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First Solar, Inc. (FSLR)
NASDAQ: FSLR · Real-Time Price · USD
171.39
-0.91 (-0.53%)
At close: Nov 13, 2026, 4:00 PM EST
170.70
-0.69 (-0.41%)
After-hours: Nov 13, 2026, 4:25 PM EST

First Solar Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
5,0145,2194,2063,3192,6192,923
Revenue Growth
-0.72%24.09%26.75%26.70%-10.40%7.82%
Gross Profit
2,4702,1201,8581,30169.86729.95
Operating Income
1,8901,5971,394885.97-280.75439.47
Net Income
1,8611,5281,292830.78-44.17468.69
Earnings Per Share
17.2914.2112.027.74-0.414.38
EPS Growth
32.68%18.22%55.30%--17.43%

Revenue by Segment
Chart
Fiscal Year
TTMFY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '24 Dec '23 Dec '22 Dec '21
Solar Modules
-4,2033,2972,4282,331
Other Segment
-3.5621.79191.04594.04
Revenue (Total)
5,0144,2063,3192,6192,923

Cash & Debt
Chart
Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
1,6242,8551,7932,1022,5781,826
Total Debt
324.97655.34718.8624.39234.13398.59
Net Cash (Debt)
1,2992,2001,0741,4782,3441,427
Net Cash Growth
13.16%104.81%-27.33%-36.94%64.20%12.86%
Net Cash Per Share
12.0720.469.9913.7722.0013.35

Cash Flow & CapEx
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
839.182,0571,218602.26873.37237.56
Capital Expenditures
-606.39-869.88-1,526-1,387-903.61-540.29
Free Cash Flow
232.791,187-308.08-784.52-30.24-302.73
Free Cash Flow Growth
-62.12%-----

Margins
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
49.25%40.62%44.17%39.19%2.67%24.97%
Operating Margin
37.69%30.59%33.13%26.70%-10.72%15.03%
Pretax Margin
38.51%30.29%33.43%26.86%0.33%19.57%
Profit Margin
37.12%29.28%30.72%25.03%-1.69%16.03%
FCF Margin
4.64%22.75%-7.32%-23.64%-1.15%-10.36%

Valuation
Chart
Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingNov '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
9.9118.3414.6022.16-19.77
Forward PE
8.0111.979.1414.8944.6737.54
P/FCF Ratio
77.7223.61----
PS Ratio
3.615.374.495.556.103.17