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First Solar, Inc. (FSLR)
NASDAQ: FSLR · Real-Time Price · USD
175.16
-1.77 (-1.00%)
At close: Sep 30, 2026, 4:00 PM EDT
175.92
+0.76 (0.43%)
After-hours: Sep 30, 2026, 7:56 PM EDT

First Solar Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
5,3785,2194,2063,3192,6192,923
Revenue Growth
23.82%24.09%26.75%26.70%-10.40%7.82%
Gross Profit
2,3672,1201,8581,30169.86729.95
Operating Income
1,8101,5971,394885.97-280.75439.47
Net Income
1,7461,5281,292830.78-44.17468.69
Earnings Per Share
16.2214.2112.027.74-0.414.38
EPS Growth
38.60%18.22%55.30%--17.43%

Revenue by Segment
Chart
Fiscal YearTTMFY 2024FY 2023FY 2022FY 2021
Period EndingJun '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)
5,3784,2063,3192,6192,923

Cash & Debt
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
1,7272,8551,7932,1022,5781,826
Total Debt
194.01655.34718.8624.39234.13398.59
Net Cash (Debt)
1,5332,2001,0741,4782,3441,427
Net Cash Growth
1666.73%104.81%-27.33%-36.94%64.20%12.86%
Net Cash Per Share
14.2420.469.9913.7722.0013.35

Cash Flow & CapEx
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
2,1562,0571,218602.26873.37237.56
Capital Expenditures
-655.62-869.88-1,526-1,387-903.61-540.29
Free Cash Flow
1,5001,187-308.08-784.52-30.24-302.73
Free Cash Flow Growth
------

Margins
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
44.02%40.62%44.17%39.19%2.67%24.97%
Operating Margin
33.65%30.59%33.13%26.70%-10.72%15.03%
Pretax Margin
33.94%30.29%33.43%26.86%0.33%19.57%
Profit Margin
32.46%29.28%30.72%25.03%-1.69%16.03%
FCF Margin
27.89%22.75%-7.32%-23.64%-1.15%-10.36%

Valuation
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingOct '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
10.8018.3414.6022.16-19.77
Forward PE
8.3011.979.1414.8944.6737.54
P/FCF Ratio
12.5523.61----
PS Ratio
3.505.374.495.556.103.17