First Solar, Inc. (BVMF:FSLR34)

First Solar Ratios and Metrics

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

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 20, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Cap	109,357	148,948	100,255	97,807	84,850	49,244
Market Cap Growth	35.20%	48.57%	2.50%	15.27%	72.30%	-11.60%
Enterprise Value	97,730	135,278	92,712	89,102	72,131	40,796
PE Ratio	12.99	18.38	14.66	22.26	-365.34	19.90
Forward PE	10.49	11.97	9.14	14.89	44.67	37.54
PEG Ratio	-	0.37	0.28	0.40	2.56	4.75
PS Ratio	3.80	5.37	4.49	5.55	6.10	3.17
PB Ratio	2.08	2.94	2.37	2.75	2.74	1.56
P/TBV Ratio	5.74	2.95	2.38	2.77	2.74	1.56
P/FCF Ratio	16.72	23.61	-61.25	-23.46	-528.14	-30.61
P/OCF Ratio	9.65	13.63	15.49	30.56	18.28	39.01
EV/Sales Ratio	3.54	4.88	4.15	5.05	5.18	2.63
EV/EBITDA Ratio	8.60	11.97	9.60	14.48	-1231.55	10.98
EV/EBIT Ratio	11.58	15.94	12.52	19.72	-48.35	17.47
EV/FCF Ratio	14.95	21.44	-56.64	-21.38	-448.98	-25.36
Debt / Equity Ratio	0.03	0.03	0.05	0.07	0.03	0.04
Debt / EBITDA Ratio	0.24	0.24	0.34	0.48	-16.72	0.34
Debt / FCF Ratio	0.42	0.42	-1.98	-0.71	-6.10	-0.79
Net Debt / Equity Ratio	-0.25	-0.25	-0.15	-0.23	-0.41	-0.27
Net Debt / EBITDA Ratio	-1.11	-1.11	-0.65	-1.33	217.15	-2.27
Net Debt / FCF Ratio	-1.98	-1.98	3.84	1.97	79.17	5.24
Asset Turnover	0.41	0.41	0.37	0.36	0.33	0.40
Inventory Turnover	3.40	3.40	2.47	2.80	3.96	3.56
Quick Ratio	2.06	2.06	1.66	2.62	2.80	3.14
Current Ratio	2.67	2.67	2.45	3.55	3.65	4.39
Return on Equity (ROE)	17.45%	17.45%	17.62%	13.27%	-0.75%	8.17%
Return on Assets (ROA)	12.13%	12.13%	11.38%	8.52%	18.41%	4.96%
Return on Invested Capital (ROIC)	16.42%	16.42%	15.26%	12.76%	28.78%	7.23%
Return on Capital Employed (ROCE)	15.13%	15.13%	14.59%	10.45%	-4.04%	6.79%
Earnings Yield	7.70%	5.44%	6.82%	4.49%	-0.27%	5.03%
FCF Yield	5.98%	4.24%	-1.63%	-4.26%	-0.19%	-3.27%
Buyback Yield / Dilution	0.06%	0.06%	0.11%	0.17%	0.08%	0.17%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.