FTC Solar (FTCI) Asset Utilization Ratio (2021 - 2026)
FTC Solar's (FTCI) quarterly Asset Utilization Ratio came in at 1.02 in Q2 2026, up 32.2% on a YoY basis from 0.77 in Q2 2025, and up 14.09% quarter-over-quarter from 0.89 in Q1 2026.
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Analysis
FTC Solar (FTCI) Asset Utilization Ratio (2021 - 2026) Analysis & Trends
FTC Solar (FTCI) has reported Asset Utilization Ratio for 6 consecutive years, with 1.02 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Asset Utilization Ratio rose 32.2% year-over-year to 1.02; the trailing twelve-month figure through Jun 2026 stood at 1.02 (up 32.2% YoY), and the FY2025 full-year result was 0.99, up 122.26% from the prior year.
- Asset Utilization Ratio grew to 1.02 in Q2 2026 per FTCI's latest filing, from 0.89 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.
- Historically, Asset Utilization Ratio has averaged 0.87 across 5 years, with a median of 0.85 in 2023.
- The sharpest annual moves came in 2022 and 2025: Asset Utilization Ratio sank 63.51% in 2022, then soared 66.28% in 2025.
- Over 5 years, 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 rose by 17.09% to 1.02 in 2026.
- According to Business Quant data, Asset Utilization Ratio over the past three periods registered 1.02, 0.89, and 0.87 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.26 Bn | 20.53 Bn | 605.00 Mn | 0.40 |
| 2 | Nextpower | 12.25 Bn | 11.04 Bn | 335.85 Mn | 0.87 |
| 3 | Enphase Energy | 4.86 Bn | 3.93 Bn | 175.01 Mn | 0.47 |
| 4 | Solaredge Technologies | 2.25 Bn | 1.67 Bn | 95.15 Mn | 0.56 |
| 5 | T1 Energy | 1.29 Bn | 1.08 Bn | 49.10 Mn | 0.67 |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | 0.57 |
| 7 | Canadian Solar | 877.81 Mn | -588.69 Mn | 168.48 Mn | 0.32 |
| 8 | Array Technologies | 700.09 Mn | 392.79 Mn | 99.60 Mn | 0.79 |
| 9 | JinkoSolar Holding | 608.82 Mn | -2.07 Bn | 75.62 Mn | 0.47 |
| 10 | FTC Solar | 36.75 Mn | 25.68 Mn | -2.23 Mn | 1.02 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.02 |
| 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 |