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First Solar FSLR
$ 255.0 -6.54%

Quarterly report 2025-Q2
added 07-31-2025

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First Solar Financial Ratios 2011-2025 | FSLR

Annual Financial Ratios First Solar

2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011

P/E

12.3 18.7 -405.8 17.8 26.4 -46.5 36.8 -42.3 -8.9 12.7 10.7 13.7 -25.2 -95.5

P/S

3.8 4.7 6.8 2.8 3.9 1.7 2.4 2.4 1.1 1.9 1.2 1.5 0.7 1.4

EPS

12.1 7.8 -0.4 4.4 3.8 -1.1 1.4 -1.6 -4.0 5.9 4.0 3.7 -1.1 -0.5

EV (Enterprise Value)

18.4 B 17.2 B 18.8 B 8.33 B 10.8 B 6.41 B 5.82 B 6.5 B 3.5 B 7.57 B 4.45 B 5.88 B 4.27 B 5.3 B

EBITDA per Share

17 10.9 2.28 7.97 5.2 3.86 1.63 3.17 5.32 7.68 6.7 7.36 7.99 7.21

EV/EBITDA

9.8 17.3 11.0 25.6 15.6 3.7 7.9 4.4 5.4 3.0 6.2

PEG

0.14 0.18 -19.36 0.65 2.55 0.26 0.2 -0.78 0.05 0.35 2.01 0.03 0.18 0.9

P/B

2.0 2.3 3.1 1.4 1.9 1.0 1.0 1.4 0.6 1.2 0.8 1.1 0.7 1.0

P/CF

13.0 25.8 20.5 35.1 282.8 -10.8 -5.0 8.5 -140.6 -13.1 10.0 8.4 6.3 -4.9

ROE %

16.20 12.42 -0.76 7.86 7.22 -2.26 2.77 -3.25 -6.87 9.85 7.89 7.84 -2.67 -1.08

ROA %

10.66 8.02 -0.54 6.32 5.60 -1.53 2.03 -2.41 -5.21 7.47 5.90 5.13 -1.52 -0.68

ROCE %

17.48 12.82 -0.47 9.85 5.75 3.25 0.64 3.46 5.30 8.13 7.41 8.60 8.22 8.02

Current Ratio

2.9 2.8 3.4 5.1 4.5 2.7 4.6 5.9 4.2 3.5 3.2 2.4 2.6 2.7

DSO

83.4 54.2 52.5 43.4 49.9 84.9 99.7 52.0 63.0 57.2 24.2 72.5 105.4 111.4

DIO

148.0 130.3 92.2 102.7 90.9 72.2 87.7 30.7 69.2 71.0 89.7 78.0 77.4 96.8

DPO

53.6 49.6 38.3 31.3 36.1 31.7 46.0 18.3 24.2 46.3 30.5 39.0 50.8 35.9

Operating Cycle

231.4 184.5 144.7 146.1 140.8 157.1 187.3 82.7 132.2 128.2 113.9 150.5 182.8 208.2

Cash Conversion Cycle

177.8 134.9 106.4 114.7 104.7 125.4 141.4 64.4 108.0 81.9 83.3 111.5 132.0 172.3

All numbers in USD currency

Quarterly Financial Ratios First Solar

2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

EPS

3.19 1.96 - 2.92 3.26 2.21 - 2.51 1.6 0.4 - -0.46 0.52 -0.41 - 0.43 0.78 1.98 - 1.46 0.35 0.86 - 0.29 -0.18 -0.64 - 0.55 -0.46 0.79 - 1.97 0.5 0.09 - 1.46 -0.11 1.92 - 3.46 0.93 -0.61 - 0.9 0.05 1.12 - 1.98 0.38 0.68 - 1.01 1.28 -5.2 - 2.28 0.71 1.36

EBITDA per Share

- 3.24 - - - 3.12 - - - 0.81 - -0.64 1.36 0.07 - 0.5 1.06 2.97 - 3.59 1.56 0.55 - 1.81 0.86 -0.26 - 1.41 -0.47 0.94 - 2.84 0.72 0.24 - 1.27 0.55 2.34 - 4.59 1.21 -0.07 - 1.44 0.65 2.01 - 3.86 1.71 1.35 - 3.55 3.2 -4.43 - 4.51 1.96 2.08

ROE %

14.80 15.62 12.36 16.62 16.76 14.77 7.81 6.96 1.86 -0.02 -0.63 0.14 1.76 2.24 5.88 8.69 10.72 9.97 5.12 5.72 3.51 2.48 -1.09 0.02 0.53 -0.04 1.77 5.80 8.73 10.68 5.23 8.12 6.96 5.73 6.41 12.71 16.12 18.03 6.89 8.69 4.19 2.59 4.12 8.53 11.14 11.80 6.47 8.91 6.94 9.27 -6.95 -1.56 1.40 -0.00 10.25 5.39 1.68 3.18

ROA %

9.86 10.37 8.11 10.91 10.97 9.70 5.19 5.19 2.39 -0.09 -1.17 -0.55 0.66 1.80 4.71 6.89 8.45 7.83 3.98 4.38 2.61 1.84 -0.74 0.07 0.48 0.04 1.29 4.29 6.48 7.92 3.89 6.09 5.30 4.38 4.90 9.68 12.25 13.70 5.23 6.56 3.12 1.91 3.07 5.90 7.40 7.82 4.18 5.57 4.12 5.38 -3.95 -0.54 1.47 0.78 6.47 3.40 1.06 2.01

ROCE %

15.41 16.32 12.90 17.23 17.32 14.97 7.43 6.26 0.75 0.42 0.30 1.17 3.22 2.67 7.21 10.96 13.84 12.86 4.70 5.51 2.57 1.48 -0.86 0.26 0.57 -1.25 0.56 4.62 7.56 9.82 4.18 5.58 2.93 2.65 4.85 12.02 17.78 18.82 6.94 8.62 3.13 2.14 4.49 9.19 12.22 13.05 6.93 9.90 8.17 11.17 -5.81 0.30 3.44 1.34 11.43 6.11 1.77 3.55

Current Ratio

3.0 3.1 2.9 3.0 2.9 2.8 2.8 2.9 3.0 3.2 3.4 - - 4.8 5.1 5.0 5.0 5.0 4.5 4.5 4.5 4.5 3.1 3.1 3.1 3.1 3.7 3.7 3.7 3.7 3.9 3.9 3.9 3.9 4.2 4.2 4.2 4.2 4.1 4.1 4.1 4.1 3.9 3.9 4.0 4.0 2.9 2.9 2.9 2.9 2.3 2.3 2.3 2.3 2.7 2.7 2.7 2.7

DSO

138.8 154.9 - 72.5 59.5 76.4 - 78.9 52.3 51.8 - - 21.6 89.8 - 65.0 99.6 60.0 - 26.2 37.8 63.5 - 79.3 74.1 51.7 - 17.3 37.8 27.4 - 17.8 31.0 24.5 - 35.7 23.9 40.0 - 35.9 51.0 61.9 - 13.9 22.7 13.1 - 9.8 23.9 41.7 - 60.2 52.8 79.3 - 28.2 53.2 -

DIO

206.2 216.2 - 235.0 178.2 182.3 - 176.0 137.5 145.1 - - 59.5 193.4 - 124.3 115.6 82.5 - 81.6 102.6 104.4 - 99.1 79.7 71.3 - 64.7 111.5 64.8 - 19.8 30.7 - - - - - - - - - - - - - - - - - - - - - - - - -

DPO

60.8 83.0 - 51.2 41.9 45.5 - 38.3 48.5 65.6 - - 10.4 43.6 - 31.6 33.5 27.2 - 26.4 33.1 41.5 - 48.7 39.2 38.7 - 38.9 67.1 40.9 - 13.8 21.4 - - - - - - - - - - - - - - - - - - - - - - - - -

Operating Cycle

345.0 371.1 - 307.5 237.7 258.8 - 254.8 189.8 197.0 - - 81.1 283.2 - 189.3 215.2 142.4 - 107.8 140.4 168.0 - 178.3 153.8 123.1 - 82.0 149.4 92.2 - 37.6 61.7 24.5 - 35.7 23.9 40.0 - 35.9 51.0 61.9 - 13.9 22.7 13.1 - 9.8 23.9 41.7 - 60.2 52.8 79.3 - 28.2 53.2 -

Cash Conversion Cycle

284.2 288.1 - 256.3 195.8 213.3 - 216.6 141.4 131.4 - - 70.7 239.6 - 157.7 181.7 115.2 - 81.4 107.2 126.5 - 129.6 114.6 84.3 - 43.1 82.3 51.3 - 23.8 40.3 24.5 - 35.7 23.9 40.0 - 35.9 51.0 61.9 - 13.9 22.7 13.1 - 9.8 23.9 41.7 - 60.2 52.8 79.3 - 28.2 53.2 -

All numbers in USD currency

Multiples are an important financial analysis tool for the company First Solar, allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.

Advantages of Using Financial Ratios
  • Simplified Data Analysis
    Financial ratios transform large volumes of accounting data into compact and easily interpretable indicators, significantly simplifying the assessment of the company’s condition.
  • Comparability Between Companies
    Multiples standardize financial metrics, enabling objective comparison of companies of different sizes, industries, and market capitalizations.
  • Identification of Trends and Issues
    Regular analysis of ratios helps track the dynamics of financial health, identify strengths and weaknesses of the business, as well as potential risks.
  • Decision Support
    Financial multiples serve as an important tool for investors, creditors, and company management in making investment, credit, and managerial decisions.
  • Accelerated Assessment of Investment Attractiveness
    Ratios allow quick determination of key performance, liquidity, and financial stability indicators, facilitating prompt evaluation of companies’ attractiveness for investments.

Using multiples enables comparison between companies, even if they differ in size or industry, as they standardize financial data into ratios convenient for analysis. This is especially useful for evaluating companies where direct analysis of financial statements may be complex or require in-depth knowledge.

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MAXN
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ARRY
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Sunnova Energy International Sunnova Energy International
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Sunrun Sunrun
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SolarEdge Technologies SolarEdge Technologies
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SHLS
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SunPower Corporation SunPower Corporation
SPWR
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