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Nasdaq · CIK 0001274494 · SEMICONDUCTORS & RELATED DEVICES

First Solar, Inc.

FSLR chart by TradingView
P/E 14.6xP/B 2.5xP/SALES 4.7xEV/EBITDA 10.0xFCF YIELD 5.90%

PRICE HISTORY

LIVE · NASDAQ
FSLR chart by TradingView
REVENUE FY2025 ENDED DEC 2025
$5.2B
EBITDA
$2.1B
FREE CASH FLOW
$1.2B
EPS
$14.21
GROSS MARGIN
40.62%
ROIC
21.13%
Q2 FY26ENDED JUN 2026HOVERDRAG ACROSS ANY CHART TO SCRUB ALL 24 · 40 QUARTERS SHOWNVALUATIONGROWTHPROFITABILITY & RETURNSCASH & CAPITALBALANCE SHEET

VALUATION

what you pay for a unit of the business7 CHARTS

P / E RATIO (TTM)

14.6x
+94%
LATEST · Q2 FY26
14.6xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
7.5x559.6x

P / SALES (TTM)

4.7x
+368%
LATEST · Q2 FY26
4.7xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
1.0x8.3x

P / BOOK

2.5x
+258%
LATEST · Q2 FY26
2.5xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
0.5x4.0x

EV / EBITDA (TTM)

10.0x
+130%
LATEST · Q2 FY26
10.0xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
4.3x115.9x

EV / REVENUE (TTM)

4.4x
+415%
LATEST · Q2 FY26
4.4xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
0.5x8.1x

FCF YIELD (TTM)

5.90%
+10.2pp
LATEST · Q2 FY26
5.90%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
-23.66%16.64%

DIVIDEND YIELD (TTM)

LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

GROWTH

is the business getting bigger5 CHARTS

REVENUE

$1.1B
+55%
LATEST · Q2 FY26
1.1BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

EBITDA (DERIVED)

$0.6B
+355%
LATEST · Q2 FY26
0.6BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

NET INCOME

$0.4B
+181%
LATEST · Q2 FY26
0.4BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

EPS (DILUTED)

$3.92
+170%
LATEST · Q2 FY26
3.92Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

REVENUE GROWTH YOY

-3.73%
+42.7pp
LATEST · Q2 FY26
-3.73%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
-77.59%103.80%

PROFITABILITY & RETURNS

what survives to the bottom, and what it earns on capital4 CHARTS

FCF MARGIN

-28.99%
-9.9pp
LATEST · Q2 FY26
-28.99%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
-116.03%69.20%

RETURN ON CAPITAL

20.14%
+9.9pp
LATEST · Q2 FY26
20.14%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
-15.60%21.13%

RETURN ON EQUITY (TTM)

16.92%
+7.7pp
LATEST · Q2 FY26
16.92%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
-11.53%16.92%

MARGIN FUNNEL

every line is a share of the same revenue, so they read on one scale — the gaps are what each layer takes out, and net rises above operating when income arrives from outside the business
GROSS MARGIN57.28%
OPERATING MARGIN42.64%
NET MARGIN40.01%
FCF MARGIN-28.99%
100.955.72-89.52-184.75-279.98GROSSOPERNETFCFQ3 FY16Q3 FY17Q3 FY18Q3 FY19Q3 FY20Q3 FY21Q3 FY22Q3 FY23Q3 FY24Q3 FY25Q2 FY26

CASH & CAPITAL

where the money actually goes5 CHARTS

FREE CASH FLOW

$-0.3B
$0.2B
LATEST · Q2 FY26
-0.3BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

STOCK-BASED COMP

$0.0B
+19%
LATEST · Q2 FY26
0.0BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

CAPITAL EXPENDITURE

$0.2B
+253%
LATEST · Q2 FY26
0.2BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

SHARES OUTSTANDING

0.11B
+4%
LATEST · Q2 FY26
0.11BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

DIVIDEND / SHARE

LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

BALANCE SHEET

how much cushion there is3 CHARTS

CASH & EQUIVALENTS

$1.7B
+19%
LATEST · Q2 FY26
1.7BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

TOTAL DEBT

$0.0B
-95%
LATEST · Q2 FY26
0.0BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

DEBT / EBITDA (TTM)

0.0x
-98%
LATEST · Q2 FY26
0.0xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
0.0x13.1x

OWNERSHIP

10 LARGEST HOLDERS · WHO OWNS THE FLOAT
INSTITUTIONS 98.48%INSIDERS 5.35%OTHER / RETAIL 0.00%1,524 INSTITUTIONAL FILERS
HOLDER% HELDSHARESVALUECHANGE
Blackrock Inc.12.86%13.8M$3.46B+9.6%
Vanguard Capital Management LLC6.32%6.8M$1.70BNEW
Vanguard Portfolio Management LLC5.30%5.7M$1.42BNEW
State Street Corporation4.92%5.3M$1.32B+0.4%
Geode Capital Management, LLC2.89%3.1M$776.9M+6.4%
Invesco Ltd.2.47%2.7M$664.3M+36.6%
JPMORGAN CHASE & CO2.14%2.3M$576.1M+82.9%
Hill City Capital, Lp2.03%2.2M$544.5M+4.2%
Amundi1.91%2.0M$512.5M-7.5%
FMR, LLC1.68%1.8M$452.2M-72.3%
AS OF 2026-03-31 · MOST RECENT 13F FILINGS
SOURCE → 10-K · 10-Q · 8-K / GUIDANCE · ALL FILINGS
FILING DATA AS OF 2026-08-10. Figures are derived from public SEC EDGAR filings (40most recent quarters shown, Q4 implied as full-year minus Q1-Q3). Valuation multiples use each period’s fiscal period-end close. Live price charts and quotes are provided by TradingView. This page is informational only — it is not investment advice, and figures are not warranted for accuracy. EBITDA is not a GAAP measure; it is derived as operating income + D&A. Verify against the linked source filing before relying on any number here.