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Side-by-side financial comparison of SolarMax Technology, Inc. (SMXT) and WESTWOOD HOLDINGS GROUP INC (WHG). Click either name above to swap in a different company.

SolarMax Technology, Inc. is the larger business by last-quarter revenue ($46.6M vs $25.0M, roughly 1.9× WESTWOOD HOLDINGS GROUP INC). WESTWOOD HOLDINGS GROUP INC runs the higher net margin — 3.1% vs -1.9%, a 5.0% gap on every dollar of revenue. On growth, SolarMax Technology, Inc. posted the faster year-over-year revenue change (623.5% vs 7.4%).

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.

Westwood Studios, Inc. was an American video game developer based in Las Vegas, Nevada. It was founded by Brett Sperry and Louis Castle in 1985 as Brelous Software, but got changed after 2 months into Westwood Associates and was renamed to Westwood Studios when Virgin Games bought the company in 1992. The company was bought by Electronic Arts alongside Virgin Interactive's North American operations in 1998. In January 2003, it was announced that Westwood, alongside Westwood Pacific, would be ...

SMXT vs WHG — Head-to-Head

Bigger by revenue
SMXT
SMXT
1.9× larger
SMXT
$46.6M
$25.0M
WHG
Growing faster (revenue YoY)
SMXT
SMXT
+616.1% gap
SMXT
623.5%
7.4%
WHG
Higher net margin
WHG
WHG
5.0% more per $
WHG
3.1%
-1.9%
SMXT

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
SMXT
SMXT
WHG
WHG
Revenue
$46.6M
$25.0M
Net Profit
$-872.2K
$782.0K
Gross Margin
2.7%
Operating Margin
-2.7%
Net Margin
-1.9%
3.1%
Revenue YoY
623.5%
7.4%
Net Profit YoY
77.7%
EPS (diluted)
$-0.02
$0.09

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
WHG
WHG
Q1 26
$25.0M
Q4 25
$46.6M
$27.1M
Q3 25
$30.6M
$24.3M
Q2 25
$6.9M
$23.1M
Q1 25
$6.9M
$23.3M
Q4 24
$6.4M
$46.5M
Q3 24
$6.3M
$23.7M
Q2 24
$22.7M
Net Profit
SMXT
SMXT
WHG
WHG
Q1 26
$782.0K
Q4 25
$-872.2K
$1.8M
Q3 25
$-2.3M
$3.7M
Q2 25
$-1.9M
$1.0M
Q1 25
$-1.3M
$478.0K
Q4 24
$-3.9M
$3.7M
Q3 24
$-9.6M
$-1.2M
Q2 24
$-378.0K
Gross Margin
SMXT
SMXT
WHG
WHG
Q1 26
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
Operating Margin
SMXT
SMXT
WHG
WHG
Q1 26
Q4 25
-2.7%
8.0%
Q3 25
-6.9%
8.3%
Q2 25
-25.7%
3.8%
Q1 25
-16.7%
-0.3%
Q4 24
-27.9%
10.0%
Q3 24
-158.4%
-2.1%
Q2 24
-18.4%
Net Margin
SMXT
SMXT
WHG
WHG
Q1 26
3.1%
Q4 25
-1.9%
6.8%
Q3 25
-7.4%
15.4%
Q2 25
-27.6%
4.5%
Q1 25
-18.7%
2.1%
Q4 24
-60.6%
14.5%
Q3 24
-152.0%
-5.0%
Q2 24
-1.7%
EPS (diluted)
SMXT
SMXT
WHG
WHG
Q1 26
$0.09
Q4 25
$-0.02
$0.21
Q3 25
$-0.04
$0.41
Q2 25
$-0.04
$0.12
Q1 25
$-0.03
$0.05
Q4 24
$-0.07
$0.45
Q3 24
$-0.21
$-0.15
Q2 24
$-0.05

Balance Sheet & Financial Strength

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

Metric
SMXT
SMXT
WHG
WHG
Cash + ST InvestmentsLiquidity on hand
$8.0M
$23.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$-12.2M
$126.1M
Total Assets
$91.3M
$150.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SMXT
SMXT
WHG
WHG
Q1 26
$23.4M
Q4 25
$8.0M
$47.7M
Q3 25
$5.7M
$41.3M
Q2 25
$1.9M
$35.2M
Q1 25
$6.8M
$29.1M
Q4 24
$7.1M
$46.5M
Q3 24
$8.6M
$48.3M
Q2 24
$44.1M
Stockholders' Equity
SMXT
SMXT
WHG
WHG
Q1 26
$126.1M
Q4 25
$-12.2M
$125.6M
Q3 25
$-11.8M
$123.9M
Q2 25
$-15.1M
$122.4M
Q1 25
$-15.9M
$121.4M
Q4 24
$-15.1M
$120.3M
Q3 24
$-10.9M
$120.4M
Q2 24
$120.5M
Total Assets
SMXT
SMXT
WHG
WHG
Q1 26
$150.4M
Q4 25
$91.3M
$162.3M
Q3 25
$58.7M
$154.0M
Q2 25
$38.2M
$146.3M
Q1 25
$38.6M
$135.0M
Q4 24
$38.6M
$150.0M
Q3 24
$43.0M
$151.5M
Q2 24
$147.4M

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
WHG
WHG
Operating Cash FlowLast quarter
$-2.5M
$-2.6M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-3.28×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SMXT
SMXT
WHG
WHG
Q1 26
$-2.6M
Q4 25
$-2.5M
$18.9M
Q3 25
$3.4M
$8.5M
Q2 25
$220.7K
$7.3M
Q1 25
$-601.1K
$-4.9M
Q4 24
$-1.3M
$21.1M
Q3 24
$203.6K
$529.0K
Q2 24
$3.6M
Free Cash Flow
SMXT
SMXT
WHG
WHG
Q1 26
Q4 25
$18.8M
Q3 25
$8.5M
Q2 25
Q1 25
$-4.9M
Q4 24
$21.0M
Q3 24
$519.0K
Q2 24
$3.5M
FCF Margin
SMXT
SMXT
WHG
WHG
Q1 26
Q4 25
69.5%
Q3 25
34.8%
Q2 25
Q1 25
-21.1%
Q4 24
45.2%
Q3 24
2.2%
Q2 24
15.6%
Capex Intensity
SMXT
SMXT
WHG
WHG
Q1 26
Q4 25
0.3%
Q3 25
0.3%
Q2 25
0.0%
Q1 25
0.0%
Q4 24
0.2%
Q3 24
0.0%
0.0%
Q2 24
0.1%
Cash Conversion
SMXT
SMXT
WHG
WHG
Q1 26
-3.28×
Q4 25
10.29×
Q3 25
2.29×
Q2 25
7.08×
Q1 25
-10.25×
Q4 24
5.69×
Q3 24
Q2 24

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%

WHG
WHG

Asset-based$19.3M77%
Trust fees$5.3M21%

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