What is FTC Solar's inventory turnover?

FTC Solar (FTCI) reported inventory turnover of 11.7× in Q1 2026.

How has FTC Solar's inventory turnover changed year-over-year?

FTC Solar's inventory turnover decreased by 10.4% year-over-year, from 13× to 11.7×.

What is the long-term trend for FTC Solar's inventory turnover?

Over 5 years (2020 to 2025), FTC Solar's inventory turnover has grown at a -40.0% compound annual growth rate (CAGR), from 130.7× to 10.2×.

What does inventory turnover mean?

Trailing-twelve-month cost of revenue divided by average inventory. Measures how many times inventory is sold and replaced over the year.

FTC Solar FTCI Inventory turnover

Inventory turnover at other companies

Array Technologies, Inc.ARRY

5.2×+1.1×

Nextpower Inc. NXT

10.2×+0.7×

Shoals Technologies Group, Inc.SHLS

3.2×-1.0×

SolarEdge TechnologiesSEDG

1.7×+0.1×

StemSTEM

12.7×+5.0×

First SolarFSLR

12.8×+3.9×

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+35.9%

Enterprise value$99.09M+45.6%

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

Debt / equity1.3×+1.3×

Current ratio1.3×-0.1×

Where this comes from

Calculated from FTC Solar’s reported figures.

total cost of revenue/inventories=11.7×

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 inventory turnover?: FTC Solar (FTCI) reported inventory turnover of 11.7× in Q1 2026.
How has FTC Solar's inventory turnover changed year-over-year?: FTC Solar's inventory turnover decreased by 10.4% year-over-year, from 13× to 11.7×.
What is the long-term trend for FTC Solar's inventory turnover?: Over 5 years (2020 to 2025), FTC Solar's inventory turnover has grown at a -40.0% compound annual growth rate (CAGR), from 130.7× to 10.2×.
What does inventory turnover mean?: Trailing-twelve-month cost of revenue divided by average inventory. Measures how many times inventory is sold and replaced over the year.