What are FTC Solar's profit margins?

FTC Solar (FTCI) runs a -12.0% gross margin and a -38.4% operating margin, with a -44.9% net margin.

Where do FTC Solar's ratios come from?

Every ratio is computed from FTC Solar's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

FTC Solar FTCI Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Operating margin	-38.4%-2.9pp	-35.5%+18.4pp	-54%+24.7pp	-78.7%+12.9pp	-91.6%+20.0pp
Net margin	-44.9%+34.9pp	-79.8%-10.6pp	-69.3%+3.8pp	-73%+5.5pp	-78.6%+24.1pp
EBITDA margin	-37%-2.8pp	-34.3%+18.0pp	-52.3%+24.1pp	-76.4%+12.4pp	-88.7%+19.3pp
Free cash flow margin	-40.6%-5.9pp	-34.7%+19.3pp	-54%-6.2pp	-47.8%+10.9pp	-58.7%+18.0pp
Returns
Return on assets	-47.5%+31.4pp	-78.9%-24.3pp	-54.5%-3.4pp	-51.1%-7.3pp	-43.9%+1.8pp
Return on invested capital	-228%—	——	——	-191.2%-31.1pp	-160.2%+23.5pp
Efficiency
Asset turnover	1.1×+0.1×	1×+0.2×	0.8×+0.1×	0.7×+0.1×	0.6×+0.1×
Inventory turnover	11.7×+1.5×	10.2×+2.3×	7.9×+1.3×	6.5×-6.5×	13×+4.5×
Liquidity
Current ratio	1.3×-0.1×	1.4×-0.2×	1.7×+0.5×	1.2×-0.2×	1.4×-0.2×
Quick ratio	1.2×-0.1×	1.3×-0.2×	1.5×+0.5×	1×-0.2×	1.3×-0.1×
Cash ratio	0.1×-0.2×	0.3×-0.1×	0.4×+0.4×	0.1×-0.1×	0.1×-0.1×
Leverage
Debt-to-assets	0.2×0.0×	0.2×+0.1×	0.2×0.0×	0.1×0.0×	0.1×0.0×
Interest coverage	-3.2×+1.1×	-4.3×+7.5×	-11.8×+18.3×	-30.2×+17.9×	-48.1×+31.4×
Per Share
Book value per share	-$0.27+91.0%	-$3.07-233%	-$0.92-234%	$0.69-35.1%	$1.06-29.1%
Valuation
Market capitalization	$81.31M+35.9%	$163M+55.4%	$104.87M+76.5%	$59.4M+61.0%	$36.89M-47.6%
Enterprise value	$99.09M+45.6%	$165.45M+68.6%	$98.15M+45.0%	$67.71M+60.8%	$42.12M-39.7%
Price / sales	0.9×-0.1×	1.6×+0.3×	1.3×+0.4×	0.9×+0.3×	0.7×-0.8×
EV / sales	1×0.0×	1.7×+0.4×	1.2×+0.2×	1.1×+0.3×	0.8×-0.7×
Free cash flow yield	-48.8%+3.2pp	-21.2%+20.0pp	-41.2%+10.4pp	-51.6%+36.9pp	-88.4%-36.8pp
Earnings yield	-53.9%+25.6pp	-48.8%+4.0pp	-52.8%+26.0pp	-78.9%+39.5pp	-118.3%-49.3pp

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Questions, answered.

What are FTC Solar's profit margins?: FTC Solar (FTCI) runs a -12.0% gross margin and a -38.4% operating margin, with a -44.9% net margin.
Where do FTC Solar's ratios come from?: Every ratio is computed from FTC Solar's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.