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FTC Solar, Inc.（FTCI）与REDWOOD TRUST INC（RWT）财务数据对比。点击上方公司名可切换其他公司
FTC Solar, Inc.的季度营收约是REDWOOD TRUST INC的1.3倍（$32.9M vs $25.9M），REDWOOD TRUST INC净利率更高（77.2% vs -110.7%，领先188.0%），FTC Solar, Inc.同比增速更快（148.9% vs -6.1%），过去两年FTC Solar, Inc.的营收复合增速更高（61.6% vs -41.0%）
FTC Solar是全球领先的太阳能跟踪系统供应商，主要研发、生产和销售太阳能跟踪支架、配套组件及相关软件解决方案，服务于公用事业级、工商业光伏项目领域，业务覆盖全球主要市场，助力客户提升光伏发电效率、降低项目成本。
Redwood Trust Inc是总部位于美国的专业房地产投资信托公司，主营住宅与商业抵押贷款、抵押贷款支持证券及房地产信贷类资产的投资管理，核心业务覆盖住宅抵押贷款发放、商业地产信贷和投资服务，客户以机构投资者和房地产市场参与者为主。
FTCI vs RWT — 直观对比
营收规模更大
FTCI
是对方的1.3倍
$25.9M
营收增速更快
FTCI
高出155.0%
-6.1%
净利率更高
RWT
高出188.0%
-110.7%
两年增速更快
FTCI
近两年复合增速
-41.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $32.9M | $25.9M |
| 净利润 | $-36.4M | $20.0M |
| 毛利率 | 14.9% | — |
| 营业利润率 | -17.2% | — |
| 净利率 | -110.7% | 77.2% |
| 营收同比 | 148.9% | -6.1% |
| 净利润同比 | -197.4% | 402.6% |
| 每股收益（稀释后） | $-2.31 | $0.11 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收FTCIRWT
| Q4 25 | $32.9M | $25.9M | ||
| Q3 25 | $26.0M | $15.0M | ||
| Q2 25 | $20.0M | $13.8M | ||
| Q1 25 | $20.8M | $27.9M | ||
| Q4 24 | $13.2M | $27.6M | ||
| Q3 24 | $10.1M | $25.5M | ||
| Q2 24 | $11.4M | $67.4M | ||
| Q1 24 | $12.6M | $74.5M |
净利润FTCIRWT
| Q4 25 | $-36.4M | $20.0M | ||
| Q3 25 | $-23.9M | $-7.7M | ||
| Q2 25 | $-15.4M | $-98.5M | ||
| Q1 25 | $-3.8M | $16.1M | ||
| Q4 24 | $-12.2M | $-6.6M | ||
| Q3 24 | $-15.4M | $14.8M | ||
| Q2 24 | $-12.2M | $15.5M | ||
| Q1 24 | $-8.8M | $30.3M |
毛利率FTCIRWT
| 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% | — |
营业利润率FTCIRWT
| Q4 25 | -17.2% | — | ||
| Q3 25 | -29.6% | -9.0% | ||
| Q2 25 | -57.5% | -679.0% | ||
| Q1 25 | -50.8% | 80.2% | ||
| Q4 24 | -101.7% | -1.3% | ||
| Q3 24 | -147.8% | 86.1% | ||
| Q2 24 | -104.3% | 30.3% | ||
| Q1 24 | -99.3% | 41.3% |
净利率FTCIRWT
| Q4 25 | -110.7% | 77.2% | ||
| Q3 25 | -92.0% | -51.4% | ||
| Q2 25 | -77.2% | -712.0% | ||
| Q1 25 | -18.4% | 57.8% | ||
| Q4 24 | -92.7% | -24.0% | ||
| Q3 24 | -151.5% | 58.1% | ||
| Q2 24 | -107.1% | 23.0% | ||
| Q1 24 | -69.7% | 40.6% |
每股收益（稀释后）FTCIRWT
| Q4 25 | $-2.31 | $0.11 | ||
| Q3 25 | $-1.61 | $-0.08 | ||
| Q2 25 | $-1.18 | $-0.76 | ||
| Q1 25 | $-0.58 | $0.10 | ||
| Q4 24 | $-0.95 | $-0.08 | ||
| Q3 24 | $-1.21 | $0.09 | ||
| Q2 24 | $-0.97 | $0.10 | ||
| Q1 24 | $-0.70 | $0.21 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $21.1M | $255.7M |
| 总债务越低越好 | $9.9M | — |
| 股东权益账面价值 | $-43.0M | $982.6M |
| 总资产 | $111.8M | $23.7B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资FTCIRWT
| Q4 25 | $21.1M | $255.7M | ||
| Q3 25 | $24.4M | $226.3M | ||
| Q2 25 | $3.5M | $302.0M | ||
| Q1 25 | $5.9M | $259.9M | ||
| Q4 24 | $11.2M | $245.2M | ||
| Q3 24 | $8.3M | $253.7M | ||
| Q2 24 | $10.8M | $275.6M | ||
| Q1 24 | $14.0M | $275.4M |
总债务FTCIRWT
| 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 | — | $1.7B |
股东权益FTCIRWT
| Q4 25 | $-43.0M | $982.6M | ||
| Q3 25 | $-13.7M | $999.0M | ||
| Q2 25 | $9.0M | $1.1B | ||
| Q1 25 | $15.5M | $1.2B | ||
| Q4 24 | $19.0M | $1.2B | ||
| Q3 24 | $30.4M | $1.2B | ||
| Q2 24 | $44.2M | $1.2B | ||
| Q1 24 | $55.2M | $1.2B |
总资产FTCIRWT
| Q4 25 | $111.8M | $23.7B | ||
| Q3 25 | $111.5M | $22.6B | ||
| Q2 25 | $83.0M | $21.3B | ||
| Q1 25 | $84.1M | $19.9B | ||
| Q4 24 | $89.9M | $18.3B | ||
| Q3 24 | $91.7M | $18.4B | ||
| Q2 24 | $100.3M | $16.5B | ||
| Q1 24 | $115.0M | $15.1B |
负债/权益比FTCIRWT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.20× | — | ||
| Q1 25 | 0.65× | — | ||
| Q4 24 | 0.50× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.39× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-8.0M | $-10.1B |
| 自由现金流经营现金流 - 资本支出 | $-8.4M | — |
| 自由现金流率自由现金流/营收 | -25.7% | — |
| 资本支出强度资本支出/营收 | 1.3% | — |
| 现金转化率经营现金流/净利润 | — | -504.15× |
| 过去12个月自由现金流最近4个季度 | $-34.6M | — |
8季度趋势，按日历期对齐
经营现金流FTCIRWT
| Q4 25 | $-8.0M | $-10.1B | ||
| Q3 25 | $-14.6M | $-2.7B | ||
| Q2 25 | $-2.3M | $-2.1B | ||
| Q1 25 | $-8.5M | $-2.0B | ||
| Q4 24 | $-16.7M | $-5.9B | ||
| Q3 24 | $-2.4M | $-2.1B | ||
| Q2 24 | $-3.8M | $-2.0B | ||
| Q1 24 | $-11.9M | $-954.2M |
自由现金流FTCIRWT
| Q4 25 | $-8.4M | — | ||
| Q3 25 | $-15.1M | — | ||
| Q2 25 | $-2.5M | — | ||
| Q1 25 | $-8.6M | — | ||
| Q4 24 | $-17.0M | — | ||
| Q3 24 | $-2.6M | — | ||
| Q2 24 | $-4.5M | — | ||
| Q1 24 | $-12.3M | — |
自由现金流率FTCIRWT
| Q4 25 | -25.7% | — | ||
| Q3 25 | -57.9% | — | ||
| Q2 25 | -12.4% | — | ||
| Q1 25 | -41.2% | — | ||
| Q4 24 | -128.6% | — | ||
| Q3 24 | -25.6% | — | ||
| Q2 24 | -39.2% | — | ||
| Q1 24 | -97.6% | — |
资本支出强度FTCIRWT
| Q4 25 | 1.3% | — | ||
| Q3 25 | 1.7% | — | ||
| Q2 25 | 0.9% | — | ||
| Q1 25 | 0.4% | — | ||
| Q4 24 | 2.2% | — | ||
| Q3 24 | 2.2% | — | ||
| Q2 24 | 6.1% | — | ||
| Q1 24 | 3.4% | — |
现金转化率FTCIRWT
| Q4 25 | — | -504.15× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -120.92× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -140.86× | ||
| Q2 24 | — | -126.56× | ||
| Q1 24 | — | -31.53× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
FTCI
| Products | $26.2M | 80% |
| Services | $6.7M | 20% |
RWT
暂无分部数据
