stockportfolio.pro
First Solar, Inc. (FSLR)
Technology · Solar · NasdaqGS
First Solar, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.90B | $2.94B | $2.24B | $3.06B | $2.71B | $2.92B | $2.62B | $3.32B | $4.21B | $5.22B |
| Gross profit | $638.42M | $548.95M | $392.18M | $549.21M | $680.67M | $729.95M | $69.86M | $1.30B | $1.86B | $2.12B |
| Net income | $-416.11M | $-165.62M | $144.33M | $-114.93M | $398.36M | $468.69M | $-44.17M | $830.78M | $1.29B | $1.53B |
| Net margin | -14.3% | -5.6% | 6.4% | -3.8% | 14.7% | 16.0% | -1.7% | 25.0% | 30.7% | 29.3% |
Source: First Solar, Inc. SEC filings (10-K). 19 years of history available in the interactive view.
What growth is priced into FSLR stock?
At today's market cap of $28.17B, First Solar, Inc. is priced for free-cash-flow growth of about 10% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $1.19B from the FY ending 2025-12-31). For comparison, revenue 14%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 19 years of First Solar, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
Open the interactive view — freeOr start a 7-day free trial to track FSLR in your portfolio →
First Solar, Inc. financial history by metric
About First Solar, Inc.
First Solar, Inc., a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally. The company manufactures and sells PV solar modules with thin film semiconductor technology that provides conventional crystalline silicon PV solar modules. It also designs, manufactures, and sells cadmium telluride solar modules that convert sunlight into electricity. The company serves system developers, independent power producers, utilities, commercial and industrial companies, large corporate energy buyers, and other system owners and operators. The company was formerly known as First Solar Holdings, Inc. and changed its name to First Solar, Inc. in 2006. First Solar, Inc. was founded in 1999 and is headquartered in Phoenix, Arizona.
First Solar, Inc. — frequently asked questions
What is First Solar, Inc.'s revenue?
First Solar, Inc. (FSLR) reported revenue of $5.22B for fiscal year 2025, up 24.1% from the prior year, according to its SEC filings.
Is First Solar, Inc. profitable?
Yes. FSLR earned net income of $1.53B in fiscal 2025, a net margin of 29.3%.
What is FSLR's P/E ratio?
First Solar, Inc. trades at a price-to-earnings ratio of about 16.9 based on the latest data in our nightly-refreshed cache.
How fast is First Solar, Inc. growing?
FSLR's revenue grew at roughly 14.0% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does First Solar, Inc. have?
As of fiscal year 2025, FSLR carried roughly $498.57M in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is First Solar, Inc.'s gross margin?
FSLR's gross margin was 40.6% in fiscal 2025 — gross profit of $2.12B on revenue of $5.22B.
What is First Solar, Inc.'s market cap?
First Solar, Inc. (FSLR) has a market capitalization of about $28.17B, based on the latest data in our nightly-refreshed cache.
When does First Solar, Inc.'s fiscal year end?
FSLR's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into FSLR stock?
At today's market cap of $28.17B, First Solar, Inc. is priced for free-cash-flow growth of about 10% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $1.19B from the FY ending 2025-12-31). For comparison, revenue 14%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from First Solar, Inc.'s official SEC filings (10-K and 10-Q), covering 19 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.