First Solar, Inc. is a solar technology company, which engages in the provision of solar modules. The company is headquartered in Phoenix, Arizona and currently employs 7,900 full-time employees. The company went IPO on 2006-11-17. The company is focused on enabling power generation needs with its advanced, thin film PV technology. The firm's primary segment is its modules business, which involves the design, manufacture, and sale of CdTe solar modules, which convert sunlight into electricity. Third-party customers of the segment include system developers, independent power producers, utilities, commercial and industrial companies, and other system owners and operators. The firm's products include the Series 7 Module and Series 6 Plus module. Its Series 6 Plus module is a glass laminate approximately 4ft x 6ft in size that encapsulates thin film PV semiconductor materials. Its Series 7 module has a larger form factor of approximately 4ft x 7ft in size. The Series 6 Plus and Series 7 modules had an average power output of 459 watts and 531 watts, respectively.
Financials in millions USD. Fiscal year is February - January.
Breakdown
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
Revenue
5,219
5,219
4,206
3,318
2,619
2,923
Revenue Growth (YoY)
24%
24%
27%
27%
-10%
8%
Cost of Revenue
3,099
3,099
2,348
2,017
2,491
2,193
Gross Profit
2,120
2,120
1,857
1,300
127
730
Selling, General & Admin
290
290
272
262
237
191
Research & Development
233
233
191
152
112
99
Operating Expenses
523
523
464
414
350
290
Other Non Operating Income (Expenses)
-15
-15
-13
-29
31
0
Pretax Income
1,580
1,580
1,406
891
8
572
Income Tax Expense
52
52
114
60
52
103
Net Income
1,528
1,528
1,292
830
-44
468
Net Income Growth
18%
18%
56%
-1,986%
-109%
18%
Shares Outstanding (Diluted)
107.67
107.53
107.52
107.37
106.6
106.9
Shares Change (YoY)
0%
0%
0%
1%
0%
0%
EPS (Diluted)
14.2
14.21
12.01
7.73
-0.41
4.38
EPS Growth
18%
18%
55%
-1,987%
-109%
17%
Free Cash Flow
1,187
1,187
-308
-784
-30
-302
Free Cash Flow Per Share
--
--
--
--
--
--
Gross Margin
40.62%
40.62%
44.15%
39.18%
4.84%
24.97%
Operating Margin
30.58%
30.58%
33.11%
26.67%
-8.47%
15.01%
Profit Margin
29.27%
29.27%
30.71%
25.01%
-1.68%
16.01%
Free Cash Flow Margin
22.74%
22.74%
-7.32%
-23.62%
-1.14%
-10.33%
EBITDA
2,125
2,125
1,816
1,192
47
698
EBITDA Margin
40.71%
40.71%
43.17%
35.92%
1.79%
23.87%
D&A For EBITDA
529
529
423
307
269
259
EBIT
1,596
1,596
1,393
885
-222
439
EBIT Margin
30.58%
30.58%
33.11%
26.67%
-8.47%
15.01%
Effective Tax Rate
3.29%
3.29%
8.1%
6.73%
650%
18%
Follow-Up Questions
What are First Solar Inc's key financial statements?
According to the latest financial statement (Form-10K), First Solar Inc has a total asset of $13,321, Net profit of $1,528
What are the key financial ratios for FSLR?
First Solar Inc's Current ratio is 3.52, has a Net margin is 29.27, sales per share of $48.53.
How is First Solar Inc's revenue broken down by segment or geography?
First Solar Inc largest revenue segment is Other, at a revenue of 3,556,000 in the most earnings release.For geography, United States is the primary market for First Solar Inc, at a revenue of 3,904,844,000.
Is First Solar Inc profitable?
yes, according to the latest financial statements, First Solar Inc has a net profit of $1,528
Does First Solar Inc have any liabilities?
yes, First Solar Inc has liability of 3,783
How many outstanding shares for First Solar Inc?
First Solar Inc has a total outstanding shares of 107.3