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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

First Solar (FSLR) Gross Margin (2016 - 2025)

First Solar's Gross Margin history spans 17 years, with the latest figure at 39.54% for Q4 2025.

  • For Q4 2025, Gross Margin rose 204.0% year-over-year to 39.54%; the TTM value through Dec 2025 reached 40.62%, down 354.0%, while the annual FY2025 figure was 40.62%, 354.0% down from the prior year.
  • Gross Margin reached 39.54% in Q4 2025 per FSLR's latest filing, up from 38.29% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 50.17% in Q3 2024 to a low of 3.74% in Q2 2022.
  • Average Gross Margin over 5 years is 30.09%, with a median of 37.89% recorded in 2023.
  • Peak YoY movement for Gross Margin: crashed -3141bps in 2022, then skyrocketed 4362bps in 2023.
  • A 5-year view of Gross Margin shows it stood at 27.17% in 2021, then crashed by -78bps to 6.05% in 2022, then skyrocketed by 617bps to 43.33% in 2023, then decreased by -13bps to 37.49% in 2024, then rose by 5bps to 39.54% in 2025.
  • Per Business Quant, the three most recent readings for FSLR's Gross Margin are 39.54% (Q4 2025), 38.29% (Q3 2025), and 45.56% (Q2 2025).