FTC Solar (FTCI) Asset Utilization Ratio (2021 - 2026)
FTC Solar (FTCI) posted Asset Utilization Ratio of 0.89 for Q1 2026, up 2.63% on a QoQ basis from 0.87 in Q4 2025, and up 39.31% year-over-year from 0.64 in Q1 2025.
FTC Solar (FTCI) Asset Utilization Ratio (2021 - 2026) Analysis & Trends
FTC Solar's Asset Utilization Ratio history runs 6 years deep, the most recent figure standing at 0.89 for Q1 2026.
- Quarterly Asset Utilization Ratio rose 39.31% year-over-year to 0.89 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.89 (up 39.31% YoY) and the FY2025 annual result came in at 0.99, up 122.26% from the prior year.
- Asset Utilization Ratio was 0.89 for Q1 2026 at FTC Solar, 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.
- A 5-year average of 0.86 and a median of 0.84 in 2023 frame the typical range for Asset Utilization Ratio.
- Annual changes were most pronounced in 2022 — Asset Utilization Ratio tumbled 63.51% — and 2025, when it surged 66.28%.
- FTC Solar's Asset Utilization Ratio stood at 0.87 in 2022, then gained by 12.57% to 0.98 in 2023, then sank by 46.76% to 0.52 in 2024, then jumped by 66.28% to 0.87 in 2025, then increased by 2.63% to 0.89 in 2026.
- Business Quant data shows FTCI's Asset Utilization Ratio at 0.89 in Q1 2026, 0.87 in Q4 2025, and 0.82 in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.08 Bn | 19.65 Bn | 486.13 Mn | 0.41 |
| 2 | Nextpower | 15.32 Bn | 14.23 Bn | 297.38 Mn | 0.90 |
| 3 | Enphase Energy | 4.98 Bn | 4.05 Bn | 100.39 Mn | 0.45 |
| 4 | JinkoSolar Holding | 3.20 Bn | -107.75 Mn | 147.66 Mn | 0.51 |
| 5 | Solaredge Technologies | 2.60 Bn | 2.04 Bn | 68.28 Mn | 0.52 |
| 6 | Sunrun | 2.35 Bn | 687.09 Mn | 407.49 Mn | 0.14 |
| 7 | Shoals Technologies | 1.55 Bn | 1.55 Bn | 41.01 Mn | 0.55 |
| 8 | Canadian Solar | 925.64 Mn | 166.07 Mn | 124.40 Mn | 0.74 |
| 9 | Array Technologies | 843.55 Mn | 642.85 Mn | 63.00 Mn | 0.82 |
| 10 | FTC Solar | 48.88 Mn | 43.25 Mn | -1.23 Mn | 0.89 |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |