Growth Metrics

First Solar (FSLR) EBITDA (2009 - 2026)

First Solar posted quarterly EBITDA of $345.3 million for Q1 2026, up 56.07% year-on-year from $221.2 million in Q1 2025, and down 36.98% on a QoQ basis from $547.9 million in Q4 2025.

First Solar (FSLR) has 18 years of EBITDA data on file, last reported at $345.3 million in Q1 2026.

  • For the quarter ending Q1 2026, EBITDA rose 56.07% year-over-year to $345.3 million; the trailing twelve-month figure through Mar 2026 stood at $1.7 billion (up 25.38% YoY), and the FY2025 full-year result was $1.6 billion, up 14.52% from the prior year.
  • EBITDA for Q1 2026 stood at $345.3 million, down from $547.9 million in the prior quarter.
  • Across five years, EBITDA topped out at $547.9 million in Q4 2025 and bottomed at -$68.4 million in Q3 2022.
  • The 5-year median for EBITDA is $273.0 million (2023), against an average of $245.1 million.
  • The widest annual swing landed in 2022, when EBITDA plunged 234.38%; it then soared 1250.63% in 2024.
  • A 5-year view of EBITDA shows it stood at -$45.9 million in 2022, then jumped by 966.52% to $397.8 million in 2023, then increased by 14.83% to $456.8 million in 2024, then grew by 19.96% to $547.9 million in 2025, then plunged by 36.98% to $345.3 million in 2026.
  • The last three EBITDA figures came in at $345.3 million (Q1 2026), $547.9 million (Q4 2025), and $466.1 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 First Solar 26.65 Bn 24.22 Bn 486.13 Mn 345.30 Mn
2 Nextpower 17.99 Bn 16.90 Bn 297.38 Mn 153.59 Mn
3 Canadian Solar 15.11 Bn 15.69 Bn 124.40 Mn -64.06 Mn
4 Enphase Energy 8.19 Bn 7.26 Bn 100.39 Mn -29.64 Mn
5 Solaredge Technologies 3.80 Bn 3.25 Bn 68.28 Mn -55.04 Mn
6 Sunrun 3.38 Bn 4.27 Bn 543.70 Mn -43.51 Mn
7 Shoals Technologies 1.60 Bn 1.60 Bn 41.01 Mn 9.92 Mn
8 Array Technologies 1.25 Bn 1.05 Bn 63.00 Mn 9.51 Mn
9 JinkoSolar Holding 677.44 Mn 2.29 Bn 147.66 Mn -84.91 Mn
10 Tigo Energy 288.14 Mn 276.56 Mn 10.79 Mn -2.41 Mn

Historic Data

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DateValue
Mar 31, 2026 345.30 Mn
Dec 31, 2025 547.92 Mn
Sep 30, 2025 466.10 Mn
Jun 30, 2025 361.61 Mn
Mar 31, 2025 221.24 Mn
Dec 31, 2024 456.77 Mn
Sep 30, 2024 322.00 Mn
Jun 30, 2024 372.51 Mn
Mar 31, 2024 243.14 Mn
Dec 31, 2023 397.78 Mn
Sep 30, 2023 272.97 Mn
Jun 30, 2023 168.52 Mn
Mar 31, 2023 18.00 Mn
Dec 31, 2022 -45.91 Mn
Sep 30, 2022 -68.35 Mn
Jun 30, 2022 144.83 Mn
Mar 31, 2022 -57.80 Mn
Dec 31, 2021 173.16 Mn
Sep 30, 2021 50.87 Mn
Jun 30, 2021 110.38 Mn
Mar 31, 2021 252.35 Mn
Dec 31, 2020 57.77 Mn
Sep 30, 2020 207.16 Mn
Jun 30, 2020 50.90 Mn
Mar 31, 2020 1.66 Mn
Dec 31, 2019 -117.87 Mn
Sep 30, 2019 41.30 Mn
Jun 30, 2019 -8.58 Mn
Mar 31, 2019 -76.64 Mn
Dec 31, 2018 11.01 Mn
Sep 30, 2018 58.48 Mn
Jun 30, 2018 -103.63 Mn
Mar 31, 2018 74.26 Mn
Dec 31, 2017 -35.07 Mn
Sep 30, 2017 206.99 Mn
Jun 30, 2017 13.93 Mn
Mar 31, 2017 -8.00 Mn
Dec 31, 2016 -821.15 Mn
Sep 30, 2016 73.32 Mn
Jun 30, 2016 -243,000.00
Mar 31, 2016 179.92 Mn
Dec 31, 2015 345.32 Mn
Sep 30, 2015 397.82 Mn
Jun 30, 2015 57.13 Mn
Mar 31, 2015 -70.11 Mn
Dec 31, 2014 199.22 Mn
Sep 30, 2014 83.88 Mn
Jun 30, 2014 1.91 Mn
Mar 31, 2014 139.27 Mn
Dec 31, 2013 62.20 Mn
Sep 30, 2013 207.90 Mn
Jun 30, 2013 39.10 Mn
Mar 31, 2013 61.21 Mn
Dec 31, 2012 172.02 Mn
Sep 30, 2012 107.05 Mn
Jun 30, 2012 139.66 Mn
Mar 31, 2012 -456.28 Mn
Dec 31, 2011 -485.32 Mn
Sep 30, 2011 222.74 Mn
Jun 30, 2011 64.53 Mn
Mar 31, 2011 129.38 Mn
Dec 31, 2010 165.65 Mn
Sep 25, 2010 211.64 Mn
Jun 26, 2010 180.47 Mn
Mar 27, 2010 191.14 Mn
Dec 26, 2009 144.73 Mn
Sep 26, 2009 162.79 Mn
Jun 27, 2009 204.04 Mn
Mar 28, 2009 168.06 Mn