First Solar, Inc. (FSLR) vs Tenaris S.A. (TS)
A side-by-side comparison of First Solar, Inc. and Tenaris S.A. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 22, 2026. Differences are shown without an overall score or investment verdict.
FSLR
First Solar, Inc.
$214.28EnergyAt close: Aug 21, 2026, 4:00 PM ET
TS
Tenaris S.A.
$52.66EnergyAt close: Aug 21, 2026, 4:00 PM ET
Total return — FSLR vs TS
growth of $100 · dividends reinvested · last 10yFSLR +468.7% (+19.0%/yr)TS +151.7% (+9.7%/yr)FSLR compounded faster over this window
FSLR TS
FSLR vs TS: by the numbers
- •TS is the larger company ($28.26B vs $23.03B market cap).
- •FSLR trades at the lower trailing earnings multiple (13.21 vs 14.39 P/E), one valuation lens rather than an overall verdict.
- •FSLR converts more revenue to profit (32.47% vs 15.89% net margin).
- •TS grew revenue faster over the past five years (19.93% vs 12.62% CAGR).
- •TS pays a dividend (1.10% yield), while FSLR has no payments in the available dividend history.
Metrics side by side
Valuation
| Metric | FSLR | TS |
|---|---|---|
| P/E ratio | 13.21 | 14.39 |
| Forward P/E | 12.30 | 13.92 |
| P/S ratio | 4.29 | 2.21 |
| P/B ratio | 2.24 | 1.57 |
| EV / EBITDA | 9.05 | 9.26 |
| FCF yield | 6.50% | 6.52% |
Profitability
| Metric | FSLR | TS |
|---|---|---|
| Gross margin | 44.02% | 33.90% |
| Operating margin | 33.65% | 18.55% |
| Net margin | 32.47% | 15.89% |
| ROE | 16.92% | 11.27% |
| ROIC | 15.30% | 9.69% |
Dividends
| Metric | FSLR | TS |
|---|---|---|
| Dividend yield | N/A | 1.10% |
| Payout ratio | N/A | 15.59% |
Growth (annualized)
| Metric | FSLR | TS |
|---|---|---|
| Revenue CAGR (5Y) | 12.62% | 19.93% |
| EPS CAGR (5Y) | 30.54% | 19.77% |
| FCF CAGR (5Y) | 49.80% | 34.13% |
| Total return CAGR (5Y) | 17.77% | 26.60% |
Frequently asked
- Which has the lower trailing P/E, FSLR or TS?
- FSLR has the lower trailing P/E: FSLR trades at 13.21 and TS at 14.39. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, FSLR or TS?
- Over the past five years, TS grew revenue faster — FSLR at a 12.62% CAGR versus TS at 19.93%.
- Does FSLR or TS pay a bigger dividend?
- TS pays a dividend (1.10% yield), while FSLR has no payments in the available dividend history.
- Is FSLR or TS more profitable?
- FSLR runs the higher net margin — FSLR at 32.47% versus TS at 15.89%.
- How have FSLR and TS total returns compared?
- Over the past 10 years, FSLR delivered 18.94% and TS delivered 9.48% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
First Solar P/E ratioTenaris P/E ratioTenaris dividend yieldFirst Solar ROETenaris ROEFirst Solar operating marginTenaris operating marginFirst Solar revenue growthTenaris revenue growthFirst Solar free cash flowTenaris free cash flow
First Solar & Tenaris appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified August 22, 2026.