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Side-by-side financial comparison of FTC Solar, Inc. (FTCI) and Postal Realty Trust, Inc. (PSTL). Click either name above to swap in a different company.

FTC Solar, Inc. is the larger business by last-quarter revenue ($32.9M vs $26.0M, roughly 1.3× Postal Realty Trust, Inc.). Postal Realty Trust, Inc. runs the higher net margin — 17.9% vs -110.7%, a 128.6% gap on every dollar of revenue. On growth, FTC Solar, Inc. posted the faster year-over-year revenue change (148.9% vs 21.7%). Postal Realty Trust, Inc. produced more free cash flow last quarter ($37.6M vs $-8.4M). Over the past eight quarters, FTC Solar, Inc.'s revenue compounded faster (61.6% CAGR vs 22.6%).

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.

Postal Realty Trust, Inc. is a specialized real estate investment trust that acquires, owns, and manages properties primarily leased to the United States Postal Service. Its portfolio includes last-mile postal facilities, sorting centers, and retail post office locations across the U.S., supporting critical mail and package delivery infrastructure.

FTCI vs PSTL — Head-to-Head

Bigger by revenue
FTCI
FTCI
1.3× larger
FTCI
$32.9M
$26.0M
PSTL
Growing faster (revenue YoY)
FTCI
FTCI
+127.3% gap
FTCI
148.9%
21.7%
PSTL
Higher net margin
PSTL
PSTL
128.6% more per $
PSTL
17.9%
-110.7%
FTCI
More free cash flow
PSTL
PSTL
$46.0M more FCF
PSTL
$37.6M
$-8.4M
FTCI
Faster 2-yr revenue CAGR
FTCI
FTCI
Annualised
FTCI
61.6%
22.6%
PSTL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FTCI
FTCI
PSTL
PSTL
Revenue
$32.9M
$26.0M
Net Profit
$-36.4M
$4.6M
Gross Margin
14.9%
Operating Margin
-17.2%
39.2%
Net Margin
-110.7%
17.9%
Revenue YoY
148.9%
21.7%
Net Profit YoY
-197.4%
3.1%
EPS (diluted)
$-2.31
$0.16

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
PSTL
PSTL
Q4 25
$32.9M
$26.0M
Q3 25
$26.0M
$24.3M
Q2 25
$20.0M
$23.4M
Q1 25
$20.8M
$22.1M
Q4 24
$13.2M
$21.4M
Q3 24
$10.1M
$19.7M
Q2 24
$11.4M
$18.1M
Q1 24
$12.6M
$17.3M
Net Profit
FTCI
FTCI
PSTL
PSTL
Q4 25
$-36.4M
$4.6M
Q3 25
$-23.9M
$3.8M
Q2 25
$-15.4M
$3.6M
Q1 25
$-3.8M
$2.1M
Q4 24
$-12.2M
$4.5M
Q3 24
$-15.4M
$1.1M
Q2 24
$-12.2M
$817.0K
Q1 24
$-8.8M
$206.0K
Gross Margin
FTCI
FTCI
PSTL
PSTL
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
PSTL
PSTL
Q4 25
-17.2%
39.2%
Q3 25
-29.6%
37.6%
Q2 25
-57.5%
37.3%
Q1 25
-50.8%
28.4%
Q4 24
-101.7%
43.2%
Q3 24
-147.8%
24.3%
Q2 24
-104.3%
22.8%
Q1 24
-99.3%
17.6%
Net Margin
FTCI
FTCI
PSTL
PSTL
Q4 25
-110.7%
17.9%
Q3 25
-92.0%
15.7%
Q2 25
-77.2%
15.5%
Q1 25
-18.4%
9.4%
Q4 24
-92.7%
21.1%
Q3 24
-151.5%
5.4%
Q2 24
-107.1%
4.5%
Q1 24
-69.7%
1.2%
EPS (diluted)
FTCI
FTCI
PSTL
PSTL
Q4 25
$-2.31
$0.16
Q3 25
$-1.61
$0.13
Q2 25
$-1.18
$0.12
Q1 25
$-0.58
$0.06
Q4 24
$-0.95
$0.17
Q3 24
$-1.21
$0.03
Q2 24
$-0.97
$0.02
Q1 24
$-0.70
$-0.01

Balance Sheet & Financial Strength

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

Metric
FTCI
FTCI
PSTL
PSTL
Cash + ST InvestmentsLiquidity on hand
$21.1M
$1.5M
Total DebtLower is stronger
$9.9M
$361.1M
Stockholders' EquityBook value
$-43.0M
$285.2M
Total Assets
$111.8M
$759.1M
Debt / EquityLower = less leverage
1.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FTCI
FTCI
PSTL
PSTL
Q4 25
$21.1M
$1.5M
Q3 25
$24.4M
$1.9M
Q2 25
$3.5M
$1.1M
Q1 25
$5.9M
$639.0K
Q4 24
$11.2M
$1.8M
Q3 24
$8.3M
$970.0K
Q2 24
$10.8M
$1.7M
Q1 24
$14.0M
$1.9M
Total Debt
FTCI
FTCI
PSTL
PSTL
Q4 25
$9.9M
$361.1M
Q3 25
$16.6M
$347.0M
Q2 25
$10.9M
$328.8M
Q1 25
$10.2M
$306.7M
Q4 24
$9.5M
$296.7M
Q3 24
$277.0M
Q2 24
$273.7M
Q1 24
$247.6M
Stockholders' Equity
FTCI
FTCI
PSTL
PSTL
Q4 25
$-43.0M
$285.2M
Q3 25
$-13.7M
$273.9M
Q2 25
$9.0M
$250.8M
Q1 25
$15.5M
$245.5M
Q4 24
$19.0M
$251.3M
Q3 24
$30.4M
$245.6M
Q2 24
$44.2M
$245.5M
Q1 24
$55.2M
$248.1M
Total Assets
FTCI
FTCI
PSTL
PSTL
Q4 25
$111.8M
$759.1M
Q3 25
$111.5M
$735.2M
Q2 25
$83.0M
$689.8M
Q1 25
$84.1M
$654.0M
Q4 24
$89.9M
$646.8M
Q3 24
$91.7M
$615.1M
Q2 24
$100.3M
$608.2M
Q1 24
$115.0M
$584.1M
Debt / Equity
FTCI
FTCI
PSTL
PSTL
Q4 25
1.27×
Q3 25
1.27×
Q2 25
1.20×
1.31×
Q1 25
0.65×
1.25×
Q4 24
0.50×
1.18×
Q3 24
1.13×
Q2 24
1.11×
Q1 24
1.00×

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
PSTL
PSTL
Operating Cash FlowLast quarter
$-8.0M
$44.5M
Free Cash FlowOCF − Capex
$-8.4M
$37.6M
FCF MarginFCF / Revenue
-25.7%
144.5%
Capex IntensityCapex / Revenue
1.3%
26.7%
Cash ConversionOCF / Net Profit
9.59×
TTM Free Cash FlowTrailing 4 quarters
$-34.6M
$65.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FTCI
FTCI
PSTL
PSTL
Q4 25
$-8.0M
$44.5M
Q3 25
$-14.6M
$10.9M
Q2 25
$-2.3M
$11.4M
Q1 25
$-8.5M
$10.8M
Q4 24
$-16.7M
$33.5M
Q3 24
$-2.4M
$8.0M
Q2 24
$-3.8M
$9.9M
Q1 24
$-11.9M
$6.4M
Free Cash Flow
FTCI
FTCI
PSTL
PSTL
Q4 25
$-8.4M
$37.6M
Q3 25
$-15.1M
$8.8M
Q2 25
$-2.5M
$9.1M
Q1 25
$-8.6M
$10.2M
Q4 24
$-17.0M
$30.7M
Q3 24
$-2.6M
$7.4M
Q2 24
$-4.5M
$8.9M
Q1 24
$-12.3M
$5.8M
FCF Margin
FTCI
FTCI
PSTL
PSTL
Q4 25
-25.7%
144.5%
Q3 25
-57.9%
36.1%
Q2 25
-12.4%
38.8%
Q1 25
-41.2%
45.9%
Q4 24
-128.6%
143.8%
Q3 24
-25.6%
37.6%
Q2 24
-39.2%
49.4%
Q1 24
-97.6%
33.6%
Capex Intensity
FTCI
FTCI
PSTL
PSTL
Q4 25
1.3%
26.7%
Q3 25
1.7%
8.9%
Q2 25
0.9%
10.1%
Q1 25
0.4%
3.0%
Q4 24
2.2%
13.0%
Q3 24
2.2%
3.2%
Q2 24
6.1%
5.4%
Q1 24
3.4%
3.5%
Cash Conversion
FTCI
FTCI
PSTL
PSTL
Q4 25
9.59×
Q3 25
2.87×
Q2 25
3.16×
Q1 25
5.20×
Q4 24
7.44×
Q3 24
7.48×
Q2 24
12.10×
Q1 24
31.07×

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%

PSTL
PSTL

Segment breakdown not available.

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