NASDAQ · Semiconductors · Fiscal year endsFY ends December
First Solar, Inc.
FSLR$194.96+9.06 (+4.87%)Today
52-week low $165.86high $320.95
39.3% below its 52-week high
Next earnings
Revenue by fiscal year, $ billions
+80% over the years shown (2016–2025)
Ten years, as filed
Income, cash flow and balance sheet
| $ billions | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income | ||||||||||
| Revenue | 2.90 | 2.94 | 2.24 | 3.06 | 2.71 | 2.92 | 2.62 | 3.32 | 4.21 | 5.22 |
| Revenue growth | -29% | +1% | -24% | +36% | -11% | +8% | -10% | +27% | +27% | +24% |
| Gross margin | 22.0% | 18.7% | 17.5% | 17.9% | 25.1% | 25.0% | 2.7% | 39.2% | 44.2% | 40.6% |
| Operating income | -0.57† | 0.18 | 0.04 | -0.16 | 0.32 | 0.59 | -0.03 | 0.86 | 1.39 | 1.60 |
| Operating margin | -19.6% | 6.0% | 1.8% | -5.3% | 11.7% | 20.1% | -1.0% | 25.8% | 33.2% | 30.6% |
| Net income | -0.42† | -0.17 | 0.14 | -0.11 | 0.40 | 0.47 | -0.04 | 0.83 | 1.29 | 1.53 |
| Net margin | -14.3% | -5.6% | 6.4% | -3.8% | 14.7% | 16.0% | -1.7% | 25.0% | 30.7% | 29.3% |
| Cash flow | ||||||||||
| Operating cash flow | 0.21 | 1.34 | -0.33 | 0.17 | 0.04 | 0.24 | 0.87 | 0.60 | 1.22 | 2.06 |
| Capital expenditure | 0.23 | 0.51 | 0.74 | 0.67 | 0.42 | 0.54 | 0.90 | 1.39 | 1.53 | 0.87 |
| Free cash flow (calculated) | -0.02 | 0.83 | -1.07 | -0.49 | -0.38 | -0.30 | -0.03 | -0.78 | -0.31 | 1.19 |
| Balance sheet | ||||||||||
| Cash and equivalents | 1.35 | 2.27 | 1.40 | 1.35 | 1.23 | 1.45 | 1.48 | 1.95 | 1.62 | 2.80 |
| Total assets | 6.82† | 6.86 | 7.12 | 7.52 | 7.11 | 7.41 | 8.25 | 10.37 | 12.12 | 13.32 |
| Total equity | 5.22† | 5.10 | 5.21 | 5.10 | 5.52 | 5.96 | 5.84 | 6.69 | 7.98 | 9.54 |
Source: First Solar, Inc.'s 10-K and 10-Q filings, from SEC EDGAR · fiscal years end in December.
Free cash flow is calculated by The Dispatch: operating cash flow minus capital expenditure.
† Restated: a later filing changed this figure. The newer number is shown.