First Solar (FSLR) EBITDA Margin (2009 - 2026)
First Solar posted quarterly EBITDA Margin of 33.07% for Q1 2026, up 687.0% year-on-year from 4.2% in Q1 2025, and up 1.56% on a QoQ basis from 32.56% in Q4 2025.
First Solar (FSLR) has 18 years of EBITDA Margin data on file, last reported at 33.07% in Q1 2026.
- For the quarter ending Q1 2026, EBITDA Margin rose 687.0% year-over-year to 33.07%; the trailing twelve-month figure through Mar 2026 stood at 31.76% (down 49.0% YoY), and the FY2025 full-year result was 30.59%, down 256.0% from the prior year.
- EBITDA Margin for Q1 2026 stood at 33.07%, up from 32.56% in the prior quarter.
- Across five years, EBITDA Margin topped out at 36.86% in Q2 2024 and bottomed at 15.75% in Q1 2022.
- The 5-year median for EBITDA Margin is 30.17% (2024), against an average of 21.91%.
- The widest annual swing landed in 2022, when EBITDA Margin plunged 4716 bps; it then jumped 4494 bps in 2023.
- A 5-year view of EBITDA Margin shows it stood at 4.58% in 2022, then surged by 850 bps to 34.33% in 2023, then retreated by 12 bps to 30.17% in 2024, then grew by 8 bps to 32.56% in 2025, then rose by 2 bps to 33.07% in 2026.
- The last three EBITDA Margin figures came in at 33.07% (Q1 2026), 32.56% (Q4 2025), and 29.22% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 26.65 Bn | 24.22 Bn | 486.13 Mn | 33.07% |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | 17.44% |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | -5.26% |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | -10.48% |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | -17.73% |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | -6.02% |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | 7.06% |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | 4.26% |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn | -4.78% |
| 10 | Tigo Energy | 288.14 Mn | 276.56 Mn | 10.79 Mn | -9.56% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 17.54% |
| Mar 31, 2021 | 31.41% |
| Dec 31, 2020 | 9.48% |
| Sep 30, 2020 | 22.33% |
| Jun 30, 2020 | 7.92% |
| Mar 31, 2020 | 0.31% |
| Dec 31, 2019 | -8.42% |
| Sep 30, 2019 | 7.55% |
| Jun 30, 2019 | -1.47% |
| Mar 31, 2019 | -14.41% |
| Dec 31, 2018 | 1.59% |
| Sep 30, 2018 | 8.65% |
| Jun 30, 2018 | -323.86% |
| Mar 31, 2018 | 13.09% |
| Dec 31, 2017 | -10.34% |
| Sep 30, 2017 | 19.04% |
| Jun 30, 2017 | 2.23% |
| Mar 31, 2017 | -0.90% |
| Dec 31, 2016 | -248.24% |
| Sep 30, 2016 | 10.76% |
| Jun 30, 2016 | -0.02% |
| Mar 31, 2016 | 20.54% |
| Dec 31, 2015 | 23.40% |
| Sep 30, 2015 | 31.29% |
| Jun 30, 2015 | 6.37% |
| Mar 31, 2015 | -14.94% |
| Dec 31, 2014 | 19.76% |
| Sep 30, 2014 | 9.42% |
| Jun 30, 2014 | 0.35% |
| Mar 31, 2014 | 14.66% |
| Dec 31, 2013 | 8.09% |
| Sep 30, 2013 | 16.43% |
| Jun 30, 2013 | 7.52% |
| Mar 31, 2013 | 8.10% |
| Dec 31, 2012 | 16.00% |
| Sep 30, 2012 | 12.76% |
| Jun 30, 2012 | 14.59% |
| Mar 31, 2012 | -91.80% |
| Dec 31, 2011 | 23.20% |
| Sep 30, 2011 | 22.15% |
| Jun 30, 2011 | 12.11% |
| Mar 31, 2011 | 22.81% |
| Dec 31, 2010 | 27.16% |
| Sep 25, 2010 | 26.52% |
| Jun 26, 2010 | 30.70% |
| Mar 27, 2010 | 33.65% |
| Dec 26, 2009 | 22.57% |
| Sep 26, 2009 | 33.85% |
| Jun 27, 2009 | 38.80% |
| Mar 28, 2009 | 40.18% |