FTC Solar (FTCI) Gross Margin (2020 - 2026)
FTC Solar posted quarterly Gross Margin of 7.11% for Q1 2026, up 946.0% year-on-year from 0.68% in Q1 2025, and down 143.58% on a QoQ basis from 16.31% in Q4 2025.
FTC Solar (FTCI) has 7 years of Gross Margin data on file, last reported at 7.11% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 946.0% year-over-year to 7.11%; the trailing twelve-month figure through Mar 2026 stood at 1.44% (up 2651.0% YoY), and the FY2025 full-year result was 0.88%, up 2571.0% from the prior year.
- Gross Margin for Q1 2026 stood at 7.11%, 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.
- The 5-year median for Gross Margin is 16.57% (2025), against an average of 12.26%.
- The widest annual swing landed in 2023, when Gross Margin soared 6848 bps; it then slumped 5354 bps in 2024.
- A 5-year view of Gross Margin shows it stood at 7.3% in 2022, then soared by 141 bps to 2.98% in 2023, then sank by 1074 bps to 29.06% in 2024, then soared by 156 bps to 16.31% in 2025, then tumbled by 144 bps to 7.11% in 2026.
- The last three Gross Margin figures came in at 7.11% (Q1 2026), 16.31% (Q4 2025), and 6.12% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 26.65 Bn | 24.22 Bn | 486.13 Mn | 46.55% |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | 33.77% |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | 10.22% |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | 35.49% |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | 21.99% |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | 75.28% |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | 29.18% |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | 28.20% |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn | 8.32% |
| 10 | FTC Solar | 73.33 Mn | 67.69 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% |
| Mar 31, 2021 | 0.18% |
| Dec 31, 2020 | -10.92% |
| Sep 30, 2020 | 4.81% |
| Jun 30, 2020 | -2.70% |
| Mar 31, 2020 | 21.56% |