First Solar (FSLR) Tax Rate (2009 - 2026)
First Solar (FSLR) reported Tax Rate of 2.18% for Q1 2026, down 129.0% on a YoY basis from 7.51% in Q1 2025, and down 60.59% quarter-over-quarter from 5.52% in Q4 2025.
First Solar (FSLR) Tax Rate (2009 - 2026) Analysis & Trends
First Solar has reported Tax Rate for 18 years, with the latest figure at 2.18% in Q1 2026.
- For the quarter ending Q1 2026, Tax Rate fell 129.0% year-over-year to 2.18%; the trailing twelve-month figure through Mar 2026 stood at 3.08% (down 445.0% YoY), and the FY2025 full-year result was 3.33%, down 479.0% from the prior year.
- Tax Rate for Q1 2026 stood at 2.18%, down from 5.52% in the prior quarter.
- The five-year high for Tax Rate was 60.03% in Q2 2022, with the low at 19.31% in Q1 2023.
- Historically, Tax Rate has averaged 8.69% across 5 years, with a median of 7.29% in 2023.
- Annual changes were most pronounced in 2022 — Tax Rate soared 4023 bps — and 2023, when it sank 5053 bps.
- First Solar's Tax Rate stood at 14.85% in 2022, then surged by 149 bps to 7.29% in 2023, then soared by 64 bps to 11.93% in 2024, then plunged by 54 bps to 5.52% in 2025, then plunged by 61 bps to 2.18% in 2026.
- The last three Tax Rate figures came in at 2.18% (Q1 2026), 5.52% (Q4 2025), and 0.96% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 28.68 Bn | 26.25 Bn | 486.13 Mn | 2.18% |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | 5.66% |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | 46.43% |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | -2.29% |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | -2.43% |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | 23.06% |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | 50.91% |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn | -31.47% |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn | 8.57% |
| 10 | Skycorp Solar | 110.38 Mn | 103.60 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.18% |
| Mar 31, 2026 | 2.18% |
| Dec 31, 2025 | 5.52% |
| Dec 31, 2025 | 5.52% |
| Sep 30, 2025 | 0.96% |
| Sep 30, 2025 | 0.96% |
| Jun 30, 2025 | 2.92% |
| Jun 30, 2025 | 2.92% |
| Mar 31, 2025 | 3.47% |
| Mar 31, 2025 | 3.47% |
| Dec 31, 2024 | 11.93% |
| Dec 31, 2024 | 11.93% |
| Sep 30, 2024 | 4.39% |
| Sep 30, 2024 | 4.39% |
| Jun 30, 2024 | 7.36% |
| Jun 30, 2024 | 7.36% |
| Mar 31, 2024 | 7.40% |
| Mar 31, 2024 | 7.40% |
| Dec 31, 2023 | 7.29% |
| Dec 31, 2023 | 7.29% |