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FSLR vs JKS
Revenue, margins, valuation, and 5-year total return — side by side.
Solar
FSLR vs JKS — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Solar | Solar |
| Market Cap | $23.56B | $322M |
| Revenue (TTM) | $5.42B | $75.16B |
| Net Income (TTM) | $1.67B | $-2.52B |
| Gross Margin | 41.7% | 7.3% |
| Operating Margin | 33.0% | -8.2% |
| Forward P/E | 12.3x | — |
| Total Debt | $499M | $53.16B |
| Cash & Equiv. | $2.80B | $22.95B |
FSLR vs JKS — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| First Solar, Inc. (FSLR) | 100 | 467.6 | +367.6% |
| JinkoSolar Holding … (JKS) | 100 | 149.9 | +49.9% |
Price return only. Dividends and distributions are not included.
Quick Verdict: FSLR vs JKS
Each card shows where this stock fits in a portfolio — not just who wins on paper.
FSLR carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- beta 1.39
- Rev growth 24.1%, EPS growth 18.2%, 3Y rev CAGR 25.8%
- 322.0% 10Y total return vs JKS's 40.8%
JKS is the clearest fit if your priority is dividends.
- 22.2% yield; the other pay no meaningful dividend
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 24.1% revenue growth vs JKS's -30.9% | |
| Quality / Margins | 30.7% margin vs JKS's -3.4% | |
| Stability / Safety | Beta 1.39 vs JKS's 1.39, lower leverage | |
| Dividends | 22.2% yield; the other pay no meaningful dividend | |
| Momentum (1Y) | +72.4% vs JKS's +47.7% | |
| Efficiency (ROA) | 12.6% ROA vs JKS's -2.0%, ROIC 17.6% vs -9.2% |
FSLR vs JKS — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FSLR vs JKS — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
FSLR leads this category, winning 6 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
JKS is the larger business by revenue, generating $75.2B annually — 13.9x FSLR's $5.4B. FSLR is the more profitable business, keeping 30.7% of every revenue dollar as net income compared to JKS's -3.4%. On growth, FSLR holds the edge at +23.6% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $5.4B | $75.2B |
| EBITDAEarnings before interest/tax | $2.2B | -$3.8B |
| Net IncomeAfter-tax profit | $1.7B | -$2.5B |
| Free Cash FlowCash after capex | $1.7B | $0 |
| Gross MarginGross profit ÷ Revenue | +41.7% | +7.3% |
| Operating MarginEBIT ÷ Revenue | +33.0% | -8.2% |
| Net MarginNet income ÷ Revenue | +30.7% | -3.4% |
| FCF MarginFCF ÷ Revenue | +30.8% | -3.5% |
| Rev. Growth (YoY)Latest quarter vs prior year | +23.6% | -34.1% |
| EPS Growth (YoY)Latest quarter vs prior year | +65.1% | -33.5% |
Valuation Metrics
JKS leads this category, winning 3 of 3 comparable metrics.
Valuation Metrics
| Metric | ||
|---|---|---|
| Market CapShares × price | $23.6B | $322M |
| Enterprise ValueMkt cap + debt − cash | $21.3B | $4.7B |
| Trailing P/EPrice ÷ TTM EPS | 15.43x | -0.51x |
| Forward P/EPrice ÷ next-FY EPS est. | 12.31x | — |
| PEG RatioP/E ÷ EPS growth rate | 0.50x | — |
| EV / EBITDAEnterprise value multiple | 9.61x | — |
| Price / SalesMarket cap ÷ Revenue | 4.51x | 0.03x |
| Price / BookPrice ÷ Book value/share | 2.47x | 0.08x |
| Price / FCFMarket cap ÷ FCF | 19.85x | — |
Profitability & Efficiency
FSLR leads this category, winning 9 of 9 comparable metrics.
Profitability & Efficiency
FSLR delivers a 18.0% return on equity — every $100 of shareholder capital generates $18 in annual profit, vs $-8 for JKS. FSLR carries lower financial leverage with a 0.05x debt-to-equity ratio, signaling a more conservative balance sheet compared to JKS's 1.93x. On the Piotroski fundamental quality scale (0–9), FSLR scores 7/9 vs JKS's 3/9, reflecting strong financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +18.0% | -7.7% |
| ROA (TTM)Return on assets | +12.6% | -2.0% |
| ROICReturn on invested capital | +17.6% | -9.2% |
| ROCEReturn on capital employed | +15.9% | -10.3% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 3 |
| Debt / EquityFinancial leverage | 0.05x | 1.93x |
| Net DebtTotal debt minus cash | -$2.3B | $30.2B |
| Cash & Equiv.Liquid assets | $2.8B | $23.0B |
| Total DebtShort + long-term debt | $499M | $53.2B |
| Interest CoverageEBIT ÷ Interest expense | 53.51x | -2.92x |
Total Returns (Dividends Reinvested)
FSLR leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in FSLR five years ago would be worth $29,477 today (with dividends reinvested), compared to $8,613 for JKS. Over the past 12 months, FSLR leads with a +72.4% total return vs JKS's +47.7%. The 3-year compound annual growth rate (CAGR) favors FSLR at 7.1% vs JKS's -15.6% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -20.1% | -11.9% |
| 1-Year ReturnPast 12 months | +72.4% | +47.7% |
| 3-Year ReturnCumulative with dividends | +22.8% | -40.0% |
| 5-Year ReturnCumulative with dividends | +194.8% | -13.9% |
| 10-Year ReturnCumulative with dividends | +322.0% | +40.8% |
| CAGR (3Y)Annualised 3-year return | +7.1% | -15.6% |
Risk & Volatility
Evenly matched — FSLR and JKS each lead in 1 of 2 comparable metrics.
Risk & Volatility
FSLR is the less volatile stock with a 1.39 beta — it tends to amplify market swings less than JKS's 1.39 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.39x | 1.39x |
| 52-Week HighHighest price in past year | $285.99 | $31.88 |
| 52-Week LowLowest price in past year | $122.48 | $16.80 |
| % of 52W HighCurrent price vs 52-week peak | +76.7% | +77.2% |
| RSI (14)Momentum oscillator 0–100 | 61.0 | 54.5 |
| Avg Volume (50D)Average daily shares traded | 2.2M | 600K |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates FSLR as "Buy" and JKS as "Buy". Consensus price targets imply 20.5% upside for FSLR (target: $264) vs -2.5% for JKS (target: $24). JKS is the only dividend payer here at 22.25% yield — a key consideration for income-focused portfolios.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $264.13 | $24.00 |
| # AnalystsCovering analysts | 73 | 22 |
| Dividend YieldAnnual dividend ÷ price | — | +22.2% |
| Dividend StreakConsecutive years of raises | — | 0 |
| Dividend / ShareAnnual DPS | — | $37.37 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.1% | +0.2% |
FSLR leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). JKS leads in 1 (Valuation Metrics). 1 tied.
FSLR vs JKS: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is FSLR or JKS a better buy right now?
For growth investors, First Solar, Inc.
(FSLR) is the stronger pick with 24. 1% revenue growth year-over-year, versus -30. 9% for JinkoSolar Holding Co. , Ltd. (JKS). First Solar, Inc. (FSLR) offers the better valuation at 15. 4x trailing P/E (12. 3x forward), making it the more compelling value choice. Analysts rate First Solar, Inc. (FSLR) a "Buy" — based on 73 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — FSLR or JKS?
Over the past 5 years, First Solar, Inc.
(FSLR) delivered a total return of +194. 8%, compared to -13. 9% for JinkoSolar Holding Co. , Ltd. (JKS). Over 10 years, the gap is even starker: FSLR returned +322. 0% versus JKS's +40. 8%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — FSLR or JKS?
By beta (market sensitivity over 5 years), First Solar, Inc.
(FSLR) is the lower-risk stock at 1. 39β versus JinkoSolar Holding Co. , Ltd. 's 1. 39β — meaning JKS is approximately 0% more volatile than FSLR relative to the S&P 500. On balance sheet safety, First Solar, Inc. (FSLR) carries a lower debt/equity ratio of 5% versus 193% for JinkoSolar Holding Co. , Ltd. — giving it more financial flexibility in a downturn.
04Which is growing faster — FSLR or JKS?
By revenue growth (latest reported year), First Solar, Inc.
(FSLR) is pulling ahead at 24. 1% versus -30. 9% for JinkoSolar Holding Co. , Ltd. (JKS). On earnings-per-share growth, the picture is similar: First Solar, Inc. grew EPS 18. 2% year-over-year, compared to -1540. 3% for JinkoSolar Holding Co. , Ltd.. Over a 3-year CAGR, FSLR leads at 25. 8% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
05Which has better profit margins — FSLR or JKS?
First Solar, Inc.
(FSLR) is the more profitable company, earning 29. 3% net margin versus -6. 8% for JinkoSolar Holding Co. , Ltd. — meaning it keeps 29. 3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: FSLR leads at 32. 3% versus -11. 1% for JKS. At the gross margin level — before operating expenses — FSLR leads at 40. 6%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is FSLR or JKS more undervalued right now?
Analyst consensus price targets imply the most upside for FSLR: 20.
5% to $264. 13.
07Which pays a better dividend — FSLR or JKS?
In this comparison, JKS (22.
2% yield) pays a dividend. FSLR does not pay a meaningful dividend and should not be held primarily for income.
08Is FSLR or JKS better for a retirement portfolio?
For long-horizon retirement investors, JinkoSolar Holding Co.
, Ltd. (JKS) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (22. 2% yield). Both have compounded well over 10 years (JKS: +40. 8%, FSLR: +322. 0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between FSLR and JKS?
Both stocks operate in the Energy sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: FSLR is a mid-cap high-growth stock; JKS is a small-cap income-oriented stock. JKS pays a dividend while FSLR does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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