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) Return on equity
First Solar, Inc.'s return on equity over the twelve months to 30 September 2026 was 18.7%, up 1.3 percentage points from fiscal 2025 (17.5%). Over the past ten years it has ranged from −7.73% (fiscal 2016) to 17.6% (fiscal 2024); the current reading is higher than 91% of that period. That is above the Solar industry median of 7.14% and above the Technology sector median of 0.00%.
Return on equity, annual
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Annual newest first
| Period | Return on equity | Change (points) |
|---|---|---|
| FY2025 | 17.5% | (0.17) |
| FY2024 | 17.6% | 4.35 |
| FY2023 | 13.3% | 14.02 |
| FY2022 | −0.75% | (8.92) |
| FY2021 | 8.17% | 0.67 |
| FY2020 | 7.50% | 9.73 |
| FY2019 | −2.23% | (5.03) |
| FY2018 | 2.80% | 6.01 |
| FY2017 | −3.21% | 4.52 |
| FY2016 | −7.73% | (18.99) |
Against its own ten years
Return on equity against peers
| Company | Return on equity |
|---|---|
| ARRY Array Technologies, Inc. compare | 108.4% |
| NXT Nextpower Inc. compare | 26.5% |
| FSLR First Solar, Inc. | 18.7% |
| RUN Sunrun Inc. compare | 12.6% |
| ENPH Enphase Energy, Inc. compare | 8.12% |
| SHLS Shoals Technologies Group, Inc. compare | 6.16% |
| DQ DAQO New Energy Corp. compare | 0.00% |
| JKS Jinko Holdings Limited - Unsponsored ADR compare | 0.00% |
| SEDG SolarEdge Technologies, Inc. compare | −50.6% |
| Solar industry median | 7.14% |
| Technology sector median | 0.00% |
| Market median | 1.01% |
What Return on equity is
ROE shows how much profit a company earns for its shareholders on the equity they have in the business.
Annual: Net Income Allotted to Shareholders ÷ Average Common Equity; TTM: Net Income Allotted to Shareholders ÷ Average Common Equity (latest quarter)
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 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