DAQO New Energy Corp. (DQ) vs First Solar, Inc. (FSLR)
DAQO New Energy Corp. and First Solar, Inc. are both Solar companies. First Solar, Inc. is the larger, with a market value of $18.7B against $774.8M — 24.1× the size. DAQO New Energy Corp. has negative trailing earnings, so its P/E is not meaningful; First Solar, Inc. trades at 10.9×. First Solar, Inc. grew revenue faster over the last twelve months: 23.8% against −6.28%. First Solar, Inc. has the higher net margin (32.5% vs −34.5%) and the higher return on invested capital (13.1% vs −4.45%). Across the 20 metrics below, First Solar, Inc. leads on 13 and DAQO New Energy Corp. on 7.
Valuation
Profitability
| Metric | DQ | FSLR | Solar median |
|---|---|---|---|
| Gross margin | (35.45%) | 44.02% | 31.92% |
| Operating margin | (52.20%) | 33.65% | (9.70%) |
| Net margin | (34.50%) | 32.47% | (8.48%) |
| Free cash flow margin | (47.06%) | 27.89% | (2.95%) |
| Return on equity | 0.00% | 18.51% | 5.34% |
| Return on assets | (3.04%) | 13.30% | (5.36%) |
| Return on invested capital | (4.45%) | 13.10% | (5.27%) |
Growth
Health
Dividend
Size
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