FTC Solar (FTCI) Net Margin (2020 - 2026)
FTC Solar (FTCI) reported Net Margin of 93.5% for Q1 2026, down 5301.0% on a YoY basis from 1.8% in Q1 2025, and up 22.44% quarter-over-quarter from 120.55% in Q4 2025.
FTC Solar (FTCI) Net Margin (2020 - 2026) Analysis & Trends
FTC Solar has reported Net Margin for 7 years, with the latest figure 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.
- The five-year high for Net Margin was 28.76% in Q1 2023, with the low at 154.7% in Q3 2022.
- Historically, Net Margin has averaged 81.3% across 5 years, with a median of 78.19% in 2022.
- Annual changes were most pronounced in 2022 — Net Margin sank 11146 bps — and 2023, when it jumped 9926 bps.
- FTC Solar's Net Margin stood at 78.19% in 2022, then jumped by 38 bps to 48.51% in 2023, then sank by 91 bps to 92.68% in 2024, then tumbled by 30 bps to 120.55% in 2025, then advanced 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.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 28.68 Bn | 26.25 Bn | 486.13 Mn | 33.19% |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | 17.10% |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | -2.63% |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | -18.48% |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | -41.17% |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | -0.21% |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | -6.06% |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn | -3.78% |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn | -6.95% |
| 10 | FTC Solar | 68.50 Mn | 62.86 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% |