FTC Solar (FTC Solar) Net Margin % : -69.68% (As of Mar. 2024)

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What is FTC Solar Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. FTC Solar's Net Income for the three months ended in Mar. 2024 was $-8.77 Mil. FTC Solar's Revenue for the three months ended in Mar. 2024 was $12.59 Mil. Therefore, FTC Solar's net margin for the quarter that ended in Mar. 2024 was -69.68%.

The historical rank and industry rank for FTC Solar's Net Margin % or its related term are showing as below:

FTCI' s Net Margin % Range Over the Past 10 Years
Min: -80.94 Med: -39.4 Max: -8.5
Current: -47.92

FTCI's Net Margin % is ranked worse than
90.17% of 987 companies
in the Semiconductors industry
Industry Median: 4.72 vs FTCI: -47.92

FTC Solar Net Margin % Historical Data

The historical data trend for FTC Solar's Net Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

FTC Solar Net Margin % Chart

FTC Solar Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Net Margin %

-25.40

-8.50

-39.40

-80.94

-39.60

FTC Solar Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Net Margin %	Get a 7-Day Free Trial													-28.76	-32.18	-55.44	-48.17	-69.68

Competitive Comparison of FTC Solar's Net Margin %

For the Solar subindustry, FTC Solar's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

FTC Solar's Net Margin % Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, FTC Solar's Net Margin % distribution charts can be found below:

* The bar in red indicates where FTC Solar's Net Margin % falls into.

FTC Solar Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

FTC Solar's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as

Net Margin	=	Net Income (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	-50.29	/	127.002
	=	-39.60 %

FTC Solar's Net Margin for the quarter that ended in Mar. 2024 is calculated as

Net Margin	=	Net Income (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	-8.771	/	12.587
	=	-69.68 %

FTC Solar (NAS:FTCI) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.

FTC Solar Net Margin % Related Terms

Thank you for viewing the detailed overview of FTC Solar's Net Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

FTC Solar (FTC Solar) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » FTC Solar Inc (NAS:FTCI) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

6YK:Germany 6YK:Germany

Address

9020 N Capital of Texas Highway, Building 1, Suite 260, Austin, TX, USA, 78759

Website

https://www.ftcsolar.com

FTC Solar Inc is a global provider of advanced solar tracker systems, supported by proprietary software and value-added engineering services. It focuses on providing differentiated products, software and services that maximize energy generation and cost savings for customers, and to help facilitate the continued growth and adoption of solar power globally.

Executives

Robert Phelps Morris	officer: CHIEF FINANCIAL OFFICER	C/O FTC SOLAR, INC., 9020 N CAPITAL OF TEXAS HWY, SUITE I-250, AUSTIN TX 78759
Ahmad R Chatila	director	3901 NO. FIRST STREET, SAN JOSE CA 95134
Shaker Sadasivam	director	P O BOX 8, SAINT PETERS MO 63376
William A Priddy	director	C/O RF MICRO DEVICES, INC., 7628 THORNDIKE ROAD, GREENSBORO NC 27409
Cathy Behnen	officer: CHIEF ACCOUNTING OFFICER	9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759
Sasan Aminpour	officer: Chief Operating Officer	C/O FTC SOLAR, INC., 9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759
Arc Family Trust	10 percent owner	9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759
Kristian Nolde	officer: VP, MARKETING AND STRATEGY	9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759
Patrick Cook	officer: CHIEF FINANCIAL OFFICER	9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759
Tamara Mullings	director	C/O FTC SOLAR, INC., 9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759
David Springer	director, 10 percent owner	2718 LOYAGA DRIVE, ROUND ROCK TX 78681
Nagendra Cherukupalli	officer: CHIEF TECHNOLOGY OFFICER	9020 N CAPITAL OF TEXAS HWY, SUITE I-260, AUSTIN TX 78759
Sean Hunkler	director, officer: PRESIDENT AND CEO	C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119
Thurman J Rodgers	director	535 EASTVIEW WAY, WOODSIDE CA 94062
South Cone Investments Limited Partnership	10 percent owner	AVENIDA PRESIDENTE RIESCO 5711 OFICINA 1, LAS CONDES, SANTIAGO F3 7550000