First Solar (FSLR) EBITDA Margin (2009 - 2026)
First Solar's (FSLR) quarterly EBITDA Margin came in at 42.64% in Q2 2026, up 968.0% on a YoY basis from 3.99% in Q2 2025, and up 28.96% quarter-over-quarter from 33.07% in Q1 2026.
Analysis
First Solar (FSLR) EBITDA Margin (2009 - 2026) Analysis & Trends
First Solar (FSLR) has reported EBITDA Margin for 18 consecutive years, with 42.64% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, EBITDA Margin rose 968.0% year-over-year to 42.64%; the trailing twelve-month figure through Jun 2026 stood at 33.65% (up 230.0% YoY), and the FY2025 full-year result was 30.59%, down 256.0% from the prior year.
- EBITDA Margin advanced to 42.64% in Q2 2026 per FSLR's latest filing, from 33.07% in the prior quarter.
- Across five years, EBITDA Margin topped out at 42.64% in Q2 2026 and bottomed at 15.75% in Q1 2022.
- Historically, EBITDA Margin has averaged 23.07% across 5 years, with a median of 30.39% in 2024.
- The sharpest annual moves came in 2022 and 2023: EBITDA Margin tumbled 4716 bps in 2022, then surged 4494 bps in 2023.
- Over 5 years, EBITDA Margin stood at 4.58% in 2022, then soared by 850 bps to 34.33% in 2023, then decreased by 12 bps to 30.17% in 2024, then increased by 8 bps to 32.56% in 2025, then soared by 31 bps to 42.64% in 2026.
- According to Business Quant data, EBITDA Margin over the past three periods registered 42.64%, 33.07%, and 32.56% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 21.97 Bn | 20.25 Bn | 605.00 Mn | 42.64% |
| 2 | Nextpower | 12.81 Bn | 11.60 Bn | 335.85 Mn | 20.41% |
| 3 | Enphase Energy | 4.81 Bn | 3.87 Bn | 175.01 Mn | 17.65% |
| 4 | Solaredge Technologies | 2.10 Bn | 1.52 Bn | 95.15 Mn | -4.63% |
| 5 | T1 Energy | 1.29 Bn | 1.14 Bn | 49.10 Mn | -9.11% |
| 6 | Shoals Technologies | 1.20 Bn | 1.18 Bn | 49.53 Mn | 13.11% |
| 7 | Canadian Solar | 896.45 Mn | 597.20 Mn | 168.48 Mn | -5.88% |
| 8 | Array Technologies | 708.44 Mn | 401.13 Mn | 99.60 Mn | 10.95% |
| 9 | JinkoSolar Holding | 627.24 Mn | -480.04 Mn | 75.62 Mn | -11.58% |
| 10 | Toyo | 133.94 Mn | 23.90 Mn | 36.97 Mn | 19.08% |
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% |