First Solar, Inc. (FSLR)

First Solar Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Aug 15, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Market Capitalization	21,444	18,868	18,407	15,968	9,267	10,483
Market Cap Growth	-26.44%	2.50%	15.27%	72.31%	-11.60%	77.72%
Enterprise Value	21,357	18,292	17,128	14,354	7,812	9,313
Last Close Price	199.95	176.24	172.28	149.79	87.16	98.92
PE Ratio	17.09	14.60	22.16	-	19.77	26.32
Forward PE	10.36	9.14	14.89	44.67	37.54	26.98
PS Ratio	4.93	4.49	5.55	6.10	3.17	3.87
PB Ratio	2.51	2.37	2.75	2.74	1.56	1.90
P/TBV Ratio	2.53	2.39	2.79	2.76	1.57	1.92
P/OCF Ratio	71.75	15.49	30.56	18.28	39.01	282.41
PEG Ratio	0.35	0.28	0.40	2.56	4.75	1.97
EV/Sales Ratio	4.92	4.35	5.16	5.48	2.67	3.44
EV/EBITDA Ratio	11.56	10.07	14.35	-	11.17	16.23
EV/EBIT Ratio	15.69	13.13	19.33	-	17.78	27.32
Debt / Equity Ratio	0.13	0.09	0.09	0.04	0.07	0.09
Debt / EBITDA Ratio	0.57	0.39	0.52	36.20	0.55	0.81
Asset Turnover	0.36	0.37	0.36	0.33	0.40	0.37
Inventory Turnover	1.73	2.07	2.37	3.37	3.04	3.46
Quick Ratio	1.21	1.72	2.67	2.80	3.14	2.41
Current Ratio	1.90	2.45	3.55	3.65	4.39	3.56
Return on Equity (ROE)	15.92%	17.62%	13.27%	-0.75%	8.16%	7.50%
Return on Assets (ROA)	7.13%	7.75%	5.95%	-2.24%	3.78%	2.91%
Return on Capital (ROIC)	9.73%	10.88%	8.28%	-2.82%	4.44%	3.64%
Return on Capital Employed (ROCE)	13.60%	13.90%	9.80%	-	6.60%	5.40%
Earnings Yield	5.86%	6.85%	4.51%	-0.28%	5.06%	3.80%
FCF Yield	-4.40%	-1.63%	-4.26%	-0.19%	-3.27%	-3.62%
Buyback Yield / Dilution	-0.01%	-0.14%	-0.77%	0.35%	-0.22%	-1.31%

Updated Jul 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q