FTC Solar (FTCI) Operating Margin (2020 - 2026)
FTC Solar's (FTCI) quarterly Operating Margin came in at 52.48% in Q2 2026, up 504.0% on a YoY basis from 8.69% in Q2 2025, and up 24.86% quarter-over-quarter from 69.84% in Q1 2026.
Powered by 
Analysis
FTC Solar (FTCI) Operating Margin (2020 - 2026) Analysis & Trends
FTC Solar (FTCI) has reported Operating Margin for 7 consecutive years, with 52.48% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Margin rose 504.0% year-over-year to 52.48%; the trailing twelve-month figure through Jun 2026 stood at 39.36% (up 3932.0% YoY), and the FY2025 full-year result was 35.53%, up 7603.0% from the prior year.
- Operating Margin advanced to 52.48% in Q2 2026 per FTCI's latest filing, from 69.84% in the prior quarter.
- Across five years, Operating Margin topped out at 18.86% in Q4 2025 and bottomed at 161.08% in Q3 2022.
- Historically, Operating Margin has averaged 70.75% across 5 years, with a median of 56.79% in 2022.
- The sharpest annual moves came in 2022 and 2025: Operating Margin plunged 11811 bps in 2022, then soared 11815 bps in 2025.
- Over 5 years, Operating Margin stood at 75.75% in 2022, then soared by 33 bps to 50.58% in 2023, then sank by 101 bps to 101.71% in 2024, then surged by 81 bps to 18.86% in 2025, then plunged by 178 bps to 52.48% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 52.48%, 69.84%, and 18.86% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.26 Bn | 20.53 Bn | 605.00 Mn | 42.64% |
| 2 | Nextpower | 12.25 Bn | 11.04 Bn | 335.85 Mn | 20.41% |
| 3 | Enphase Energy | 4.86 Bn | 3.93 Bn | 175.01 Mn | 17.65% |
| 4 | Solaredge Technologies | 2.25 Bn | 1.67 Bn | 95.15 Mn | -4.63% |
| 5 | T1 Energy | 1.29 Bn | 1.08 Bn | 49.10 Mn | -9.11% |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | 11.46% |
| 7 | Canadian Solar | 877.81 Mn | -588.69 Mn | 168.48 Mn | -5.88% |
| 8 | Array Technologies | 700.09 Mn | 392.79 Mn | 99.60 Mn | 10.16% |
| 9 | JinkoSolar Holding | 608.82 Mn | -2.07 Bn | 75.62 Mn | -11.62% |
| 10 | FTC Solar | 36.75 Mn | 25.68 Mn | -2.23 Mn | -52.48% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -52.48% |
| Mar 31, 2026 | -69.84% |
| Dec 31, 2025 | -18.86% |
| Sep 30, 2025 | -29.60% |
| Jun 30, 2025 | -57.52% |
| Mar 31, 2025 | -50.76% |
| Dec 31, 2024 | -101.71% |
| Sep 30, 2024 | -147.75% |
| Jun 30, 2024 | -104.32% |
| Mar 31, 2024 | -99.32% |
| Dec 31, 2023 | -50.58% |
| 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% |