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Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.
FTC Solar's Sloan Ratio for the quarter that ended in Mar. 2026 was -4.93%.
Warning Sign:
When sloan ratio (-43.76)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.
As of Mar. 2026, FTC Solar has a Sloan Ratio of -4.93%, indicating the company is in the safe zone and there is no funny business with accruals.
A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.
If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.
If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.
If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.
As of Mar. 2026, FTC Solar has a Sloan Ratio of -4.93%, indicating the company is in the safe zone and there is no funny business with accruals.
FTC Solar Sloan Ratio % Related Terms
FTC Solar Sloan Ratio % Historical Data
* Premium members only.
The historical data trend for FTC Solar's Sloan Ratio % 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 SPRU, ASTI, BEEM: Sloan Ratio % Comparison
For the Solar subindustry, FTC Solar's Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % 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 Sloan Ratio % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, FTC Solar's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where FTC Solar's Sloan Ratio % falls into.
Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.
FTC Solar's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
FTC Solar's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was -15.43 (Jun. 2025 ) + -23.938 (Sep. 2025 ) + -36.39 (Dec. 2025 ) + 32.599 (Mar. 2026 ) = $-43.16 Mil.
FTC Solar's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was -2.297 (Jun. 2025 ) + -14.636 (Sep. 2025 ) + -8.028 (Dec. 2025 ) + -12.772 (Mar. 2026 ) = $-37.73 Mil.
FTC Solar's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -0.135 (Jun. 2025 ) + -0.432 (Sep. 2025 ) + 0.244 (Dec. 2025 ) + -0.276 (Mar. 2026 ) = $-0.60 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.
FTC Solar (FTCI) has a Sloan Ratio % of -4.93% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on FTC Solar and its competitors.
Is FTC Solar's Sloan Ratio % too high?
FTC Solar's current Sloan Ratio % is -4.93%. Overall, FTC Solar has a GF Score™ of 53/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does FTC Solar's Sloan Ratio % compare to SPRU and ASTI?
FTC Solar's Sloan Ratio % of -4.93% 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 Sloan Ratio % for a Semiconductors company?
A good Sloan Ratio % depends on the Semiconductors industry context. However, Sloan Ratio % 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 Sloan Ratio % mean?
A high Sloan Ratio % can signal that a stock is expensive relative to its fundamentals. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on FTC Solar and its competitors. FTC Solar's current Sloan Ratio % is -4.93%. 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 Possible Value Trap. The stock's GF Value™ is $5.54, compared to a current price of $2.66 — trading 52% below its estimated fair value. The current Sloan Ratio % is -4.93%. FTC Solar's overall GF Score™ is 53/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Sloan Ratio % calculated?
Sloan Ratio % is calculated from a company's financial statements. For FTC Solar (FTCI), the current Sloan Ratio % is -4.93% 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 $2.66 is trading 52% below its estimated GF Value™ of $5.54.
GuruFocus considers FTC Solar to be Possible Value Trap.
Key valuation signals for FTCI:
Sloan Ratio %: -4.93%
GF Value™: $5.54 vs. price of $2.66 (52% below fair value)
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.
53GF Score
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