First Solar (FSLR) EBITDA (2014 - 2026)
First Solar (FSLR) recorded EBITDA of $598.23 million in Q2 2026, up 23.3% from $485.02 million a year earlier and up 21.4% from the prior quarter.
Powered by 
Analysis
First Solar (FSLR) EBITDA (2014 - 2026) Analysis & Trends
On a TTM basis, First Solar's EBITDA came in at $2.39 billion as of Jun 30, 2026, up 29.3% year-over-year; for FY2025, it was $2.13 billion, up 17.0% from FY2024.
- Annual EBITDA has increased for three straight years, with a five-year compound annual growth rate of 31.0% (FY2020 to FY2025).
- Across earlier years, EBITDA came in at $1.82 billion in FY2024 (+56.0%), $1.17 billion in FY2023 (+380.5%), $242.49 million in FY2022 (-71.4%) and $846.65 million in FY2021 (+53.8%).
- Quarterly EBITDA has ranged from -$930,000 in Q3 2022 to $688.55 million in Q4 2025 over the past five years.
- On a year-over-year basis, EBITDA has increased for ten consecutive quarters, with growth averaging 21.7% over the last eight quarters.
- Peak year-over-year performance for EBITDA in the last five years was growth of 284.2% in Q1 2024, against a decline of 97.7% in Q1 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $492.7 million (Q1 2026), $688.55 million (Q4 2025) and $606.42 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 238.25 Bn | 198.17 Bn | 2.36 Bn | 1.07 Bn |
| 2 | Bloom Energy | 64.00 Bn | 55.79 Bn | 355.57 Mn | 199.36 Mn |
| 3 | First Solar | 18.75 Bn | 9.70 Bn | 605.00 Mn | 598.23 Mn |
| 4 | BWX Technologies | 12.32 Bn | 10.62 Bn | 202.31 Mn | 145.50 Mn |
| 5 | Nextpower | 11.91 Bn | 7.80 Bn | 335.85 Mn | 199.67 Mn |
| 6 | Generac Holdings | 11.42 Bn | 10.25 Bn | 521.81 Mn | 300.20 Mn |
| 7 | EnerSys | 6.22 Bn | 4.41 Bn | 313.36 Mn | 182.39 Mn |
| 8 | Enphase Energy | 4.25 Bn | -607.94 Mn | 175.01 Mn | 72.04 Mn |
| 9 | Mirion Technologies | 3.72 Bn | 1.56 Bn | 133.10 Mn | 58.00 Mn |
| 10 | QuantumScape | 2.46 Bn | -1.28 Bn | - | -92.73 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 598.23 Mn |
| Mar 31, 2026 | 492.70 Mn |
| Dec 31, 2025 | 688.55 Mn |
| Sep 30, 2025 | 606.42 Mn |
| Jun 30, 2025 | 485.02 Mn |
| Mar 31, 2025 | 346.09 Mn |
| Dec 31, 2024 | 581.19 Mn |
| Sep 30, 2024 | 433.16 Mn |
| Jun 30, 2024 | 469.85 Mn |
| Mar 31, 2024 | 333.73 Mn |
| Dec 31, 2023 | 487.48 Mn |
| Sep 30, 2023 | 350.71 Mn |
| Jun 30, 2023 | 240.22 Mn |
| Mar 31, 2023 | 86.86 Mn |
| Dec 31, 2022 | 24.64 Mn |
| Sep 30, 2022 | -930,000.00 |
| Jun 30, 2022 | 211.38 Mn |
| Mar 31, 2022 | 7.40 Mn |
| Dec 31, 2021 | 238.45 Mn |
| Sep 30, 2021 | 116.56 Mn |
API Access
First Solar EBITDA 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=ebitda&ticker=FSLR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda", "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=ebitda&ticker=FSLR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();