First Solar (FSLR) EBIT Margin (2009 - 2026)
First Solar's EBIT Margin came in at 42.64% for Q2 2026, up 9.68 percentage points from 32.96% a year earlier and up 9.57 percentage points from the prior quarter.
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Analysis
First Solar (FSLR) EBIT Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, First Solar reported EBIT Margin of 33.65%, up 2.30 percentage points year-over-year; for FY2025, it came in at 30.59%, down 2.56 percentage points from FY2024.
- EBIT Margin carries a five-year change of +18.89 percentage points (FY2020 to FY2025).
- Going back by year, EBIT Margin was 33.15% in FY2024 (+7.32 pp), 25.83% in FY2023 (+26.87 pp), -1.04% in FY2022 (-21.11 pp) and 20.07% in FY2021 (+8.36 pp).
- The Q2 2026 figure represents the highest quarterly EBIT Margin in data going back to Q1 2009.
- Year-over-year, EBIT Margin has increased for three consecutive quarters, with an average year-over-year change of +0.20 percentage points over the last eight quarters.
- The fastest year-over-year change in EBIT Margin over five years came in Q3 2023 (a gain of 44.94 percentage points), and the weakest in Q1 2022 (a drop of 47.16 percentage points).
- Business Quant data shows FSLR's EBIT Margin at 33.07% (Q1 2026), 32.56% (Q4 2025) and 29.22% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 252.99 Bn | 214.06 Bn | 2.36 Bn | 5.88% |
| 2 | Bloom Energy | 81.25 Bn | 73.07 Bn | 355.57 Mn | 17.11% |
| 3 | First Solar | 18.82 Bn | 9.78 Bn | 605.00 Mn | 42.64% |
| 4 | BWX Technologies | 12.55 Bn | 10.85 Bn | 202.31 Mn | 12.66% |
| 5 | Generac Holdings | 12.21 Bn | 11.04 Bn | 521.81 Mn | 17.93% |
| 6 | Nextpower | 11.82 Bn | 7.71 Bn | 335.85 Mn | 20.41% |
| 7 | EnerSys | 6.67 Bn | 4.86 Bn | 313.36 Mn | 16.18% |
| 8 | Enphase Energy | 4.36 Bn | -500.13 Mn | 175.01 Mn | 17.65% |
| 9 | Mirion Technologies | 3.45 Bn | 1.34 Bn | 133.10 Mn | 6.71% |
| 10 | Nuscale Power | 3.24 Bn | 3.19 Bn | -152,000.00 | -85,337.33% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 42.64% |
| Mar 31, 2026 | 33.07% |
| Dec 31, 2025 | 32.56% |
| Sep 30, 2025 | 29.22% |
| Jun 30, 2025 | 32.96% |
| Mar 31, 2025 | 26.20% |
| Dec 31, 2024 | 30.17% |
| Sep 30, 2024 | 36.27% |
| Jun 30, 2024 | 36.86% |
| Mar 31, 2024 | 30.62% |
| Dec 31, 2023 | 34.33% |
| Sep 30, 2023 | 34.07% |
| Jun 30, 2023 | 20.79% |
| Mar 31, 2023 | 3.28% |
| Dec 31, 2022 | -4.58% |
| Sep 30, 2022 | -10.87% |
| Jun 30, 2022 | 23.32% |
| Mar 31, 2022 | -15.75% |
| Dec 31, 2021 | 19.08% |
| Sep 30, 2021 | 8.72% |
API Access
First Solar EBIT Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebit-margin&ticker=FSLR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebit-margin", "ticker": "FSLR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebit-margin&ticker=FSLR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();