First Solar, Inc.
PosiFunda Ratios Only on PositoAI
PositoAI's own ratios from First Solar, Inc.'s yearly results (2022–2025), compared with Technology companies in United States. Tap ? on any ratio for what it means.
What stands out
- Tangible Net Worth Ratio: Of every $100 of net worth, $99 is tangible; the rest is goodwill and other intangibles, often from buying other companies. More tangible than 94% of Technology companies in United States.
- Tangible Assets Ratio: Of every $100 the company owns, $99 is in tangible assets such as plants, cash, stock and receivables; the rest is goodwill and other intangibles. More tangible than 93% of Technology companies in United States.
- Steadiness Ratio: Sales and profit both grew in each of the last 3 years. Steadier than 93% of Technology companies in United States.
Where $100 of sales goes
Latest year (Dec 2025). Taxes and other income are not shown, so the parts need not add up to 100.
Cash quality
Profit Cash Ratio
$106Over the last 3 years, every $100 of reported profit came with $106 of operating cash.
Lower than 84% of Technology companies in United States.
Self-Funding Ratio
1.0×Over the last 3 years its own operating cash covered its investment spending (capex) 1.0 times.
Lower than 67% of Technology companies in United States.
Cash Locked Ratio
$49For every $100 of sales, $49 is tied up in day-to-day operations (money owed by customers + stock − money owed to suppliers), against $28 tied up three years earlier.
More money tied up than 88% of Technology companies in United States.
Growth quality
Steadiness Ratio
3/3 · 3/3Sales and profit both grew in each of the last 3 years.
Steadier than 93% of Technology companies in United States.
Growth Efficiency Ratio
$60Sales grew 99% in 3 years; of every extra $100 of sales, $60 became extra profit.
Higher than 76% of Technology companies in United States.
Asset Productivity Ratio
+99% / +61%In 3 years sales changed by +99% while total assets changed by +61%. Sales grew faster than assets.
Balance-sheet strength
Debt Due Cover Ratio
9.5×Debt due within a year is covered 9.5 times by its yearly operating cash.
Higher than 64% of Technology companies in United States.
Cash Cushion Ratio
+12%Cash, after subtracting all debt, equals 12% of its market value (net cash).
Higher than 78% of Technology companies in United States.
Tangible Assets Ratio
99%Of every $100 the company owns, $99 is in tangible assets such as plants, cash, stock and receivables; the rest is goodwill and other intangibles.
More tangible than 93% of Technology companies in United States.
Tangible Net Worth Ratio
99%Of every $100 of net worth, $99 is tangible; the rest is goodwill and other intangibles, often from buying other companies.
More tangible than 94% of Technology companies in United States.
Shareholders
Standard fundamentals
P/E, P/B, ROE, debt, growth and more (14)
First Solar, Inc. owes $0.23 for every $1 it owns. Net profit rose 18% in the year to Dec 2025.
Compared with Technology companies in United States · latest annual results Dec 2025.
P/E ratio
10.6Investors pay $10.6 for every $1 of First Solar, Inc.'s yearly profit, lower than 92% of Technology companies in United States.
P/B ratio
1.78The share price is 1.78 times First Solar, Inc.'s book value per share, lower than 71% of Technology companies in United States.
Market cap
$18.4 BThe total market value of all of First Solar, Inc.'s shares at today's price (share price × number of shares), larger than 84% of Technology companies in United States. PosiCap size class: Tito Cap.
Net worth (book value)
$10.3 BWhat First Solar, Inc. would have left on paper if it sold everything it owns and paid everything it owes, from its latest balance sheet (30 Jun 2026).
Book value per share
$96.03Net worth divided by the number of shares. The share price of $171.25 is 1.8 times this, which is the P/B above.
Return on equity (ROE)
18.5%First Solar, Inc. earned 18.5% on its shareholders' money over the last year, higher than 78% of Technology companies in United States.
Owes vs Owns
0.23×First Solar, Inc. owes $0.23 for every $1 it owns (low), lower than 81% of Technology companies in United States.
Dividend yield
NoneFirst Solar, Inc. does not currently pay a dividend.
Revenue growth
+24%Revenue rose 24% in the year to Dec 2025, and grew 26% a year on average over 3 years.
Profit growth
+18%Net profit rose 18% in the year to Dec 2025.
Profit margin
29.3%First Solar, Inc. keeps $29 of every $100 of revenue as net profit.
Cash quality
1.3×Cash from First Solar, Inc.'s business was 1.3× its reported profit in the year to Dec 2025 — its profit turned into cash.
Interest cover
36.2×First Solar, Inc.'s operating profit covered its interest costs 36.2 times in the year to Dec 2025.
Cash vs debt
Net cashFirst Solar, Inc. held $2.2 B more cash than debt (net cash) at Dec 2025.
Questions
What is First Solar, Inc.'s P/E ratio?
Investors pay $10.6 for every $1 of First Solar, Inc.'s yearly profit, lower than 92% of Technology companies in United States.
How is P/B calculated on PositoAI?
P/B is market cap divided by net worth from the latest balance sheet. For First Solar, Inc.: $18.4 B ÷ $10.3 B (30 Jun 2026) = 1.8.
What is First Solar, Inc.'s return on equity?
First Solar, Inc. earned 18.5% on its shareholders' money over the last year, higher than 78% of Technology companies in United States.
How much does First Solar, Inc. owe compared with what it owns?
First Solar, Inc. owes $0.23 for every $1 it owns (low), lower than 81% of Technology companies in United States.
Does First Solar, Inc. pay a dividend?
No. First Solar, Inc. does not currently pay a dividend.
Is First Solar, Inc.'s revenue growing?
Revenue rose 24% in the year to Dec 2025, and grew 26% a year on average over 3 years.
Figures from the company's yearly results and PositoAI's own data. Full tables are on the Go Deep tab. What each figure means. PositoAI is for research and education only and is not investment advice.