Market cap
$21,973 Mln
Revenue (TTM)
$5,378 Mln
P/E Ratio
12.6
P/B Ratio
2.2
Div. Yield
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) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Dec-25 | Dec-24 |
| EBIT-Margin
| 30.91 | 22.71 | 34.66 | 31.13 | 34.36 |
| Net Margin
| -- | 16.04 | 32.47 | -- | -- |
| Return on equity
| 16.11 | 11.15 | 17.58 | 17.45 | 17.62 |
| Return on Capital
| 14.96 | 10.35 | -- | 16.32 | 16.14 |
| Return on Assets
| 10.81 | 7.66 | 11.19 | 12.01 | 11.49 |
| Debt to Equity (x)
| -- | -- | 0.00 | 0.05 | 0.09 |
Profitability
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
|
--
|
--
|
--
|
--
|
--
|
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
|
--
|
--
|
--
|
--
|
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
|
--
|
--
|
--
|
--
|
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
|
--
|
--
|
--
|
--
|
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
|
--
|
--
|
--
|
--
|
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
|
--
|
--
|
--
|
--
|
--
|
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
|
--
|
--
|
--
|
--
|
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
|
--
|
--
|
--
|
--
|
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
|
--
|
--
|
--
|
--
|
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
|
--
|
--
|
--
|
--
|
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
|
--
|
--
|
--
|
--
|
Solvency
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
|
--
|
--
|
--
|
--
|
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
|
--
|
--
|
--
|
--
|
--
|
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
|
--
|
--
|
--
|
--
|
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
|
--
|
--
|
--
|
--
|
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
|
--
|
--
|
--
|
--
|
Operating Efficiency
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
|
--
|
--
|
--
|
--
|
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
|
--
|
--
|
--
|
--
|
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
|
--
|
--
|
--
|
--
|
--
|
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
|
--
|
--
|
--
|
--
|
--
|
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
|
--
|
--
|
--
|
--
|
--
|
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
|
--
|
--
|
--
|
--
|
--
|
Valuation
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
|
--
|
--
|
--
|
--
|
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
|
--
|
--
|
--
|
--
|
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
|
--
|
--
|
--
|
--
|
--
|
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
|
--
|
--
|
--
|
--
|
--
|
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
|
--
|
--
|
--
|
--
|