Ftc Solar, Inc. (FTCI) intrinsic value & 10-year financials
Ftc Solar, Inc. (FTCI) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 8 fiscal years revenue grew 11.1% a year to $99.7M, with an average return on invested capital of -194.2%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $1.61
- Market cap
- $22.6M
- Revenue (FY2025)
- $99.7M
- Revenue growth (8-yr CAGR)
- 11.1%
- ROIC (10-yr avg)
- -194.2%
- Free cash flow (FY2025)
- -$34.6M
FTCI 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $99.7M | -$79.6M | -$5.68 | -$34.6M | -35.5% | 304.8% |
| FY2024 | $47.4M | -$48.6M | -$3.83 | -$36.3M | -111.6% | -188.6% |
| FY2023 | $127.0M | -$50.3M | -$0.44 | -$53.5M | -40.0% | -164.8% |
| FY2022 | $123.1M | -$99.6M | -$0.98 | -$187.7M | -80.9% | -307.0% |
| FY2021 | $270.5M | -$106.6M | -$1.24 | -$133.9M | -46.9% | -1317.3% |
| FY2020 | $187.4M | -$15.9M | -$0.23 | $373.0K | -9.0% | 74.0% |
| FY2019 | $53.1M | -$13.5M | -$0.22 | -$272.0K | -23.3% | 239.5% |
| FY2018 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
FTC Solar, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
FTC Solar, Inc. returns on capital have been average, hovering around 8.5% ROIC over the decade.
FTC Solar, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, FTC Solar, Inc. is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-120.06 per share.