FTC Solar, Inc. (FTCI) vs SUNation Energy Inc. (SUNE)

FTC Solar, Inc. and SUNation Energy Inc. are both Solar companies. FTC Solar, Inc. is the larger, with a market value of $30.3M against $14.1M — 2.2× the size. FTC Solar, Inc. grew revenue faster over the last twelve months: 59.5% against 10.3%. SUNation Energy Inc. has the higher net margin (−8.48% vs −53.6%) and the lower return on invested capital (−13.6% vs 0.00%). Across the 17 metrics below, SUNation Energy Inc. leads on 12 and FTC Solar, Inc. on 5.

Valuation

Metric FTCI SUNE Solar median
P/E n/m n/m 10.61
P/S 0.25 0.21 0.47
P/B n/m 0.64 0.99
Price to free cash flow n/m n/m 9.56
EV/EBITDA n/m n/m 9.36
EV/Sales 0.49 0.24 0.63
Earnings yield (213.66%) (1.46%) 0.00%
Free cash flow yield (110.22%) (13.83%) 0.00%

Profitability

Metric FTCI SUNE Solar median
Gross margin 2.96% 35.73% 31.92%
Operating margin (38.26%) (7.89%) (9.70%)
Net margin (53.61%) (8.48%) (8.48%)
Free cash flow margin (27.84%) (2.95%) (2.95%)
Return on equity 514.95% (24.48%) 5.34%
Return on assets (60.61%) (12.27%) (5.36%)
Return on invested capital 0.00% (13.55%) (5.27%)

Growth

Metric FTCI SUNE Solar median
Revenue growth (TTM) 59.53% 10.34% 16.97%
EPS growth (last fiscal year) (43.34%) 99.96% 47.20%
Revenue growth, 5-year CAGR (11.86%) 54.84% 14.00%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric FTCI SUNE Solar median
Debt to equity (0.75) 0.24 0.09
Current ratio 0.91 0.77 1.33
Net debt to EBITDA (0.05) (0.50) 0.03

Dividend

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

Size

Metric FTCI SUNE Solar median
Market cap 30.33m 14.07m 31.62m

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