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

SHORE BANCSHARES INC is the larger business by last-quarter revenue ($59.1M vs $46.6M, roughly 1.3× SolarMax Technology, Inc.). On growth, SolarMax Technology, Inc. posted the faster year-over-year revenue change (623.5% vs 11.8%).

Shore Bancshares Inc. is a U.S. regional bank holding company headquartered in Maryland. It offers a full range of retail and commercial banking services, including deposit products, personal and commercial loans, and wealth management solutions, primarily serving local individual customers, small businesses and mid-sized enterprises in its operating regions.

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.

SHBI vs SMXT — Head-to-Head

Bigger by revenue
SHBI
SHBI
1.3× larger
SHBI
$59.1M
$46.6M
SMXT
Growing faster (revenue YoY)
SMXT
SMXT
+611.7% gap
SMXT
623.5%
11.8%
SHBI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SHBI
SHBI
SMXT
SMXT
Revenue
$59.1M
$46.6M
Net Profit
$-872.2K
Gross Margin
2.7%
Operating Margin
35.2%
-2.7%
Net Margin
-1.9%
Revenue YoY
11.8%
623.5%
Net Profit YoY
77.7%
EPS (diluted)
$0.48
$-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
SHBI
SHBI
SMXT
SMXT
Q4 25
$59.1M
$46.6M
Q3 25
$56.4M
$30.6M
Q2 25
$56.6M
$6.9M
Q1 25
$53.0M
$6.9M
Q4 24
$52.9M
$6.4M
Q3 24
$50.5M
$6.3M
Q2 24
$50.6M
Q1 24
$47.7M
Net Profit
SHBI
SHBI
SMXT
SMXT
Q4 25
$-872.2K
Q3 25
$14.3M
$-2.3M
Q2 25
$15.5M
$-1.9M
Q1 25
$13.8M
$-1.3M
Q4 24
$-3.9M
Q3 24
$11.2M
$-9.6M
Q2 24
$11.2M
Q1 24
$8.2M
Gross Margin
SHBI
SHBI
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
SHBI
SHBI
SMXT
SMXT
Q4 25
35.2%
-2.7%
Q3 25
33.7%
-6.9%
Q2 25
36.5%
-25.7%
Q1 25
34.4%
-16.7%
Q4 24
34.3%
-27.9%
Q3 24
29.6%
-158.4%
Q2 24
29.7%
Q1 24
22.2%
Net Margin
SHBI
SHBI
SMXT
SMXT
Q4 25
-1.9%
Q3 25
25.5%
-7.4%
Q2 25
27.4%
-27.6%
Q1 25
26.0%
-18.7%
Q4 24
-60.6%
Q3 24
22.1%
-152.0%
Q2 24
22.2%
Q1 24
17.2%
EPS (diluted)
SHBI
SHBI
SMXT
SMXT
Q4 25
$0.48
$-0.02
Q3 25
$0.43
$-0.04
Q2 25
$0.46
$-0.04
Q1 25
$0.41
$-0.03
Q4 24
$0.39
$-0.07
Q3 24
$0.34
$-0.21
Q2 24
$0.34
Q1 24
$0.25

Balance Sheet & Financial Strength

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

Metric
SHBI
SHBI
SMXT
SMXT
Cash + ST InvestmentsLiquidity on hand
$355.6M
$8.0M
Total DebtLower is stronger
$89.1M
Stockholders' EquityBook value
$589.9M
$-12.2M
Total Assets
$6.3B
$91.3M
Debt / EquityLower = less leverage
0.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SHBI
SHBI
SMXT
SMXT
Q4 25
$355.6M
$8.0M
Q3 25
$416.5M
$5.7M
Q2 25
$185.0M
$1.9M
Q1 25
$389.0M
$6.8M
Q4 24
$459.9M
$7.1M
Q3 24
$183.6M
$8.6M
Q2 24
$138.9M
Q1 24
$114.6M
Total Debt
SHBI
SHBI
SMXT
SMXT
Q4 25
$89.1M
Q3 25
$74.5M
Q2 25
$74.2M
Q1 25
$74.0M
Q4 24
$73.7M
Q3 24
$123.5M
Q2 24
$122.8M
Q1 24
$72.6M
Stockholders' Equity
SHBI
SHBI
SMXT
SMXT
Q4 25
$589.9M
$-12.2M
Q3 25
$577.2M
$-11.8M
Q2 25
$565.2M
$-15.1M
Q1 25
$552.5M
$-15.9M
Q4 24
$541.1M
$-15.1M
Q3 24
$533.3M
$-10.9M
Q2 24
$522.8M
Q1 24
$515.2M
Total Assets
SHBI
SHBI
SMXT
SMXT
Q4 25
$6.3B
$91.3M
Q3 25
$6.3B
$58.7M
Q2 25
$6.0B
$38.2M
Q1 25
$6.2B
$38.6M
Q4 24
$6.2B
$38.6M
Q3 24
$5.9B
$43.0M
Q2 24
$5.9B
Q1 24
$5.8B
Debt / Equity
SHBI
SHBI
SMXT
SMXT
Q4 25
0.15×
Q3 25
0.13×
Q2 25
0.13×
Q1 25
0.13×
Q4 24
0.14×
Q3 24
0.23×
Q2 24
0.23×
Q1 24
0.14×

Cash Flow & Capital Efficiency

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

Metric
SHBI
SHBI
SMXT
SMXT
Operating Cash FlowLast quarter
$62.4M
$-2.5M
Free Cash FlowOCF − Capex
$59.2M
FCF MarginFCF / Revenue
100.2%
Capex IntensityCapex / Revenue
5.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$110.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SHBI
SHBI
SMXT
SMXT
Q4 25
$62.4M
$-2.5M
Q3 25
$42.5M
$3.4M
Q2 25
$-8.3M
$220.7K
Q1 25
$19.8M
$-601.1K
Q4 24
$46.9M
$-1.3M
Q3 24
$9.1M
$203.6K
Q2 24
$3.0M
Q1 24
$2.4M
Free Cash Flow
SHBI
SHBI
SMXT
SMXT
Q4 25
$59.2M
Q3 25
$41.9M
Q2 25
$-9.2M
Q1 25
$18.8M
Q4 24
$41.7M
Q3 24
$8.4M
Q2 24
$1.4M
Q1 24
$614.0K
FCF Margin
SHBI
SHBI
SMXT
SMXT
Q4 25
100.2%
Q3 25
74.3%
Q2 25
-16.3%
Q1 25
35.4%
Q4 24
78.8%
Q3 24
16.7%
Q2 24
2.9%
Q1 24
1.3%
Capex Intensity
SHBI
SHBI
SMXT
SMXT
Q4 25
5.4%
Q3 25
1.0%
Q2 25
1.6%
Q1 25
1.9%
Q4 24
9.9%
Q3 24
1.2%
0.0%
Q2 24
3.1%
Q1 24
3.7%
Cash Conversion
SHBI
SHBI
SMXT
SMXT
Q4 25
Q3 25
2.96×
Q2 25
-0.54×
Q1 25
1.44×
Q4 24
Q3 24
0.81×
Q2 24
0.27×
Q1 24
0.29×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SHBI
SHBI

Segment breakdown not available.

SMXT
SMXT

Yabucoa$35.9M77%
Other$10.7M23%

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