First Solar, Inc. (FSLR)

NASDAQ: FSLR · Real-Time Price · USD

214.28

+0.22 (0.10%)

At close: Aug 21, 2026, 4:00 PM EDT

215.20

+0.92 (0.43%)

After-hours: Aug 21, 2026, 7:58 PM EDT

First Solar Ratios and Metrics

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

Millions USD. Fiscal year is Jan - Dec.

Total Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 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 Capitalization	23,029	28,032	18,868	18,407	15,968	9,267
Market Cap Growth	4.01%	48.57%	2.50%	15.27%	72.31%	-11.60%
Enterprise Value	21,496	26,884	18,292	17,128	14,354	7,812
Last Close Price	214.28	261.23	176.24	172.28	149.79	87.16

Price Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 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
PE Ratio	13.21	18.34	14.60	22.16	-	19.77
Forward PE	10.20	11.97	9.14	14.89	44.67	37.54
PS Ratio	4.28	5.37	4.49	5.55	6.10	3.17
PB Ratio	2.23	2.94	2.37	2.75	2.74	1.56
P/TBV Ratio	2.25	2.97	2.39	2.79	2.76	1.57
P/FCF Ratio	15.35	23.61	-	-	-	-
P/OCF Ratio	10.68	13.63	15.49	30.56	18.28	39.01
PEG Ratio	0.48	0.37	0.28	0.40	2.56	4.75

EV Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 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
EV/Sales Ratio	4.00	5.15	4.35	5.16	5.48	2.67
EV/EBITDA Ratio	9.01	12.65	10.07	14.35	-	11.17
EV/EBIT Ratio	11.88	16.84	13.13	19.33	-	17.78
EV/FCF Ratio	14.33	22.64	-	-	-	-

Financial Efficiency

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 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
Debt / Equity Ratio	0.02	0.07	0.09	0.09	0.04	0.07
Debt / EBITDA Ratio	0.08	0.30	0.39	0.52	36.20	0.55
Debt / FCF Ratio	0.13	0.55	-	-	-	-
Net Debt / Equity Ratio	-0.15	-0.23	-0.13	-0.22	-0.40	-0.24
Net Debt / EBITDA Ratio	-0.64	-1.03	-0.59	-1.24	212.63	-2.04
Net Debt / FCF Ratio	-1.02	-1.85	3.49	1.88	77.52	4.72
Asset Turnover	0.41	0.41	0.37	0.36	0.33	0.40
Inventory Turnover	1.98	2.68	2.07	2.37	3.37	3.04
Quick Ratio	1.70	2.12	1.72	2.67	2.80	3.14
Current Ratio	2.52	2.68	2.45	3.55	3.65	4.39
Return on Equity (ROE)	18.51%	17.45%	17.62%	13.27%	-0.75%	8.16%
Return on Assets (ROA)	8.62%	7.84%	7.75%	5.95%	-2.24%	3.78%
Return on Invested Capital (ROIC)	20.57%	21.68%	21.14%	18.98%	35.94%	8.19%
Return on Capital Employed (ROCE)	16.00%	14.40%	13.90%	9.80%	-3.90%	6.60%

Yields

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 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
Earnings Yield	7.58%	5.45%	6.85%	4.51%	-0.28%	5.06%
FCF Yield	6.51%	4.23%	-1.63%	-4.26%	-0.19%	-3.27%
Buyback Yield / Dilution	-0.12%	-0.01%	-0.14%	-0.77%	0.35%	-0.22%

SEC Filings: 10-K · 10-Q