TTM
30.8%
YoY change
+30.07pp
Trough year (2004)
-169.5%
Peak year (2017)
28.1%
Latest annual
22.7%
FCF Margin history chart for First Solar (FSLR) from 2004 to 2025
Latest: 22.7%
FCF Margin change chart for First Solar (FSLR) from 2004 to 2025
Latest: +30.07pp
FCF Margin history table for First Solar (FSLR) from 2004 to 2025
| 2025 | 22.7% | +30.07pp | ||
| 2024 | -7.3% | +16.32pp | ||
| 2023 | -23.6% | -22.49pp | ||
| 2022 | -1.2% | +9.20pp | ||
| 2021 | -10.4% | +3.64pp | ||
| 2020 | -14.0% | +2.15pp | ||
| 2019 | -16.1% | +31.39pp | ||
| 2018 | -47.5% | -75.63pp | ||
| 2017 | 28.1% | +28.87pp | ||
| 2016 | -0.8% | +12.04pp | ||
| 2015 | -12.8% | -25.31pp | ||
| 2014 | 12.5% | -4.84pp | ||
| 2013 | 17.3% | +5.96pp | ||
| 2012 | 11.4% | +39.03pp | ||
| 2011 | -27.7% | -32.21pp | ||
| 2010 | 4.5% | -14.58pp | ||
| 2009 | 19.1% | +18.82pp | ||
| 2008 | 0.3% | +7.53pp | ||
| 2007 | -7.2% | +106.67pp | ||
| 2006 | -113.9% | -35.99pp | ||
| 2005 | -77.9% | +91.59pp | ||
| 2004 | -169.5% | — |
- 202522.7%+30.07pp
- 2024-7.3%+16.32pp
- 2023-23.6%-22.49pp
- 2022-1.2%+9.20pp
- 2021-10.4%+3.64pp
- 2020-14.0%+2.15pp
- 2019-16.1%+31.39pp
- 2018-47.5%-75.63pp
- 201728.1%+28.87pp
- 2016-0.8%+12.04pp
- 2015-12.8%-25.31pp
- 201412.5%-4.84pp
- 201317.3%+5.96pp
- 201211.4%+39.03pp
- 2011-27.7%-32.21pp
- 20104.5%-14.58pp
- 200919.1%+18.82pp
- 20080.3%+7.53pp
- 2007-7.2%+106.67pp
- 2006-113.9%-35.99pp
- 2005-77.9%+91.59pp
- 2004-169.5%—
FCF 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 FCF Margin at First Solar (FSLR)
According to First Solar's latest reported financial statements, the company's latest reported free cash flow margin is 30.8%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
As of the 2025 fiscal year, First Solar (FSLR) reported free cash flow margin of 22.75% – expanded 30.1 percentage points year-over-year.
28.09% stands as the all-time-high annual free cash flow margin, posted in 2017, against a low of -169.49% during 2004.
First Solar FCF Margin by Year
First Solar FCF Margin 2025: 22.7%
First Solar free cash flow margin in 2025 was 22.75%, expanded 30.1 percentage points from 2024.
First Solar FCF Margin 2024: -7.3%
2024's free cash flow margin for First Solar came in at -7.32%, expanded 16.3 percentage points from 2023.
First Solar FCF Margin 2023: -23.6%
First Solar posted free cash flow margin of -23.64% in 2023, contracted 22.5 percentage points from 2022.
First Solar FCF Margin 2022: -1.2%
In 2022, First Solar reported free cash flow margin of -1.15%, expanded 9.2 percentage points from 2021.
First Solar FCF Margin 2021: -10.4%
First Solar free cash flow margin in 2021 was -10.36%.
See more financial history for First Solar (FSLR).
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