First Solar (FSLR) EBT Margin (2009 - 2026)
First Solar (FSLR) posted EBT Margin of 33.93% for Q1 2026, up 3.57% on a QoQ basis from 32.76% in Q4 2025, and up 823.0% year-over-year from 3.68% in Q1 2025.
First Solar (FSLR) EBT Margin (2009 - 2026) Analysis & Trends
First Solar's EBT Margin history runs 18 years deep, the most recent figure standing at 33.93% for Q1 2026.
- Quarterly EBT Margin rose 823.0% year-over-year to 33.93% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 31.71% (down 43.0% YoY) and the FY2025 annual result came in at 30.29%, down 314.0% from the prior year.
- EBT Margin was 33.93% for Q1 2026 at First Solar, up from 32.76% in the prior quarter.
- Across five years, EBT Margin topped out at 37.32% in Q2 2024 and bottomed at 17.1% in Q1 2022.
- A 5-year average of 22.51% and a median of 29.48% in 2024 frame the typical range for EBT Margin.
- Annual changes were most pronounced in 2022 — EBT Margin tumbled 4898 bps — and 2023, when it surged 4607 bps.
- First Solar's EBT Margin stood at 0.66% in 2022, then surged by 5059 bps to 32.51% in 2023, then dropped by 9 bps to 29.48% in 2024, then increased by 11 bps to 32.76% in 2025, then rose by 4 bps to 33.93% in 2026.
- Business Quant data shows FSLR's EBT Margin at 33.93% in Q1 2026, 32.76% in Q4 2025, and 28.86% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.08 Bn | 19.65 Bn | 486.13 Mn | 33.93% |
| 2 | Nextpower | 15.32 Bn | 14.23 Bn | 297.38 Mn | 18.13% |
| 3 | Enphase Energy | 4.98 Bn | 4.05 Bn | 100.39 Mn | -4.91% |
| 4 | JinkoSolar Holding | 3.20 Bn | -107.75 Mn | 147.66 Mn | -9.84% |
| 5 | Solaredge Technologies | 2.60 Bn | 2.04 Bn | 68.28 Mn | -18.06% |
| 6 | Sunrun | 2.35 Bn | 687.09 Mn | 407.49 Mn | -40.19% |
| 7 | Shoals Technologies | 1.55 Bn | 1.55 Bn | 41.01 Mn | -0.27% |
| 8 | Canadian Solar | 925.64 Mn | 166.07 Mn | 124.40 Mn | -9.74% |
| 9 | Array Technologies | 843.55 Mn | 642.85 Mn | 63.00 Mn | 1.85% |
| 10 | Toyo | 182.74 Mn | 106.10 Mn | 47.76 Mn | 23.78% |
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% |