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First Solar designs and manufactures solar photovoltaic panels, modules, and systems for use in utility-scale development projects. The company's solar modules use cadmium telluride to convert sunlight into electricity. This is commonly called thin-film technology. First Solar is the world’s largest thin-film solar module manufacturer. It has production lines in Vietnam, Malaysia, the United States, and India.
2006
8.1K+
LTM Revenue $4.6B
LTM EBITDA $2.0B
$16.7B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
First Solar has a last 12-month revenue (LTM) of $4.6B and a last 12-month EBITDA of $2.0B.
In the most recent fiscal year, First Solar achieved revenue of $4.2B and an EBITDA of $1.9B.
First Solar expects next 12-month revenue of XXX and NTM EBITDA of XXX
See First Solar valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $4.6B | XXX | $4.2B | XXX | XXX | XXX |
| Gross Profit | $2.0B | XXX | $1.9B | XXX | XXX | XXX |
| Gross Margin | 43% | XXX | 44% | XXX | XXX | XXX |
| EBITDA | $2.0B | XXX | $1.9B | XXX | XXX | XXX |
| EBITDA Margin | 44% | XXX | 44% | XXX | XXX | XXX |
| EBIT | $1.5B | XXX | $1.4B | XXX | XXX | XXX |
| EBIT Margin | 34% | XXX | 33% | XXX | XXX | XXX |
| Net Profit | $1.4B | XXX | $1.3B | XXX | XXX | XXX |
| Net Margin | 31% | XXX | 31% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
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As of May 30, 2025, First Solar's stock price is $158.
First Solar has current market cap of $17.0B, and EV of $16.7B.
See First Solar trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $16.7B | $17.0B | XXX | XXX | XXX | XXX | $13.28 |
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Start Free TrialAs of May 30, 2025, First Solar has market cap of $17.0B and EV of $16.7B.
First Solar's trades at 4.0x EV/Revenue multiple, and 8.9x EV/EBITDA.
Equity research analysts estimate First Solar's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
First Solar has a P/E ratio of 11.9x.
See valuation multiples for First Solar and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $17.0B | XXX | $17.0B | XXX | XXX | XXX |
| EV (current) | $16.7B | XXX | $16.7B | XXX | XXX | XXX |
| EV/Revenue | 3.7x | XXX | 4.0x | XXX | XXX | XXX |
| EV/EBITDA | 8.4x | XXX | 8.9x | XXX | XXX | XXX |
| EV/EBIT | 10.9x | XXX | 12.0x | XXX | XXX | XXX |
| EV/Gross Profit | 8.5x | XXX | n/a | XXX | XXX | XXX |
| P/E | 11.9x | XXX | 13.1x | XXX | XXX | XXX |
| EV/FCF | -64.9x | XXX | -54.2x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialFirst Solar's last 12 month revenue growth is 20%
First Solar's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.1M for the same period.
First Solar's rule of 40 is 57% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
First Solar's rule of X is 95% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for First Solar and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 20% | XXX | 20% | XXX | XXX | XXX |
| EBITDA Margin | 44% | XXX | 44% | XXX | XXX | XXX |
| EBITDA Growth | 30% | XXX | 35% | XXX | XXX | XXX |
| Rule of 40 | 57% | XXX | 65% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 95% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.5M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | 5% | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 11% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| SBM Offshore | XXX | XXX | XXX | XXX | XXX | XXX |
| Friedrich Vorwerk Group | XXX | XXX | XXX | XXX | XXX | XXX |
| GE Vernova T&D India | XXX | XXX | XXX | XXX | XXX | XXX |
| Suzlon Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Inox Wind | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
First Solar acquired XXX companies to date.
Last acquisition by First Solar was XXXXXXXX, XXXXX XXXXX XXXXXX . First Solar acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Start Free Trial| When was First Solar founded? | First Solar was founded in 2006. |
| Where is First Solar headquartered? | First Solar is headquartered in United States of America. |
| How many employees does First Solar have? | As of today, First Solar has 8.1K+ employees. |
| Who is the CEO of First Solar? | First Solar's CEO is Mr. Mark R. Widmar. |
| Is First Solar publicy listed? | Yes, First Solar is a public company listed on NAS. |
| What is the stock symbol of First Solar? | First Solar trades under FSLR ticker. |
| When did First Solar go public? | First Solar went public in 2006. |
| Who are competitors of First Solar? | Similar companies to First Solar include e.g. SBM Offshore, Friedrich Vorwerk Group, GE Vernova T&D India, Suzlon Energy. |
| What is the current market cap of First Solar? | First Solar's current market cap is $17.0B |
| What is the current revenue of First Solar? | First Solar's last 12 months revenue is $4.6B. |
| What is the current revenue growth of First Solar? | First Solar revenue growth (NTM/LTM) is 20%. |
| What is the current EV/Revenue multiple of First Solar? | Current revenue multiple of First Solar is 3.7x. |
| Is First Solar profitable? | Yes, First Solar is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of First Solar? | First Solar's last 12 months EBITDA is $2.0B. |
| What is First Solar's EBITDA margin? | First Solar's last 12 months EBITDA margin is 44%. |
| What is the current EV/EBITDA multiple of First Solar? | Current EBITDA multiple of First Solar is 8.4x. |
| What is the current FCF of First Solar? | First Solar's last 12 months FCF is -$257M. |
| What is First Solar's FCF margin? | First Solar's last 12 months FCF margin is -6%. |
| What is the current EV/FCF multiple of First Solar? | Current FCF multiple of First Solar is -64.9x. |
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