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Side-by-side financial comparison of FTC Solar, Inc. (FTCI) and SMARTFINANCIAL INC. (SMBK). Click either name above to swap in a different company.
SMARTFINANCIAL INC. is the larger business by last-quarter revenue ($53.8M vs $32.9M, roughly 1.6× FTC Solar, Inc.). SMARTFINANCIAL INC. runs the higher net margin — 25.4% vs -110.7%, a 136.2% gap on every dollar of revenue. Over the past eight quarters, FTC Solar, Inc.'s revenue compounded faster (61.6% CAGR vs 15.4%).
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.
SmartFinancial Inc. is a U.S.-based bank holding company that operates its wholly owned subsidiary SmartBank. It offers a full range of retail and commercial banking products including deposit accounts, personal and business loans, mortgage services, and wealth management solutions, primarily serving individual customers and small-to-medium enterprises across the Southeastern United States.
FTCI vs SMBK — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $32.9M | $53.8M |
| Net Profit | $-36.4M | $13.7M |
| Gross Margin | 14.9% | — |
| Operating Margin | -17.2% | — |
| Net Margin | -110.7% | 25.4% |
| Revenue YoY | 148.9% | — |
| Net Profit YoY | -197.4% | 21.6% |
| EPS (diluted) | $-2.31 | $0.81 |
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.
| Q1 26 | — | $53.8M | ||
| Q4 25 | $32.9M | $53.3M | ||
| Q3 25 | $26.0M | $51.1M | ||
| Q2 25 | $20.0M | $49.2M | ||
| Q1 25 | $20.8M | $46.8M | ||
| Q4 24 | $13.2M | $46.8M | ||
| Q3 24 | $10.1M | $44.2M | ||
| Q2 24 | $11.4M | $40.4M |
| Q1 26 | — | $13.7M | ||
| Q4 25 | $-36.4M | $13.7M | ||
| Q3 25 | $-23.9M | $13.7M | ||
| Q2 25 | $-15.4M | $11.7M | ||
| Q1 25 | $-3.8M | $11.3M | ||
| Q4 24 | $-12.2M | $9.6M | ||
| Q3 24 | $-15.4M | $9.1M | ||
| Q2 24 | $-12.2M | $8.0M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | -17.2% | 31.3% | ||
| Q3 25 | -29.6% | 33.2% | ||
| Q2 25 | -57.5% | 29.0% | ||
| Q1 25 | -50.8% | 29.0% | ||
| Q4 24 | -101.7% | 26.5% | ||
| Q3 24 | -147.8% | 24.3% | ||
| Q2 24 | -104.3% | 25.6% |
| Q1 26 | — | 25.4% | ||
| Q4 25 | -110.7% | 25.7% | ||
| Q3 25 | -92.0% | 26.8% | ||
| Q2 25 | -77.2% | 23.8% | ||
| Q1 25 | -18.4% | 24.0% | ||
| Q4 24 | -92.7% | 20.6% | ||
| Q3 24 | -151.5% | 20.7% | ||
| Q2 24 | -107.1% | 19.8% |
| Q1 26 | — | $0.81 | ||
| Q4 25 | $-2.31 | $0.81 | ||
| Q3 25 | $-1.61 | $0.81 | ||
| Q2 25 | $-1.18 | $0.69 | ||
| Q1 25 | $-0.58 | $0.67 | ||
| Q4 24 | $-0.95 | $0.57 | ||
| Q3 24 | $-1.21 | $0.54 | ||
| Q2 24 | $-0.97 | $0.48 |
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 | $346.1M |
| Total DebtLower is stronger | $9.9M | — |
| Stockholders' EquityBook value | $-43.0M | $562.2M |
| Total Assets | $111.8M | $5.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $346.1M | ||
| Q4 25 | $21.1M | $464.4M | ||
| Q3 25 | $24.4M | $557.1M | ||
| Q2 25 | $3.5M | $365.1M | ||
| Q1 25 | $5.9M | $423.0M | ||
| Q4 24 | $11.2M | $387.6M | ||
| Q3 24 | $8.3M | $192.9M | ||
| Q2 24 | $10.8M | $342.8M |
| Q1 26 | — | — | ||
| Q4 25 | $9.9M | — | ||
| Q3 25 | $16.6M | $1.3M | ||
| Q2 25 | $10.9M | $7.0M | ||
| Q1 25 | $10.2M | $7.6M | ||
| Q4 24 | $9.5M | $8.1M | ||
| Q3 24 | — | $9.0M | ||
| Q2 24 | — | $12.7M |
| Q1 26 | — | $562.2M | ||
| Q4 25 | $-43.0M | $552.4M | ||
| Q3 25 | $-13.7M | $538.4M | ||
| Q2 25 | $9.0M | $519.0M | ||
| Q1 25 | $15.5M | $505.8M | ||
| Q4 24 | $19.0M | $491.3M | ||
| Q3 24 | $30.4M | $489.0M | ||
| Q2 24 | $44.2M | $472.5M |
| Q1 26 | — | $5.9B | ||
| Q4 25 | $111.8M | $5.9B | ||
| Q3 25 | $111.5M | $5.8B | ||
| Q2 25 | $83.0M | $5.5B | ||
| Q1 25 | $84.1M | $5.4B | ||
| Q4 24 | $89.9M | $5.3B | ||
| Q3 24 | $91.7M | $4.9B | ||
| Q2 24 | $100.3M | $4.9B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | 1.20× | 0.01× | ||
| Q1 25 | 0.65× | 0.02× | ||
| Q4 24 | 0.50× | 0.02× | ||
| Q3 24 | — | 0.02× | ||
| Q2 24 | — | 0.03× |
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 | — |
| Free Cash FlowOCF − Capex | $-8.4M | — |
| FCF MarginFCF / Revenue | -25.7% | — |
| Capex IntensityCapex / Revenue | 1.3% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-34.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-8.0M | $61.7M | ||
| Q3 25 | $-14.6M | $16.9M | ||
| Q2 25 | $-2.3M | $14.0M | ||
| Q1 25 | $-8.5M | $14.3M | ||
| Q4 24 | $-16.7M | $52.7M | ||
| Q3 24 | $-2.4M | $12.4M | ||
| Q2 24 | $-3.8M | $16.5M |
| Q1 26 | — | — | ||
| Q4 25 | $-8.4M | $59.3M | ||
| Q3 25 | $-15.1M | $16.6M | ||
| Q2 25 | $-2.5M | $13.2M | ||
| Q1 25 | $-8.6M | $13.4M | ||
| Q4 24 | $-17.0M | $46.3M | ||
| Q3 24 | $-2.6M | $11.3M | ||
| Q2 24 | $-4.5M | $15.4M |
| Q1 26 | — | — | ||
| Q4 25 | -25.7% | 111.3% | ||
| Q3 25 | -57.9% | 32.4% | ||
| Q2 25 | -12.4% | 26.9% | ||
| Q1 25 | -41.2% | 28.5% | ||
| Q4 24 | -128.6% | 98.9% | ||
| Q3 24 | -25.6% | 25.7% | ||
| Q2 24 | -39.2% | 38.2% |
| Q1 26 | — | — | ||
| Q4 25 | 1.3% | 4.5% | ||
| Q3 25 | 1.7% | 0.6% | ||
| Q2 25 | 0.9% | 1.6% | ||
| Q1 25 | 0.4% | 2.0% | ||
| Q4 24 | 2.2% | 13.7% | ||
| Q3 24 | 2.2% | 2.4% | ||
| Q2 24 | 6.1% | 2.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.50× | ||
| Q3 25 | — | 1.23× | ||
| Q2 25 | — | 1.20× | ||
| Q1 25 | — | 1.27× | ||
| Q4 24 | — | 5.47× | ||
| Q3 24 | — | 1.36× | ||
| Q2 24 | — | 2.07× |
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% |
SMBK
| Net Interest Income | $45.9M | 85% |
| Noninterest Income | $7.9M | 15% |
