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Side-by-side financial comparison of FTC Solar, Inc. (FTCI) and Orchid Island Capital, Inc. (ORC). Click either name above to swap in a different company.
Orchid Island Capital, Inc. is the larger business by last-quarter revenue ($38.5M vs $32.9M, roughly 1.2× FTC Solar, Inc.). Orchid Island Capital, Inc. runs the higher net margin — 268.7% vs -110.7%, a 379.5% gap on every dollar of revenue. On growth, Orchid Island Capital, Inc. posted the faster year-over-year revenue change (372.6% vs 148.9%). Over the past eight quarters, Orchid Island Capital, Inc.'s revenue compounded faster (301.6% CAGR vs 61.6%).
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.
Orchid Island Capital, Inc. is a U.S.-based specialty finance company operating as a real estate investment trust. It primarily invests in residential mortgage-backed securities, including agency and non-agency products, targeting consistent risk-adjusted returns for its investors across U.S. fixed income markets.
FTCI vs ORC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $32.9M | $38.5M |
| Net Profit | $-36.4M | $103.4M |
| Gross Margin | 14.9% | — |
| Operating Margin | -17.2% | — |
| Net Margin | -110.7% | 268.7% |
| Revenue YoY | 148.9% | 372.6% |
| Net Profit YoY | -197.4% | 1764.9% |
| 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.
| Q4 25 | $32.9M | $38.5M | ||
| Q3 25 | $26.0M | $26.9M | ||
| Q2 25 | $20.0M | $23.2M | ||
| Q1 25 | $20.8M | $19.7M | ||
| Q4 24 | $13.2M | — | ||
| Q3 24 | $10.1M | $340.0K | ||
| Q2 24 | $11.4M | $-697.0K | ||
| Q1 24 | $12.6M | $-2.5M |
| Q4 25 | $-36.4M | $103.4M | ||
| Q3 25 | $-23.9M | $72.1M | ||
| Q2 25 | $-15.4M | $-33.6M | ||
| Q1 25 | $-3.8M | $17.1M | ||
| Q4 24 | $-12.2M | — | ||
| Q3 24 | $-15.4M | $17.3M | ||
| Q2 24 | $-12.2M | $-5.0M | ||
| Q1 24 | $-8.8M | $19.8M |
| 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% | — | ||
| Q3 25 | -29.6% | — | ||
| Q2 25 | -57.5% | — | ||
| Q1 25 | -50.8% | — | ||
| Q4 24 | -101.7% | — | ||
| Q3 24 | -147.8% | — | ||
| Q2 24 | -104.3% | — | ||
| Q1 24 | -99.3% | — |
| Q4 25 | -110.7% | 268.7% | ||
| Q3 25 | -92.0% | 267.8% | ||
| Q2 25 | -77.2% | -145.0% | ||
| Q1 25 | -18.4% | 86.9% | ||
| Q4 24 | -92.7% | — | ||
| Q3 24 | -151.5% | 5094.1% | ||
| Q2 24 | -107.1% | 714.3% | ||
| Q1 24 | -69.7% | -794.2% |
| Q4 25 | $-2.31 | — | ||
| Q3 25 | $-1.61 | — | ||
| Q2 25 | $-1.18 | — | ||
| Q1 25 | $-0.58 | — | ||
| Q4 24 | $-0.95 | — | ||
| Q3 24 | $-1.21 | — | ||
| Q2 24 | $-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 | $665.9M |
| Total DebtLower is stronger | $9.9M | — |
| Stockholders' EquityBook value | $-43.0M | $1.4B |
| Total Assets | $111.8M | $11.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $21.1M | $665.9M | ||
| Q3 25 | $24.4M | $583.9M | ||
| Q2 25 | $3.5M | $440.8M | ||
| Q1 25 | $5.9M | $396.4M | ||
| Q4 24 | $11.2M | — | ||
| Q3 24 | $8.3M | $322.1M | ||
| Q2 24 | $10.8M | $241.0M | ||
| Q1 24 | $14.0M | $190.4M |
| 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 | $-43.0M | $1.4B | ||
| Q3 25 | $-13.7M | $1.1B | ||
| Q2 25 | $9.0M | $912.0M | ||
| Q1 25 | $15.5M | $855.9M | ||
| Q4 24 | $19.0M | — | ||
| Q3 24 | $30.4M | $656.0M | ||
| Q2 24 | $44.2M | $555.9M | ||
| Q1 24 | $55.2M | $481.6M |
| Q4 25 | $111.8M | $11.7B | ||
| Q3 25 | $111.5M | $9.1B | ||
| Q2 25 | $83.0M | $7.6B | ||
| Q1 25 | $84.1M | $7.3B | ||
| Q4 24 | $89.9M | — | ||
| Q3 24 | $91.7M | $5.9B | ||
| Q2 24 | $100.3M | $4.9B | ||
| Q1 24 | $115.0M | $4.2B |
| 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 | $-8.0M | $120.4M |
| Free Cash FlowOCF − Capex | $-8.4M | — |
| FCF MarginFCF / Revenue | -25.7% | — |
| Capex IntensityCapex / Revenue | 1.3% | — |
| Cash ConversionOCF / Net Profit | — | 1.16× |
| TTM Free Cash FlowTrailing 4 quarters | $-34.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-8.0M | $120.4M | ||
| Q3 25 | $-14.6M | $28.0M | ||
| Q2 25 | $-2.3M | $18.4M | ||
| Q1 25 | $-8.5M | $25.8M | ||
| Q4 24 | $-16.7M | — | ||
| Q3 24 | $-2.4M | $-14.8M | ||
| Q2 24 | $-3.8M | $19.3M | ||
| Q1 24 | $-11.9M | $45.0M |
| Q4 25 | $-8.4M | — | ||
| Q3 25 | $-15.1M | — | ||
| Q2 25 | $-2.5M | — | ||
| Q1 25 | $-8.6M | — | ||
| Q4 24 | $-17.0M | — | ||
| Q3 24 | $-2.6M | — | ||
| Q2 24 | $-4.5M | — | ||
| Q1 24 | $-12.3M | — |
| Q4 25 | -25.7% | — | ||
| Q3 25 | -57.9% | — | ||
| Q2 25 | -12.4% | — | ||
| Q1 25 | -41.2% | — | ||
| Q4 24 | -128.6% | — | ||
| Q3 24 | -25.6% | — | ||
| Q2 24 | -39.2% | — | ||
| Q1 24 | -97.6% | — |
| Q4 25 | 1.3% | — | ||
| Q3 25 | 1.7% | — | ||
| Q2 25 | 0.9% | — | ||
| Q1 25 | 0.4% | — | ||
| Q4 24 | 2.2% | — | ||
| Q3 24 | 2.2% | — | ||
| Q2 24 | 6.1% | — | ||
| Q1 24 | 3.4% | — |
| Q4 25 | — | 1.16× | ||
| Q3 25 | — | 0.39× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 1.51× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -0.86× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 2.28× |
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% |
ORC
Segment breakdown not available.
