FTC Solar (FTCI) Operating Margin (2020 - 2026)
FTC Solar posted quarterly Operating Margin of 69.84% for Q1 2026, down 1908.0% year-on-year from 3.86% in Q1 2025, and down 259.18% on a QoQ basis from 43.88% in Q4 2025.
FTC Solar (FTCI) has 7 years of Operating Margin data on file, last reported at 69.84% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin fell 1908.0% year-over-year to 69.84%; the trailing twelve-month figure through Mar 2026 stood at 19.4% (down 461.0% YoY), and the FY2025 full-year result was 16.65%, up 480.0% from the prior year.
- Operating Margin for Q1 2026 stood at 69.84%, down from 43.88% in the prior quarter.
- Across five years, Operating Margin topped out at 221.5% in Q4 2024 and bottomed at 161.08% in Q3 2022.
- The 5-year median for Operating Margin is 56.06% (2022), against an average of 38.94%.
- The widest annual swing landed in 2023, when Operating Margin jumped 19819 bps; it then tumbled 17763 bps in 2025.
- A 5-year view of Operating Margin shows it stood at 75.75% in 2022, then jumped by 262 bps to 122.45% in 2023, then soared by 81 bps to 221.5% in 2024, then tumbled by 80 bps to 43.88% in 2025, then sank by 259 bps to 69.84% in 2026.
- The last three Operating Margin figures came in at 69.84% (Q1 2026), 43.88% (Q4 2025), and 29.6% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 26.65 Bn | 24.22 Bn | 486.13 Mn | 33.07% |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | 17.44% |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | -5.26% |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | -10.48% |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | -17.73% |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | -6.02% |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | 5.49% |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | 3.18% |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn | -4.80% |
| 10 | FTC Solar | 73.33 Mn | 67.69 Mn | -1.23 Mn | -69.84% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -69.84% |
| Dec 31, 2025 | 43.88% |
| Sep 30, 2025 | -29.60% |
| Jun 30, 2025 | -57.52% |
| Mar 31, 2025 | -50.76% |
| Dec 31, 2024 | 221.50% |
| Sep 30, 2024 | -147.75% |
| Jun 30, 2024 | -104.32% |
| Mar 31, 2024 | -99.32% |
| Dec 31, 2023 | 122.45% |
| Sep 30, 2023 | -53.28% |
| Jun 30, 2023 | -32.04% |
| Mar 31, 2023 | -30.31% |
| Dec 31, 2022 | -75.75% |
| Sep 30, 2022 | -161.08% |
| Jun 30, 2022 | -82.16% |
| Mar 31, 2022 | -56.06% |
| Dec 31, 2021 | -23.14% |
| Sep 30, 2021 | -42.97% |
| Jun 30, 2021 | -144.63% |
| Mar 31, 2021 | -12.20% |
| Dec 31, 2020 | 5.04% |
| Sep 30, 2020 | -4.23% |
| Jun 30, 2020 | -11.65% |
| Mar 31, 2020 | 8.94% |