Switch theme
Sign up to access all valuation multiples
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
$13.0B
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 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| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $3.3B | $4.2B | XXX | XXX | XXX |
| Gross Profit | $69.9M | $1.3B | XXX | XXX | XXX |
| Gross Margin | 2% | 31% | XXX | XXX | XXX |
| EBITDA | $1.2B | $1.9B | XXX | XXX | XXX |
| EBITDA Margin | 37% | 44% | XXX | XXX | XXX |
| Net Profit | -$44.2M | $831M | XXX | XXX | XXX |
| Net Margin | -1% | 20% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
As of April 15, 2025, First Solar's stock price is $131.
First Solar has current market cap of $14.1B, and EV of $13.0B.
See First Solar trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $13.0B | $14.1B | XXX | XXX | XXX | XXX | $13.73 |
Sign up to access valuation multiples like growth-adjusted P/E, next 12-month EV/Revenue, EBITDA multiples by industry and many more
Sign UpAs of April 15, 2025, First Solar has market cap of $14.1B and EV of $13.0B.
First Solar's trades at 2.8x LTM EV/Revenue multiple, and 6.4x LTM EBITDA.
Analysts estimate First Solar's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for First Solar and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $13.0B | XXX | XXX | XXX |
| EV/Revenue | 3.1x | XXX | XXX | XXX |
| EV/EBITDA | 7.0x | XXX | XXX | XXX |
| P/E | 10.9x | XXX | XXX | XXX |
| P/E/Growth | 0.2x | XXX | XXX | XXX |
| EV/FCF | -42.2x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpFirst Solar's NTM/LTM revenue growth is 27%
First Solar's revenue per employee for the last fiscal year averaged $0.5M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, First Solar's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate First Solar's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for First Solar and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 27% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 44% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 54% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 71% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.5M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 5% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 11% | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
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.
Sign Up| 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 $14.1B |
| What is the current revenue of First Solar? | First Solar's last 12-month revenue is $4.6B. |
| What is the current EBITDA of First Solar? | First Solar's last 12-month EBITDA is $2.0B. |
| What is the current EV/Revenue multiple of First Solar? | Current revenue multiple of First Solar is 2.8x. |
| What is the current EV/EBITDA multiple of First Solar? | Current EBITDA multiple of First Solar is 6.4x. |
| What is the current revenue growth of First Solar? | First Solar revenue growth between 2023 and 2024 was 27%. |
| Is First Solar profitable? | Yes, First Solar is EBITDA-positive (as of the last 12 months). |
Get access to always up-to-date, precisely categorized 70K+ public and private valuation multiples, across tech and beyond.
