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JKS vs FSLR
Revenue, margins, valuation, and 5-year total return — side by side.
Solar
JKS vs FSLR — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Solar | Solar |
| Market Cap | $306M | $23.06B |
| Revenue (TTM) | $75.16B | $5.42B |
| Net Income (TTM) | $-2.52B | $1.67B |
| Gross Margin | 7.3% | 41.7% |
| Operating Margin | -8.2% | 33.0% |
| Forward P/E | — | 12.0x |
| Total Debt | $53.16B | $499M |
| Cash & Equiv. | $22.95B | $2.80B |
JKS vs FSLR — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| JinkoSolar Holding … (JKS) | 100 | 147.6 | +47.6% |
| First Solar, Inc. (FSLR) | 100 | 460.3 | +360.3% |
Price return only. Dividends and distributions are not included.
Quick Verdict: JKS vs FSLR
Each card shows where this stock fits in a portfolio — not just who wins on paper.
JKS is the clearest fit if your priority is dividends.
- 23.5% yield; the other pay no meaningful dividend
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%
- 324.1% 10Y total return vs JKS's 40.8%
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 | 23.5% yield; the other pay no meaningful dividend | |
| Momentum (1Y) | +65.3% vs JKS's +37.1% | |
| Efficiency (ROA) | 12.6% ROA vs JKS's -2.0%, ROIC 17.6% vs -9.2% |
JKS vs FSLR — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
JKS vs FSLR — 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 | $75.2B | $5.4B |
| EBITDAEarnings before interest/tax | -$3.8B | $2.2B |
| Net IncomeAfter-tax profit | -$2.5B | $1.7B |
| Free Cash FlowCash after capex | $0 | $1.7B |
| Gross MarginGross profit ÷ Revenue | +7.3% | +41.7% |
| Operating MarginEBIT ÷ Revenue | -8.2% | +33.0% |
| Net MarginNet income ÷ Revenue | -3.4% | +30.7% |
| FCF MarginFCF ÷ Revenue | -3.5% | +30.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | -34.1% | +23.6% |
| EPS Growth (YoY)Latest quarter vs prior year | -33.5% | +65.1% |
Valuation Metrics
JKS leads this category, winning 3 of 3 comparable metrics.
Valuation Metrics
| Metric | ||
|---|---|---|
| Market CapShares × price | $306M | $23.1B |
| Enterprise ValueMkt cap + debt − cash | $4.7B | $20.8B |
| Trailing P/EPrice ÷ TTM EPS | -0.48x | 15.10x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 12.04x |
| PEG RatioP/E ÷ EPS growth rate | — | 0.49x |
| EV / EBITDAEnterprise value multiple | — | 9.38x |
| Price / SalesMarket cap ÷ Revenue | 0.03x | 4.42x |
| Price / BookPrice ÷ Book value/share | 0.07x | 2.42x |
| Price / FCFMarket cap ÷ FCF | — | 19.42x |
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 | -7.7% | +18.0% |
| ROA (TTM)Return on assets | -2.0% | +12.6% |
| ROICReturn on invested capital | -9.2% | +17.6% |
| ROCEReturn on capital employed | -10.3% | +15.9% |
| Piotroski ScoreFundamental quality 0–9 | 3 | 7 |
| Debt / EquityFinancial leverage | 1.93x | 0.05x |
| Net DebtTotal debt minus cash | $30.2B | -$2.3B |
| Cash & Equiv.Liquid assets | $23.0B | $2.8B |
| Total DebtShort + long-term debt | $53.2B | $499M |
| Interest CoverageEBIT ÷ Interest expense | -2.92x | 53.51x |
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 $28,755 today (with dividends reinvested), compared to $8,516 for JKS. Over the past 12 months, FSLR leads with a +65.3% total return vs JKS's +37.1%. The 3-year compound annual growth rate (CAGR) favors FSLR at 6.5% vs JKS's -16.5% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -16.5% | -21.8% |
| 1-Year ReturnPast 12 months | +37.1% | +65.3% |
| 3-Year ReturnCumulative with dividends | -41.7% | +20.9% |
| 5-Year ReturnCumulative with dividends | -14.8% | +187.6% |
| 10-Year ReturnCumulative with dividends | +40.8% | +324.1% |
| CAGR (3Y)Annualised 3-year return | -16.5% | +6.5% |
Risk & Volatility
FSLR leads this category, winning 2 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 | $31.88 | $285.99 |
| 52-Week LowLowest price in past year | $17.41 | $125.80 |
| % of 52W HighCurrent price vs 52-week peak | +73.2% | +75.0% |
| RSI (14)Momentum oscillator 0–100 | 51.4 | 64.3 |
| Avg Volume (50D)Average daily shares traded | 597K | 2.1M |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates JKS as "Buy" and FSLR as "Buy". Consensus price targets imply 23.1% upside for FSLR (target: $264) vs 2.8% for JKS (target: $24). JKS is the only dividend payer here at 23.53% yield — a key consideration for income-focused portfolios.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $24.00 | $264.13 |
| # AnalystsCovering analysts | 22 | 73 |
| Dividend YieldAnnual dividend ÷ price | +23.5% | — |
| Dividend StreakConsecutive years of raises | 0 | — |
| Dividend / ShareAnnual DPS | $37.37 | — |
| Buyback YieldShare repurchases ÷ mkt cap | +0.2% | +0.1% |
FSLR leads in 4 of 6 categories (Income & Cash Flow, Profitability & Efficiency). JKS leads in 1 (Valuation Metrics).
JKS vs FSLR: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is JKS or FSLR 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. 1x trailing P/E (12. 0x forward), making it the more compelling value choice. Analysts rate JinkoSolar Holding Co. , Ltd. (JKS) a "Buy" — based on 22 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 — JKS or FSLR?
Over the past 5 years, First Solar, Inc.
(FSLR) delivered a total return of +187. 6%, compared to -14. 8% for JinkoSolar Holding Co. , Ltd. (JKS). Over 10 years, the gap is even starker: FSLR returned +324. 1% 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 — JKS or FSLR?
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 — JKS or FSLR?
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 — JKS or FSLR?
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 JKS or FSLR more undervalued right now?
Analyst consensus price targets imply the most upside for FSLR: 23.
1% to $264. 13.
07Which pays a better dividend — JKS or FSLR?
In this comparison, JKS (23.
5% yield) pays a dividend. FSLR does not pay a meaningful dividend and should not be held primarily for income.
08Is JKS or FSLR 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 (23. 5% yield). Both have compounded well over 10 years (JKS: +40. 8%, FSLR: +324. 1%), 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 JKS and FSLR?
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: JKS is a small-cap income-oriented stock; FSLR is a mid-cap high-growth 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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