First Solar Financials

FSLR Stock  USD 225.52  1.51  0.67%   
Based on the analysis of First Solar's profitability, liquidity, and operating efficiency, First Solar is doing better financially today then in previous quarter. It has a moderate probability of reporting better financial numbers in March. At this time, First Solar's Liabilities And Stockholders Equity is relatively stable compared to the past year. As of 01/31/2026, Non Current Liabilities Total is likely to grow to about 2.5 B, while Cash is likely to drop slightly above 1.1 B.
 
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First Solar Balance Sheet Chart

At this time, First Solar's Liabilities And Stockholders Equity is relatively stable compared to the past year. As of 01/31/2026, Non Current Liabilities Total is likely to grow to about 2.5 B, while Cash is likely to drop slightly above 1.1 B.
Key indicators impacting First Solar's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Current Ratio2.812.2
Significantly Up
Very volatile
The financial analysis of First Solar is a critical element in measuring its lifeblood. Investors should not minimize First Solar's ability to pay suppliers or employees on time, ensuring interest payments are not accumulating.

Net Income

1.56 Billion

  
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Understanding current and past First Solar Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of First Solar's financial statements are interrelated, with each one affecting the others. For example, an increase in First Solar's assets may result in an increase in income on the income statement.

First Solar Stock Summary

First Solar competes with Cenovus Energy, Woodside Energy, Nextracker, Targa Resources, and Cheniere Energy. First Solar, Inc. provides photovoltaic solar energy solutions in the United State, Japan, France, Canada, India, Australia, and internationally. First Solar, Inc. was founded in 1999 and is headquartered in Tempe, Arizona. First Solar operates under Solar classification in the United States and is traded on NASDAQ Exchange. It employs 4800 people.
Foreign Associate
  Mexico
Specialization
Information Technology, Semiconductors & Semiconductor Equipment
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS3364331070
Business Address350 West Washington
SectorSemiconductors & Semiconductor Equipment
IndustryInformation Technology
BenchmarkDow Jones Industrial
Websitewww.firstsolar.com
Phone602 414 9300
CurrencyUSD - US Dollar

First Solar Key Financial Ratios

First Solar Key Balance Sheet Accounts

202120222023202420252026 (projected)
Total Assets7.4B8.3B10.4B12.1B13.9B14.6B
Net Debt(1.1B)(1.2B)(1.3B)(902.6M)(812.3M)(852.9M)
Cash1.5B1.5B1.9B1.6B1.9B1.1B
Other Assets1.0B1.4B1.1B777.9M894.6M965.4M
Net Receivables454.7M329.6M1.4B1.8B2.1B2.2B
Inventory819.4M783.3M1.0B1.3B1.6B1.6B
Other Current Assets91.1M100.5M112.6M138.9M159.7M246.9M
Total Liab1.5B2.4B3.7B4.1B4.8B5.0B
Total Current Assets3.2B3.8B4.6B5.1B5.9B6.1B
Other Current Liab310.4M394.8M529.9M556.2M639.6M443.5M
Retained Earnings3.2B3.1B4.0B5.3B6.1B6.4B
Accounts Payable193.4M341.4M207.2M482.2M554.5M582.2M
Other Liab526.8M502.9M345.4M1.2B1.3B1.4B
Long Term Debt236.0M184.3M464.1M373.4M429.4M296.3M
Short Term Debt16.7M9.2M106.6M249.7M287.2M301.5M
Intangible Assets45.5M31.1M64.5M54.7M62.9M77.7M
Net Tangible Assets5.0B5.5B5.9B5.8B6.7B5.1B

First Solar Key Income Statement Accounts

The reason investors look at the income statement is to determine what First Solar's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
202120222023202420252026 (projected)
Interest Expense13.1M12.2M13.0M38.9M44.7M46.9M
Gross Profit730.0M69.9M1.3B1.9B2.1B2.2B
Operating Income586.8M(27.2M)857.3M1.4B1.6B1.7B
Ebit585.3M20.8M904.3M1.4B1.7B1.7B
Research Development99.1M112.8M152.3M191.4M220.1M231.1M
Ebitda845.2M290.5M1.2B1.9B2.1B2.3B
Cost Of Revenue2.2B2.5B2.0B2.3B2.7B1.7B
Income Before Tax572.2M8.6M891.3M1.4B1.6B1.7B
Net Income468.7M(44.2M)830.8M1.3B1.5B1.6B
Income Tax Expense103.5M52.8M60.5M114.3M131.4M138.0M
Total Revenue2.9B2.6B3.3B4.2B4.8B5.1B
Tax Provision103.5M52.8M34.0M114.3M102.9M52.6M
Interest Income6.2M33.3M92.4M89.1M102.5M107.6M
Net Interest Income(6.9M)21.1M83.4M50.2M57.8M60.6M

First Solar Key Cash Accounts

202120222023202420252026 (projected)
Change In Cash182.2M37.6M471.6M(326.8M)(294.2M)(279.5M)
Free Cash Flow(302.7M)(30.2M)(784.5M)(308.1M)(277.3M)(263.4M)
Other Non Cash Items(225.1M)(366.7M)16.7M12.2M11.0M14.7M
Capital Expenditures540.3M903.6M1.4B1.5B1.8B1.8B
Net Income468.7M(44.2M)830.8M1.3B1.5B1.6B
End Period Cash Flow1.5B1.5B2.0B1.6B1.9B1.1B
Change To Inventory(136.4M)16.7M(205.1M)(276.8M)(249.1M)(236.7M)
Depreciation259.9M269.7M308.0M423.5M487.0M511.4M
Investments147.5M(1.2B)(869.7M)(1.6B)(1.4B)(1.3B)
Net Borrowings56.5M321.5M368.0M52.6M60.5M92.1M
Change To Netincome(12.9M)120.4M(57.1M)(350.8M)(315.7M)(300.0M)

First Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining First Solar's current stock value. Our valuation model uses many indicators to compare First Solar value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across First Solar competition to find correlations between indicators driving First Solar's intrinsic value. More Info.
First Solar is one of the top stocks in return on equity category among its peers. It also is one of the top stocks in return on asset category among its peers reporting about  0.45  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for First Solar is roughly  2.23 . At this time, First Solar's Return On Equity is relatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value First Solar by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.
Most indicators from First Solar's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into First Solar current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Solar. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
To learn how to invest in First Stock, please use our How to Invest in First Solar guide.At this time, First Solar's Selling General Administrative is relatively stable compared to the past year. As of 01/31/2026, Enterprise Value Over EBITDA is likely to grow to 9.08, while Tax Provision is likely to drop slightly above 52.6 M.
 2023 2024 2025 2026 (projected)
Total Operating Expenses443.4M463.4M533.0M413.6M
Cost Of Revenue2.0B2.3B2.7B1.7B

First Solar fundamental ratios Correlations

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0.02-0.060.07-0.29-0.170.15-0.030.860.21-0.130.29-0.12-0.130.580.43-0.050.11-0.320.460.02-0.10.110.22-0.010.12
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0.880.860.780.870.020.270.890.2-0.130.020.350.920.88-0.10.270.960.810.920.30.910.860.83-0.430.820.45
0.690.420.770.54-0.640.850.630.580.290.810.350.460.52-0.010.980.50.750.470.370.490.650.460.420.470.3
0.880.850.790.87-0.160.440.890.21-0.120.220.920.460.84-0.220.390.960.830.90.270.830.830.79-0.270.940.54
0.940.750.90.96-0.120.350.970.19-0.130.140.880.520.84-0.230.430.910.830.960.20.890.950.87-0.290.80.2
-0.11-0.19-0.11-0.360.01-0.09-0.20.390.58-0.04-0.1-0.01-0.22-0.230.13-0.10.03-0.340.510.05-0.21-0.10.06-0.17-0.05
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0.330.240.260.13-0.190.330.250.530.460.260.30.370.270.20.510.480.410.420.130.520.160.360.050.340.27
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0.980.730.970.95-0.310.520.980.25-0.10.350.860.650.830.95-0.210.540.890.920.950.160.870.85-0.110.780.21
0.870.670.820.81-0.060.260.890.370.110.160.830.460.790.87-0.10.40.880.80.820.360.910.85-0.130.840.24
-0.08-0.320.04-0.2-0.510.36-0.170.130.220.74-0.430.42-0.27-0.290.060.46-0.260.08-0.290.05-0.23-0.11-0.13-0.14-0.09
0.850.70.760.81-0.230.440.840.28-0.010.280.820.470.940.8-0.170.420.920.810.820.340.810.780.84-0.140.39
0.330.740.250.280.130.260.310.260.120.140.450.30.540.2-0.050.310.440.330.280.270.280.210.24-0.090.39
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First Solar Account Relationship Matchups

First Solar fundamental ratios Accounts

202120222023202420252026 (projected)
Total Assets7.4B8.3B10.4B12.1B13.9B14.6B
Net Debt(1.1B)(1.2B)(1.3B)(902.6M)(812.3M)(852.9M)
Cash1.5B1.5B1.9B1.6B1.9B1.1B
Other Assets1.0B1.4B1.1B777.9M894.6M965.4M
Net Receivables454.7M329.6M1.4B1.8B2.1B2.2B
Inventory819.4M783.3M1.0B1.3B1.6B1.6B
Other Current Assets91.1M100.5M112.6M138.9M159.7M246.9M
Total Liab1.5B2.4B3.7B4.1B4.8B5.0B
Total Current Assets3.2B3.8B4.6B5.1B5.9B6.1B
Other Current Liab310.4M394.8M529.9M556.2M639.6M443.5M
Retained Earnings3.2B3.1B4.0B5.3B6.1B6.4B
Accounts Payable193.4M341.4M207.2M482.2M554.5M582.2M
Other Liab526.8M502.9M345.4M1.2B1.3B1.4B
Long Term Debt236.0M184.3M464.1M373.4M429.4M296.3M
Short Term Debt16.7M9.2M106.6M249.7M287.2M301.5M
Intangible Assets45.5M31.1M64.5M54.7M62.9M77.7M
Net Tangible Assets5.0B5.5B5.9B5.8B6.7B5.1B

First Solar Thematic Clasifications

First Solar is part of several thematic ideas from Trump Equities to Climate Change. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic Ideas
Today, most investors in First Solar Stock are looking for potential investment opportunities by analyzing not only static indicators but also various First Solar's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of First Solar growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.3

At this time, First Solar's Price Earnings To Growth Ratio is relatively stable compared to the past year.

First Solar January 31, 2026 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of First Solar help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of First Solar. We use our internally-developed statistical techniques to arrive at the intrinsic value of First Solar based on widely used predictive technical indicators. In general, we focus on analyzing First Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build First Solar's daily price indicators and compare them against related drivers.

Additional Tools for First Stock Analysis

When running First Solar's price analysis, check to measure First Solar's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First Solar is operating at the current time. Most of First Solar's value examination focuses on studying past and present price action to predict the probability of First Solar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Solar's price. Additionally, you may evaluate how the addition of First Solar to your portfolios can decrease your overall portfolio volatility.