FrançaisFirst Solar (FSLR): financial analysis & fundamentals
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Valuation & profitability
| Metric | Value | What it means |
|---|---|---|
| P/E (price / earnings) | 12.9 | The higher, the more growth the market expects. |
| Forward P/E | 9.1 | On next year's expected earnings. Lower than current P/E = rising earnings. |
| PEG (P/E ÷ growth) | 0.56 | Below 1 = cheap given growth; above 2 = expensive. |
| Net margin | 32% | Share of revenue that ends up as profit. |
| Revenue growth | -4% | Pace of revenue growth. |
| Price-to-book | 2.2 | Price relative to book value. |
| Market cap | $22.6 B | Total market value of the company. |
| Dividend yield | — | No dividend currently. |
Income statement (by year)
| Year | Revenue | Net income | Net margin |
|---|---|---|---|
| 2022 | $2.6 B | $-44 M | -2% |
| 2023 | $3.3 B | $831 M | 25% |
| 2024 | $4.2 B | $1.3 B | 31% |
| 2025 | $5.2 B | $1.5 B | 29% |
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Frequently asked questions
Is First Solar stock expensive?
First Solar has a P/E of 12.9 (forward P/E 9.1) and a PEG of 0.56. A PEG below 1 is rather cheap given growth, above 2 is expensive. Verdict: rather cheap given growth.
What is First Solar's net margin?
First Solar's net margin is about 32% — the share of revenue that ends up as net profit.
What is First Solar's revenue?
Latest known revenue: $5.2 B for net income of $1.5 B. The year-by-year breakdown is in the income statement above.
What is First Solar's market cap?
First Solar (FSLR) has a market cap of about $22.6 B.
Does First Solar pay a dividend?
No, First Solar does not currently pay a dividend (it reinvests earnings).
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⚠️ Educational information, not investment advice. Data: Yahoo Finance, recomputed by JPI Invest. A stock can be « cheap » for a bad reason.