FTC Solar (FTCI) Gross Margin (2020 - 2026)
FTC Solar (FTCI) recorded Gross Margin of -8.54% in Q2 2026, up 11.06 percentage points from -19.60% a year earlier but down 1.43 percentage points from the prior quarter.
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Analysis
FTC Solar (FTCI) Gross Margin (2020 - 2026) Analysis & Trends
On a TTM basis, FTC Solar's Gross Margin came in at 2.96% as of Jun 30, 2026, up 27.14 percentage points year-over-year; for FY2025, it was -0.88%, up 25.71 percentage points from FY2024.
- Annual Gross Margin has a five-year change of -2.83 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at -26.59% in FY2024 (-33.14 pp), 6.54% in FY2023 (+28.67 pp), -22.12% in FY2022 (-10.09 pp) and -12.03% in FY2021 (-13.97 pp).
- Quarterly Gross Margin has ranged from -57.42% in Q3 2022 to 14.89% in Q4 2025 over the past five years.
- On a year-over-year basis, Gross Margin has increased for six consecutive quarters, with an average year-over-year change of +3.57 percentage points over the last eight quarters.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 68.48 percentage points in Q3 2023, against a drop of 53.54 percentage points in Q3 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at -7.11% (Q1 2026), 14.89% (Q4 2025) and 6.12% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 252.99 Bn | 214.06 Bn | 2.36 Bn | 21.25% |
| 2 | Bloom Energy | 81.25 Bn | 73.07 Bn | 355.57 Mn | 33.38% |
| 3 | First Solar | 18.82 Bn | 9.78 Bn | 605.00 Mn | 57.28% |
| 4 | BWX Technologies | 12.55 Bn | 10.85 Bn | 202.31 Mn | 22.44% |
| 5 | Generac Holdings | 12.21 Bn | 11.04 Bn | 521.81 Mn | 44.47% |
| 6 | Nextpower | 11.82 Bn | 7.71 Bn | 335.85 Mn | 35.91% |
| 7 | EnerSys | 6.67 Bn | 4.86 Bn | 313.36 Mn | 33.49% |
| 8 | Enphase Energy | 4.36 Bn | -500.13 Mn | 175.01 Mn | 59.97% |
| 9 | Mirion Technologies | 3.45 Bn | 1.34 Bn | 133.10 Mn | 49.89% |
| 10 | FTC Solar | 35.38 Mn | -26.81 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 | 14.89% |
| 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% |
API Access
FTC Solar Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=FTCI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "FTCI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=FTCI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();