stockrowFirst 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
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First Solar, Inc. (FSLR) Free cash flow
First Solar, Inc.'s free cash flow for fiscal 2025 was $1.2B, compared with −$308.1M in fiscal 2024. Over the twelve months to 30 September 2026 it was $232.8M. Over the past ten years it has ranged from −$1.1B (fiscal 2018) to $1.2B (fiscal 2025) — the current reading is the highest in ten years. First Solar, Inc. ranks 2nd of 22 Solar companies by free cash flow.
Free cash flow, annual
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Annual newest first
| Period | Free cash flow | Change |
|---|---|---|
| FY2025 | $1.2B | — |
| FY2024 | −$308.1M | — |
| FY2023 | −$784.5M | — |
| FY2022 | −$30.2M | — |
| FY2021 | −$302.7M | — |
| FY2020 | −$379.5M | — |
| FY2019 | −$494.5M | — |
| FY2018 | −$1.1B | — |
| FY2017 | $826.3M | — |
| FY2016 | −$22.7M | — |
Quarterly newest first
| Period | Free cash flow | Change |
|---|---|---|
| Sep 2026 | −$197.8M | — |
| Jun 2026 | −$306.2M | — |
| Mar 2026 | −$333.4M | — |
| Dec 2025 | $1.1B | 0.06% |
| 43 more quarters | Free account |
Against its own ten years
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| NXT Nextpower Inc. compare | $512.3M |
| FSLR First Solar, Inc. | $232.8M |
| RUN Sunrun Inc. compare | $222.8M |
| ENPH Enphase Energy, Inc. compare | $135.4M |
| ARRY Array Technologies, Inc. compare | $134.7M |
| SEDG SolarEdge Technologies, Inc. compare | $75.3M |
| SHLS Shoals Technologies Group, Inc. compare | −$34.5M |
| DQ DAQO New Energy Corp. compare | −$253.2M |
| JKS Jinko Holdings Limited - Unsponsored ADR compare | −$3.0B |
What Free cash flow is
Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.
Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)
More on FSLR
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement