First Solar, Inc. (FSLR) Earnings History
Annual and quarterly earnings data from 2001 to 2025
Loading earnings history...
FSLR EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
FSLR Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 40.6% | 32.3% | 29.3% |
| 2024 | 44.2% | 33.2% | 30.7% |
| 2023 | 39.2% | 25.8% | 25.0% |
| 2022 | 2.7% | -1.0% | -1.7% |
| 2021 | 25.0% | 20.1% | 16.0% |
Download Data
Export FSLR earnings history in CSV or JSON format
Free sign-in required to download data
First Solar, Inc. (FSLR) Earnings Overview
As of May 8, 2026, First Solar, Inc. (FSLR) reported trailing twelve-month net income of $1.67B, reflecting +18.2% year-over-year growth. The company earned $15.47 per diluted share over the past four quarters, with a net profit margin of 29.3%.
Looking at the long-term picture, FSLR's 5-year EPS compound annual growth rate (CAGR) stands at +30.7%, indicating exceptional earnings growth. The company achieved its highest annual net income of $1.53B in fiscal 2025, representing a new all-time high.
First Solar, Inc. maintains industry-leading profitability with a gross margin of 40.6%, operating margin of 32.3%, and net margin of 29.3%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including CSIQ (-$104M net income, -1.9% margin), JKS (-$2.52B net income, -6.8% margin), ARRY (-$67M net income, -4.1% margin), FSLR has outperformed on profitability metrics. Compare FSLR vs CSIQ →
FSLR Earnings vs Peers
Earnings metrics vs comparable public companies
FSLR Historical Earnings Data (2001–2025)
23 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.53B | +18.3% | $1.68B | $14.21 | 29.3% | 32.3% |
| 2024 | $1.29B | +55.5% | $1.39B | $12.02 | 30.7% | 33.2% |
| 2023 | $831M | +1981.0% | $857M | $7.74 | 25.0% | 25.8% |
| 2022 | -$44M | -109.4% | -$27M | $-0.41 | -1.7% | -1.0% |
| 2021 | $469M | +17.7% | $587M | $4.38 | 16.0% | 20.1% |
| 2020 | $398M | +446.6% | $317M | $3.73 | 14.7% | 11.7% |
| 2019 | -$115M | -179.6% | -$162M | $-1.09 | -3.8% | -5.3% |
| 2018 | $144M | +187.1% | $40M | $1.36 | 6.4% | 1.8% |
| 2017 | -$166M | +60.2% | $178M | $-1.59 | -5.6% | 6.0% |
| 2016 | -$416M | -170.1% | -$568M | $-3.48 | -14.3% | -19.6% |
Full FSLR Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
See FSLR's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs FSLR Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare FSLR vs SOC
Side-by-side business, growth, and profitability comparison vs Sable Offshore Corp..
Start ComparisonFSLR — Frequently Asked Questions
Quick answers to the most common questions about buying FSLR stock.
Is FSLR growing earnings?
FSLR EPS is $15.47, with earnings growth accelerating to +18.2%. This exceeds the 5-year CAGR of +30.7%. TTM net income reached $1.7B.
What are FSLR's profit margins?
First Solar, Inc. net margin is +29.3%, with operating margin at +32.3%. Above-average margins indicate pricing power.
How consistent are FSLR's earnings?
FSLR earnings data spans 2001-2025. The accelerating earnings trend is +18.2% YoY. Historical data enables comparison across business cycles.