First Solar, Inc. (FSLR)

First Solar Ratios and Metrics

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

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Feb 6, 2026	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Market Capitalization	23,472	18,868	18,407	15,968	9,267	10,483
Market Cap Growth	19.47%	2.50%	15.27%	72.31%	-11.60%	77.72%
Enterprise Value	21,992	18,292	17,128	14,354	7,812	9,313
Last Close Price	234.36	176.24	172.28	149.79	87.16	98.92
PE Ratio	16.79	14.60	22.16	-	19.77	26.32
Forward PE	10.00	9.14	14.89	44.67	37.54	26.98
PS Ratio	4.97	4.49	5.55	6.10	3.17	3.87
PB Ratio	2.79	2.37	2.75	2.74	1.56	1.90
P/TBV Ratio	2.59	2.39	2.79	2.76	1.57	1.92
P/FCF Ratio	37.66	-	-	-	-	-
P/OCF Ratio	14.23	15.49	30.56	18.28	39.01	282.41
PEG Ratio	0.34	0.28	0.40	2.56	4.75	1.97
EV/Sales Ratio	4.35	4.35	5.16	5.48	2.67	3.44
EV/EBITDA Ratio	10.89	10.07	14.35	-	11.17	16.23
EV/EBIT Ratio	14.61	13.13	19.33	-	17.78	27.32
EV/FCF Ratio	35.79	-	-	-	-	-
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 Invested Capital (ROIC)	17.50%	21.14%	18.98%	35.94%	8.19%	8.75%
Return on Capital Employed (ROCE)	14.50%	13.90%	9.80%	-3.90%	6.60%	5.40%
Earnings Yield	6.05%	6.85%	4.51%	-0.28%	5.06%	3.80%
FCF Yield	2.66%	-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 Oct 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q