Skip to content
Screener

First Solar FSLR Ratios & Valuation

Q2 '26Q1 '26Q4 '25Q3 '25Q2 '25
Profitability
Gross margin44%+1.3pp41.7%-1.9pp40.6%-3.5pp40%-6.5pp42.8%-3.0pp
Operating margin33.6%+2.3pp31.8%-0.5pp30.6%-2.6pp29.8%-4.9pp31.3%-2.8pp
Net margin32.5%+3.5pp30.7%+1.0pp29.3%-1.4pp27.7%-4.7pp29%-3.0pp
Returns
Return on equity18.5%+2.6pp18.4%+1.7pp17.4%-0.2pp16.9%-1.1pp15.9%-2.2pp
Return on invested capital21.6%+3.6pp20.8%+2.4pp21%+0.9pp19.1%-0.7pp18%-2.1pp
Efficiency
Asset turnover0.4×0.0×0.4×+0.1×0.4×0.0×0.4×0.0×0.4×0.0×
Liquidity
Current ratio2.5×+0.6×2.6×+0.6×2.7×+0.2×1.9×-0.2×1.9×-0.3×
Leverage
Debt-to-equity-0.1×0.1×0.0×0.1×-0.1×0.1×0.0×0.1×0.0×
Per Share
Book value per share$95.80+20.5%$91.79+20.4%$88.70+19.5%$83.83+18.7%$79.49+17.8%
Valuation
Market capitalization$25.45B+28.3%$21.17B+56.4%$28.03B+48.6%$23.65B-11.4%$16.21B-32.8%
Price / earnings14.6×-1.2×12.7×+2.0×18.3×+3.7×16.9×-4.5×12.9×-7.2×
Price / sales4.7×+0.2×3.9×+0.7×5.4×+0.9×4.7×-2.3×3.7×-2.7×
Price / book2.5×+0.1×2.1×+0.5×2.9×+0.6×2.6×-0.9×1.9×-1.4×

FAQ

What are First Solar's profit margins?
First Solar (FSLR) runs a 44.0% gross margin and a 33.6% operating margin, with a 32.5% net margin.
Where do First Solar's ratios come from?
Every ratio is computed from First Solar's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.