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First Solar, Inc. FSLR

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Price alert · FSLR

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202.40 USD +6.64 (+3.39%)

Nov 6, 2026, 2:52 PM EST

196.69 Day range 207.65
168.15 52-week range 318.25
YTD
-22.52%
1 year
-25.58%

Financial health

Altman Z-Score

5.93 Safe zone

Bankruptcy-risk model: below 1.81 distress, above 2.99 safe.

Piotroski F-Score

6 / 9 Average

Nine pass/fail tests of profitability, leverage and efficiency.

Rating

A-4 / 5 overall

  • DCF 1
  • Return on Equity 4
  • Return on Assets 5
  • Debt / Equity 5
  • P/E 3
  • P/B 3

Valuation

P/E 18.3×
FY 2016: -9.2×FY 2017: -42.5×FY 2018: 30.8×FY 2019: -51.3×FY 2020: 26.3×FY 2021: 19.8×FY 2022: -365×FY 2023: 22.1×FY 2024: 14.6×FY 2025: 18.3×
FY 2016 5y median 18.3× FY 2025
P/S 5.4×
FY 2016: 1.1×FY 2017: 2.4×FY 2018: 2.0×FY 2019: 1.9×FY 2020: 3.9×FY 2021: 3.2×FY 2022: 6.1×FY 2023: 5.5×FY 2024: 4.5×FY 2025: 5.4×
FY 2016 5y median 5.4× FY 2025
P/B 2.9×
FY 2016: 0.6×FY 2017: 1.4×FY 2018: 0.9×FY 2019: 1.2×FY 2020: 1.9×FY 2021: 1.6×FY 2022: 2.7×FY 2023: 2.8×FY 2024: 2.4×FY 2025: 2.9×
FY 2016 5y median 2.7× FY 2025
P/FCF 23.6×
FY 2016: -145×FY 2017: 8.5×FY 2018: -4.2×FY 2019: -11.9×FY 2020: -27.6×FY 2021: -30.6×FY 2022: -528×FY 2023: -23.5×FY 2024: -61.2×FY 2025: 23.6×
FY 2016 5y median -30.6× FY 2025
EV/EBITDA 11.9×
FY 2016: -7.6×FY 2017: 15.2×FY 2018: 13.0×FY 2019: 45.7×FY 2020: 17.7×FY 2021: 9.7×FY 2022: 50.6×FY 2023: 14.1×FY 2024: 9.6×FY 2025: 11.9×
FY 2016 5y median 11.9× FY 2025
EV/Sales 4.9×
FY 2016: 0.7×FY 2017: 1.8×FY 2018: 1.6×FY 2019: 1.7×FY 2020: 3.6×FY 2021: 2.8×FY 2022: 5.6×FY 2023: 5.1×FY 2024: 4.3×FY 2025: 4.9×
FY 2016 5y median 4.9× FY 2025
FCF Yield 4.2%
FY 2016: -0.7%FY 2017: 11.7%FY 2018: -24.0%FY 2019: -8.4%FY 2020: -3.6%FY 2021: -3.3%FY 2022: -0.2%FY 2023: -4.3%FY 2024: -1.6%FY 2025: 4.2%
FY 2016 5y median -1.6% FY 2025

Profitability

Gross Margin 40.6%
FY 2016: 22.0%FY 2017: 18.7%FY 2018: 17.5%FY 2019: 17.9%FY 2020: 25.1%FY 2021: 25.0%FY 2022: 2.7%FY 2023: 39.2%FY 2024: 44.2%FY 2025: 40.6%
FY 2016 5y median 39.2% FY 2025
Operating Margin 30.6%
FY 2016: -19.6%FY 2017: 6.0%FY 2018: 1.8%FY 2019: -5.3%FY 2020: 11.7%FY 2021: 20.1%FY 2022: -1.0%FY 2023: 25.8%FY 2024: 33.2%FY 2025: 30.6%
FY 2016 5y median 25.8% FY 2025
Net Margin 29.3%
FY 2016: -14.3%FY 2017: -5.6%FY 2018: 6.4%FY 2019: -3.8%FY 2020: 14.7%FY 2021: 16.0%FY 2022: -1.7%FY 2023: 25.0%FY 2024: 30.7%FY 2025: 29.3%
FY 2016 5y median 25.0% FY 2025
ROE 16.0%
FY 2016: -8.0%FY 2017: -3.2%FY 2018: 2.8%FY 2019: -2.3%FY 2020: 7.2%FY 2021: 7.9%FY 2022: -0.8%FY 2023: 12.4%FY 2024: 16.2%FY 2025: 16.0%
FY 2016 5y median 12.4% FY 2025
ROIC 13.7%
FY 2016: -9.5%FY 2017: -2.3%FY 2018: 0.6%FY 2019: -2.5%FY 2020: 5.0%FY 2021: 7.2%FY 2022: 1.9%FY 2023: 8.7%FY 2024: 12.4%FY 2025: 13.7%
FY 2016 5y median 8.7% FY 2025
ROA 11.5%
FY 2016: -6.1%FY 2017: -2.4%FY 2018: 2.0%FY 2019: -1.5%FY 2020: 5.6%FY 2021: 6.3%FY 2022: -0.5%FY 2023: 8.0%FY 2024: 10.7%FY 2025: 11.5%
FY 2016 5y median 8.0% FY 2025

Growth (YoY)

Revenue 24.1%
FY 2016: -29.4%FY 2017: 1.3%FY 2018: -23.7%FY 2019: 36.5%FY 2020: -11.5%FY 2021: 7.8%FY 2022: -10.4%FY 2023: 26.7%FY 2024: 26.7%FY 2025: 24.1%
FY 2016 FY 2025
Operating Income 14.5%
FY 2016: -177.8%FY 2017: 131.3%FY 2018: -77.4%FY 2019: -503.3%FY 2020: 296.2%FY 2021: 84.8%FY 2022: -104.6%FY 2023: 3247.5%FY 2024: 62.7%FY 2025: 14.5%
FY 2016 FY 2025
EPS (diluted) 18.2%
FY 2016: -164.8%FY 2017: 54.3%FY 2018: 185.5%FY 2019: -180.1%FY 2020: 442.2%FY 2021: 17.4%FY 2022: -109.4%FY 2023: 1987.8%FY 2024: 55.3%FY 2025: 18.2%
FY 2016 FY 2025
Free Cash Flow 485.4%
FY 2016: 95.7%FY 2017: 3740.3%FY 2018: -229.1%FY 2019: 53.6%FY 2020: 23.3%FY 2021: 20.2%FY 2022: 90.0%FY 2023: -2494.6%FY 2024: 60.7%FY 2025: 485.4%
FY 2016 FY 2025

Financial Health

Current Ratio 2.7×
FY 2016: 4.2×FY 2017: 5.9×FY 2018: 4.6×FY 2019: 2.7×FY 2020: 3.6×FY 2021: 4.4×FY 2022: 3.7×FY 2023: 3.5×FY 2024: 2.4×FY 2025: 2.7×
FY 2016 5y median 3.5× FY 2025
Quick Ratio 2.2×
FY 2016: 3.7×FY 2017: 5.6×FY 2018: 4.0×FY 2019: 2.4×FY 2020: 2.7×FY 2021: 3.3×FY 2022: 2.9×FY 2023: 2.8×FY 2024: 1.8×FY 2025: 2.2×
FY 2016 5y median 2.8× FY 2025
Debt / Equity 0.1×
FY 2016: 0.0×FY 2017: 0.1×FY 2018: 0.1×FY 2019: 0.1×FY 2020: 0.1×FY 2021: 0.1×FY 2022: 0.0×FY 2023: 0.1×FY 2024: 0.1×FY 2025: 0.1×
FY 2016 5y median 0.1× FY 2025
Net Debt / EBITDA -1.1×
FY 2016: 4.0×FY 2017: -5.3×FY 2018: -3.5×FY 2019: -6.7×FY 2020: -1.4×FY 2021: -1.2×FY 2022: -4.3×FY 2023: -1.1×FY 2024: -0.5×FY 2025: -1.1×
FY 2016 5y median -1.1× FY 2025
Interest Coverage 36.2×
FY 2016: -27.7×FY 2017: 6.9×FY 2018: 1.5×FY 2019: -6.0×FY 2020: 13.2×FY 2021: 44.8×FY 2022: -2.2×FY 2023: 66.1×FY 2024: 35.9×FY 2025: 36.2×
FY 2016 5y median 36.2× FY 2025

Dividends

Dividend Yield 0.0%
FY 2016: 0.0%FY 2017: 0.0%FY 2018: 0.0%FY 2019: 0.0%FY 2020: 0.0%FY 2021: 0.0%FY 2022: 0.0%FY 2023: 0.0%FY 2024: 0.0%FY 2025: 0.0%
FY 2016 5y median 0.0% FY 2025
Payout Ratio 0.0%
FY 2016: 0.0%FY 2017: 0.0%FY 2018: 0.0%FY 2019: 0.0%FY 2020: 0.0%FY 2021: 0.0%FY 2022: 0.0%FY 2023: 0.0%FY 2024: 0.0%FY 2025: 0.0%
FY 2016 5y median 0.0% FY 2025

Annual · latest fiscal year ends 2025-12-31