Growth Metrics

FTC Solar (FTCI) Asset Utilization Ratio (2021 - 2026)

FTC Solar posted quarterly Asset Utilization Ratio of 0.89 for Q1 2026, up 39.31% year-on-year from 0.64 in Q1 2025, and up 2.63% on a QoQ basis from 0.87 in Q4 2025.

FTC Solar (FTCI) has 6 years of Asset Utilization Ratio data on file, last reported at 0.89 in Q1 2026.

  • For the quarter ending Q1 2026, Asset Utilization Ratio rose 39.31% year-over-year to 0.89; the trailing twelve-month figure through Mar 2026 stood at 0.89 (up 39.31% YoY), and the FY2025 full-year result was 0.99, up 122.26% from the prior year.
  • Asset Utilization Ratio for Q1 2026 stood at 0.89, up from 0.87 in the prior quarter.
  • Across five years, Asset Utilization Ratio topped out at 1.19 in Q3 2022 and bottomed at 0.52 in Q4 2024.
  • The 5-year median for Asset Utilization Ratio is 0.84 (2023), against an average of 0.86.
  • The widest annual swing landed in 2022, when Asset Utilization Ratio slumped 63.51%; it then surged 66.28% in 2025.
  • A 5-year view of Asset Utilization Ratio shows it stood at 0.87 in 2022, then rose by 12.57% to 0.98 in 2023, then slumped by 46.76% to 0.52 in 2024, then soared by 66.28% to 0.87 in 2025, then grew by 2.63% to 0.89 in 2026.
  • The last three Asset Utilization Ratio figures came in at 0.89 (Q1 2026), 0.87 (Q4 2025), and 0.82 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Asset Util. (Qtr)
1 First Solar 26.65 Bn 24.22 Bn 486.13 Mn 0.41
2 Nextpower 17.99 Bn 16.90 Bn 297.38 Mn 0.90
3 Canadian Solar 15.11 Bn 15.69 Bn 124.40 Mn 0.74
4 Enphase Energy 8.19 Bn 7.26 Bn 100.39 Mn 0.45
5 Solaredge Technologies 3.80 Bn 3.25 Bn 68.28 Mn 0.52
6 Sunrun 3.38 Bn 4.27 Bn 543.70 Mn 0.14
7 Shoals Technologies 1.60 Bn 1.60 Bn 41.01 Mn 0.55
8 Array Technologies 1.25 Bn 1.05 Bn 63.00 Mn 0.82
9 JinkoSolar Holding 677.44 Mn 2.29 Bn 147.66 Mn 0.51
10 FTC Solar 73.33 Mn 67.69 Mn -1.23 Mn 0.89

Historic Data

Download Data 🔒
DateValue
Mar 31, 2026 0.89
Dec 31, 2025 0.87
Sep 30, 2025 0.82
Jun 30, 2025 0.77
Mar 31, 2025 0.64
Dec 31, 2024 0.52
Sep 30, 2024 0.60
Jun 30, 2024 0.72
Mar 31, 2024 0.83
Dec 31, 2023 0.98
Sep 30, 2023 0.95
Jun 30, 2023 0.84
Mar 31, 2023 0.84
Dec 31, 2022 0.87
Sep 30, 2022 1.19
Jun 30, 2022 1.18
Mar 31, 2022 1.12
Dec 31, 2021 1.13
Sep 30, 2021 0.89
Jun 30, 2021 1.40
Mar 31, 2021 3.07