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
Download Data| Date | Value |
|---|---|
| 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 |