FIRST SOLAR, INC.
Company Stats
- Market Cap
- $18.8B
- as of Sep 30, 2026
- Enterprise Value
- $16.5B
- Shares Outstanding
- 107.5M
- Free Float
- 55.4%
Income Statement
- Revenue
- $5.2B
- Operating Income
- $1.6B
- Net Income
- $1.5B
- EBITDA
- $2.1B
- Revenue Growth, 3Y
- 25.8%
- FCF Margin, 3Y Avg
- -2.7%
- FCF Margin, Worst Year
- -23.6%
Cash Flow
- Free Cash Flow
- $1.2B
- FCF Yield
- 6.3%
- Owner FCF Yield
- 6.2%
Balance Sheet
- Cash & Equivalents
- $2.8B
- Total Debt
- $498.6M
- Net Cash
- $2.3B
- EV / EBITDA
- 7.77x
Returns & Capital
- SBC, 3Y Avg
- $27.2M
Cash Flow by Year
| Year | Revenue | FCF | Margin |
|---|---|---|---|
| FY2025 | $5.2B | $1.2B | 22.7% |
| FY2024 | $4.2B | -$308.1M | -7.3% |
| FY2023 | $3.3B | -$784.5M | -23.6% |
| FY2022 | $2.6B | -$30.2M | -1.2% |
| FY2021 | $2.9B | -$302.7M | -10.4% |
Annual filing data through FY ended December 31, 2025; shares and float as of October 28, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.
Stronger demand supports expansion as pricing diverges