FTC Solar, Inc. (FTCI) vs Sunworks, Inc. (SUNWQ)

FTC Solar, Inc. and Sunworks, Inc. are both Solar companies. FTC Solar, Inc. is the larger, with a market value of $23.4M against $3.4M — 6.9× the size. FTC Solar, Inc. grew revenue faster over the last twelve months: 36.3% against 10.6%. FTC Solar, Inc. has the higher net margin (−22.2% vs −40.4%) and the higher return on invested capital (0.00% vs −182.6%). Across the 16 metrics below, FTC Solar, Inc. leads on 9 and Sunworks, Inc. on 7.

Valuation

Metric FTCI SUNWQ Solar median
P/E n/m n/m 11.37
P/S 0.20 n/m 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 0.01 0.85
Earnings yield (113.39%) 0.00% (16.54%)
Free cash flow yield (38.20%) 0.00% (1.15%)

Profitability

Metric FTCI SUNWQ Solar median
Gross margin 3.05% 34.60% 28.56%
Operating margin (36.65%) (41.67%) (7.89%)
Net margin (22.19%) (40.36%) (7.34%)
Free cash flow margin (6.37%) (14.81%) (1.48%)
Return on equity 155.48% (135.47%) 7.14%
Return on assets (21.00%) (66.18%) (3.25%)
Return on invested capital 0.00% (182.56%) (4.96%)

Growth

Metric FTCI SUNWQ Solar median
Revenue growth (TTM) 36.32% 10.63% 10.49%
EPS growth (last fiscal year) (43.34%) 13.13% 51.53%
Revenue growth, 5-year CAGR (11.86%) 15.90% 13.86%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric FTCI SUNWQ Solar median
Debt to equity (1.42) 0.14 0.01
Current ratio 0.86 1.24 1.50
Net debt to EBITDA (0.05) 0.30 0.19

Dividend

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

Size

Metric FTCI SUNWQ Solar median
Market cap 23.39m 3.41m 76.52m

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