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) Revenue growth
First Solar, Inc.'s revenue growth over the twelve months to 30 September 2026 was −0.72%, down 24.8 percentage points from fiscal 2025 (24.1%). Over the past ten years it has ranged from −29.4% (fiscal 2016) to 36.5% (fiscal 2019); the current reading is higher than 73% of that period. That is below the Solar industry median of 10.5% and below the Technology sector median of 11.8%.
Revenue growth, annual
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Annual newest first
| Period | Revenue growth | Change (points) |
|---|---|---|
| FY2025 | 24.1% | (2.66) |
| FY2024 | 26.8% | 0.05 |
| FY2023 | 26.7% | 37.10 |
| FY2022 | −10.4% | (18.22) |
| FY2021 | 7.82% | 19.30 |
| FY2020 | −11.5% | (47.98) |
| FY2019 | 36.5% | 60.21 |
| FY2018 | −23.7% | (24.98) |
| FY2017 | 1.27% | 30.64 |
| FY2016 | −29.4% | (50.64) |
Quarterly newest first
| Period | Revenue growth | Change (points) |
|---|---|---|
| Sep 2026 | −22.8% | (19.09) |
| Jun 2026 | −3.73% | (27.37) |
| Mar 2026 | 23.6% | 12.49 |
| Dec 2025 | 11.2% | (68.52) |
| 43 more quarters | Free account |
Against its own ten years
Revenue growth against peers
| Company | Revenue growth |
|---|---|
| RUN Sunrun Inc. compare | 66.2% |
| SHLS Shoals Technologies Group, Inc. compare | 49.2% |
| SEDG SolarEdge Technologies, Inc. compare | 26.1% |
| NXT Nextpower Inc. compare | 13.7% |
| ARRY Array Technologies, Inc. compare | 1.18% |
| FSLR First Solar, Inc. | −0.72% |
| JKS Jinko Holdings Limited - Unsponsored ADR compare | −19.1% |
| ENPH Enphase Energy, Inc. compare | −19.9% |
| DQ DAQO New Energy Corp. compare | −20.9% |
| Solar industry median | 10.5% |
| Technology sector median | 11.8% |
| Market median | 7.58% |
What Revenue growth is
Revenue Growth shows how fast a company’s sales are rising or falling compared with the same period a year earlier.
(Revenue − Revenue a year earlier) ÷ |Revenue a year earlier|
More on FSLR
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- 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
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement