First Solar, Inc. (VIE:FSLR)

First Solar Ratios and Metrics

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

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 3, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Cap	18,280	24,093	16,216	15,820	13,725	7,965
Market Cap Growth	12.27%	48.57%	2.50%	15.27%	72.30%	-11.60%
Enterprise Value	16,383	22,067	15,199	14,495	11,667	6,602
PE Ratio	14.04	18.38	14.66	22.26	-365.34	19.90
Forward PE	11.13	11.97	9.14	14.89	44.67	37.54
PEG Ratio	-	0.37	0.28	0.40	2.56	4.75
PS Ratio	4.11	5.37	4.49	5.55	6.10	3.17
PB Ratio	2.25	2.94	2.37	2.75	2.74	1.56
P/TBV Ratio	1.92	2.95	2.38	2.77	2.74	1.56
P/FCF Ratio	18.08	23.61	-61.25	-23.46	-528.14	-30.61
P/OCF Ratio	10.43	13.63	15.49	30.56	18.28	39.01
EV/Sales Ratio	3.64	4.92	4.20	5.08	5.18	2.63
EV/EBITDA Ratio	8.83	12.08	9.73	14.56	-1231.55	10.98
EV/EBIT Ratio	11.90	16.08	12.69	19.83	-48.35	17.48
EV/FCF Ratio	16.20	21.63	-57.40	-21.50	-448.98	-25.37
Debt / Equity Ratio	0.05	0.05	0.08	0.08	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	7.12%	5.44%	6.82%	4.49%	-0.27%	5.03%
FCF Yield	5.53%	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.