M | — |
| 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 | — | — |
| Q4 25 | -37.6% | -2.7% | ||
| Q3 25 | -70.0% | -6.9% | ||
| Q2 25 | 28.4% | -25.7% | ||
| Q1 25 | 28.3% | -16.7% | ||
| Q4 24 | 28.3% | -27.9% | ||
| Q3 24 | 33.4% | -158.4% | ||
| Q2 24 | 42.2% | — | ||
| Q1 24 | 39.8% | — |
| Q4 25 | — | -1.9% | ||
| Q3 25 | -65.7% | -7.4% | ||
| Q2 25 | 25.0% | -27.6% | ||
| Q1 25 | 11.5% | -18.7% | ||
| Q4 24 | — | -60.6% | ||
| Q3 24 | 38.0% | -152.0% | ||
| Q2 24 | 22.6% | — | ||
| Q1 24 | 5.8% | — |
| Q4 25 | $-0.07 | $-0.02 | ||
| Q3 25 | $-0.25 | $-0.04 | ||
| Q2 25 | $0.10 | $-0.04 | ||
| Q1 25 | $0.05 | $-0.03 | ||
| Q4 24 | $0.03 | $-0.07 | ||
| Q3 24 | $0.17 | $-0.21 | ||
| Q2 24 | $0.11 | — | ||
| Q1 24 | $0.03 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $902.9K | $8.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $836.3M | $-12.2M |
| Total Assets | $1.4B | $91.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $902.9K | $8.0M | ||
| Q3 25 | $286.9K | $5.7M | ||
| Q2 25 | — | $1.9M | ||
| Q1 25 | $1.1M | $6.8M | ||
| Q4 24 | $1.9M | $7.1M | ||
| Q3 24 | — | $8.6M | ||
| Q2 24 | $1.2M | — | ||
| Q1 24 | $1.4M | — |
| Q4 25 | $836.3M | $-12.2M | ||
| Q3 25 | $847.7M | $-11.8M | ||
| Q2 25 | $897.9M | $-15.1M | ||
| Q1 25 | $876.0M | $-15.9M | ||
| Q4 24 | $858.6M | $-15.1M | ||
| Q3 24 | $851.3M | $-10.9M | ||
| Q2 24 | $817.4M | — | ||
| Q1 24 | $793.0M | — |
| Q4 25 | $1.4B | $91.3M | ||
| Q3 25 | $1.4B | $58.7M | ||
| Q2 25 | $1.5B | $38.2M | ||
| Q1 25 | $1.5B | $38.6M | ||
| Q4 24 | $1.4B | $38.6M | ||
| Q3 24 | $1.4B | $43.0M | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.4B | — |
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 | $44.7M | $-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.
| Q4 25 | $44.7M | $-2.5M | ||
| Q3 25 | $44.5M | $3.4M | ||
| Q2 25 | $33.3M | $220.7K | ||
| Q1 25 | $28.4M | $-601.1K | ||
| Q4 24 | $47.3M | $-1.3M | ||
| Q3 24 | $51.3M | $203.6K | ||
| Q2 24 | $50.6M | — | ||
| Q1 24 | $45.2M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.61× | — | ||
| Q1 25 | 3.11× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.52× | — | ||
| Q2 24 | 2.26× | — | ||
| Q1 24 | 8.19× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
REI
Segment breakdown not available.
SMXT
| Yabucoa | $35.9M | 77% |
| Other | $10.7M | 23% |
