FTC Solar (FTCI) Tax Rate (2020 - 2026)
FTC Solar's (FTCI) quarterly Tax Rate came in at 0.61% in Q1 2026, up 762.0% YoY from 0.07% in Q1 2025, and down 98.7% on a QoQ basis from 46.79% in Q4 2025.
FTC Solar (FTCI) Tax Rate (2020 - 2026) Analysis & Trends
FTC Solar (FTCI) has 7 years of Tax Rate data on file, last reported at 0.61% in Q1 2026.
- Quarterly Tax Rate rose 762.0% year-over-year to 0.61% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 39.01% (up 4016.0% YoY) and the FY2025 annual result came in at 21.0%, up 2148.0% from the prior year.
- Tax Rate declined to 0.61% in Q1 2026, from 46.79% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 46.79% in Q4 2025 to a low of 7.01% in Q1 2025.
- A 5-year average of 2.34% and a median of 0.25% in 2025 frame the typical range for Tax Rate.
- The widest YoY moves for Tax Rate: up 4623 bps in 2025, down 714 bps in 2025.
- Tracing FTCI's Tax Rate over 5 years: stood at 2.07% in 2022, then surged by 312 bps to 4.39% in 2023, then slumped by 87 bps to 0.55% in 2024, then soared by 8365 bps to 46.79% in 2025, then slumped by 99 bps to 0.61% in 2026.
- The last three Tax Rate figures came in at 0.61% (Q1 2026), 46.79% (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 | 23.03 Bn | 21.30 Bn | 605.00 Mn | 8.01% |
| 2 | Nextpower | 13.03 Bn | 11.82 Bn | 335.85 Mn | 16.88% |
| 3 | Enphase Energy | 5.10 Bn | 4.16 Bn | 175.01 Mn | 41.71% |
| 4 | Sunrun | 2.19 Bn | 2.19 Bn | 527.54 Mn | 1.87% |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | -8.19% |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | 21.67% |
| 7 | Canadian Solar | 985.60 Mn | -602.69 Mn | 124.40 Mn | -3.52% |
| 8 | JinkoSolar Holding | 833.21 Mn | -2.48 Bn | 147.66 Mn | -31.47% |
| 9 | Array Technologies | 727.02 Mn | 419.71 Mn | 99.60 Mn | 23.33% |
| 10 | FTC Solar | 34.18 Mn | 23.11 Mn | -2.23 Mn | -0.82% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -0.82% |
| Jun 30, 2026 | -0.82% |
| Jun 30, 2026 | -0.82% |
| Mar 31, 2026 | 0.61% |
| Mar 31, 2026 | 0.61% |
| Mar 31, 2026 | 0.61% |
| Dec 31, 2025 | 46.79% |
| Dec 31, 2025 | 46.79% |
| Dec 31, 2025 | 46.79% |
| Sep 30, 2025 | -0.18% |
| Sep 30, 2025 | -0.18% |
| Sep 30, 2025 | -0.18% |
| Jun 30, 2025 | -0.25% |
| Jun 30, 2025 | -0.25% |
| Jun 30, 2025 | -0.25% |
| Mar 31, 2025 | -7.01% |
| Mar 31, 2025 | -7.01% |
| Mar 31, 2025 | -7.01% |
| Dec 31, 2024 | 0.55% |
| Dec 31, 2024 | 0.55% |