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 year | Solarmax TechnologySMXT, 2025 | Zeo 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 |