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Side-by-side financial comparison of FTC Solar, Inc. (FTCI) and SIFCO INDUSTRIES INC (SIF). Click either name above to swap in a different company.
FTC Solar, Inc. is the larger business by last-quarter revenue ($32.9M vs $24.0M, roughly 1.4× SIFCO INDUSTRIES INC). SIFCO INDUSTRIES INC runs the higher net margin — 7.5% vs -110.7%, a 118.2% gap on every dollar of revenue. On growth, FTC Solar, Inc. posted the faster year-over-year revenue change (148.9% vs 14.8%). SIFCO INDUSTRIES INC produced more free cash flow last quarter ($8.0M vs $-8.4M). Over the past eight quarters, FTC Solar, Inc.'s revenue compounded faster (61.6% CAGR vs 8.1%).
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.
SIFCO Industries, Inc. (SIFCO), is a global metal component manufacturer based in Cleveland, Ohio.
FTCI vs SIF — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $32.9M | $24.0M |
| Net Profit | $-36.4M | $1.8M |
| Gross Margin | 14.9% | 21.6% |
| Operating Margin | -17.2% | 10.7% |
| Net Margin | -110.7% | 7.5% |
| Revenue YoY | 148.9% | 14.8% |
| Net Profit YoY | -197.4% | 177.3% |
| EPS (diluted) | $-2.31 | $0.29 |
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 | $24.0M | ||
| Q3 25 | $26.0M | $22.8M | ||
| Q2 25 | $20.0M | $22.1M | ||
| Q1 25 | $20.8M | $19.0M | ||
| Q4 24 | $13.2M | $20.9M | ||
| Q3 24 | $10.1M | $21.7M | ||
| Q2 24 | $11.4M | $22.0M | ||
| Q1 24 | $12.6M | $20.5M |
| Q4 25 | $-36.4M | $1.8M | ||
| Q3 25 | $-23.9M | $-429.0K | ||
| Q2 25 | $-15.4M | $3.4M | ||
| Q1 25 | $-3.8M | $-1.4M | ||
| Q4 24 | $-12.2M | $-2.3M | ||
| Q3 24 | $-15.4M | $-443.0K | ||
| Q2 24 | $-12.2M | $72.0K | ||
| Q1 24 | $-8.8M | $-1.6M |
| Q4 25 | 14.9% | 21.6% | ||
| Q3 25 | 6.1% | 9.6% | ||
| Q2 25 | -19.6% | 26.7% | ||
| Q1 25 | -16.6% | 8.3% | ||
| Q4 24 | -29.1% | 4.4% | ||
| Q3 24 | -42.5% | 10.7% | ||
| Q2 24 | -20.5% | 12.3% | ||
| Q1 24 | -16.7% | 7.3% |
| Q4 25 | -17.2% | 10.7% | ||
| Q3 25 | -29.6% | -1.7% | ||
| Q2 25 | -57.5% | 14.8% | ||
| Q1 25 | -50.8% | -4.1% | ||
| Q4 24 | -101.7% | -9.2% | ||
| Q3 24 | -147.8% | -1.5% | ||
| Q2 24 | -104.3% | 0.7% | ||
| Q1 24 | -99.3% | -6.5% |
| Q4 25 | -110.7% | 7.5% | ||
| Q3 25 | -92.0% | -1.9% | ||
| Q2 25 | -77.2% | 15.4% | ||
| Q1 25 | -18.4% | -7.3% | ||
| Q4 24 | -92.7% | -11.1% | ||
| Q3 24 | -151.5% | -2.0% | ||
| Q2 24 | -107.1% | 0.3% | ||
| Q1 24 | -69.7% | -7.8% |
| Q4 25 | $-2.31 | $0.29 | ||
| Q3 25 | $-1.61 | $-0.07 | ||
| Q2 25 | $-1.18 | $0.56 | ||
| Q1 25 | $-0.58 | $-0.23 | ||
| Q4 24 | $-0.95 | $-0.38 | ||
| Q3 24 | $-1.21 | $-0.07 | ||
| Q2 24 | $-0.97 | $0.01 | ||
| Q1 24 | $-0.70 | $-0.27 |
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 | $1.1M |
| Total DebtLower is stronger | $9.9M | $39.0K |
| Stockholders' EquityBook value | $-43.0M | $38.7M |
| Total Assets | $111.8M | $74.9M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $21.1M | $1.1M | ||
| Q3 25 | $24.4M | $491.0K | ||
| Q2 25 | $3.5M | $2.0M | ||
| Q1 25 | $5.9M | $1.9M | ||
| Q4 24 | $11.2M | $3.1M | ||
| Q3 24 | $8.3M | $1.7M | ||
| Q2 24 | $10.8M | $3.4M | ||
| Q1 24 | $14.0M | $2.5M |
| Q4 25 | $9.9M | $39.0K | ||
| Q3 25 | $16.6M | $51.0K | ||
| Q2 25 | $10.9M | — | ||
| Q1 25 | $10.2M | — | ||
| Q4 24 | $9.5M | — | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $3.6M | ||
| Q1 24 | — | $4.1M |
| Q4 25 | $-43.0M | $38.7M | ||
| Q3 25 | $-13.7M | $36.9M | ||
| Q2 25 | $9.0M | $35.8M | ||
| Q1 25 | $15.5M | $32.4M | ||
| Q4 24 | $19.0M | $33.7M | ||
| Q3 24 | $30.4M | $30.4M | ||
| Q2 24 | $44.2M | $29.8M | ||
| Q1 24 | $55.2M | $29.7M |
| Q4 25 | $111.8M | $74.9M | ||
| Q3 25 | $111.5M | $73.4M | ||
| Q2 25 | $83.0M | $77.3M | ||
| Q1 25 | $84.1M | $78.8M | ||
| Q4 24 | $89.9M | $81.0M | ||
| Q3 24 | $91.7M | $104.6M | ||
| Q2 24 | $100.3M | $106.3M | ||
| Q1 24 | $115.0M | $104.2M |
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | 1.20× | — | ||
| Q1 25 | 0.65× | — | ||
| Q4 24 | 0.50× | — | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.12× | ||
| Q1 24 | — | 0.14× |
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 | $8.1M |
| Free Cash FlowOCF − Capex | $-8.4M | $8.0M |
| FCF MarginFCF / Revenue | -25.7% | 33.3% |
| Capex IntensityCapex / Revenue | 1.3% | 0.4% |
| Cash ConversionOCF / Net Profit | — | 4.51× |
| TTM Free Cash FlowTrailing 4 quarters | $-34.6M | $11.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-8.0M | $8.1M | ||
| Q3 25 | $-14.6M | $726.0K | ||
| Q2 25 | $-2.3M | $371.0K | ||
| Q1 25 | $-8.5M | $2.8M | ||
| Q4 24 | $-16.7M | $-3.8M | ||
| Q3 24 | $-2.4M | $857.0K | ||
| Q2 24 | $-3.8M | $382.0K | ||
| Q1 24 | $-11.9M | $-3.2M |
| Q4 25 | $-8.4M | $8.0M | ||
| Q3 25 | $-15.1M | $566.0K | ||
| Q2 25 | $-2.5M | $310.0K | ||
| Q1 25 | $-8.6M | $2.7M | ||
| Q4 24 | $-17.0M | $-3.9M | ||
| Q3 24 | $-2.6M | $580.0K | ||
| Q2 24 | $-4.5M | $-175.0K | ||
| Q1 24 | $-12.3M | $-3.9M |
| Q4 25 | -25.7% | 33.3% | ||
| Q3 25 | -57.9% | 2.5% | ||
| Q2 25 | -12.4% | 1.4% | ||
| Q1 25 | -41.2% | 14.1% | ||
| Q4 24 | -128.6% | -18.8% | ||
| Q3 24 | -25.6% | 2.7% | ||
| Q2 24 | -39.2% | -0.8% | ||
| Q1 24 | -97.6% | -18.9% |
| Q4 25 | 1.3% | 0.4% | ||
| Q3 25 | 1.7% | 0.7% | ||
| Q2 25 | 0.9% | 0.3% | ||
| Q1 25 | 0.4% | 0.8% | ||
| Q4 24 | 2.2% | 0.5% | ||
| Q3 24 | 2.2% | 1.3% | ||
| Q2 24 | 6.1% | 2.5% | ||
| Q1 24 | 3.4% | 3.3% |
| Q4 25 | — | 4.51× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.11× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 5.31× | ||
| Q1 24 | — | — |
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% |
SIF
| Fixed Wing Aircraft Revenue | $10.5M | 44% |
| Commercial Revenue | $8.7M | 36% |
| Commercial Product And Other Revenue | $2.8M | 12% |
| Commercial Space | $1.1M | 5% |
| Other | $840.0K | 4% |
