What is FTC Solar's price / book?

FTC Solar (FTCI) reported price / book of 6.6× in Q2 2025.

How has FTC Solar's price / book changed year-over-year?

FTC Solar's price / book increased by 553.6% year-over-year, from 1× to 6.6×.

What is the long-term trend for FTC Solar's price / book?

Over 3 years (2021 to 2024), FTC Solar's price / book has grown at a -6.3% compound annual growth rate (CAGR), from 4.5× to 3.7×.

What does price / book mean?

Market capitalization at the quarter end divided by shareholders' equity. The premium (or discount) the market assigns to the company's book equity.

FTC Solar FTCI Price / book

Price / book at other companies

Array Technologies, Inc.ARRY

15.5×+0.9×

Nextpower Inc. NXT

7.7×+3.9×

Shoals Technologies Group, Inc.SHLS

1.8×+0.8×

SolarEdge TechnologiesSEDG

7.5×+5.9×

SunrunRUN

1×+0.4×

StemSTEM

0.9×-0.8×

Other financials

Income statement

See full

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

See full

Cash & equivalents$5.6M-4.6%

Total debt$23.4M+110%

Total equity-$6.1M-140%

Total assets$97.8M+16.4%

Cash flow

See full

Operating cash flow-$12.8M-50.6%

CapEx$276.0K+233%

Free cash flow-$13.0M-52.3%

Valuation

See full

Market cap$81.31M+35.9%

Enterprise value$99.09M+45.6%

P/S0.9×-0.1×

Profitability

See full

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

See full

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.

market cap/total stockholders equity=6.6×

Based on the most recent quarter.

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

Ask your AI about FTC Solar's price / book.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is FTC Solar's price / book?: FTC Solar (FTCI) reported price / book of 6.6× in Q2 2025.
How has FTC Solar's price / book changed year-over-year?: FTC Solar's price / book increased by 553.6% year-over-year, from 1× to 6.6×.
What is the long-term trend for FTC Solar's price / book?: Over 3 years (2021 to 2024), FTC Solar's price / book has grown at a -6.3% compound annual growth rate (CAGR), from 4.5× to 3.7×.
What does price / book mean?: Market capitalization at the quarter end divided by shareholders' equity. The premium (or discount) the market assigns to the company's book equity.