Sunday 11 October 2026 Export all FSLR data to Excel Powerpack

First Solar, Inc.

First Solar, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $5.2 billion, up 24.1% from fiscal 2024. In the quarter to June 2026, revenue fell 3.73%, EPS grew 23.2%, free cash flow fell 121.0% and total debt fell 93.5%, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for three consecutive years.

177.82 1.03 −0.58%

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Market cap: $19.2B
P/E: 10.9×
Fwd P/E: 16.0×
Dividend yield: —
F-score: 7/9
Altman Z: 6.28
Beneish M: −2.54
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

	Older periods	Sep '25	Dec '25	Mar '26	Jun '26
P/E ratio Full definition →	+8 more quarters Free account	16.87	18.33	12.71	14.51
P/S ratio Full definition →		4.68	5.37	3.91	4.71
P/FCF ratio Full definition →		38.49	23.60	12.70	16.90
P/Operating CF Full definition →		18.57	22.56	(98.56)	(174.99)
P/B ratio Full definition →		2.62	2.94	2.14	2.46
Price to Tangible BV Full definition →		2.65	2.96	2.16	2.48
EV/Sales Full definition →		4.39	4.92	3.54	4.44
EV/EBITDA Full definition →		10.98	12.07	8.44	10.02
EV/Operating CF Full definition →		13.63	12.47	7.83	11.09
EV/FCF Full definition →		36.08	21.61	11.50	15.94
Quick Ratio Full definition →		1.35	2.06	1.85	1.65
Current Ratio Full definition →		1.91	2.67	2.56	2.52
Net Debt/EBITDA Full definition →		(2.45)	(3.42)	(4.06)	(2.82)
Debt/Assets Full definition →		4.12%	3.74%	3.19%	0.28%
Debt/Equity Full definition →		0.06	0.05	0.04	0.00
Asset Turnover Full definition →		0.41	0.41	0.43	0.41
Operating CF/Net income Full definition →		2.79	2.38	(0.62)	(0.34)
Capex/Depreciation Full definition →		(1.45)	(1.22)	(0.80)	(1.09)
Interest Coverage Full definition →		33.01	48.48	45.35	80.96
Research and Development Expense of Revenue Full definition →		3.80%	3.92%	6.41%	7.22%
Selling, General and Administrative Expense of Revenue Full definition →		2.97%	3.01%	6.26%	4.92%
Intangible Assets out of Total Assets Full definition →		0.01	0.01	0.01	0.01
Share Based Compensation of Revenue Full definition →		0.46%	0.15%	0.65%	0.67%
Graham Net Nets Full definition →		0.06	0.08	0.10	0.09
Graham Number Full definition →		157.21	168.87	179.26	187.44
Earnings Yield Full definition →		5.93%	5.45%	7.87%	6.89%
Free Cash Flow Yield Full definition →		2.60%	4.24%	7.88%	5.92%
Revenue per Share Full definition →		14.87	15.69	9.73	9.83
Operating CF per Share Full definition →		11.87	11.58	(2.00)	(1.35)
Capex per Share Full definition →		(1.90)	(1.60)	(1.10)	(1.50)
Free Cash Flow per Share Full definition →		9.97	9.98	(3.11)	(2.85)
Cash per Share Full definition →		19.02	26.63	22.60	16.07
Shareholders Equity per Share Full definition →		84.05	88.94	92.02	96.04
Interest Debt per Share Full definition →		0.00	0.00	0.00	0.00
Book value per Share Full definition →		84.05	88.94	92.02	96.04
Free Cash Flow Full definition →		1,069.57	1,070.17	(333.39)	(306.22)
Working Capital Full definition →		2,811.91	3,774.73	3,437.42	3,205.40
Capital Expenditures Full definition →		(204.05)	(171.73)	(118.53)	(161.32)
Net Current Asset Value Full definition →		1,457.77	2,245.52	2,173.21	2,248.96
EV/EBIT Full definition →		14.72	16.07	11.14	13.21
Capex to Sales Full definition →		0.13	0.10	0.11	0.15
Price to Operating Income Full definition →		15.71	17.54	12.31	14.01
Other line items
Average Receivables Full definition →		1,447.48	1,729.22	1,739.55	1,987.14
Average Payables Full definition →		274.93	443.98	367.32	356.99
Average Inventory Full definition →		1,175.74	910.56	1,090.00	1,251.06
Average Assets Full definition →		12,447.98	12,722.84	12,733.89	13,123.32
Average Common Equity Full definition →		8,304.48	8,757.79	9,032.95	9,433.24

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