FCF Margin % is calculated as Free Cash Flow divided by its Revenue. First Solar's Free Cash Flow for the
three
months ended in Mar. 2026 was CHF-262 Mil. First Solar's Revenue for the
three
months ended in Mar. 2026 was CHF822 Mil. Therefore, First Solar's FCF Margin % for the quarter that ended in Mar. 2026 was -31.93%.
The historical rank and industry rank for First Solar's FCF Margin % or its related term are showing as below:
XSWX:FSLR'
s FCF Margin % Range Over the Past 10 Years
Min: -47.53 Med: -8.84 Max: 30.73
Current: 30.73
During the past 13 years, the highest FCF Margin % of First Solar was 30.73%. The lowest was -47.53%. And the median was -8.84%.
XSWX:FSLR's FCF Margin % is ranked better than 95.5% of 1023
companies
in the Semiconductors industry
Industry Median: -0.76
vs XSWX:FSLR: 30.73
First Solar FCF Margin % Related Terms
First Solar FCF Margin % Historical Data
* Premium members only.
The historical data trend for First Solar's FCF Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
XSWX:FSLR vs NXT, ENPH, SEDG: FCF Margin % Comparison
For the Solar subindustry, First Solar's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
First Solar FCF Margin % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, First Solar's FCF Margin % distribution charts can be found below:
* The bar in red indicates where First Solar's FCF Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
First Solar (XSWX:FSLR) has a FCF Margin % of -31.93% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on First Solar and its competitors. According to the industry distribution chart, First Solar ranks #46 out of 1023 companies in the Semiconductors industry, placing it in the top 4.5%.
Is First Solar's FCF Margin % too high?
First Solar's current FCF Margin % is -31.93%. Based on the distribution chart, First Solar ranks #46 out of 1023 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, First Solar has a GF Score™ of 91/100, reflecting its overall financial health beyond just this single metric.
How does First Solar's FCF Margin % compare to NXT and ENPH?
According to the Semiconductors industry distribution chart, First Solar ranks #46 out of 1023 companies for FCF Margin %. This places First Solar in the top 5% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a Semiconductors company?
A good FCF Margin % depends on the Semiconductors industry context. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on First Solar and its competitors. First Solar's current FCF Margin % is -31.93%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Solar stock overvalued right now?
First Solar (XSWX:FSLR) has a current FCF Margin % of -31.93%. The stock's GF Value™ is CHF221.79, compared to a current price of CHF207.07 — trading 6.6% below its estimated fair value. The current FCF Margin % is -31.93%. First Solar's overall GF Score™ is 91/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For First Solar (XSWX:FSLR), the current FCF Margin % is -31.93% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is First Solar (XSWX:FSLR) Overvalued in 2026?
Based on GuruFocus' analysis, First Solar stock appears to be undervalued.
The current stock price of CHF207.07 is trading 6.6% below its estimated GF Value™ of CHF221.79.
Key valuation signals for XSWX:FSLR:
FCF Margin %: -31.93%
GF Value™: CHF221.79 vs. price of CHF207.07 (6.6% below fair value)
No single metric tells the full story. See the XSWX:FSLR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Solar designs and manufactures solar photovoltaic panels, modules, and systems for use in utility-scale development projects. The company's solar modules use cadmium telluride to convert sunlight into electricity. This is commonly called thin-film technology. First Solar is the world's largest thin-film solar module manufacturer. It has production lines in Vietnam, Malaysia, the United States, and India.
91GF Score
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FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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