First Solar, Inc. (BMV:FSLR)

First Solar Ratios and Metrics

Market cap in millions MXN. Fiscal year is January - December.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb 27, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Capitalization	364,094	504,668	393,157	311,189	311,482	189,987
Market Cap Growth	4.54%	28.36%	26.34%	-0.09%	63.95%	-8.92%
Enterprise Value	326,242	484,000	381,161	289,564	280,000	160,145
Last Close Price	3361.85	4750.00	3680.01	2922.40	2880.00	1789.00
PE Ratio	13.23	18.34	14.60	22.16	-	19.77
PS Ratio	3.87	5.37	4.49	5.55	6.10	3.17
PB Ratio	2.12	2.94	2.37	2.75	2.74	1.56
P/TBV Ratio	2.14	2.97	2.39	2.79	2.76	1.57
P/FCF Ratio	17.03	23.61	-	-	-	-
P/OCF Ratio	9.83	13.63	15.49	30.56	18.28	39.01
EV/Sales Ratio	3.63	5.15	4.35	5.16	5.48	2.67
EV/EBITDA Ratio	8.82	12.65	10.07	14.35	-	11.17
EV/EBIT Ratio	11.87	16.84	13.13	19.33	-	17.78
EV/FCF Ratio	15.26	22.64	-	-	-	-
Debt / Equity Ratio	0.07	0.07	0.09	0.09	0.04	0.07
Debt / EBITDA Ratio	0.30	0.30	0.39	0.52	36.20	0.55
Debt / FCF Ratio	0.55	0.55	-	-	-	-
Net Debt / Equity Ratio	-0.23	-0.23	-0.13	-0.22	-0.40	-0.24
Net Debt / EBITDA Ratio	-1.03	-1.03	-0.59	-1.24	212.63	-2.04
Net Debt / FCF Ratio	-1.85	-1.85	3.49	1.88	77.52	4.72
Asset Turnover	0.41	0.41	0.37	0.36	0.33	0.40
Inventory Turnover	2.68	2.68	2.07	2.37	3.37	3.04
Quick Ratio	2.12	2.12	1.72	2.67	2.80	3.14
Current Ratio	2.68	2.68	2.45	3.55	3.65	4.39
Return on Equity (ROE)	17.45%	17.45%	17.62%	13.27%	-0.75%	8.16%
Return on Assets (ROA)	7.84%	7.84%	7.75%	5.95%	-2.24%	3.78%
Return on Invested Capital (ROIC)	20.30%	21.68%	21.14%	18.98%	35.94%	8.19%
Return on Capital Employed (ROCE)	14.40%	14.40%	13.90%	9.80%	-3.90%	6.60%
Earnings Yield	7.56%	5.45%	6.85%	4.51%	-0.28%	5.06%
FCF Yield	5.87%	4.23%	-1.63%	-4.26%	-0.19%	-3.27%
Buyback Yield / Dilution	-0.01%	-0.01%	-0.14%	-0.77%	0.35%	-0.22%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.