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Side-by-side financial comparison of SolarMax Technology, Inc. (SMXT) and Star Equity Holdings, Inc. (STRR). Click either name above to swap in a different company.
Star Equity Holdings, Inc. is the larger business by last-quarter revenue ($56.8M vs $46.6M, roughly 1.2× SolarMax Technology, Inc.). SolarMax Technology, Inc. runs the higher net margin — -1.9% vs -3.0%, a 1.1% gap on every dollar of revenue. On growth, SolarMax Technology, Inc. posted the faster year-over-year revenue change (623.5% vs 69.0%).
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.
Artists Equity is an American production company founded by actors and filmmakers Ben Affleck and Matt Damon in November 2022.
SMXT vs STRR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $46.6M | $56.8M |
| Net Profit | $-872.2K | $-1.7M |
| Gross Margin | 2.7% | — |
| Operating Margin | -2.7% | -0.2% |
| Net Margin | -1.9% | -3.0% |
| Revenue YoY | 623.5% | 69.0% |
| Net Profit YoY | 77.7% | -192.1% |
| EPS (diluted) | $-0.02 | $-0.49 |
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 | $56.8M | ||
| Q3 25 | $30.6M | $48.0M | ||
| Q2 25 | $6.9M | $35.5M | ||
| Q1 25 | $6.9M | $31.9M | ||
| Q4 24 | $6.4M | $33.6M | ||
| Q3 24 | $6.3M | $36.9M | ||
| Q2 24 | — | $35.7M | ||
| Q1 24 | — | $33.9M |
| Q4 25 | $-872.2K | $-1.7M | ||
| Q3 25 | $-2.3M | $-1.8M | ||
| Q2 25 | $-1.9M | $-688.0K | ||
| Q1 25 | $-1.3M | $-1.8M | ||
| Q4 24 | $-3.9M | $-585.0K | ||
| Q3 24 | $-9.6M | $-846.0K | ||
| Q2 24 | — | $-441.0K | ||
| Q1 24 | — | $-2.9M |
| Q4 25 | 2.7% | — | ||
| Q3 25 | 3.1% | 43.0% | ||
| Q2 25 | 8.8% | — | ||
| Q1 25 | 20.5% | — | ||
| Q4 24 | 14.5% | — | ||
| Q3 24 | 19.9% | 50.5% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | -2.7% | -0.2% | ||
| Q3 25 | -6.9% | -3.4% | ||
| Q2 25 | -25.7% | -0.6% | ||
| Q1 25 | -16.7% | -5.4% | ||
| Q4 24 | -27.9% | -0.4% | ||
| Q3 24 | -158.4% | -1.2% | ||
| Q2 24 | — | -0.5% | ||
| Q1 24 | — | -9.0% |
| Q4 25 | -1.9% | -3.0% | ||
| Q3 25 | -7.4% | -3.7% | ||
| Q2 25 | -27.6% | -1.9% | ||
| Q1 25 | -18.7% | -5.5% | ||
| Q4 24 | -60.6% | -1.7% | ||
| Q3 24 | -152.0% | -2.3% | ||
| Q2 24 | — | -1.2% | ||
| Q1 24 | — | -8.6% |
| Q4 25 | $-0.02 | $-0.49 | ||
| Q3 25 | $-0.04 | $-0.54 | ||
| Q2 25 | $-0.04 | $-0.23 | ||
| Q1 25 | $-0.03 | $-0.59 | ||
| Q4 24 | $-0.07 | $-0.21 | ||
| Q3 24 | $-0.21 | $-0.28 | ||
| Q2 24 | — | $-0.15 | ||
| Q1 24 | — | $-0.95 |
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 | $10.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-12.2M | $65.7M |
| Total Assets | $91.3M | $113.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.0M | $10.3M | ||
| Q3 25 | $5.7M | $15.4M | ||
| Q2 25 | $1.9M | $16.8M | ||
| Q1 25 | $6.8M | $16.6M | ||
| Q4 24 | $7.1M | $17.0M | ||
| Q3 24 | $8.6M | $15.8M | ||
| Q2 24 | — | $14.7M | ||
| Q1 24 | — | $20.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | $6.5M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $-12.2M | $65.7M | ||
| Q3 25 | $-11.8M | $67.8M | ||
| Q2 25 | $-15.1M | $40.1M | ||
| Q1 25 | $-15.9M | $39.5M | ||
| Q4 24 | $-15.1M | $40.4M | ||
| Q3 24 | $-10.9M | $42.9M | ||
| Q2 24 | — | $42.6M | ||
| Q1 24 | — | $44.3M |
| Q4 25 | $91.3M | $113.2M | ||
| Q3 25 | $58.7M | $117.1M | ||
| Q2 25 | $38.2M | $55.6M | ||
| Q1 25 | $38.6M | $53.2M | ||
| Q4 24 | $38.6M | $52.6M | ||
| Q3 24 | $43.0M | $52.6M | ||
| Q2 24 | — | $52.6M | ||
| Q1 24 | — | $52.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.10× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.00× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-2.5M | $-7.3M |
| Free Cash FlowOCF − Capex | — | $-9.0M |
| FCF MarginFCF / Revenue | — | -15.8% |
| Capex IntensityCapex / Revenue | — | 3.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-13.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-2.5M | $-7.3M | ||
| Q3 25 | $3.4M | $-2.7M | ||
| Q2 25 | $220.7K | $139.0K | ||
| Q1 25 | $-601.1K | $-802.0K | ||
| Q4 24 | $-1.3M | $-2.8M | ||
| Q3 24 | $203.6K | $1.3M | ||
| Q2 24 | — | $-4.3M | ||
| Q1 24 | — | $-1.8M |
| Q4 25 | — | $-9.0M | ||
| Q3 25 | — | $-3.4M | ||
| Q2 25 | — | $102.0K | ||
| Q1 25 | — | $-808.0K | ||
| Q4 24 | — | $-2.8M | ||
| Q3 24 | — | $1.3M | ||
| Q2 24 | — | $-4.3M | ||
| Q1 24 | — | $-1.8M |
| Q4 25 | — | -15.8% | ||
| Q3 25 | — | -7.0% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | -2.5% | ||
| Q4 24 | — | -8.3% | ||
| Q3 24 | — | 3.4% | ||
| Q2 24 | — | -12.0% | ||
| Q1 24 | — | -5.3% |
| Q4 25 | — | 3.0% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | 0.0% | 0.0% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | 0.0% |
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% |
STRR
| Revenue From Other Contracts With Customers | $27.6M | 49% |
| Other | $24.3M | 43% |
| Energy Services Segment | $4.9M | 9% |
