FSLRNasdaqSemiconductors & Related DevicesFiscal year ends December 31
FIRST SOLAR, INC.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026
$171.80−0.84 (-0.49%)
Close on Oct 19, 2026
- Market cap
- $18.51B
- P/E (TTM)
- 10.6
- Dividend yield
- –
First Solar statistics
Financials through Jun 30, 2026, price as of Oct 19, 2026, median of Semiconductors & Related Devices companies for comparison
Valuation
| Measure | First Solar | Industry median |
|---|---|---|
| Market Cap | $18.46B | $525.27M |
| Enterprise Value | $16.77B | $589.69M |
| PE Ratio | 10.59 | 35.17 |
| PS Ratio | 3.43 | 3.06 |
| PB Ratio | 1.79 | 3.15 |
| P/TBV Ratio | 1.81 | 3.96 |
| P/FCF Ratio | 12.31 | 31.00 |
| P/OCF Ratio | 8.56 | 24.99 |
Enterprise value
| Measure | First Solar | Industry median |
|---|---|---|
| EV / Sales | 3.12 | 2.65 |
| EV / EBITDA | 7.03 | 22.85 |
| EV / EBIT | 9.27 | 28.85 |
| EV / FCF | 11.18 | 31.48 |
Income (trailing twelve months)
| Measure | First Solar | Industry median |
|---|---|---|
| Revenue | $5.38B | $330.57M |
| Gross Profit | $2.37B | $96.76M |
| Operating Income | $1.81B | -$1.02M |
| Pretax Income | $1.83B | $931.00K |
| Net Income | $1.75B | -$2.96M |
| EBITDA | $2.39B | $794.00K |
| EPS (Diluted) | $16.22 | -$0.01 |
Margins
| Measure | First Solar | Industry median |
|---|---|---|
| Gross Margin | 44.0% | 34.6% |
| Operating Margin | 33.6% | -0.18% |
| Pretax Margin | 33.9% | 2.01% |
| Profit Margin | 32.5% | -1.47% |
| EBITDA Margin | 44.4% | 3.65% |
| FCF Margin | 27.9% | 2.33% |
Returns
| Measure | First Solar | Industry median |
|---|---|---|
| Return on Equity (ROE) | 18.5% | 0.52% |
| Return on Assets (ROA) | 13.3% | -2.56% |
| Return on Invested Capital (ROIC) | 20.9% | 1.40% |
| Return on Capital Employed (ROCE) | 16.0% | -0.15% |
Growth
| Measure | First Solar | Industry median |
|---|---|---|
| Revenue Growth (YoY) | 23.8% | 11.8% |
| Net Income Growth (YoY) | 38.9% | 14.4% |
| EPS Growth (YoY) | 38.8% | 18.8% |
| Revenue Growth (3Y CAGR) | 25.8% | 1.67% |
| Revenue Growth (5Y CAGR) | 14.0% | 6.96% |
| EPS Growth (5Y CAGR) | 30.7% | 9.97% |
Balance sheet
| Measure | First Solar | Industry median |
|---|---|---|
| Cash & Short-Term Investments | $1.73B | $95.33M |
| Total Debt | $37.64M | $153.58M |
| Net Cash (Debt) | $1.69B | $9.42M |
| Net Cash Per Share | $15.72 | $0.26 |
| Equity (Book Value) | $10.32B | $203.20M |
| Book Value Per Share | $96.03 | $5.17 |
| Tangible Book Value | $10.23B | $69.18M |
| Working Capital | $3.21B | $157.77M |
Financial position
| Measure | First Solar | Industry median |
|---|---|---|
| Current Ratio | 2.52 | 2.34 |
| Quick Ratio | 1.52 | 1.30 |
| Debt / Equity | 0.00 | 0.33 |
| Debt / EBITDA | 0.02 | 2.33 |
| Debt / FCF | 0.03 | 2.55 |
| Net Debt / EBITDA | -0.71 | 0.47 |
| Interest Coverage | 46.88 | -0.03 |
Cash flow (trailing twelve months)
| Measure | First Solar | Industry median |
|---|---|---|
| Operating Cash Flow | $2.16B | $3.66M |
| Capital Expenditures | -$655.62M | -$17.61M |
| Free Cash Flow | $1.50B | $3.59M |
| FCF Per Share | $13.96 | $0.17 |
Efficiency
| Measure | First Solar | Industry median |
|---|---|---|
| Asset Turnover | 0.41 | 0.65 |
| Inventory Turnover | 2.41 | 3.09 |
| Revenue Per Employee | $680.77K | $367.12K |
| Profits Per Employee | $221.01K | -$9.66K |
| Employee Count | 7,900 | 534 |
Dividends and yields
| Measure | First Solar | Industry median |
|---|---|---|
| Earnings Yield | 9.46% | -1.04% |
| FCF Yield | 8.12% | 0.65% |
Shares
| Measure | First Solar | Industry median |
|---|---|---|
| Shares Outstanding | 107,470,000 | 50,117,600 |
| Shares Change (YoY) | 0.12% | 2.21% |
| Shares Change (QoQ) | 0.02% | 0.46% |
| Float | 101,788,000 | 49,945,100 |
| Shares Held by Insiders | 5.29% | 5.28% |
| Shares Held by Institutions | 93.3% | 67.4% |
Taxes
| Measure | First Solar | Industry median |
|---|---|---|
| Income Tax | $79.38M | $3.23M |
| Effective Tax Rate | 4.35% | 18.1% |
Scores
| Measure | First Solar | Industry median |
|---|---|---|
| Graham Number | $187.21 | $32.11 |
| Graham Upside | 8.97% | -63.0% |
| Altman Z-Score | 5.54 | 2.84 |
| Piotroski F-Score | 7 | 5 |
| Beneish M-Score | -2.58 | -2.58 |
Calculated by StockData from First Solar's SEC filings and the latest closing price. Hover a measure to see its formula. The grey column is the median of companies in the same industry group (two-digit SIC code); green or red marks a better or worse value than that median.