What are First Solar's profit margins?

First Solar (FSLR) runs a 41.7% gross margin and a 31.8% operating margin, with a 30.7% 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.

First Solar FSLR Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Gross margin	40.6%-3.5pp	44.2%+5.0pp	39.2%+36.5pp	2.7%-22.3pp
Operating margin	30.6%-2.6pp	33.2%+7.3pp	25.8%+26.9pp	-1%-21.1pp
Net margin	29.3%-1.4pp	30.7%+5.7pp	25%+26.7pp	-1.7%-17.7pp
Returns
Return on equity	17.4%-0.2pp	17.6%+4.4pp	13.3%+14.0pp	-0.7%-8.9pp
Return on invested capital	21%+0.9pp	20.1%+4.2pp	15.9%+16.5pp	-0.6%-10.5pp
Efficiency
Asset turnover	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.3×-0.1×
Liquidity
Current ratio	2.7×+0.2×	2.4×-1.1×	3.5×-0.1×	3.7×-0.7×
Leverage
Debt-to-equity	0.1×-0.1×	0.1×0.0×	0.1×+0.1×	0×0.0×
Net debt / EBITDA	-1×-0.6×	-0.4×+0.7×	-1.1×+4.1×	-5.2×-4.0×
Per Share
Book value per share	$88.70+19.5%	$74.19+19.1%	$62.28+13.7%	$54.77-1.7%
Valuation
Market capitalization	$28.03B+48.6%	$18.87B+2.5%	$18.41B+15.3%	$15.97B+72.3%
Price / earnings	18.3×+3.7×	14.6×-7.6×	22.2×—	——
Price / sales	5.4×+0.9×	4.5×-1.1×	5.5×-0.5×	6.1×+2.9×
Price / book	2.9×+0.6×	2.4×-0.4×	2.8×0.0×	2.7×+1.2×
EV / EBITDA	12.2×+2.2×	10×-4.7×	14.7×-45.9×	60.7×+51.0×

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

Ask your AI about First Solar.

Connect your AI assistant and get a quick read on the numbers, right in your chat.

Connect your AI

Claude

Questions, answered.

What are First Solar's profit margins?: First Solar (FSLR) runs a 41.7% gross margin and a 31.8% operating margin, with a 30.7% 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.