First Solar, Inc. (FSLR)
Full history for every metric is available with a Kvantra account
No price history available.
Key financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | $m | 2,711 | 2,923 | 2,619 | 3,319 | 4,206 | 5,219 | 5,378 | 5,024 |
| Operating profit | $m | 1,597 | 1,810 | ||||||
| Net profit | $m | 398 | 469 | -44 | 831 | 1,292 | 1,528 | 1,746 | 1,895 |
| EPS reported | $ | 14.21 | 16.22 | ||||||
| Operating cashflow per share | $ | 19.18 | 20.06 | ||||||
| Capex per share | $ | 8.11 | 6.10 | ||||||
| FCF per share | $ | 11.07 | 13.96 | ||||||
| Free cash flow | $m | 1,187 | 1,500 | ||||||
| Net debt | $m | -2,357 | -1,689 | ||||||
| Book value equity | $m | 9,538 | 10,320 | ||||||
| Book value per share | $ | 88.69 | 95.80 | ||||||
| Number of shares | m | 107.54 | 107.73 | ||||||
| DPS (TTM paid) | $ | 0.00 | 0.00 |
Financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 18.38 | 10.96 | ||||||
| P/B LTM | x | 2.94 | 2.71 | ||||||
| P/S LTM | x | 5.37 | 5.21 | ||||||
| P/FCF LTM | x | 23.60 | 18.67 | ||||||
| EV/EBITDA LTM | x | 11.93 | 10.54 | ||||||
| EV/Sales LTM | x | 4.93 | 4.23 | ||||||
| Earnings Yield LTM | % | +5.44% | +9.12% | ||||||
| FCF Yield | % | +4.24% | +5.36% | ||||||
| Quality | |||||||||
| ROE | % | +16.02% | +18.02% | ||||||
| ROIC | % | +13.68% | +15.28% | ||||||
| Operating margin | % | +30.59% | +33.65% | ||||||
| Gross margin | % | +40.62% | +44.02% | ||||||
| FCF/Sales | % | +22.75% | +27.89% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | +18.22% | +34.94% | ||||||
| Sales Growth YoY | % | +24.09% | +27.86% | ||||||
| Net Income Growth YoY | % | +18.28% | +35.14% | ||||||
| FCF Growth | % | - | - | ||||||
| Operating Profit Growth | % | +14.52% | +29.78% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | 0.00% | 0.00% | ||||||
| Dividend Growth | % | - | - | ||||||
| Payout Ratio | % | 0.00% | 0.00% | ||||||
| FCF/Debt | x | 2.38 | 7.73 | ||||||
| Net Debt/EBITDA | x | -1.07 | -0.61 | ||||||
| EBIT/Net interest | x | 36.18 | 46.88 | ||||||
| Net debt/market cap | % | +1.78% | +0.16% | ||||||
| Net debt/Equity | x | -0.25 | -0.16 | ||||||
| Gross debt/equity | x | 0.05 | 0.02 | ||||||
Price target estimates
Based on consensus from external analysts. Not Kvantra's opinion.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
ESG
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| ESG-score | |||
| Environmental score | |||
| Social score | |||
| Governance score | |||
| Risk rating |
Company overview
First Solar, Inc. is a global provider of photovoltaic (PV) solar energy solutions, operating in numerous international markets including the United States, Japan, France, Canada, India, and Australia. The company's primary activity involves the engineering, manufacturing, and sale of cadmium telluride solar modules, which are designed to convert solar radiation directly into electricity. Its clientele is broad, serving system developers and operators, utility companies, independent power producers, commercial and industrial businesses, and various other system owners. Founded in 1999, the firm is based in Tempe, Arizona, and underwent a name change in 2006 from its former designation, First Solar Holdings, Inc.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
No price history available.
Consensus from external analysts. Not Kvantra's opinion.
Based on consensus from external analysts. Not Kvantra's opinion.
First Solar, Inc. is a global provider of photovoltaic (PV) solar energy solutions, operating in numerous international markets including the United States, Japan, France, Canada, India, and Australia. The company's primary activity involves the engineering, manufacturing, and sale of cadmium telluride solar modules, which are designed to convert solar radiation directly into electricity. Its clientele is broad, serving system developers and operators, utility companies, independent power producers, commercial and industrial businesses, and various other system owners. Founded in 1999, the firm is based in Tempe, Arizona, and underwent a name change in 2006 from its former designation, First Solar Holdings, Inc.
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