FTC Solar (FTCI) Net Margin (2020 - 2026)
FTC Solar's (FTCI) quarterly Net Margin came in at 103.7% in Q2 2026, down 2652.0% on a YoY basis from 4.06% in Q2 2025, and down 10.9% quarter-over-quarter from 93.5% in Q1 2026.
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Analysis
FTC Solar (FTCI) Net Margin (2020 - 2026) Analysis & Trends
FTC Solar (FTCI) has reported Net Margin for 7 consecutive years, with 103.7% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Net Margin fell 2652.0% year-over-year to 103.7%; the trailing twelve-month figure through Jun 2026 stood at 86.94% (down 2293.0% YoY), and the FY2025 full-year result was 62.65%, up 1806.0% from the prior year.
- Net Margin eased to 103.7% in Q2 2026 per FTCI's latest filing, from 93.5% in the prior quarter.
- Across five years, Net Margin topped out at 2.92% in Q4 2022 and bottomed at 154.69% in Q3 2022.
- Historically, Net Margin has averaged 68.05% across 5 years, with a median of 66.94% in 2024.
- The sharpest annual moves came in 2022 and 2023: Net Margin slumped 11145 bps in 2022, then soared 9924 bps in 2023.
- Over 5 years, Net Margin stood at 2.92% in 2022, then plunged by 230 bps to 3.78% in 2023, then plunged by 269 bps to 13.97% in 2024, then slumped by 360 bps to 64.2% in 2025, then sank by 62 bps to 103.7% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 103.7%, 93.5%, and 64.2% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.26 Bn | 20.53 Bn | 605.00 Mn | 40.01% |
| 2 | Nextpower | 12.25 Bn | 11.04 Bn | 335.85 Mn | 17.68% |
| 3 | Enphase Energy | 4.86 Bn | 3.93 Bn | 175.01 Mn | 12.36% |
| 4 | Solaredge Technologies | 2.25 Bn | 1.67 Bn | 95.15 Mn | -8.88% |
| 5 | T1 Energy | 1.29 Bn | 1.08 Bn | 49.10 Mn | -17.80% |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | 7.43% |
| 7 | Canadian Solar | 877.81 Mn | -588.69 Mn | 168.48 Mn | -6.36% |
| 8 | Array Technologies | 700.09 Mn | 392.79 Mn | 99.60 Mn | 2.47% |
| 9 | JinkoSolar Holding | 608.82 Mn | -2.07 Bn | 75.62 Mn | -5.64% |
| 10 | FTC Solar | 36.75 Mn | 25.68 Mn | -2.23 Mn | -103.70% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -103.70% |
| Mar 31, 2026 | -93.50% |
| Dec 31, 2025 | -64.20% |
| Sep 30, 2025 | -91.96% |
| Jun 30, 2025 | -77.18% |
| Mar 31, 2025 | -40.49% |
| Dec 31, 2024 | -13.97% |
| Sep 30, 2024 | -151.53% |
| Jun 30, 2024 | -107.10% |
| Mar 31, 2024 | -69.68% |
| Dec 31, 2023 | -3.78% |
| Sep 30, 2023 | -55.46% |
| Jun 30, 2023 | -32.18% |
| Mar 31, 2023 | -28.76% |
| Dec 31, 2022 | 2.92% |
| Sep 30, 2022 | -154.69% |
| Jun 30, 2022 | -83.60% |
| Mar 31, 2022 | -56.10% |
| Dec 31, 2021 | -1.34% |
| Sep 30, 2021 | -43.24% |