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Sunday 11 October 2026 Export all FSLR data to Excel Powerpack

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) EV/Sales

Alert me on EV/Sales

As of 9 October 2026, First Solar, Inc. (FSLR) trades at a EV/Sales of 3.3×. Over the past ten years it has ranged from 0.2× (April 2017) to 8.6× (June 2024); the current reading is higher than 64% of that period. That is above the Solar industry median of 0.7× and above the Technology sector median of 2.8×.

EV/Sales, daily

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Annual newest first

Period EV/Sales Change
FY2025 4.9× 16.97%
FY2024 4.2× (17.20%)
FY2023 5.1× 0.98%
FY2022 5.0× 91.43%
FY2021 2.6× (20.94%)
FY2020 3.3× 142.19%
FY2019 1.4× 30.01%
FY2018 1.1× (34.72%)
FY2017 1.6× 178.78%
FY2016 0.6× (53.41%)

Quarterly newest first

Period EV/Sales Change
Jun 2026 4.4× 25.61%
Mar 2026 3.5× (28.01%)
Dec 2025 4.9× 11.99%
Sep 2025 4.4× 10.99%
42 more quarters

Against its own ten years

Low 0.2× High 8.6×
Ten-year median 2.2×
Current reading's percentile 60

EV/Sales against peers

Company EV/Sales
DQ DAQO New Energy Corp. compare −2.6×
JKS JinkoSolar Holding Company Limited compare 0.1×
ARRY Array Technologies, Inc. compare 0.8×
SEDG SolarEdge Technologies, Inc. compare 1.5×
SHLS Shoals Technologies Group, Inc. compare 2.8×
NXT Nextpower Inc. compare 3.3×
FSLR First Solar, Inc. 3.3×
ENPH Enphase Energy, Inc. compare 3.5×
RUN Sunrun Inc. compare 4.6×
Solar industry median 0.7×
Technology sector median 2.8×
Market median 2.2×

What EV/Sales is

EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ Revenue (TTM)

The full definition of EV/Sales →

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