FTC Solar, Inc. (FTCI) Financial Ratios
7 years of historical data (2019–2025) · Energy · Solar
EV/EBITDA
N/A
—
5yr avg: N/A
P/FCF
N/A
—
5yr avg: N/A
P/B Ratio
↓
N/A
—
5yr avg: 3.40
30Y Low1.3·High4.6
ROE
↑
N/A
—
5yr avg: -108.6%
30Y Low-214%·High-78%
Debt/EBITDA
N/A
—
5yr avg: N/A
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
FTCI Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
FTC Solar, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $84M | $153M | $70M | $80M | $272M | $650M | — | — |
| Enterprise Value | $97M | $166M | $69M | $57M | $229M | $550M | — | — |
| P/E Ratio → | -0.95 | — | — | — | — | — | — | — |
| P/S Ratio | 0.84 | 1.53 | 1.47 | 0.63 | 2.21 | 2.40 | — | — |
| P/B Ratio | — | — | 3.67 | 1.28 | 4.09 | 4.55 | — | — |
| P/FCF | — | — | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
FTCI EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.66 | 1.46 | 0.45 | 1.86 | 2.03 | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — |
FTCI Profitability
Margins and return-on-capital ratios measuring operating efficiency
FTC Solar, Inc. earns an operating margin of -33.5%, below the Energy sector average of 13.8%. Operating margins have expanded from -40.0% to -33.5% over the past 3 years, signaling improving operational efficiency.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 1.1% | 1.1% | -26.6% | 6.5% | -22.1% | -12.0% | 1.9% | -3.7% |
| Operating Margin | -33.5% | -33.5% | -111.6% | -40.0% | -80.9% | -46.9% | -9.0% | -23.3% |
| Net Profit Margin | -77.2% | -77.2% | -102.6% | -39.6% | -80.9% | -39.4% | -8.5% | -25.4% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | — | — | -119.3% | -78.0% | -95.2% | -141.8% | -213.7% | — |
| ROA | -76.3% | -76.3% | -45.6% | -39.1% | -52.8% | -67.8% | -30.3% | -39.9% |
| ROIC | — | — | -137.8% | -122.1% | -227.2% | -1004.7% | — | — |
| ROCE | -86.6% | -86.6% | -96.7% | -71.3% | -89.0% | -157.2% | -289.6% | -11670.8% |
FTCI Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Net debt stands at $13M ($34M total debt minus $21M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | 0.56 | 0.03 | 0.02 | 0.01 | 0.32 | — |
| Debt / EBITDA | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | — | -0.03 | -0.37 | -0.65 | -0.70 | -4.16 | — |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | -83.09 | — |
| Interest Coverage | -4.42 | -4.42 | -150.65 | -199.11 | -100.41 | -129.74 | -42.98 | -27.25 |
FTCI Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.30x means FTC Solar, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 1.98x to 1.30x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.30 | 1.30 | 1.55 | 1.98 | 1.97 | 2.53 | 1.08 | 0.91 |
| Quick Ratio | 1.17 | 1.17 | 1.34 | 1.91 | 1.72 | 2.43 | 0.98 | 0.77 |
| Cash Ratio | 0.28 | 0.28 | 0.23 | 0.46 | 0.74 | 1.10 | 0.56 | 0.21 |
| Asset Turnover | — | 0.89 | 0.53 | 1.03 | 0.92 | 1.11 | 2.62 | 1.57 |
| Inventory Turnover | 10.24 | 10.24 | 5.91 | 30.40 | 10.05 | 34.21 | 31.19 | 12.23 |
| Days Sales Outstanding | — | 204.10 | 306.07 | 187.61 | 145.48 | 145.11 | 46.24 | 96.52 |
FTCI Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
FTC Solar, Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 8.3% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 8.3% | — | — |
| Shares Outstanding | — | $14M | $13M | $12M | $10M | $9M | $9M | $8M |
Peer Comparison
Compare FTCI with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 FTCIYou | $84M | -1.0 | — | — | 1.1% | -33.5% | — | — | — |
 ARRY | $1B | -11.7 | 13.9 | 16.5 | 21.2% | 6.6% | -19.0% | 9.0% | 5.8 |
 SHLS | $2B | 54.7 | 30.8 | — | 35.0% | 11.9% | 5.8% | 5.9% | 2.7 |
 NXT | $19B | 33.6 | 25.1 | 37.9 | 32.6% | 19.6% | 29.6% | 49.0% | — |
 FSLR | $28B | 18.5 | 11.7 | 23.8 | 40.6% | 32.3% | 17.4% | 17.6% | 0.2 |
 ENPH | $7B | 40.6 | 31.3 | 72.0 | 46.6% | 11.2% | 17.9% | 6.8% | 5.1 |
 SEDG | $4B | -8.3 | — | 43.3 | 15.3% | -24.1% | -74.7% | -29.5% | — |
 CSIQ | $1B | -10.3 | 11.5 | — | 18.3% | 0.8% | -2.5% | 0.4% | 12.8 |
 SPWR | $114M | -10.4 | — | — | 48.5% | -2.0% | — | -5.3% | — |
 GNRC | $17B | 109.9 | 37.9 | 64.7 | 38.3% | 6.9% | 6.2% | 5.9% | 2.8 |
 PWR | $111B | 108.8 | 45.0 | 68.5 | 13.0% | 5.8% | 12.6% | 11.8% | 0.5 |
| Energy Median | — | 15.6 | 7.9 | 13.9 | 33.7% | 13.8% | 7.2% | 6.2% | 2.6 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 7 years · Updated daily
Consensus-Based Analysis Tools
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Check Valuation
Historical Returns
10-year return with dividends reinvested.
Calculate
DCA Calculator
See how regular investing compounds over time.
Run Numbers
Peer Comparison
Compare growth, multiples, and margins vs sector.
Compare
FTCI — Frequently Asked Questions
Quick answers to the most common questions about buying FTCI stock.
What is FTC Solar, Inc.'s P/E ratio?
FTC Solar, Inc.'s current P/E ratio is -1.0x. This places it at the 50th percentile of its historical range.
Is FTCI stock overvalued?
Based on historical data, FTC Solar, Inc. is trading at a P/E of -1.0x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are FTC Solar, Inc.'s profit margins?
FTC Solar, Inc. has 1.1% gross margin and -33.5% operating margin.