Friday 6 November 2026 Export FSLR’s income statement to Excel — free account

First Solar, Inc.

FSLR Technology Solar

First Solar, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $5.2 billion, up 24.1% from fiscal 2024.

Revenue: −22.8%
EPS: +25.0%
Free cash flow: −118.5%
Total debt: −80.6%

Quarter to September 2026, against a year earlier

199.66 3.90 +1.99%

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Market cap: $21.0B
P/E: 11.4×
Fwd P/E: 10.1×
Dividend yield: —
F-score: 7/9
Altman Z: 6.28
Beneish M: −2.54
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

	Older periods	Dec '25	Mar '26	Jun '26	Sep '26
Piotroski F-Score Full definition →	+8 more TTM periods Free account	7	7	8	6
ROE Full definition →		17.45%	18.44%	18.51%	18.71%
ROA Full definition →		12.01%	13.08%	13.30%	13.55%
ROIC Full definition →		13.90%	13.65%	13.10%	12.61%
Return on Tangible Assets Full definition →		16.17%	18.29%	19.73%	20.97%
Average Days of Receivables Full definition →		125.43	111.75	119.50	136.70
Free Cash Flow per Share Full definition →		11.07	15.54	13.96	2.17
Free Cash Flow Full definition →		1,187.23	1,667.78	1,500.12	232.79
Capital Expenditures Full definition →		(869.87)	(782.44)	(655.62)	(606.39)
Other line items
Cash ROIC Full definition →		9.21%	13.10%	12.41%	1.85%
Accounts Receivable Turnover Full definition →		3.02	3.12	2.71	2.50
Accounts Payable Turnover Full definition →		6.98	8.59	8.43	8.17
Inventory Turnover Full definition →		3.40	2.90	2.41	2.27
Average Days of Payables Full definition →		47.79	35.48	41.99	48.51
Days of Inventory on Hand Full definition →		86.77	103.35	131.91	163.32
Tax Rate Full definition →		(0.03)	(0.03)	(0.04)	(0.04)
Research and Development Expense of Revenue Full definition →		4.47%	4.58%	5.02%	5.51%
Selling, General and Administrative Expense of Revenue Full definition →		3.90%	3.98%	4.00%	4.65%
Share Based Compensation of Revenue Full definition →		0.37%	0.43%	0.44%	0.51%
Interest Coverage Full definition →		36.18	40.76	46.88	70.33
Operating CF/Net income Full definition →		1.35	1.47	1.23	0.45
Depreciation/Fixed assets Full definition →		0.09	0.10	0.10	0.11
Capex/Depreciation Full definition →		(1.64)	(1.42)	(1.14)	(1.02)
Revenue per Share Full definition →		48.67	50.48	50.05	46.66
Operating CF per Share Full definition →		19.18	22.82	20.06	7.81
Capex per Share Full definition →		(8.11)	(7.29)	(6.10)	(5.64)
Capex to Sales Full definition →		0.17	0.14	0.12	0.12

Show all line items

Columns are period end dates · fundamentals updated 2 Nov 2026

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