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

SolarMax Technology, Inc. is the larger business by last-quarter revenue ($46.6M vs $40.1M, roughly 1.2× Strawberry Fields REIT, Inc.). Strawberry Fields REIT, Inc. runs the higher net margin — 5.0% vs -1.9%, a 6.9% gap on every dollar of revenue. On growth, SolarMax Technology, Inc. posted the faster year-over-year revenue change (623.5% vs 31.5%).

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.

Strawberry Fields REIT, Inc. is a real estate investment trust focused on healthcare-related real estate assets. It owns, operates and manages skilled nursing facilities, senior living communities, and medical office buildings, primarily serving markets across the United States for healthcare providers and elderly care operators.

SMXT vs STRW — Head-to-Head

Bigger by revenue
SMXT
SMXT
1.2× larger
SMXT
$46.6M
$40.1M
STRW
Growing faster (revenue YoY)
SMXT
SMXT
+592.0% gap
SMXT
623.5%
31.5%
STRW
Higher net margin
STRW
STRW
6.9% more per $
STRW
5.0%
-1.9%
SMXT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SMXT
SMXT
STRW
STRW
Revenue
$46.6M
$40.1M
Net Profit
$-872.2K
$2.0M
Gross Margin
2.7%
Operating Margin
-2.7%
52.4%
Net Margin
-1.9%
5.0%
Revenue YoY
623.5%
31.5%
Net Profit YoY
77.7%
37.6%
EPS (diluted)
$-0.02
$0.15

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
SMXT
SMXT
STRW
STRW
Q4 25
$46.6M
$40.1M
Q3 25
$30.6M
$39.7M
Q2 25
$6.9M
$37.9M
Q1 25
$6.9M
$37.3M
Q4 24
$6.4M
$30.5M
Q3 24
$6.3M
$29.5M
Q2 24
$29.3M
Q1 24
$27.8M
Net Profit
SMXT
SMXT
STRW
STRW
Q4 25
$-872.2K
$2.0M
Q3 25
$-2.3M
$2.0M
Q2 25
$-1.9M
$2.0M
Q1 25
$-1.3M
$1.6M
Q4 24
$-3.9M
$1.5M
Q3 24
$-9.6M
$944.0K
Q2 24
$938.0K
Q1 24
$746.0K
Gross Margin
SMXT
SMXT
STRW
STRW
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
SMXT
SMXT
STRW
STRW
Q4 25
-2.7%
52.4%
Q3 25
-6.9%
56.6%
Q2 25
-25.7%
54.5%
Q1 25
-16.7%
54.1%
Q4 24
-27.9%
51.5%
Q3 24
-158.4%
54.4%
Q2 24
52.3%
Q1 24
51.3%
Net Margin
SMXT
SMXT
STRW
STRW
Q4 25
-1.9%
5.0%
Q3 25
-7.4%
5.1%
Q2 25
-27.6%
5.2%
Q1 25
-18.7%
4.2%
Q4 24
-60.6%
4.8%
Q3 24
-152.0%
3.2%
Q2 24
3.2%
Q1 24
2.7%
EPS (diluted)
SMXT
SMXT
STRW
STRW
Q4 25
$-0.02
$0.15
Q3 25
$-0.04
$0.16
Q2 25
$-0.04
$0.16
Q1 25
$-0.03
$0.13
Q4 24
$-0.07
$0.17
Q3 24
$-0.21
$0.14
Q2 24
$0.14
Q1 24
$0.12

Balance Sheet & Financial Strength

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

Metric
SMXT
SMXT
STRW
STRW
Cash + ST InvestmentsLiquidity on hand
$8.0M
$31.8M
Total DebtLower is stronger
$794.7M
Stockholders' EquityBook value
$-12.2M
$12.1M
Total Assets
$91.3M
$885.2M
Debt / EquityLower = less leverage
65.64×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SMXT
SMXT
STRW
STRW
Q4 25
$8.0M
$31.8M
Q3 25
$5.7M
$19.8M
Q2 25
$1.9M
$96.3M
Q1 25
$6.8M
$42.3M
Q4 24
$7.1M
$48.4M
Q3 24
$8.6M
$29.3M
Q2 24
$16.1M
Q1 24
$15.1M
Total Debt
SMXT
SMXT
STRW
STRW
Q4 25
$794.7M
Q3 25
$779.4M
Q2 25
$794.1M
Q1 25
$715.5M
Q4 24
$673.9M
Q3 24
$584.5M
Q2 24
$555.0M
Q1 24
$560.4M
Stockholders' Equity
SMXT
SMXT
STRW
STRW
Q4 25
$-12.2M
$12.1M
Q3 25
$-11.8M
$14.2M
Q2 25
$-15.1M
$15.5M
Q1 25
$-15.9M
$19.6M
Q4 24
$-15.1M
$18.2M
Q3 24
$-10.9M
$12.6M
Q2 24
$7.4M
Q1 24
$7.5M
Total Assets
SMXT
SMXT
STRW
STRW
Q4 25
$91.3M
$885.2M
Q3 25
$58.7M
$880.6M
Q2 25
$38.2M
$897.3M
Q1 25
$38.6M
$834.8M
Q4 24
$38.6M
$787.6M
Q3 24
$43.0M
$661.5M
Q2 24
$635.9M
Q1 24
$634.9M
Debt / Equity
SMXT
SMXT
STRW
STRW
Q4 25
65.64×
Q3 25
54.70×
Q2 25
51.26×
Q1 25
36.47×
Q4 24
37.09×
Q3 24
46.34×
Q2 24
74.61×
Q1 24
74.81×

Cash Flow & Capital Efficiency

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

Metric
SMXT
SMXT
STRW
STRW
Operating Cash FlowLast quarter
$-2.5M
$90.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
44.62×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SMXT
SMXT
STRW
STRW
Q4 25
$-2.5M
$90.0M
Q3 25
$3.4M
$20.7M
Q2 25
$220.7K
$29.8M
Q1 25
$-601.1K
$19.0M
Q4 24
$-1.3M
$59.3M
Q3 24
$203.6K
$11.8M
Q2 24
$20.6M
Q1 24
$2.1M
Capex Intensity
SMXT
SMXT
STRW
STRW
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.0%
Q2 24
Q1 24
Cash Conversion
SMXT
SMXT
STRW
STRW
Q4 25
44.62×
Q3 25
10.26×
Q2 25
15.24×
Q1 25
11.97×
Q4 24
40.44×
Q3 24
12.53×
Q2 24
21.93×
Q1 24
2.85×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SMXT
SMXT

Yabucoa$35.9M77%
Other$10.7M23%

STRW
STRW

Segment breakdown not available.

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