First Solar (FSLR) EBT Margin (2009 - 2026)
First Solar (FSLR) reported EBT Margin of 33.93% for Q1 2026, up 823.0% on a YoY basis from 3.68% in Q1 2025, and up 3.57% quarter-over-quarter from 32.76% in Q4 2025.
First Solar (FSLR) EBT Margin (2009 - 2026) Analysis & Trends
First Solar has reported EBT Margin for 18 years, with the latest figure at 33.93% in Q1 2026.
- For the quarter ending Q1 2026, EBT Margin rose 823.0% year-over-year to 33.93%; the trailing twelve-month figure through Mar 2026 stood at 31.71% (down 43.0% YoY), and the FY2025 full-year result was 30.29%, down 314.0% from the prior year.
- EBT Margin for Q1 2026 stood at 33.93%, up from 32.76% in the prior quarter.
- The five-year high for EBT Margin was 37.32% in Q2 2024, with the low at 17.1% in Q1 2022.
- Historically, EBT Margin has averaged 22.51% across 5 years, with a median of 29.48% in 2024.
- Annual changes were most pronounced in 2022 — EBT Margin plunged 4898 bps — and 2023, when it surged 4607 bps.
- First Solar's EBT Margin stood at 0.66% in 2022, then soared by 5059 bps to 32.51% in 2023, then decreased by 9 bps to 29.48% in 2024, then climbed by 11 bps to 32.76% in 2025, then grew by 4 bps to 33.93% in 2026.
- The last three EBT Margin figures came in at 33.93% (Q1 2026), 32.76% (Q4 2025), and 28.86% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 28.68 Bn | 26.25 Bn | 486.13 Mn | 33.93% |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | 18.13% |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | -4.91% |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | -18.06% |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | -40.19% |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | -0.27% |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | 1.85% |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn | -9.84% |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn | -7.60% |
| 10 | Skycorp Solar | 110.38 Mn | 103.60 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 33.93% |
| Dec 31, 2025 | 32.76% |
| Sep 30, 2025 | 28.86% |
| Jun 30, 2025 | 32.10% |
| Mar 31, 2025 | 25.70% |
| Dec 31, 2024 | 29.48% |
| Sep 30, 2024 | 36.88% |
| Jun 30, 2024 | 37.32% |
| Mar 31, 2024 | 32.18% |
| Dec 31, 2023 | 32.51% |
| Sep 30, 2023 | 36.26% |
| Jun 30, 2023 | 23.25% |
| Mar 31, 2023 | 6.51% |
| Dec 31, 2022 | -0.66% |
| Sep 30, 2022 | -9.81% |
| Jun 30, 2022 | 22.48% |
| Mar 31, 2022 | -17.10% |
| Dec 31, 2021 | 18.42% |
| Sep 30, 2021 | 7.89% |
| Jun 30, 2021 | 16.34% |