# First Solar, Inc. (FSLR) · Edgar & Edgarette company card

> First Solar (FSLR) grew revenue 24.1% in FY2025 to $5.2 billion, operating margin 30.6% against a 2.4% median for semiconductors & related devices, equity 71.6% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1274494 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/FSLR) · [JSON](https://www.pops4.com/boards/company/FSLR.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $5.2B |
| Revenue growth, 1 year | 24.1% |
| Revenue growth per year | 15.6% |
| Operating margin | 30.6% (prior year 33.2%) |
| Net margin | 29.3% |
| Operating cash flow | $2.1B |
| Capital spending | $870M |
| Free cash flow | $1.2B |
| Cash | $2.8B |
| Long-term debt | $499M |
| Total assets | $13.3B |
| Total equity | $9.5B |
| Equity ÷ assets | 71.6% |
| Return on equity | 16.0% |
| Dividend per share | $0 |
| Dividend years rising | 0 |

## Readings, computed from those figures

- Altman Z: 6.97 (safe zone)
- Piotroski F: 8 of 9 (strong)
- Beneish M: -2.58 (below the −1.78 line)
- Health Harbor boat: New ship · no warning signs
- Cash Compass: Cash cow later · growing fast, and already turning revenue into cash

## Edgarette's reading

Exposure: revenue $5.2B (FY2025), total debt $498.6M. Experience: revenue up 24.1% on the year, up 15.6% a year over 4 years; operating margin 30.6%, down from 33.2%. Soundness: equity 71.6% of assets, return on equity 16.0%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $5.2B and $7.8B next year (method v4.1: its own 4-year record of growth weighed at 50% against $1B–10B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $4.5B to $9.0B. A statistical range, not company guidance. Against peers (63 filers, $50M+ revenue, semiconductors & related devices): operating margin 30.6% against a 2.4% median; growth 24.1% against 15.5%.

Range logged 2026-09-24, receipt 6ef674583a0e1d6f, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

No warning filings in the window.

## Recent filings

- 10-Q · filed 2026-10-29 · [filing](https://www.sec.gov/Archives/edgar/data/1274494/000127449426000212/0001274494-26-000212-index.htm)
- 8-K · filed 2026-10-29 · 2.02 Results of Operations and Financial Condition; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1274494/000127449426000211/0001274494-26-000211-index.htm)
- 10-Q · filed 2026-07-30 · [filing](https://www.sec.gov/Archives/edgar/data/1274494/000127449426000170/0001274494-26-000170-index.htm)
- 8-K · filed 2026-07-30 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1274494/000127449426000169/0001274494-26-000169-index.htm)
- 8-K · filed 2026-05-15 · 5.07 Submission of Matters to a Vote of Security Holders · [filing](https://www.sec.gov/Archives/edgar/data/1274494/000127449426000138/0001274494-26-000138-index.htm)
- 10-Q · filed 2026-04-30 · [filing](https://www.sec.gov/Archives/edgar/data/1274494/000127449426000109/0001274494-26-000109-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001274494.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1274494

## Cite

POPS4, Edgar & Edgarette: First Solar, Inc. (FSLR) company card, from the company's own SEC filings, accessed 2026-11-07, https://www.pops4.com/boards/company/FSLR. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.