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FTC Solar FTCI Free cash flow margin

Free cash flow margin at other companies

Array Technologies, Inc. logo
Array Technologies, Inc.ARRY
4.8%-3.3pp
Nextpower Inc.
 logo
Nextpower Inc. NXT
14.4%-6.6pp
Shoals Technologies Group, Inc. logo
Shoals Technologies Group, Inc.SHLS
3%-17.7pp
SolarEdge Technologies logo
SolarEdge TechnologiesSEDG
8.4%+4.9pp
Sunrun logo
SunrunRUN
-33.7%+3.3pp
Stem logo
StemSTEM
-6.5%-2.6pp

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

Returns & leverage

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Return on equity-175.8%-1,003pp
Debt / equity1.3×+1.3×
Current ratio1.3×-0.1×

Where this comes from

Calculated from FTC Solar’s reported figures.

Based on trailing twelve months.

The official record: FTC Solar’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is FTC Solar's free cash flow margin?
FTC Solar (FTCI) reported free cash flow margin of -40.6% in Q1 2026.
How has FTC Solar's free cash flow margin changed year-over-year?
FTC Solar's free cash flow margin increased by 30.8% year-over-year, from -58.7% to -40.6%.
What is the long-term trend for FTC Solar's free cash flow margin?
Over 4 years (2020 to 2025), FTC Solar's free cash flow margin has grown at a 263.3% compound annual growth rate (CAGR), from 0.2% to -34.7%.
What does free cash flow margin mean?
Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.