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FTC Solar FTCI Debt-to-equity

Debt-to-equity at other companies

Array Technologies, Inc. logo
Array Technologies, Inc.ARRY
10.5×+7.4×
Nextpower Inc.
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Nextpower Inc. NXT
0.0×
Shoals Technologies Group, Inc. logo
Shoals Technologies Group, Inc.SHLS
0.1×-0.2×
SolarEdge Technologies logo
SolarEdge TechnologiesSEDG
0.1×-0.6×
Sunrun logo
SunrunRUN
0.0×
Stem logo
StemSTEM
0.0×

Other financials

Income statement

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Revenue$17.3M-17.0%
Gross profit-$1.2M+64.4%
Operating income-$12.1M-14.2%
Net income$32.6M+954%
EPS (diluted)-$0.72-24.1%

Balance sheet

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Cash & equivalents$5.6M-4.6%
Total debt$23.4M+110%
Total equity-$6.1M-140%
Total assets$97.8M+16.4%

Cash flow

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Operating cash flow-$12.8M-50.6%
CapEx$276.0K+233%
Free cash flow-$13.0M-52.3%

Valuation

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Market cap$81.31M+38.1%
Enterprise value$99.09M+47.5%
P/S0.9×-0.1×

Profitability

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Gross margin-12%-1.5pp
Operating margin-38.4%-14.1pp
Net margin-44.9%-13.5pp
FCF margin-40.6%-9.6pp

Returns & leverage

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Return on equity-175.8%-1,003pp
Current ratio1.3×-0.1×

Where this comes from

Calculated from FTC Solar’s reported figures.

Based on the most recent quarter.

The official record: FTC Solar’s 10-Q, filed August 5, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is FTC Solar's debt-to-equity?
FTC Solar (FTCI) reported debt-to-equity of 1.3× in Q2 2025.
How has FTC Solar's debt-to-equity changed year-over-year?
FTC Solar's debt-to-equity increased by 2845.3% year-over-year, from 0× to 1.3×.
What is the long-term trend for FTC Solar's debt-to-equity?
Over 4 years (2020 to 2024), FTC Solar's debt-to-equity has grown at a 15.1% compound annual growth rate (CAGR), from 0.3× to 0.6×.
What does debt-to-equity mean?
Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.