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Side-by-side financial comparison of FTC Solar, Inc. (FTCI) and Orange County Bancorp, Inc. (OBT). Click either name above to swap in a different company.

Orange County Bancorp, Inc. is the larger business by last-quarter revenue ($33.0M vs $32.9M, roughly 1.0× FTC Solar, Inc.). Orange County Bancorp, Inc. runs the higher net margin — 37.6% vs -110.7%, a 148.4% gap on every dollar of revenue. On growth, FTC Solar, Inc. posted the faster year-over-year revenue change (148.9% vs 20.6%). Orange County Bancorp, Inc. produced more free cash flow last quarter ($41.3M vs $-8.4M). Over the past eight quarters, FTC Solar, Inc.'s revenue compounded faster (61.6% CAGR vs 14.3%).

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.

Orange County Bancorp, Inc. is a Delaware-registered bank holding company operating mainly in New York, U.S. It offers a full range of retail and commercial banking services, including deposit accounts, loans and wealth management solutions, serving individual consumers, small and mid-sized corporate clients in its regional footprint.

FTCI vs OBT — Head-to-Head

Bigger by revenue
OBT
OBT
1.0× larger
OBT
$33.0M
$32.9M
FTCI
Growing faster (revenue YoY)
FTCI
FTCI
+128.3% gap
FTCI
148.9%
20.6%
OBT
Higher net margin
OBT
OBT
148.4% more per $
OBT
37.6%
-110.7%
FTCI
More free cash flow
OBT
OBT
$49.8M more FCF
OBT
$41.3M
$-8.4M
FTCI
Faster 2-yr revenue CAGR
FTCI
FTCI
Annualised
FTCI
61.6%
14.3%
OBT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FTCI
FTCI
OBT
OBT
Revenue
$32.9M
$33.0M
Net Profit
$-36.4M
$12.4M
Gross Margin
14.9%
Operating Margin
-17.2%
41.4%
Net Margin
-110.7%
37.6%
Revenue YoY
148.9%
20.6%
Net Profit YoY
-197.4%
73.5%
EPS (diluted)
$-2.31
$0.94

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
FTCI
FTCI
OBT
OBT
Q4 25
$32.9M
$33.0M
Q3 25
$26.0M
$33.7M
Q2 25
$20.0M
$32.5M
Q1 25
$20.8M
$28.0M
Q4 24
$13.2M
$27.4M
Q3 24
$10.1M
$27.1M
Q2 24
$11.4M
$27.9M
Q1 24
$12.6M
$25.3M
Net Profit
FTCI
FTCI
OBT
OBT
Q4 25
$-36.4M
$12.4M
Q3 25
$-23.9M
$10.0M
Q2 25
$-15.4M
$10.5M
Q1 25
$-3.8M
$8.7M
Q4 24
$-12.2M
$7.2M
Q3 24
$-15.4M
$3.2M
Q2 24
$-12.2M
$8.2M
Q1 24
$-8.8M
$9.3M
Gross Margin
FTCI
FTCI
OBT
OBT
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%
Operating Margin
FTCI
FTCI
OBT
OBT
Q4 25
-17.2%
41.4%
Q3 25
-29.6%
38.6%
Q2 25
-57.5%
41.9%
Q1 25
-50.8%
40.3%
Q4 24
-101.7%
32.8%
Q3 24
-147.8%
14.8%
Q2 24
-104.3%
36.6%
Q1 24
-99.3%
45.9%
Net Margin
FTCI
FTCI
OBT
OBT
Q4 25
-110.7%
37.6%
Q3 25
-92.0%
29.7%
Q2 25
-77.2%
32.2%
Q1 25
-18.4%
31.1%
Q4 24
-92.7%
26.2%
Q3 24
-151.5%
11.8%
Q2 24
-107.1%
29.4%
Q1 24
-69.7%
36.7%
EPS (diluted)
FTCI
FTCI
OBT
OBT
Q4 25
$-2.31
$0.94
Q3 25
$-1.61
$0.75
Q2 25
$-1.18
$0.87
Q1 25
$-0.58
$0.77
Q4 24
$-0.95
$0.64
Q3 24
$-1.21
$0.28
Q2 24
$-0.97
$0.73
Q1 24
$-0.70
$0.82

Balance Sheet & Financial Strength

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

Metric
FTCI
FTCI
OBT
OBT
Cash + ST InvestmentsLiquidity on hand
$21.1M
Total DebtLower is stronger
$9.9M
Stockholders' EquityBook value
$-43.0M
$284.4M
Total Assets
$111.8M
$2.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FTCI
FTCI
OBT
OBT
Q4 25
$21.1M
Q3 25
$24.4M
Q2 25
$3.5M
Q1 25
$5.9M
Q4 24
$11.2M
Q3 24
$8.3M
Q2 24
$10.8M
Q1 24
$14.0M
Total Debt
FTCI
FTCI
OBT
OBT
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
FTCI
FTCI
OBT
OBT
Q4 25
$-43.0M
$284.4M
Q3 25
$-13.7M
$270.1M
Q2 25
$9.0M
$252.6M
Q1 25
$15.5M
$201.3M
Q4 24
$19.0M
$185.5M
Q3 24
$30.4M
$193.1M
Q2 24
$44.2M
$177.5M
Q1 24
$55.2M
$168.7M
Total Assets
FTCI
FTCI
OBT
OBT
Q4 25
$111.8M
$2.7B
Q3 25
$111.5M
$2.6B
Q2 25
$83.0M
$2.6B
Q1 25
$84.1M
$2.6B
Q4 24
$89.9M
$2.5B
Q3 24
$91.7M
$2.5B
Q2 24
$100.3M
$2.5B
Q1 24
$115.0M
$2.5B
Debt / Equity
FTCI
FTCI
OBT
OBT
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
FTCI
FTCI
OBT
OBT
Operating Cash FlowLast quarter
$-8.0M
$43.8M
Free Cash FlowOCF − Capex
$-8.4M
$41.3M
FCF MarginFCF / Revenue
-25.7%
125.1%
Capex IntensityCapex / Revenue
1.3%
7.6%
Cash ConversionOCF / Net Profit
3.53×
TTM Free Cash FlowTrailing 4 quarters
$-34.6M
$69.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FTCI
FTCI
OBT
OBT
Q4 25
$-8.0M
$43.8M
Q3 25
$-14.6M
$30.2M
Q2 25
$-2.3M
$-5.0M
Q1 25
$-8.5M
$4.8M
Q4 24
$-16.7M
$34.6M
Q3 24
$-2.4M
$10.2M
Q2 24
$-3.8M
$9.3M
Q1 24
$-11.9M
$2.3M
Free Cash Flow
FTCI
FTCI
OBT
OBT
Q4 25
$-8.4M
$41.3M
Q3 25
$-15.1M
$29.6M
Q2 25
$-2.5M
$-5.7M
Q1 25
$-8.6M
$4.3M
Q4 24
$-17.0M
$32.9M
Q3 24
$-2.6M
$10.0M
Q2 24
$-4.5M
$9.2M
Q1 24
$-12.3M
$2.0M
FCF Margin
FTCI
FTCI
OBT
OBT
Q4 25
-25.7%
125.1%
Q3 25
-57.9%
87.8%
Q2 25
-12.4%
-17.5%
Q1 25
-41.2%
15.5%
Q4 24
-128.6%
120.0%
Q3 24
-25.6%
36.7%
Q2 24
-39.2%
32.8%
Q1 24
-97.6%
7.9%
Capex Intensity
FTCI
FTCI
OBT
OBT
Q4 25
1.3%
7.6%
Q3 25
1.7%
1.8%
Q2 25
0.9%
2.3%
Q1 25
0.4%
1.8%
Q4 24
2.2%
6.3%
Q3 24
2.2%
1.1%
Q2 24
6.1%
0.4%
Q1 24
3.4%
1.0%
Cash Conversion
FTCI
FTCI
OBT
OBT
Q4 25
3.53×
Q3 25
3.01×
Q2 25
-0.47×
Q1 25
0.56×
Q4 24
4.83×
Q3 24
3.19×
Q2 24
1.13×
Q1 24
0.24×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FTCI
FTCI

Products$26.2M80%
Services$6.7M20%

OBT
OBT

Segment breakdown not available.

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