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First Solar FSLR Free cash flow

Free cash flow at other companies

SolarEdge Technologies logo
SolarEdge TechnologiesSEDG
$3.13M-84.5%
Enphase Energy logo
Enphase EnergyENPH
$25.93M+41.1%
Solaris Energy Infrastructure logo
Solaris Energy InfrastructureSEI
-$305.35M-89.7%
Shoals Technologies Group, Inc. logo
Shoals Technologies Group, Inc.SHLS
-$207K+99.2%
Sunrun logo
SunrunRUN
-$190.47M+35.1%
FTC Solar logo
FTC SolarFTCI
-$13.05M-52.3%

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$194.0M-71.2%
Total equity$10.3B+20.8%
Total assets$13.4B+4.1%

Cash flow

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Operating cash flow-$144.9M-197%
CapEx$161.3M-44.0%

Valuation

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Market cap$19.22B-24.6%
Enterprise value$17.72B-26.8%
P/E11×-7.2×
P/S3.6×-1.5×

Profitability

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Gross margin44%+1.3pp
Operating margin33.6%+2.3pp
Net margin32.5%+3.5pp
FCF margin27.9%—

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.

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

Filed
Jul 30, 2026, 4:06 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001274494-26-000170

FAQ

What is First Solar's free cash flow?
First Solar (FSLR) reported free cash flow of -$306.22M in Q2 2026.
How has First Solar's free cash flow changed year-over-year?
First Solar's free cash flow decreased by 121.0% year-over-year, from -$138.56M to -$306.22M.
What does free cash flow mean?
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.

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