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First Solar FSLR EV / EBITDA

EV / EBITDA at other companies

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20.7×-27.1×
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34.2×+11.0×
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15.3×+3.7×
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18.4×+11.7×
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7.2×—
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Hannon Armstrong Sustainable Infrastructure CapitalHASI
5.9×-1.5×

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%
Enterprise value$23.8B+23.1%
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 / equity0×-0.1×
Current ratio2.5×+0.6×

Where this comes from

Calculated from First Solar’s reported figures.

enterprise value/ebitda=8.5×

Based on the most recent quarter.

The source filing: First Solar’s 10-Q, filed April 30, 2026. Open the filing →

Filed
Apr 30, 2026, 4:05 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001274494-26-000109

FAQ

What is First Solar's EV / EBITDA?
First Solar (FSLR) reported EV / EBITDA of 8.5× in Q1 2026.
How has First Solar's EV / EBITDA changed year-over-year?
First Solar's EV / EBITDA increased by 17.2% year-over-year, from 7.3× to 8.5×.
What is the long-term trend for First Solar's EV / EBITDA?
Over 5 years (2020 to 2025), First Solar's EV / EBITDA has grown at a -7.3% compound annual growth rate (CAGR), from 17.7× to 12.2×.
What does EV / EBITDA mean?
Enterprise value (market cap plus total debt minus cash) at the quarter end divided by trailing-twelve-month EBITDA. A capital-structure-neutral valuation multiple.

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