FTC Solar reported a gross margin of -8.54% and a net margin of -103.70% for the quarter ended Jun 2026. These financial ratios cover 26 quarters of results from Mar 2020 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Ratios | Mar2020 | Jun2020 | Sep2020 | Dec2020 | Mar2021 | Jun2021 | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 | Jun2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||||||||||||||||||
| Gross Margin | -15.17% | -8.43% | -18.74% | -21.20% | -57.42% | -7.30% | 4.98% | 6.80% | 11.06% | 2.98% | -16.75% | -20.50% | -42.48% | -29.06% | -16.57% | -19.60% | 6.12% | 16.31% | -7.11% | -8.54% | ||||||
| EBT Margin | -43.17% | -23.45% | -55.93% | -83.31% | -155.61% | -76.59% | -28.44% | -32.56% | -54.90% | -50.39% | -69.77% | -106.53% | -149.12% | -93.19% | -17.14% | -76.98% | -91.79% | -120.67% | 189.94% | -102.87% | ||||||
| EBIT Margin | -42.97% | -23.14% | -56.06% | -82.16% | -161.08% | -75.75% | -30.31% | -32.04% | -53.28% | -50.58% | -99.32% | -104.32% | -147.75% | -101.71% | -50.76% | -57.52% | -29.60% | -18.86% | -69.84% | -52.48% | ||||||
| EBITDA Margin | -42.97% | -23.14% | -56.06% | -82.16% | -161.08% | -75.75% | -30.31% | -32.04% | -53.28% | -50.58% | -99.32% | -104.32% | -147.75% | -101.71% | -50.76% | -57.52% | -29.60% | -18.86% | -69.84% | -52.48% | ||||||
| Operating Margin | -42.97% | -23.14% | -56.06% | -82.16% | -161.08% | -75.75% | -30.31% | -32.04% | -53.28% | -50.58% | -99.32% | -104.32% | -147.75% | -101.71% | -50.76% | -57.52% | -29.60% | -18.86% | -69.84% | -52.48% | ||||||
| Net Margin | -43.24% | -1.34% | -56.10% | -83.60% | -154.69% | 2.92% | -28.76% | -32.18% | -55.46% | -3.78% | -69.68% | -107.10% | -151.53% | -13.97% | -40.49% | -77.18% | -91.96% | -64.20% | -93.50% | -103.70% | ||||||
| FCF Margin | -16.24% | -40.00% | -108.23% | 53.87% | -77.35% | -21.34% | -20.40% | -70.03% | -51.85% | -28.57% | -97.63% | -39.17% | -25.62% | -128.62% | -41.18% | -12.41% | -57.93% | -27.88% | -75.74% | 30.51% | ||||||
| Efficiency | ||||||||||||||||||||||||||
| Inventory AverageInventory Avg. | 9.54M | 10.07M | 8.89M | 11.30M | 15.49M | 16.13M | 11.78M | 7.33M | 5.35M | 4.28M | 3.87M | 10.45M | 16.09M | 12.63M | 8.49M | 7.07M | 7.49M | 8.64M | 9.53M | 9.71M | ||||||
| Assets AverageAssets Avg. | 238.05M | 239.22M | 227.21M | 198.45M | 166.99M | 141.44M | 136.72M | 138.24M | 136.85M | 129.66M | 119.05M | 107.69M | 96.02M | 90.81M | 86.99M | 83.51M | 97.24M | 111.67M | 104.83M | 97.95M | ||||||
| Invested CapitalInvested Cap. | 163.36M | 142.87M | 62.47M | 28.50M | 25.70M | 19.94M | 2.92M | -7.67M | 26.16M | 14.94M | ||||||||||||||||
| Asset Utilization RatioAsset Util. | 0.89 | 1.13 | 1.12 | 1.18 | 1.19 | 0.87 | 0.84 | 0.84 | 0.95 | 0.98 | 0.83 | 0.72 | 0.60 | 0.52 | 0.64 | 0.77 | 0.82 | 0.87 | 0.89 | 1.02 | ||||||
| Leverage & Solvency | ||||||||||||||||||||||||||
| Interest Coverage RatioInterest Cover | -0.00M | -0.00M | -39.44 | -101.91 | -0.00M | -53.29 | -14.85 | -15.73 | -3.88 | -1.19 | -3.09 | -3.17 | ||||||||||||||
| Debt Ratio | 0.11 | 0.12 | 0.13 | 0.15 | 0.32 | 0.33 | 0.46 | |||||||||||||||||||
| Times Interest Earned | -0.00M | -0.00M | -39.44 | -101.91 | -0.00M | -53.29 | -14.85 | -15.73 | -3.88 | -1.19 | -3.09 | -3.17 | ||||||||||||||
| Valuation | ||||||||||||||||||||||||||
| Price to EarningsP/E | -28.88 | -514.10 | -17.69 | -14.34 | -11.90 | 367.48 | -21.10 | -36.52 | -9.44 | -98.98 | -7.74 | -3.66 | -5.66 | -38.41 | -4.45 | -4.37 | -4.40 | -8.80 | -3.70 | -3.08 | ||||||
| Price to SalesP/S | 12.49 | 6.88 | 9.92 | 11.99 | 18.41 | 10.74 | 6.07 | 11.75 | 5.24 | 3.75 | 5.39 | 3.92 | 8.58 | 5.36 | 1.80 | 3.37 | 4.05 | 5.65 | 3.46 | 3.20 | ||||||
| Price to BookP/B | 4.05 | 4.90 | 4.09 | 3.68 | 3.74 | 4.24 | 3.64 | 4.79 | 2.16 | 1.39 | 1.23 | 1.01 | 2.86 | 3.72 | 2.42 | 7.45 | -7.67 | -3.95 | -9.72 | -2.75 | ||||||
| Enterprise Value | 521.05M | 598.02M | 442.26M | 302.20M | 255.19M | 237.10M | 206.63M | 346.52M | 128.42M | 61.67M | 51.95M | 34.05M | 78.67M | 59.58M | 31.60M | 63.85M | 80.94M | 148.41M | 54.15M | 72.52M | ||||||
| EV to EBIT | -22.88 | -25.40 | -15.92 | -11.97 | -9.56 | -11.94 | -16.67 | -33.43 | -7.89 | -5.26 | -4.16 | -2.86 | -5.25 | -4.44 | -2.99 | -5.55 | -10.51 | -26.23 | -4.49 | -5.28 | ||||||
| EV to EBITDA | -22.88 | -25.40 | -15.92 | -11.97 | -9.56 | -11.94 | -16.67 | -33.43 | -7.89 | -5.26 | -4.16 | -2.86 | -5.25 | -4.44 | -2.99 | -5.55 | -10.51 | -26.23 | -4.49 | -5.28 | ||||||
| Market Capitalization | 661.71M | 700.20M | 491.64M | 368.23M | 305.01M | 281.49M | 248.12M | 380.34M | 159.94M | 86.91M | 67.89M | 44.83M | 86.93M | 70.82M | 37.51M | 67.37M | 105.31M | 169.51M | 59.79M | 83.60M | ||||||
| Price to FCFP/FCF | -76.91 | -17.21 | -9.17 | 22.25 | -23.80 | -50.30 | -29.74 | -16.78 | -10.10 | -13.11 | -5.52 | -10.01 | -33.47 | -4.17 | -4.38 | -27.14 | -6.98 | -20.27 | -4.57 | 10.47 | ||||||
| EV to FCF | -60.56 | -14.70 | -8.25 | 18.26 | -19.91 | -42.37 | -24.76 | -15.29 | -8.11 | -9.30 | -4.23 | -7.61 | -30.29 | -3.51 | -3.69 | -25.73 | -5.37 | -17.74 | -4.14 | 9.09 | ||||||
| EV to CFO | -64.18 | -14.79 | -8.33 | 18.09 | -20.11 | -43.71 | -24.85 | -15.41 | -8.25 | -9.83 | -4.38 | -9.01 | -33.15 | -3.57 | -3.72 | -27.80 | -5.53 | -18.49 | -4.23 | 8.74 | ||||||
| Return Ratios | ||||||||||||||||||||||||||
| Return on Sales [ROS]ROS | -42.97% | -23.14% | -56.06% | -82.16% | -161.08% | -75.75% | -30.31% | -32.04% | -53.28% | -50.58% | -99.32% | -104.32% | -147.75% | -101.71% | -50.76% | -57.52% | -29.60% | -18.86% | -69.84% | -52.48% | ||||||
| Return on Capital Employed [ROCE]ROCE | -66.77% | -86.87% | -102.67% | -83.08% | -97.86% | -122.78% | -114.27% | -79.39% | -72.49% | -67.70% | -78.86% | -93.02% | -132.22% | -126.58% | -140.98% | -220.60% | -110.45% | -81.54% | -89.21% | -582.14% | ||||||
| Return on Invested Capital [ROIC]ROIC | -64.37% | -65.43% | -144.75% | -173.85% | -308.63% | 1,176.01% | -243.61% | -132.61% | ||||||||||||||||||
| Return on Assets [ROA]ROA | -37.60% | -35.14% | -45.96% | -39.18% | -48.19% | -55.39% | -45.58% | -34.03% | -28.02% | -30.84% | -31.08% | -36.06% | -38.80% | -42.09% | -38.24% | -43.65% | -46.31% | -55.92% | -24.84% | -38.52% |