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
DateValue
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%