First Solar (FSLR) EBITDA (2014 - 2026)
First Solar (FSLR) recorded EBITDA of $694.14 million in Q3 2026, up 16.0% from $598.37 million a year earlier and up 16.0% from the prior quarter.
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Analysis
First Solar (FSLR) EBITDA (2014 - 2026) Analysis & Trends
On a TTM basis, First Solar's EBITDA came in at $2.48 billion as of Sep 30, 2026, up 23.4% 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 $696.61 million in Q4 2025 over the past five years.
- On a year-over-year basis, EBITDA has increased for 11 consecutive quarters, with growth averaging 20.7% 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 $598.23 million (Q2 2026), $492.7 million (Q1 2026) and $696.61 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 220.58 Bn | 171.68 Bn | 3.11 Bn | 1.83 Bn |
| 2 | Bloom Energy | 56.91 Bn | 46.81 Bn | 417.10 Mn | 242.43 Mn |
| 3 | First Solar | 20.56 Bn | 11.92 Bn | 713.06 Mn | 694.14 Mn |
| 4 | Nextpower | 15.90 Bn | 11.61 Bn | 345.32 Mn | 222.47 Mn |
| 5 | BWX Technologies | 11.75 Bn | 9.57 Bn | 227.14 Mn | 165.59 Mn |
| 6 | Generac Holdings | 11.11 Bn | 9.84 Bn | 516.04 Mn | 247.04 Mn |
| 7 | EnerSys | 5.54 Bn | 3.73 Bn | 313.36 Mn | 182.39 Mn |
| 8 | Mirion Technologies | 4.72 Bn | 3.08 Bn | 131.50 Mn | 56.80 Mn |
| 9 | Enphase Energy | 3.84 Bn | -474.64 Mn | 127.12 Mn | 26.90 Mn |
| 10 | QuantumScape | 2.84 Bn | -715.25 Mn | - | -79.72 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 694.14 Mn |
| Jun 30, 2026 | 598.23 Mn |
| Mar 31, 2026 | 492.70 Mn |
| Dec 31, 2025 | 696.61 Mn |
| Sep 30, 2025 | 598.37 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 |
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();