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Side-by-side financial comparison of FTC Solar, Inc. (FTCI) and Ponce Financial Group, Inc. (PDLB). Click either name above to swap in a different company.
FTC Solar, Inc. is the larger business by last-quarter revenue ($32.9M vs $31.4M, roughly 1.0× Ponce Financial Group, Inc.). Ponce Financial Group, Inc. runs the higher net margin — 36.3% vs -110.7%, a 147.0% gap on every dollar of revenue. On growth, FTC Solar, Inc. posted the faster year-over-year revenue change (148.9% vs 37.6%). Ponce Financial Group, Inc. produced more free cash flow last quarter ($54.6M vs $-8.4M). Over the past eight quarters, FTC Solar, Inc.'s revenue compounded faster (61.6% CAGR vs 23.7%).
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.
Ponce Financial Group, Inc. is a U.S.-based financial holding company operating Ponce Bank as its core subsidiary. It serves multicultural, immigrant and low-to-moderate income communities in the New York metro area, offering retail and commercial banking products including deposits, mortgages, small business financing and personal credit.
FTCI vs PDLB — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $32.9M | $31.4M |
| Net Profit | $-36.4M | $10.1M |
| Gross Margin | 14.9% | — |
| Operating Margin | -17.2% | 43.6% |
| Net Margin | -110.7% | 36.3% |
| Revenue YoY | 148.9% | 37.6% |
| Net Profit YoY | -197.4% | 245.6% |
| EPS (diluted) | $-2.31 | $0.43 |
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 | $31.4M | ||
| Q3 25 | $26.0M | $26.7M | ||
| Q2 25 | $20.0M | $26.5M | ||
| Q1 25 | $20.8M | $24.6M | ||
| Q4 24 | $13.2M | $22.8M | ||
| Q3 24 | $10.1M | $20.2M | ||
| Q2 24 | $11.4M | $20.2M | ||
| Q1 24 | $12.6M | $20.5M |
| Q4 25 | $-36.4M | $10.1M | ||
| Q3 25 | $-23.9M | $6.5M | ||
| Q2 25 | $-15.4M | $6.1M | ||
| Q1 25 | $-3.8M | $6.0M | ||
| Q4 24 | $-12.2M | $2.9M | ||
| Q3 24 | $-15.4M | $2.4M | ||
| Q2 24 | $-12.2M | $3.2M | ||
| Q1 24 | $-8.8M | $2.4M |
| 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% | 43.6% | ||
| Q3 25 | -29.6% | 32.8% | ||
| Q2 25 | -57.5% | 30.2% | ||
| Q1 25 | -50.8% | 32.5% | ||
| Q4 24 | -101.7% | 19.6% | ||
| Q3 24 | -147.8% | 15.2% | ||
| Q2 24 | -104.3% | 21.8% | ||
| Q1 24 | -99.3% | 18.3% |
| Q4 25 | -110.7% | 36.3% | ||
| Q3 25 | -92.0% | 24.3% | ||
| Q2 25 | -77.2% | 23.0% | ||
| Q1 25 | -18.4% | 24.2% | ||
| Q4 24 | -92.7% | 14.1% | ||
| Q3 24 | -151.5% | 12.1% | ||
| Q2 24 | -107.1% | 15.8% | ||
| Q1 24 | -69.7% | 11.8% |
| Q4 25 | $-2.31 | $0.43 | ||
| Q3 25 | $-1.61 | $0.27 | ||
| Q2 25 | $-1.18 | $0.25 | ||
| Q1 25 | $-0.58 | $0.25 | ||
| Q4 24 | $-0.95 | $0.11 | ||
| Q3 24 | $-1.21 | $0.10 | ||
| Q2 24 | $-0.97 | $0.14 | ||
| Q1 24 | $-0.70 | $0.11 |
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 | $126.2M |
| Total DebtLower is stronger | $9.9M | $596.1M |
| Stockholders' EquityBook value | $-43.0M | $541.5M |
| Total Assets | $111.8M | $3.2B |
| Debt / EquityLower = less leverage | — | 1.10× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $21.1M | $126.2M | ||
| Q3 25 | $24.4M | $146.6M | ||
| Q2 25 | $3.5M | $126.6M | ||
| Q1 25 | $5.9M | $129.9M | ||
| Q4 24 | $11.2M | $139.8M | ||
| Q3 24 | $8.3M | $155.8M | ||
| Q2 24 | $10.8M | $103.2M | ||
| Q1 24 | $14.0M | $134.7M |
| Q4 25 | $9.9M | $596.1M | ||
| Q3 25 | $16.6M | $521.1M | ||
| Q2 25 | $10.9M | $536.1M | ||
| Q1 25 | $10.2M | $521.1M | ||
| Q4 24 | $9.5M | $596.1M | ||
| Q3 24 | — | $580.4M | ||
| Q2 24 | — | $680.4M | ||
| Q1 24 | — | $680.4M |
| Q4 25 | $-43.0M | $541.5M | ||
| Q3 25 | $-13.7M | $529.8M | ||
| Q2 25 | $9.0M | $521.1M | ||
| Q1 25 | $15.5M | $513.9M | ||
| Q4 24 | $19.0M | $505.5M | ||
| Q3 24 | $30.4M | $504.6M | ||
| Q2 24 | $44.2M | $497.7M | ||
| Q1 24 | $55.2M | $493.7M |
| Q4 25 | $111.8M | $3.2B | ||
| Q3 25 | $111.5M | $3.2B | ||
| Q2 25 | $83.0M | $3.2B | ||
| Q1 25 | $84.1M | $3.1B | ||
| Q4 24 | $89.9M | $3.0B | ||
| Q3 24 | $91.7M | $3.0B | ||
| Q2 24 | $100.3M | $2.8B | ||
| Q1 24 | $115.0M | $2.8B |
| Q4 25 | — | 1.10× | ||
| Q3 25 | — | 0.98× | ||
| Q2 25 | 1.20× | 1.03× | ||
| Q1 25 | 0.65× | 1.01× | ||
| Q4 24 | 0.50× | 1.18× | ||
| Q3 24 | — | 1.15× | ||
| Q2 24 | — | 1.37× | ||
| Q1 24 | — | 1.38× |
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 | $55.6M |
| Free Cash FlowOCF − Capex | $-8.4M | $54.6M |
| FCF MarginFCF / Revenue | -25.7% | 173.9% |
| Capex IntensityCapex / Revenue | 1.3% | 3.1% |
| Cash ConversionOCF / Net Profit | — | 5.48× |
| TTM Free Cash FlowTrailing 4 quarters | $-34.6M | $74.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-8.0M | $55.6M | ||
| Q3 25 | $-14.6M | $1.4M | ||
| Q2 25 | $-2.3M | $6.2M | ||
| Q1 25 | $-8.5M | $13.1M | ||
| Q4 24 | $-16.7M | $7.2M | ||
| Q3 24 | $-2.4M | $-14.6M | ||
| Q2 24 | $-3.8M | $-2.6M | ||
| Q1 24 | $-11.9M | $1.5M |
| Q4 25 | $-8.4M | $54.6M | ||
| Q3 25 | $-15.1M | $786.0K | ||
| Q2 25 | $-2.5M | $5.9M | ||
| Q1 25 | $-8.6M | $12.9M | ||
| Q4 24 | $-17.0M | $4.5M | ||
| Q3 24 | $-2.6M | $-15.0M | ||
| Q2 24 | $-4.5M | $-2.6M | ||
| Q1 24 | $-12.3M | $-315.0K |
| Q4 25 | -25.7% | 173.9% | ||
| Q3 25 | -57.9% | 2.9% | ||
| Q2 25 | -12.4% | 22.4% | ||
| Q1 25 | -41.2% | 52.6% | ||
| Q4 24 | -128.6% | 19.7% | ||
| Q3 24 | -25.6% | -74.1% | ||
| Q2 24 | -39.2% | -13.0% | ||
| Q1 24 | -97.6% | -1.5% |
| Q4 25 | 1.3% | 3.1% | ||
| Q3 25 | 1.7% | 2.3% | ||
| Q2 25 | 0.9% | 1.0% | ||
| Q1 25 | 0.4% | 0.6% | ||
| Q4 24 | 2.2% | 11.9% | ||
| Q3 24 | 2.2% | 2.0% | ||
| Q2 24 | 6.1% | 0.3% | ||
| Q1 24 | 3.4% | 8.7% |
| Q4 25 | — | 5.48× | ||
| Q3 25 | — | 0.21× | ||
| Q2 25 | — | 1.01× | ||
| Q1 25 | — | 2.20× | ||
| Q4 24 | — | 2.46× | ||
| Q3 24 | — | -5.99× | ||
| Q2 24 | — | -0.80× | ||
| Q1 24 | — | 0.61× |
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% |
PDLB
Segment breakdown not available.
