Market cap
$42 Mln
Revenue (TTM)
$102 Mln
P/E Ratio
--
P/B Ratio
12.2
Div. Yield
0 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 51.50 | 30.83 | 59.53 | -4.11 | -14.17 |
| EBIT | -113.29 | 66.75 | 57.72 | 19.64 | 11.79 |
| Net Profit | -183.21 | -75.79 | -11.43 | 7.32 | 5.58 |
| EPS | -178.49 | -43.47 | 6.40 | 14.01 | 10.60 |
| Book Value | -- | -- | -- | -- | -- |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Dec-25 | Dec-24 |
| EBIT-Margin
| -70.07 | -65.81 | -19.07 | -69.06 | -101.48 |
| Net Margin
| -- | -36.54 | -51.02 | -- | -- |
| Return on equity
| 175.38 | 57.83 | -- | 723.42 | -119.27 |
| Return on Capital
| -280.47 | -214.65 | -- | -661.80 | -103.41 |
| Return on Assets
| -53.65 | -56.31 | -31.36 | -76.26 | -45.64 |
| Debt to Equity (x)
| -- | -- | 0.00 | -0.84 | 0.56 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
FTC Solar (FTCI)
|
--
|
-661.80
|
-103.41
|
-76.20
|
-93.84
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
ROE
--
--
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
FTC Solar (FTCI)
|
--
|
723.42
|
-119.27
|
-78.02
|
-95.18
|
|
Peer Median
|
14.56
|
--
|
--
|
--
|
--
|
ROA
-31.36
Lower than Peers by 36.80
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
FTC Solar (FTCI)
|
-31.36
|
-76.26
|
-45.64
|
-39.07
|
-52.79
|
|
Peer Median
|
5.44
|
--
|
--
|
--
|
--
|
EBIT Margin
-19.07
Lower than Peers by 31.16
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
FTC Solar (FTCI)
|
-19.07
|
-69.06
|
-101.48
|
-39.66
|
-79.79
|
|
Peer Median
|
12.10
|
--
|
--
|
--
|
--
|
Net Margin
-51.02
Lower than Peers by 59.60
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
FTC Solar (FTCI)
|
-51.02
|
-77.16
|
-102.64
|
-39.60
|
-80.94
|
|
Peer Median
|
8.59
|
--
|
--
|
--
|
--
|
Cash Profit Margin
0.00
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
FTC Solar (FTCI)
|
0.00
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
59.53
Higher than Peers by 55.83
Year on year growth in net sales
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
FTC Solar (FTCI)
|
59.53
|
1.11
|
-0.63
|
0.03
|
-0.55
|
|
Peer Median
|
3.70
|
--
|
--
|
--
|
--
|
EBIT Growth
57.72
Higher than Peers by 53.72
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
FTC Solar (FTCI)
|
57.72
|
-43.24
|
4.60
|
48.70
|
7.01
|
|
Peer Median
|
4.00
|
--
|
--
|
--
|
--
|
Net Profit Growth
-11.43
Lower than Peers by 18.99
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
FTC Solar (FTCI)
|
-11.43
|
-58.25
|
3.35
|
49.51
|
6.54
|
|
Peer Median
|
7.56
|
--
|
--
|
--
|
--
|
EPS Growth
6.40
Lower than Peers by 3.74
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
FTC Solar (FTCI)
|
6.40
|
-0.34
|
0.05
|
0.58
|
0.14
|
|
Peer Median
|
10.14
|
--
|
--
|
--
|
--
|
Book Value Growth
-373.92
Lower than Peers by 383.34
Year on year growth in book value per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
FTC Solar (FTCI)
|
-373.92
|
--
|
--
|
--
|
--
|
|
Peer Median
|
9.42
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
--
--
Total debt / Net worth
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
FTC Solar (FTCI)
|
--
|
-0.84
|
0.56
|
0.03
|
0.02
|
|
Peer Median
|
0.46
|
--
|
--
|
--
|
--
|
Short term debt to equity ratio
-0.76
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
FTC Solar (FTCI)
|
-0.76
|
-0.83
|
0.04
|
0.01
|
0.01
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
0.91
Lower than Peers by 1.14
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
FTC Solar (FTCI)
|
0.91
|
1.30
|
1.55
|
1.98
|
1.97
|
|
Peer Median
|
2.05
|
--
|
--
|
--
|
--
|
Quick Ratio
0.80
Lower than Peers by 0.49
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
FTC Solar (FTCI)
|
0.80
|
1.17
|
1.34
|
1.91
|
1.72
|
|
Peer Median
|
1.29
|
--
|
--
|
--
|
--
|
Interest Coverage
-2.59
Lower than Peers by 11.23
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
FTC Solar (FTCI)
|
-2.59
|
-9.11
|
-150.65
|
-199.11
|
-100.41
|
|
Peer Median
|
8.64
|
--
|
--
|
--
|
--
|
Operating Efficiency
Debtors to sales
47.57
Higher than Peers by 30.10
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
FTC Solar (FTCI)
|
47.57
|
55.92
|
83.85
|
51.40
|
39.86
|
|
Peer Median
|
17.47
|
--
|
--
|
--
|
--
|
Asset Turnover
0.61
Lower than Peers by 0.02
Sales / Average Total Assets
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
FTC Solar (FTCI)
|
0.61
|
0.99
|
0.44
|
0.99
|
0.65
|
|
Peer Median
|
0.63
|
--
|
--
|
--
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
FTC Solar (FTCI)
|
--
|
174.87
|
404.89
|
164.40
|
232.39
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
FTC Solar (FTCI)
|
--
|
36.63
|
42.80
|
29.01
|
28.93
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
FTC Solar (FTCI)
|
--
|
48.63
|
63.89
|
36.59
|
66.91
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
FTC Solar (FTCI)
|
--
|
162.88
|
383.79
|
156.83
|
194.41
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
--
--
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
FTC Solar (FTCI)
|
--
|
-2.15
|
-1.45
|
-0.17
|
-0.28
|
|
Peer Median
|
39.93
|
--
|
--
|
--
|
--
|
Price / Book Value
12.19
Higher than Peers by 7.58
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
FTC Solar (FTCI)
|
12.19
|
-4.10
|
3.70
|
0.14
|
0.42
|
|
Peer Median
|
4.61
|
--
|
--
|
--
|
--
|
Dividend Yield
--
--
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
FTC Solar (FTCI)
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
0.47
|
--
|
--
|
--
|
--
|
EV/EBITDA
-0.70
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
FTC Solar (FTCI)
|
-0.70
|
-2.63
|
-1.51
|
0.30
|
0.16
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Market Cap
42
Lower than Peers by 1,178
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
FTC Solar (FTCI)
|
42
|
--
|
--
|
--
|
--
|
|
Peer Median
|
1,220
|
--
|
--
|
--
|
--
|