FTC Solar (FTCI) Gross Margin (2020 - 2026)
FTC Solar (FTCI) posted Gross Margin of 7.11% for Q1 2026, down 143.58% on a QoQ basis from 16.31% in Q4 2025, and up 946.0% year-over-year from 0.68% in Q1 2025.
FTC Solar (FTCI) Gross Margin (2020 - 2026) Analysis & Trends
FTC Solar's Gross Margin history runs 7 years deep, the most recent figure standing at 7.11% for Q1 2026.
- Quarterly Gross Margin rose 946.0% year-over-year to 7.11% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 1.44% (up 2651.0% YoY) and the FY2025 annual result came in at 0.88%, up 2571.0% from the prior year.
- Gross Margin was 7.11% for Q1 2026 at FTC Solar, down from 16.31% in the prior quarter.
- Across five years, Gross Margin topped out at 16.31% in Q4 2025 and bottomed at 57.42% in Q3 2022.
- A 5-year average of 12.26% and a median of 16.57% in 2025 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2023 — Gross Margin soared 6848 bps — and 2024, when it tumbled 5354 bps.
- FTC Solar's Gross Margin stood at 7.3% in 2022, then jumped by 141 bps to 2.98% in 2023, then plunged by 1074 bps to 29.06% in 2024, then jumped by 156 bps to 16.31% in 2025, then slumped by 144 bps to 7.11% in 2026.
- Business Quant data shows FTCI's Gross Margin at 7.11% in Q1 2026, 16.31% in Q4 2025, and 6.12% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.08 Bn | 19.65 Bn | 486.13 Mn | 46.55% |
| 2 | Nextpower | 15.32 Bn | 14.23 Bn | 297.38 Mn | 33.77% |
| 3 | Enphase Energy | 4.98 Bn | 4.05 Bn | 100.39 Mn | 35.49% |
| 4 | JinkoSolar Holding | 3.20 Bn | -107.75 Mn | 147.66 Mn | 8.32% |
| 5 | Solaredge Technologies | 2.60 Bn | 2.04 Bn | 68.28 Mn | 21.99% |
| 6 | Sunrun | 2.35 Bn | 687.09 Mn | 407.49 Mn | 56.42% |
| 7 | Shoals Technologies | 1.55 Bn | 1.55 Bn | 41.01 Mn | 29.18% |
| 8 | Canadian Solar | 925.64 Mn | 166.07 Mn | 124.40 Mn | 10.22% |
| 9 | Array Technologies | 843.55 Mn | 642.85 Mn | 63.00 Mn | 28.20% |
| 10 | FTC Solar | 48.88 Mn | 43.25 Mn | -1.23 Mn | -7.11% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -7.11% |
| Dec 31, 2025 | 16.31% |
| Sep 30, 2025 | 6.12% |
| Jun 30, 2025 | -19.60% |
| Mar 31, 2025 | -16.57% |
| Dec 31, 2024 | -29.06% |
| Sep 30, 2024 | -42.48% |
| Jun 30, 2024 | -20.50% |
| Mar 31, 2024 | -16.75% |
| Dec 31, 2023 | 2.98% |
| Sep 30, 2023 | 11.06% |
| Jun 30, 2023 | 6.80% |
| Mar 31, 2023 | 4.98% |
| Dec 31, 2022 | -7.30% |
| Sep 30, 2022 | -57.42% |
| Jun 30, 2022 | -21.20% |
| Mar 31, 2022 | -18.74% |
| Dec 31, 2021 | -8.43% |
| Sep 30, 2021 | -15.17% |
| Jun 30, 2021 | 32.03% |