TTM
43.3%
YoY change
−2.03pp
Trough year (2004)
-109.7%
Peak year (2003)
100.0%
Latest annual
42.4%
EBITDA Margin history chart for First Solar (FSLR) from 2003 to 2025
Latest: 42.4%
EBITDA Margin change chart for First Solar (FSLR) from 2003 to 2025
Latest: −2.03pp
EBITDA Margin history table for First Solar (FSLR) from 2003 to 2025
| 2025 | 42.4% | -2.03pp | ||
| 2024 | 44.4% | +7.90pp | ||
| 2023 | 36.5% | +25.44pp | ||
| 2022 | 11.1% | -17.82pp | ||
| 2021 | 28.9% | +8.62pp | ||
| 2020 | 20.3% | +16.62pp | ||
| 2019 | 3.7% | -8.35pp | ||
| 2018 | 12.0% | +0.36pp | ||
| 2017 | 11.7% | +21.51pp | ||
| 2016 | -9.8% | -34.11pp | ||
| 2015 | 24.3% | +4.22pp | ||
| 2014 | 20.0% | +1.40pp | ||
| 2013 | 18.6% | +11.62pp | ||
| 2012 | 7.0% | +0.46pp | ||
| 2011 | 6.6% | -29.25pp | ||
| 2010 | 35.8% | -3.93pp | ||
| 2009 | 39.7% | -2.28pp | ||
| 2008 | 42.0% | +9.95pp | ||
| 2007 | 32.1% | +22.43pp | ||
| 2006 | 9.6% | +12.59pp | ||
| 2005 | -2.9% | +106.78pp | ||
| 2004 | -109.7% | -209.72pp | ||
| 2003 | 100.0% | — |
- 202542.4%-2.03pp
- 202444.4%+7.90pp
- 202336.5%+25.44pp
- 202211.1%-17.82pp
- 202128.9%+8.62pp
- 202020.3%+16.62pp
- 20193.7%-8.35pp
- 201812.0%+0.36pp
- 201711.7%+21.51pp
- 2016-9.8%-34.11pp
- 201524.3%+4.22pp
- 201420.0%+1.40pp
- 201318.6%+11.62pp
- 20127.0%+0.46pp
- 20116.6%-29.25pp
- 201035.8%-3.93pp
- 200939.7%-2.28pp
- 200842.0%+9.95pp
- 200732.1%+22.43pp
- 20069.6%+12.59pp
- 2005-2.9%+106.78pp
- 2004-109.7%-209.72pp
- 2003100.0%—
EBITDA Margin values are taken from First Solar's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About EBITDA Margin at First Solar (FSLR)
According to First Solar's latest reported financial statements, the company's latest reported EBITDA margin is 43.3%. EBITDA margin is EBITDA divided by revenue — earnings before interest, taxes, depreciation, and amortization as a percentage of sales. By stripping out non-cash charges and capital-structure effects, it approximates operating cash profitability and is widely used to compare companies with different asset bases and leverage.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
The 2025 reading of First Solar (FSLR) EBITDA margin is 42.39% – contracted 2.0 percentage points year-over-year.
Across the available history, EBITDA margin reached its high of 100.00% in 2003 and its low of -109.72% in 2004.
First Solar EBITDA Margin by Year
First Solar EBITDA Margin 2025: 42.4%
First Solar posted EBITDA margin of 42.39% in 2025, contracted 2.0 percentage points from 2024.
First Solar EBITDA Margin 2024: 44.4%
In 2024, First Solar reported EBITDA margin of 44.43%, expanded 7.9 percentage points from 2023.
First Solar EBITDA Margin 2023: 36.5%
First Solar EBITDA margin in 2023 was 36.53%, expanded 25.4 percentage points from 2022.
First Solar EBITDA Margin 2022: 11.1%
2022's EBITDA margin for First Solar came in at 11.09%, contracted 17.8 percentage points from 2021.
First Solar EBITDA Margin 2021: 28.9%
First Solar EBITDA margin in 2021 was 28.91%.
See more financial history for First Solar (FSLR).
Sector peers by EBITDA Margin
Energy peers of First Solar (FSLR), ranked by their latest EBITDA margin
| 59.5% | |
| 38.5% | |
| 27.6% | |
| 21.8% | |
| 19.6% | |
| 18.5% | |
| 9.1% | |
| 7.2% |
- 38.5%
- 27.6%
- 21.8%
- 19.6%
- 18.5%
Frequently asked questions
First Solar (FSLR) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation