First Solar FSLR
NASDAQ FSLR
$203.01 -10.24 (-4.80%)
As of: Sep 9, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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