First Solar, Inc. (ETR:F3A)

First Solar Ratios and Metrics

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

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Oct 10, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Market Cap	20,844	16,238	15,841	13,743	7,976	9,022
Market Cap Growth	-10.12%	2.50%	15.27%	72.30%	-11.60%	77.66%
Enterprise Value	20,769	15,016	14,431	11,683	6,607	7,723
PE Ratio	19.47	14.66	22.26	-365.34	19.90	26.52
Forward PE	11.04	9.14	14.89	44.67	37.54	26.98
PEG Ratio	-	0.28	0.40	2.56	4.75	1.97
PS Ratio	5.64	4.49	5.55	6.10	3.17	3.87
PB Ratio	2.86	2.37	2.75	2.74	1.56	1.90
P/TBV Ratio	2.47	2.38	2.77	2.74	1.56	1.91
P/FCF Ratio	-	-61.25	-23.46	-528.14	-30.61	-27.62
P/OCF Ratio	81.91	15.49	30.56	18.28	39.01	282.42
EV/Sales Ratio	5.56	4.15	5.05	5.18	2.63	3.31
EV/EBITDA Ratio	12.92	9.60	14.48	-1231.55	10.98	16.30
EV/EBIT Ratio	17.73	12.52	19.72	-48.35	17.47	28.27
EV/FCF Ratio	-25.87	-56.64	-21.38	-448.98	-25.36	-23.65
Debt / Equity Ratio	0.04	0.05	0.07	0.03	0.04	0.04
Debt / EBITDA Ratio	1.19	0.34	0.48	-16.72	0.34	0.51
Debt / FCF Ratio	-0.61	-1.98	-0.71	-6.10	-0.79	-0.74
Asset Turnover	0	0.37	0.36	0.33	0.40	0.37
Inventory Turnover	0	2.47	2.80	3.96	3.56	3.81
Quick Ratio	1.18	1.66	2.62	2.80	3.14	2.41
Current Ratio	1.90	2.45	3.55	3.65	4.39	3.56
Return on Equity (ROE)	0.00%	21.10%	16.13%	-0.02%	11.76%	3.95%
Return on Assets (ROA)	0.00%	13.38%	9.72%	-0.07%	7.15%	2.87%
Return on Capital (ROIC)	0.00%	17.83%	14.50%	-0.11%	10.41%	4.35%
Return on Capital Employed (ROCE)	0.00%	14.59%	10.45%	-4.04%	6.79%	5.10%
Earnings Yield	5.14%	6.82%	4.49%	-0.27%	5.03%	3.77%
FCF Yield	-3.85%	-1.63%	-4.26%	-0.19%	-3.27%	-3.62%
Buyback Yield / Dilution	0.09%	0.11%	0.17%	0.08%	0.17%	0.13%
Total Shareholder Return	-	0.11%	0.17%	0.08%	0.17%	0.13%

Updated Jun 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.