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First Solar FSLR Enterprise value

Enterprise value at other companies

SolarEdge Technologies logo
SolarEdge TechnologiesSEDG
$3.03B+216%
Enphase Energy logo
Enphase EnergyENPH
$6.57B+11.4%
Shoals Technologies Group, Inc. logo
Shoals Technologies Group, Inc.SHLS
$1.14B+72.4%
Solaris Energy Infrastructure logo
Solaris Energy InfrastructureSEI
$5.44B+425%
Sunrun logo
SunrunRUN
$2.55B+126%
FTC Solar logo
FTC SolarFTCI
$95.5M+41.1%

Other financials

Income statement

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Revenue$1.1B-3.7%
Gross profit$605.0M+21.0%
Operating income$450.4M+24.6%
Net income$422.6M+23.6%
EPS (diluted)$3.92+23.3%

Balance sheet

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Cash & equivalents$1.7B+43.1%
Total debt$37.6M-94.4%
Total equity$10.3B+20.8%
Total assets$13.4B+4.1%

Cash flow

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Operating cash flow$144.9M-3.1%
CapEx$161.3M-44.0%
Free cash flow-$16.4M+88.2%

Valuation

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Market cap$25.45B+28.3%
P/E14.6×-1.2×
P/S4.7×+0.2×

Profitability

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Gross margin44%+1.3pp
Operating margin33.6%+2.3pp
Net margin32.5%+3.5pp
FCF margin33.3%

Returns & leverage

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Return on equity18.5%+2.6pp
Debt / equity-0.1×
Current ratio2.5×+0.6×

Where this comes from

Calculated from First Solar’s reported figures.

The source filing: First Solar’s 8-K, filed July 30, 2026. Open the filing →

Filed
Jul 30, 2026, 4:04 PM EDT
Accession
0001274494-26-000169

FAQ

What is First Solar's enterprise value?
First Solar (FSLR) reported enterprise value of $23.7B in Q2 2026.
How has First Solar's enterprise value changed year-over-year?
First Solar's enterprise value increased by 50.9% year-over-year, from $15.71B to $23.7B.
What is the long-term trend for First Solar's enterprise value?
Over 5 years (2020 to 2025), First Solar's enterprise value has grown at a 21.5% compound annual growth rate (CAGR), from $9.77B to $25.88B.
What does enterprise value mean?
Market capitalization plus total debt minus cash, at the quarter end. The cost to acquire the whole business — what an buyer pays for equity and debt, net of the cash they'd inherit.

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