SLDP Consumer Cyclical

Solid Power, Inc.

$2.03+3.05%

Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026

Basics

Sector: Consumer Cyclical
Industry: Auto Parts
Country: United States
Market cap: 463.2M USD
Enterprise value: 204.5M USD
Full-time employees: 230

Overall health

Strength: lower risk than most peers: more short-term liquidity and less debt relative to equitylower risk: more liquidity and less debt vs equity
Drawback: less profitable than most peersless profitable than peers
Drawback: growing more slowly than most peersgrowing more slowly than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: its share price swings more than most peers’ (beta 1.95 vs a peer median of 0.63)bigger price swings (beta 1.95 vs peers 0.63)

Ranks #1,338 of 1,502 consumer cyclical companies (bottom 11%)

See how it ranks against its peers

Worth knowing

Shareholders being diluted. Shares outstanding up 30% from December 2022 to August 2026.
Solid Power had 30% more shares at August 2026 than at December 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.Solid Power had 30% more shares at August 2026 than at December 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.
Stock-based pay is a large cost. Stock pay was 41% of revenue in 2025.
Solid Power paid employees $9M in stock in 2025, 41% of its $22M revenue. It doesn't use cash, so it flatters cash flow, but it is a real cost to shareholders through dilution.
Not profitable yet. Reported a loss in the 12 months to June 2026.
Solid Power reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.
Annual revenue rose 5 years in a row. Fiscal-year revenue rose from $2M in 2020 to $22M in 2025.
Solid Power's fiscal-year revenue rose in each of the five years to 2025, from $2M to $22M.

StockQuotient Score

26/ 100

Oct 5 26 → Nov 4 26

Valuation

Is the price right?

6/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ Earnings yield
▼ EBITDA yield
▼ FCF yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-19.4%

SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.34Sector median: 0.0439 · MAD: 0.0329

EBITDA yield-43.1%

Yahoo Finance fallback · SEC enterprise value unavailable (debt or EBITDA not reported in standard form) · trailing 12 monthsNegative (a loss or cash outflow), so it counts as zero whatever the share price50% base weight · Z-score -1.90Sector median: 0.0877 · MAD: 0.0461

Free cash flow yield-15.7%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingNegative (a loss or cash outflow), so it counts as zero whatever the share price20% base weight · Z-score -1.13Sector median: 0.0614 · MAD: 0.0545

Other data (not scored)

Book yield108.3%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5650 · MAD: 0.3500

Growth

Is it growing?

10/100

Weak

3/3 inputs reported · High confidence

Since last quarter: ▼ Weaker

12-month revenue fell 41.5%

Why

Weaker than most peers on:

▼ Revenue growth
▼ 3-yr revenue

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

Still loss-making, but the loss per share narrowed33% base weight · Z-score 0.33Sector median: 0.0420 · MAD: 0.2537

3-year revenue growth-11.2%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score -2.43Sector median: 0.0425 · MAD: 0.0636

Revenue growth-51.5%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.28Sector median: 0.0373 · MAD: 0.0653

Profitability

Does it earn well?

0/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Operating margin
▼ ROA
▼ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin-978.2%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -4.25Sector median: 0.0638 · MAD: 0.0461

Return on assets-17.0%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.27Sector median: 0.0331 · MAD: 0.0254

Return on invested capital-17.8%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.50Sector median: 0.0733 · MAD: 0.0600

Other data (not scored)

Gross margin-105.1%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsOutlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.3025 · MAD: 0.1399

Return on equity-17.9%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0746 · MAD: 0.0674

Risk

Debt, liquidity, price swings

Lower

Lower relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ Current ratio
▲ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.95

Yahoo Finance · 5-year monthly beta vs the marketOutlier capped at sector 5th/95th percentile33% base weight · Z-score -3.80Sector median: 0.6345 · MAD: 0.2980

Current ratio14.61×

SEC filings · latest balance sheetOutlier capped at sector 5th/95th percentile33% base weight · Z-score 6.28Sector median: 1.4800 · MAD: 0.5570

Debt / equity0.02×

Yahoo Finance fallback · no standard SEC debt tagReported value33% base weight · Z-score 1.26Sector median: 0.4646 · MAD: 0.3556

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Solid Power

Is Solid Power getting weaker?: Its latest SEC filing (Aug 5, 2026) got weaker in some ways: 12-month revenue fell 41.5%. Its overall score is unchanged at 26/100 since Oct 28, 2026.
How is Solid Power valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 6/100 against 1,612 consumer cyclical peers. Earnings yield -19.4% vs a peer median of 4.4% (weaker than 100% of peers).Earnings yield -19.4% vs peers 4.4% (weaker than 100% of peers).
Is Solid Power growing?: More slowly than most of its peers. Growth scores 10/100 against 1,612 consumer cyclical peers. Revenue growth -51.5% vs a peer median of 3.7% (weaker than 100% of peers).Revenue growth -51.5% vs peers 3.7% (weaker than 100% of peers).
How profitable is Solid Power?: Less profitable than most of its peers. Profitability scores 0/100 against 1,612 consumer cyclical peers. Operating margin -978.2% vs a peer median of 6.4% (weaker than 100% of peers).Operating margin -978.2% vs peers 6.4% (weaker than 100% of peers).
How risky is Solid Power?: Lower risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Current ratio 14.61× vs a peer median of 1.48× (stronger than 95% of peers).Current ratio 14.61× vs peers 1.48× (stronger than 95% of peers). Beta 1.95 vs a peer median of 0.63 (weaker than 100% of peers).Beta 1.95 vs peers 0.63 (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 5, 2026 · compared with the quarter ended Mar 31, 2026

Got weaker

12-month revenue fell 41.5%

Worth watching: Solid Power is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous quarter	Latest quarter	Change
Revenue (12 months)	18.8M USD	11.0M USD	−41.5%
Net income (12 months)	−91.3M USD	−89.8M USD	−1.7%
Operating margin	-548.5%	-978.2%	−429.7 pts
Free cash flow (12 months)	−75.4M USD	−72.9M USD	−3.3%
Cash	31.5M USD	24.3M USD	−22.9%
Shares outstanding	225.0M	228.2M	+1.4%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Industry: Auto Parts · 21 companies

Valuations in Auto Parts are within their usual range since 2016.

53% of months since 2016 were valued lower than now.
12% of companies are in the most expensive fifth of their own price-to-sales history.
Median price-to-sales is −62% vs the whole market, against a usual −53%.

2016Shaded: most expensive fifth of its range2026

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Operating margin	-978.8%	-501.5%	-520.5%	-523.0%	-463.7%	▲ 59 pts
Net margin	667.1%	-81.1%	-376.5%	-479.3%	-429.5%	▲ 50 pts
Return on assets (ROA)	2.9%	-1.6%	-12.3%	-21.5%	-20.5%	▲ 1.0 pts
Return on equity (ROE)	3.2%	-1.7%	-13.0%	-23.5%	-22.5%	▲ 1.1 pts
Free cash flow margin	-1403.3%	-781.4%	-532.9%	-396.4%	-384.4%	▲ 12 pts
Current ratio	71.05×	15.81×	11.53×	6.27×	15.92×	▲ 154%
Debt to equity	0.00×	0.00×	—	—	—	—
Interest coverage	-67.38×	-1407.60×	-1078.81×	-2289.85×	-4033.28×	▼ 76%

SLDP price history

Price history is added with the daily price update and will appear after the next one.

Similar companies

Sector leaderboards

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Pop Mart International Group Limited9992.HK91/ 100

Bringing the fundamentals into focus…

Overall health

Strength: lower risk than most peers: more short-term liquidity and less debt relative to equitylower risk: more liquidity and less debt vs equity

Drawback: less profitable than most peersless profitable than peers

Drawback: growing more slowly than most peersgrowing more slowly than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: its share price swings more than most peers’ (beta 1.95 vs a peer median of 0.63)bigger price swings (beta 1.95 vs peers 0.63)

Ranks #1,338 of 1,502 consumer cyclical companies (bottom 11%)

See how it ranks against its peers

Worth knowing

Shareholders being diluted. Shares outstanding up 30% from December 2022 to August 2026.

Solid Power had 30% more shares at August 2026 than at December 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.Solid Power had 30% more shares at August 2026 than at December 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.

Stock-based pay is a large cost. Stock pay was 41% of revenue in 2025.

Solid Power paid employees $9M in stock in 2025, 41% of its $22M revenue. It doesn't use cash, so it flatters cash flow, but it is a real cost to shareholders through dilution.

Not profitable yet. Reported a loss in the 12 months to June 2026.

Solid Power reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.

Annual revenue rose 5 years in a row. Fiscal-year revenue rose from $2M in 2020 to $22M in 2025.

Solid Power's fiscal-year revenue rose in each of the five years to 2025, from $2M to $22M.

Questions investors ask about Solid Power

Is Solid Power getting weaker?

Its latest SEC filing (Aug 5, 2026) got weaker in some ways: 12-month revenue fell 41.5%. Its overall score is unchanged at 26/100 since Oct 28, 2026.

How is Solid Power valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 6/100 against 1,612 consumer cyclical peers. Earnings yield -19.4% vs a peer median of 4.4% (weaker than 100% of peers).Earnings yield -19.4% vs peers 4.4% (weaker than 100% of peers).

Is Solid Power growing?

More slowly than most of its peers. Growth scores 10/100 against 1,612 consumer cyclical peers. Revenue growth -51.5% vs a peer median of 3.7% (weaker than 100% of peers).Revenue growth -51.5% vs peers 3.7% (weaker than 100% of peers).

How profitable is Solid Power?

Less profitable than most of its peers. Profitability scores 0/100 against 1,612 consumer cyclical peers. Operating margin -978.2% vs a peer median of 6.4% (weaker than 100% of peers).Operating margin -978.2% vs peers 6.4% (weaker than 100% of peers).

How risky is Solid Power?

Lower risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Current ratio 14.61× vs a peer median of 1.48× (stronger than 95% of peers).Current ratio 14.61× vs peers 1.48× (stronger than 95% of peers). Beta 1.95 vs a peer median of 0.63 (weaker than 100% of peers).Beta 1.95 vs peers 0.63 (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

18.8M USD

11.0M USD

−41.5%

Net income (12 months)

−91.3M USD

−89.8M USD

−1.7%

Operating margin

-548.5%

-978.2%

−429.7 pts

Free cash flow (12 months)

−75.4M USD

−72.9M USD

−3.3%

Cash

31.5M USD

24.3M USD

−22.9%

Shares outstanding

225.0M

228.2M

+1.4%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Operating margin

-978.8%

-501.5%

-520.5%

-523.0%

-463.7%

▲ 59 pts

Net margin

667.1%

-81.1%

-376.5%

-479.3%

-429.5%

▲ 50 pts

Return on assets (ROA)

2.9%

-1.6%

-12.3%

-21.5%

-20.5%

▲ 1.0 pts

Return on equity (ROE)

3.2%

-1.7%

-13.0%

-23.5%

-22.5%

▲ 1.1 pts

Free cash flow margin

-1403.3%

-781.4%

-532.9%

-396.4%

-384.4%

▲ 12 pts

Current ratio

71.05×

15.81×

11.53×

6.27×

15.92×

▲ 154%

Debt to equity

0.00×

—

Interest coverage

-67.38×

-1407.60×

-1078.81×

-2289.85×

-4033.28×

▼ 76%