FTC Solar (FTCI) Net Margin (2020 - 2026)
FTC Solar (FTCI) posted Net Margin of 93.5% for Q1 2026, down 45.61% on a QoQ basis from 64.21% in Q4 2025, and down 5301.0% year-over-year from 1.8% in Q1 2025.
FTC Solar (FTCI) Net Margin (2020 - 2026) Analysis & Trends
FTC Solar's Net Margin history runs 7 years deep, the most recent figure standing at 93.5% for Q1 2026.
- Quarterly Net Margin fell 5301.0% year-over-year to 93.5% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 80.16% (up 669.0% YoY) and the FY2025 annual result came in at 62.65%, up 3999.0% from the prior year.
- Net Margin was 93.5% for Q1 2026 at FTC Solar, down from 64.21% 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.
- A 5-year average of 77.97% and a median of 77.18% in 2025 frame the typical range for Net Margin.
- Annual changes were most pronounced in 2022 — Net Margin plunged 11146 bps — and 2023, when it jumped 9926 bps.
- FTC Solar's Net Margin stood at 78.17% in 2022, then jumped by 38 bps to 48.17% in 2023, then sank by 92 bps to 92.68% in 2024, then soared by 31 bps to 64.21% in 2025, then slumped by 46 bps to 93.5% in 2026.
- Business Quant data shows FTCI's Net Margin at 93.5% in Q1 2026, 64.21% in Q4 2025, and 91.96% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.08 Bn | 19.65 Bn | 486.13 Mn | 33.19% |
| 2 | Nextpower | 15.32 Bn | 14.23 Bn | 297.38 Mn | 17.10% |
| 3 | Enphase Energy | 4.98 Bn | 4.05 Bn | 100.39 Mn | -2.62% |
| 4 | JinkoSolar Holding | 3.20 Bn | -107.75 Mn | 147.66 Mn | 129.61% |
| 5 | Solaredge Technologies | 2.60 Bn | 2.04 Bn | 68.28 Mn | -18.48% |
| 6 | Sunrun | 2.35 Bn | 687.09 Mn | 407.49 Mn | -41.17% |
| 7 | Shoals Technologies | 1.55 Bn | 1.55 Bn | 41.01 Mn | -0.21% |
| 8 | Canadian Solar | 925.64 Mn | 166.07 Mn | 124.40 Mn | 7.09% |
| 9 | Array Technologies | 843.55 Mn | 642.85 Mn | 63.00 Mn | -6.06% |
| 10 | FTC Solar | 48.88 Mn | 43.25 Mn | -1.23 Mn | -93.50% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -93.50% |
| Dec 31, 2025 | -64.21% |
| 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 | -48.17% |
| Sep 30, 2023 | -55.44% |
| Jun 30, 2023 | -32.18% |
| Mar 31, 2023 | -28.76% |
| Dec 31, 2022 | -78.17% |
| Sep 30, 2022 | -154.70% |
| Jun 30, 2022 | -83.60% |
| Mar 31, 2022 | -56.09% |
| Dec 31, 2021 | -23.48% |
| Sep 30, 2021 | -43.24% |
| Jun 30, 2021 | -104.48% |