First Solar (XSWX:FSLR) OCF Margin %: -20.58% (As of Mar. 2026)


XSWX:FSLR First Solar Inc XSWX:FSLR
91 GF Score
Price CHF207.07
GF Value CHF221.79
! 4 Warning Signs
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What is First Solar OCF Margin %?

First Solar XSWX:FSLR -0.24% 91 OCF Margin % is -20.58% as of Mar. 2026. GuruFocus rates XSWX:FSLR with a GF Score™ of 91/100 and a GF Value™ of CHF221.79. The stock has 4 warning signs investors should review. Among 1,023 Semiconductors companies, First Solar ranks better than 96.19% on this metric.

OCF Margin % is calculated as Cash Flow from Operations divided by its Revenue. First Solar's Cash Flow from Operations for the three months ended in Mar. 2026 was CHF-169 Mil. First Solar's Revenue for the three months ended in Mar. 2026 was CHF822 Mil. Therefore, First Solar's OCF Margin % for the quarter that ended in Mar. 2026 was -20.58%.

As of today, First Solar's current OCF Yield % is 9.18%.

The historical rank and industry rank for First Solar's OCF Margin % or its related term are showing as below:

XSWX:FSLR' s OCF Margin % Range Over the Past 10 Years
Min: -14.56   Med: 13.14   Max: 45.58
Current: 45.23

During the past 13 years, the highest OCF Margin % of First Solar was 45.58%. The lowest was -14.56%. And the median was 13.14%.

XSWX:FSLR's OCF Margin % is ranked better than
96.19% of 1023 companies
in the Semiconductors industry
Industry Median: 9.39 vs XSWX:FSLR: 45.23

First Solar OCF Margin % Related Terms

First Solar OCF Margin % Historical Data

* Premium members only.

The historical data trend for First Solar's OCF 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.

First Solar OCF Margin % Chart

First Solar Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
OCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.13 33.34 18.15 28.96 39.41

First Solar Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
OCF Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -71.99 13.63 79.86 73.80 -20.58

XSWX:FSLR vs NXT, ENPH, SEDG: OCF Margin % Comparison

For the Solar subindustry, First Solar's OCF Margin %, along with its competitors' market caps and OCF 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 OCF Margin % vs Semiconductors Industry

For the Semiconductors industry and Technology sector, First Solar's OCF Margin % distribution charts can be found below:

* The bar in red indicates where First Solar's OCF Margin % falls into.


XSWX:FSLR
91GF Score
First Solar Inc XSWX:FSLR
OCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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First Solar OCF Margin % Calculation

OCF Margin % is the ratio of Cash Flow from Operations divided by net sales or Revenue, usually presented in percent.

First Solar's OCF Margin for the fiscal year that ended in Dec. 2025 is calculated as

OCF Margin=Cash Flow from Operations (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=1639.307/4159.321
=39.41 %

First Solar's OCF Margin for the quarter that ended in Mar. 2026 is calculated as

OCF Margin=Cash Flow from Operations (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=-169.164/822.13
=-20.58 %

* 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.

Frequently Asked Questions Learn more about OCF Margin % →
What does a OCF Margin % of -20.58% mean?
First Solar (XSWX:FSLR) has a OCF Margin % of -20.58% as of Mar. 2026. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on First Solar and its competitors. According to the industry distribution chart, First Solar ranks #39 out of 1023 companies in the Semiconductors industry, placing it in the top 3.8%.
Is First Solar's OCF Margin % too high?
First Solar's current OCF Margin % is -20.58%. Based on the distribution chart, First Solar ranks #39 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 OCF Margin % compare to NXT and ENPH?
According to the Semiconductors industry distribution chart, First Solar ranks #39 out of 1023 companies for OCF Margin %. This places First Solar in the top 4% of its industry — outperforming the majority of peers. The industry median OCF Margin % is 9.39. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good OCF Margin % for a Semiconductors company?
The median OCF Margin % among Semiconductors companies is 9.39, based on 1,023 companies in the industry. Companies in the top quartile (top 25%) have a OCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, OCF 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 OCF Margin % mean?
A high OCF Margin % can signal that a stock is expensive relative to its fundamentals. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on First Solar and its competitors. For the Semiconductors industry, the median OCF Margin % is 9.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Solar's current OCF Margin % is -20.58%. 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 OCF Margin % of -20.58%. 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 OCF Margin % is -20.58%. 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 OCF Margin % calculated?
OCF Margin % is calculated from a company's financial statements. For First Solar (XSWX:FSLR), the current OCF Margin % is -20.58% 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:

  • OCF Margin %: -20.58%
  • GF Value™: CHF221.79 vs. price of CHF207.07 (6.6% below fair value)
  • GF Score™: 91/100 with 4 warning signs

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 Business Description

Address 4300 East Camelback Road, Suite 220, Phoenix, AZ, USA, 85018
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

Get the complete analysis for XSWX:FSLR

OCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF207.07
Price
CHF221.79
GF Value