FTC Solar (FTCI) FCF Margin (2020 - 2026)
FTC Solar (FTCI) reported FCF Margin of 75.57% for Q1 2026, down 3440.0% on a YoY basis from 2.26% in Q1 2025, and down 171.07% quarter-over-quarter from 27.88% in Q4 2025.
FTC Solar (FTCI) FCF Margin (2020 - 2026) Analysis & Trends
FTC Solar has reported FCF Margin for 7 years, with the latest figure at 75.57% in Q1 2026.
- For the quarter ending Q1 2026, FCF Margin fell 3440.0% year-over-year to 75.57%; the trailing twelve-month figure through Mar 2026 stood at 41.78% (up 1693.0% YoY), and the FY2025 full-year result was 34.68%, up 4207.0% from the prior year.
- FCF Margin for Q1 2026 stood at 75.57%, down from 27.88% in the prior quarter.
- The five-year high for FCF Margin was 53.87% in Q2 2022, with the low at 128.62% in Q4 2024.
- Historically, FCF Margin has averaged 48.82% across 5 years, with a median of 41.18% in 2025.
- Annual changes were most pronounced in 2022 — FCF Margin jumped 17081 bps — and 2023, when it sank 12389 bps.
- FTC Solar's FCF Margin stood at 21.34% in 2022, then sank by 34 bps to 28.57% in 2023, then plunged by 350 bps to 128.62% in 2024, then soared by 78 bps to 27.88% in 2025, then slumped by 171 bps to 75.57% in 2026.
- The last three FCF Margin figures came in at 75.57% (Q1 2026), 27.88% (Q4 2025), and 57.85% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 28.68 Bn | 26.25 Bn | 486.13 Mn | -31.93% |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | 14.00% |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | 32.11% |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | -0.56% |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | 1.41% |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | -29.72% |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | -16.53% |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn | - |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn | -37.55% |
| 10 | FTC Solar | 68.50 Mn | 62.86 Mn | -1.23 Mn | -75.57% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -75.57% |
| Dec 31, 2025 | -27.88% |
| Sep 30, 2025 | -57.85% |
| Jun 30, 2025 | -12.51% |
| Mar 31, 2025 | -41.18% |
| Dec 31, 2024 | -128.62% |
| Sep 30, 2024 | -25.62% |
| Jun 30, 2024 | -39.17% |
| Mar 31, 2024 | -97.63% |
| Dec 31, 2023 | -28.57% |
| Sep 30, 2023 | -51.85% |
| Jun 30, 2023 | -70.03% |
| Mar 31, 2023 | -20.40% |
| Dec 31, 2022 | -21.34% |
| Sep 30, 2022 | -77.35% |
| Jun 30, 2022 | 53.87% |
| Mar 31, 2022 | -108.23% |
| Dec 31, 2021 | -40.00% |
| Sep 30, 2021 | -16.24% |
| Jun 30, 2021 | -116.95% |