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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) Net Margin (2016 - 2025)

First Solar's Net Margin history spans 17 years, with the latest figure at 30.95% for Q4 2025.

  • For Q4 2025, Net Margin rose 499.0% year-over-year to 30.95%; the TTM value through Dec 2025 reached 29.28%, down 144.0%, while the annual FY2025 figure was 29.28%, 144.0% down from the prior year.
  • Net Margin reached 30.95% in Q4 2025 per FSLR's latest filing, up from 28.59% in the prior quarter.
  • In the past five years, Net Margin ranged from a high of 35.26% in Q3 2024 to a low of 11.78% in Q1 2022.
  • Average Net Margin over 5 years is 19.18%, with a median of 25.39% recorded in 2024.
  • Peak YoY movement for Net Margin: tumbled -3788bps in 2022, then soared 4132bps in 2023.
  • A 5-year view of Net Margin shows it stood at 14.48% in 2021, then crashed by -105bps to 0.75% in 2022, then soared by 4103bps to 30.14% in 2023, then decreased by -14bps to 25.96% in 2024, then increased by 19bps to 30.95% in 2025.
  • Per Business Quant, the three most recent readings for FSLR's Net Margin are 30.95% (Q4 2025), 28.59% (Q3 2025), and 31.16% (Q2 2025).