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Side-by-side financial comparison of SolarMax Technology, Inc. (SMXT) and Spok Holdings, Inc (SPOK). Click either name above to swap in a different company.
SolarMax Technology, Inc. is the larger business by last-quarter revenue ($46.6M vs $33.9M, roughly 1.4× Spok Holdings, Inc). Spok Holdings, Inc runs the higher net margin — 8.7% vs -1.9%, a 10.5% gap on every dollar of revenue. On growth, SolarMax Technology, Inc. posted the faster year-over-year revenue change (623.5% vs -0.1%).
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.
Spok Holdings, Inc. is a global provider of critical communication solutions primarily serving the healthcare industry. It offers unified clinical communication platforms, secure messaging tools, alerting systems, and on-call scheduling software that help care teams coordinate efficiently, cut response times, and boost patient safety across medical facilities.
SMXT vs SPOK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $46.6M | $33.9M |
| Net Profit | $-872.2K | $2.9M |
| Gross Margin | 2.7% | 76.7% |
| Operating Margin | -2.7% | 11.6% |
| Net Margin | -1.9% | 8.7% |
| Revenue YoY | 623.5% | -0.1% |
| Net Profit YoY | 77.7% | -19.6% |
| EPS (diluted) | $-0.02 | $0.13 |
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 | $46.6M | $33.9M | ||
| Q3 25 | $30.6M | $33.9M | ||
| Q2 25 | $6.9M | $35.7M | ||
| Q1 25 | $6.9M | $36.3M | ||
| Q4 24 | $6.4M | $33.9M | ||
| Q3 24 | $6.3M | $34.9M | ||
| Q2 24 | — | $34.0M | ||
| Q1 24 | — | $34.9M |
| Q4 25 | $-872.2K | $2.9M | ||
| Q3 25 | $-2.3M | $3.2M | ||
| Q2 25 | $-1.9M | $4.6M | ||
| Q1 25 | $-1.3M | $5.2M | ||
| Q4 24 | $-3.9M | $3.6M | ||
| Q3 24 | $-9.6M | $3.7M | ||
| Q2 24 | — | $3.4M | ||
| Q1 24 | — | $4.2M |
| Q4 25 | 2.7% | 76.7% | ||
| Q3 25 | 3.1% | 78.3% | ||
| Q2 25 | 8.8% | 79.5% | ||
| Q1 25 | 20.5% | 80.1% | ||
| Q4 24 | 14.5% | 78.5% | ||
| Q3 24 | 19.9% | 79.5% | ||
| Q2 24 | — | 78.9% | ||
| Q1 24 | — | 79.5% |
| Q4 25 | -2.7% | 11.6% | ||
| Q3 25 | -6.9% | 12.9% | ||
| Q2 25 | -25.7% | 15.1% | ||
| Q1 25 | -16.7% | 16.6% | ||
| Q4 24 | -27.9% | 13.7% | ||
| Q3 24 | -158.4% | 14.2% | ||
| Q2 24 | — | 13.2% | ||
| Q1 24 | — | 14.0% |
| Q4 25 | -1.9% | 8.7% | ||
| Q3 25 | -7.4% | 9.5% | ||
| Q2 25 | -27.6% | 12.8% | ||
| Q1 25 | -18.7% | 14.3% | ||
| Q4 24 | -60.6% | 10.8% | ||
| Q3 24 | -152.0% | 10.5% | ||
| Q2 24 | — | 10.1% | ||
| Q1 24 | — | 12.1% |
| Q4 25 | $-0.02 | $0.13 | ||
| Q3 25 | $-0.04 | $0.15 | ||
| Q2 25 | $-0.04 | $0.22 | ||
| Q1 25 | $-0.03 | $0.25 | ||
| Q4 24 | $-0.07 | $0.17 | ||
| Q3 24 | $-0.21 | $0.18 | ||
| Q2 24 | — | $0.17 | ||
| Q1 24 | — | $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 | $25.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-12.2M | $146.4M |
| Total Assets | $91.3M | $206.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.0M | $25.3M | ||
| Q3 25 | $5.7M | $21.4M | ||
| Q2 25 | $1.9M | $20.2M | ||
| Q1 25 | $6.8M | $19.9M | ||
| Q4 24 | $7.1M | $29.1M | ||
| Q3 24 | $8.6M | $27.8M | ||
| Q2 24 | — | $23.9M | ||
| Q1 24 | — | $23.3M |
| Q4 25 | $-12.2M | $146.4M | ||
| Q3 25 | $-11.8M | $148.7M | ||
| Q2 25 | $-15.1M | $150.9M | ||
| Q1 25 | $-15.9M | $151.7M | ||
| Q4 24 | $-15.1M | $154.7M | ||
| Q3 24 | $-10.9M | $156.3M | ||
| Q2 24 | — | $158.2M | ||
| Q1 24 | — | $160.2M |
| Q4 25 | $91.3M | $206.1M | ||
| Q3 25 | $58.7M | $209.7M | ||
| Q2 25 | $38.2M | $208.7M | ||
| Q1 25 | $38.6M | $204.5M | ||
| Q4 24 | $38.6M | $217.1M | ||
| Q3 24 | $43.0M | $216.8M | ||
| Q2 24 | — | $216.4M | ||
| Q1 24 | — | $215.0M |
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 | $11.5M |
| Free Cash FlowOCF − Capex | — | $10.1M |
| FCF MarginFCF / Revenue | — | 29.9% |
| Capex IntensityCapex / Revenue | — | 4.1% |
| Cash ConversionOCF / Net Profit | — | 3.93× |
| TTM Free Cash FlowTrailing 4 quarters | — | $25.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-2.5M | $11.5M | ||
| Q3 25 | $3.4M | $8.1M | ||
| Q2 25 | $220.7K | $7.0M | ||
| Q1 25 | $-601.1K | $2.3M | ||
| Q4 24 | $-1.3M | $8.4M | ||
| Q3 24 | $203.6K | $11.1M | ||
| Q2 24 | — | $7.4M | ||
| Q1 24 | — | $2.0M |
| Q4 25 | — | $10.1M | ||
| Q3 25 | — | $7.6M | ||
| Q2 25 | — | $6.0M | ||
| Q1 25 | — | $1.5M | ||
| Q4 24 | — | $7.5M | ||
| Q3 24 | — | $10.3M | ||
| Q2 24 | — | $6.8M | ||
| Q1 24 | — | $1.1M |
| Q4 25 | — | 29.9% | ||
| Q3 25 | — | 22.4% | ||
| Q2 25 | — | 16.8% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | 22.3% | ||
| Q3 24 | — | 29.4% | ||
| Q2 24 | — | 20.0% | ||
| Q1 24 | — | 3.2% |
| Q4 25 | — | 4.1% | ||
| Q3 25 | — | 1.6% | ||
| Q2 25 | — | 2.9% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | — | 2.5% | ||
| Q3 24 | 0.0% | 2.4% | ||
| Q2 24 | — | 1.9% | ||
| Q1 24 | — | 2.5% |
| Q4 25 | — | 3.93× | ||
| Q3 25 | — | 2.54× | ||
| Q2 25 | — | 1.55× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | — | 2.31× | ||
| Q3 24 | — | 3.03× | ||
| Q2 24 | — | 2.17× | ||
| Q1 24 | — | 0.47× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SMXT
| Yabucoa | $35.9M | 77% |
| Other | $10.7M | 23% |
SPOK
| Paging | $16.8M | 50% |
| Software Operations | $16.0M | 47% |
| License | $1.2M | 4% |
