FTC Solar (FTCI) Gross Margin (2020 - 2026)
FTC Solar's (FTCI) quarterly Gross Margin came in at 8.54% in Q2 2026, up 1106.0% on a YoY basis from 0.71% in Q2 2025, and down 20.18% quarter-over-quarter from 7.11% in Q1 2026.
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FTC Solar (FTCI) Gross Margin (2020 - 2026) Analysis & Trends
FTC Solar (FTCI) has reported Gross Margin for 7 consecutive years, with 8.54% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin rose 1106.0% year-over-year to 8.54%; the trailing twelve-month figure through Jun 2026 stood at 3.04% (up 2722.0% YoY), and the FY2025 full-year result was 0.88%, up 2571.0% from the prior year.
- Gross Margin eased to 8.54% in Q2 2026 per FTCI's latest filing, from 7.11% 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.
- Historically, Gross Margin has averaged 12.06% across 5 years, with a median of 12.56% in 2025.
- The sharpest annual moves came in 2023 and 2024: Gross Margin jumped 6848 bps in 2023, then sank 5354 bps in 2024.
- Over 5 years, 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 tumbled by 152 bps to 8.54% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 8.54%, 7.11%, and 16.31% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.26 Bn | 20.53 Bn | 605.00 Mn | 57.28% |
| 2 | Nextpower | 12.25 Bn | 11.04 Bn | 335.85 Mn | 35.91% |
| 3 | Enphase Energy | 4.86 Bn | 3.93 Bn | 175.01 Mn | 59.97% |
| 4 | Solaredge Technologies | 2.25 Bn | 1.67 Bn | 95.15 Mn | 27.48% |
| 5 | T1 Energy | 1.29 Bn | 1.08 Bn | 49.10 Mn | 19.63% |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | 30.31% |
| 7 | Canadian Solar | 877.81 Mn | -588.69 Mn | 168.48 Mn | 13.95% |
| 8 | Array Technologies | 700.09 Mn | 392.79 Mn | 99.60 Mn | 29.12% |
| 9 | JinkoSolar Holding | 608.82 Mn | -2.07 Bn | 75.62 Mn | 4.15% |
| 10 | FTC Solar | 36.75 Mn | 25.68 Mn | -2.23 Mn | -8.54% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -8.54% |
| 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% |