First Solar (FSLR) FCF Margin (2009 - 2026)
First Solar posted quarterly FCF Margin of 31.93% for Q1 2026, up 6445.0% year-on-year from 0.49% in Q1 2025, and down 150.2% on a QoQ basis from 63.6% in Q4 2025.
First Solar (FSLR) has 18 years of FCF Margin data on file, last reported at 31.93% in Q1 2026.
- For the quarter ending Q1 2026, FCF Margin rose 6445.0% year-over-year to 31.93%; the trailing twelve-month figure through Mar 2026 stood at 30.78% (up 5371.0% YoY), and the FY2025 full-year result was 22.75%, up 3007.0% from the prior year.
- FCF Margin for Q1 2026 stood at 31.93%, down from 63.6% in the prior quarter.
- Across five years, FCF Margin topped out at 67.06% in Q3 2025 and bottomed at 96.37% in Q1 2025.
- The 5-year median for FCF Margin is 17.04% (2024), against an average of 11.46%.
- The widest annual swing landed in 2023, when FCF Margin sank 13702 bps; it then soared 13812 bps in 2024.
- A 5-year view of FCF Margin shows it stood at 5.46% in 2022, then jumped by 238 bps to 18.49% in 2023, then sank by 261 bps to 29.76% in 2024, then soared by 314 bps to 63.6% in 2025, then plunged by 150 bps to 31.93% in 2026.
- The last three FCF Margin figures came in at 31.93% (Q1 2026), 63.6% (Q4 2025), and 67.06% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 26.65 Bn | 24.22 Bn | 486.13 Mn | -31.93% |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | 14.00% |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | 16.54% |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | 32.11% |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | -0.56% |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | 1.41% |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | -29.72% |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | -16.53% |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn | - |
| 10 | Tigo Energy | 288.14 Mn | 276.56 Mn | 10.79 Mn | -37.55% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -31.93% |
| Dec 31, 2025 | 63.60% |
| Sep 30, 2025 | 67.06% |
| Jun 30, 2025 | -12.63% |
| Mar 31, 2025 | -96.37% |
| Dec 31, 2024 | -29.76% |
| Sep 30, 2024 | 51.87% |
| Jun 30, 2024 | -17.04% |
| Mar 31, 2024 | -18.35% |
| Dec 31, 2023 | 18.49% |
| Sep 30, 2023 | -86.25% |
| Jun 30, 2023 | 12.06% |
| Mar 31, 2023 | -73.97% |
| Dec 31, 2022 | 5.46% |
| Sep 30, 2022 | 50.76% |
| Jun 30, 2022 | -17.82% |
| Mar 31, 2022 | -79.99% |
| Dec 31, 2021 | 2.57% |
| Sep 30, 2021 | 51.21% |
| Jun 30, 2021 | 35.52% |
| Mar 31, 2021 | -46.01% |
| Dec 31, 2020 | 15.92% |
| Sep 30, 2020 | -2.17% |
| Jun 30, 2020 | 19.42% |
| Mar 31, 2020 | -109.22% |
| Dec 31, 2019 | 58.41% |
| Sep 30, 2019 | -51.41% |
| Jun 30, 2019 | 0.13% |
| Mar 31, 2019 | -82.51% |
| Dec 31, 2018 | -112.90% |
| Sep 30, 2018 | -30.23% |
| Jun 30, 2018 | 394.64% |
| Mar 31, 2018 | -36.68% |
| Dec 31, 2017 | 69.20% |
| Sep 30, 2017 | 44.50% |
| Jun 30, 2017 | -43.69% |
| Mar 31, 2017 | 42.63% |
| Dec 31, 2016 | 125.64% |
| Sep 30, 2016 | -35.12% |
| Jun 30, 2016 | -3.02% |
| Mar 31, 2016 | 3.71% |
| Dec 31, 2015 | 4.18% |
| Sep 30, 2015 | -6.63% |
| Jun 30, 2015 | 1.22% |
| Mar 31, 2015 | -102.29% |
| Dec 31, 2014 | 96.73% |
| Sep 30, 2014 | -5.86% |
| Jun 30, 2014 | 20.69% |
| Mar 31, 2014 | -38.01% |
| Dec 31, 2013 | 17.68% |
| Sep 30, 2013 | 24.15% |
| Jun 30, 2013 | 26.39% |
| Mar 31, 2013 | -0.69% |
| Dec 31, 2012 | 26.75% |
| Sep 30, 2012 | -4.16% |
| Jun 30, 2012 | 28.31% |
| Mar 31, 2012 | -28.29% |
| Dec 31, 2011 | 5.12% |
| Sep 30, 2011 | -2.11% |
| Jun 30, 2011 | -79.58% |
| Mar 31, 2011 | -37.51% |
| Dec 31, 2010 | 22.64% |
| Sep 25, 2010 | 13.84% |
| Jun 26, 2010 | -9.73% |
| Mar 27, 2010 | -13.15% |
| Dec 26, 2009 | 53.74% |
| Sep 26, 2009 | 23.67% |
| Jun 27, 2009 | -7.70% |
| Mar 28, 2009 | -5.42% |