FTC Solar (FTCI) Debt Ratio (2020 - 2026)

FTC Solar (FTCI) posted Debt Ratio of 0.23 for Q1 2026, up 14.25% on a QoQ basis from 0.2 in Q4 2025, and up 90.91% year-over-year from 0.12 in Q1 2025.

FTC Solar (FTCI) Debt Ratio (2020 - 2026) Analysis & Trends

FTC Solar's Debt Ratio history runs 4 years deep, the most recent figure standing at 0.23 for Q1 2026.

  • Quarterly Debt Ratio rose 90.91% year-over-year to 0.23 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.23 (up 90.91% YoY) and the FY2025 annual result came in at 0.2, up 92.04% from the prior year.
  • Debt Ratio was 0.23 for Q1 2026 at FTC Solar, up from 0.2 in the prior quarter.
  • Across five years, Debt Ratio topped out at 0.23 in Q1 2026 and bottomed at 0.11 in Q4 2024.
  • A 3-year average of 0.16 and a median of 0.14 in 2025 frame the typical range for Debt Ratio.
  • Annual changes were most pronounced in 2025 — Debt Ratio soared 92.04% — and 2026, when it soared 90.91%.
  • FTC Solar's Debt Ratio stood at 0.11 in 2024, then surged by 92.04% to 0.2 in 2025, then rose by 14.25% to 0.23 in 2026.
  • Business Quant data shows FTCI's Debt Ratio at 0.23 in Q1 2026, 0.2 in Q4 2025, and 0.15 in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 First Solar 22.08 Bn 19.65 Bn 486.13 Mn 0.03
2 Nextpower 15.32 Bn 14.23 Bn 297.38 Mn -
3 Enphase Energy 4.98 Bn 4.05 Bn 100.39 Mn 0.21
4 JinkoSolar Holding 3.20 Bn -107.75 Mn 147.66 Mn 0.15
5 Solaredge Technologies 2.60 Bn 2.04 Bn 68.28 Mn -
6 Sunrun 2.35 Bn 687.09 Mn 407.49 Mn 0.02
7 Shoals Technologies 1.55 Bn 1.55 Bn 41.01 Mn 0.18
8 Canadian Solar 925.64 Mn 166.07 Mn 124.40 Mn 0.55
9 Array Technologies 843.55 Mn 642.85 Mn 63.00 Mn 0.45
10 FTC Solar 48.88 Mn 43.25 Mn -1.23 Mn 0.23

Historic Data

Download Data
DateValue
Mar 31, 2026 0.23
Dec 31, 2025 0.20
Sep 30, 2025 0.15
Jun 30, 2025 0.13
Mar 31, 2025 0.12
Dec 31, 2024 0.11
Dec 31, 2020 0.02