FTC SolarFTCI +5.04%64 Pretax Margin % is 189.94% 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. Among 1,023 Semiconductors companies, FTC Solar ranks worse than 89.54% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. FTC Solar's Pre-Tax Income for the
three
months ended in Mar. 2026 was $32.79 Mil. FTC Solar's Revenue for the
three
months ended in Mar. 2026 was $17.27 Mil. Therefore, FTC Solar's pretax margin for the quarter that ended in Mar. 2026 was 189.94%.
The historical rank and industry rank for FTC Solar's Pretax Margin % or its related term are showing as below:
FTCI'
s Pretax Margin % Range Over the Past 10 Years
Min: -102.16 Med: -39.86 Max: -8.54
Current: -44.4
FTCI's Pretax Margin % is ranked worse than 89.54% of 1023
companies
in the Semiconductors industry
Industry Median: 5.08
vs FTCI: -44.40
FTC Solar (NAS:FTCI) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
FTC Solar Pretax Margin % Related Terms
FTC Solar Pretax Margin % Historical Data
* Premium members only.
The historical data trend for FTC Solar's Pretax 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.
FTCI vs ASTI, PN, SPRU: Pretax Margin % Comparison
For the Solar subindustry, FTC Solar's Pretax Margin %, along with its competitors' market caps and Pretax 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 Pretax Margin % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, FTC Solar's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where FTC Solar's Pretax Margin % falls into.
* 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 (FTCI) has a Pretax Margin % of 189.94% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on FTC Solar and its competitors. According to the industry distribution chart, FTC Solar ranks #916 out of 1023 companies in the Semiconductors industry, placing it in the top 89.5%.
Is FTC Solar's Pretax Margin % too high?
FTC Solar's current Pretax Margin % is 189.94%. The Semiconductors industry median Pretax Margin % is 5.08. FTC Solar's value of 189.94% is 3639% above this industry median. Based on the distribution chart, FTC Solar ranks #916 out of 1023 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. 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 Pretax Margin % compare to ASTI and PN?
According to the Semiconductors industry distribution chart, FTC Solar ranks #916 out of 1023 companies for Pretax Margin %. This places FTC Solar in the lower half of its industry. The industry median Pretax Margin % is 5.08. FTC Solar's value of 189.94% is 3639% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pretax Margin % for a Semiconductors company?
The median Pretax Margin % among Semiconductors companies is 5.08, based on 1,023 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. FTC Solar's current Pretax Margin % of 189.94% is 3639% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on FTC Solar and its competitors. For the Semiconductors industry, the median Pretax Margin % is 5.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FTC Solar's current Pretax Margin % is 189.94%. 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 $4.79 — trading 12.8% below its estimated fair value. The current Pretax Margin % is 189.94% and 3639% above the Semiconductors industry median of 5.08. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For FTC Solar (FTCI), the current Pretax Margin % is 189.94% 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 $4.79 is trading 12.8% below its estimated GF Value™ of $5.49.
GuruFocus considers FTC Solar to be Modestly Undervalued.
Key valuation signals for FTCI:
Pretax Margin %: 189.94%
GF Value™: $5.49 vs. price of $4.79 (12.8% below fair value)
Industry Position: 3639% above the Semiconductors median (#916 of 1023)
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 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
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