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First Solar FSLR Total debt

Total debt at other companies

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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 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$27.69B+56.4%
Enterprise value$25.91B+45.5%
P/E16.6×+2.6×
P/S5.1×+1.0×

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

Calculated from First Solar’s reported figures.

Plus components not separately reported this period.

The official record: First Solar’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is First Solar's total debt?
First Solar (FSLR) reported total debt of $590.94M in Q1 2026.
How has First Solar's total debt changed year-over-year?
First Solar's total debt decreased by 6.5% year-over-year, from $632.1M to $590.94M.
What is the long-term trend for First Solar's total debt?
Over 5 years (2020 to 2025), First Solar's total debt has grown at a 4.7% compound annual growth rate (CAGR), from $523.81M to $658.24M.