undamentalytics Newsletter

Solarmax Technology vs Zeo Energy

Solarmax Technology is the larger business, with $91.0m of revenue in fiscal 2025 against $69.3m for Zeo Energy (1.3 times as much). Solarmax Technology grew faster (295.8% against -5.3%). Solarmax Technology kept more of each dollar of sales as profit: a net margin of -7.0% against -20.2%.

Latest fiscal yearSolarmax TechnologySMXT, 2025Zeo EnergyZEO, 2025
Revenue $91.0m $69.3m
Revenue growth 295.8% -5.3%
Net income −$6.3m −$14.0m
Operating margin -6.9% -29.6%
Net margin -7.0% -20.2%
Return on equity — —
Free cash flow $498,049 −$9.9m
Cash $8.0m $6.1m
Total debt $25.5m $10.0m
Debt to equity — 188.2%
Dividend per share — —
Dividend yield — —
Share buybacks — —
Employees 72 190
Market value $20.8m $10.5m
Price vs our value range — —
Moat score — —
Insider trades, 12 months 0 buys, 0 sales 0 buys, 6 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

Go deeper

Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.