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% YoY from 4.06% in Q2 2025, and up 20.53% on a QoQ basis from 33.19% in Q1 2026.
First Solar (FSLR) Net Margin (2009 - 2026) Analysis & Trends
First Solar (FSLR) has 18 years of Net Margin data on file, last reported at 40.01% in Q2 2026.
- Quarterly Net Margin rose 885.0% year-over-year to 40.01% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 32.47% (up 351.0% YoY) and the FY2025 annual result came in at 29.28%, down 144.0% from the prior year.
- Net Margin advanced to 40.01% in Q2 2026, from 33.19% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 40.01% in Q2 2026 to a low of 11.78% in Q1 2022.
- A 5-year average of 21.97% and a median of 29.19% in 2024 frame the typical range for Net Margin.
- Annual changes were most pronounced in 2022 — Net Margin sank 3788 bps — and 2023, when it surged 4132 bps.
- Tracing FSLR's Net Margin over 5 years: stood at 0.75% in 2022, then jumped by 4103 bps to 30.14% in 2023, then fell by 14 bps to 25.96% in 2024, then rose by 19 bps to 30.95% in 2025, then advanced by 29 bps to 40.01% in 2026.
- The last three Net Margin figures came in at 40.01% (Q2 2026), 33.19% (Q1 2026), and 30.95% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.18 Bn | 21.45 Bn | 605.00 Mn | 40.01% |
| 2 | Nextpower | 13.04 Bn | 11.83 Bn | 335.85 Mn | 17.68% |
| 3 | Enphase Energy | 5.06 Bn | 4.12 Bn | 175.01 Mn | 12.36% |
| 4 | Sunrun | 2.21 Bn | 2.21 Bn | 527.54 Mn | -23.93% |
| 5 | Solaredge Technologies | 1.91 Bn | 1.32 Bn | 95.15 Mn | -8.88% |
| 6 | Shoals Technologies | 1.22 Bn | 1.20 Bn | 49.53 Mn | 7.43% |
| 7 | Canadian Solar | 983.58 Mn | -604.71 Mn | 124.40 Mn | -7.09% |
| 8 | JinkoSolar Holding | 840.02 Mn | -2.47 Bn | 147.66 Mn | 129.61% |
| 9 | Array Technologies | 727.02 Mn | 419.71 Mn | 99.60 Mn | 2.47% |
| 10 | Toyo | 178.60 Mn | 101.96 Mn | 47.76 Mn | 19.90% |
Historic Data
Download 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% |