FTC Solar (FTCI) Gross Margin (2020 - 2026)
FTC Solar (FTCI) reported Gross Margin of 7.11% for Q1 2026, up 946.0% on a YoY basis from 0.68% in Q1 2025, and down 143.58% quarter-over-quarter from 16.31% in Q4 2025.
FTC Solar (FTCI) Gross Margin (2020 - 2026) Analysis & Trends
FTC Solar has reported Gross Margin for 7 years, with the latest figure 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.
- The five-year high for Gross Margin was 16.31% in Q4 2025, with the low at 57.42% in Q3 2022.
- Historically, Gross Margin has averaged 12.26% across 5 years, with a median of 16.57% in 2025.
- Annual changes were most pronounced in 2023 — Gross Margin soared 6848 bps — and 2024, when it plunged 5354 bps.
- FTC Solar's Gross Margin 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.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 28.68 Bn | 26.25 Bn | 486.13 Mn | 46.55% |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | 33.77% |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | 35.49% |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | 21.99% |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | 75.28% |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | 29.18% |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | 28.20% |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn | 8.32% |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn | 42.84% |
| 10 | FTC Solar | 68.50 Mn | 62.86 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% |