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	Dec 5, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Market Capitalization	27,644	18,868	18,407	15,968	9,267	10,483
Market Cap Growth	37.82%	2.50%	15.27%	72.31%	-11.60%	77.72%
Enterprise Value	26,496	18,292	17,128	14,354	7,812	9,313
Last Close Price	257.61	176.24	172.28	149.79	87.16	98.92
PE Ratio	19.77	14.60	22.16	-	19.77	26.32
Forward PE	11.75	9.14	14.89	44.67	37.54	26.98
PS Ratio	5.47	4.49	5.55	6.10	3.17	3.87
PB Ratio	3.07	2.37	2.75	2.74	1.56	1.90
P/TBV Ratio	3.09	2.39	2.79	2.76	1.57	1.92
P/FCF Ratio	44.98	-	-	-	-	-
P/OCF Ratio	17.00	15.49	30.56	18.28	39.01	282.41
PEG Ratio	0.36	0.28	0.40	2.56	4.75	1.97
EV/Sales Ratio	5.25	4.35	5.16	5.48	2.67	3.44
EV/EBITDA Ratio	13.12	10.07	14.35	-	11.17	16.23
EV/EBIT Ratio	17.60	13.13	19.33	-	17.78	27.32
EV/FCF Ratio	43.12	-	-	-	-	-
Debt / Equity Ratio	0.10	0.09	0.09	0.04	0.07	0.09
Debt / EBITDA Ratio	0.44	0.39	0.52	36.20	0.55	0.81
Debt / FCF Ratio	1.45	-	-	-	-	-
Asset Turnover	0.41	0.37	0.36	0.33	0.40	0.37
Inventory Turnover	2.15	2.07	2.37	3.37	3.04	3.46
Quick Ratio	1.38	1.72	2.67	2.80	3.14	2.41
Current Ratio	1.91	2.45	3.55	3.65	4.39	3.56
Return on Equity (ROE)	16.86%	17.62%	13.27%	-0.75%	8.16%	7.50%
Return on Assets (ROA)	7.56%	7.75%	5.95%	-2.24%	3.78%	2.91%
Return on Capital (ROIC)	10.34%	10.88%	8.28%	-2.82%	4.44%	3.64%
Return on Capital Employed (ROCE)	14.50%	13.90%	9.80%	-3.90%	6.60%	5.40%
Earnings Yield	5.07%	6.85%	4.51%	-0.28%	5.06%	3.80%
FCF Yield	2.22%	-1.63%	-4.26%	-0.19%	-3.27%	-3.62%
Buyback Yield / Dilution	0.00%	-0.14%	-0.77%	0.35%	-0.22%	-1.31%

Updated Oct 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q