First Solar FSLR
NASDAQ FSLR
$203.01 -10.24 (-4.80%)
As of: Sep 9, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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%