FTC Solar, Inc. Financial Ratios — 6YK0 Stock

Profitability (USD)

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	- -	-141.82	-95.18	-78.02	-119.27	- -
Return on Assets (%)	- -	-30.27	-67.8	-52.79	-39.07	-45.64	-78.89
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	-3.67	1.94	-12.03	-22.12	6.54	-26.59	-0.88
EBITDA Margin (%)	-22.51	-9.01	-46.79	-80.18	-38.9	-108.03	-34.26
Operating Margin (%)	-23.29	-9.03	-46.87	-80.91	-39.98	-111.56	-35.53
Incremental Operating Margin (%)	- -	- -	- -	- -	1,239.71	2.58	33.26
Pretax Margin (%)	-25.48	-8.54	-39.34	-80.59	-39.86	-102.16	-79.3
Profit Margin (%)	-25.4	-8.5	-39.4	-80.94	-39.6	-102.64	-79.83
Net Income to Common Margin (%)	-25.4	-8.5	-39.4	-80.94	-39.6	-102.64	-79.83
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	-141.82	-95.18	-78.02	-119.27	- -

Credit (USD)

Credit Ratios API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	8	2	2	1	2	11	24
ST Debt	- -	1	- -	- -	1	1	13
LT Debt	8	1	1	1	1	10	10
Total Debt/EBITDA	-0.65	-0.13	-0.01	-0.01	-0.04	-0.21	-0.69
Net Debt/EBITDA	-0.05	1.81	0.81	0.45	0.51	0.03	-0.04
Total Debt/EBIT	-0.63	-0.13	-0.01	-0.01	-0.04	-0.2	-0.67
Net Debt/EBIT	-0.05	1.81	0.81	0.45	0.5	0.03	-0.04
EBITDA to Interest Expense	-26.34	-46.37	-155.49	-100.89	-195.26	-76.93	-4.16
EBITDA-CapEx/Interest Expense	-26.38	-47.07	-156.75	-101.9	-198.49	-79.4	-4.3
EBIT to Interest Expense	-27.25	-46.5	-155.78	-101.81	-200.7	-79.44	-4.32
Interest Expense	- -	- -	1	1	- -	1	8
Common Equity/Total Assets	-24.96	10.44	58.79	49.44	50.76	21.17	-38.42
Long-Term Debt/Equity (%)	- -	15.29	0.94	1.18	1.8	51.89	- -
Long-Term Debt/Capital (%)	-1,279.9	11.88	0.93	1.16	1.75	33.29	-53.99
Long-Term Debt/Total Assets (%)	23.15	1.6	0.55	0.58	0.91	10.98	9.37
Total Debt/Equity (%)	-92.75	28.71	1.25	1.81	2.98	55.85	-54.84
Total Debt/Capital (%)	-1,279.9	22.3	1.24	1.78	2.9	35.84	-121.44
Total Debt/Total Assets (%)	23.15	3	0.74	0.9	1.51	11.82	21.07
Net Debt to Equity	-7.25	-410.35	-71.53	-66.79	-40.39	-9.36	-3.48
Net Debt/Capital (%)	-7.81	134.28	-240.59	-190.76	-64.54	-9.67	-3.7
EBITDA	-12	-17	-127	-99	-49	-51	-34
EBITDA-CapEx	-12	-17	-128	-100	-50	-53	-35
Operating Income (Loss)	-12	-17	-127	-100	-51	-53	-35

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.21	0.54	1.1	0.74	0.46	0.23	0.31
Current Ratio	0.91	1.1	2.53	1.97	1.98	1.55	1.43
Quick Ratio	0.63	0.94	2.25	1.55	1.66	1.04	1.13
CFO/Avg Current Liab	- -	0.01	-1.74	-0.71	-0.92	-0.67	-0.57
Common Equity/Total Assets	-24.96	10.44	58.79	49.44	50.76	21.17	-38.42
Long-Term Debt/Equity (%)	- -	15.29	0.94	1.18	1.8	51.89	- -
Long-Term Debt/Capital (%)	-1,279.9	11.88	0.93	1.16	1.75	33.29	-53.99
Long-Term Debt/Total Assets (%)	23.15	1.6	0.55	0.58	0.91	10.98	9.37
Total Debt/Equity (%)	-92.75	28.71	1.25	1.81	2.98	55.85	-54.84
Total Debt/Capital (%)	-1,279.9	22.3	1.24	1.78	2.9	35.84	-121.44
Total Debt/Total Assets (%)	23.15	3	0.74	0.9	1.51	11.82	21.07
CFO/Total Liabilities	-0.6	0.98	-132.65	-80.22	-86.89	-48.95	-21.61
CFO/CapEx	-14.11	2.46	-129.61	-55.34	-64.53	-21.09	-29.62
Altman's Z-Score	- -	- -	- -	- -	- -	- -	-4.85

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	9.93	8.69	3.33	3.12	1.38	4.42
Days Sales Outstanding	- -	36.76	42.02	109.68	117.14	264.07	82.55
Inventory Turnover	- -	59.35	57.48	12.62	12.59	8.53	10.17
Days Inventory Outstanding	- -	6.15	6.35	28.91	28.99	42.77	35.88
Accounts Payable Turnover	- -	14.29	11	5.68	9.05	6.31	7.63
Accounts Payable Turnover Days	- -	25.54	33.17	64.26	40.31	57.83	47.87
Cash Conversion Cycle	- -	17.37	15.2	74.33	105.82	249.01	70.56
Inventory to Cash Days	- -	30.61	35.67	80.77	88.15	221.3	46.67
Inventories	5	2	9	15	4	10	10
Raw Materials	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	2	9	15	4	11	9
Other Inventory	5	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	- -	- -	- -	- -	182
- Cash & Cash Equivalents	7	32	102	44	25	11	21
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	8	2	2	1	2	11	24
Enterprise Value	- -	- -	- -	- -	- -	- -	184
Total Capital	-1	10	145	68	64	30	-19
Total Debt/Capital (%)	-1,279.9	22.3	1.24	1.78	2.9	35.84	-121.44
Total Debt / EV	- -	- -	- -	- -	- -	- -	0.13
EV/Sales	- -	- -	- -	- -	- -	- -	1.85
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	- -	- -	- -	- -	- -	- -	164
Diluted Enterprise Value	- -	- -	- -	- -	- -	- -	166
EV per Share	- -	- -	- -	- -	- -	- -	11.85
TTM Sales	53	187	271	123	127	47	100
TTM EBITDA	-12	-17	-127	-99	-49	-51	-34
TTM Operating Income	-12	-17	-127	-100	-51	-53	-35
TTM Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -
TTM Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -

Multiples (USD)

Valuation Multiples API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	-4.74
EV/EBIT	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	- -	- -	- -	- -	- -	- -	184
Low Price	- -	- -	- -	- -	- -	- -	2.19
EV/Sales	- -	- -	- -	- -	- -	- -	1.85
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -
Price/Book Value	- -	- -	- -	- -	- -	- -	-4.23
Price/Book Value Average	- -	- -	- -	- -	- -	- -	-2.06
Price/Book Value High	- -	- -	- -	- -	- -	- -	-4.39
Price/Book Value Low	- -	- -	- -	- -	- -	- -	-0.79
Price/Tangible Book Value	- -	- -	- -	- -	- -	- -	-3.6
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	- -	-1.76
Price/Tangible Book Value High	- -	- -	- -	- -	- -	- -	-3.74
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	- -	-0.68
Price/Sales	- -	- -	- -	- -	- -	- -	1.64
Price/Sales Average	- -	- -	- -	- -	- -	- -	0.8
Price/Sales High	- -	- -	- -	- -	- -	- -	1.7
Price/Sales Low	- -	- -	- -	- -	- -	- -	0.31
Price/Cash Flow	- -	- -	- -	- -	- -	- -	-4.9
Price/Cash Flow Average	- -	- -	- -	- -	- -	- -	-2.39
Price/Cash Flow High	- -	- -	- -	- -	- -	- -	-5.08
Price/Cash Flow Low	- -	- -	- -	- -	- -	- -	-0.92
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	- -	-2.31
Price/Free Cash Flow High	- -	- -	- -	- -	- -	- -	-4.92
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	- -	-0.89
EV/Sales Average	- -	- -	- -	- -	- -	- -	0.91
EV/Sales High	- -	- -	- -	- -	- -	- -	1.92
EV/Sales Low	- -	- -	- -	- -	- -	- -	0.37
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	- -	- -	- -	- -	11.69
High Price	- -	- -	- -	- -	- -	- -	12.13
Enterprise Value Average	- -	- -	- -	- -	- -	- -	91
Enterprise Value High	- -	- -	- -	- -	- -	- -	191
Enterprise Value Low	- -	- -	- -	- -	- -	- -	36

Per Share Data Items (USD)

Per-Share Data API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Shares Outstanding	8	8	9	11	13	13	16
Diluted Weighted Avg Shares	7	7	9	10	12	13	14
Basic Weighted Avg Shares	7	7	9	10	12	13	14
Revenue per Share	7.72	27.23	31.44	12.14	10.99	3.74	7.11
EBITDA per Share	-1.74	-2.45	-14.71	-9.73	-4.28	-4.04	-2.44
Operating Income per Share	-1.8	-2.46	-14.74	-9.82	-4.39	-4.17	-2.53
Basic EPS, GAAP	-1.96	-2.31	-12.39	-9.82	-4.35	-3.83	-5.68
Basic EPS from Cont Ops	-1.96	-2.31	-12.39	-9.82	-4.35	-3.83	-5.68
Diluted EPS, GAAP	-1.96	-2.31	-12.39	-9.82	-4.35	-3.83	-5.68
Diluted EPS from Cont Ops	-1.96	-2.31	-12.39	-9.82	-4.35	-3.83	-5.68
Dividend per Share	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	-0.04	0.09	-15.44	-5.38	-4.56	-2.74	-2.39
Free Cash Flow per Basic Share	-0.04	0.05	-15.56	-5.47	-4.63	-2.87	-2.47
Cash & Equivalents per Share	0.88	3.94	11.03	4.23	2.01	0.87	1.36
Book Value per Share	-1.03	0.91	15.43	6.33	4.98	1.48	-2.76
Tangible Book Value per Share	-1.03	0.91	15.43	5.5	4.35	0.93	-3.24