First Solar (FSLR) FCF Margin (2009 - 2026)
First Solar's (FSLR) quarterly FCF Margin came in at 24.16% in Q2 2026, down 2244.0% on a YoY basis from 1.13% in Q2 2025, and up 34.39% quarter-over-quarter from 36.82% in Q1 2026.
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First Solar (FSLR) FCF Margin (2009 - 2026) Analysis & Trends
First Solar (FSLR) has reported FCF Margin for 18 consecutive years, with 24.16% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, FCF Margin fell 2244.0% year-over-year to 24.16%; the trailing twelve-month figure through Jun 2026 stood at 27.89% (up 4960.0% YoY), and the FY2025 full-year result was 22.75%, up 3007.0% from the prior year.
- FCF Margin advanced to 24.16% in Q2 2026 per FSLR's latest filing, from 36.82% in the prior quarter.
- Across five years, FCF Margin topped out at 67.06% in Q3 2025 and bottomed at 110.55% in Q1 2025.
- Historically, FCF Margin has averaged 16.44% across 5 years, with a median of 16.45% in 2023.
- The widest YoY moves for FCF Margin: up 12200 bps in 2025, down 8811 bps in 2025.
- Over 5 years, FCF Margin stood at 46.72% in 2022, then tumbled by 60 bps to 18.49% in 2023, then jumped by 78 bps to 32.86% in 2024, then jumped by 94 bps to 63.6% in 2025, then sank by 138 bps to 24.16% in 2026.
- According to Business Quant data, FCF Margin over the past three periods registered 24.16%, 36.82%, and 63.6% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.18 Bn | 20.45 Bn | 605.00 Mn | -24.16% |
| 2 | Nextpower | 12.28 Bn | 11.06 Bn | 335.85 Mn | 11.25% |
| 3 | Enphase Energy | 4.97 Bn | 4.03 Bn | 175.01 Mn | 8.88% |
| 4 | Solaredge Technologies | 2.20 Bn | 1.62 Bn | 95.15 Mn | 3.30% |
| 5 | T1 Energy | 1.33 Bn | 1.12 Bn | 49.10 Mn | -52.45% |
| 6 | Shoals Technologies | 1.20 Bn | 1.18 Bn | 49.53 Mn | -0.13% |
| 7 | Canadian Solar | 891.29 Mn | -575.22 Mn | 168.48 Mn | -0.74% |
| 8 | Array Technologies | 700.86 Mn | 393.56 Mn | 99.60 Mn | 33.22% |
| 9 | JinkoSolar Holding | 624.46 Mn | -2.06 Bn | 75.62 Mn | - |
| 10 | Toyo | 132.49 Mn | 22.45 Mn | 36.97 Mn | 43.31% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -24.16% |
| Mar 31, 2026 | -36.82% |
| Dec 31, 2025 | 63.60% |
| Sep 30, 2025 | 67.06% |
| Jun 30, 2025 | -1.71% |
| Mar 31, 2025 | -110.55% |
| Dec 31, 2024 | 32.86% |
| Sep 30, 2024 | -54.94% |
| Jun 30, 2024 | -13.82% |
| Mar 31, 2024 | -22.45% |
| Dec 31, 2023 | 18.49% |
| Sep 30, 2023 | -15.08% |
| Jun 30, 2023 | -58.27% |
| Mar 31, 2023 | -73.97% |
| Dec 31, 2022 | 46.72% |
| Sep 30, 2022 | -14.99% |
| Jun 30, 2022 | -17.82% |
| Mar 31, 2022 | -79.99% |
| Dec 31, 2021 | -17.68% |
| Sep 30, 2021 | 24.11% |