FTC Solar (FTCI) Gross Margin (2020 - 2026)
FTC Solar's (FTCI) quarterly Gross Margin came in at 7.11% in Q1 2026, up 946.0% YoY from 0.68% in Q1 2025, and down 143.58% on a QoQ basis from 16.31% in Q4 2025.
FTC Solar (FTCI) Gross Margin (2020 - 2026) Analysis & Trends
FTC Solar (FTCI) has 7 years of Gross Margin data on file, last reported at 7.11% in 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 eased to 7.11% in Q1 2026, from 16.31% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 16.31% in Q4 2025 to a low of 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 plunged 5354 bps.
- Tracing FTCI's Gross Margin over 5 years: stood at 7.3% in 2022, then surged by 141 bps to 2.98% in 2023, then slumped by 1074 bps to 29.06% in 2024, then surged by 156 bps to 16.31% in 2025, then plunged 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 57.28% |
| 2 | Nextpower | 13.25 Bn | 12.03 Bn | 335.85 Mn | 35.91% |
| 3 | Enphase Energy | 5.07 Bn | 4.13 Bn | 175.01 Mn | 59.97% |
| 4 | Sunrun | 2.24 Bn | 2.24 Bn | 527.54 Mn | 60.64% |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | 27.48% |
| 6 | Shoals Technologies | 1.24 Bn | 1.22 Bn | 49.53 Mn | 30.31% |
| 7 | Canadian Solar | 991.33 Mn | -596.96 Mn | 124.40 Mn | 10.22% |
| 8 | JinkoSolar Holding | 831.90 Mn | -2.48 Bn | 147.66 Mn | 8.32% |
| 9 | Array Technologies | 727.79 Mn | 420.48 Mn | 99.60 Mn | 29.12% |
| 10 | FTC Solar | 34.34 Mn | 23.27 Mn | -2.23 Mn | -8.54% |
Historic Data
Download 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% |