First Solar (FSLR) EV to EBITDA (2009 - 2026)
First Solar's (FSLR) quarterly EV to EBITDA came in at 52.47 in Q2 2026, up 14.3% on a YoY basis from 45.91 in Q2 2025, and down 3.47% quarter-over-quarter from 54.36 in Q1 2026.
Analysis
First Solar (FSLR) EV to EBITDA (2009 - 2026) Analysis & Trends
First Solar (FSLR) has reported EV to EBITDA for 18 consecutive years, with 52.47 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, EV to EBITDA rose 14.3% year-over-year to 52.47; the trailing twelve-month figure through Jun 2026 stood at 13.06 (up 7.11% YoY), and the FY2025 full-year result was 15.77, up 28.75% from the prior year.
- EV to EBITDA eased to 52.47 in Q2 2026 per FSLR's latest filing, from 54.36 in the prior quarter.
- Across five years, EV to EBITDA topped out at 1289.98 in Q1 2023 and bottomed at 291.7 in Q4 2022.
- Historically, EV to EBITDA has averaged 80.93 across 5 years, with a median of 51.27 in 2026.
- The sharpest annual moves came in 2022 and 2023: EV to EBITDA tumbled 778.74% in 2022, then jumped 937.06% in 2023.
- Over 5 years, EV to EBITDA stood at 291.7 in 2022, then jumped by 114.05% to 40.99 in 2023, then decreased by 8.8% to 37.38 in 2024, then climbed by 22.92% to 45.95 in 2025, then grew by 14.19% to 52.47 in 2026.
- According to Business Quant data, EV to EBITDA over the past three periods registered 52.47, 54.36, and 45.95 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 | 52.47 |
| Mar 31, 2026 | 54.36 |
| Dec 31, 2025 | 45.95 |
| Sep 30, 2025 | 46.40 |
| Jun 30, 2025 | 45.91 |
| Mar 31, 2025 | 57.26 |
| Dec 31, 2024 | 37.38 |
| Sep 30, 2024 | 78.99 |
| Jun 30, 2024 | 60.12 |
| Mar 31, 2024 | 66.13 |
| Dec 31, 2023 | 40.99 |
| Sep 30, 2023 | 56.57 |
| Jun 30, 2023 | 109.33 |
| Mar 31, 2023 | 1,289.98 |
| Dec 31, 2022 | -291.70 |
| Sep 30, 2022 | -189.29 |
| Jun 30, 2022 | 50.08 |
| Mar 31, 2022 | -154.11 |
| Dec 31, 2021 | 42.98 |
| Sep 30, 2021 | 172.52 |