First Solar Ratios and Metrics

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 21, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Cap	20,405	28,033	18,868	18,408	15,969	9,268
Market Cap Growth	39.90%	48.57%	2.50%	15.27%	72.30%	-11.60%
Enterprise Value	18,410	25,460	17,449	16,769	13,575	7,678
Last Close Price	189.90	261.23	176.24	172.28	149.79	87.16
PE Ratio	13.40	18.38	14.66	22.26	-365.34	19.90
Forward PE	10.41	11.97	9.14	14.89	44.67	37.54
PEG Ratio	0.53	0.37	0.28	0.40	2.56	4.75
PS Ratio	3.95	5.37	4.49	5.55	6.10	3.17
PB Ratio	2.17	2.94	2.37	2.75	2.74	1.56
P/TBV Ratio	2.14	2.95	2.38	2.77	2.74	1.56
P/FCF Ratio	17.36	23.61	-61.25	-23.46	-528.14	-30.61
P/OCF Ratio	10.02	13.63	15.49	30.56	18.28	39.01
EV/Sales Ratio	3.53	4.88	4.15	5.05	5.18	2.63
EV/EBITDA Ratio	8.66	11.98	9.60	14.48	-1231.55	10.98
EV/EBIT Ratio	11.53	15.94	12.52	19.72	-48.35	17.47
EV/FCF Ratio	15.51	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	7.41%	5.44%	6.82%	4.49%	-0.27%	5.03%
FCF Yield	5.76%	4.24%	-1.63%	-4.26%	-0.19%	-3.27%
Buyback Yield / Dilution	-0.01%	-0.01%	-0.14%	-0.77%	0.35%	-0.22%
Total Shareholder Return	-0.01%	-0.01%	-0.14%	-0.77%	0.35%	-0.22%

Updated Feb 24, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q