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Side-by-side financial comparison of AVINO SILVER & GOLD MINES LTD (ASM) and FTC Solar, Inc. (FTCI). Click either name above to swap in a different company.

FTC Solar, Inc. is the larger business by last-quarter revenue ($32.9M vs $21.0M, roughly 1.6× AVINO SILVER & GOLD MINES LTD). AVINO SILVER & GOLD MINES LTD runs the higher net margin — 36.6% vs -110.7%, a 147.3% gap on every dollar of revenue. On growth, FTC Solar, Inc. posted the faster year-over-year revenue change (148.9% vs 44.0%). Over the past eight quarters, FTC Solar, Inc.'s revenue compounded faster (61.6% CAGR vs 51.1%).

Avino Silver & Gold Mines Ltd is a Canada-based mining company engaged in the exploration, development, and production of precious and base metals, primarily silver, gold, and copper. It operates its flagship Avino Mine property in Durango, Mexico, with its metal products supplied to global industrial and commodity markets.

FTC Solar, Inc. is a leading global provider of advanced solar tracker systems, associated components, and supporting software for solar projects. It serves utility-scale, commercial, and industrial solar segments across key global markets, helping customers boost energy generation efficiency and lower overall project costs.

ASM vs FTCI — Head-to-Head

Bigger by revenue
FTCI
FTCI
1.6× larger
FTCI
$32.9M
$21.0M
ASM
Growing faster (revenue YoY)
FTCI
FTCI
+104.9% gap
FTCI
148.9%
44.0%
ASM
Higher net margin
ASM
ASM
147.3% more per $
ASM
36.6%
-110.7%
FTCI
Faster 2-yr revenue CAGR
FTCI
FTCI
Annualised
FTCI
61.6%
51.1%
ASM

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ASM
ASM
FTCI
FTCI
Revenue
$21.0M
$32.9M
Net Profit
$7.7M
$-36.4M
Gross Margin
47.1%
14.9%
Operating Margin
-17.2%
Net Margin
36.6%
-110.7%
Revenue YoY
44.0%
148.9%
Net Profit YoY
558.9%
-197.4%
EPS (diluted)
$0.05
$-2.31

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ASM
ASM
FTCI
FTCI
Q4 25
$32.9M
Q3 25
$21.0M
$26.0M
Q2 25
$21.8M
$20.0M
Q1 25
$18.8M
$20.8M
Q4 24
$13.2M
Q3 24
$14.6M
$10.1M
Q2 24
$14.8M
$11.4M
Q1 24
$12.4M
$12.6M
Net Profit
ASM
ASM
FTCI
FTCI
Q4 25
$-36.4M
Q3 25
$7.7M
$-23.9M
Q2 25
$2.9M
$-15.4M
Q1 25
$5.6M
$-3.8M
Q4 24
$-12.2M
Q3 24
$1.2M
$-15.4M
Q2 24
$1.2M
$-12.2M
Q1 24
$599.0K
$-8.8M
Gross Margin
ASM
ASM
FTCI
FTCI
Q4 25
14.9%
Q3 25
47.1%
6.1%
Q2 25
46.9%
-19.6%
Q1 25
56.1%
-16.6%
Q4 24
-29.1%
Q3 24
39.1%
-42.5%
Q2 24
31.8%
-20.5%
Q1 24
18.9%
-16.7%
Operating Margin
ASM
ASM
FTCI
FTCI
Q4 25
-17.2%
Q3 25
-29.6%
Q2 25
-57.5%
Q1 25
-50.8%
Q4 24
-101.7%
Q3 24
-147.8%
Q2 24
-104.3%
Q1 24
-99.3%
Net Margin
ASM
ASM
FTCI
FTCI
Q4 25
-110.7%
Q3 25
36.6%
-92.0%
Q2 25
13.1%
-77.2%
Q1 25
29.8%
-18.4%
Q4 24
-92.7%
Q3 24
8.0%
-151.5%
Q2 24
8.4%
-107.1%
Q1 24
4.8%
-69.7%
EPS (diluted)
ASM
ASM
FTCI
FTCI
Q4 25
$-2.31
Q3 25
$0.05
$-1.61
Q2 25
$0.02
$-1.18
Q1 25
$0.04
$-0.58
Q4 24
$-0.95
Q3 24
$0.01
$-1.21
Q2 24
$0.01
$-0.97
Q1 24
$0.00
$-0.70

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ASM
ASM
FTCI
FTCI
Cash + ST InvestmentsLiquidity on hand
$57.3M
$21.1M
Total DebtLower is stronger
$9.9M
Stockholders' EquityBook value
$182.1M
$-43.0M
Total Assets
$221.9M
$111.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASM
ASM
FTCI
FTCI
Q4 25
$21.1M
Q3 25
$57.3M
$24.4M
Q2 25
$37.3M
$3.5M
Q1 25
$26.6M
$5.9M
Q4 24
$11.2M
Q3 24
$7.8M
$8.3M
Q2 24
$5.3M
$10.8M
Q1 24
$3.5M
$14.0M
Total Debt
ASM
ASM
FTCI
FTCI
Q4 25
$9.9M
Q3 25
$16.6M
Q2 25
$10.9M
Q1 25
$10.2M
Q4 24
$9.5M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ASM
ASM
FTCI
FTCI
Q4 25
$-43.0M
Q3 25
$182.1M
$-13.7M
Q2 25
$144.8M
$9.0M
Q1 25
$132.3M
$15.5M
Q4 24
$19.0M
Q3 24
$114.5M
$30.4M
Q2 24
$112.2M
$44.2M
Q1 24
$107.8M
$55.2M
Total Assets
ASM
ASM
FTCI
FTCI
Q4 25
$111.8M
Q3 25
$221.9M
$111.5M
Q2 25
$174.7M
$83.0M
Q1 25
$157.7M
$84.1M
Q4 24
$89.9M
Q3 24
$135.4M
$91.7M
Q2 24
$133.7M
$100.3M
Q1 24
$128.6M
$115.0M
Debt / Equity
ASM
ASM
FTCI
FTCI
Q4 25
Q3 25
Q2 25
1.20×
Q1 25
0.65×
Q4 24
0.50×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ASM
ASM
FTCI
FTCI
Operating Cash FlowLast quarter
$8.3M
$-8.0M
Free Cash FlowOCF − Capex
$-8.4M
FCF MarginFCF / Revenue
-25.7%
Capex IntensityCapex / Revenue
1.3%
Cash ConversionOCF / Net Profit
1.08×
TTM Free Cash FlowTrailing 4 quarters
$-34.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASM
ASM
FTCI
FTCI
Q4 25
$-8.0M
Q3 25
$8.3M
$-14.6M
Q2 25
$8.3M
$-2.3M
Q1 25
$758.0K
$-8.5M
Q4 24
$-16.7M
Q3 24
$4.1M
$-2.4M
Q2 24
$1.1M
$-3.8M
Q1 24
$2.3M
$-11.9M
Free Cash Flow
ASM
ASM
FTCI
FTCI
Q4 25
$-8.4M
Q3 25
$-15.1M
Q2 25
$-2.5M
Q1 25
$-8.6M
Q4 24
$-17.0M
Q3 24
$-2.6M
Q2 24
$-4.5M
Q1 24
$-12.3M
FCF Margin
ASM
ASM
FTCI
FTCI
Q4 25
-25.7%
Q3 25
-57.9%
Q2 25
-12.4%
Q1 25
-41.2%
Q4 24
-128.6%
Q3 24
-25.6%
Q2 24
-39.2%
Q1 24
-97.6%
Capex Intensity
ASM
ASM
FTCI
FTCI
Q4 25
1.3%
Q3 25
1.7%
Q2 25
0.9%
Q1 25
0.4%
Q4 24
2.2%
Q3 24
2.2%
Q2 24
6.1%
Q1 24
3.4%
Cash Conversion
ASM
ASM
FTCI
FTCI
Q4 25
Q3 25
1.08×
Q2 25
2.92×
Q1 25
0.13×
Q4 24
Q3 24
3.55×
Q2 24
0.87×
Q1 24
3.92×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ASM
ASM

Segment breakdown not available.

FTCI
FTCI

Products$26.2M80%
Services$6.7M20%

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