First Solar Inc. | Large-cap | Technology
$152.70
1.01%
| First Solar Stock Comparison:
First Solar vs NextrackerFirst Solar vs Enphase EnergyFirst Solar vs SunrunFirst Solar vs Array TechnologiesFirst Solar vs SolarEdgeFirst Solar vs S&P 500 | Market
Overview Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

Financial Overview

Latest Annual: 2024

Income Metrics

Revenue 4.2B
Gross Profit 1.9B 44.17%
Operating Income 1.4B 33.13%
Net Income 1.3B 30.72%
EPS (Diluted) $12.02

Balance Sheet Metrics

Total Assets 12.1B
Total Liabilities 4.1B
Shareholders Equity 8.0B
Debt to Equity 0.52

Cash Flow Metrics

Operating Cash Flow 949.0M
Free Cash Flow -308.1M

Revenue & Profitability Trend

First Solar Income Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Revenue 4.2B 3.3B 2.6B 2.9B 2.7B
Cost of Goods Sold 2.3B 2.0B 2.5B 2.2B 2.0B
Gross Profit 1.9B 1.3B 69.9M 730.0M 680.7M
Operating Expenses 464.1M 414.7M 350.6M 290.5M 357.2M
Operating Income 1.4B 886.0M -280.7M 439.5M 323.5M
Pre-tax Income 1.4B 891.3M 8.6M 572.2M 293.2M
Income Tax 114.3M 60.5M 52.8M 103.5M -107.3M
Net Income 1.3B 830.8M -44.2M 468.7M 398.4M
EPS (Diluted) $12.02 $7.74 -$0.41 $4.38 $3.73

Income Statement Trend

First Solar Balance Sheet From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Assets
Current Assets 5.1B 4.6B 3.8B 3.2B 3.0B
Non-Current Assets 7.0B 5.7B 4.5B 4.2B 4.1B
Total Assets 12.1B 10.4B 8.3B 7.4B 7.1B
Liabilities
Current Liabilities 2.1B 1.3B 1.0B 726.9M 847.4M
Non-Current Liabilities 2.1B 2.4B 1.4B 727.3M 740.6M
Total Liabilities 4.1B 3.7B 2.4B 1.5B 1.6B
Equity
Total Shareholders Equity 8.0B 6.7B 5.8B 6.0B 5.5B

Balance Sheet Composition

First Solar Cash Flow Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Operating Activities
Net Income 1.3B 830.8M -44.2M 468.7M 398.4M
Operating Cash Flow 949.0M 528.2M 1.1B 359.6M 83.0M
Investing Activities
Capital Expenditures -1.5B -1.4B -903.6M -540.3M -416.6M
Investing Cash Flow -1.6B -472.8M -1.2B -99.0M -131.2M
Financing Activities
Dividends Paid - - - - -
Financing Cash Flow 24.8M 336.9M 309.4M 40.6M -82.6M
Free Cash Flow -308.1M -784.5M -30.2M -302.7M -379.5M

Cash Flow Trend

First Solar Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 12.32
Forward P/E 6.95
Price to Book 1.90
Price to Sales 3.65
PEG Ratio 6.95

Profitability Ratios

Profit Margin 29.72%
Operating Margin 26.20%
Return on Equity 16.77%
Return on Assets 7.50%

Financial Health

Current Ratio 1.93
Debt to Equity 7.70
Beta 1.53

Per Share Data

EPS (TTM) $11.77
Book Value per Share $76.34
Revenue per Share $39.76

Peer Financial Comparison

Company Market Cap P/E Ratio P/B Ratio ROE Profit Margin Debt/Equity
fslr 15.6B 12.32 1.90 16.77% 29.72% 7.70
Nextracker 8.4B 16.15 5.01 39.48% 17.21% 2.09
Enphase Energy 4.5B 31.71 5.59 17.13% 10.43% 152.29
Sunrun 1.6B 21.07 0.62 -80.13% -129.97% 334.12
Array Technologies 1.1B 61.85 3.48 -49.11% -21.21% 215.17
SolarEdge 948.2M 100.75 1.58 -123.30% -190.67% 127.58

Financial data is updated regularly. All figures are in the company's reporting currency.