First Solar, Inc. (FSLR) 10-Year Financial Performance & Capital Metrics

FSLR • • Industrial / General

EnergySolarSolar Module ManufacturingSolar Panel Manufacturers

AboutFirst Solar, Inc. provides photovoltaic (PV) solar energy solutions in the United State, Japan, France, Canada, India, Australia, and internationally. The company designs, manufactures, and sells cadmium telluride solar modules that converts sunlight into electricity. It serves developers and operators of systems, utilities, independent power producers, commercial and industrial companies, and other system owners. The company was formerly known as First Solar Holdings, Inc. and changed its name to First Solar, Inc. in 2006. First Solar, Inc. was founded in 1999 and is headquartered in Tempe, Arizona.Show more

Revenue $4.21B +26.7%
EBITDA $1.82B +56.0%
Net Income $1.29B +55.5%
EPS (Diluted) 12.02 +55.3%
Gross Margin 44.17% +12.7%
EBITDA Margin 43.22% +23.1%
Operating Margin 33.15% +28.3%
Net Margin 30.72% +22.7%
ROE 17.62% +32.8%
ROIC 16.81% +30.2%
Debt/Equity 0.09 -3.5%
Interest Coverage 35.87 -45.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Healthy 5Y average net margin of 17.0%

✗Weaknesses

✗Negative free cash flow

Price & Volume

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Growth Metrics

Revenue CAGR

10Y2.18%

5Y6.55%

3Y12.89%

TTM31.16%

Profit (Net Income) CAGR

10Y12.55%

5Y-

3Y40.22%

TTM12.2%

EPS CAGR

10Y11.89%

5Y-

3Y40%

TTM12.14%

ROCE

10Y Avg4.27%

5Y Avg7.78%

3Y Avg8.25%

Latest14.6%

Peer Comparison

Solar Panel Manufacturers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CSIQCanadian Solar Inc.	1.45B	21.61	40.02	-21.28%	0.27%	0.37%		1.42
FSLRFirst Solar, Inc.	26.14B	243.64	20.27	26.75%	27.73%	15.53%		0.09
MAXNMaxeon Solar Technologies, Ltd.	49.95M	2.95	-0.04	-54.68%	-320.48%
ASTIAscent Solar Technologies, Inc. Common Stock	22.81M	4.84	-0.47	-90.86%	-118.05%	-272.24%		0.61
JKSJinkoSolar Holding Co., Ltd.	1.52B	29.41	-1.45	-22.26%	-3.36%	-8.38%	100%	1.07

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	4.11B	2.9B	2.94B	2.24B	3.06B	2.71B	2.92B	2.62B	3.32B	4.21B
Revenue Growth %	0.21%	-0.29%	0.01%	-0.24%	0.36%	-0.11%	0.08%	-0.1%	0.27%	0.27%
Cost of Goods Sold+	2.98B	2.27B	2.39B	1.85B	2.51B	2.03B	2.19B	2.55B	2.02B	2.35B
COGS % of Revenue	0.72%	0.78%	0.81%	0.83%	0.82%	0.75%	0.75%	0.97%	0.61%	0.56%
Gross Profit+	1.13B	638.42M	548.95M	392.18M	549.21M	680.67M	729.95M	69.86M	1.3B	1.86B
Gross Margin %	0.28%	0.22%	0.19%	0.17%	0.18%	0.25%	0.25%	0.03%	0.39%	0.44%
Gross Profit Growth %	0.37%	-0.44%	-0.14%	-0.29%	0.4%	0.24%	0.07%	-0.9%	17.62%	0.43%
Operating Expenses+	402.6M	1.21B	371.1M	352.06M	711M	363.18M	143.2M	97.09M	443.41M	463.44M
OpEx % of Revenue	0.1%	0.42%	0.13%	0.16%	0.23%	0.13%	0.05%	0.04%	0.13%	0.11%
Selling, General & Admin	255.19M	261.99M	202.7M	176.86M	205.47M	222.92M	170.32M	164.72M	197.62M	188.26M
SG&A % of Revenue	0.06%	0.09%	0.07%	0.08%	0.07%	0.08%	0.06%	0.06%	0.06%	0.04%
Research & Development	130.59M	124.76M	88.57M	84.47M	96.61M	93.74M	99.11M	112.8M	152.31M	191.38M
R&D % of Revenue	0.03%	0.04%	0.03%	0.04%	0.03%	0.03%	0.03%	0.04%	0.05%	0.05%
Other Operating Expenses	16.82M	819.81M	79.82M	90.73M	408.92M	46.53M	-126.23M	-180.43M	93.48M	83.81M
Operating Income+	730.16M	-568.15M	177.85M	40.11M	-161.78M	317.49M	586.75M	-27.24M	857.27M	1.39B
Operating Margin %	0.18%	-0.2%	0.06%	0.02%	-0.05%	0.12%	0.2%	-0.01%	0.26%	0.33%
Operating Income Growth %	0.73%	-1.78%	1.31%	-0.77%	-5.03%	2.96%	0.85%	-1.05%	32.48%	0.63%
EBITDA+	987.98M	-337.21M	293.16M	170.85M	43.69M	550.41M	846.65M	242.49M	1.17B	1.82B
EBITDA Margin %	0.24%	-0.12%	0.1%	0.08%	0.01%	0.2%	0.29%	0.09%	0.35%	0.43%
EBITDA Growth %	0.48%	-1.34%	1.87%	-0.42%	-0.74%	11.6%	0.54%	-0.71%	3.81%	0.56%
D&A (Non-Cash Add-back)	257.82M	230.94M	115.31M	130.74M	205.47M	232.93M	259.9M	269.72M	307.99M	423.5M
EBIT	740.3M	-516.71M	227.88M	139.07M	-93.06M	317.23M	585.27M	20.82M	904.25M	1.45B
Net Interest Income+	15.54M	4.66M	9.94M	33.87M	21.82M	-7.48M	-6.93M	21.06M	84.7M	50.22M
Interest Income	22.52M	25.19M	35.7M	59.79M	48.89M	16.56M	6.18M	33.28M	97.67M	89.09M
Interest Expense	6.97M	20.54M	25.77M	25.92M	27.07M	24.04M	13.11M	12.22M	12.96M	38.87M
Other Income/Expense	-104.42M	175.21M	28.53M	107.65M	41.37M	-26.43M	-14.59M	35.83M	34.02M	11.92M
Pretax Income+	625.74M	-392.94M	206.38M	147.77M	-120.41M	291.06M	572.16M	8.6M	891.29M	1.41B
Pretax Margin %	0.15%	-0.14%	0.07%	0.07%	-0.04%	0.11%	0.2%	0%	0.27%	0.33%
Income Tax+	32.33M	23.17M	372M	3.44M	-5.48M	-107.29M	103.47M	52.76M	60.51M	114.29M
Effective Tax Rate %	0.95%	1.06%	-0.8%	0.98%	0.95%	1.37%	0.82%	-5.14%	0.93%	0.92%
Net Income+	593.41M	-416.11M	-165.62M	144.33M	-114.93M	398.36M	468.69M	-44.17M	830.78M	1.29B
Net Margin %	0.14%	-0.14%	-0.06%	0.06%	-0.04%	0.15%	0.16%	-0.02%	0.25%	0.31%
Net Income Growth %	0.5%	-1.7%	0.6%	1.87%	-1.8%	4.47%	0.18%	-1.09%	19.81%	0.56%
Net Income (Continuing)	593.41M	-416.11M	-165.62M	144.33M	-114.93M	398.36M	468.69M	-44.17M	830.78M	1.29B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	5.37	-3.48	-1.59	1.36	-1.09	3.73	4.38	-0.41	7.74	12.02
EPS Growth %	0.37%	-1.65%	0.54%	1.86%	-1.8%	4.42%	0.17%	-1.09%	19.88%	0.55%
EPS (Basic)	5.42	-3.48	-1.59	1.38	-1.09	3.76	4.41	-0.41	7.78	12.07
Diluted Shares Outstanding	101.81M	102.87M	104.33M	106.11M	105.31M	106.69M	106.92M	106.55M	107.37M	107.53M
Basic Shares Outstanding	100.89M	102.74M	104.16M	104.75M	105.31M	105.87M	106.26M	106.55M	106.8M	107.02M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	3.35B	3.79B	3.83B	3.86B	3.6B	3.01B	3.19B	3.79B	4.63B	5.09B
Cash & Short-Term Investments	1.83B	1.96B	2.99B	2.55B	2.16B	1.75B	1.83B	2.58B	2.1B	1.79B
Cash Only	1.13B	1.35B	2.27B	1.4B	1.35B	1.23B	1.45B	1.48B	1.95B	1.62B
Short-Term Investments	703.45M	607.99M	720.38M	1.14B	811.51M	520.07M	375.39M	1.1B	155.5M	171.58M
Accounts Receivable	561.08M	510.73M	419.05M	612.77M	712.29M	294.28M	454.71M	329.61M	1.41B	1.81B
Days Sales Outstanding	49.8	64.18	52	99.67	84.88	39.62	56.77	45.93	154.82	156.95
Inventory	517.31M	426M	201.21M	444.82M	497.1M	702.12M	819.4M	783.3M	1.01B	1.35B
Days Inventory Outstanding	63.36	68.61	30.7	87.67	72.17	126.2	136.35	112.14	183.07	209.59
Other Current Assets	310.45M	818.61M	135.89M	99.17M	40.46M	174.01M	21.48M	48.96M	43.04M	57.2M
Total Non-Current Assets+	3.97B	3.08B	3.03B	3.26B	3.92B	4.09B	4.22B	4.46B	5.73B	7.04B
Property, Plant & Equipment	1.38B	1.08B	1.57B	2.06B	2.8B	2.87B	3.07B	3.63B	4.5B	5.56B
Fixed Asset Turnover	2.98x	2.70x	1.87x	1.09x	1.09x	0.94x	0.95x	0.72x	0.74x	0.76x
Goodwill	84.98M	14.46M	14.46M	14.46M	14.46M	14.46M	14.46M	14.46M	29.69M	28.34M
Intangible Assets	110M	87.97M	80.23M	74.16M	64.54M	56.14M	45.51M	31.11M	64.51M	54.65M
Long-Term Investments	399.81M	234.61M	217.23M	3.19M	2.81M	0	0	0	0	0
Other Non-Current Assets	1.64B	1.37B	1.1B	1.03B	899.43M	1.05B	1.03B	705.47M	994.55M	1.19B
Total Assets+	7.32B	6.87B	6.86B	7.12B	7.52B	7.11B	7.41B	8.25B	10.37B	12.12B
Asset Turnover	0.56x	0.42x	0.43x	0.32x	0.41x	0.38x	0.39x	0.32x	0.32x	0.35x
Asset Growth %	0.09%	-0.06%	-0%	0.04%	0.06%	-0.05%	0.04%	0.11%	0.26%	0.17%
Total Current Liabilities+	960.8M	899.71M	650.28M	845.46M	1.32B	847.4M	726.88M	1.04B	1.31B	2.08B
Accounts Payable	337.67M	148.73M	120.22M	233.29M	218.08M	183.35M	193.37M	341.41M	207.18M	482.19M
Days Payables Outstanding	41.36	23.96	18.34	45.98	31.66	32.96	32.18	48.88	37.47	74.94
Short-Term Debt	38.09M	27.97M	13.07M	5.57M	17.51M	41.54M	3.9M	0	96.24M	236.42M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	68.36M	146.94M	48.76M	56.32M	81.2M	116.3M	48.45M	59.99M	66M	56.41M
Current Ratio	3.48x	4.21x	5.89x	4.57x	2.73x	3.56x	4.39x	3.65x	3.55x	2.45x
Quick Ratio	2.94x	3.74x	5.58x	4.04x	2.35x	2.73x	3.26x	2.90x	2.77x	1.80x
Cash Conversion Cycle	71.8	108.84	64.36	141.36	125.39	132.86	160.95	109.19	300.41	291.59
Total Non-Current Liabilities+	807.04M	754.82M	1.12B	1.06B	1.1B	740.61M	727.32M	1.38B	2.37B	2.07B
Long-Term Debt	251.32M	187M	380.46M	461.22M	454.19M	237.69M	236M	184.35M	464.07M	373.35M
Capital Lease Obligations	0	0	0	0	112.52M	189.03M	145.91M	40.59M	53.73M	95.74M
Deferred Tax Liabilities	0	0	0	0	6.49M	23.67M	27.7M	28.93M	42.77M	54.7M
Other Non-Current Liabilities	555.72M	511.14M	671.81M	554.27M	456.08M	245.29M	221.76M	178.53M	219.34M	217.72M
Total Liabilities	1.77B	1.65B	1.77B	1.91B	2.42B	1.59B	1.45B	2.42B	3.68B	4.15B
Total Debt+	289.42M	214.97M	436.94M	466.79M	595.31M	482.27M	398.59M	234.13M	624.39M	718.8M
Net Debt	-837.41M	-1.13B	-1.83B	-936.77M	-757.43M	-744.73M	-1.05B	-1.25B	-1.32B	-902.57M
Debt / Equity	0.05x	0.04x	0.09x	0.09x	0.12x	0.09x	0.07x	0.04x	0.09x	0.09x
Debt / EBITDA	0.29x	-	1.49x	2.73x	13.63x	0.88x	0.47x	0.97x	0.54x	0.40x
Net Debt / EBITDA	-0.85x	-	-6.25x	-5.48x	-17.34x	-1.35x	-1.24x	-5.14x	-1.14x	-0.50x
Interest Coverage	104.68x	-27.66x	6.90x	1.55x	-5.98x	13.21x	44.77x	-2.23x	66.12x	35.87x
Total Equity+	5.55B	5.21B	5.1B	5.21B	5.1B	5.52B	5.96B	5.84B	6.69B	7.98B
Equity Growth %	0.1%	-0.06%	-0.02%	0.02%	-0.02%	0.08%	0.08%	-0.02%	0.15%	0.19%
Book Value per Share	54.50	50.67	48.87	49.12	48.40	51.75	55.74	54.77	62.28	74.19
Total Shareholders' Equity	5.55B	5.21B	5.1B	5.21B	5.1B	5.52B	5.96B	5.84B	6.69B	7.98B
Common Stock	102K	104K	104K	105K	105K	106K	106K	107K	107K	107K
Retained Earnings	2.79B	2.46B	2.3B	2.44B	2.33B	2.72B	3.18B	3.14B	3.97B	5.26B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	15.48M	-9.91M	2.26M	-54.47M	-79.33M	-61.73M	-96.36M	-191.82M	-174.13M	-184.06M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-360.92M	206.75M	1.34B	-326.81M	174.2M	37.12M	237.56M	873.37M	602.26M	1.22B
Operating CF Margin %	-0.09%	0.07%	0.46%	-0.15%	0.06%	0.01%	0.08%	0.33%	0.18%	0.29%
Operating CF Growth %	-1.53%	1.57%	5.48%	-1.24%	1.53%	-0.79%	5.4%	2.68%	-0.31%	1.02%
Net Income	546.42M	-357.96M	-165.62M	144.33M	-114.93M	398.36M	468.69M	-44.17M	830.78M	1.29B
Depreciation & Amortization	257.82M	230.94M	115.31M	130.74M	205.47M	232.93M	259.9M	269.72M	307.99M	423.5M
Stock-Based Compensation	44.9M	28.71M	35.12M	34.15M	37.43M	29.27M	20.9M	28.66M	34.22M	28.1M
Deferred Taxes	-17.53M	123.86M	173.37M	-10.11M	-59.92M	36.01M	49.85M	-12.8M	-60.81M	-54.75M
Other Non-Cash Items	-27.07M	662.76M	16.4M	-299.57M	-119.13M	-96.99M	-225.08M	-366.68M	16.75M	12.23M
Working Capital Changes	-1.17B	-481.56M	1.17B	-326.34M	225.28M	-562.45M	-336.7M	998.64M	-526.66M	-483.12M
Change in Receivables	-340.29M	92.75M	85.76M	-116.39M	301.11M	-196.34M	-222.2M	118.72M	-304.18M	-505.34M
Change in Inventory	113.54M	95.78M	212.76M	-257.23M	-83.53M	-145.4M	-136.37M	16.69M	-205.11M	-276.81M
Change in Payables	143.87M	-191.64M	-47.19M	96.44M	-336K	-43.28M	34.92M	5.57M	79.33M	268.73M
Cash from Investing+	-112.14M	144.52M	-626.8M	-682.71M	-362.3M	-131.23M	-99.04M	-1.19B	-472.79M	-1.56B
Capital Expenditures	-166.44M	-229.45M	-514.36M	-739.84M	-668.72M	-416.63M	-540.29M	-903.61M	-1.39B	-1.53B
CapEx % of Revenue	0.04%	0.08%	0.17%	0.33%	0.22%	0.15%	0.18%	0.34%	0.42%	0.36%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	284.89M	-10.16M	1.5M	42.58M	-2.88M	-5.5M	-6.71M	-3.05M	-9.05M	-12.99M
Cash from Financing+	137.1M	-136.39M	192.04M	255.23M	74.94M	-82.59M	40.55M	309.39M	336.85M	24.85M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	4.13M	-5.43M	-37.18M	-5.58M	999K	-804K	0	0	0	-7.61M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-527.36M	-22.7M	826.32M	-1.07B	-494.52M	-379.51M	-302.73M	-30.24M	-784.51M	-308.08M
FCF Margin %	-0.13%	-0.01%	0.28%	-0.48%	-0.16%	-0.14%	-0.1%	-0.01%	-0.24%	-0.07%
FCF Growth %	-2.25%	0.96%	37.4%	-2.29%	0.54%	0.23%	0.2%	0.9%	-24.95%	0.61%
FCF per Share	-5.18	-0.22	7.92	-10.05	-4.70	-3.56	-2.83	-0.28	-7.31	-2.87
FCF Conversion (FCF/Net Income)	-0.61x	-0.50x	-8.10x	-2.26x	-1.52x	0.09x	0.51x	-19.77x	0.72x	0.94x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	11.22%	-7.73%	-3.21%	2.8%	-2.23%	7.5%	8.16%	-0.75%	13.27%	17.62%
Return on Invested Capital (ROIC)	12.93%	-9.69%	3.63%	0.8%	-2.82%	5.22%	9.09%	-0.43%	12.92%	16.81%
Gross Margin	27.54%	21.98%	18.66%	17.48%	17.93%	25.1%	24.97%	2.67%	39.19%	44.17%
Net Margin	14.43%	-14.33%	-5.63%	6.43%	-3.75%	14.69%	16.03%	-1.69%	25.03%	30.72%
Debt / Equity	0.05x	0.04x	0.09x	0.09x	0.12x	0.09x	0.07x	0.04x	0.09x	0.09x
Interest Coverage	104.68x	-27.66x	6.90x	1.55x	-5.98x	13.21x	44.77x	-2.23x	66.12x	35.87x
FCF Conversion	-0.61x	-0.50x	-8.10x	-2.26x	-1.52x	0.09x	0.51x	-19.77x	0.72x	0.94x
Revenue Growth	21.27%	-29.37%	1.27%	-23.71%	36.5%	-11.48%	7.82%	-10.4%	26.7%	26.75%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Modules	-	-	-	-	-	-	-	-	-	4.2B
Modules Growth	-	-	-	-	-	-	-	-	-	-
Other	-	-	-	-	-	-	592M	191.04M	21.79M	3.56M
Other Growth	-	-	-	-	-	-	-	-67.73%	-88.59%	-83.68%
Solar Module	227.46M	675.45M	2.3B	3.2B	3.9B	3.3B	2.33B	2.43B	3.3B	-
Solar Module Growth	-	196.95%	240.51%	39.13%	21.88%	-15.38%	-29.35%	4.16%	35.77%	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	3.12B	2.45B	2.27B	1.48B	2.66B	1.84B	2.46B	2.19B	3.19B	3.9B
UNITED STATES Growth	-	-21.46%	-7.14%	-35.00%	79.96%	-30.70%	33.26%	-10.70%	45.31%	22.50%
INDIA	134.46M	158.18M	141.49M	232.13M	7.45M	33.85M	37.65M	37.22M	-	201.71M
INDIA Growth	-	17.64%	-10.55%	64.06%	-96.79%	354.27%	11.23%	-1.16%	-	-
FRANCE	-	-	-	-	88.82M	127.1M	121.54M	67.66M	68.3M	34.37M
FRANCE Growth	-	-	-	-	-	43.10%	-4.37%	-44.33%	0.95%	-49.68%
JAPAN	-	-	-	234.81M	34.23M	469.66M	207.61M	46.43M	6.95M	-
JAPAN Growth	-	-	-	-	-85.42%	1271.90%	-55.80%	-77.64%	-85.03%	-
CHILE	-	-	-	-	-	-	-	173.28M	9K	-
CHILE Growth	-	-	-	-	-	-	-	-	-99.99%	-
CANADA	6.19M	-	-	-	-	118.86M	5.29M	82K	-	-
CANADA Growth	-	-	-	-	-	-	-95.55%	-98.45%	-	-
AUSTRALIA	185.06M	9.57M	108.64M	153.16M	138.33M	20.79M	11.81M	-	-	-
AUSTRALIA Growth	-	-94.83%	1035.48%	40.98%	-9.69%	-84.97%	-43.17%	-	-	-
TURKEY	-	-	124.43M	19.35M	426K	-	-	-	-	-
TURKEY Growth	-	-	-	-84.45%	-97.80%	-	-	-	-	-
JORDAN	-	120.13M	2.25M	2.15M	-	-	-	-	-	-
JORDAN Growth	-	-	-98.12%	-4.66%	-	-	-	-	-	-
SPAIN	-	141.32M	379K	741K	-	-	-	-	-	-
SPAIN Growth	-	-	-99.73%	95.51%	-	-	-	-	-	-
GERMANY	63.71M	14.5M	-	-	-	-	-	-	-	-
GERMANY Growth	-	-77.24%	-	-	-	-	-	-	-	-
HONDURAS	48.77M	-	-	-	-	-	-	-	-	-
HONDURAS Growth	-	-	-	-	-	-	-	-	-	-
UNITED ARAB EMIRATES	-	-	-	-	-	-	-	-	-	-
UNITED ARAB EMIRATES Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

First Solar, Inc. (FSLR) has a price-to-earnings (P/E) ratio of 20.3x. This is roughly in line with market averages.

Growth & Financials

First Solar, Inc. (FSLR) reported $5.05B in revenue for fiscal year 2024. This represents a 83% increase from $2.77B in 2011.

First Solar, Inc. (FSLR) grew revenue by 26.7% over the past year. This is strong growth.

Yes, First Solar, Inc. (FSLR) is profitable, generating $1.40B in net income for fiscal year 2024 (30.7% net margin).

Dividend & Returns

First Solar, Inc. (FSLR) has a return on equity (ROE) of 17.6%. This is reasonable for most industries.

First Solar, Inc. (FSLR) generated $614.5M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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