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MAXN logoMaxeon Solar Technologies, Ltd.(MAXN)Earnings, Financials & Key Ratios

MAXN•NASDAQ
$0.55
$9M mkt cap·Price updated May 6, 2026
SectorEnergyIndustrySolarSub-IndustrySolar modules and inverters
AboutMaxeon Solar Technologies, Ltd. designs, manufactures, markets, and sells solar panels and related solar system components worldwide. The company provides interdigitated back contact and shingled solar cells and panels under the SunPower brand. It offers its products to dealers, project developers, system integrators, distributors, resellers, and residential and small-scale commercial customers. Maxeon Solar Technologies, Ltd. was incorporated in 2019 and is headquartered in Singapore.Show more
  • Revenue$509M-54.7%
  • EBITDA-$533M-226.5%
  • Net Income-$614M-122.7%
  • EPS (Diluted)-73.78-1276.5%
  • Gross Margin-49%-804.5%
  • EBITDA Margin-104.74%-620.2%
  • Operating Margin-113.28%-480.4%
  • Net Margin-120.68%-391.4%
  • ROIC-351.09%-458.0%
  • Interest Coverage-12.15-123.2%
Technical→

MAXN Key Insights

Maxeon Solar Technologies, Ltd. (MAXN) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Share count reduced 83.8% through buybacks
  • ✓Efficient asset utilization: 1.4x turnover

✗Weaknesses

  • ✗Profits declining 28.0% over 5 years
  • ✗Weak Piotroski F-Score: 3/9
  • ✗Negative free cash flow
  • ✗Weak momentum: RS Rating 2 (bottom 2%)
  • ✗Low quality earnings: Net income not backed by cash flow
  • ✗Sales declining 15.7% over 5 years

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

MAXN Price & Volume

Maxeon Solar Technologies, Ltd. (MAXN) stock price & volume — 10-year historical chart

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MAXN Growth Metrics

Maxeon Solar Technologies, Ltd. (MAXN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years-15.74%
3 Years-13.38%
TTM-78.7%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-55.72%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-1060.44%

Return on Capital

10 Years-61.9%
5 Years-60.84%
3 Years-85.01%
Last Year-189.74%

MAXN Peer Comparison

Maxeon Solar Technologies, Ltd. (MAXN) competitors in Solar modules and inverters — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
FSLR logoFSLRFirst Solar, Inc.Direct Competitor23.42B218.0015.3424.09%30.73%18.01%0.05
CSIQ logoCSIQCanadian Solar Inc.Direct Competitor1.13B16.88-10.89-6.65%-1.86%-2.47%1.80
JKS logoJKSJinkoSolar Holding Co., Ltd.Direct Competitor310.29M23.70-0.49-30.94%-3.36%-7.71%1.93
DQ logoDQDaqo New Energy Corp.Direct Competitor1.31B19.35-7.59-35.34%-32.94%-3.19%
SOL logoSOLEmeren Group, Ltd.Direct Competitor99.56M1.94-8.08-12.85%-7.48%-1.65%0.19
ARRY logoARRYArray Technologies, Inc.Direct Competitor1.24B8.12-11.1340.22%-5.56%-20.64%2.94
SPWR logoSPWRSunPower Inc.Product Competitor874.51M1.03-15.402.92%-13.21%
RUN logoRUNSunrun Inc.Product Competitor3.01B12.837.5045.11%17.9%12.42%2.99

Compare MAXN vs Peers

Maxeon Solar Technologies, Ltd. (MAXN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs FSLR

Most directly comparable listed peer for MAXN.

Scale Benchmark

vs GE

Larger-name benchmark to compare MAXN against a more recognizable public peer.

Peer Set

Compare Top 5

vs FSLR, CSIQ, JKS, DQ

MAXN Income Statement

Maxeon Solar Technologies, Ltd. (MAXN) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Sales/Revenue912.31M1.2B844.84M783.28M1.06B1.12B509.05M176.41M
Revenue Growth %-31.35%-29.5%-7.29%35.34%5.94%-54.68%-78.7%
Cost of Goods Sold1.36B1.2B854.62M812.29M1.11B1.04B758.46M418.48M
COGS % of Revenue149.32%100.19%101.16%103.7%104.52%93.04%149%-
Gross Profit
-449.93M▲ 0%
-2.31M▲ 99.5%
-9.78M▼ 323.6%
-29.01M▼ 196.6%
-47.95M▼ 65.3%
78.11M▲ 262.9%
-249.41M▼ 419.3%
-242.06M▲ 0%
Gross Margin %-49.32%-0.19%-1.16%-3.7%-4.52%6.96%-49%-137.21%
Gross Profit Growth %-99.49%-323.6%-196.64%-65.26%262.92%-419.29%-
Operating Expenses132.07M133.85M120.4M143.43M152.35M297.32M327.23M270.39M
OpEx % of Revenue14.48%11.17%14.25%18.31%14.37%26.47%64.28%-
Selling, General & Admin82.04M96.86M86.2M88.82M100.55M126.17M158.32M104.48M
SG&A % of Revenue8.99%8.08%10.2%11.34%9.48%11.23%31.1%-
Research & Development50.03M37M34.19M46.53M49.68M45.7M37.55M32.85M
R&D % of Revenue5.48%3.09%4.05%5.94%4.69%4.07%7.38%-
Other Operating Expenses0008.08M2.12M125.45M131.35M4M
Operating Income
-589.77M▲ 0%
-135.65M▲ 77.0%
-130.18M▲ 4.0%
-172.45M▼ 32.5%
-200.29M▼ 16.1%
-219.21M▼ 9.4%
-576.64M▼ 163.1%
-512.46M▲ 0%
Operating Margin %-64.65%-11.32%-15.41%-22.02%-18.89%-19.52%-113.28%-290.49%
Operating Income Growth %-77%4.03%-32.47%-16.15%-9.44%-163.06%-
EBITDA-506.87M-82.2M-82.85M-130.24M-143.55M-163.32M-533.18M-487.65M
EBITDA Margin %-55.56%-6.86%-9.81%-16.63%-13.54%-14.54%-104.74%-276.42%
EBITDA Growth %-83.78%-0.79%-57.2%-10.22%-13.77%-226.45%-50.31%
D&A (Non-Cash Add-back)82.89M53.45M47.33M42.21M56.74M55.88M43.46M24.81M
EBIT-576.3M-137.61M-93.83M-211.22M-198.07M-231.09M-551.26M-528.91M
Net Interest Income-25.89M-25.83M-31.86M-27.85M-27.81M-33.05M-43.28M-38.02M
Interest Income000290K2.53M9.39M2.09M760K
Interest Expense25.89M25.83M31.86M28.14M30.34M42.44M45.37M38.78M
Other Income/Expense-12.42M-27.79M1.29M-83.1M-34.66M-57.13M-19.98M-34.5M
Pretax Income
-602.19M▲ 0%
-163.44M▲ 72.9%
-128.88M▲ 21.1%
-255.54M▼ 98.3%
-234.96M▲ 8.1%
-276.34M▼ 17.6%
-596.62M▼ 115.9%
-546.96M▲ 0%
Pretax Margin %-66.01%-13.64%-15.26%-32.62%-22.16%-24.6%-117.2%-310.04%
Income Tax-1.05M10.12M12.13M203K32.19M-626K17.95M17.88M
Effective Tax Rate %0.17%-6.19%-9.41%-0.08%-13.7%0.23%-3.01%-3.27%
Net Income
-603.81M▲ 0%
-178.9M▲ 70.4%
-142.63M▲ 20.3%
-254.52M▼ 78.4%
-267.42M▼ 5.1%
-275.83M▼ 3.1%
-614.3M▼ 122.7%
-565.38M▲ 0%
Net Margin %-66.19%-14.93%-16.88%-32.49%-25.23%-24.56%-120.68%-320.48%
Net Income Growth %-70.37%20.27%-78.45%-5.07%-3.14%-122.71%-55.72%
Net Income (Continuing)-604.08M-178.9M-141.01M-255.75M-267.15M-275.71M-614.57M-564.84M
Discontinued Operations00000000
Minority Interest1.15M5.3M6.64M5.42M5.63M5.75M5.48M5.81M
EPS (Diluted)
-20.36▲ 0%
-5.85▲ 71.3%
-5.62▲ 3.9%
-6.39▼ 13.7%
-6.31▲ 1.3%
-5.36▲ 15.1%
-73.78▼ 1276.5%
-33.63▲ 0%
EPS Growth %-71.27%3.93%-13.7%1.25%15.06%-1276.49%-1060.44%
EPS (Basic)-20.36-8.16-5.62-6.39-6.31-594.63-73.78-
Diluted Shares Outstanding29.66M29.66M24.5M37.46M40.92M51.44M8.33M16.81M
Basic Shares Outstanding29.66M21.26M24.5M37.46M40.92M463.87K8.33M16.81M
Dividend Payout Ratio--------

MAXN Balance Sheet

Maxeon Solar Technologies, Ltd. (MAXN) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Total Current Assets467.97M618.12M547.2M533.12M791.05M619.02M266.02M145.06M
Cash & Short-Term Investments101.71M120.96M206.74M166.54M303.44M190.17M28.89M17.23M
Cash Only101.71M120.96M206.74M166.54M227.44M190.17M28.89M17.23M
Short-Term Investments000076M000
Accounts Receivable97.08M179.2M102.12M80.27M114.46M92.21M12.56M8.77M
Days Sales Outstanding38.8454.5844.1237.4139.4129.979.0125.21
Inventory222.82M194.85M169.24M263.87M303.23M308.95M40.22M34.1M
Days Inventory Outstanding59.759.2472.28118.5799.89107.9119.3656.23
Other Current Assets8.51M15.72M25.41M6.27M43.55M9.64M176.47M84.96M
Total Non-Current Assets503.33M372.09M433.15M523.42M469.37M382.99M110.26M41.25M
Property, Plant & Equipment285.74M299.96M260.39M402.03M398.31M302.85M100.81M33.04M
Fixed Asset Turnover3.19x3.99x3.24x1.95x2.66x3.71x5.05x2.18x
Goodwill000007.88M00
Intangible Assets12.16M5.09M456K420K5.22M8.08M523K441K
Long-Term Investments47.13M34.39M29.71M15.23M7.06M4M4M4M
Other Non-Current Assets147.9M23.72M132.97M100.56M48.43M60.18M4.92M42.84M
Total Assets
971.3M▲ 0%
990.21M▲ 1.9%
980.34M▼ 1.0%
1.06B▲ 7.8%
1.26B▲ 19.3%
1B▼ 20.5%
376.27M▼ 62.4%
186.31M▲ 0%
Asset Turnover0.94x1.21x0.86x0.74x0.84x1.12x1.35x0.59x
Asset Growth %-1.95%-1%7.77%19.3%-20.5%-62.45%-282.01%
Total Current Liabilities398.96M520.72M308.13M421.04M576.23M431.94M338.51M172.33M
Accounts Payable199.43M286.46M159.18M270.48M247.87M153.02M62.54M47.48M
Days Payables Outstanding53.4387.0967.99121.5481.6553.4530.159.67
Short-Term Debt39.71M59.77M47.78M25.36M50.53M25.43M462K482K
Deferred Revenue (Current)62.81M78.94M20.76M44.06M139.27M134.17M74.31M180.65M
Other Current Liabilities65.65M59.81M65.13M59.91M47.27M75.52M122.82M0
Current Ratio1.17x1.19x1.78x1.27x1.37x1.43x0.79x0.79x
Quick Ratio0.61x0.81x1.23x0.64x0.85x0.72x0.67x0.67x
Cash Conversion Cycle45.1126.7348.4134.4457.6484.43-1.7421.77
Total Non-Current Liabilities136.99M101.97M232.92M280.63M636.12M565.43M326.13M335.62M
Long-Term Debt01.49M135.07M145.99M380.26M386.76M274.5M287.72M
Capital Lease Obligations018.34M13.03M13.46M15.6M19.61M27.43M95.65M
Deferred Tax Liabilities866K337K18.06M1.15M14.91M7M5.31M17.62M
Other Non-Current Liabilities80.51M46.19M33.69M61.04M63.66M38.49M15.55M102.49M
Total Liabilities535.96M622.69M541.06M701.67M1.21B997.37M664.64M507.96M
Total Debt41.85M82.57M198.98M187.27M449.8M437.66M311.49M319.48M
Net Debt-59.86M-38.38M-7.76M20.73M222.36M247.49M282.6M302.26M
Debt / Equity0.10x0.22x0.45x0.53x9.36x94.28x--0.99x
Debt / EBITDA--------0.66x
Net Debt / EBITDA--------0.62x
Interest Coverage-22.26x-5.33x-2.95x-7.51x-6.53x-5.45x-12.15x-13.64x
Total Equity
435.35M▲ 0%
367.52M▼ 15.6%
439.29M▲ 19.5%
354.88M▼ 19.2%
48.07M▼ 86.5%
4.64M▼ 90.3%
-288.37M▼ 6312.1%
-321.65M▲ 0%
Equity Growth %--15.58%19.53%-19.22%-86.45%-90.34%-6312.09%-8280.44%
Book Value per Share14.6812.3917.939.471.170.09-34.63-19.13
Total Shareholders' Equity434.2M362.22M432.64M349.46M42.44M-1.11M-293.84M-327.46M
Common Stock438.21M369.84M000000
Retained Earnings00-8.44M-262.96M-520.26M-796.09M-1.41B-1.47B
Treasury Stock00000000
Accumulated OCI-4.01M-7.62M-10.39M-11.84M-22.11M-16.38M-20.49M-647K
Minority Interest1.15M5.3M6.64M5.42M5.63M5.75M5.48M5.81M

MAXN Cash Flow Statement

Maxeon Solar Technologies, Ltd. (MAXN) cash flow — operating, investing & free cash flow history

Line itemDec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Cash from Operations-156.82M-26.34M-189.16M-4.87M3.44M-254.29M-270.16M-270.16M
Operating CF Margin %-17.19%-2.2%-22.39%-0.62%0.32%-22.64%-53.07%-
Operating CF Growth %-83.2%-618.15%97.43%170.63%-7498.75%-6.24%250.15%
Net Income-604.08M-178.9M-141.01M-255.75M-267.15M-275.71M-614.57M-565.38M
Depreciation & Amortization82.89M53.45M47.33M42.21M56.74M55.88M43.46M23.58M
Stock-Based Compensation8.58M7.13M7.25M7.23M14.58M18.33M28.7M20.05M
Deferred Taxes-2.24M804K-1.33M5.59M8.6M2.44M-355K-348K
Other Non-Cash Items384.44M29.43M-18.04M66.77M31.82M116.41M342.9M364.83M
Working Capital Changes-26.42M61.74M-83.36M129.09M158.84M-171.63M-70.29M-545.5K
Change in Receivables-31.3M-77.57M71.23M38.27M-15.33M-8.33M42.56M15.79M
Change in Inventory18.08M28.41M28.68M-43.17M-106.62M-43.47M50.06M1.54M
Change in Payables00000000
Cash from Investing-52.97M-41.87M-45.49M-154.45M-139.3M13.93M-25.24M27.94M
Capital Expenditures-39.62M-41.91M-27.69M-154.61M-63.34M-67.45M-52.15M-15.86M
CapEx % of Revenue4.34%3.5%3.28%19.74%5.97%6.01%10.24%-
Acquisitions-13.35M0-26.78M00024M24M
Investments--------
Other Investing034K3.75M163K36K5.38M1.58M18.47M
Cash from Financing165.82M89.88M320.35M141.81M211.47M167.95M141.23M92.74M
Debt Issued (Net)-5.26M-2.52M199.46M-23.63M211.79M-25.54M44.79M-6M
Equity Issued (Net)00296.76M169.68M0193.49M96.45M96.45M
Dividends Paid00-134M00000
Share Repurchases00000000
Other Financing171.09M92.41M-41.88M-4.25M-321K002.29M
Net Change in Cash
-43.91M▲ 0%
22.05M▲ 150.2%
85.77M▲ 288.9%
-17.34M▼ 120.2%
75.73M▲ 536.7%
-72.45M▼ 195.7%
-164.5M▼ 127.1%
-84.86M▲ 0%
Free Cash Flow
-196.44M▲ 0%
-68.48M▲ 65.1%
-216.85M▼ 216.7%
-159.54M▲ 26.4%
-60.04M▲ 62.4%
-321.89M▼ 436.1%
-322.31M▼ 0.1%
-186.47M▲ 0%
FCF Margin %-21.53%-5.71%-25.67%-20.37%-5.66%-28.66%-63.32%-105.7%
FCF Growth %-65.14%-216.68%26.43%62.36%-436.1%-0.13%57.51%
FCF per Share-6.62-2.31-8.85-4.26-1.47-6.26-38.71-38.71
FCF Conversion (FCF/Net Income)0.26x0.15x1.33x0.02x-0.01x0.92x0.44x0.33x
Interest Paid1.27M1.93M3.44M15.16M12.91M30.94M17.73M8.08M
Taxes Paid7.59M8.11M12.49M9.58M6.45M15.21M12.56M0

MAXN Key Ratios

Maxeon Solar Technologies, Ltd. (MAXN) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201920202021202220232024TTM
Return on Equity (ROE)-44.57%-35.36%-64.1%-132.73%-1046.55%-198.83%
Return on Invested Capital (ROIC)-28.88%-25.67%-32.05%-46.51%-62.92%-351.09%-351.09%
Gross Margin-0.19%-1.16%-3.7%-4.52%6.96%-49%-137.21%
Net Margin-14.93%-16.88%-32.49%-25.23%-24.56%-120.68%-320.48%
Debt / Equity0.22x0.45x0.53x9.36x94.28x--0.99x
Interest Coverage-5.33x-2.95x-7.51x-6.53x-5.45x-12.15x-13.64x
FCF Conversion0.15x1.33x0.02x-0.01x0.92x0.44x0.33x
Revenue Growth31.35%-29.5%-7.29%35.34%5.94%-54.68%-78.7%

MAXN Frequently Asked Questions

Maxeon Solar Technologies, Ltd. (MAXN) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Maxeon Solar Technologies, Ltd. (MAXN) reported $176.4M in revenue for fiscal year 2024. This represents a 81% decrease from $912.3M in 2018.

Maxeon Solar Technologies, Ltd. (MAXN) saw revenue decline by 54.7% over the past year.

Maxeon Solar Technologies, Ltd. (MAXN) reported a net loss of $565.4M for fiscal year 2024.

Dividend & Returns

Maxeon Solar Technologies, Ltd. (MAXN) had negative free cash flow of $186.5M in fiscal year 2024, likely due to heavy capital investments.

Explore More MAXN

Maxeon Solar Technologies, Ltd. (MAXN) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

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Valuation

DCF intrinsic value, peer multiples & estimates

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