Net Income
Trailing-twelve-month (TTM) net income is $1.67 Billion with a year-over-year change of +31.65%. Net income represents the company's bottom line profit after all expenses, taxes, and interest.
FSLR Net Income
Reported quarterly net income; no daily interpolation.
FSLR Quarterly Net Income Growth (YoY)
Net Income growth vs the same quarter one year earlier, last 20 quarters.
Net Income (TTM)
$1.67B
$1.67 Billion
Year-over-Year Change
+31.65%
vs. $1.26B a year ago (TTM)
Net Income CAGR
+26.35%
5 Year compound annual growth rate
Net Income CAGR (Compound Annual Growth Rate)
1 Year
+31.65%
3 Year
+241.85%
5 Year
+26.35%
10 Year
+6.96%
15 Year
+6.95%
20 Year
N/A
CAGR shows the annualized growth rate over the specified period, smoothing out year-to-year volatility.
Annual Net Income History
| Year | Net Income | YoY Change | % Change |
|---|---|---|---|
| 2025 | $1.53B | +$236.19M | +18.28% |
| 2024 | $1.29B | +$461.27M | +55.52% |
| 2023 | $830.78M | +$874.94M | — |
| 2022 | ($44.17M) | ($512.86M) | (109.42%) |
| 2021 | $468.69M | +$70.34M | +17.66% |
| 2020 | $398.36M | +$513.29M | — |
| 2019 | ($114.93M) | ($259.26M) | (179.63%) |
| 2018 | $144.33M | +$309.94M | — |
| 2017 | ($165.62M) | +$250.50M | — |
| 2016 | ($416.11M) | ($1.01B) | (170.12%) |
Net Income Growth Summary
TTM Growth
+31.65%
3-Year Avg Growth
+241.85%
5-Year Avg Growth
+26.35%
About First Solar, Inc.
First Solar, Inc. is a global provider of photovoltaic (PV) solar energy solutions, operating in numerous international markets including the United States, Japan, France, Canada, India, and Australia. The company's primary activity involves the engineering, manufacturing, and sale of cadmium telluride solar modules, which are designed to convert solar radiation directly into electricity. Its clientele is broad, serving system developers and operators, utility companies, independent power producers, commercial and industrial businesses, and various other system owners. Founded in 1999, the firm is based in Tempe, Arizona, and underwent a name change in 2006 from its former designation, First Solar Holdings, Inc.
- Sector
- Energy
- Industry
- Solar
- CEO
- Mark R. Widmar