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Side-by-side financial comparison of FTC Solar, Inc. (FTCI) and LCNB CORP (LCNB). Click either name above to swap in a different company.
FTC Solar, Inc. is the larger business by last-quarter revenue ($32.9M vs $23.9M, roughly 1.4× LCNB CORP). LCNB CORP runs the higher net margin — 23.7% vs -110.7%, a 134.4% gap on every dollar of revenue. On growth, FTC Solar, Inc. posted the faster year-over-year revenue change (148.9% vs 5.1%). LCNB CORP produced more free cash flow last quarter ($33.4M vs $-8.4M). Over the past eight quarters, FTC Solar, Inc.'s revenue compounded faster (61.6% CAGR vs 15.7%).
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.
LCNB Corp is a United States-based financial holding company that operates through its national bank subsidiary, providing a full suite of retail and commercial banking products and services including deposit accounts, various loan products, wealth management, and insurance solutions primarily to individual consumers, small and medium-sized enterprises and local community organizations across regional markets in Ohio.
FTCI vs LCNB — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $32.9M | $23.9M |
| Net Profit | $-36.4M | $5.7M |
| Gross Margin | 14.9% | — |
| Operating Margin | -17.2% | 29.2% |
| Net Margin | -110.7% | 23.7% |
| Revenue YoY | 148.9% | 5.1% |
| Net Profit YoY | -197.4% | -7.6% |
| EPS (diluted) | $-2.31 | $0.40 |
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 | $32.9M | $23.9M | ||
| Q3 25 | $26.0M | $23.8M | ||
| Q2 25 | $20.0M | $22.8M | ||
| Q1 25 | $20.8M | $21.5M | ||
| Q4 24 | $13.2M | $22.7M | ||
| Q3 24 | $10.1M | $21.4M | ||
| Q2 24 | $11.4M | $19.3M | ||
| Q1 24 | $12.6M | $17.8M |
| Q4 25 | $-36.4M | $5.7M | ||
| Q3 25 | $-23.9M | $6.9M | ||
| Q2 25 | $-15.4M | $5.9M | ||
| Q1 25 | $-3.8M | $4.6M | ||
| Q4 24 | $-12.2M | $6.1M | ||
| Q3 24 | $-15.4M | $4.5M | ||
| Q2 24 | $-12.2M | $925.0K | ||
| Q1 24 | $-8.8M | $1.9M |
| 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 24 | -16.7% | — |
| Q4 25 | -17.2% | 29.2% | ||
| Q3 25 | -29.6% | 35.6% | ||
| Q2 25 | -57.5% | 31.6% | ||
| Q1 25 | -50.8% | 25.6% | ||
| Q4 24 | -101.7% | 32.9% | ||
| Q3 24 | -147.8% | 24.9% | ||
| Q2 24 | -104.3% | 4.9% | ||
| Q1 24 | -99.3% | 12.5% |
| Q4 25 | -110.7% | 23.7% | ||
| Q3 25 | -92.0% | 29.1% | ||
| Q2 25 | -77.2% | 26.0% | ||
| Q1 25 | -18.4% | 21.4% | ||
| Q4 24 | -92.7% | 27.0% | ||
| Q3 24 | -151.5% | 21.2% | ||
| Q2 24 | -107.1% | 4.8% | ||
| Q1 24 | -69.7% | 10.7% |
| Q4 25 | $-2.31 | $0.40 | ||
| Q3 25 | $-1.61 | $0.49 | ||
| Q2 25 | $-1.18 | $0.41 | ||
| Q1 25 | $-0.58 | $0.33 | ||
| Q4 24 | $-0.95 | $0.44 | ||
| Q3 24 | $-1.21 | $0.31 | ||
| Q2 24 | $-0.97 | $0.07 | ||
| Q1 24 | $-0.70 | $0.15 |
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 | $21.6M |
| Total DebtLower is stronger | $9.9M | $104.4M |
| Stockholders' EquityBook value | $-43.0M | $273.9M |
| Total Assets | $111.8M | $2.2B |
| Debt / EquityLower = less leverage | — | 0.38× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $21.1M | $21.6M | ||
| Q3 25 | $24.4M | $35.9M | ||
| Q2 25 | $3.5M | $49.8M | ||
| Q1 25 | $5.9M | $37.7M | ||
| Q4 24 | $11.2M | $35.7M | ||
| Q3 24 | $8.3M | $39.4M | ||
| Q2 24 | $10.8M | $34.9M | ||
| Q1 24 | $14.0M | $33.0M |
| Q4 25 | $9.9M | $104.4M | ||
| Q3 25 | $16.6M | $104.7M | ||
| Q2 25 | $10.9M | $105.0M | ||
| Q1 25 | $10.2M | $104.6M | ||
| Q4 24 | $9.5M | $155.2M | ||
| Q3 24 | — | $155.7M | ||
| Q2 24 | — | $162.2M | ||
| Q1 24 | — | $162.6M |
| Q4 25 | $-43.0M | $273.9M | ||
| Q3 25 | $-13.7M | $269.9M | ||
| Q2 25 | $9.0M | $263.5M | ||
| Q1 25 | $15.5M | $258.7M | ||
| Q4 24 | $19.0M | $253.0M | ||
| Q3 24 | $30.4M | $253.2M | ||
| Q2 24 | $44.2M | $245.2M | ||
| Q1 24 | $55.2M | $233.7M |
| Q4 25 | $111.8M | $2.2B | ||
| Q3 25 | $111.5M | $2.2B | ||
| Q2 25 | $83.0M | $2.3B | ||
| Q1 25 | $84.1M | $2.3B | ||
| Q4 24 | $89.9M | $2.3B | ||
| Q3 24 | $91.7M | $2.3B | ||
| Q2 24 | $100.3M | $2.4B | ||
| Q1 24 | $115.0M | $2.3B |
| Q4 25 | — | 0.38× | ||
| Q3 25 | — | 0.39× | ||
| Q2 25 | 1.20× | 0.40× | ||
| Q1 25 | 0.65× | 0.40× | ||
| Q4 24 | 0.50× | 0.61× | ||
| Q3 24 | — | 0.61× | ||
| Q2 24 | — | 0.66× | ||
| Q1 24 | — | 0.70× |
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 | $34.4M |
| Free Cash FlowOCF − Capex | $-8.4M | $33.4M |
| FCF MarginFCF / Revenue | -25.7% | 140.2% |
| Capex IntensityCapex / Revenue | 1.3% | 4.0% |
| Cash ConversionOCF / Net Profit | — | 6.08× |
| TTM Free Cash FlowTrailing 4 quarters | $-34.6M | $54.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-8.0M | $34.4M | ||
| Q3 25 | $-14.6M | $14.0M | ||
| Q2 25 | $-2.3M | $5.5M | ||
| Q1 25 | $-8.5M | $2.2M | ||
| Q4 24 | $-16.7M | $93.2M | ||
| Q3 24 | $-2.4M | $11.9M | ||
| Q2 24 | $-3.8M | $54.9M | ||
| Q1 24 | $-11.9M | $-11.9M |
| Q4 25 | $-8.4M | $33.4M | ||
| Q3 25 | $-15.1M | $13.7M | ||
| Q2 25 | $-2.5M | $5.2M | ||
| Q1 25 | $-8.6M | $2.1M | ||
| Q4 24 | $-17.0M | $89.4M | ||
| Q3 24 | $-2.6M | $10.5M | ||
| Q2 24 | $-4.5M | $53.8M | ||
| Q1 24 | $-12.3M | $-12.8M |
| Q4 25 | -25.7% | 140.2% | ||
| Q3 25 | -57.9% | 57.4% | ||
| Q2 25 | -12.4% | 23.0% | ||
| Q1 25 | -41.2% | 10.0% | ||
| Q4 24 | -128.6% | 394.0% | ||
| Q3 24 | -25.6% | 49.0% | ||
| Q2 24 | -39.2% | 278.6% | ||
| Q1 24 | -97.6% | -71.8% |
| Q4 25 | 1.3% | 4.0% | ||
| Q3 25 | 1.7% | 1.3% | ||
| Q2 25 | 0.9% | 1.0% | ||
| Q1 25 | 0.4% | 0.3% | ||
| Q4 24 | 2.2% | 16.7% | ||
| Q3 24 | 2.2% | 6.7% | ||
| Q2 24 | 6.1% | 5.9% | ||
| Q1 24 | 3.4% | 4.8% |
| Q4 25 | — | 6.08× | ||
| Q3 25 | — | 2.02× | ||
| Q2 25 | — | 0.92× | ||
| Q1 25 | — | 0.48× | ||
| Q4 24 | — | 15.23× | ||
| Q3 24 | — | 2.63× | ||
| Q2 24 | — | 59.35× | ||
| Q1 24 | — | -6.24× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FTCI
| Products | $26.2M | 80% |
| Services | $6.7M | 20% |
LCNB
Segment breakdown not available.
