First Solar (FSLR) EBT Margin (2009 - 2026)
First Solar posted quarterly EBT Margin of 33.93% for Q1 2026, up 823.0% year-on-year from 3.68% in Q1 2025, and up 3.57% on a QoQ basis from 32.76% in Q4 2025.
First Solar (FSLR) has 18 years of EBT Margin data on file, last reported 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.
- Across five years, EBT Margin topped out at 37.32% in Q2 2024 and bottomed at 17.1% in Q1 2022.
- The 5-year median for EBT Margin is 29.48% (2024), against an average of 22.51%.
- The widest annual swing landed in 2022, when EBT Margin slumped 4898 bps; it then surged 4607 bps in 2023.
- A 5-year view of EBT Margin shows it stood at 0.66% in 2022, then jumped by 5059 bps to 32.51% in 2023, then slipped by 9 bps to 29.48% in 2024, then grew by 11 bps to 32.76% in 2025, then increased 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 26.65 Bn | 24.22 Bn | 486.13 Mn | 33.93% |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | 18.13% |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | -0.55% |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | -4.91% |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | -18.06% |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | -40.19% |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | -0.27% |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | 1.85% |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn | -9.84% |
| 10 | Tigo Energy | 288.14 Mn | 276.56 Mn | 10.79 Mn | -7.60% |
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% |
| Mar 31, 2021 | 31.89% |
| Dec 31, 2020 | 8.47% |
| Sep 30, 2020 | 20.83% |
| Jun 30, 2020 | 7.29% |
| Mar 31, 2020 | 0.30% |
| Dec 31, 2019 | -6.45% |
| Sep 30, 2019 | 8.34% |
| Jun 30, 2019 | -1.15% |
| Mar 31, 2019 | -12.94% |
| Dec 31, 2018 | 6.97% |
| Sep 30, 2018 | 9.37% |
| Jun 30, 2018 | -296.06% |
| Mar 31, 2018 | 16.98% |
| Dec 31, 2017 | -9.58% |
| Sep 30, 2017 | 19.25% |
| Jun 30, 2017 | 1.60% |
| Mar 31, 2017 | 1.72% |
| Dec 31, 2016 | -251.57% |
| Sep 30, 2016 | 11.42% |
| Jun 30, 2016 | 0.31% |
| Mar 31, 2016 | 24.43% |
| Dec 31, 2015 | 23.28% |
| Sep 30, 2015 | 31.30% |
| Jun 30, 2015 | 6.54% |
| Mar 31, 2015 | -14.22% |
| Dec 31, 2014 | 20.09% |
| Sep 30, 2014 | 9.80% |
| Jun 30, 2014 | 0.80% |
| Mar 31, 2014 | 14.82% |
| Dec 31, 2013 | 8.46% |
| Sep 30, 2013 | 16.49% |
| Jun 30, 2013 | 7.90% |
| Mar 31, 2013 | 8.76% |
| Dec 31, 2012 | 15.87% |
| Sep 30, 2012 | 13.20% |
| Jun 30, 2012 | 14.14% |
| Mar 31, 2012 | -91.84% |
| Dec 31, 2011 | 23.01% |
| Sep 30, 2011 | 22.15% |
| Jun 30, 2011 | 13.51% |
| Mar 31, 2011 | 23.45% |
| Dec 31, 2010 | 28.43% |
| Sep 25, 2010 | 26.68% |
| Jun 26, 2010 | 30.69% |
| Mar 27, 2010 | 34.40% |
| Dec 26, 2009 | 23.44% |
| Sep 26, 2009 | 34.31% |
| Jun 27, 2009 | 38.28% |
| Mar 28, 2009 | 40.59% |