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Side-by-side financial comparison of American Express (AXP) 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 $18.9M, roughly 1.7× American Express). American Express runs the higher net margin — 15.7% vs -110.7%, a 126.5% gap on every dollar of revenue. On growth, FTC Solar, Inc. posted the faster year-over-year revenue change (148.9% vs 11.4%). Over the past eight quarters, FTC Solar, Inc.'s revenue compounded faster (61.6% CAGR vs -95.6%).
American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services worldwide. The company operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services. Its products and services include payment and financing products; network services; accounts payable expense management products and services; and travel and lifestyle services. The company's products an...
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.
AXP vs FTCI — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $18.9M | $32.9M |
| Net Profit | $3.0M | $-36.4M |
| Gross Margin | — | 14.9% |
| Operating Margin | — | -17.2% |
| Net Margin | 15.7% | -110.7% |
| Revenue YoY | 11.4% | 148.9% |
| Net Profit YoY | 15.0% | -197.4% |
| EPS (diluted) | — | $-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.
| Q1 26 | $18.9M | — | ||
| Q4 25 | $10.9B | $32.9M | ||
| Q3 25 | $10.4B | $26.0M | ||
| Q2 25 | $10.3B | $20.0M | ||
| Q1 25 | $9.6B | $20.8M | ||
| Q4 24 | $10.0B | $13.2M | ||
| Q3 24 | $9.7B | $10.1M | ||
| Q2 24 | $9.8B | $11.4M |
| Q1 26 | $3.0M | — | ||
| Q4 25 | $2.5B | $-36.4M | ||
| Q3 25 | $2.9B | $-23.9M | ||
| Q2 25 | $2.9B | $-15.4M | ||
| Q1 25 | $2.6B | $-3.8M | ||
| Q4 24 | $2.2B | $-12.2M | ||
| Q3 24 | $2.5B | $-15.4M | ||
| Q2 24 | $3.0B | $-12.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 14.9% | ||
| Q3 25 | — | 6.1% | ||
| Q2 25 | — | -19.6% | ||
| Q1 25 | — | -16.6% | ||
| Q4 24 | — | -29.1% | ||
| Q3 24 | — | -42.5% | ||
| Q2 24 | — | -20.5% |
| Q1 26 | — | — | ||
| Q4 25 | 28.2% | -17.2% | ||
| Q3 25 | 36.7% | -29.6% | ||
| Q2 25 | 34.4% | -57.5% | ||
| Q1 25 | 34.6% | -50.8% | ||
| Q4 24 | 27.7% | -101.7% | ||
| Q3 24 | 33.0% | -147.8% | ||
| Q2 24 | 38.6% | -104.3% |
| Q1 26 | 15.7% | — | ||
| Q4 25 | 22.5% | -110.7% | ||
| Q3 25 | 27.9% | -92.0% | ||
| Q2 25 | 28.0% | -77.2% | ||
| Q1 25 | 26.8% | -18.4% | ||
| Q4 24 | 21.8% | -92.7% | ||
| Q3 24 | 25.8% | -151.5% | ||
| Q2 24 | 30.7% | -107.1% |
| Q1 26 | — | — | ||
| Q4 25 | $3.52 | $-2.31 | ||
| Q3 25 | $4.14 | $-1.61 | ||
| Q2 25 | $4.08 | $-1.18 | ||
| Q1 25 | $3.64 | $-0.58 | ||
| Q4 24 | $3.04 | $-0.95 | ||
| Q3 24 | $3.49 | $-1.21 | ||
| Q2 24 | $4.15 | $-0.97 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $21.1M |
| Total DebtLower is stronger | $60.4M | $9.9M |
| Stockholders' EquityBook value | $34.0M | $-43.0M |
| Total Assets | $308.9M | $111.8M |
| Debt / EquityLower = less leverage | 1.78× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $742.0M | $21.1M | ||
| Q3 25 | $1.3B | $24.4M | ||
| Q2 25 | $197.0M | $3.5M | ||
| Q1 25 | $261.0M | $5.9M | ||
| Q4 24 | $221.0M | $11.2M | ||
| Q3 24 | $120.0M | $8.3M | ||
| Q2 24 | $188.0M | $10.8M |
| Q1 26 | $60.4M | — | ||
| Q4 25 | $56.4B | $9.9M | ||
| Q3 25 | $57.8B | $16.6M | ||
| Q2 25 | $58.2B | $10.9M | ||
| Q1 25 | $51.2B | $10.2M | ||
| Q4 24 | $49.7B | $9.5M | ||
| Q3 24 | $53.5B | — | ||
| Q2 24 | $51.5B | — |
| Q1 26 | $34.0M | — | ||
| Q4 25 | $33.5B | $-43.0M | ||
| Q3 25 | $32.4B | $-13.7M | ||
| Q2 25 | $32.3B | $9.0M | ||
| Q1 25 | $31.2B | $15.5M | ||
| Q4 24 | $30.3B | $19.0M | ||
| Q3 24 | $29.7B | $30.4M | ||
| Q2 24 | $29.5B | $44.2M |
| Q1 26 | $308.9M | — | ||
| Q4 25 | $300.1B | $111.8M | ||
| Q3 25 | $297.6B | $111.5M | ||
| Q2 25 | $295.6B | $83.0M | ||
| Q1 25 | $282.2B | $84.1M | ||
| Q4 24 | $271.5B | $89.9M | ||
| Q3 24 | $271.0B | $91.7M | ||
| Q2 24 | $272.2B | $100.3M |
| Q1 26 | 1.78× | — | ||
| Q4 25 | 1.68× | — | ||
| Q3 25 | 1.78× | — | ||
| Q2 25 | 1.80× | 1.20× | ||
| Q1 25 | 1.64× | 0.65× | ||
| Q4 24 | 1.64× | 0.50× | ||
| Q3 24 | 1.80× | — | ||
| Q2 24 | 1.74× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $-8.0M |
| Free Cash FlowOCF − Capex | — | $-8.4M |
| FCF MarginFCF / Revenue | — | -25.7% |
| Capex IntensityCapex / Revenue | — | 1.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-34.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $3.1B | $-8.0M | ||
| Q3 25 | $6.2B | $-14.6M | ||
| Q2 25 | $4.4B | $-2.3M | ||
| Q1 25 | $4.8B | $-8.5M | ||
| Q4 24 | $5.8B | $-16.7M | ||
| Q3 24 | $-1.8B | $-2.4M | ||
| Q2 24 | $4.5B | $-3.8M |
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | $-8.4M | ||
| Q3 25 | $5.6B | $-15.1M | ||
| Q2 25 | $3.7B | $-2.5M | ||
| Q1 25 | $4.3B | $-8.6M | ||
| Q4 24 | $5.3B | $-17.0M | ||
| Q3 24 | $-2.3B | $-2.6M | ||
| Q2 24 | $4.0B | $-4.5M |
| Q1 26 | — | — | ||
| Q4 25 | 21.4% | -25.7% | ||
| Q3 25 | 53.6% | -57.9% | ||
| Q2 25 | 36.3% | -12.4% | ||
| Q1 25 | 45.0% | -41.2% | ||
| Q4 24 | 53.1% | -128.6% | ||
| Q3 24 | -23.3% | -25.6% | ||
| Q2 24 | 40.4% | -39.2% |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 1.3% | ||
| Q3 25 | 6.3% | 1.7% | ||
| Q2 25 | 6.0% | 0.9% | ||
| Q1 25 | 4.5% | 0.4% | ||
| Q4 24 | 5.0% | 2.2% | ||
| Q3 24 | 4.7% | 2.2% | ||
| Q2 24 | 5.8% | 6.1% |
| Q1 26 | — | — | ||
| Q4 25 | 1.25× | — | ||
| Q3 25 | 2.15× | — | ||
| Q2 25 | 1.51× | — | ||
| Q1 25 | 1.84× | — | ||
| Q4 24 | 2.66× | — | ||
| Q3 24 | -0.72× | — | ||
| Q2 24 | 1.50× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AXP
| Discount revenue | $9.5M | 50% |
| Other | $8.9M | 47% |
| Deposits with banks and other | $512.0K | 3% |
FTCI
| Products | $26.2M | 80% |
| Services | $6.7M | 20% |
