Financials in USD. Standardized financial statements.
A compact view of how First Solar, Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $5.22B | $4.21B | $3.32B | $2.62B | $2.92B | $2.71B | $3.06B | $2.24B | $2.94B | $2.90B |
| Revenue Growth? | +24.1% | +26.7% | +26.7% | -10.4% | +7.8% | -11.5% | +36.5% | -23.7% | +1.3% | 0.0% |
| Cost of Revenue? | $3.10B | $2.35B | $2.02B | $2.55B | $2.19B | $2.03B | $2.51B | $1.85B | $2.39B | $2.27B |
| Gross Profit? | $2.12B | $1.86B | $1.30B | $69.86M | $729.95M | $680.67M | $549.21M | $392.18M | $548.95M | $638.42M |
| Gross Margin? | +40.6% | +44.2% | +39.2% | +2.7% | +25.0% | +25.1% | +17.9% | +17.5% | +18.7% | +22.0% |
| Operating Expenses? | $437.18M | $463.44M | $443.41M | $97.09M | $143.20M | $363.18M | $711.00M | $352.06M | $371.10M | $1.21B |
| Operating Income? | $1.68B | $1.39B | $857.27M | -$27.24M | $586.75M | $317.49M | -$161.78M | $40.11M | $177.85M | -$568.15M |
| EBITDA? | $2.21B | $1.87B | $1.21B | $290.55M | $845.17M | $550.15M | $112.41M | $269.80M | $343.19M | -$285.77M |
| Income Before Tax | $1.58B | $1.41B | $891.29M | $8.60M | $572.16M | $291.06M | -$120.41M | $147.77M | $206.38M | -$392.94M |
| Income Tax Expense | $52.68M | $114.29M | $60.51M | $52.76M | $103.47M | -$107.29M | -$5.48M | $3.44M | $372.00M | $23.17M |
| Net Income? | $1.53B | $1.29B | $830.78M | -$44.17M | $468.69M | $398.36M | -$114.93M | $144.33M | -$165.62M | -$416.11M |
| EPS? | $14.25 | $12.07 | $7.78 | $-0.41 | $4.41 | $3.76 | $-1.09 | $1.38 | $-1.59 | $-3.48 |
| Diluted EPS? | $14.21 | $12.02 | $7.74 | $-0.41 | $4.38 | $3.73 | $-1.09 | $1.36 | $-1.59 | $-3.48 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality