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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. 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%
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

First Solar, Inc. (FSLR) Current ratio

Alert me on Current ratio

First Solar, Inc.'s current ratio at the end of the quarter to 30 June 2026 was 2.5×, down 0.2× from fiscal 2025 (2.7×). Over the past ten years it has ranged from 2.4× (fiscal 2024) to 5.9× (fiscal 2017); the current reading is higher than 18% of that period. That is above the Solar industry median of 1.3× and above the Technology sector median of 1.8×.

Current ratio, annual

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Annual newest first

Period Current ratio Change
FY2025 2.7× 9.18%
FY2024 2.4× (30.96%)
FY2023 3.5× (2.85%)
FY2022 3.7× (16.81%)
FY2021 4.4× 23.41%
FY2020 3.6× 30.26%
FY2019 2.7× (40.18%)
FY2018 4.6× (22.55%)
FY2017 5.9× 41.27%
FY2016 4.2× 19.82%

Quarterly newest first

Period Current ratio Change
Jun 2026 2.5× (1.52%)
Mar 2026 2.6× (4.41%)
Dec 2025 2.7× 40.03%
Sep 2025 1.9× 0.46%
42 more quarters

Against its own ten years

Low 2.4× High 5.9×
Ten-year median 3.6×
Current reading's percentile 18

Current ratio against peers

Company Current ratio
DQ DAQO New Energy Corp. compare 5.8×
ENPH Enphase Energy, Inc. compare 3.5×
NXT Nextpower Inc. compare 2.7×
FSLR First Solar, Inc. 2.5×
SHLS Shoals Technologies Group, Inc. compare 2.2×
ARRY Array Technologies, Inc. compare 2.2×
SEDG SolarEdge Technologies, Inc. compare 2.0×
RUN Sunrun Inc. compare 1.4×
JKS JinkoSolar Holding Company Limited compare 1.1×
Solar industry median 1.3×
Technology sector median 1.8×
Market median 1.6×

What Current ratio is

Current Ratio shows whether a company’s short-term assets are enough to cover the bills and debts it must pay within the next year.

Current Assets (Total) ÷ Current Liabilities (Total)

The full definition of Current ratio →

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