FTC Solar (FTCI) Equity Ratio (2020 - 2026)
FTC Solar (FTCI) reported Equity Ratio of 0.06 for Q1 2026, down 134.02% on a YoY basis from 0.18 in Q1 2025, and up 83.64% quarter-over-quarter from 0.38 in Q4 2025.
FTC Solar (FTCI) Equity Ratio (2020 - 2026) Analysis & Trends
FTC Solar has reported Equity Ratio for 7 years, with the latest figure 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.
- The five-year high for Equity Ratio was 0.58 in Q2 2023, with the low at 0.38 in Q4 2025.
- Historically, Equity Ratio has averaged 0.32 across 5 years, with a median of 0.48 in 2024.
- Annual changes were most pronounced in 2022 — Equity Ratio surged 8202.91% — and 2025, when it plunged 281.5%.
- FTC Solar's Equity Ratio stood at 0.49 in 2022, then advanced by 2.67% to 0.51 in 2023, then plunged by 58.3% to 0.21 in 2024, then plunged by 281.5% to 0.38 in 2025, then surged 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 | 28.68 Bn | 26.25 Bn | 486.13 Mn | 0.74 |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | 0.57 |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | 0.40 |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | 0.18 |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | 0.15 |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | 0.58 |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | -0.15 |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn | - |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn | 0.55 |
| 10 | FTC Solar | 68.50 Mn | 62.86 Mn | -1.23 Mn | -0.06 |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |