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FTC Solar FTCI Operating margin

Operating margin at other companies

Array Technologies, Inc. logo
Array Technologies, Inc.ARRY
-4.1%-1.8pp
Nextpower Inc.
 logo
Nextpower Inc. NXT
19.6%-2.0pp
Shoals Technologies Group, Inc. logo
Shoals Technologies Group, Inc.SHLS
11.2%-0.1pp
SolarEdge Technologies logo
SolarEdge TechnologiesSEDG
-19.9%-9.4pp
Sunrun logo
SunrunRUN
-150.2%-204pp
Stem logo
StemSTEM
-31.9%-15.5pp

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
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.

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 operating margin?
FTC Solar (FTCI) reported operating margin of -38.4% in Q1 2026.
How has FTC Solar's operating margin changed year-over-year?
FTC Solar's operating margin increased by 58.1% year-over-year, from -91.6% to -38.4%.
What is the long-term trend for FTC Solar's operating margin?
Over 5 years (2020 to 2025), FTC Solar's operating margin has grown at a 31.5% compound annual growth rate (CAGR), from -9% to -35.5%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.