SuperworthFirst Solar FSLR
- Market cap
- $18.5B
- PE
- 10.6×
- 10y median 20.9×
- Forward PE
- 8.1×
- 10y median 17.8×
- Price to sales
- 3.4×
- EV/EBIT
- 9.3×
- Revenue, 12 months
- $5.4B
- +24% on a year ago
- Net margin
- 32.5%
- Free cash flow yield
- 8.1%
First Solar trades at 10.6× trailing earnings, cheaper than 95% of the last ten years. Revenue was $5.4B over the last twelve months, up 24% on a year earlier with a 32% net margin.
Charts
Financials
| Income statement | Q3 FY23 | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $801.1M+27% | $1.2B+16% | $794.1M+45% | $1B+25% | $887.7M+11% | $1.5B+31% | $844.6M+6% | $1.1B+9% | $1.6B+80% | $1.7B+11% | $1B+24% | $1.1B−4% | |
| Cost of revenue | $424.9M−30% | $656.5M−30% | $448.1M+3% | $511.6M+2% | $442.4M+4% | $946.4M+44% | $500.2M+12% | $597.3M+17% | $984.1M+123% | $1B+8% | $558.1M+12% | $451.2M−25% |
| Gross profit | $376.2M+1693% | $502M+728% | $346M+209% | $498.9M+61% | $445.3M+18% | $567.7M+13% | $344.4M−1% | $499.9M+0% | $610.7M+37% | $665.3M+17% | $486.1M+41% | $605M+21% |
| R&D | $41.2M+41% | $43.9M+40% | $42.7M+40% | $51.9M+41% | $50.2M+22% | $46.5M+6% | $52.4M+23% | $54.5M+5% | $60.6M+21% | $66M+42% | $66.9M+28% | $76.2M+40% |
| SG&A | $50.2M+8% | $57.1M+34% | $45.8M+4% | $46.6M+1% | $46.3M−8% | $49.6M−13% | $53.2M+16% | $52.6M+13% | $47.3M+2% | $50.7M+2% | $65.3M+23% | $51.9M−1% |
| $273M | $397.8M | $243.1M+1251% | $372.5M+121% | $322M+18% | $456.8M+15% | $221.2M−9% | $361.6M−3% | $466.1M+45% | $547.9M+20% | $345.3M+56% | $450.4M+25% | |
| Interest expense | $3.7M+25% | $7.1M+126% | $9.2M+1131% | $9.8M+590% | $9M+141% | $10.9M+54% | $9.5M+3% | $9.2M−6% | $14.1M+57% | $11.3M+4% | $7.6M−20% | $5.6M−39% |
| Pre-tax income | $290.5M | $376.7M | $255.5M+616% | $377.1M+100% | $327.3M+13% | $446.3M+19% | $217.1M−15% | $352.2M−7% | $460.3M+41% | $551.3M+24% | $354.3M+63% | $459.4M+30% |
| $22.1M | $27.4M+2712% | $18.9M | $27.8M+55% | $14.4M−35% | $53.2M+94% | $7.5M−60% | $10.3M−63% | $4.4M−69% | $30.5M−43% | $7.7M+3% | $36.8M+257% | |
| Net income | $268.4M | $349.2M | $236.6M+456% | $349.4M+105% | $313M+17% | $393.1M+13% | $209.5M−11% | $341.9M−2% | $455.9M+46% | $520.9M+33% | $346.6M+65% | $422.6M+24% |
| $2.50 | $3.25 | $2.20+450% | $3.25+104% | $2.91+16% | $3.65+12% | $1.95−11% | $3.18−2% | $4.24+46% | $4.84+33% | $3.22+65% | $3.92+23% | |
| 107.5M+1% | 107.5M+1% | 107.4M+0% | 107.5M+0% | 107.6M+0% | 107.6M+0% | 107.4M+0% | 107.5M+0% | 107.5M+0% | 107.7M+0% | 107.6M+0% | 107.7M+0% |
EPS, diluted: 18 periods, Q4 FY08 to Q4 FY25: quarter's net income to common over its shares, to the cent.
Diluted shares: 13 periods, Q4 FY08 to Q4 FY25: share-days: the 12-month average less the 9-month, weighted by days. 5 periods, Q4 FY11 to Q4 FY22: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days.
From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.
Estimates
Next earnings report: .
| Quarter | Revenue | Range | EPS | Range | Analysts |
|---|---|---|---|---|---|
| Q3 FY26 | $1.3B | $1.2B to $1.6B | $4.67 | $3.91 to $5.34 | 16 |
| Q4 FY26 | $1.6B | $1.4B to $1.8B | $5.62 | $5.09 to $6.27 | 15 |
| Q1 FY27 | $1.3B | $1.1B to $1.5B | $5.28 | $4.38 to $6.14 | 6 |
| Q2 FY27 | $1.4B | $1.2B to $1.6B | $5.68 | $4.72 to $6.61 | 6 |
| Q3 FY27 | $1.6B | $1.4B to $1.8B | $6.26 | $5.20 to $7.29 | 6 |
| Q4 FY27 | $1.6B | $1.4B to $1.9B | $6.77 | $5.62 to $7.88 | 6 |
| Q1 FY28 | $1.6B | $1.4B to $1.8B | $6.97 | $5.79 to $8.12 | 14 |
| Q2 FY28 | $1.6B | $1.4B to $1.8B | $7.23 | $6.00 to $8.41 | 14 |
Peers
Companies in Energy nearest First Solar's size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| FSLRFirst Solar | $18.5B | 10.6× | 20.9× | 8.1× | 3.4× | +24% | 32.5% |
| WESWestern Midstream Partners | $18.6B | 14.2× | 10.5× | n/m | 4.3× | +18% | 29.6% |
| APAAPA | $18.2B | 11.0× | 7.7× | n/m | 2.1× | −12% | 21.1% |
| OVVOvintiv | $19.9B | 20.5× | 6.6× | n/m | 2.0× | +6% | 9.4% |
| VNOMViper Energy | $16.9B | 361× | 16.6× | n/m | 8.3× | +108% | 2.9% |
| PRPermian Resources | $21.3B | 16.9× | 13.3× | n/m | 3.7× | +13% | 21.5% |
| EXEExpand Energy | $21.6B | 8.1× | 11.1× | 12.3× | 1.6× | +59% | 20.5% |
| DINOHF Sinclair | $21.6B | 11.6× | 9.8× | 5.6× | 0.7× | +16% | 6.1% |
| TPLTexas Pacific Land | $23.3B | 43.1× | 41.8× | 33.9× | 26.0× | +21% | 60.3% |
| DTMDT Midstream | $12.6B | 27.1× | 17.6× | n/m | 9.6× | +18% | 35.7% |
| FTITechnipFMC | $27.4B | 24.3× | 27.0× | 20.5× | 2.6× | +10% | 11.3% |
| Peer median | $20.6B | 18.7× | 12.2× | 16.4× | 3.2× | +17% | 20.8% |
More on First Solar
Each number over time
- PE ratio
- Forward PE
- Price to sales ratio
- EV/EBIT
- Price to free cash flow
- Price to book ratio
- Market cap
- Revenue
- EPS
- Free cash flow
- Profit margin
- Shares outstanding
Where it ranks
- #1of 21Energy stocks cheapest against their own PE history
- #9of 136Energy stocks with the highest profit margins
- #5of 29Energy stocks with the lowest forward PE
- #8of 22Energy stocks with the lowest PEG ratio
Its groups
About
- Industry
- Solar
- Sector
- Energy
Valuation data, not investment advice. Prices as of .