First Solar, Inc. (FSLR) — Financial ratios
Profitability, liquidity, leverage, and valuation ratios for First Solar, Inc., with annual and quarterly history.
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Valuation | ||||||
| P/E Ratio | 18.33x | 14.60x | 22.15x | -361.37x | 19.76x | 26.29x |
| P/B Ratio | 2.94x | 2.36x | 2.75x | 2.73x | 1.55x | 1.90x |
| P/S Ratio | 5.37x | 4.48x | 5.54x | 6.09x | 3.17x | 3.86x |
| Profitability | ||||||
| Gross Margin | 40.6% | 44.2% | 39.2% | 2.7% | 25.0% | 25.1% |
| Operating Margin | 32.3% | 33.2% | 25.8% | -1.0% | 20.1% | 11.7% |
| Net Margin | 29.3% | 30.7% | 25.0% | -1.7% | 16.0% | 14.7% |
| EBITDA Margin | 42.4% | 44.4% | 36.5% | 11.1% | 28.9% | 20.3% |
| Liquidity | ||||||
| Current Ratio | 2.67x | 2.45x | 3.55x | 3.65x | 4.39x | 3.56x |
| Quick Ratio | 2.35x | 1.80x | 2.77x | 2.90x | 3.26x | 2.73x |
| Leverage | ||||||
| Debt/Equity | 0.05x | 0.09x | 0.09x | 0.04x | 0.07x | 0.09x |
YoY = year-over-year change. Source: FMP..