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Side-by-side financial comparison of BGSF, INC. (BGSF) 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 $22.0M, roughly 1.5× BGSF, INC.). BGSF, INC. runs the higher net margin — -5.3% vs -110.7%, a 105.5% gap on every dollar of revenue. On growth, FTC Solar, Inc. posted the faster year-over-year revenue change (148.9% vs -9.4%). BGSF, INC. produced more free cash flow last quarter ($1.7M vs $-8.4M). Over the past eight quarters, FTC Solar, Inc.'s revenue compounded faster (61.6% CAGR vs -5.3%).
BGSF Inc. is a leading U.S.-headquartered workforce solutions firm that provides tailored staffing, talent recruitment, and end-to-end workforce management services. It serves core segments including information technology, healthcare, professional administration, light industrial, and creative industries, catering to small, mid-sized and large enterprise clients across North America.
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.
BGSF vs FTCI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $22.0M | $32.9M |
| Net Profit | $-1.2M | $-36.4M |
| Gross Margin | 35.0% | 14.9% |
| Operating Margin | -17.6% | -17.2% |
| Net Margin | -5.3% | -110.7% |
| Revenue YoY | -9.4% | 148.9% |
| Net Profit YoY | -18.2% | -197.4% |
| EPS (diluted) | $-0.12 | $-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.
| Q4 25 | $22.0M | $32.9M | ||
| Q3 25 | $26.9M | $26.0M | ||
| Q2 25 | $23.5M | $20.0M | ||
| Q1 25 | $20.9M | $20.8M | ||
| Q4 24 | $24.3M | $13.2M | ||
| Q3 24 | $29.8M | $10.1M | ||
| Q2 24 | $25.7M | $11.4M | ||
| Q1 24 | $24.5M | $12.6M |
| Q4 25 | $-1.2M | $-36.4M | ||
| Q3 25 | $-5.8M | $-23.9M | ||
| Q2 25 | $-3.7M | $-15.4M | ||
| Q1 25 | $-722.0K | $-3.8M | ||
| Q4 24 | $-981.0K | $-12.2M | ||
| Q3 24 | $-804.0K | $-15.4M | ||
| Q2 24 | $-761.0K | $-12.2M | ||
| Q1 24 | $-792.0K | $-8.8M |
| Q4 25 | 35.0% | 14.9% | ||
| Q3 25 | 35.9% | 6.1% | ||
| Q2 25 | 35.8% | -19.6% | ||
| Q1 25 | 36.2% | -16.6% | ||
| Q4 24 | 35.9% | -29.1% | ||
| Q3 24 | 35.9% | -42.5% | ||
| Q2 24 | 37.3% | -20.5% | ||
| Q1 24 | 38.1% | -16.7% |
| Q4 25 | -17.6% | -17.2% | ||
| Q3 25 | -3.5% | -29.6% | ||
| Q2 25 | -18.8% | -57.5% | ||
| Q1 25 | 1.6% | -50.8% | ||
| Q4 24 | -15.7% | -101.7% | ||
| Q3 24 | -3.4% | -147.8% | ||
| Q2 24 | -5.7% | -104.3% | ||
| Q1 24 | 1.7% | -99.3% |
| Q4 25 | -5.3% | -110.7% | ||
| Q3 25 | -21.6% | -92.0% | ||
| Q2 25 | -15.9% | -77.2% | ||
| Q1 25 | -3.5% | -18.4% | ||
| Q4 24 | -4.0% | -92.7% | ||
| Q3 24 | -2.7% | -151.5% | ||
| Q2 24 | -3.0% | -107.1% | ||
| Q1 24 | -3.2% | -69.7% |
| Q4 25 | $-0.12 | $-2.31 | ||
| Q3 25 | $-0.52 | $-1.61 | ||
| Q2 25 | $-0.34 | $-1.18 | ||
| Q1 25 | $-0.06 | $-0.58 | ||
| Q4 24 | — | $-0.95 | ||
| Q3 24 | $-0.07 | $-1.21 | ||
| Q2 24 | $-0.07 | $-0.97 | ||
| Q1 24 | — | $-0.70 |
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 | — | $9.9M |
| Stockholders' EquityBook value | $48.1M | $-43.0M |
| Total Assets | $57.8M | $111.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $21.1M | ||
| Q3 25 | $41.2M | $24.4M | ||
| Q2 25 | $2.8M | $3.5M | ||
| Q1 25 | $2.0M | $5.9M | ||
| Q4 24 | $32.0K | $11.2M | ||
| Q3 24 | $262 | $8.3M | ||
| Q2 24 | $226 | $10.8M | ||
| Q1 24 | $50 | $14.0M |
| 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 | — | — |
| Q4 25 | $48.1M | $-43.0M | ||
| Q3 25 | $50.7M | $-13.7M | ||
| Q2 25 | $78.3M | $9.0M | ||
| Q1 25 | $81.8M | $15.5M | ||
| Q4 24 | $82.3M | $19.0M | ||
| Q3 24 | $82.9M | $30.4M | ||
| Q2 24 | $83.2M | $44.2M | ||
| Q1 24 | $83.6M | $55.2M |
| Q4 25 | $57.8M | $111.8M | ||
| Q3 25 | $83.6M | $111.5M | ||
| Q2 25 | $149.7M | $83.0M | ||
| Q1 25 | $152.3M | $84.1M | ||
| Q4 24 | $150.1M | $89.9M | ||
| Q3 24 | $157.3K | $91.7M | ||
| Q2 24 | $159.8K | $100.3M | ||
| Q1 24 | $170.6K | $115.0M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.7M | $-8.0M |
| Free Cash FlowOCF − Capex | $1.7M | $-8.4M |
| FCF MarginFCF / Revenue | 7.6% | -25.7% |
| Capex IntensityCapex / Revenue | 0.1% | 1.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-16.0K | $-34.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7M | $-8.0M | ||
| Q3 25 | $-4.8M | $-14.6M | ||
| Q2 25 | $2.2M | $-2.3M | ||
| Q1 25 | $1.1M | $-8.5M | ||
| Q4 24 | $3.2M | $-16.7M | ||
| Q3 24 | $6.5M | $-2.4M | ||
| Q2 24 | $7.3M | $-3.8M | ||
| Q1 24 | $7.4M | $-11.9M |
| Q4 25 | $1.7M | $-8.4M | ||
| Q3 25 | $-4.9M | $-15.1M | ||
| Q2 25 | $2.1M | $-2.5M | ||
| Q1 25 | $1.0M | $-8.6M | ||
| Q4 24 | $2.5M | $-17.0M | ||
| Q3 24 | $6.5M | $-2.6M | ||
| Q2 24 | $7.3M | $-4.5M | ||
| Q1 24 | $6.9M | $-12.3M |
| Q4 25 | 7.6% | -25.7% | ||
| Q3 25 | -18.1% | -57.9% | ||
| Q2 25 | 9.1% | -12.4% | ||
| Q1 25 | 5.0% | -41.2% | ||
| Q4 24 | 10.2% | -128.6% | ||
| Q3 24 | 21.7% | -25.6% | ||
| Q2 24 | 28.5% | -39.2% | ||
| Q1 24 | 28.1% | -97.6% |
| Q4 25 | 0.1% | 1.3% | ||
| Q3 25 | 0.4% | 1.7% | ||
| Q2 25 | 0.0% | 0.9% | ||
| Q1 25 | 0.1% | 0.4% | ||
| Q4 24 | 3.0% | 2.2% | ||
| Q3 24 | 0.0% | 2.2% | ||
| Q2 24 | 0.0% | 6.1% | ||
| Q1 24 | 2.0% | 3.4% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BGSF
| Contract Field Talent | $21.4M | 97% |
| Other | $595.0K | 3% |
FTCI
| Products | $26.2M | 80% |
| Services | $6.7M | 20% |
