First Solar (FSLR) Net Margin (2009 - 2026)
First Solar's (FSLR) quarterly Net Margin came in at 40.01% in Q2 2026, up 885.0% on a YoY basis from 4.06% in Q2 2025, and up 20.53% quarter-over-quarter from 33.19% in Q1 2026.
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First Solar (FSLR) Net Margin (2009 - 2026) Analysis & Trends
First Solar (FSLR) has reported Net Margin for 18 consecutive years, with 40.01% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Net Margin rose 885.0% year-over-year to 40.01%; the trailing twelve-month figure through Jun 2026 stood at 32.47% (up 351.0% YoY), and the FY2025 full-year result was 29.28%, down 144.0% from the prior year.
- Net Margin rose to 40.01% in Q2 2026 per FSLR's latest filing, from 33.19% in the prior quarter.
- Across five years, Net Margin topped out at 40.01% in Q2 2026 and bottomed at 11.78% in Q1 2022.
- Historically, Net Margin has averaged 21.97% across 5 years, with a median of 29.19% in 2024.
- The sharpest annual moves came in 2022 and 2023: Net Margin slumped 3788 bps in 2022, then soared 4132 bps in 2023.
- Over 5 years, Net Margin stood at 0.75% in 2022, then soared by 4103 bps to 30.14% in 2023, then decreased by 14 bps to 25.96% in 2024, then advanced by 19 bps to 30.95% in 2025, then grew by 29 bps to 40.01% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 40.01%, 33.19%, and 30.95% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.21 Bn | 20.48 Bn | 605.00 Mn | 40.01% |
| 2 | Nextpower | 12.31 Bn | 11.10 Bn | 335.85 Mn | 17.68% |
| 3 | Enphase Energy | 4.89 Bn | 3.95 Bn | 175.01 Mn | 12.36% |
| 4 | Solaredge Technologies | 2.19 Bn | 1.61 Bn | 95.15 Mn | -8.88% |
| 5 | T1 Energy | 1.31 Bn | 1.10 Bn | 49.10 Mn | -17.80% |
| 6 | Shoals Technologies | 1.19 Bn | 1.17 Bn | 49.53 Mn | 7.43% |
| 7 | Canadian Solar | 878.49 Mn | -588.02 Mn | 168.48 Mn | -6.36% |
| 8 | Array Technologies | 699.32 Mn | 392.02 Mn | 99.60 Mn | 2.47% |
| 9 | JinkoSolar Holding | 609.08 Mn | -2.07 Bn | 75.62 Mn | -5.64% |
| 10 | Toyo | 132.14 Mn | 22.09 Mn | 36.97 Mn | 14.73% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 40.01% |
| Mar 31, 2026 | 33.19% |
| Dec 31, 2025 | 30.95% |
| Sep 30, 2025 | 28.59% |
| Jun 30, 2025 | 31.16% |
| Mar 31, 2025 | 24.81% |
| Dec 31, 2024 | 25.96% |
| Sep 30, 2024 | 35.26% |
| Jun 30, 2024 | 34.57% |
| Mar 31, 2024 | 29.80% |
| Dec 31, 2023 | 30.14% |
| Sep 30, 2023 | 33.50% |
| Jun 30, 2023 | 21.04% |
| Mar 31, 2023 | 7.76% |
| Dec 31, 2022 | -0.75% |
| Sep 30, 2022 | -7.82% |
| Jun 30, 2022 | 8.99% |
| Mar 31, 2022 | -11.78% |
| Dec 31, 2021 | 14.48% |
| Sep 30, 2021 | 7.75% |