TTM
41.7%
YoY change
−3.54pp
Trough year (2004)
-39.4%
Peak year (2008)
54.4%
Latest annual
40.6%
Gross Margin history chart for First Solar (FSLR) from 2004 to 2025
Latest: 40.6%
Gross Margin change chart for First Solar (FSLR) from 2004 to 2025
Latest: −3.54pp
Gross Margin history table for First Solar (FSLR) from 2004 to 2025
| 2025 | 40.6% | -3.54pp | ||
| 2024 | 44.2% | +4.98pp | ||
| 2023 | 39.2% | +36.53pp | ||
| 2022 | 2.7% | -22.30pp | ||
| 2021 | 25.0% | -0.14pp | ||
| 2020 | 25.1% | +7.17pp | ||
| 2019 | 17.9% | +0.45pp | ||
| 2018 | 17.5% | -1.19pp | ||
| 2017 | 18.7% | -3.32pp | ||
| 2016 | 22.0% | -5.56pp | ||
| 2015 | 27.5% | +3.22pp | ||
| 2014 | 24.3% | -1.80pp | ||
| 2013 | 26.1% | +0.81pp | ||
| 2012 | 25.3% | -9.81pp | ||
| 2011 | 35.1% | -11.09pp | ||
| 2010 | 46.2% | -4.34pp | ||
| 2009 | 50.6% | -3.88pp | ||
| 2008 | 54.4% | +4.55pp | ||
| 2007 | 49.9% | +9.70pp | ||
| 2006 | 40.2% | +5.69pp | ||
| 2005 | 34.5% | +73.91pp | ||
| 2004 | -39.4% | — |
- 202540.6%-3.54pp
- 202444.2%+4.98pp
- 202339.2%+36.53pp
- 20222.7%-22.30pp
- 202125.0%-0.14pp
- 202025.1%+7.17pp
- 201917.9%+0.45pp
- 201817.5%-1.19pp
- 201718.7%-3.32pp
- 201622.0%-5.56pp
- 201527.5%+3.22pp
- 201424.3%-1.80pp
- 201326.1%+0.81pp
- 201225.3%-9.81pp
- 201135.1%-11.09pp
- 201046.2%-4.34pp
- 200950.6%-3.88pp
- 200854.4%+4.55pp
- 200749.9%+9.70pp
- 200640.2%+5.69pp
- 200534.5%+73.91pp
- 2004-39.4%—
Gross 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 Gross Margin at First Solar (FSLR)
According to First Solar's latest reported financial statements, the company's latest reported gross margin is 41.7%. Gross margin is gross profit divided by revenue, expressed as a percentage. It shows how much of each sales dollar survives the direct cost of goods sold — before operating expenses, interest, and taxes. A higher gross margin generally signals pricing power and production efficiency. Margins are most meaningful compared against sector peers and a company's own history.
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 gross margin of 40.63% – contracted 3.5 percentage points year-over-year.
The record annual gross margin stands at 54.43%, reached in 2008; the historical low of -39.41% was recorded in 2004.
First Solar Gross Margin by Year
First Solar Gross Margin 2025: 40.6%
In 2025, First Solar reported gross margin of 40.63%, contracted 3.5 percentage points from 2024.
First Solar Gross Margin 2024: 44.2%
First Solar gross margin in 2024 was 44.17%, expanded 5.0 percentage points from 2023.
First Solar Gross Margin 2023: 39.2%
2023's gross margin for First Solar came in at 39.19%, expanded 36.5 percentage points from 2022.
First Solar Gross Margin 2022: 2.7%
First Solar posted gross margin of 2.67% in 2022, contracted 22.3 percentage points from 2021.
First Solar Gross Margin 2021: 25.0%
First Solar gross margin in 2021 was 24.97%.
See more financial history for First Solar (FSLR).
Sector peers by Gross Margin
Energy peers of First Solar (FSLR), ranked by their latest gross margin
| 62.8% | |
| 30.7% | |
| 29.2% | |
| 25.5% | |
| 25.4% | |
| 17.3% | |
| 8.8% | |
| 7.2% |
- 30.7%
- 29.2%
- 25.5%
- 25.4%
- 17.3%
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