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
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