First Solar, Inc. (LON:0R06)

First Solar Ratios and Metrics

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

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 17, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Cap	16,115	21,126	14,220	13,873	12,035	6,985
Market Cap Growth	49.89%	48.57%	2.50%	15.27%	72.30%	-11.60%
Enterprise Value	14,467	19,188	13,150	12,638	10,231	5,786
PE Ratio	14.19	18.38	14.66	22.26	-365.34	19.90
Forward PE	10.84	11.97	9.14	14.89	44.67	37.54
PEG Ratio	-	0.37	0.28	0.40	2.56	4.75
PS Ratio	4.16	5.37	4.49	5.55	6.10	3.17
PB Ratio	2.27	2.94	2.37	2.75	2.74	1.56
P/TBV Ratio	2.23	2.95	2.38	2.77	2.74	1.56
P/FCF Ratio	18.27	23.61	-61.25	-23.46	-528.14	-30.61
P/OCF Ratio	10.54	13.63	15.49	30.56	18.28	39.01
EV/Sales Ratio	3.70	4.88	4.15	5.05	5.18	2.63
EV/EBITDA Ratio	8.98	11.97	9.60	14.48	-1231.55	10.98
EV/EBIT Ratio	12.09	15.94	12.52	19.72	-48.35	17.47
EV/FCF Ratio	16.40	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	7.05%	5.44%	6.82%	4.49%	-0.27%	5.03%
FCF Yield	5.47%	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.