First Solar (FSLR) Net Margin (2009 - 2026)
First Solar posted quarterly Net Margin of 33.19% for Q1 2026, up 838.0% year-on-year from 3.54% in Q1 2025, and up 7.24% on a QoQ basis from 30.95% in Q4 2025.
First Solar (FSLR) has 18 years of Net Margin data on file, last reported at 33.19% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin rose 838.0% year-over-year to 33.19%; the trailing twelve-month figure through Mar 2026 stood at 30.73% (up 101.0% YoY), and the FY2025 full-year result was 29.28%, down 144.0% from the prior year.
- Net Margin for Q1 2026 stood at 33.19%, up from 30.95% in the prior quarter.
- Across five years, Net Margin topped out at 35.26% in Q3 2024 and bottomed at 11.78% in Q1 2022.
- The 5-year median for Net Margin is 28.59% (2025), against an average of 20.9%.
- The widest annual swing landed in 2022, when Net Margin tumbled 3788 bps; it then surged 4132 bps in 2023.
- A 5-year view of Net Margin shows it stood at 0.75% in 2022, then surged by 4103 bps to 30.14% in 2023, then retreated by 14 bps to 25.96% in 2024, then gained by 19 bps to 30.95% in 2025, then rose by 7 bps to 33.19% in 2026.
- The last three Net Margin figures came in at 33.19% (Q1 2026), 30.95% (Q4 2025), and 28.59% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 26.65 Bn | 24.22 Bn | 486.13 Mn | 33.19% |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | 17.10% |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | -7.09% |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | -2.63% |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | -18.48% |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | -41.17% |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | -0.21% |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | -6.06% |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn | -3.78% |
| 10 | Tigo Energy | 288.14 Mn | 276.56 Mn | 10.79 Mn | -6.95% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 13.10% |
| Mar 31, 2021 | 26.10% |
| Dec 31, 2020 | 19.37% |
| Sep 30, 2020 | 16.72% |
| Jun 30, 2020 | 5.70% |
| Mar 31, 2020 | 17.06% |
| Dec 31, 2019 | -4.24% |
| Sep 30, 2019 | 5.59% |
| Jun 30, 2019 | -3.15% |
| Mar 31, 2019 | -12.67% |
| Dec 31, 2018 | 7.61% |
| Sep 30, 2018 | 9.02% |
| Jun 30, 2018 | -276.80% |
| Mar 31, 2018 | 14.93% |
| Dec 31, 2017 | -127.15% |
| Sep 30, 2017 | 18.56% |
| Jun 30, 2017 | 8.02% |
| Mar 31, 2017 | 1.09% |
| Dec 31, 2016 | -268.52% |
| Sep 30, 2016 | 21.43% |
| Jun 30, 2016 | -0.41% |
| Mar 31, 2016 | 21.23% |
| Dec 31, 2015 | 21.70% |
| Sep 30, 2015 | 27.49% |
| Jun 30, 2015 | 10.26% |
| Mar 31, 2015 | -12.95% |
| Dec 31, 2014 | 19.04% |
| Sep 30, 2014 | 10.58% |
| Jun 30, 2014 | 1.20% |
| Mar 31, 2014 | 11.79% |
| Dec 31, 2013 | 8.21% |
| Sep 30, 2013 | 15.41% |
| Jun 30, 2013 | 6.46% |
| Mar 31, 2013 | 7.83% |
| Dec 31, 2012 | 14.34% |
| Sep 30, 2012 | 10.48% |
| Jun 30, 2012 | 11.59% |
| Mar 31, 2012 | -90.42% |
| Dec 31, 2011 | 20.31% |
| Sep 30, 2011 | 19.54% |
| Jun 30, 2011 | 11.48% |
| Mar 31, 2011 | 20.44% |
| Dec 31, 2010 | 25.57% |
| Sep 25, 2010 | 22.17% |
| Jun 26, 2010 | 27.05% |
| Mar 27, 2010 | 30.34% |
| Dec 26, 2009 | 22.08% |
| Sep 26, 2009 | 31.89% |
| Jun 27, 2009 | 34.34% |
| Mar 28, 2009 | 39.36% |