Fundamental analysis · SEC EDGAR · TTM through 31/03/2026
FSLR · Nasdaq · Technology
Fundamental quality
87
out of 100
Source: SEC EDGAR · TTM through 31/03/2026
The score combines growth, profitability and financial strength. Here its financial strength weighs in its favor, while its profitability drags it down the most.
| Year | Revenue | Net income | Free cash flow | Net debt |
|---|---|---|---|---|
| 2021 | $2,923M | $469M | -$303M | -$1,211M |
| 2022 | $2,619M | -$44M | -$30M | -$1,297M |
| 2023 | $3,319M | $831M | -$785M | -$1,387M |
| 2024 | $4,206M | $1,292M | -$308M | -$1,012M |
| 2025 | $5,219M | $1,528M | $1,187M | -$2,305M |
Between 2021 and 2025, revenue went from $2,923M to $5,219M (+79%) and net income went from $469M to $1,528M (+226%).
Annual figures in U.S. dollars per SEC filings. Net debt is total debt minus cash.
Is First Solar, Inc. a profitable company?
Yes. First Solar, Inc. shows a net margin of 30.7% and an ROE of 16.9%, a sign of a profitable business.
Does First Solar, Inc. have a lot of debt?
No. First Solar, Inc. has a net cash position: more cash than debt.
Is First Solar, Inc. growing?
Its revenue has grown 25.1% annualized in recent years and its earnings per share 18.2%.
Does First Solar, Inc. generate cash?
Yes. It converts about 30.8% of its revenue into free cash flow.
The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.
Is First Solar, Inc. cheap or expensive?
That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).
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