First Solar (XSWX:FSLR) Pretax Margin %: 33.93% (As of Mar. 2026) — 284% Above Median


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 Pretax Margin %?

First Solar XSWX:FSLR -0.24% 91 Pretax Margin % is 33.93% as of Mar. 2026, which is 284% above its 10-year median of 8.84. 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 92.67% on this metric.

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. First Solar's Pre-Tax Income for the three months ended in Mar. 2026 was CHF279 Mil. First Solar's Revenue for the three months ended in Mar. 2026 was CHF822 Mil. Therefore, First Solar's pretax margin for the quarter that ended in Mar. 2026 was 33.93%.

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

XSWX:FSLR' s Pretax Margin % Range Over the Past 10 Years
Min: -18.5   Med: 8.84   Max: 33.43
Current: 31.71


XSWX:FSLR's Pretax Margin % is ranked better than
92.67% of 1023 companies
in the Semiconductors industry
Industry Median: 5.08 vs XSWX:FSLR: 31.71

First Solar  (XSWX:FSLR) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.


First Solar Pretax Margin % Related Terms


First Solar Pretax Margin % Historical Data

* Premium members only.

The historical data trend for First Solar's Pretax 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 Pretax Margin % Chart

First Solar Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.57 0.33 26.86 33.43 30.29

First Solar Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Pretax 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 25.70 32.10 28.86 32.76 33.93

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

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

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

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


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

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

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

Pretax Margin=Pre-Tax Income (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=1259.83/4159.321
=30.29 %

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

Pretax Margin=Pre-Tax Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=278.967/822.13
=33.93 %

* 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 Pretax Margin % →
What does a Pretax Margin % of 33.93% mean?
First Solar (XSWX:FSLR) has a Pretax Margin % of 33.93% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on First Solar and its competitors. This is 284% above median its historical median of 8.84. According to the industry distribution chart, First Solar ranks #75 out of 1023 companies in the Semiconductors industry, placing it in the top 7.3%.
Is First Solar's Pretax Margin % too high?
First Solar's current Pretax Margin % of 33.93% is 284% above median its 10-year median of 8.84. The Semiconductors industry median Pretax Margin % is 5.08. First Solar's value of 33.93% is 567.9% above this industry median. Based on the distribution chart, First Solar ranks #75 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 Pretax Margin % compare to NXT and ENPH?
According to the Semiconductors industry distribution chart, First Solar ranks #75 out of 1023 companies for Pretax Margin %. This places First Solar in the top 7% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 5.08. First Solar's value of 33.93% is 567.9% above this benchmark. While the company's 10-year median is 8.84 vs. the industry median of 5.08, First Solar has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pretax Margin % for a Semiconductors company?
The median Pretax Margin % among Semiconductors companies is 5.08, based on 1,023 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Solar's current Pretax Margin % of 33.93% is 567.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on First Solar and its competitors. For the Semiconductors industry, the median Pretax Margin % is 5.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Solar's current Pretax Margin % is 33.93%, which is 284% above median its own 10-year median of 8.84. 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 Pretax Margin % of 33.93%. 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 Pretax Margin % is 33.93%, which is 284% above median its 10-year median of 8.84 and 567.9% above the Semiconductors industry median of 5.08. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For First Solar (XSWX:FSLR), the current Pretax Margin % is 33.93% 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:

  • Pretax Margin %: 33.93% (284% above median its 10-year median of 8.84)
  • GF Value™: CHF221.79 vs. price of CHF207.07 (6.6% below fair value)
  • GF Score™: 91/100 with 4 warning signs
  • Industry Position: 567.9% above the Semiconductors median (#75 of 1023)

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

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

CHF207.07
Price
CHF221.79
GF Value