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.
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First Solar, Inc. (FSLR) Operating cash flow
First Solar, Inc.'s operating cash flow for fiscal 2025 was $2.1B, up 68.9% from $1.2B in fiscal 2024. Over the twelve months to 30 June 2026 it was $2.2B. Over the past ten years it has ranged from −$326.8M (fiscal 2018) to $2.1B (fiscal 2025) — the current reading is the highest in ten years. First Solar, Inc. ranks 2nd of 25 Solar companies by operating cash flow.
Operating cash flow, annual
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Annual newest first
| Period | Operating cash flow | Change |
|---|---|---|
| FY2025 | $2.1B | 68.89% |
| FY2024 | $1.2B | 102.24% |
| FY2023 | $602.3M | (31.04%) |
| FY2022 | $873.4M | 267.64% |
| FY2021 | $237.6M | 539.98% |
| FY2020 | $37.1M | (78.69%) |
| FY2019 | $174.2M | — |
| FY2018 | −$326.8M | — |
| FY2017 | $1.3B | 548.44% |
| FY2016 | $206.8M | — |
Quarterly newest first
| Period | Operating cash flow | Change |
|---|---|---|
| Jun 2026 | −$144.9M | — |
| Mar 2026 | −$214.9M | — |
| Dec 2025 | $1.2B | (2.49%) |
| Sep 2025 | $1.3B | 751.48% |
| 42 more quarters | Free account |
Against its own ten years
Operating cash flow against peers
| Company | Operating cash flow |
|---|---|
| JKS JinkoSolar Holding Company Limited compare | $2.6B |
| FSLR First Solar, Inc. | $2.2B |
| NXT Nextpower Inc. compare | $602.6M |
| ENPH Enphase Energy, Inc. compare | $204.7M |
| ARRY Array Technologies, Inc. compare | $162.9M |
| SEDG SolarEdge Technologies, Inc. compare | $114.1M |
| SHLS Shoals Technologies Group, Inc. compare | −$19.3M |
| DQ DAQO New Energy Corp. compare | −$121.1M |
| RUN Sunrun Inc. compare | −$200.1M |
What Operating cash flow is
Operating Cash Flow shows how much cash a company’s day-to-day business actually brings in, after paying suppliers, staff and taxes.
Reported line item
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- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free 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
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