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FTC SOLAR INC (FTCI) Stock Fundamental Analysis

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

9.99 USD
+0.67 (+7.19%)
Last: 12/11/2025, 8:00:01 PM
10 USD
+0.01 (+0.1%)
After Hours: 12/11/2025, 8:00:01 PM
Fundamental Rating

2

Taking everything into account, FTCI scores 2 out of 10 in our fundamental rating. FTCI was compared to 90 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.


Dividend Valuation Growth Profitability Health

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0

1. Profitability

1.1 Basic Checks

In the past year FTCI has reported negative net income.
In the past year FTCI has reported a negative cash flow from operations.
FTCI had negative earnings in each of the past 5 years.
In the past 5 years FTCI reported 4 times negative operating cash flow.
FTCI Yearly Net Income VS EBIT VS OCF VS FCFFTCI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2019 2020 2021 2022 2023 2024 0 -20M -40M -60M -80M -100M

1.2 Ratios

With a Return On Assets value of -49.69%, FTCI is not doing good in the industry: 75.56% of the companies in the same industry are doing better.
Industry RankSector 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
FTCI Yearly ROA, ROE, ROICFTCI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2019 2020 2021 2022 2023 2024 0 -2K -4K -6K -8K

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 RankSector 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
FTCI Yearly Profit, Operating, Gross MarginsFTCI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2019 2020 2021 2022 2023 2024 0 -20 -40 -60 -80 -100

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2

2. Health

2.1 Basic Checks

FTCI does not have a ROIC to compare to the WACC, probably because it is not profitable.
FTCI has more shares outstanding than it did 1 year ago.
FTCI has more shares outstanding than it did 5 years ago.
The debt/assets ratio for FTCI is higher compared to a year ago.
FTCI Yearly Shares OutstandingFTCI Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 2024 2M 4M 6M 8M 10M
FTCI Yearly Total Debt VS Total AssetsFTCI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M

2.2 Solvency

FTCI has an Altman-Z score of -4.34. This is a bad value and indicates that FTCI is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of -4.34, FTCI is not doing good in the industry: 80.00% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF N/A
Altman-Z -4.34
ROIC/WACCN/A
WACC8.61%
FTCI Yearly LT Debt VS Equity VS FCFFTCI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2019 2020 2021 2022 2023 2024 0 50M -50M 100M -100M

2.3 Liquidity

A Current Ratio of 1.66 indicates that FTCI should not have too much problems paying its short term obligations.
With a Current ratio value of 1.66, FTCI perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
FTCI has a Quick Ratio of 1.53. This is a normal value and indicates that FTCI is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.53, FTCI is in the better half of the industry, outperforming 63.33% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.66
Quick Ratio 1.53
FTCI Yearly Current Assets VS Current LiabilitesFTCI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M

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5

3. Growth

3.1 Past

FTCI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 20.56%, which is quite impressive.
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

FTCI is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 17.81% yearly.
The Revenue is expected to grow by 56.96% on average over the next years. This is a very strong growth
EPS Next Y31.79%
EPS Next 2Y41.44%
EPS Next 3Y33.35%
EPS Next 5Y17.81%
Revenue Next Year105.49%
Revenue Next 2Y128.29%
Revenue Next 3Y90.2%
Revenue Next 5Y56.96%

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
FTCI Yearly Revenue VS EstimatesFTCI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 100M 200M 300M 400M 500M
FTCI Yearly EPS VS EstimatesFTCI Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 -2 -4 -6

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1

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for FTCI. In the last year negative earnings were reported.
A Price/Forward Earnings ratio of 4897.06 indicates a quite expensive valuation of FTCI.
Compared to the rest of the industry, the Price/Forward Earnings ratio of FTCI is on the same level as its industry peers.
When comparing the Price/Forward Earnings ratio of FTCI to the average of the S&P500 Index (23.96), we can say FTCI is valued expensively.
Industry RankSector Rank
PE N/A
Fwd PE 4897.06
FTCI Price Earnings VS Forward Price EarningsFTCI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 1K 2K 3K 4K

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
FTCI Per share dataFTCI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 -2 4

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
FTCI's earnings are expected to grow with 33.35% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y41.44%
EPS Next 3Y33.35%

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0

5. Dividend

5.1 Amount

FTCI does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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FTC SOLAR INC

NASDAQ:FTCI (12/11/2025, 8:00:01 PM)

After market: 10 +0.01 (+0.1%)

9.99

+0.67 (+7.19%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)11-12 2025-11-12/bmo
Earnings (Next)03-30 2026-03-30/amc
Inst Owners4.97%
Inst Owner Change-19.28%
Ins Owners14.17%
Ins Owner Change-0.1%
Market Cap149.25M
Revenue(TTM)80.03M
Net Income(TTM)-55.42M
Analysts80
Price Target10.84 (8.51%)
Short Float %10.38%
Short Ratio5.24
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)9.65%
Min EPS beat(2)-17.65%
Max EPS beat(2)36.94%
EPS beat(4)2
Avg EPS beat(4)5.15%
Min EPS beat(4)-17.65%
Max EPS beat(4)36.94%
EPS beat(8)2
Avg EPS beat(8)-0.6%
EPS beat(12)4
Avg EPS beat(12)-2.39%
EPS beat(16)5
Avg EPS beat(16)-7.94%
Revenue beat(2)1
Avg Revenue beat(2)6.81%
Min Revenue beat(2)-7.22%
Max Revenue beat(2)20.85%
Revenue beat(4)3
Avg Revenue beat(4)8.36%
Min Revenue beat(4)-7.22%
Max Revenue beat(4)20.85%
Revenue beat(8)4
Avg Revenue beat(8)1.81%
Revenue beat(12)7
Avg Revenue beat(12)-0.68%
Revenue beat(16)8
Avg Revenue beat(16)-0.27%
PT rev (1m)77.08%
PT rev (3m)88.89%
EPS NQ rev (1m)18.5%
EPS NQ rev (3m)8%
EPS NY rev (1m)6.2%
EPS NY rev (3m)-0.99%
Revenue NQ rev (1m)9.3%
Revenue NQ rev (3m)9.3%
Revenue NY rev (1m)4.48%
Revenue NY rev (3m)6.13%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 4897.06
P/S 1.86
P/FCF N/A
P/OCF N/A
P/B N/A
P/tB N/A
EV/EBITDA N/A
EPS(TTM)-2.86
EYN/A
EPS(NY)0
Fwd EY0.02%
FCF(TTM)-2.89
FCFYN/A
OCF(TTM)-2.82
OCFYN/A
SpS5.36
BVpS-0.92
TBVpS-1.41
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -49.69%
ROE N/A
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM N/A
FCFM 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
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/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
F-Score5
Asset Turnover0.72
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 80.88%
Cap/Sales 1.35%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.66
Quick Ratio 1.53
Altman-Z -4.34
F-Score5
WACC8.61%
ROIC/WACCN/A
Cap/Depr(3y)89.26%
Cap/Depr(5y)247.12%
Cap/Sales(3y)1.64%
Cap/Sales(5y)1.09%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)20.56%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%64%
EPS Next Y31.79%
EPS Next 2Y41.44%
EPS Next 3Y33.35%
EPS Next 5Y17.81%
Revenue 1Y (TTM)39.53%
Revenue growth 3Y-44.06%
Revenue growth 5Y-2.26%
Sales Q2Q%156.81%
Revenue Next Year105.49%
Revenue Next 2Y128.29%
Revenue Next 3Y90.2%
Revenue Next 5Y56.96%
EBIT growth 1Y15.54%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year31.52%
EBIT Next 3Y33.68%
EBIT Next 5Y21.56%
FCF growth 1Y17.64%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y18.71%
OCF growth 3YN/A
OCF growth 5YN/A

FTC SOLAR INC / FTCI FAQ

What is the ChartMill fundamental rating of FTC SOLAR INC (FTCI) stock?

ChartMill assigns a fundamental rating of 2 / 10 to FTCI.


What is the valuation status of FTC SOLAR INC (FTCI) stock?

ChartMill assigns a valuation rating of 1 / 10 to FTC SOLAR INC (FTCI). This can be considered as Overvalued.


Can you provide the profitability details for FTC SOLAR INC?

FTC SOLAR INC (FTCI) has a profitability rating of 0 / 10.


What is the expected EPS growth for FTC SOLAR INC (FTCI) stock?

The Earnings per Share (EPS) of FTC SOLAR INC (FTCI) is expected to grow by 31.79% in the next year.