FSLRFIRST SOLAR, INC.
Semiconductors & Related Devices
- Revenue
- $5.2B
- 24% YoY
- Operating margin
- 30.6%
- 7.7% YoY
- EBITDA
- $1.6B
- 15% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- -0.9×
- −$1.5B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear135% of net incomeCash flow under 80% of net income
- Dilutive SBCClear0% of revenueOver 10% of revenue
- Payouts exceed cash flowClear0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear0% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $2.9B | $2.6B | $3.3B | $4.2B | $5.2B | 24% |
| Operating income | $587M | −$27M | $857M | $1.4B | $1.6B | 15% |
| Net income | $469M | −$44M | $831M | $1.3B | $1.5B | 18% |
| Operating cash flow | $238M | $873M | $602M | $1.2B | $2.1B | 69% |
| Capex | $540M | $904M | $1.4B | $1.5B | $870M | 43% |
| Stock-based comp | $21M | $29M | $34M | $28M | $19M | 32% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $527K · 11
- Net
- −$527K
Pay vs performance
No pay-versus-performance disclosure yet.