First Solar (FSLR) EV to CFO (2009 - 2026)
First Solar's (FSLR) quarterly EV to CFO came in at 163.09 in Q2 2026, down 246.95% on a YoY basis from 110.98 in Q2 2025, and down 86.69% quarter-over-quarter from 87.35 in Q1 2026.
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First Solar (FSLR) EV to CFO (2009 - 2026) Analysis & Trends
First Solar (FSLR) has reported EV to CFO for 18 consecutive years, with 163.09 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, EV to CFO fell 246.95% year-over-year to 163.09; the trailing twelve-month figure through Jun 2026 stood at 10.96 (down 80.26% YoY), and the FY2025 full-year result was 12.24, down 12.7% from the prior year.
- EV to CFO retreated to 163.09 in Q2 2026 per FSLR's latest filing, from 87.35 in the prior quarter.
- Across five years, EV to CFO topped out at 116.02 in Q2 2024 and bottomed at 671.2 in Q1 2023.
- Historically, EV to CFO has averaged 56.56 across 5 years, with a median of 18.63 in 2025.
- The sharpest annual moves came in 2022 and 2023: EV to CFO soared 249.02% in 2022, then sank 946.12% in 2023.
- Over 5 years, EV to CFO stood at 16.84 in 2022, then surged by 72.56% to 29.06 in 2023, then decreased by 27.54% to 21.05 in 2024, then dropped by 3.71% to 20.27 in 2025, then sank by 904.45% to 163.09 in 2026.
- According to Business Quant data, EV to CFO over the past three periods registered 163.09, 87.35, and 20.27 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | First Solar | 21.97 Bn | 20.25 Bn | 605.00 Mn |
| 2 | Nextpower | 12.81 Bn | 11.60 Bn | 335.85 Mn |
| 3 | Enphase Energy | 4.81 Bn | 3.87 Bn | 175.01 Mn |
| 4 | Solaredge Technologies | 2.10 Bn | 1.52 Bn | 95.15 Mn |
| 5 | T1 Energy | 1.29 Bn | 1.14 Bn | 49.10 Mn |
| 6 | Shoals Technologies | 1.20 Bn | 1.18 Bn | 49.53 Mn |
| 7 | Canadian Solar | 896.45 Mn | 597.20 Mn | 168.48 Mn |
| 8 | Array Technologies | 708.44 Mn | 401.13 Mn | 99.60 Mn |
| 9 | JinkoSolar Holding | 627.24 Mn | -480.04 Mn | 75.62 Mn |
| 10 | Toyo | 133.94 Mn | 23.90 Mn | 36.97 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -163.09 |
| Mar 31, 2026 | -87.35 |
| Dec 31, 2025 | 20.27 |
| Sep 30, 2025 | 16.98 |
| Jun 30, 2025 | 110.98 |
| Mar 31, 2025 | -20.84 |
| Dec 31, 2024 | 21.05 |
| Sep 30, 2024 | -473.34 |
| Jun 30, 2024 | 116.02 |
| Mar 31, 2024 | 60.06 |
| Dec 31, 2023 | 29.06 |
| Sep 30, 2023 | 93.35 |
| Jun 30, 2023 | -205.44 |
| Mar 31, 2023 | -671.20 |
| Dec 31, 2022 | 16.84 |
| Sep 30, 2022 | 100.32 |
| Jun 30, 2022 | 82.40 |
| Mar 31, 2022 | -64.16 |
| Dec 31, 2021 | 215.91 |
| Sep 30, 2021 | 28.74 |