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First Solar FSLR Q4 2024 Annual earnings

Reported February 25, 2025 · After market close

Revenue estimate$1.5B
EPS estimate$4.81

Next report

Jul 30, 2026 (In 2 weeks)
Revenue estimate$1.1B
EPS estimate$2.85

Financials

Q4 2024

Income statement

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Revenue$1.5B+30.7%
Gross profit$567.7M+13.1%
Operating income$456.8M+14.8%
Net income$393.1M+12.6%
EPS (diluted)$3.66+12.6%

Balance sheet

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Cash & equivalents$1.6B-16.6%
Total debt$955.2M+32.6%
Total equity$8.0B+19.3%
Total assets$12.1B+17.0%

Cash flow

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Operating cash flow$811.0M+44.5%
CapEx$313.5M-9.6%

Valuation & ratios

Valuation

as of 12/31/24
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Market cap$18.87B+2.5%
Enterprise value$18.18B+6.0%
P/E14.6×-7.6×
P/S4.5×-1.1×

Profitability

See full
Gross margin44.2%+5.0pp
Operating margin33.2%+7.3pp
Net margin30.7%+5.7pp

Returns & leverage

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Return on equity17.6%+4.4pp
Debt / equity0.1×0.0×
Current ratio2.4×-1.1×

Segments

By geography

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All other foreign countries$16.3M+26.1%

Versus estimates

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Questions, answered.

When did First Solar report Q4 2024 earnings?
First Solar (FSLR) reported Q4 2024 earnings on February 25, 2025 after market close.
What were First Solar's Q4 2024 revenue and EPS?
First Solar reported revenue of $1.5B and diluted EPS of $3.65 for Q4 2024.
Did First Solar beat estimates in Q4 2024?
Revenue beat the consensus estimate of $1.5B by $30.9M. EPS missed the consensus estimate of $4.81 by $1.16.
Where can I find First Solar's Q4 2024 SEC filings?
You can read the 10-K periodic report (0001274494-25-000010) directly on SEC EDGAR. The filing index links above go to sec.gov.