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First Solar (FSLR)
NASDAQ:FSLR
US Market
FSLR
First Solar
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First Solar (FSLR) Ratios

7,399 Followers

First Solar Ratios

FSLR's free cash flow for Q1 2026 was $0.46. For the 2026 fiscal year, FSLR's free cash flow was decreased by $ and operating cash flow was $0.34. See a summary of the company’s cash flow.
Ratios
TTM
Dec 25Dec 24Dec 23Dec 22
Liquidity Ratios
Current Ratio
 2.56 2.67 2.45 3.55 3.65
Quick Ratio
 2.15 2.35 1.80 2.77 2.90
Cash Ratio
 1.07 1.24 0.78 1.49 1.43
Solvency Ratio
 0.64 0.54 0.41 0.31 0.09
Operating Cash Flow Ratio
 1.11 0.91 0.59 0.46 0.84
Short-Term Operating Cash Flow Coverage
 12.99 9.52 5.15 6.26 0.00
Net Current Asset Value
$ 2.17B$ 2.25B$ 942.25M$ 957.15M$ 1.38B
Leverage Ratios
Debt-to-Assets Ratio
 0.03 0.04 0.06 0.06 0.03
Debt-to-Equity Ratio
 0.04 0.05 0.09 0.09 0.04
Debt-to-Capital Ratio
 0.04 0.05 0.08 0.09 0.04
Long-Term Debt-to-Capital Ratio
 0.02 0.03 0.04 0.06 0.03
Financial Leverage Ratio
 1.35 1.40 1.52 1.55 1.41
Debt Service Coverage Ratio
 9.94 8.30 6.37 10.55 19.45
Interest Coverage Ratio
 42.57 38.15 35.87 66.12 -2.23
Debt to Market Cap
 0.02 0.02 0.03 0.03 0.01
Interest Debt Per Share
 4.36 5.06 7.08 5.97 2.31
Net Debt to EBITDA
 -0.82 -1.04 -0.48 -1.09 -4.29
Profitability Margins
Gross Profit Margin
41.73%40.63%44.17%39.19%2.67%
EBIT Margin
33.17%32.26%34.36%27.25%0.79%
EBITDA Margin
43.33%42.39%44.43%36.53%11.09%
Operating Profit Margin
33.17%32.26%33.15%25.83%-1.04%
Pretax Profit Margin
31.71%30.29%33.43%26.86%0.33%
Net Profit Margin
30.73%29.28%30.72%25.03%-1.69%
Continuous Operations Profit Margin
30.73%29.28%30.72%25.03%-1.69%
Net Income Per EBT
96.92%96.67%91.87%93.21%-513.68%
EBT Per EBIT
95.59%93.90%100.85%103.97%-31.57%
Return on Assets (ROA)
12.47%11.47%10.66%8.02%-0.54%
Return on Equity (ROE)
18.01%16.02%16.20%12.42%-0.76%
Return on Capital Employed (ROCE)
16.13%15.21%13.88%9.46%-0.38%
Return on Invested Capital (ROIC)
15.37%14.42%12.44%8.72%1.94%
Return on Tangible Assets
12.56%11.54%10.73%8.09%-0.54%
Earnings Yield
6.23%5.46%6.85%4.52%-0.28%
Efficiency Ratios
Receivables Turnover
 3.94 4.03 2.33 2.36 7.95
Payables Turnover
 10.29 7.64 4.87 9.74 7.47
Inventory Turnover
 3.53 4.21 1.74 1.99 3.25
Fixed Asset Turnover
 0.96 0.92 0.76 0.74 0.72
Asset Turnover
 0.41 0.39 0.35 0.32 0.32
Working Capital Turnover Ratio
 1.50 1.54 1.33 1.09 1.00
Cash Conversion Cycle
 160.40 129.48 291.59 300.41 109.19
Days of Sales Outstanding
 92.54 90.49 156.95 154.82 45.93
Days of Inventory Outstanding
 103.32 86.78 209.59 183.07 112.14
Days of Payables Outstanding
 35.47 47.80 74.94 37.47 48.88
Operating Cycle
 195.87 177.28 366.54 337.89 158.07
Cash Flow Ratios
Operating Cash Flow Per Share
 22.82 19.18 11.38 5.64 8.20
Free Cash Flow Per Share
 15.54 11.07 -2.88 -7.35 -0.28
CapEx Per Share
 7.29 8.11 14.26 12.99 8.48
Free Cash Flow to Operating Cash Flow
 0.68 0.58 -0.25 -1.30 -0.03
Dividend Paid and CapEx Coverage Ratio
 3.13 2.36 0.80 0.43 0.97
Capital Expenditure Coverage Ratio
 3.13 2.36 0.80 0.43 0.97
Operating Cash Flow Coverage Ratio
 5.75 4.13 1.69 0.96 3.73
Operating Cash Flow to Sales Ratio
 0.45 0.39 0.29 0.18 0.33
Free Cash Flow Yield
6.24%4.24%-1.63%-4.26%-0.19%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
 16.04 18.33 14.60 22.15 -361.37
Price-to-Sales (P/S) Ratio
 4.93 5.37 4.48 5.54 6.09
Price-to-Book (P/B) Ratio
 2.70 2.94 2.36 2.75 2.73
Price-to-Free Cash Flow (P/FCF) Ratio
 16.04 23.60 -61.22 -23.45 -527.86
Price-to-Operating Cash Flow Ratio
 10.90 13.62 15.48 30.55 18.27
Price-to-Earnings Growth (PEG) Ratio
 0.51 1.01 0.26 -0.01 3.31
Price-to-Fair Value
 2.70 2.94 2.36 2.75 2.73
Enterprise Value Multiple
 10.56 11.62 9.61 14.09 50.64
Enterprise Value
 24.81B 25.71B 17.96B 17.08B 14.71B
EV to EBITDA
 10.56 11.62 9.61 14.09 50.64
EV to Sales
 4.58 4.93 4.27 5.15 5.62
EV to Free Cash Flow
 14.87 21.65 -58.29 -21.77 -486.61
EV to Operating Cash Flow
 10.12 12.50 14.74 28.35 16.85
Tangible Book Value Per Share
 91.13 88.18 73.77 61.74 54.34
Shareholders’ Equity Per Share
 92.02 88.94 74.55 62.62 54.77
Tax and Other Ratios
Effective Tax Rate
 0.03 0.03 0.08 0.07 6.14
Revenue Per Share
 50.48 48.67 39.31 31.07 24.58
Net Income Per Share
 15.51 14.25 12.07 7.78 -0.41
Tax Burden
 0.97 0.97 0.92 0.93 -5.14
Interest Burden
 0.96 0.94 0.97 0.99 0.41
Research & Development to Revenue
 0.05 0.04 0.05 0.05 0.04
SG&A to Revenue
 0.04 0.04 0.04 0.00 0.00
Stock-Based Compensation to Revenue
 <0.01 <0.01 <0.01 0.01 0.01
Income Quality
 1.47 1.35 0.94 0.72 -19.77
Currency in USD