Last 25 quarters of trend data · Energy · Solar
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -1.70 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 0.23 | 0.38 | 0.78 | 0.83 | 1.26 | 1.01 | 0.74 | 0.50 | 1.33 | 2.14 | 0.97 | 1.34 | 0.93 | 1.25 | 2.80 | 1.47 | 2.65 | 4.56 | 2.96 | 2.47 | 1.78 |
| — | -61.9% | +5.0% | +64.7% | -5.8% | -52.8% | -23.8% | -62.6% | +42.8% | +70.5% | -65.2% | -8.5% | -64.8% | -72.5% | -5.2% | -40.5% | +48.8% | +31.2% | -43.8% | — | — | |
| P/B Ratio | — | — | — | — | — | — | 6.56 | 2.70 | 3.70 | 2.85 | 1.01 | 1.23 | 1.39 | 2.07 | 4.57 | 3.52 | 4.19 | 3.71 | 3.63 | 4.07 | 5.08 |
| — | — | — | — | — | — | +551.9% | +119.7% | +166.7% | +37.8% | -78.0% | -65.2% | -66.9% | -44.2% | +25.8% | -13.5% | -17.6% | -17.8% | -37.7% | — | — | |
| P/FCF | — | 2.40 | 2.56 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 5.49 | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBIT | — | 1.59 | — | 0.51 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 1.1% | 5.8% | -8.5% | -7.1% | 21.0% | 6.1% | -19.6% | -16.6% | -29.1% | -42.5% | -20.5% | -16.7% | 3.0% | 11.1% | 6.8% | 5.0% | -7.3% | -57.4% | -21.2% | -18.7% | -8.4% |
| — | -5.4% | +56.4% | +57.1% | +172.2% | +114.4% | +4.4% | +1.1% | -1074.4% | -484.1% | -401.4% | -436.5% | +140.9% | +119.3% | +132.1% | +126.6% | +13.4% | -278.5% | +33.9% | -10448.7% | +22.8% | |
| Operating Margin | -33.5% | -26.0% | -52.5% | -69.8% | -11.1% | -29.6% | -57.5% | -50.8% | -101.7% | -147.8% | -104.3% | -99.3% | -50.6% | -53.3% | -32.0% | -30.3% | -75.7% | -161.1% | -82.2% | -56.1% | -23.1% |
| — | +12.1% | +8.8% | -37.6% | +89.1% | +80.0% | +44.9% | +48.9% | -101.1% | -177.3% | -225.6% | -227.6% | +33.2% | +66.9% | +61.0% | +45.9% | -227.3% | -274.9% | +45.8% | -359.3% | +9.8% | |
| Net Margin | -77.2% | 20.4% | -103.7% | 188.8% | -102.7% | -92.0% | -77.2% | -18.4% | -92.7% | -151.5% | -107.1% | -69.7% | -48.2% | -55.4% | -32.2% | -28.8% | -78.2% | -154.7% | -83.6% | -56.1% | -23.5% |
| — | +122.2% | -34.4% | +1128.5% | -10.8% | +39.3% | +27.9% | +73.7% | -92.4% | -173.3% | -232.8% | -142.3% | +38.4% | +64.2% | +61.5% | +48.7% | -233.0% | -257.7% | +25.0% | -395.2% | -6.6% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | -125.6% | -22.1% | -49.5% | -41.1% | -24.6% | -14.9% | -16.4% | -22.1% | -14.1% | -17.5% | -27.7% | -28.2% | -23.3% | -21.1% | -15.6% |
| — | — | — | — | — | — | -409.9% | -48.2% | -202.3% | -86.4% | -74.6% | +14.6% | +40.9% | +21.9% | +39.5% | +17.4% | -77.6% | -112.1% | +62.1% | +88.7% | +88.1% | |
| ROA | -76.3% | 6.2% | -27.7% | 31.1% | -30.2% | -24.6% | -18.5% | -4.4% | -13.5% | -16.0% | -11.4% | -7.4% | -8.6% | -12.4% | -7.5% | -8.6% | -14.5% | -15.4% | -12.9% | -12.2% | -10.0% |
| — | +125.1% | -49.9% | +808.4% | -124.2% | -53.9% | -62.6% | +40.4% | -56.3% | -29.2% | -50.9% | +14.4% | +40.5% | +19.4% | +41.8% | +29.7% | -45.2% | -59.5% | +63.7% | -18.2% | +26.7% | |
| ROIC | — | -179.4% | — | -77.7% | — | — | -45.3% | -40.4% | -47.6% | -37.9% | -22.9% | -22.9% | -21.0% | -26.4% | -20.2% | -35.4% | -52.8% | -58.3% | -35.1% | -36.3% | -54.2% |
| — | — | — | -92.2% | — | — | -98.0% | -76.6% | -126.3% | -43.4% | -13.4% | +35.4% | +60.2% | +54.7% | +42.5% | +2.3% | +2.5% | +8.1% | +91.9% | — | — |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | — | 1.31 | 0.72 | 0.56 | 0.06 | 0.04 | 0.03 | 0.03 | 0.03 | 0.03 | 0.04 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 |
| — | — | — | — | — | — | +2845.7% | +2260.2% | +1771.8% | +108.3% | +53.5% | -15.9% | +64.8% | +57.3% | +88.2% | +164.7% | +44.3% | — | — | — | -96.1% | |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Current Ratio | 1.30 | 0.86 | 0.91 | 1.32 | 1.30 | 1.66 | 1.16 | 1.40 | 1.55 | 1.33 | 1.64 | 1.84 | 1.98 | 2.18 | 2.35 | 1.92 | 1.97 | 2.16 | 2.15 | 2.42 | 2.53 |
| — | -48.3% | -21.2% | -5.4% | -16.5% | +25.0% | -29.4% | -24.0% | -21.8% | -38.9% | -30.2% | -4.2% | +0.9% | +1.0% | +9.6% | -20.7% | -22.2% | -37.5% | -49.5% | +160.1% | +133.6% | |
| Quick Ratio | 1.17 | 0.79 | 0.80 | 1.17 | 1.17 | 1.53 | 1.04 | 1.26 | 1.34 | 1.07 | 1.31 | 1.77 | 1.91 | 2.00 | 2.14 | 1.78 | 1.72 | 1.77 | 1.89 | 2.19 | 2.43 |
| — | -48.2% | -22.6% | -7.1% | -13.2% | +43.6% | -20.7% | -28.6% | -29.7% | -46.6% | -38.9% | -0.8% | +11.3% | +12.6% | +13.4% | -18.5% | -29.3% | -45.9% | -54.0% | +152.2% | +147.4% | |
| Interest Coverage | -9.11 | 2.61 | -1.13 | 9.42 | -7.13 | -11.02 | -20.05 | -6.01 | -58.15 | -1079.64 | -104.07 | -63.57 | -197.14 | -154.29 | -375.29 | -199.53 | -210.26 | -98.57 | -58.94 | -92.96 | -78.77 |
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Includes 30+ ratios · 25 years · Updated daily
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Quick answers to the most common questions about buying FTCI stock.
FTC Solar, Inc.'s current P/E is -1.7x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
FTC Solar, Inc.'s current operating margin is -33.5%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking FTC Solar, Inc.'s business trajectory between earnings reports.