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	May '26 May 12, 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	24,714	28,033	18,868	18,408	15,969	9,268
Market Cap Growth	62.72%	48.57%	2.50%	15.27%	72.30%	-11.60%
Enterprise Value	23,226	25,460	17,449	16,769	13,575	7,678
Last Close Price	230.00	261.23	176.24	172.28	149.79	87.16
PE Ratio	14.89	18.38	14.66	22.26	-365.34	19.90
Forward PE	12.00	11.97	9.14	14.89	44.67	37.54
PEG Ratio	0.59	0.37	0.28	0.40	2.56	4.75
PS Ratio	4.63	5.37	4.49	5.55	6.10	3.17
PB Ratio	2.54	2.94	2.37	2.75	2.74	1.56
P/TBV Ratio	2.51	2.95	2.38	2.77	2.74	1.56
P/FCF Ratio	15.03	23.61	-61.25	-23.46	-528.14	-30.61
P/OCF Ratio	10.23	13.63	15.49	30.56	18.28	39.01
EV/Sales Ratio	4.29	4.88	4.15	5.05	5.18	2.63
EV/EBITDA Ratio	10.22	11.98	9.60	14.39	55.98	9.07
EV/EBIT Ratio	13.50	15.94	12.51	19.56	-498.43	13.09
EV/FCF Ratio	13.93	21.44	-56.64	-21.38	-448.98	-25.36
Debt / Equity Ratio	0.02	0.03	0.05	0.07	0.03	0.04
Debt / EBITDA Ratio	0.19	0.24	0.34	0.48	0.76	0.28
Debt / FCF Ratio	0.26	0.42	-1.98	-0.71	-6.10	-0.79
Net Debt / Equity Ratio	-0.20	-0.25	-0.15	-0.23	-0.41	-0.27
Net Debt / EBITDA Ratio	-0.88	-1.11	-0.65	-1.32	-9.87	-1.87
Net Debt / FCF Ratio	-1.20	-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	3.87	3.40	2.47	2.80	3.96	3.56
Quick Ratio	1.85	2.06	1.66	2.62	2.80	3.14
Current Ratio	2.56	2.67	2.45	3.55	3.65	4.39
Return on Equity (ROE)	17.15%	17.45%	17.62%	13.27%	-0.75%	8.17%
Return on Assets (ROA)	12.51%	12.13%	11.39%	8.58%	1.79%	6.62%
Return on Invested Capital (ROIC)	16.94%	16.42%	15.28%	12.86%	2.79%	9.66%
Return on Capital Employed (ROCE)	15.50%	15.13%	14.60%	10.54%	-0.39%	9.06%
Earnings Yield	6.64%	5.44%	6.82%	4.49%	-0.27%	5.03%
FCF Yield	6.65%	4.24%	-1.63%	-4.26%	-0.19%	-3.27%
Buyback Yield / Dilution	-0.06%	-0.01%	-0.14%	-0.77%	0.35%	-0.22%
Total Shareholder Return	-0.06%	-0.01%	-0.14%	-0.77%	0.35%	-0.22%

Updated Apr 30, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q