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

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

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Columns are period end dates

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