First Solar (FSLR) Key Ratios

$205.97

up-down-arrow $-1.46 (-0.70%)

As on 04-Sep-2026 12:33EDT

Market cap

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$21,973 Mln

Revenue (TTM)

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$5,378 Mln

P/E Ratio

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12.6

P/B Ratio

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2.2

Div. Yield

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0 %

Key Ratios and Highlights

Growth Score (%) Quarterly Annual (TTM)
Particulars QoQ YoY 1-Year 3-Years 5-Years
Revenue 1.14 -3.73 23.82 21.61 12.61
EBIT 28.45 28.67 34.92 124.75 24.41
Net Profit 21.91 23.61 38.85 162.75 28.29
EPS 21.79 23.36 38.72 123.39 25.23
Book Value -- -- 19.49 17.41 11.41
Key Ratios (%) Average Annual (TTM)
Particulars3-Years5-YearsTTMDec-25Dec-24
EBIT-Margin info 30.9122.7134.6631.1334.36
Net Margin info --16.0432.47----
Return on equity info 16.1111.1517.5817.4517.62
Return on Capital info 14.9610.35--16.3216.14
Return on Assets info 10.817.6611.1912.0111.49
Debt to Equity (x) info ----0.000.050.09
ROCE

--

--

Earning before interest and taxes / (Average net worth + Average total Debt) * 100

Company Name
TTM
Dec-25
Dec-24
Dec-23
Dec-22
First Solar (FSLR)
--
16.32
16.14
12.42
-0.71
Peer Median
--
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
ROE

17.58

Higher than Peers by 21.12

Profit after tax / Average Net worth * 100

Company Name
TTM
Dec-25
Dec-24
Dec-23
Dec-22
First Solar (FSLR)
17.58
17.45
17.62
13.27
-0.75
Peer Median
-3.53
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
ROA

11.19

Higher than Peers by 13.96

Profit after tax / Average Total assets * 100

Company Name
TTM
Dec-25
Dec-24
Dec-23
Dec-22
First Solar (FSLR)
11.19
12.01
11.49
8.93
-0.56
Peer Median
-2.77
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
EBIT Margin

34.66

Higher than Peers by 47.96

Operating profit (EBIT) / Net Sales * 100

Company Name
TTM
Dec-25
Dec-24
Dec-23
Dec-22
First Solar (FSLR)
34.66
31.13
34.36
27.25
0.79
Peer Median
-13.30
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Net Margin

32.47

Higher than Peers by 58.11

Net profit / Total Income (Net sales plus other income) * 100

Company Name
TTM
Dec-25
Dec-24
Dec-23
Dec-22
First Solar (FSLR)
32.47
29.28
30.72
25.03
-1.69
Peer Median
-25.65
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Cash Profit Margin

--

--

(Net profit + Depreciation) / Gross Sales * 100

Company Name
TTM
Dec-25
Dec-24
Dec-23
Dec-22
First Solar (FSLR)
--
--
--
--
--
Peer Median
--
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Revenue Growth

23.82

Higher than Peers by 21.29

Year on year growth in net sales

Company Name
TTM
Dec-25
Dec-24
Dec-23
Dec-22
First Solar (FSLR)
23.82
0.24
0.27
0.27
-0.10
Peer Median
2.53
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
EBIT Growth

34.92

Higher than Peers by 44.24

Year on year growth in operating profit (EBIT)

Company Name
TTM
Dec-25
Dec-24
Dec-23
Dec-22
First Solar (FSLR)
34.92
12.44
59.82
4,242.58
-96.44
Peer Median
-9.32
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Net Profit Growth

38.85

Higher than Peers by 65.01

Year on year growth in profit after tax

Company Name
TTM
Dec-25
Dec-24
Dec-23
Dec-22
First Solar (FSLR)
38.85
18.28
55.52
1,981.03
-109.42
Peer Median
-26.16
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
EPS Growth

38.72

Higher than Peers by 36.88

Year on year growth in earnings per share

Company Name
TTM
Dec-25
Dec-24
Dec-23
Dec-22
First Solar (FSLR)
38.72
0.18
0.55
19.64
-1.09
Peer Median
1.84
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Book Value Growth

20.52

Higher than Peers by 18.84

Year on year growth in book value per share

Company Name
TTM
Dec-25
Dec-24
Dec-23
Dec-22
First Solar (FSLR)
20.52
--
--
--
--
Peer Median
1.68
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Debt to Equity

--

--

Total debt / Net worth

Company Name
TTM
Dec-25
Dec-24
Dec-23
Dec-22
First Solar (FSLR)
--
0.05
0.09
0.09
0.04
Peer Median
0.48
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Short term debt to equity ratio

0.01

--

(Short term borrowings / Net worth)

Company Name
TTM
Dec-25
Dec-24
Dec-23
Dec-22
First Solar (FSLR)
0.01
0.02
0.03
0.02
0.00
Peer Median
--
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Current Ratio

2.52

Higher than Peers by 0.45

Current Assets / Current Liabilities and Provisions

Company Name
TTM
Dec-25
Dec-24
Dec-23
Dec-22
First Solar (FSLR)
2.52
2.67
2.45
3.55
3.65
Peer Median
2.07
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Quick Ratio

2.00

Higher than Peers by 0.50

(Current Assets - Inventory) / Current Liabilities and Provisions

Company Name
TTM
Dec-25
Dec-24
Dec-23
Dec-22
First Solar (FSLR)
2.00
2.20
1.80
2.77
2.90
Peer Median
1.50
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Interest Coverage

48.29

Higher than Peers by 48.16

Earning before interest and taxes (EBIT) / Interest Expenses

Company Name
TTM
Dec-25
Dec-24
Dec-23
Dec-22
First Solar (FSLR)
48.29
36.82
37.18
69.75
1.70
Peer Median
0.13
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Operating Efficiency

View Detailed Peer Comparison

Debtors to sales

35.08

Higher than Peers by 10.54

Debtors outstanding / Net Sales * 100

Company Name
TTM
Dec-25
Dec-24
Dec-23
Dec-22
First Solar (FSLR)
35.08
37.16
43.00
42.42
12.58
Peer Median
24.54
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Asset Turnover

0.34

Higher than Peers by 0.12

Sales / Average Total Assets

Company Name
TTM
Dec-25
Dec-24
Dec-23
Dec-22
First Solar (FSLR)
0.34
0.41
0.37
0.36
0.33
Peer Median
0.23
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Receivable days

--

--

Average Debtors / Sales * 365

Company Name
TTM
Dec-25
Dec-24
Dec-23
Dec-22
First Solar (FSLR)
--
131.15
139.65
95.60
54.68
Peer Median
--
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Inventory Days

--

--

Average Inventory / Sales * 365

Company Name
TTM
Dec-25
Dec-24
Dec-23
Dec-22
First Solar (FSLR)
--
142.69
183.57
162.49
114.81
Peer Median
--
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Payable days

--

--

Average Creditors / Cost of goods sold * 365

Company Name
TTM
Dec-25
Dec-24
Dec-23
Dec-22
First Solar (FSLR)
--
52.33
53.61
49.65
38.31
Peer Median
--
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Cash Conversion Cycle

--

--

Receivable Days + Inventory Days - Payable Days

Company Name
TTM
Dec-25
Dec-24
Dec-23
Dec-22
First Solar (FSLR)
--
221.51
269.61
208.44
131.18
Peer Median
--
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Price / Earnings

12.61

Lower than Peers by 35.63

Current share price divided by earning per share in the last twelve months

Company Name
TTM
Dec-25
Dec-24
Dec-23
Dec-22
First Solar (FSLR)
12.61
18.40
14.68
22.30
-361.56
Peer Median
48.24
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Price / Book Value

2.19

Higher than Peers by 0.04

Current share price divided by book value per share in the latest financial year

Company Name
TTM
Dec-25
Dec-24
Dec-23
Dec-22
First Solar (FSLR)
2.19
2.95
2.38
2.77
2.74
Peer Median
2.15
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Dividend Yield

--

--

Dividend per share in the past twelve months divided by current share price

Company Name
TTM
Dec-25
Dec-24
Dec-23
Dec-22
First Solar (FSLR)
--
--
--
--
--
Peer Median
--
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
EV/EBITDA

8.62

--

Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)

Company Name
TTM
Dec-25
Dec-24
Dec-23
Dec-22
First Solar (FSLR)
8.62
11.96
9.57
14.07
46.89
Peer Median
--
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Market Cap

21,973

Higher than Peers by 21,780

Current Share price multiplied by latest total number of shares outstanding

Company Name
TTM
Dec-25
Dec-24
Dec-23
Dec-22
First Solar (FSLR)
21,973
--
--
--
--
Peer Median
193
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
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