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	Dec 22, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Market Capitalization	25,973	18,224	16,653	14,942	8,149	8,570
Market Cap Growth	26.75%	9.44%	11.45%	83.36%	-4.91%	63.04%
Enterprise Value	24,997	17,668	15,496	13,431	6,869	7,613
Last Close Price	238.05	173.64	156.50	138.90	77.06	80.56
PE Ratio	21.76	14.60	22.16	-	19.77	26.32
PS Ratio	6.03	4.49	5.55	6.10	3.17	3.87
PB Ratio	3.38	2.37	2.75	2.74	1.56	1.90
P/TBV Ratio	3.41	2.39	2.79	2.76	1.57	1.92
P/FCF Ratio	49.59	-	-	-	-	-
P/OCF Ratio	18.74	15.49	30.56	18.28	39.01	282.41
EV/Sales Ratio	5.82	4.35	5.16	5.48	2.67	3.44
EV/EBITDA Ratio	14.40	10.07	14.35	-	11.17	16.23
EV/EBIT Ratio	19.52	13.13	19.33	-	17.78	27.32
EV/FCF Ratio	47.73	-	-	-	-	-
Debt / Equity Ratio	0.10	0.09	0.09	0.04	0.07	0.09
Debt / EBITDA Ratio	0.44	0.39	0.52	36.20	0.55	0.81
Debt / FCF Ratio	1.45	-	-	-	-	-
Asset Turnover	0.41	0.37	0.36	0.33	0.40	0.37
Inventory Turnover	2.15	2.07	2.37	3.37	3.04	3.46
Quick Ratio	1.38	1.72	2.67	2.80	3.14	2.41
Current Ratio	1.91	2.45	3.55	3.65	4.39	3.56
Return on Equity (ROE)	16.86%	17.62%	13.27%	-0.75%	8.16%	7.50%
Return on Assets (ROA)	7.56%	7.75%	5.95%	-2.24%	3.78%	2.91%
Return on Capital (ROIC)	10.34%	10.88%	8.28%	-2.82%	4.44%	3.64%
Return on Capital Employed (ROCE)	14.50%	13.90%	9.80%	-3.90%	6.60%	5.40%
Earnings Yield	4.60%	6.85%	4.51%	-0.28%	5.06%	3.80%
FCF Yield	2.02%	-1.63%	-4.26%	-0.19%	-3.27%	-3.62%
Buyback Yield / Dilution	0.00%	-0.14%	-0.77%	0.35%	-0.22%	-1.31%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.