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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) P/E ratio

Alert me on P/E ratio

As of 9 October 2026, First Solar, Inc. (FSLR) trades at a P/E ratio of 10.9×. Over the past ten years it has ranged from 0.0× (March 2023) to 594× (May 2023); the current reading is higher than 35% of that period. That is in line with the Solar industry median of 10.9× and below the Technology sector median of 30.1×.

P/E ratio, daily

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Annual newest first

Period P/E ratio Change
FY2025 18.3× 25.44%
FY2024 14.6× (33.96%)
FY2023 22.1× —
FY2022 0.0× —
FY2021 19.7× (25.21%)
FY2020 26.3× —
FY2019 0.0× —
FY2018 30.8× —
FY2017 0.0× —
FY2016 0.0× —

Quarterly newest first

Period P/E ratio Change
Jun 2026 14.5× 14.17%
Mar 2026 12.7× (30.67%)
Dec 2025 18.3× 8.65%
Sep 2025 16.9× 19.66%
42 more quarters

Against its own ten years

Low 0.0× High 594×
Ten-year median 15.6×
Current reading's percentile 12

P/E ratio against peers

Company P/E ratio
DQ DAQO New Energy Corp. compare n/m
SEDG SolarEdge Technologies, Inc. compare n/m
ARRY Array Technologies, Inc. compare n/m
JKS JinkoSolar Holding Company Limited compare n/m
RUN Sunrun Inc. compare 4.5×
FSLR First Solar, Inc. 10.9×
NXT Nextpower Inc. compare 21.6×
ENPH Enphase Energy, Inc. compare 32.1×
SHLS Shoals Technologies Group, Inc. compare 46.3×
Solar industry median 10.9×
Technology sector median 30.1×
Market median 17.9×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

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