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% YoY from 1.13% in Q2 2025, and up 34.39% on a QoQ basis from 36.82% in Q1 2026.
First Solar (FSLR) FCF Margin (2009 - 2026) Analysis & Trends
First Solar (FSLR) has 18 years of FCF Margin data on file, last reported at 24.16% in Q2 2026.
- Quarterly FCF Margin fell 2244.0% year-over-year to 24.16% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 27.89% (up 4960.0% YoY) and the FY2025 annual result came in at 22.75%, up 3007.0% from the prior year.
- FCF Margin improved to 24.16% in Q2 2026, from 36.82% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 67.06% in Q3 2025 to a low of 110.55% in Q1 2025.
- A 5-year average of 16.44% and a median of 16.45% in 2023 frame the typical range for FCF Margin.
- The widest YoY moves for FCF Margin: up 12200 bps in 2025, down 8811 bps in 2025.
- Tracing FSLR's FCF Margin over 5 years: stood at 46.72% in 2022, then sank by 60 bps to 18.49% in 2023, then surged by 78 bps to 32.86% in 2024, then surged by 94 bps to 63.6% in 2025, then tumbled by 138 bps to 24.16% in 2026.
- The last three FCF Margin figures came in at 24.16% (Q2 2026), 36.82% (Q1 2026), and 63.6% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | -24.16% |
| 2 | Nextpower | 13.25 Bn | 12.03 Bn | 335.85 Mn | 11.25% |
| 3 | Enphase Energy | 5.07 Bn | 4.13 Bn | 175.01 Mn | 8.88% |
| 4 | Sunrun | 2.24 Bn | 2.24 Bn | 527.54 Mn | -21.89% |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | 3.30% |
| 6 | Shoals Technologies | 1.24 Bn | 1.22 Bn | 49.53 Mn | -0.13% |
| 7 | Canadian Solar | 991.33 Mn | -596.96 Mn | 124.40 Mn | 16.54% |
| 8 | JinkoSolar Holding | 831.90 Mn | -2.48 Bn | 147.66 Mn | - |
| 9 | Array Technologies | 727.79 Mn | 420.48 Mn | 99.60 Mn | 33.22% |
| 10 | Toyo | 170.12 Mn | 93.48 Mn | 47.76 Mn | 26.64% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -24.16% |
| Mar 31, 2026 | -31.93% |
| Dec 31, 2025 | 107.34% |
| Sep 30, 2025 | 51.27% |
| Jun 30, 2025 | 10.33% |
| Mar 31, 2025 | -96.37% |
| Dec 31, 2024 | 58.77% |
| Sep 30, 2024 | 9.47% |
| Jun 30, 2024 | 20.21% |
| Mar 31, 2024 | -18.35% |
| Dec 31, 2023 | 116.66% |
| Sep 30, 2023 | -15.08% |
| Jun 30, 2023 | -63.22% |
| Mar 31, 2023 | -66.65% |
| Dec 31, 2022 | 5.46% |
| Sep 30, 2022 | 23.00% |
| Jun 30, 2022 | 10.30% |
| Mar 31, 2022 | -79.99% |
| Dec 31, 2021 | -17.68% |
| Sep 30, 2021 | 0.65% |