| Name | Market Cap | Current Price | P/E Ratio | Revenue Growth 1Y | Net Margin | ROE | FCF Yield | Debt/Equity |
|---|---|---|---|---|---|---|---|---|
| FTCIFTC Solar, Inc. | 173.68M | 11.63 | -3.04 | -62.71% | -69.25% | -119.27% | 0.56 | |
| ARRYArray Technologies, Inc. | 1.51B | 9.89 | -5.07 | -41.91% | -2.5% | -8.25% | 9.71% | 2.40 |
| Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Sales/Revenue | 53.12M | 187.35M | 270.52M | 123.07M | 127M | 47.35M |
| Revenue Growth % | - | 2.53% | 0.44% | -0.55% | 0.03% | -0.63% |
| Cost of Goods Sold | 55.08M | 183.71M | 303.07M | 150.29M | 118.69M | 59.95M |
| COGS % of Revenue | 1.04% | 0.98% | 1.12% | 1.22% | 0.93% | 1.27% |
| Gross Profit | -1.95M | 3.64M | -32.55M | -27.23M | 8.31M | -12.59M |
| Gross Margin % | -0.04% | 0.02% | -0.12% | -0.22% | 0.07% | -0.27% |
| Gross Profit Growth % | - | 2.87% | -9.94% | 0.16% | 1.31% | -2.52% |
| Operating Expenses | 10.42M | 20.57M | 94.26M | 72.34M | 59.08M | 40.24M |
| OpEx % of Revenue | 0.2% | 0.11% | 0.35% | 0.59% | 0.47% | 0.85% |
| Selling, General & Admin | 6.46M | 15.34M | 82.72M | 62.4M | 51.92M | 34.32M |
| SG&A % of Revenue | 0.12% | 0.08% | 0.31% | 0.51% | 0.41% | 0.72% |
| Research & Development | 3.96M | 5.22M | 11.54M | 9.95M | 7.17M | 5.92M |
| R&D % of Revenue | 0.07% | 0.03% | 0.04% | 0.08% | 0.06% | 0.12% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -12.37M | -16.93M | -126.8M | -99.57M | -50.78M | -52.83M |
| Operating Margin % | -0.23% | -0.09% | -0.47% | -0.81% | -0.4% | -1.12% |
| Operating Income Growth % | - | -0.37% | -6.49% | 0.21% | 0.49% | -0.04% |
| EBITDA | -11.96M | -16.88M | -126.57M | -98.67M | -49.4M | -51.16M |
| EBITDA Margin % | -0.23% | -0.09% | -0.47% | -0.8% | -0.39% | -1.08% |
| EBITDA Growth % | - | -0.41% | -6.5% | 0.22% | 0.5% | -0.04% |
| D&A (Non-Cash Add-back) | 412K | 47K | 232K | 900K | 1.38M | 1.67M |
| EBIT | -12.37M | -15.64M | -105.61M | -98.2M | -50.38M | -48.06M |
| Net Interest Income | -454K | -364K | -814K | -978K | -253K | -319K |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 454K | 364K | 814K | 978K | 253K | 319K |
| Other Income/Expense | -1.16M | 919K | 20.38M | 394K | 149K | 4.45M |
| Pretax Income | -13.53M | -16.01M | -106.42M | -99.18M | -50.63M | -48.38M |
| Pretax Margin % | -0.25% | -0.09% | -0.39% | -0.81% | -0.4% | -1.02% |
| Income Tax | -39K | -83K | 169K | 435K | -338K | 230K |
| Effective Tax Rate % | 1% | 0.99% | 1% | 1% | 0.99% | 1% |
| Net Income | -13.49M | -15.92M | -106.59M | -99.61M | -50.29M | -48.61M |
| Net Margin % | -0.25% | -0.08% | -0.39% | -0.81% | -0.4% | -1.03% |
| Net Income Growth % | - | -0.18% | -5.69% | 0.07% | 0.5% | 0.03% |
| Net Income (Continuing) | -13.49M | -15.92M | -106.59M | -99.61M | -50.29M | -48.61M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.16 | -0.20 | -1.24 | -0.98 | -0.44 | -3.83 |
| EPS Growth % | - | -0.25% | -5.2% | 0.21% | 0.55% | -7.7% |
| EPS (Basic) | -0.16 | -0.20 | -1.24 | -0.98 | -0.44 | -3.83 |
| Diluted Shares Outstanding | 8.22M | 8.51M | 8.6M | 10.14M | 11.55M | 12.68M |
| Basic Shares Outstanding | 8.22M | 8.51M | 8.6M | 10.14M | 11.55M | 12.68M |
| Dividend Payout Ratio | - | - | - | - | - | - |
| Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Total Current Assets | 30.64M | 64.72M | 235.78M | 118.69M | 108.51M | 76.13M |
| Cash & Short-Term Investments | 7.22M | 33.37M | 102.19M | 44.38M | 25.23M | 11.25M |
| Cash Only | 7.22M | 33.37M | 102.19M | 44.38M | 25.23M | 11.25M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 14.05M | 23.73M | 107.55M | 49.05M | 65.28M | 39.71M |
| Days Sales Outstanding | 96.52 | 46.24 | 145.11 | 145.48 | 187.61 | 306.07 |
| Inventory | 4.5M | 5.89M | 8.86M | 14.95M | 3.9M | 10.14M |
| Days Inventory Outstanding | 29.86 | 11.7 | 10.67 | 36.3 | 12.01 | 61.76 |
| Other Current Assets | 2.92M | 684K | 1.52M | 1.51M | 6.2M | 4.4M |
| Total Non-Current Assets | 3.19M | 6.67M | 7.24M | 15.71M | 14.56M | 13.8M |
| Property, Plant & Equipment | 43K | 571K | 3.31M | 2.86M | 3.64M | 3.37M |
| Fixed Asset Turnover | 1235.44x | 328.11x | 81.61x | 43.09x | 34.87x | 14.07x |
| Goodwill | 0 | 0 | 0 | 7.54M | 7.35M | 7.14M |
| Intangible Assets | 33K | 0 | 0 | 1.11M | 542K | 0 |
| Long-Term Investments | 2.58M | 1.86M | 0 | 0 | 240K | 954K |
| Other Non-Current Assets | 579K | 4.24M | 3.93M | 4.2M | 2.79M | 2.34M |
| Total Assets | 33.83M | 71.39M | 243.02M | 134.4M | 123.07M | 89.93M |
| Asset Turnover | 1.57x | 2.62x | 1.11x | 0.92x | 1.03x | 0.53x |
| Asset Growth % | - | 1.11% | 2.4% | -0.45% | -0.08% | -0.27% |
| Total Current Liabilities | 33.72M | 59.81M | 93.25M | 60.34M | 54.66M | 49.07M |
| Accounts Payable | 8.19M | 17.13M | 39.26M | 15.8M | 7.98M | 12.99M |
| Days Payables Outstanding | 54.28 | 34.03 | 47.29 | 38.37 | 24.54 | 79.12 |
| Short-Term Debt | 11K | 1.24M | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Current Liabilities | 5.47M | 15.59M | 5.01M | 12.69M | 38.39M | 30.02M |
| Current Ratio | 0.91x | 1.08x | 2.53x | 1.97x | 1.98x | 1.55x |
| Quick Ratio | 0.77x | 0.98x | 2.43x | 1.72x | 1.91x | 1.34x |
| Cash Conversion Cycle | 72.09 | 23.92 | 108.49 | 143.41 | 175.08 | 288.71 |
| Total Non-Current Liabilities | 8.55M | 4.13M | 6.91M | 7.61M | 5.93M | 21.82M |
| Long-Term Debt | 7.83M | 784K | 0 | 0 | 0 | 9.47M |
| Capital Lease Obligations | 27K | 355K | 1.34M | 786K | 1.12M | 411K |
| Deferred Tax Liabilities | 3K | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 688K | 2.99M | 5.57M | 6.82M | 4.81M | 11.94M |
| Total Liabilities | 42.27M | 63.94M | 100.15M | 67.95M | 60.6M | 70.89M |
| Total Debt | 7.83M | 2.38M | 1.79M | 1.2M | 1.86M | 10.63M |
| Net Debt | 612K | -30.99M | -100.39M | -43.18M | -23.37M | -615K |
| Debt / Equity | - | 0.32x | 0.01x | 0.02x | 0.03x | 0.56x |
| Debt / EBITDA | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - |
| Interest Coverage | -27.25x | -46.50x | -155.78x | -101.81x | -200.70x | -165.61x |
| Total Equity | -8.45M | 7.45M | 142.87M | 66.45M | 62.47M | 19.04M |
| Equity Growth % | - | 1.88% | 18.17% | -0.53% | -0.06% | -0.7% |
| Book Value per Share | -1.03 | 0.88 | 16.60 | 6.55 | 5.41 | 1.50 |
| Total Shareholders' Equity | -8.45M | 7.45M | 142.87M | 66.45M | 62.47M | 19.04M |
| Common Stock | 1K | 1K | 9K | 11K | 13K | 1K |
| Retained Earnings | -26.72M | -42.64M | -149.23M | -248.84M | -299.13M | -347.74M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | -3K | 7K | -61K | -293K | -542K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Cash from Operations | -254K | 629K | -132.85M | -54.51M | -52.66M | -34.7M |
| Operating CF Margin % | -0% | 0% | -0.49% | -0.44% | -0.41% | -0.73% |
| Operating CF Growth % | - | 3.48% | -212.21% | 0.59% | 0.03% | 0.34% |
| Net Income | -13.49M | -15.92M | -106.59M | -99.61M | -50.29M | -48.61M |
| Depreciation & Amortization | 412K | 47K | 232K | 900K | 1.38M | 1.67M |
| Stock-Based Compensation | 906K | 1.82M | 61.77M | 20.3M | 8.29M | 0 |
| Deferred Taxes | -3K | -3K | -12.68M | -135K | 138K | 83K |
| Other Non-Cash Items | 3.01M | 5.34M | -402K | 14.74M | 12.55M | 12.68M |
| Working Capital Changes | 8.91M | 9.35M | -75.18M | 9.29M | -24.73M | -530K |
| Change in Receivables | -13.84M | -9.71M | -83.72M | 57.34M | -23.6M | 23.5M |
| Change in Inventory | -4.5M | 2.82M | -7.26M | -7.9M | 10.34M | -6.42M |
| Change in Payables | 7.78M | 10.08M | 21.66M | -22.94M | -7.96M | 4.96M |
| Cash from Investing | -18K | 1.87M | 21.31M | -4.25M | -397K | 6.26M |
| Capital Expenditures | -18K | -256K | -1.02M | -985K | -816K | -1.65M |
| CapEx % of Revenue | 0% | 0% | 0% | 0.01% | 0.01% | 0.03% |
| Acquisitions | - | - | - | - | - | - |
| Investments | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 22.33M | 86K | 0 | 900K |
| Cash from Financing | 7M | 22.64M | 180.37M | 903K | 33.95M | 14.5M |
| Debt Issued (Net) | - | - | - | - | - | - |
| Equity Issued (Net) | - | - | - | - | - | - |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | - | - | - | - | - | - |
| Other Financing | 0 | -1.14M | -5.63M | 903K | -57K | 0 |
| Net Change in Cash | - | - | - | - | - | - |
| Free Cash Flow | -272K | 373K | -133.88M | -55.49M | -53.47M | -36.34M |
| FCF Margin % | -0.01% | 0% | -0.49% | -0.45% | -0.42% | -0.77% |
| FCF Growth % | - | 2.37% | -359.92% | 0.59% | 0.04% | 0.32% |
| FCF per Share | -0.03 | 0.04 | -15.56 | -5.47 | -4.63 | -2.87 |
| FCF Conversion (FCF/Net Income) | 0.02x | -0.04x | 1.25x | 0.55x | 1.05x | 0.71x |
| Interest Paid | 0 | 350K | 461K | 784K | 576K | 0 |
| Taxes Paid | 0 | 0 | 76K | 123K | 177K | 0 |
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | -213.72% | -141.82% | -95.18% | -78.02% | -119.27% |
| Return on Invested Capital (ROIC) | - | - | -1004.68% | -227.19% | -122.12% | -137.77% |
| Gross Margin | -3.67% | 1.94% | -12.03% | -22.12% | 6.54% | -26.59% |
| Net Margin | -25.4% | -8.5% | -39.4% | -80.94% | -39.6% | -102.64% |
| Debt / Equity | - | 0.32x | 0.01x | 0.02x | 0.03x | 0.56x |
| Interest Coverage | -27.25x | -46.50x | -155.78x | -101.81x | -200.70x | -165.61x |
| FCF Conversion | 0.02x | -0.04x | 1.25x | 0.55x | 1.05x | 0.71x |
| Revenue Growth | - | 252.67% | 44.39% | -54.51% | 3.2% | -62.71% |
| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Product | 227.4M | 63.76M | 101.87M | 37.52M |
| Product Growth | - | -71.96% | 59.77% | -63.17% |
| Service | 43.13M | 59.31M | 25.13M | 9.84M |
| Service Growth | - | 37.51% | -57.63% | -60.86% |
| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| UNITED STATES | - | 97.99M | 119.98M | 42.25M |
| UNITED STATES Growth | - | - | 22.44% | -64.78% |
| AUSTRALIA | - | 24.85M | 7M | 4.37M |
| AUSTRALIA Growth | - | - | -71.83% | -37.59% |
| All Other | - | 227K | 20K | 733K |
| All Other Growth | - | - | -91.19% | 3565.00% |
FTC Solar, Inc. (FTCI) reported $80.0M in revenue for fiscal year 2024. This represents a 51% increase from $53.1M in 2019.
FTC Solar, Inc. (FTCI) saw revenue decline by 62.7% over the past year.
FTC Solar, Inc. (FTCI) reported a net loss of $55.4M for fiscal year 2024.
FTC Solar, Inc. (FTCI) has a return on equity (ROE) of -119.3%. Negative ROE indicates the company is unprofitable.
FTC Solar, Inc. (FTCI) had negative free cash flow of $43.2M in fiscal year 2024, likely due to heavy capital investments.