FTC Solar, Inc. (FTCI) vs Solarmax Technology, Inc. (SMXT)

FTC Solar, Inc. and Solarmax Technology, Inc. are both Solar companies. FTC Solar, Inc. is the larger, with a market value of $23.4M against $18.0M — 1.3× the size. Solarmax Technology, Inc. grew revenue faster over the last twelve months: 284.7% against 36.3%. Solarmax Technology, Inc. has the higher net margin (−7.91% vs −22.2%) and the lower return on invested capital (−79.0% vs 0.00%). Across the 16 metrics below, Solarmax Technology, Inc. leads on 13 and FTC Solar, Inc. on 3.

Valuation

Metric FTCI SMXT Solar median
P/E n/m n/m 11.37
P/S 0.20 0.18 0.60
P/B n/m n/m 0.90
Price to free cash flow n/m n/m 15.06
EV/EBITDA n/m n/m 10.71
EV/Sales 0.39 0.39 0.85
Earnings yield (113.39%) (46.59%) (16.54%)
Free cash flow yield (38.20%) (23.69%) (1.15%)

Profitability

Metric FTCI SMXT Solar median
Gross margin 3.05% 7.50% 28.56%
Operating margin (36.65%) (7.56%) (7.89%)
Net margin (22.19%) (7.91%) (7.34%)
Free cash flow margin (6.37%) (4.18%) (1.48%)
Return on equity 155.48% 51.87% 7.14%
Return on assets (21.00%) (10.88%) (3.25%)
Return on invested capital 0.00% (78.95%) (4.96%)

Growth

Metric FTCI SMXT Solar median
Revenue growth (TTM) 36.32% 284.69% 10.49%
EPS growth (last fiscal year) (43.34%) 83.54% 51.53%
Revenue growth, 5-year CAGR (11.86%) — 13.86%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric FTCI SMXT Solar median
Debt to equity (1.42) (1.51) 0.01
Current ratio 0.86 0.98 1.50
Net debt to EBITDA (0.05) (3.70) 0.19

Dividend

Metric FTCI SMXT Solar median
Dividend yield — — —
Payout ratio — — —

Size

Metric FTCI SMXT Solar median
Market cap 23.39m 17.97m 76.52m

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