FTC Solar (FTCI) Debt Ratio (2020 - 2026)
FTC Solar's Debt Ratio came in at 0.84 for Q3 2026, up 461.5% from 0.15 a year earlier but down 15.8% from the prior quarter.
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Analysis
FTC Solar (FTCI) Debt Ratio (2020 - 2026) Analysis & Trends
For FY2025, FTC Solar's Debt Ratio was 0.78, up 645.0% from FY2024.
- Going back by year, Debt Ratio was 0.11 in FY2024.
- The five-year range for quarterly Debt Ratio is 0.11 (Q4 2024) to 1.00 (Q2 2026).
- Year-over-year, Debt Ratio has increased for four consecutive quarters, with growth averaging 595.1% over the last four quarters.
- Business Quant data shows FTCI's Debt Ratio at 1.00 (Q2 2026), 0.87 (Q1 2026) and 0.78 (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 212.47 Bn | 164.72 Bn | 3.11 Bn | 0.03 |
| 2 | Bloom Energy | 56.73 Bn | 46.66 Bn | 417.10 Mn | 0.00 |
| 3 | First Solar | 18.42 Bn | 9.79 Bn | 713.06 Mn | 0.01 |
| 4 | Nextpower | 14.32 Bn | 10.03 Bn | 345.32 Mn | - |
| 5 | BWX Technologies | 11.27 Bn | 9.04 Bn | 227.14 Mn | 0.43 |
| 6 | Generac Holdings | 11.25 Bn | 9.99 Bn | 516.04 Mn | 0.22 |
| 7 | Innio | 10.93 Bn | 7.17 Bn | 367.70 Mn | 0.42 |
| 8 | EnerSys | 5.13 Bn | 3.44 Bn | 284.35 Mn | 0.22 |
| 9 | Mirion Technologies | 4.30 Bn | 2.71 Bn | 131.50 Mn | 0.13 |
| 10 | FTC Solar | 19.06 Mn | -35.44 Mn | 1.90 Mn | 0.84 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 0.84 |
| Jun 30, 2026 | 1.00 |
| Mar 31, 2026 | 0.87 |
| Dec 31, 2025 | 0.78 |
| Sep 30, 2025 | 0.15 |
| Jun 30, 2025 | 0.13 |
| Mar 31, 2025 | 0.12 |
| Dec 31, 2024 | 0.11 |
| Dec 31, 2020 | 0.03 |
API Access
FTC Solar Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=FTCI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "FTCI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=FTCI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();