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First Solar FSLR Geographic — Net Sales

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Other financials

Income statement

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Revenue$1.0B+23.6%
Gross profit$486.1M+41.2%
Operating income$345.3M+56.1%
Net income$346.6M+65.4%
EPS (diluted)$3.22+65.1%

Balance sheet

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Cash & equivalents$2.4B+182%
Total debt$590.9M-6.5%
Total equity$9.9B+20.7%
Total assets$13.4B+10.2%

Cash flow

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Operating cash flow-$214.9M+64.7%
CapEx$118.5M-42.5%
Free cash flow-$333.4M+59.0%

Valuation

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Market cap$24.1B+21.5%
Enterprise value$22.32B+15.4%
P/E14.5×-1.3×
P/S4.5×-0.1×

Profitability

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Gross margin41.7%-1.9pp
Operating margin31.8%-0.5pp
Net margin30.7%+1.0pp
FCF margin30.8%

Returns & leverage

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Return on equity18.4%+1.7pp
Debt / equity0.1×0.0×
Current ratio2.6×+0.6×

Where this comes from

Reported directly by First Solar in its filing.

Tagged under the XBRL concept us-gaap:Revenues.

The official record: First Solar’s 10-K, filed February 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is First Solar's geographic — net sales?
First Solar (FSLR) reported geographic — net sales of $5.7M in Q4 2025.
How has First Solar's geographic — net sales changed year-over-year?
First Solar's geographic — net sales decreased by 65.1% year-over-year, from $16.34M to $5.7M.
What is the long-term trend for First Solar's geographic — net sales?
Over 4 years (2021 to 2025), First Solar's geographic — net sales has grown at a -31.8% compound annual growth rate (CAGR), from $105.58M to $22.81M.
What does geographic — net sales mean?
This metric represents the total revenue generated from the sale of solar modules and systems within geographic regions not explicitly categorized as primary markets. It reflects the company's ability to monetize its thin-film technology in emerging or smaller-scale international territories. Monitoring this helps investors assess the geographic diversification of the company's sales pipeline outside of its core operational hubs.