FTC SOLAR INC (FTCI) Stock Fundamental Analysis

USA - Nasdaq - NASDAQ:FTCI - US30320C3016 - Common Stock

11.41 USD

-0.09 (-0.78%)

Last: 1/23/2026, 8:00:00 PM

Fundamental Rating

Overall FTCI gets a fundamental rating of 2 out of 10. We evaluated FTCI against 91 industry peers in the Electrical Equipment industry. Both the profitability and financial health of FTCI have multiple concerns. FTCI is quite expensive at the moment. It does show a decent growth rate.

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1. Profitability

1.1 Basic Checks

FTCI had negative earnings in the past year.
In the past year FTCI has reported a negative cash flow from operations.
In the past 5 years FTCI always reported negative net income.
FTCI had negative operating cash flow in 4 of the past 5 years.

1.2 Ratios

FTCI's Return On Assets of -49.69% is on the low side compared to the rest of the industry. FTCI is outperformed by 70.33% of its industry peers.

		Industry Rank	Sector Rank
ROA	-49.69%
ROE	N/A
ROIC	N/A

ROA(3y)-56.34%

ROA(5y)-47.03%

ROE(3y)-161.87%

ROE(5y)-154.44%

ROIC(3y)N/A

ROIC(5y)N/A

1.3 Margins

FTCI does not have Profit Margin and Operating Margin and Gross Margin available, so we won't be analyzing them here.

		Industry Rank	Sector Rank
OM	N/A
PM (TTM)	N/A
GM	N/A

OM growth 3YN/A

OM growth 5YN/A

PM growth 3YN/A

PM growth 5YN/A

GM growth 3YN/A

GM growth 5YN/A

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

FTCI does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, FTCI has more shares outstanding
The number of shares outstanding for FTCI has been increased compared to 5 years ago.
FTCI has a worse debt/assets ratio than last year.

2.2 Solvency

Based on the Altman-Z score of -4.23, we must say that FTCI is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of FTCI (-4.23) is worse than 74.73% of its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	N/A
Debt/FCF	N/A
Altman-Z	-4.23

ROIC/WACCN/A

WACC8.76%

2.3 Liquidity

A Current Ratio of 1.66 indicates that FTCI should not have too much problems paying its short term obligations.
FTCI has a Current ratio (1.66) which is comparable to the rest of the industry.
A Quick Ratio of 1.53 indicates that FTCI should not have too much problems paying its short term obligations.
FTCI has a Quick ratio of 1.53. This is in the better half of the industry: FTCI outperforms 64.84% of its industry peers.

		Industry Rank	Sector Rank
Current Ratio	1.66
Quick Ratio	1.53

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WACC

Debt/Equity

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Altman-Z score

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3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 20.56% over the past year.
The Revenue has grown by 39.53% in the past year. This is a very strong growth!
The Revenue has been decreasing by -2.26% on average over the past years.

EPS 1Y (TTM)20.56%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%64%

Revenue 1Y (TTM)39.53%

Revenue growth 3Y-44.06%

Revenue growth 5Y-2.26%

Sales Q2Q%156.81%

3.2 Future

The Earnings Per Share is expected to grow by 17.81% on average over the next years. This is quite good.
The Revenue is expected to grow by 56.96% on average over the next years. This is a very strong growth

EPS Next Y19.6%

EPS Next 2Y40.97%

EPS Next 3Y30.1%

EPS Next 5Y17.81%

Revenue Next Year117.35%

Revenue Next 2Y101.24%

Revenue Next 3Y76.75%

Revenue Next 5Y56.96%

3.3 Evolution

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.

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4. Valuation

4.1 Price/Earnings Ratio

FTCI reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for FTCI. No positive earnings are expected for the next year.