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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 (FSLR) has disclosed Gross Margin for 17 consecutive years, with 39.54% as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Gross Margin rose 204.0% year-over-year to 39.54%, compared with a TTM value of 40.62% through Dec 2025, down 354.0%, and an annual FY2025 reading of 40.62%, down 354.0% over the prior year.
  • Gross Margin was 39.54% for Q4 2025 at First Solar, up from 38.29% in the prior quarter.
  • Across five years, Gross Margin topped out at 50.17% in Q3 2024 and bottomed at 3.74% in Q2 2022.
  • Average Gross Margin over 5 years is 30.09%, with a median of 37.89% recorded in 2023.
  • The sharpest move saw Gross Margin crashed -3141bps in 2022, then skyrocketed 4362bps in 2023.
  • Year by year, Gross Margin 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.
  • Business Quant data shows Gross Margin for FSLR at 39.54% in Q4 2025, 38.29% in Q3 2025, and 45.56% in Q2 2025.