FTCI (FTC Solar) EBIT: $-31.30 Mil (TTM As of Mar. 2026)


FTCI FTC Solar Inc FTCI
64 GF Score
Price $4.56
GF Value $5.49
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is FTC Solar EBIT?

FTC Solar FTCI -8.43% 64 EBIT is $-31.30 Mil as of Mar. 2026. GuruFocus rates FTCI with a GF Score™ of 64/100 and a GF Value™ of $5.49 (Modestly Undervalued). The stock has 6 warning signs investors should review.

FTC Solar's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $36.69 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $-31.30 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. FTC Solar's annualized ROC % for the quarter that ended in Mar. 2026 was -86.24%. FTC Solar's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 3,134.22%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. FTC Solar's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -34.49%.


FTC Solar  (NAS:FTCI) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

FTC Solar's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=-48.232 * ( 1 - 0.59% )/( (55.795 + 55.396)/ 2 )
=-47.9474312/55.5955
=-86.24 %

where

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

FTC Solar's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=146.76/( ( (4.776 + max(-11.497, 0)) + (4.589 + max(-6.415, 0)) )/ 2 )
=146.76/( ( 4.776 + 4.589 )/ 2 )
=146.76/4.6825
=3,134.22 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(22.722 + 9.627 + 11.294) - (34.912 + 7.172 + 13.056)
=-11.497

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(25.135 + 9.425 + 12.371) - (36.814 + 4.833 + 11.699)
=-6.415

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

FTC Solar's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=-31.303/90.768
=-34.49 %

* 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.


FTC Solar EBIT Related Terms


FTC Solar EBIT Historical Data

* Premium members only.

The historical data trend for FTC Solar's EBIT 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.

FTC Solar EBIT Chart

FTC Solar Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial -105.61 -98.20 -50.38 -47.71 -70.85

FTC Solar Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.85 -14.66 -21.91 -31.43 36.69

FTCI vs ASTI, PN, SPRU: EBIT Comparison

For the Solar subindustry, FTC Solar's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Semiconductors Industry

For the Semiconductors industry and Technology sector, FTC Solar's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where FTC Solar's EV-to-EBIT falls into.


FTCI
64GF Score
FTC Solar Inc FTCI
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

FTC Solar EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-31.30 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $-31.30 Mil mean?
FTC Solar (FTCI) has a EBIT of $-31.30 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on FTC Solar.
Is FTC Solar's EBIT too high?
FTC Solar's current EBIT is $-31.30 Mil. Overall, FTC Solar has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does FTC Solar's EBIT compare to ASTI and PN?
FTC Solar's EBIT of $-31.30 Mil can be compared against companies in the Semiconductors industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Semiconductors company?
A good EBIT depends on the Semiconductors industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on FTC Solar. FTC Solar's current EBIT is $-31.30 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FTC Solar stock overvalued right now?
Based on GuruFocus' analysis, FTC Solar (FTCI) is currently considered Modestly Undervalued. The stock's GF Value™ is $5.49, compared to a current price of $4.56 — trading 16.9% below its estimated fair value. The current EBIT is $-31.30 Mil. FTC Solar's overall GF Score™ is 64/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For FTC Solar (FTCI), the current EBIT is $-31.30 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is FTC Solar (FTCI) Overvalued in 2026?

Based on GuruFocus' analysis, FTC Solar stock appears to be undervalued. The current stock price of $4.56 is trading 16.9% below its estimated GF Value™ of $5.49. GuruFocus considers FTC Solar to be Modestly Undervalued.

Key valuation signals for FTCI:

  • EBIT: $-31.30 Mil
  • GF Value™: $5.49 vs. price of $4.56 (16.9% below fair value)
  • GF Score™: 64/100 with 6 warning signs

No single metric tells the full story. See the FTCI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


FTC Solar Business Description

Other Exchanges 6YK0:Germany
Address 10900 Stonelake Boulevard, Suite 100, Quarry Oaks II Building, Austin, TX, USA, 78759
FTC Solar Inc is a provider of solar tracker systems, supported by proprietary software and value-added engineering services. The company's Solar tracker systems move solar panels throughout the day to maintain an optimal orientation relative to the sun, thereby increasing the amount of solar energy produced at a solar installation. It focuses on providing differentiated products, software, and services that maximize energy generation. The company has launched a new mounting solution to support the installation and use of U.S.-manufactured thin-film modules by project owners. The only segment the company is engaged in is the Manufacturing and Servicing of Solar tracker systems.
64GF Score

Get the complete analysis for FTCI

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$4.56
Price
$5.49
GF Value