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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/S ratio

Alert me on P/S ratio

As of 9 October 2026, First Solar, Inc. (FSLR) trades at a P/S ratio of 3.6×. Over the past ten years it has ranged from 0.7× (November 2016) to 9.0× (June 2024); the current reading is higher than 63% of that period. That is above the Solar industry median of 0.5× and above the Technology sector median of 2.9×.

P/S ratio, daily

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Annual newest first

Period P/S ratio Change
FY2025 5.4× 19.70%
FY2024 4.5× (19.07%)
FY2023 5.5× (6.68%)
FY2022 5.9× 87.38%
FY2021 3.2× (17.97%)
FY2020 3.9× 100.76%
FY2019 1.9× (2.93%)
FY2018 2.0× (20.66%)
FY2017 2.5× 110.31%
FY2016 1.2× (26.62%)

Quarterly newest first

Period P/S ratio Change
Jun 2026 4.7× 20.65%
Mar 2026 3.9× (27.19%)
Dec 2025 5.4× 14.59%
Sep 2025 4.7× 14.59%
42 more quarters

Against its own ten years

Low 0.7× High 9.0×
Ten-year median 2.8×
Current reading's percentile 59

P/S ratio against peers

Company P/S ratio
JKS JinkoSolar Holding Company Limited compare 0.1×
DQ DAQO New Energy Corp. compare 0.3×
ARRY Array Technologies, Inc. compare 0.5×
RUN Sunrun Inc. compare 0.5×
SEDG SolarEdge Technologies, Inc. compare 1.5×
SHLS Shoals Technologies Group, Inc. compare 2.5×
ENPH Enphase Energy, Inc. compare 3.3×
FSLR First Solar, Inc. 3.6×
NXT Nextpower Inc. compare 3.6×
Solar industry median 0.5×
Technology sector median 2.9×
Market median 1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

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