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Side-by-side financial comparison of FutureFuel Corp. (FF) 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 $19.8M, roughly 1.7× FutureFuel Corp.). FutureFuel Corp. runs the higher net margin — -60.5% vs -110.7%, a 50.2% gap on every dollar of revenue. On growth, FTC Solar, Inc. posted the faster year-over-year revenue change (148.9% vs -67.7%). FTC Solar, Inc. produced more free cash flow last quarter ($-8.4M vs $-29.9M). Over the past eight quarters, FTC Solar, Inc.'s revenue compounded faster (61.6% CAGR vs -41.7%).
FutureFuel Corporation is a developer and producer of chemicals and biofuels. It is listed on the New York Stock Exchange, with symbol FF.
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.
FF vs FTCI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $19.8M | $32.9M |
| Net Profit | $-12.0M | $-36.4M |
| Gross Margin | -46.7% | 14.9% |
| Operating Margin | -62.9% | -17.2% |
| Net Margin | -60.5% | -110.7% |
| Revenue YoY | -67.7% | 148.9% |
| Net Profit YoY | -529.4% | -197.4% |
| EPS (diluted) | $-0.28 | $-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 | $19.8M | $32.9M | ||
| Q3 25 | $22.7M | $26.0M | ||
| Q2 25 | $35.7M | $20.0M | ||
| Q1 25 | $17.5M | $20.8M | ||
| Q4 24 | $61.5M | $13.2M | ||
| Q3 24 | $51.1M | $10.1M | ||
| Q2 24 | $72.4M | $11.4M | ||
| Q1 24 | $58.3M | $12.6M |
| Q4 25 | $-12.0M | $-36.4M | ||
| Q3 25 | $-9.3M | $-23.9M | ||
| Q2 25 | $-10.4M | $-15.4M | ||
| Q1 25 | $-17.6M | $-3.8M | ||
| Q4 24 | $2.8M | $-12.2M | ||
| Q3 24 | $-1.2M | $-15.4M | ||
| Q2 24 | $9.6M | $-12.2M | ||
| Q1 24 | $4.3M | $-8.8M |
| Q4 25 | -46.7% | 14.9% | ||
| Q3 25 | -30.1% | 6.1% | ||
| Q2 25 | -24.6% | -19.6% | ||
| Q1 25 | -83.0% | -16.6% | ||
| Q4 24 | 9.1% | -29.1% | ||
| Q3 24 | 0.7% | -42.5% | ||
| Q2 24 | 12.0% | -20.5% | ||
| Q1 24 | 8.6% | -16.7% |
| Q4 25 | -62.9% | -17.2% | ||
| Q3 25 | -42.9% | -29.6% | ||
| Q2 25 | -33.4% | -57.5% | ||
| Q1 25 | -107.4% | -50.8% | ||
| Q4 24 | 2.6% | -101.7% | ||
| Q3 24 | -5.6% | -147.8% | ||
| Q2 24 | 7.5% | -104.3% | ||
| Q1 24 | 3.8% | -99.3% |
| Q4 25 | -60.5% | -110.7% | ||
| Q3 25 | -41.1% | -92.0% | ||
| Q2 25 | -29.2% | -77.2% | ||
| Q1 25 | -100.6% | -18.4% | ||
| Q4 24 | 4.5% | -92.7% | ||
| Q3 24 | -2.3% | -151.5% | ||
| Q2 24 | 13.2% | -107.1% | ||
| Q1 24 | 7.4% | -69.7% |
| Q4 25 | $-0.28 | $-2.31 | ||
| Q3 25 | $-0.21 | $-1.61 | ||
| Q2 25 | $-0.24 | $-1.18 | ||
| Q1 25 | $-0.40 | $-0.58 | ||
| Q4 24 | $0.06 | $-0.95 | ||
| Q3 24 | $-0.03 | $-1.21 | ||
| Q2 24 | $0.22 | $-0.97 | ||
| Q1 24 | $0.10 | $-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 | $51.3M | $21.1M |
| Total DebtLower is stronger | — | $9.9M |
| Stockholders' EquityBook value | $154.7M | $-43.0M |
| Total Assets | $192.2M | $111.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $51.3M | $21.1M | ||
| Q3 25 | $85.6M | $24.4M | ||
| Q2 25 | $95.2M | $3.5M | ||
| Q1 25 | $97.1M | $5.9M | ||
| Q4 24 | $109.5M | $11.2M | ||
| Q3 24 | $133.4M | $8.3M | ||
| Q2 24 | $115.1M | $10.8M | ||
| Q1 24 | $201.1M | $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 | $154.7M | $-43.0M | ||
| Q3 25 | $169.1M | $-13.7M | ||
| Q2 25 | $178.2M | $9.0M | ||
| Q1 25 | $188.4M | $15.5M | ||
| Q4 24 | $205.8M | $19.0M | ||
| Q3 24 | $213.3M | $30.4M | ||
| Q2 24 | $214.4M | $44.2M | ||
| Q1 24 | $204.8M | $55.2M |
| Q4 25 | $192.2M | $111.8M | ||
| Q3 25 | $203.5M | $111.5M | ||
| Q2 25 | $218.2M | $83.0M | ||
| Q1 25 | $227.7M | $84.1M | ||
| Q4 24 | $247.7M | $89.9M | ||
| Q3 24 | $256.5M | $91.7M | ||
| Q2 24 | $261.2M | $100.3M | ||
| Q1 24 | $365.4M | $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 | $-27.4M | $-8.0M |
| Free Cash FlowOCF − Capex | $-29.9M | $-8.4M |
| FCF MarginFCF / Revenue | -150.5% | -25.7% |
| Capex IntensityCapex / Revenue | 12.2% | 1.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-46.0M | $-34.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-27.4M | $-8.0M | ||
| Q3 25 | $-1.1M | $-14.6M | ||
| Q2 25 | $5.2M | $-2.3M | ||
| Q1 25 | $-5.4M | $-8.5M | ||
| Q4 24 | $-16.6M | $-16.7M | ||
| Q3 24 | $25.8M | $-2.4M | ||
| Q2 24 | $27.8M | $-3.8M | ||
| Q1 24 | $-12.2M | $-11.9M |
| Q4 25 | $-29.9M | $-8.4M | ||
| Q3 25 | $-6.5M | $-15.1M | ||
| Q2 25 | $-263.0K | $-2.5M | ||
| Q1 25 | $-9.4M | $-8.6M | ||
| Q4 24 | $-20.7M | $-17.0M | ||
| Q3 24 | $20.5M | $-2.6M | ||
| Q2 24 | $24.8M | $-4.5M | ||
| Q1 24 | $-14.5M | $-12.3M |
| Q4 25 | -150.5% | -25.7% | ||
| Q3 25 | -28.5% | -57.9% | ||
| Q2 25 | -0.7% | -12.4% | ||
| Q1 25 | -53.6% | -41.2% | ||
| Q4 24 | -33.6% | -128.6% | ||
| Q3 24 | 40.1% | -25.6% | ||
| Q2 24 | 34.3% | -39.2% | ||
| Q1 24 | -24.9% | -97.6% |
| Q4 25 | 12.2% | 1.3% | ||
| Q3 25 | 23.5% | 1.7% | ||
| Q2 25 | 15.3% | 0.9% | ||
| Q1 25 | 22.8% | 0.4% | ||
| Q4 24 | 6.6% | 2.2% | ||
| Q3 24 | 10.4% | 2.2% | ||
| Q2 24 | 4.1% | 6.1% | ||
| Q1 24 | 3.9% | 3.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -5.94× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 2.90× | — | ||
| Q1 24 | -2.82× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FF
| Chemicals | $18.0M | 91% |
| Biofuels | $1.8M | 9% |
FTCI
| Products | $26.2M | 80% |
| Services | $6.7M | 20% |
