First Solar (FSLR) Price to Sales (2009 - 2026)
First Solar's (FSLR) quarterly Price to Sales came in at 24.01 in Q2 2026, up 48.38% on a YoY basis from 16.18 in Q2 2025, and up 18.28% quarter-over-quarter from 20.3 in Q1 2026.
Analysis
First Solar (FSLR) Price to Sales (2009 - 2026) Analysis & Trends
First Solar (FSLR) has reported Price to Sales for 18 consecutive years, with 24.01 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Price to Sales rose 48.38% year-over-year to 24.01; the trailing twelve-month figure through Jun 2026 stood at 4.72 (up 15.36% YoY), and the FY2025 full-year result was 5.37, up 19.73% from the prior year.
- Price to Sales grew to 24.01 in Q2 2026 per FSLR's latest filing, from 20.3 in the prior quarter.
- Across five years, Price to Sales topped out at 42.38 in Q1 2023 and bottomed at 11.7 in Q2 2022.
- Historically, Price to Sales has averaged 20.91 across 5 years, with a median of 20.92 in 2026.
- The sharpest annual moves came in 2023 and 2025: Price to Sales jumped 114.19% in 2023, then sank 50.68% in 2025.
- Over 5 years, Price to Sales stood at 15.93 in 2022, then slipped by 0.27% to 15.89 in 2023, then slipped by 21.56% to 12.46 in 2024, then jumped by 33.67% to 16.66 in 2025, then jumped by 44.13% to 24.01 in 2026.
- According to Business Quant data, Price to Sales over the past three periods registered 24.01, 20.3, and 16.66 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | First Solar | 21.97 Bn | 20.25 Bn | 605.00 Mn |
| 2 | Nextpower | 12.81 Bn | 11.60 Bn | 335.85 Mn |
| 3 | Enphase Energy | 4.81 Bn | 3.87 Bn | 175.01 Mn |
| 4 | Solaredge Technologies | 2.10 Bn | 1.52 Bn | 95.15 Mn |
| 5 | T1 Energy | 1.29 Bn | 1.14 Bn | 49.10 Mn |
| 6 | Shoals Technologies | 1.20 Bn | 1.18 Bn | 49.53 Mn |
| 7 | Canadian Solar | 896.45 Mn | 597.20 Mn | 168.48 Mn |
| 8 | Array Technologies | 708.44 Mn | 401.13 Mn | 99.60 Mn |
| 9 | JinkoSolar Holding | 627.24 Mn | -480.04 Mn | 75.62 Mn |
| 10 | Toyo | 133.94 Mn | 23.90 Mn | 36.97 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 24.01 |
| Mar 31, 2026 | 20.30 |
| Dec 31, 2025 | 16.66 |
| Sep 30, 2025 | 14.84 |
| Jun 30, 2025 | 16.18 |
| Mar 31, 2025 | 16.05 |
| Dec 31, 2024 | 12.46 |
| Sep 30, 2024 | 30.08 |
| Jun 30, 2024 | 23.88 |
| Mar 31, 2024 | 22.75 |
| Dec 31, 2023 | 15.89 |
| Sep 30, 2023 | 21.55 |
| Jun 30, 2023 | 25.05 |
| Mar 31, 2023 | 42.38 |
| Dec 31, 2022 | 15.93 |
| Sep 30, 2022 | 22.42 |
| Jun 30, 2022 | 11.70 |
| Mar 31, 2022 | 24.32 |
| Dec 31, 2021 | 10.21 |
| Sep 30, 2021 | 17.39 |