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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

202.08 6.32 +3.23%
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
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

First Solar, Inc. (FSLR) Book value per share

Alert me on Book value per share

First Solar, Inc.'s book value per share at the end of fiscal 2025 was 88.9×, up 19.3% from 74.5× in fiscal 2024. At the end of the quarter to 30 September 2026 it was 101×. Over the past ten years it has ranged from 48.4× (fiscal 2019) to 88.9× (fiscal 2025) — the current reading is the highest in ten years. First Solar, Inc. ranks 1st of 23 Solar companies by book value per share.

Book value per share, annual

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Annual newest first

Period Book value per share Change
FY2025 88.9× 19.31%
FY2024 74.5× 19.05%
FY2023 62.6× 14.33%
FY2022 54.8× (2.34%)
FY2021 56.1× 7.54%
FY2020 52.1× 7.75%
FY2019 48.4× (2.74%)
FY2018 49.8× 1.82%
FY2017 48.9× (3.66%)
FY2016 50.7× (7.76%)

Quarterly newest first

Period Book value per share Change
Sep 2026 101× 5.42%
Jun 2026 96.0× 4.37%
Mar 2026 92.0× 3.45%
Dec 2025 88.9× 5.83%
43 more quarters

Against its own ten years

Low 48.4× High 88.9×
Ten-year median 54.8×
Current reading's percentile 100

Book value per share against peers

Company Book value per share
FSLR First Solar, Inc. 101×
DQ DAQO New Energy Corp. compare 86.6×
JKS Jinko Holdings Limited - Unsponsored ADR compare 70.5×
RUN Sunrun Inc. compare 19.3×
NXT Nextpower Inc. compare 17.5×
ENPH Enphase Energy, Inc. compare 9.4×
SEDG SolarEdge Technologies, Inc. compare 7.1×
SHLS Shoals Technologies Group, Inc. compare 3.8×
ARRY Array Technologies, Inc. compare −1.3×

What Book value per share is

BV per Share tells an investor how much of a company’s accounting net worth stands behind each share.

(Shareholders Equity (Total) ÷ Shares (Basic, Weighted))

The full definition of Book value per share →

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