FTC Solar, Inc.
How the company evolved, year by year. Revenue and debt come from the annual reports — for most companies, the 10-K filings with the SEC since 2009; dividends from the payments themselves.
The bars are a balance on the closing date; the lines are what happened during the year. Revenue above equity is ordinary, not an anomaly — it means the company turns its capital over more than once a year.
Major managers that reported this stock in their latest 13F.
▼ -97.2% over 5Y.
today you would have $34.15▼ -96.6%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 5 closed years. Each multiple uses that year’s closing price and that year’s reported numbers — not today’s. The range is set by the annual reports on record.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Year-end price | $10.91 | $5.51 | $6.93 | $26.80 | $75.60 | |
| P/S | 1.7x | 1.7x | 1.5x | 0.7x | 2.3x | 2.8x |
| P/B | 4.0x | — | 3.7x | 1.4x | 4.3x | 5.2x |
| EPS | -$5.68 | -$3.83 | -$4.35 | -$9.80 | -$12.40 |
Companies of similar size in Technology, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| PHUNPhunware, Inc. | $2.09 | — | 0.5x | — | -13.72% | $42.77M |
| PXLWPixelworks Inc | $7.08 | — | 0.8x | — | -25.44% | $42.83M |
| AXILAxil Brands, Inc. | $6.38 | 19.3x | 3.3x | — | 23.67% | $43.49M |
| SAIHSAIHEAT Ltd | $23.75 |
FTC Solar, Inc. engages in the manufacture and service of solar tracker systems in the United States, Asia, Europe, the Middle East, North Africa, South Africa, and Australia. The company provides a two modules-in-portrait solar tracker system under the Voyager brand name; and a one module-in-portrait solar tracker solution under the Pioneer brand name. It also offers trackers and software solutions for the utility-scale solar energy markets, as well as for the project developers, solar asset owners, and engineering, procurement, and construction contractors that design and build solar energy projects. It also produces steel. The company was incorporated in 2017 and is headquartered in Austin, Texas.
Company description provided by Yahoo Finance.
| Profit margin | -79.83% | -79.83% | -102.64% | -39.60% | -80.94% | -39.40% |
| ROE | -115.20% | — | -255.34% | -80.50% | -149.91% | -74.61% |
Median, not average: a single year of near-zero profit produces a P/E of 400 and would drag an average on its own. P/E years above 200x are left out, the same cut the fair price uses — so this median matches the “its own history” method below. Price and EPS have no median: they are series that grow.
| — |
| 5.9x |
| — |
| -59.31% |
| $43.64M |
| SQNSSequans Communications | $2.91 | — | 1.1x | — | -430.49% | $43.65M |
| CMTLComtech Telecommunications Corp | $1.46 | — | 0.8x | — | -9.13% | $43.74M |