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First Solar, Inc. (FSLR)
NASDAQ: FSLR · Real-Time Price · USD
174.61
+2.50 (1.45%)
At close: Oct 2, 2026, 4:00 PM EDT
174.95
+0.34 (0.19%)
After-hours: Oct 2, 2026, 7:59 PM EDT

First Solar Ratios and Metrics

Millions USD. Fiscal year is Jan - Dec.

Total Valuation

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Oct '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Market Capitalization
18,76528,03218,86818,40715,9689,267
Market Cap Growth
-22.17%48.57%2.50%15.27%72.31%-11.60%
Enterprise Value
17,23226,88418,29217,12814,3547,812
Last Close Price
174.61261.23176.24172.28149.7987.16

Price Ratios

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Oct '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
10.7718.3414.6022.16-19.77
Forward PE
8.2811.979.1414.8944.6737.54
PS Ratio
3.495.374.495.556.103.17
PB Ratio
1.822.942.372.752.741.56
P/TBV Ratio
1.832.972.392.792.761.57
P/FCF Ratio
12.5123.61----
P/OCF Ratio
8.7013.6315.4930.5618.2839.01
PEG Ratio
0.380.370.280.402.564.75

EV Ratios

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Oct '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
EV/Sales Ratio
3.205.154.355.165.482.67
EV/EBITDA Ratio
7.2212.6510.0714.35-11.17
EV/EBIT Ratio
9.5216.8413.1319.33-17.78
EV/FCF Ratio
11.4922.64----

Financial Efficiency

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Oct '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Debt / Equity Ratio
0.020.070.090.090.040.07
Debt / EBITDA Ratio
0.080.300.390.5236.200.55
Debt / FCF Ratio
0.130.55----
Net Debt / Equity Ratio
-0.15-0.23-0.13-0.22-0.40-0.24
Net Debt / EBITDA Ratio
-0.64-1.03-0.59-1.24212.63-2.04
Net Debt / FCF Ratio
-1.02-1.853.491.8877.524.72
Asset Turnover
0.410.410.370.360.330.40
Inventory Turnover
1.982.682.072.373.373.04
Quick Ratio
1.702.121.722.672.803.14
Current Ratio
2.522.682.453.553.654.39
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
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Oct '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Earnings Yield
9.30%5.45%6.85%4.51%-0.28%5.06%
FCF Yield
7.99%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