First Solar (FSLR) EV to CFO (2009 - 2026)
First Solar's EV to CFO was 10.96 in Q2 2026, down 80.3% from 55.54 a year earlier but up 43.1% from the prior quarter.
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Analysis
First Solar (FSLR) EV to CFO (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, First Solar's EV to CFO was 7.57 through Jun 30, 2026, down 82.1% year-over-year; for FY2025, it was 12.24, down 12.7% from FY2024.
- In earlier years, EV to CFO was 14.02 in FY2024 (-48.2%), 27.07 in FY2023 (+76.6%), 15.33 in FY2022 (-51.1%) and 31.33 in FY2021 (-86.7%).
- Quarterly EV to CFO has moved between 7.66 (Q1 2026) and 108.09 (Q3 2022) over five years.
- Compared with a year earlier, EV to CFO has declined for four straight quarters, with growth averaging 9.4% over the last eight quarters.
- The best year-over-year quarter for EV to CFO over five years was Q3 2022 (growth of 411.6%); the worst was Q4 2021 (a decline of 86.7%).
- Per Business Quant data, FSLR's EV to CFO in the three quarters before Q2 2026 was 7.66 (Q1 2026), 12.24 (Q4 2025) and 13.30 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | GE Vernova | 252.99 Bn | 214.06 Bn | 2.36 Bn |
| 2 | Bloom Energy | 81.25 Bn | 73.07 Bn | 355.57 Mn |
| 3 | First Solar | 18.82 Bn | 9.78 Bn | 605.00 Mn |
| 4 | BWX Technologies | 12.55 Bn | 10.85 Bn | 202.31 Mn |
| 5 | Generac Holdings | 12.21 Bn | 11.04 Bn | 521.81 Mn |
| 6 | Nextpower | 11.82 Bn | 7.71 Bn | 335.85 Mn |
| 7 | EnerSys | 6.67 Bn | 4.86 Bn | 313.36 Mn |
| 8 | Enphase Energy | 4.36 Bn | -500.13 Mn | 175.01 Mn |
| 9 | Mirion Technologies | 3.45 Bn | 1.34 Bn | 133.10 Mn |
| 10 | Nuscale Power | 3.24 Bn | 3.19 Bn | -152,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 10.96 |
| Mar 31, 2026 | 7.66 |
| Dec 31, 2025 | 12.24 |
| Sep 30, 2025 | 13.30 |
| Jun 30, 2025 | 55.54 |
| Mar 31, 2025 | 37.01 |
| Dec 31, 2024 | 14.02 |
| Sep 30, 2024 | 26.27 |
| Jun 30, 2024 | 18.86 |
| Mar 31, 2024 | 17.77 |
| Dec 31, 2023 | 27.07 |
| Sep 30, 2023 | 18.46 |
| Jun 30, 2023 | 23.03 |
| Mar 31, 2023 | 21.44 |
| Dec 31, 2022 | 15.33 |
| Sep 30, 2022 | 108.09 |
| Jun 30, 2022 | 24.63 |
| Mar 31, 2022 | 23.01 |
| Dec 31, 2021 | 31.33 |
| Sep 30, 2021 | 21.13 |
API Access
First Solar EV to CFO 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=ev-to-cfo&ticker=FSLR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-cfo", "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=ev-to-cfo&ticker=FSLR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();