← FIRST SOLAR, INC. FSLR
Market Price
$225.64
Market Cap
$24.02B
P/E Ratio
15.88
Revenue (FY 2025)
↑24.1% YoY
$5.22B
3-Yr CAGR: 25.8%
Net Income
↑18.3% YoY
$1.53B
Net Margin: 29.3%
Free Cash Flow
↑485.4% YoY
$1.19B
FCF Yield: 4.94%
EPS (Diluted)
↑18.2% YoY
$14.21
Basic: $14.25
Return on Equity
Efficiency
16.0%
ROA: 25.3%
📊 Multi-Year Historical Performance & Trends
Financial Performance History
Revenue, Net Income & Free Cash Flow
Margins Trend (%)
Gross, Operating & Net Margins
Balance Sheet Strength
Cash, Debt & Equity
Cash Flow Generation
Operating Cash Flow vs CapEx vs FCF
📈 Year-over-Year (YoY) Growth History (FSLR)
All monetary values in millions ($M)| Fiscal Year | Revenue | Revenue YoY | Gross Profit | Net Income | Net Inc YoY | Diluted EPS | EPS YoY | Op. Cash Flow | Free Cash Flow | FCF YoY |
|---|---|---|---|---|---|---|---|---|---|---|
| FY 2016 | $2,951.3M | — | $704.0M | $-358.0M | — | $-3.48 | — | $206.8M | $-22.7M | — |
| FY 2017 | $2,941.3M | -0.3% | $548.9M | $-165.6M | +53.7% | $-1.59 | +54.3% | $1,340.7M | $826.3M | +3,740.3% |
| FY 2018 | $2,244.0M | -23.7% | $392.2M | $144.3M | +187.1% | $1.36 | +185.5% | $-326.8M | $-1,066.6M | -229.1% |
| FY 2019 | $3,063.1M | +36.5% | $549.2M | $-114.9M | -179.6% | $-1.09 | -180.1% | $174.2M | $-494.5M | +53.6% |
| FY 2020 | $2,711.3M | -11.5% | $680.7M | $398.4M | +446.6% | $3.73 | +442.2% | $37.1M | $-379.5M | +23.3% |
| FY 2021 | $2,923.4M | +7.8% | $730.0M | $468.7M | +17.7% | $4.38 | +17.4% | $237.6M | $-302.7M | +20.2% |
| FY 2022 | $2,619.3M | -10.4% | $69.9M | $-44.2M | -109.4% | $-0.41 | -109.4% | $873.4M | $-30.2M | +90.0% |
| FY 2023 | $3,318.6M | +26.7% | $1,300.7M | $830.8M | +1,981.0% | $7.74 | +1,987.8% | $602.3M | $-784.5M | -2,494.6% |
| FY 2024 | $4,206.3M | +26.7% | $1,857.9M | $1,292.0M | +55.5% | $12.02 | +55.3% | $1,218.0M | $-308.1M | +60.7% |
| FY 2025 | $5,219.4M | +24.1% | $2,120.3M | $1,528.2M | +18.3% | $14.21 | +18.2% | $2,057.1M | $1,187.2M | +485.4% |
Valuation
Market Price
$225.64
Market Cap
$24.02B
Enterprise Value
$21.50B
P/E Ratio
15.88
P/B Ratio
2.54
FCF Yield
4.94%
Dividend Yield
N/A
Shares Outstanding
Profitability & Margins
Gross Margin
40.62%
Operating Margin
30.59%
Net Margin
29.28%
Return on Equity (ROE)
16.02%
Return on Assets (ROA)
25.35%
Asset Turnover
0.87x
Revenue 3-Yr CAGR
25.84%
Financial Health & Liquidity
Current Ratio
11.61
Cash Ratio
5.40
Debt / Equity
0.030
Debt / Assets
0.047
Cash & Equivalents
$2.80B
Total Debt
$282.59M
Book Value / Share
$88.76
Cash Flow Efficiency
Operating Cash Flow
$2.06B
Capital Expenditures (CapEx)
$869.88M
Free Cash Flow
$1.19B
OCF / Revenue
39.41%
FCF / Revenue
22.75%
FCF 3-Yr CAGR
N/A
Per Share Metrics
EPS (Diluted)
$14.21
EPS (Basic)
$14.25
Dividends / Share
N/A
Book Value / Share
$88.76
EPS YoY Growth
18.22%
Balance Sheet (FY 2025)
Total Assets
$6.03B
Total Liabilities
$519.41M
Stockholders' Equity
$9.54B
Current Assets
$6.03B
Current Liabilities
$519.41M