FTC Solar (FTCI) Net Margin (2020 - 2026)
FTC Solar posted quarterly Net Margin of 93.5% for Q1 2026, down 5301.0% year-on-year from 1.8% in Q1 2025, and up 22.44% on a QoQ basis from 120.55% in Q4 2025.
FTC Solar (FTCI) has 7 years of Net Margin data on file, last reported at 93.5% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin fell 5301.0% year-over-year to 93.5%; the trailing twelve-month figure through Mar 2026 stood at 98.27% (down 1143.0% YoY), and the FY2025 full-year result was 79.61%, up 2304.0% from the prior year.
- Net Margin for Q1 2026 stood at 93.5%, up from 120.55% in the prior quarter.
- Across five years, Net Margin topped out at 28.76% in Q1 2023 and bottomed at 154.7% in Q3 2022.
- The 5-year median for Net Margin is 78.19% (2022), against an average of 81.3%.
- The widest annual swing landed in 2022, when Net Margin tumbled 11146 bps; it then jumped 9926 bps in 2023.
- A 5-year view of Net Margin shows it stood at 78.19% in 2022, then surged by 38 bps to 48.51% in 2023, then plunged by 91 bps to 92.68% in 2024, then slumped by 30 bps to 120.55% in 2025, then climbed by 22 bps to 93.5% in 2026.
- The last three Net Margin figures came in at 93.5% (Q1 2026), 120.55% (Q4 2025), and 91.96% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 26.65 Bn | 24.22 Bn | 486.13 Mn | 33.19% |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | 17.10% |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | -7.09% |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | -2.63% |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | -18.48% |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | -41.17% |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | -0.21% |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | -6.06% |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn | -3.78% |
| 10 | FTC Solar | 73.33 Mn | 67.69 Mn | -1.23 Mn | -93.50% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -93.50% |
| Dec 31, 2025 | -120.55% |
| Sep 30, 2025 | -91.96% |
| Jun 30, 2025 | -77.18% |
| Mar 31, 2025 | -40.49% |
| Dec 31, 2024 | -92.68% |
| Sep 30, 2024 | -151.53% |
| Jun 30, 2024 | -107.10% |
| Mar 31, 2024 | -69.68% |
| Dec 31, 2023 | -48.51% |
| Sep 30, 2023 | -55.44% |
| Jun 30, 2023 | -32.18% |
| Mar 31, 2023 | -28.76% |
| Dec 31, 2022 | -78.19% |
| Sep 30, 2022 | -154.70% |
| Jun 30, 2022 | -83.60% |
| Mar 31, 2022 | -56.10% |
| Dec 31, 2021 | -23.48% |
| Sep 30, 2021 | -43.24% |
| Jun 30, 2021 | -104.47% |
| Mar 31, 2021 | -11.33% |
| Dec 31, 2020 | -22.80% |
| Sep 30, 2020 | -4.45% |
| Jun 30, 2020 | -12.00% |
| Mar 31, 2020 | 9.09% |