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FTC Solar, Inc.

FTCI

$2.74 0.00 (-0.18%) at close

8 Visible periods

31 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Fair

Neutral

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Analytical Summary

FTC Solar, Inc. demonstrates solid fundamentals with strength in Return on Common Equity (%). However, watch Operating Margin (%) and Profit Margin (%) which show concerning trends. Consider comparing against peers in the Technology sector before making investment decisions.

Market Cap $38.4M

Dividend Yield —

Revenue Growth 110.5% ↗

Op. Margin -35.5% ↗

ROIC 107.9% ↗

FCF / Share $-2.47 ↗

Trailing P/E —

Price / Book —

FCF Yield —

Debt / Equity -0.53

info Valuation on last close. End-of-day price, Aug 7, 2026.

8-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$99.69M

↑ +110.5% —

Net Income Profit after all expenses

$-79.58M

↓ -63.7% —

Operating Margin Operating profit as % of sales

-35.5%

↑ +68.1% 7th

FCF / Share Free cash flow per share

$-2.47

↑ +13.9% —

Long-Term Debt Long-term obligations

$9.92M

↑ +4.8% —

trending_up

Bullish Indicators

Debt to EquityDebt to Equity is in the top quartile (lower is better)
Return on Common Equity (%)Return on Common Equity (%) is in the top quartile

warning

Bearish Risks

Operating Margin (%)Operating Margin (%) is in the bottom quartile
Profit Margin (%)Profit Margin (%) is in the bottom quartile

Health Breakdown

Profitability ↑

Returns

100

Financial Health ↑

Cash Quality ↓

Financial view

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📈 Is growth accelerating? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
Revenue Growth YoY (%)	110.5% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+821%)	-62.7% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-623%)	3.2% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-73%)	-54.5% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-554%)	44.4% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+270%)	252.7% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+2006%)	—	—
EPS Growth YoY (%)	-48.3% Weak ↑ Weak Improving Year-over-year change in earnings per share Optimal: > 10%	12.0% Fair ↑ Fair Improving Year-over-year change in earnings per share Optimal: > 10%	-343.9% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	21.0% Good ↑ Good Improving Year-over-year change in earnings per share Optimal: > 10%	-439.1% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	-4.5% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	-63.7% Weak ↓ Weak Declining Year-over-year change in net income	3.3% Caution ↑ Caution Improving Year-over-year change in net income	49.5% Excellent ↑ Excellent Improving Year-over-year change in net income	6.5% Fair ↑ Fair Improving Year-over-year change in net income	-569.4% Weak Weak Year-over-year change in net income	-18.0% Weak Weak Year-over-year change in net income	—	—
FCF Growth YoY (%)	13.9% Fair ↑ Fair Improving Year-over-year change in free cash flow	38.0% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-150.0% Weak Weak Year-over-year change in free cash flow	-18.9% Weak Weak Year-over-year change in free cash flow	N/M	N/M	—	—
Revenue CAGR 3Y (%)	-6.8% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-44.1% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-12.2% Weak Weak Compound annual revenue growth over 3 years	32.3% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	-11.9% Weak Weak Compound annual revenue growth over 5 years	-2.3% Weak Weak Compound annual revenue growth over 5 years	—	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
Operating Margin (%) (%)	-35.5% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-278%)	-111.6% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-658%)	-40.0% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-300%)	-80.9% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-505%)	-46.9% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-334%)	-9.0% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-145%)	-23.3% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-216%)	—
Effective Tax Rate (%) (%)	-0.7% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.5% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.7% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.4% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.2% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.5% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.3% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—
Profit Margin (%) (%)	-79.8% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-632%)	-102.6% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-784%)	-39.6% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-364%)	-80.9% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-640%)	-39.4% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-363%)	-8.5% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-157%)	-25.4% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-269%)	—
FCF Margin (%) (%)	-34.7% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-76.7% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-42.1% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-152.5% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-49.5% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	0.2% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	-0.5% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	0.43x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.75x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	1.06x Fair → Fair Stable Free cash flow relative to reported net income Optimal: > 1x	1.88x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.26x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	-0.02x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	0.02x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
Return on Invested Capital (%)	107.9% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	-186.2% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-80.7% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-150.5% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-88.9% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-204.5% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	146.1% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	-31.7% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-58.7% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-41.3% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-74.1% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-52.2% Weak Weak Operating profit relative to total assets Optimal: > 10%	-23.7% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	185.2% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+901%)	-255.3% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1480%)	-80.5% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-535%)	-149.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-910%)	-74.6% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-503%)	-213.7% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1255%)	159.8% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+764%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
Debt to Equity (x)	-0.53x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-217%)	0.50x Good → Good Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+11%)	0.00x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	0.00x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	0.00x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	0.24x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-47%)	—	—
Interest Coverage (x)	-4.32x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-79.44x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-39.52x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-101.81x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-155.78x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-46.50x Weak Weak Operating income divided by interest expense Optimal: > 5x	-27.25x Weak Weak Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$1.50M	$-1.78M	$-25.23M	$-44.38M	$-102.19M	$-30.57M	$-7.22M	—
Debt / EBITDA (x)	-0.66x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-0.18x Excellent → Excellent Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.00x Excellent ↑ Excellent Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.00x Excellent ↑ Excellent Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.00x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-0.11x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
Revenue per Share (USD)	$7.11	$3.74	$10.99	$1.21	$3.14	$2.72	$0.86	—
Basic EPS, GAAP (USD)	$-5.68	$-3.83	$-4.35	$-0.98	$-1.24	$-0.23	$-0.22	—
Free Cash Flow per Share (USD)	$-2.47	$-2.87	$-4.63	$-1.85	$-1.56	$0.01	$-0.00	—
Book Value per Share (USD)	$-2.76	$1.48	$4.98	$0.63	$1.54	$0.11	$-0.14	—
Tangible Book Value per Share (USD)	$-3.24	$0.93	$4.35	$0.55	$1.54	$0.11	$-0.14	—
Basic Weighted Avg Shares (shares)	14.01M	12.68M	11.55M	101.41M	86.04M	68.81M	62.04M	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
Working Capital (USD)	$29.54M	$27.05M	$53.84M	$58.35M	$142.53M	$5.91M	—	—
LT Debt (USD)	$9.92M	$9.47M	$0.00	—	—	$784.00K	—	—
Total Equity (USD)	$-42.96M	$19.04M	$62.47M	$66.45M	$142.87M	$7.45M	$-8.45M	$-1.86M

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
Sales/Revenue/Turnover (USD)	$99.69M	$47.35M	$127.00M	$123.07M	$270.52M	$187.35M	$53.12M	—
Depreciation Expense (USD)	$1.28M	$1.14M	$833.00K	$631.00K	$232.00K	$14.00K	$12.00K	—
Net Income, GAAP (USD)	$-79.58M	$-48.61M	$-50.29M	$-99.61M	$-106.59M	$-15.92M	$-13.49M	—
Operating Cash Flow (USD)	$-33.44M	$-34.70M	$-52.66M	$-186.70M	$-132.85M	$629.00K	$-254.00K	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 8 years · 27 quarters

FTC Solar, Inc.

Analytical Summary

8-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

Statement lens

Benchmark Lens

Signals

Percentile Rankings

Peer Comparison

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