FSLR
First Solar, Inc.
Stock
$174.61+2.50 (+1.45%)Close Oct 2, 2026
Income statement
| Line | Last 12 months | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.4B | $5.2B | $4.2B | $3.3B | $2.6B | $2.9B | $2.7B | $3.1B | $2.2B | $2.9B | $2.9B | $4.1B | $3.4B | $3.3B | $3.4B | $2.8B | $2.6B | $2.1B | $1.2B |
| Cost of revenue | $3.0B | $3.1B | $2.3B | $2.0B | $2.5B | $2.2B | $2.0B | $2.5B | $1.9B | $2.4B | $2.3B | $3.0B | $2.6B | $2.4B | $2.5B | $1.8B | $1.4B | $1.0B | $568M |
| Gross profit | $2.4B | $2.1B | $1.9B | $1.3B | $70M | $730M | $681M | $549M | $392M | $549M | $638M | $1.1B | $825M | $865M | $853M | $972M | $1.2B | $1.0B | $678M |
| R&D | $270M | $233M | $191M | $152M | $113M | $99M | $94M | $97M | $84M | $89M | $125M | $131M | $144M | $134M | $132M | $141M | $95M | $78M | $34M |
| SG&A | $215M | $204M | $188M | $198M | $165M | $170M | $223M | $205M | $177M | $203M | $262M | $255M | $254M | $270M | $281M | $413M | $322M | $273M | $174M |
| Other operating expenses | $73M | $86M | $84M | $93M | — | — | $47M | $409M | $91M | $80M | $820M | $17M | $5.1M | $90M | $477M | $487M | $19M | $14M | $32M |
| Operating income | $1.8B | $1.6B | $1.4B | $857M | −$27M | $587M | $317M | −$162M | $40M | $178M | −$568M | $730M | $422M | $370M | −$38M | −$69M | $749M | $680M | $438M |
| Non-operating income | $16M | −$16M | $12M | $34M | $36M | −$15M | −$24M | $42M | $73M | $24M | $31M | $3.2M | $10M | $11M | −$2.2M | $15M | $13M | $6.7M | $25M |
| Pretax income | $1.8B | $1.6B | $1.4B | $891M | $8.6M | $572M | $293M | −$120M | $113M | $202M | −$537M | $733M | $432M | $381M | −$40M | −$54M | $762M | $686M | $464M |
| Taxes | $79M | $53M | $114M | $61M | $53M | $103M | −$105M | −$5.2M | −$31M | $368M | −$121M | $140M | $36M | $30M | $57M | −$14M | $98M | $46M | $115M |
| Net income | $1.7B | $1.5B | $1.3B | $831M | −$44M | $469M | $398M | −$115M | $144M | −$166M | −$416M | $593M | $396M | $351M | −$96M | −$39M | $664M | $640M | $348M |
| Diluted EPS | $16.22 | $14.21 | $12.02 | $7.74 | −$0.41 | $4.38 | $3.73 | −$1.09 | $1.36 | −$1.59 | −$4.05 | $5.83 | $3.90 | $3.67 | −$1.11 | −$0.46 | $7.68 | $7.53 | $4.24 |
| Diluted shares | — | 107.5M | 107.5M | 107.4M | 106.6M | 106.9M | 106.7M | 105.3M | 106.1M | 104.3M | 102.9M | 101.8M | 101.6M | 95.5M | 86.9M | 86.1M | 86.5M | 85.0M | 82.1M |
| Revenue growth | — | +24.1% | +26.7% | +26.7% | −10.4% | +7.8% | −11.5% | +36.5% | −23.7% | +1.3% | −29.4% | +21.3% | +2.5% | −1.7% | +21.8% | +7.9% | +24.1% | +65.8% | — |
| Gross margin | 44.0% | 40.6% | 44.2% | 39.2% | 2.7% | 25.0% | 25.1% | 17.9% | 17.5% | 18.7% | 22.0% | 27.5% | 24.3% | 26.1% | 25.3% | 35.1% | 46.2% | 50.6% | 54.4% |
| Operating margin | 33.6% | 30.6% | 33.2% | 25.8% | −1.0% | 20.1% | 11.7% | −5.3% | 1.8% | 6.0% | −19.6% | 17.8% | 12.4% | 11.2% | −1.1% | −2.5% | 29.2% | 32.9% | 35.2% |
| Net margin | 32.5% | 29.3% | 30.7% | 25.0% | −1.7% | 16.0% | 14.7% | −3.8% | 6.4% | −5.6% | −14.3% | 14.4% | 11.7% | 10.6% | −2.9% | −1.4% | 25.9% | 31.0% | 27.9% |