Maxeon Solar Technologies, Ltd. (MAXN) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Maxeon Solar Technologies, Ltd. (MAXN) stock price & volume — 10-year historical chart
Maxeon Solar Technologies, Ltd. (MAXN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Maxeon Solar Technologies, Ltd. (MAXN) competitors in Solar modules and inverters — business model, growth, and fundamentals comparison
Maxeon Solar Technologies, Ltd. (MAXN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Maxeon Solar Technologies, Ltd. (MAXN) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 912.31M | 1.2B | 844.84M | 783.28M | 1.06B | 1.12B | 509.05M | 176.41M |
| Revenue Growth % | - | 31.35% | -29.5% | -7.29% | 35.34% | 5.94% | -54.68% | -78.7% |
| Cost of Goods Sold | 1.36B | 1.2B | 854.62M | 812.29M | 1.11B | 1.04B | 758.46M | 418.48M |
| COGS % of Revenue | 149.32% | 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 Expenses | 132.07M | 133.85M | 120.4M | 143.43M | 152.35M | 297.32M | 327.23M | 270.39M |
| OpEx % of Revenue | 14.48% | 11.17% | 14.25% | 18.31% | 14.37% | 26.47% | 64.28% | - |
| Selling, General & Admin | 82.04M | 96.86M | 86.2M | 88.82M | 100.55M | 126.17M | 158.32M | 104.48M |
| SG&A % of Revenue | 8.99% | 8.08% | 10.2% | 11.34% | 9.48% | 11.23% | 31.1% | - |
| Research & Development | 50.03M | 37M | 34.19M | 46.53M | 49.68M | 45.7M | 37.55M | 32.85M |
| R&D % of Revenue | 5.48% | 3.09% | 4.05% | 5.94% | 4.69% | 4.07% | 7.38% | - |
| Other Operating Expenses | 0 | 0 | 0 | 8.08M | 2.12M | 125.45M | 131.35M | 4M |
| 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) | 82.89M | 53.45M | 47.33M | 42.21M | 56.74M | 55.88M | 43.46M | 24.81M |
| 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 Income | 0 | 0 | 0 | 290K | 2.53M | 9.39M | 2.09M | 760K |
| Interest Expense | 25.89M | 25.83M | 31.86M | 28.14M | 30.34M | 42.44M | 45.37M | 38.78M |
| Other Income/Expense | -12.42M | -27.79M | 1.29M | -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 | -1.05M | 10.12M | 12.13M | 203K | 32.19M | -626K | 17.95M | 17.88M |
| 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 Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 1.15M | 5.3M | 6.64M | 5.42M | 5.63M | 5.75M | 5.48M | 5.81M |
| 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 Outstanding | 29.66M | 29.66M | 24.5M | 37.46M | 40.92M | 51.44M | 8.33M | 16.81M |
| Basic Shares Outstanding | 29.66M | 21.26M | 24.5M | 37.46M | 40.92M | 463.87K | 8.33M | 16.81M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - |
Maxeon Solar Technologies, Ltd. (MAXN) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 467.97M | 618.12M | 547.2M | 533.12M | 791.05M | 619.02M | 266.02M | 145.06M |
| Cash & Short-Term Investments | 101.71M | 120.96M | 206.74M | 166.54M | 303.44M | 190.17M | 28.89M | 17.23M |
| Cash Only | 101.71M | 120.96M | 206.74M | 166.54M | 227.44M | 190.17M | 28.89M | 17.23M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 76M | 0 | 0 | 0 |
| Accounts Receivable | 97.08M | 179.2M | 102.12M | 80.27M | 114.46M | 92.21M | 12.56M | 8.77M |
| Days Sales Outstanding | 38.84 | 54.58 | 44.12 | 37.41 | 39.41 | 29.97 | 9.01 | 25.21 |
| Inventory | 222.82M | 194.85M | 169.24M | 263.87M | 303.23M | 308.95M | 40.22M | 34.1M |
| Days Inventory Outstanding | 59.7 | 59.24 | 72.28 | 118.57 | 99.89 | 107.91 | 19.36 | 56.23 |
| Other Current Assets | 8.51M | 15.72M | 25.41M | 6.27M | 43.55M | 9.64M | 176.47M | 84.96M |
| Total Non-Current Assets | 503.33M | 372.09M | 433.15M | 523.42M | 469.37M | 382.99M | 110.26M | 41.25M |
| Property, Plant & Equipment | 285.74M | 299.96M | 260.39M | 402.03M | 398.31M | 302.85M | 100.81M | 33.04M |
| Fixed Asset Turnover | 3.19x | 3.99x | 3.24x | 1.95x | 2.66x | 3.71x | 5.05x | 2.18x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 7.88M | 0 | 0 |
| Intangible Assets | 12.16M | 5.09M | 456K | 420K | 5.22M | 8.08M | 523K | 441K |
| Long-Term Investments | 47.13M | 34.39M | 29.71M | 15.23M | 7.06M | 4M | 4M | 4M |
| Other Non-Current Assets | 147.9M | 23.72M | 132.97M | 100.56M | 48.43M | 60.18M | 4.92M | 42.84M |
| 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 Turnover | 0.94x | 1.21x | 0.86x | 0.74x | 0.84x | 1.12x | 1.35x | 0.59x |
| Asset Growth % | - | 1.95% | -1% | 7.77% | 19.3% | -20.5% | -62.45% | -282.01% |
| Total Current Liabilities | 398.96M | 520.72M | 308.13M | 421.04M | 576.23M | 431.94M | 338.51M | 172.33M |
| Accounts Payable | 199.43M | 286.46M | 159.18M | 270.48M | 247.87M | 153.02M | 62.54M | 47.48M |
| Days Payables Outstanding | 53.43 | 87.09 | 67.99 | 121.54 | 81.65 | 53.45 | 30.1 | 59.67 |
| Short-Term Debt | 39.71M | 59.77M | 47.78M | 25.36M | 50.53M | 25.43M | 462K | 482K |
| Deferred Revenue (Current) | 62.81M | 78.94M | 20.76M | 44.06M | 139.27M | 134.17M | 74.31M | 180.65M |
| Other Current Liabilities | 65.65M | 59.81M | 65.13M | 59.91M | 47.27M | 75.52M | 122.82M | 0 |
| Current Ratio | 1.17x | 1.19x | 1.78x | 1.27x | 1.37x | 1.43x | 0.79x | 0.79x |
| Quick Ratio | 0.61x | 0.81x | 1.23x | 0.64x | 0.85x | 0.72x | 0.67x | 0.67x |
| Cash Conversion Cycle | 45.11 | 26.73 | 48.41 | 34.44 | 57.64 | 84.43 | -1.74 | 21.77 |
| Total Non-Current Liabilities | 136.99M | 101.97M | 232.92M | 280.63M | 636.12M | 565.43M | 326.13M | 335.62M |
| Long-Term Debt | 0 | 1.49M | 135.07M | 145.99M | 380.26M | 386.76M | 274.5M | 287.72M |
| Capital Lease Obligations | 0 | 18.34M | 13.03M | 13.46M | 15.6M | 19.61M | 27.43M | 95.65M |
| Deferred Tax Liabilities | 866K | 337K | 18.06M | 1.15M | 14.91M | 7M | 5.31M | 17.62M |
| Other Non-Current Liabilities | 80.51M | 46.19M | 33.69M | 61.04M | 63.66M | 38.49M | 15.55M | 102.49M |
| Total Liabilities | 535.96M | 622.69M | 541.06M | 701.67M | 1.21B | 997.37M | 664.64M | 507.96M |
| Total Debt | 41.85M | 82.57M | 198.98M | 187.27M | 449.8M | 437.66M | 311.49M | 319.48M |
| Net Debt | -59.86M | -38.38M | -7.76M | 20.73M | 222.36M | 247.49M | 282.6M | 302.26M |
| Debt / Equity | 0.10x | 0.22x | 0.45x | 0.53x | 9.36x | 94.28x | - | -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 Share | 14.68 | 12.39 | 17.93 | 9.47 | 1.17 | 0.09 | -34.63 | -19.13 |
| Total Shareholders' Equity | 434.2M | 362.22M | 432.64M | 349.46M | 42.44M | -1.11M | -293.84M | -327.46M |
| Common Stock | 438.21M | 369.84M | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 0 | 0 | -8.44M | -262.96M | -520.26M | -796.09M | -1.41B | -1.47B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -4.01M | -7.62M | -10.39M | -11.84M | -22.11M | -16.38M | -20.49M | -647K |
| Minority Interest | 1.15M | 5.3M | 6.64M | 5.42M | 5.63M | 5.75M | 5.48M | 5.81M |
Maxeon Solar Technologies, Ltd. (MAXN) cash flow — operating, investing & free cash flow history
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -156.82M | -26.34M | -189.16M | -4.87M | 3.44M | -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 & Amortization | 82.89M | 53.45M | 47.33M | 42.21M | 56.74M | 55.88M | 43.46M | 23.58M |
| Stock-Based Compensation | 8.58M | 7.13M | 7.25M | 7.23M | 14.58M | 18.33M | 28.7M | 20.05M |
| Deferred Taxes | -2.24M | 804K | -1.33M | 5.59M | 8.6M | 2.44M | -355K | -348K |
| Other Non-Cash Items | 384.44M | 29.43M | -18.04M | 66.77M | 31.82M | 116.41M | 342.9M | 364.83M |
| Working Capital Changes | -26.42M | 61.74M | -83.36M | 129.09M | 158.84M | -171.63M | -70.29M | -545.5K |
| Change in Receivables | -31.3M | -77.57M | 71.23M | 38.27M | -15.33M | -8.33M | 42.56M | 15.79M |
| Change in Inventory | 18.08M | 28.41M | 28.68M | -43.17M | -106.62M | -43.47M | 50.06M | 1.54M |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -52.97M | -41.87M | -45.49M | -154.45M | -139.3M | 13.93M | -25.24M | 27.94M |
| Capital Expenditures | -39.62M | -41.91M | -27.69M | -154.61M | -63.34M | -67.45M | -52.15M | -15.86M |
| CapEx % of Revenue | 4.34% | 3.5% | 3.28% | 19.74% | 5.97% | 6.01% | 10.24% | - |
| Acquisitions | -13.35M | 0 | -26.78M | 0 | 0 | 0 | 24M | 24M |
| Investments | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 34K | 3.75M | 163K | 36K | 5.38M | 1.58M | 18.47M |
| Cash from Financing | 165.82M | 89.88M | 320.35M | 141.81M | 211.47M | 167.95M | 141.23M | 92.74M |
| Debt Issued (Net) | -5.26M | -2.52M | 199.46M | -23.63M | 211.79M | -25.54M | 44.79M | -6M |
| Equity Issued (Net) | 0 | 0 | 296.76M | 169.68M | 0 | 193.49M | 96.45M | 96.45M |
| Dividends Paid | 0 | 0 | -134M | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 171.09M | 92.41M | -41.88M | -4.25M | -321K | 0 | 0 | 2.29M |
| 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) | 0.26x | 0.15x | 1.33x | 0.02x | -0.01x | 0.92x | 0.44x | 0.33x |
| Interest Paid | 1.27M | 1.93M | 3.44M | 15.16M | 12.91M | 30.94M | 17.73M | 8.08M |
| Taxes Paid | 7.59M | 8.11M | 12.49M | 9.58M | 6.45M | 15.21M | 12.56M | 0 |
Maxeon Solar Technologies, Ltd. (MAXN) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|
| 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 / Equity | 0.22x | 0.45x | 0.53x | 9.36x | 94.28x | - | -0.99x |
| Interest Coverage | -5.33x | -2.95x | -7.51x | -6.53x | -5.45x | -12.15x | -13.64x |
| FCF Conversion | 0.15x | 1.33x | 0.02x | -0.01x | 0.92x | 0.44x | 0.33x |
| Revenue Growth | 31.35% | -29.5% | -7.29% | 35.34% | 5.94% | -54.68% | -78.7% |
Maxeon Solar Technologies, Ltd. (MAXN) stock FAQ — growth, dividends, profitability & financials explained
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.
Maxeon Solar Technologies, Ltd. (MAXN) had negative free cash flow of $186.5M in fiscal year 2024, likely due to heavy capital investments.
Maxeon Solar Technologies, Ltd. (MAXN) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates