First Solar, Inc. (FSLR) vs SolarEdge Technologies, Inc. (SEDG)
First Solar, Inc. and SolarEdge Technologies, Inc. are both Solar companies. First Solar, Inc. is the larger, with a market value of $18.7B against $2.0B — 9.4× the size. SolarEdge Technologies, Inc. has negative trailing earnings, so its P/E is not meaningful; First Solar, Inc. trades at 10.9×. SolarEdge Technologies, Inc. grew revenue faster over the last twelve months: 41.7% against 23.8%. First Solar, Inc. has the higher net margin (32.5% vs −20.3%) and the higher return on invested capital (13.1% vs −59.6%). Across the 20 metrics below, First Solar, Inc. leads on 16 and SolarEdge Technologies, Inc. on 4.
Valuation
Profitability
| Metric | FSLR | SEDG | Solar median |
|---|---|---|---|
| Gross margin | 44.02% | 23.27% | 31.92% |
| Operating margin | 33.65% | (11.60%) | (9.70%) |
| Net margin | 32.47% | (20.29%) | (8.48%) |
| Free cash flow margin | 27.89% | 8.85% | (2.95%) |
| Return on equity | 18.51% | (58.42%) | 5.34% |
| Return on assets | 13.30% | (11.28%) | (5.36%) |
| Return on invested capital | 13.10% | (59.63%) | (5.27%) |
Growth
Health
Dividend
Size
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