First Solar Ratios and Metrics

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

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 27, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	108,585	154,401	116,696	89,317	84,419	51,635
Market Cap Growth	10.86%	32.31%	30.65%	5.80%	63.49%	-5.15%
Enterprise Value	97,296	148,078	113,135	83,110	75,886	43,525
Last Close Price	503.05	732.00	547.20	416.80	397.54	245.01
PE Ratio	12.90	18.34	14.60	22.16	-	19.77
PS Ratio	3.78	5.37	4.49	5.55	6.10	3.17
PB Ratio	2.07	2.94	2.37	2.75	2.74	1.56
P/TBV Ratio	2.08	2.97	2.39	2.79	2.76	1.57
P/FCF Ratio	16.61	23.61	-	-	-	-
P/OCF Ratio	9.58	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	14.88	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	7.75%	5.45%	6.85%	4.51%	-0.28%	5.06%
FCF Yield	6.02%	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.