Stocktoria
FIRST SOLAR, INC. FSLR
FIRST SOLAR, INC. financials (annual)
Bars are annual figures from 2016 to 2025; red bars are negative (a loss or cash outflow).
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.2B | $4.2B | $3.3B | $2.6B | $2.9B | $2.7B | $3.1B | $2.2B | $2.9B | $2.9B |
| Gross profit | $2.1B | $1.9B | $1.3B | $69.9M | $730.0M | $680.7M | $549.2M | $392.2M | $548.9M | $638.4M |
| R&D expense | $233.4M | $191.4M | $152.3M | $112.8M | $99.1M | $93.7M | $96.6M | $84.5M | $88.6M | $124.8M |
| SG&A expense | $203.8M | $188.3M | $197.6M | $164.7M | $170.3M | $222.9M | $205.5M | $176.9M | $202.7M | $262.0M |
| Operating income | $1.6B | $1.4B | $857.3M | -$27.2M | $586.8M | $317.5M | -$161.8M | $40.1M | $177.9M | -$568.2M |
| Interest expense | — | — | $13.0M | $12.2M | $13.1M | $24.0M | $27.1M | $25.9M | $25.8M | $20.5M |
| Income tax | $52.7M | $114.3M | $60.5M | $52.8M | $103.5M | -$107.3M | -$5.5M | $3.4M | $372.0M | $23.2M |
| Net income | $1.5B | $1.3B | $830.8M | -$44.2M | $468.7M | $398.4M | -$114.9M | $144.3M | -$165.6M | -$416.1M |
| EPS (diluted) | $14.21 | $12.02 | $7.74 | $-0.41 | $4.38 | $3.73 | $-1.09 | $1.36 | $-1.59 | $-4.05 |
| Operating cash flow | $2.1B | $1.2B | $602.3M | $873.4M | $237.6M | $37.1M | $174.2M | -$326.8M | $1.3B | $206.8M |
| Free cash flow | $1.2B | -$308.1M | -$784.5M | -$30.2M | -$302.7M | -$379.5M | -$494.5M | -$1.1B | $826.3M | -$22.7M |
| Cash & equivalents | $2.8B | $1.6B | $1.9B | $1.5B | $1.5B | $1.2B | $1.4B | $1.4B | $2.3B | $1.3B |
| Inventory | $736.7M | $1.1B | $819.9M | $621.4M | $666.3M | $567.6M | $443.5M | $387.9M | $172.4M | $363.2M |
| Total assets | $13.3B | $12.1B | $10.4B | $8.3B | $7.4B | $7.1B | $7.5B | $7.1B | $6.9B | $6.8B |
| Total liabilities | $3.8B | $4.1B | $3.7B | $2.4B | $1.5B | $1.6B | $2.4B | $1.9B | $1.8B | $1.6B |
| Shareholders' equity | $9.5B | $8.0B | $6.7B | $5.8B | $6.0B | $5.5B | $5.1B | $5.2B | $5.1B | $5.2B |
Growth · year-over-year · Revenue CAGR 6.7%
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth | +24.1% | +26.7% | +26.7% | -10.4% | +7.8% | -11.5% | +36.5% | -23.7% | +1.3% | -29.4% |
| Net income growth | +18.3% | +55.5% | — | -109.4% | +17.7% | — | -179.6% | — | — | -170.1% |
| EPS growth | +18.2% | +55.3% | — | -109.4% | +17.4% | — | -180.1% | — | — | -169.5% |
| Free cash flow growth | — | — | — | — | — | — | — | -229.1% | — | — |
Each column is the change versus the prior fiscal year. Growth off a negative or zero base is shown as “—”. CAGR is the compound annual revenue growth across the years shown.
Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.