Search FSLR
FIRST SOLAR, INC.
Nasdaq · CIK 1274494
Last close174.61
Daily change+2.50 (1.45%)
10 Years gain+352.71%
Dividends TTM0
Dividend yield0.00%
Fundamental Analysis
FSLR · STANDARD
SIC 3674 · Semiconductors & Related Devices · Fiscal year end 1231
Fundamental
80.9Momentum
55.5Acceleration
55.5Confidence
87.0Annual Revenue19
Quarterly Revenue64
Annual CFO19
Balance SheetAvailable
RankingEligible
Score Breakdown
Growth24.4 / 25
Quality22.1 / 25
Capital Efficiency15.5 / 20
Balance Sheet15.0 / 15
Shareholder Economics0.0 / 10
Forward Indicators3.9 / 5
Signals
Operating leverageOperating margin improved by 1.1073 percentage points.
Net debt reductionNet debt declined versus the comparison period.
Strong operating leverageOperating income is growing faster than revenue while operating margin expands.
Key Metrics
Revenue Growth TTM35.5%OK
Revenue CAGR 3Y25.84%OK
Gross Margin45.94%OK
Operating Margin33.87%OK
FCF Marginn/aMISSING
FCF Growthn/aINSUFFICIENT_HISTORY
ROIC19.02%OK
Incremental Operating Margin 3Y77%OK
Net Debt / CFOn/aNOT_MEANINGFUL
Diluted Share Growth 1Y0.3%OK
SBC / Revenuen/aMISSING
SBC / FCFn/aNOT_MEANINGFUL
Financial History
| Period | Revenue | Gross Profit | Operating Income | CFO | FCF | Gross Margin | Op Margin | FCF Margin | ROIC | Shares |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025 FY Dec 31, 2025 | $5.22B | $2.12B | $1.60B | $2.06B | $1.19B | 40.62% | 30.59% | 22.75% | 22.09% | 107.54M |
| 2025 FY Dec 31, 2024 | $4.21B | $1.86B | $1.39B | $1.22B | -$308.08M | 44.17% | 33.15% | -7.32% | 21.46% | 107.53M |
| 2025 FY Dec 31, 2023 | $3.32B | $1.30B | $857.27M | $602.26M | -$784.52M | 39.19% | 25.83% | -23.64% | 18.61% | 107.37M |
| 2024 FY Dec 31, 2022 | $2.62B | $69.86M | -$27.24M | $873.37M | -$30.24M | 2.67% | -1.04% | -1.15% | -0.45% | 106.55M |
| 2023 FY Dec 31, 2021 | $2.92B | $729.95M | $586.75M | $237.56M | -$302.73M | 24.97% | 20.07% | -10.36% | 11.39% | 106.92M |
Formula Trace
| Metric | Value | Formula | Status | Source |
|---|---|---|---|---|
| Revenue TTM | $4.79B | sum latest 4 fiscal quarters Revenue | OK | 0001274494-26-000170, 0001274494-25-000082 |
| Revenue Growth TTM | 35.5% | Revenue_TTM / Revenue_TTM_1Y_ago - 1 | OK | 0001274494-26-000170, 0001274494-25-000082 |
| Revenue CAGR 3Y | 25.84% | (Revenue_current / Revenue_3Y_ago)^(1/3) - 1 | OK | 0001274494-26-000021 |
| Revenue CAGR 5Y | 14% | (Revenue_current / Revenue_5Y_ago)^(1/5) - 1 | OK | 0001274494-26-000021 |
| Gross Profit CAGR 3Y | 211.93% | (GrossProfit_current / GrossProfit_3Y_ago)^(1/3) - 1 | OK | 0001274494-26-000021 |
| Operating Income Growth | 40.08% | OperatingIncome_current / OperatingIncome_prior_year - 1 | OK | 0001274494-26-000170, 0001274494-25-000082 |
| FCF Growth | n/a | FCF_current / FCF_prior_year - 1 | INSUFFICIENT_HISTORY | derived |
| Revenue Growth Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Gross Profit Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Operating Income Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| FCF Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Gross Margin | 45.94% | Gross Profit / Revenue | OK | 0001274494-26-000170, 0001274494-25-000082 |
| Operating Margin | 33.87% | Operating Income / Revenue | OK | 0001274494-26-000170, 0001274494-25-000082 |
| ROIC | 19.02% | NOPAT / Average Invested Capital | OK | 0001274494-26-000170, 0001274494-25-000082 |
| Net Debt / CFO | n/a | Net Debt / CFO | NOT_MEANINGFUL | 0001274494-26-000170 |
| Current Ratio | 2.52x | Current Assets / Current Liabilities | OK | derived |
| Cash / Debt | 45.89x | (Cash + Short-term Investments) / Total Debt | OK | 0001274494-26-000170 |
| Revenue per Diluted Share | $44.49 | Revenue / Diluted Shares | OK | 0001274494-26-000170, 0001274494-25-000082 |