Growth Metrics

FTC Solar (FTCI) Tax Rate (2020 - 2026)

FTC Solar posted quarterly Tax Rate of 0.61% for Q1 2026, up 773.0% year-on-year from 0.07% in Q1 2025, and up 513.29% on a QoQ basis from 0.1% in Q4 2025.

FTC Solar (FTCI) has 7 years of Tax Rate data on file, last reported at 0.61% in Q1 2026.

  • For the quarter ending Q1 2026, Tax Rate rose 773.0% year-over-year to 0.61%; the trailing twelve-month figure through Mar 2026 stood at 0.58% (up 56.0% YoY), and the FY2025 full-year result was 0.38%, up 9.0% from the prior year.
  • Tax Rate for Q1 2026 stood at 0.61%, up from 0.1% in the prior quarter.
  • Across five years, Tax Rate topped out at 3.72% in Q4 2023 and bottomed at 7.12% in Q1 2025.
  • The 5-year median for Tax Rate is 0.26% (2025), against an average of 0.45%.
  • The widest annual swing landed in 2025, when Tax Rate sank 725 bps; it then surged 773 bps in 2026.
  • A 5-year view of Tax Rate shows it stood at 2.09% in 2022, then surged by 278 bps to 3.72% in 2023, then plunged by 85 bps to 0.55% in 2024, then sank by 82 bps to 0.1% in 2025, then surged by 513 bps to 0.61% in 2026.
  • The last three Tax Rate figures came in at 0.61% (Q1 2026), 0.1% (Q4 2025), and 0.18% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 First Solar 26.65 Bn 24.22 Bn 486.13 Mn 2.18
2 Nextpower 17.99 Bn 16.90 Bn 297.38 Mn 5.66
3 Canadian Solar 15.11 Bn 15.69 Bn 124.40 Mn -62.89
4 Enphase Energy 8.19 Bn 7.26 Bn 100.39 Mn 46.43
5 Solaredge Technologies 3.80 Bn 3.25 Bn 68.28 Mn -2.29
6 Sunrun 3.38 Bn 4.27 Bn 543.70 Mn -2.43
7 Shoals Technologies 1.60 Bn 1.60 Bn 41.01 Mn 23.06
8 Array Technologies 1.25 Bn 1.05 Bn 63.00 Mn 50.91
9 JinkoSolar Holding 677.44 Mn 2.29 Bn 147.66 Mn -31.47
10 FTC Solar 73.33 Mn 67.69 Mn -1.23 Mn 0.61

Historic Data

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DateValue
Mar 31, 2026 0.61
Mar 31, 2026 0.61
Dec 31, 2025 0.10
Dec 31, 2025 0.10
Sep 30, 2025 -0.18
Sep 30, 2025 -0.18
Jun 30, 2025 -0.26
Jun 30, 2025 -0.26
Mar 31, 2025 -7.12
Mar 31, 2025 -7.12
Dec 31, 2024 0.55
Dec 31, 2024 0.55
Sep 30, 2024 -1.59
Sep 30, 2024 -1.59
Jun 30, 2024 -0.53
Jun 30, 2024 -0.53
Mar 31, 2024 0.13
Mar 31, 2024 0.13
Dec 31, 2023 3.72
Dec 31, 2023 3.72
Sep 30, 2023 -0.99
Sep 30, 2023 -0.99
Jun 30, 2023 1.16
Jun 30, 2023 1.16
Mar 31, 2023 -1.13
Mar 31, 2023 -1.13
Dec 31, 2022 -2.09
Dec 31, 2022 -2.09
Sep 30, 2022 0.58
Sep 30, 2022 0.58
Jun 30, 2022 -0.35
Jun 30, 2022 -0.35
Mar 31, 2022 -0.29
Mar 31, 2022 -0.29
Dec 31, 2021 -0.13
Dec 31, 2021 -0.13
Sep 30, 2021 -0.18
Sep 30, 2021 -0.18
Jun 30, 2021 -0.22
Jun 30, 2021 -0.22
Mar 31, 2021 0.25
Mar 31, 2021 0.25
Dec 31, 2020 -0.32
Dec 31, 2020 -0.32
Sep 30, 2020 -0.91
Sep 30, 2020 -0.91
Jun 30, 2020 -0.31
Jun 30, 2020 -0.31
Mar 31, 2020 -5.68
Mar 31, 2020 -5.68