Growth Metrics

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

FTC Solar posted quarterly Equity Ratio of 0.06 for Q1 2026, down 134.02% year-on-year from 0.18 in Q1 2025, and up 83.64% on a QoQ basis from 0.38 in Q4 2025.

FTC Solar (FTCI) has 7 years of Equity Ratio data on file, last reported at 0.06 in Q1 2026.

  • For the quarter ending Q1 2026, Equity Ratio fell 134.02% year-over-year to 0.06; the trailing twelve-month figure through Mar 2026 stood at 0.06 (down 134.02% YoY), and the FY2025 full-year result was 0.38, down 281.5% from the prior year.
  • Equity Ratio for Q1 2026 stood at 0.06, up from 0.38 in the prior quarter.
  • Across five years, Equity Ratio topped out at 0.58 in Q2 2023 and bottomed at 0.38 in Q4 2025.
  • The 5-year median for Equity Ratio is 0.48 (2024), against an average of 0.32.
  • The widest annual swing landed in 2022, when Equity Ratio surged 8202.91%; it then slumped 281.5% in 2025.
  • A 5-year view of Equity Ratio shows it stood at 0.49 in 2022, then climbed by 2.67% to 0.51 in 2023, then tumbled by 58.3% to 0.21 in 2024, then tumbled by 281.5% to 0.38 in 2025, then soared by 83.64% to 0.06 in 2026.
  • The last three Equity Ratio figures came in at 0.06 (Q1 2026), 0.38 (Q4 2025), and 0.12 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Ratio (Qtr)
1 First Solar 26.65 Bn 24.22 Bn 486.13 Mn 0.74
2 Nextpower 17.99 Bn 16.90 Bn 297.38 Mn 0.57
3 Canadian Solar 15.11 Bn 15.69 Bn 124.40 Mn 0.26
4 Enphase Energy 8.19 Bn 7.26 Bn 100.39 Mn 0.40
5 Solaredge Technologies 3.80 Bn 3.25 Bn 68.28 Mn 0.18
6 Sunrun 3.38 Bn 4.27 Bn 543.70 Mn 0.15
7 Shoals Technologies 1.60 Bn 1.60 Bn 41.01 Mn 0.58
8 Array Technologies 1.25 Bn 1.05 Bn 63.00 Mn -0.15
9 JinkoSolar Holding 677.44 Mn 2.29 Bn 147.66 Mn 0.22
10 FTC Solar 73.33 Mn 67.69 Mn -1.23 Mn -0.06

Historic Data

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DateValue
Mar 31, 2026 -0.06
Dec 31, 2025 -0.38
Sep 30, 2025 -0.12
Jun 30, 2025 0.11
Mar 31, 2025 0.18
Dec 31, 2024 0.21
Sep 30, 2024 0.33
Jun 30, 2024 0.44
Mar 31, 2024 0.48
Dec 31, 2023 0.51
Sep 30, 2023 0.54
Jun 30, 2023 0.58
Mar 31, 2023 0.49
Dec 31, 2022 0.49
Sep 30, 2022 0.55
Jun 30, 2022 0.54
Mar 31, 2022 0.57
Dec 31, 2021 0.59
Sep 30, 2021 0.69
Jun 30, 2021 0.75
Mar 31, 2021 0.01
Dec 31, 2020 0.10