MAXNQOTCSemiconductors & Related DevicesFiscal year ends December 31
Maxeon Solar Technologies, Ltd.
Financials through fiscal 2024, year ended Dec 31, 2024Last filing: 20-F on Apr 30, 2025
$0.00+0.00 (+59900.00%)
Close on Oct 16, 2026
- Market cap
- –
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2017 to 2024
Gross margin
-49.0%−48.8 pts over 5 years
Operating margin
-113.3%−102.0 pts over 5 years
Net margin
-120.7%−105.4 pts over 5 years
Growth rates
Compound annual growth to fiscal 2024
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -54.7% | -13.4% | -15.7% | – |
Returns and balance sheet
8 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2019 | FY2024 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 416.5% | |
| Return on assets | – | – | -89.1% | |
| Current ratio | – | 1.19 | 0.79 | |
| Interest coverage | – | -5.3× | -12.7× | |
| Inventory turnover | – | – | 4.3× | |
| Capex to revenue | – | 3.5% | 10.2% | |
| Diluted shares | – | 0M | 6M |
Where the cash went
Fiscal 2020 to 2024, five years combined
Maxeon Solar Technologies generated $721.92M from operations and spent $364.82M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$721.92M
Used
$364.82M
Capital expenditure$364.82M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-120.7%
×Asset turnover0.74×
×Equity multiplier-4.67×
=Return on equity, FY2024416.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2024 | -120.7% | 0.74× | -4.67× | 416.5% |
| FY2023 | -24.6% | 0.99× | 54.74× | -1334.8% |
| FY2022 | -25.2% | 0.92× | 5.91× | -136.5% |
| FY2021 | -32.5% | 0.77× | 2.60× | -65.1% |
| FY2020 | -16.9% | 0.86× | 2.48× | -35.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2024 against fiscal 2023
1of 8 tests passed in fiscal 2024. Some tests lack the figures they need.
- ProfitableNet income above zero-$614.30M
- Cash generatingOperating cash flow above zero-$270.16M
- Return on assets improvedROA up on the prior year-21.9% → -61.3%
- Earnings backed by cashOperating cash flow above net income-$270.16M vs -$614.30M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.43 → 0.79
- No dilutionShare count did not rise0M → 6M
- Gross margin improvedGross margin up on the prior year6.96% → -49.00%
- More efficientAsset turnover rose0.89 → 0.51