First Solar (FSLR) EBT Margin (2009 - 2026)
First Solar's EBT Margin came in at 45.98% for Q3 2026, up 17.12 percentage points from 28.86% a year earlier and up 2.49 percentage points from the prior quarter.
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Analysis
First Solar (FSLR) EBT Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, First Solar reported EBT Margin of 38.51%, up 9.29 percentage points year-over-year; for FY2025, it was 30.29%, down 3.14 percentage points from FY2024.
- EBT Margin carries a five-year change of +19.48 percentage points (FY2020 to FY2025).
- Going back by year, EBT Margin was 33.43% in FY2024 (+6.58 pp), 26.86% in FY2023 (+26.53 pp), 0.33% in FY2022 (-19.24 pp) and 19.57% in FY2021 (+8.76 pp).
- The Q3 2026 figure represents the highest quarterly EBT Margin in data going back to Q1 2009.
- Year-over-year, EBT Margin has increased for four consecutive quarters, with an average year-over-year change of +2.16 percentage points over the last eight quarters.
- The fastest year-over-year change in EBT Margin over five years came in Q3 2023 (a gain of 46.07 percentage points), and the weakest in Q1 2022 (a drop of 48.98 percentage points).
- Business Quant data shows FSLR's EBT Margin at 43.49% (Q2 2026), 33.93% (Q1 2026) and 32.76% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 209.61 Bn | 160.70 Bn | 3.11 Bn | 14.10% |
| 2 | Bloom Energy | 56.09 Bn | 45.99 Bn | 417.10 Mn | 20.21% |
| 3 | First Solar | 19.82 Bn | 11.19 Bn | 713.06 Mn | 45.98% |
| 4 | Nextpower | 15.58 Bn | 11.28 Bn | 345.32 Mn | 19.39% |
| 5 | BWX Technologies | 11.75 Bn | 9.57 Bn | 227.14 Mn | 13.84% |
| 6 | Generac Holdings | 10.81 Bn | 9.54 Bn | 516.04 Mn | 11.06% |
| 7 | Innio | 10.80 Bn | 10.80 Bn | 367.70 Mn | 12.90% |
| 8 | EnerSys | 5.49 Bn | 3.69 Bn | 313.36 Mn | 14.43% |
| 9 | Mirion Technologies | 4.67 Bn | 3.03 Bn | 131.50 Mn | 3.92% |
| 10 | Enphase Energy | 3.73 Bn | -585.71 Mn | 127.12 Mn | -1.23% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 45.98% |
| Jun 30, 2026 | 43.49% |
| 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% |
API Access
First Solar EBT Margin 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=ebt-margin&ticker=FSLR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-margin", "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=ebt-margin&ticker=FSLR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();