FSLRNasdaqSEC EDGAREDGAR

FIRST SOLAR, INC.

Semiconductors & Related Devices·PHOENIX, AZ·FY end 12/31·CIK 1274494

Financials

5-year history · USD
MetricFY 2025FY 2024FY 2023FY 2022FY 2021Trend
Revenue$5.2B$4.2B$3.3B$2.6B$2.9B
Gross Profit$2.1B$1.9B$1.3B$69.9M$730.0M
Operating Income$1.6B$1.4B$857.3M-$27.2M$586.8M
Net Income$1.5B$1.3B$830.8M-$44.2M$468.7M
Operating CF$2.1B$1.2B$602.3M$873.4M$237.6M
Capex$869.9M$1.5B$1.4B$903.6M$540.3M
Free Cash Flow$1.2B-$308.1M-$784.5M-$30.2M-$302.7M
Buybacks
Dividends
Gross Margin40.6%44.2%39.2%2.7%25.0%
Operating Margin30.6%33.2%25.8%-1.0%20.1%
Net Margin29.3%30.7%25.0%-1.7%16.0%
FCF Margin22.7%-7.3%-23.6%-1.2%-10.4%
R&D / Revenue4.5%4.5%4.6%4.3%3.4%
Effective Tax3.3%8.1%6.8%613.7%
Debt / Equity0.030.050.070.060.08
Buybacks / FCF

Peer comparison

Semiconductors & Related Devices · 5 peers
CEO Pay Ratio
FSLR
194:1
AVGO
543:1
NVDA
166:1
MRVL
188:1
ADI
534:1
SWKS
CEO total comp
FSLR
$8M
AVGO
$205M
NVDA
$50M
MRVL
$32M
ADI
$27M
SWKS
$25M
Net Margin
FSLR
29.3%
AVGO
NVDA
55.6%
MRVL
32.6%
ADI
20.6%
SWKS
11.7%