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First Solar, Inc. (FSLR) Market Cap & Valuation Ratios

First Solar, Inc. (FSLR) has a market cap of $18.5B, a trailing P/E of 10.6 and a price-to-sales ratio of 3.4, with earnings according to EquiReason's reading of its SEC filings.

Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason

FSLRFirst Solar, Inc.Follow FSLR — free
Solar · Technology
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Price chart with a free account
Market cap
18.5B
P/E TTM
10.6
Dividend yield
—
52-week
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Next earnings
29 Oct, in 5 days

Peers

solar · nearest by market cap · trailing 12 months
CompanyMkt cap, $BP/EEV/SalesEV/EBITDAFCF yieldRev. growthOp. marginROIC
FSLR1810.63.17.08.1%+24%34%21%
NXT1220.43.014.64.6%+17%19%48%
ENPH4.231.92.919.83.7%-10%8%6%
RUN1.85.14.618.9-11.3%+63%3%0.4%
SHLS1.339.92.518.6-4.0%+47%11%6%
CSIQ0.6—1.211.0—-7%0.8%0.4%
ARRY0.5—0.7——+1%-5%-31%
Median of these 626.22.718.6-0.2%+9%5%3%

P/E 10.6 vs. a peer median of 26.2; EV/Sales 3.1 vs. 2.7. FSLR's own P/E sits at the 2nd percentile of its history.

Growth vs. price

each dot a company · hover or tap for values
51020500%+25%+50%revenue growth, TTM →P/E (log)FSLRNXTENPHRUNSHLS

CSIQ and ARRY have no P/E (earnings not positive) and are left out · hover or tap a dot for values.

First Solar, Inc. — questions

What is First Solar, Inc.'s market cap?
$18.5B.
What is First Solar, Inc.'s P/E ratio?
10.6 on trailing twelve-month earnings to 2026-06-30.
What is First Solar, Inc.'s price-to-sales ratio?
3.4.

Every figure on this page comes from First Solar, Inc.'s own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.

How these figures are read: methodology · EquiReason.