Growth Metrics

First Solar (FSLR) Tax Rate (2009 - 2026)

First Solar posted quarterly Tax Rate of 2.18% for Q1 2026, down 129.0% year-on-year from 7.51% in Q1 2025, and down 60.59% on a QoQ basis from 5.52% in Q4 2025.

First Solar (FSLR) has 18 years of Tax Rate data on file, last reported 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.
  • Across five years, Tax Rate topped out at 60.03% in Q2 2022 and bottomed at 19.31% in Q1 2023.
  • The 5-year median for Tax Rate is 7.29% (2023), against an average of 8.69%.
  • The widest annual swing landed in 2022, when Tax Rate soared 4023 bps; it then tumbled 5053 bps in 2023.
  • A 5-year view of Tax Rate shows it stood at 14.85% in 2022, then soared by 149 bps to 7.29% in 2023, then jumped by 64 bps to 11.93% in 2024, then tumbled by 54 bps to 5.52% in 2025, then tumbled 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 26.65 Bn 24.22 Bn 486.13 Mn 2.18
2 Nextpower 17.99 Bn 16.90 Bn 297.38 Mn 5.66
3 Canadian Solar 15.11 Bn 15.69 Bn 124.40 Mn -62.89
4 Enphase Energy 8.19 Bn 7.26 Bn 100.39 Mn 46.43
5 Solaredge Technologies 3.80 Bn 3.25 Bn 68.28 Mn -2.29
6 Sunrun 3.38 Bn 4.27 Bn 543.70 Mn -2.43
7 Shoals Technologies 1.60 Bn 1.60 Bn 41.01 Mn 23.06
8 Array Technologies 1.25 Bn 1.05 Bn 63.00 Mn 50.91
9 JinkoSolar Holding 677.44 Mn 2.29 Bn 147.66 Mn -31.47
10 Tigo Energy 288.14 Mn 276.56 Mn 10.79 Mn 8.57

Historic Data

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DateValue
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
Sep 30, 2023 7.60
Sep 30, 2023 7.60
Jun 30, 2023 9.49
Jun 30, 2023 9.49
Mar 31, 2023 -19.31
Mar 31, 2023 -19.31
Dec 31, 2022 -14.85
Dec 31, 2022 -14.85
Sep 30, 2022 20.29
Sep 30, 2022 20.29
Jun 30, 2022 60.03
Jun 30, 2022 60.03
Mar 31, 2022 31.07
Mar 31, 2022 31.07
Dec 31, 2021 21.41
Dec 31, 2021 21.41
Sep 30, 2021 1.82
Sep 30, 2021 1.82
Jun 30, 2021 19.79
Jun 30, 2021 19.79
Mar 31, 2021 18.15
Mar 31, 2021 18.15
Dec 31, 2020 -128.73
Dec 31, 2020 -128.73
Sep 30, 2020 19.72
Sep 30, 2020 19.72
Jun 30, 2020 21.81
Jun 30, 2020 21.81
Mar 31, 2020 -5,657.26
Mar 31, 2020 -5,657.26
Dec 31, 2019 34.22
Dec 31, 2019 34.22
Sep 30, 2019 32.98
Sep 30, 2019 32.98
Jun 30, 2019 -175.10
Jun 30, 2019 -175.10
Mar 31, 2019 2.03
Mar 31, 2019 2.03
Dec 31, 2018 -9.16
Dec 31, 2018 -9.16
Sep 30, 2018 3.78
Sep 30, 2018 3.78
Jun 30, 2018 6.51
Jun 30, 2018 6.51
Mar 31, 2018 12.07
Mar 31, 2018 12.07
Dec 31, 2017 -1,227.23
Dec 31, 2017 -1,227.23
Sep 30, 2017 3.62
Sep 30, 2017 3.62
Jun 30, 2017 -401.65
Jun 30, 2017 -401.65
Mar 31, 2017 36.97
Mar 31, 2017 36.97
Dec 31, 2016 -6.74
Dec 31, 2016 -6.74
Sep 30, 2016 -87.69
Sep 30, 2016 -87.69
Jun 30, 2016 230.27
Jun 30, 2016 230.27
Mar 31, 2016 13.10
Mar 31, 2016 13.10
Dec 31, 2015 6.75
Dec 31, 2015 6.75
Sep 30, 2015 12.18
Sep 30, 2015 12.18
Jun 30, 2015 -56.88
Jun 30, 2015 -56.88
Mar 31, 2015 8.96
Mar 31, 2015 8.96
Dec 31, 2014 5.21
Dec 31, 2014 5.21
Sep 30, 2014 -7.97
Sep 30, 2014 -7.97
Jun 30, 2014 -49.61
Jun 30, 2014 -49.61
Mar 31, 2014 20.49
Mar 31, 2014 20.49
Dec 31, 2013 2.98
Dec 31, 2013 2.98
Sep 30, 2013 6.54
Sep 30, 2013 6.54
Jun 30, 2013 18.18
Jun 30, 2013 18.18
Mar 31, 2013 10.65
Mar 31, 2013 10.65
Dec 31, 2012 9.61
Dec 31, 2012 9.61
Sep 30, 2012 20.62
Sep 30, 2012 20.62
Jun 30, 2012 18.00
Jun 30, 2012 18.00
Mar 31, 2012 1.55
Mar 31, 2012 1.55
Dec 31, 2011 11.76
Dec 31, 2011 11.76
Sep 30, 2011 11.78
Sep 30, 2011 11.78
Jun 30, 2011 15.04
Jun 30, 2011 15.04
Mar 31, 2011 12.81
Mar 31, 2011 12.81
Dec 31, 2010 10.05
Dec 31, 2010 10.05
Sep 25, 2010 16.93
Sep 25, 2010 16.93
Jun 26, 2010 11.86
Jun 26, 2010 11.86
Mar 27, 2010 11.78
Mar 27, 2010 11.78
Dec 26, 2009 5.79
Dec 26, 2009 5.79
Sep 26, 2009 7.05
Sep 26, 2009 7.05
Jun 27, 2009 10.29
Jun 27, 2009 10.29
Mar 28, 2009 3.03
Mar 28, 2009 3.03