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Side-by-side financial comparison of FTC Solar, Inc. (FTCI) and Silvercrest Asset Management Group Inc. (SAMG). Click either name above to swap in a different company.
FTC Solar, Inc. is the larger business by last-quarter revenue ($32.9M vs $32.0M, roughly 1.0× Silvercrest Asset Management Group Inc.). Silvercrest Asset Management Group Inc. runs the higher net margin — -0.4% vs -110.7%, a 110.4% gap on every dollar of revenue. On growth, FTC Solar, Inc. posted the faster year-over-year revenue change (148.9% vs -0.0%). Silvercrest Asset Management Group Inc. produced more free cash flow last quarter ($15.0M vs $-8.4M). Over the past eight quarters, FTC Solar, Inc.'s revenue compounded faster (61.6% CAGR vs 2.7%).
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.
FTCI vs SAMG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $32.9M | $32.0M |
| Net Profit | $-36.4M | $-120.0K |
| Gross Margin | 14.9% | — |
| Operating Margin | -17.2% | -2.8% |
| Net Margin | -110.7% | -0.4% |
| Revenue YoY | 148.9% | -0.0% |
| Net Profit YoY | -197.4% | -107.4% |
| EPS (diluted) | $-2.31 | $0.02 |
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 | $32.0M | ||
| Q3 25 | $26.0M | $31.3M | ||
| Q2 25 | $20.0M | $30.7M | ||
| Q1 25 | $20.8M | $31.4M | ||
| Q4 24 | $13.2M | $32.0M | ||
| Q3 24 | $10.1M | $30.4M | ||
| Q2 24 | $11.4M | $31.0M | ||
| Q1 24 | $12.6M | $30.3M |
| Q4 25 | $-36.4M | $-120.0K | ||
| Q3 25 | $-23.9M | $618.0K | ||
| Q2 25 | $-15.4M | $1.9M | ||
| Q1 25 | $-3.8M | $2.5M | ||
| Q4 24 | $-12.2M | $1.6M | ||
| Q3 24 | $-15.4M | $2.3M | ||
| Q2 24 | $-12.2M | $2.7M | ||
| Q1 24 | $-8.8M | $3.0M |
| 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% | -2.8% | ||
| Q3 25 | -29.6% | 4.3% | ||
| Q2 25 | -57.5% | 13.2% | ||
| Q1 25 | -50.8% | 15.4% | ||
| Q4 24 | -101.7% | 6.1% | ||
| Q3 24 | -147.8% | 14.6% | ||
| Q2 24 | -104.3% | 17.1% | ||
| Q1 24 | -99.3% | 19.5% |
| Q4 25 | -110.7% | -0.4% | ||
| Q3 25 | -92.0% | 2.0% | ||
| Q2 25 | -77.2% | 6.3% | ||
| Q1 25 | -18.4% | 7.9% | ||
| Q4 24 | -92.7% | 5.1% | ||
| Q3 24 | -151.5% | 7.4% | ||
| Q2 24 | -107.1% | 8.6% | ||
| Q1 24 | -69.7% | 9.9% |
| Q4 25 | $-2.31 | $0.02 | ||
| Q3 25 | $-1.61 | $0.07 | ||
| Q2 25 | $-1.18 | $0.21 | ||
| Q1 25 | $-0.58 | $0.26 | ||
| Q4 24 | $-0.95 | $0.16 | ||
| Q3 24 | $-1.21 | $0.24 | ||
| Q2 24 | $-0.97 | $0.28 | ||
| Q1 24 | $-0.70 | $0.32 |
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 | $44.1M |
| Total DebtLower is stronger | $9.9M | — |
| Stockholders' EquityBook value | $-43.0M | $50.3M |
| Total Assets | $111.8M | $166.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $21.1M | $44.1M | ||
| Q3 25 | $24.4M | $36.1M | ||
| Q2 25 | $3.5M | $30.0M | ||
| Q1 25 | $5.9M | $36.3M | ||
| Q4 24 | $11.2M | $68.6M | ||
| Q3 24 | $8.3M | $58.1M | ||
| Q2 24 | $10.8M | $49.9M | ||
| Q1 24 | $14.0M | $39.7M |
| 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 | $50.3M | ||
| Q3 25 | $-13.7M | $58.9M | ||
| Q2 25 | $9.0M | $64.6M | ||
| Q1 25 | $15.5M | $80.0M | ||
| Q4 24 | $19.0M | $80.7M | ||
| Q3 24 | $30.4M | $84.6M | ||
| Q2 24 | $44.2M | $85.3M | ||
| Q1 24 | $55.2M | $83.9M |
| Q4 25 | $111.8M | $166.6M | ||
| Q3 25 | $111.5M | $157.6M | ||
| Q2 25 | $83.0M | $152.7M | ||
| Q1 25 | $84.1M | $159.9M | ||
| Q4 24 | $89.9M | $194.4M | ||
| Q3 24 | $91.7M | $184.2M | ||
| Q2 24 | $100.3M | $177.6M | ||
| Q1 24 | $115.0M | $170.2M |
| 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 | $18.6M |
| Free Cash FlowOCF − Capex | $-8.4M | $15.0M |
| FCF MarginFCF / Revenue | -25.7% | 46.9% |
| Capex IntensityCapex / Revenue | 1.3% | 11.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-34.6M | $17.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-8.0M | $18.6M | ||
| Q3 25 | $-14.6M | $14.6M | ||
| Q2 25 | $-2.3M | $13.8M | ||
| Q1 25 | $-8.5M | $-24.7M | ||
| Q4 24 | $-16.7M | $21.6M | ||
| Q3 24 | $-2.4M | $13.3M | ||
| Q2 24 | $-3.8M | $16.0M | ||
| Q1 24 | $-11.9M | $-24.1M |
| Q4 25 | $-8.4M | $15.0M | ||
| Q3 25 | $-15.1M | $13.8M | ||
| Q2 25 | $-2.5M | $13.4M | ||
| Q1 25 | $-8.6M | $-25.1M | ||
| Q4 24 | $-17.0M | $19.9M | ||
| Q3 24 | $-2.6M | $12.9M | ||
| Q2 24 | $-4.5M | $15.6M | ||
| Q1 24 | $-12.3M | $-24.7M |
| Q4 25 | -25.7% | 46.9% | ||
| Q3 25 | -57.9% | 44.1% | ||
| Q2 25 | -12.4% | 43.6% | ||
| Q1 25 | -41.2% | -80.0% | ||
| Q4 24 | -128.6% | 62.2% | ||
| Q3 24 | -25.6% | 42.4% | ||
| Q2 24 | -39.2% | 50.4% | ||
| Q1 24 | -97.6% | -81.6% |
| Q4 25 | 1.3% | 11.4% | ||
| Q3 25 | 1.7% | 2.6% | ||
| Q2 25 | 0.9% | 1.5% | ||
| Q1 25 | 0.4% | 1.3% | ||
| Q4 24 | 2.2% | 5.3% | ||
| Q3 24 | 2.2% | 1.2% | ||
| Q2 24 | 6.1% | 1.1% | ||
| Q1 24 | 3.4% | 2.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | 23.62× | ||
| Q2 25 | — | 7.22× | ||
| Q1 25 | — | -10.01× | ||
| Q4 24 | — | 13.34× | ||
| Q3 24 | — | 5.90× | ||
| Q2 24 | — | 6.00× | ||
| Q1 24 | — | -8.03× |
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% |
SAMG
| Investment Advisory Management And Administrative Service | $30.7M | 96% |
| Tax And Family Office Services | $1.2M | 4% |
