Net Income CAGR:31.65%(TTM)
Based on reported financial statement history.
Over longer horizons, Net Income CAGR averages 241.85% over 3 years and 26.35% over 5 years.The TTM figure compares the trailing 12 months (sum of the latest four quarters) with the 12 months before that. Rows in the history table compare fiscal years, and the quarterly table compares single quarters; the three measure different windows and will differ. Net income CAGR shows how the company's bottom-line profitability has grown. This reflects the company's ability to convert revenue into profits after all expenses.
FSLR Net Income CAGR Chart
First Solar, Inc. (FSLR)
FSLR Quarterly Net Income Growth (YoY)
Net Income growth vs the same quarter one year earlier, last 20 quarters.
FSLR Net Income CAGR History
| Year | Start Net Income | End Net Income | Change | % Change | CAGR |
|---|---|---|---|---|---|
| 2025 | $1.29B | $1.53B | +$236.19M | +18.28% | +18.28% |
| 2024 | $830.78M | $1.29B | +$461.27M | +55.52% | +55.52% |
| 2023 | $-44.17M | $830.78M | +$874.94M | N/A | N/A |
| 2022 | $468.69M | $-44.17M | $-512.86M | -109.42% | N/A |
| 2021 | $398.36M | $468.69M | +$70.34M | +17.66% | +17.66% |
| 2020 | $-114.93M | $398.36M | +$513.29M | N/A | N/A |
| 2019 | $144.33M | $-114.93M | $-259.26M | -179.63% | N/A |
| 2018 | $-165.62M | $144.33M | +$309.94M | N/A | N/A |
| 2017 | $-416.11M | $-165.62M | +$250.50M | N/A | N/A |
| 2016 | $593.41M | $-416.11M | $-1.01B | -170.12% | N/A |
| 2015 | $395.96M | $593.41M | +$197.44M | +49.86% | +49.86% |
| 2014 | $350.72M | $395.96M | +$45.25M | +12.90% | +12.90% |
| 2013 | $-96.34M | $350.72M | +$447.06M | N/A | N/A |
| 2012 | $-39.49M | $-96.34M | $-56.84M | N/A | N/A |
| 2011 | $664.20M | $-39.49M | $-703.69M | -105.95% | N/A |
| 2010 | $640.14M | $664.20M | +$24.06M | +3.76% | +3.76% |
| 2009 | $348.33M | $640.14M | +$291.81M | +83.77% | +83.77% |
| 2008 | $158.35M | $348.33M | +$189.98M | +119.97% | +119.97% |
| 2007 | $3.97M | $158.35M | +$154.38M | +3884.75% | +3884.75% |
| 2006 | $-6.46M | $3.97M | +$10.44M | N/A | N/A |
| 2005 | $-16.77M | $-6.46M | +$10.31M | N/A | N/A |
| 2004 | $-28.04M | $-16.77M | +$11.27M | N/A | N/A |
| 2003 | $-26.22M | $-28.04M | $-1.82M | N/A | N/A |
| 2002 | $-27.13M | $-26.22M | +$910.00K | N/A | N/A |
Quarterly Net Income: QoQ & YoY
| Quarter | Value | QoQ | YoY |
|---|---|---|---|
| Q1 2026 | $346.62M | -33.5% | +65.4% |
| Q4 2025 | $520.88M | +14.2% | +32.5% |
| Q3 2025 | $455.94M | +33.4% | +45.7% |
| Q2 2025 | $341.87M | +63.2% | -2.1% |
| Q1 2025 | $209.53M | -46.7% | -11.4% |
| Q4 2024 | $393.12M | +25.6% | +12.6% |
| Q3 2024 | $312.96M | -10.4% | +16.6% |
| Q2 2024 | $349.36M | +47.6% | +104.8% |
| Q1 2024 | $236.62M | -32.2% | +455.9% |
| Q4 2023 | $349.24M | +30.1% | — |
| Q3 2023 | $268.40M | +57.3% | — |
| Q2 2023 | $170.58M | +300.8% | +205.7% |
| Q1 2023 | $42.56M | — | — |
| Q4 2022 | -$7.55M | +84.6% | — |
| Q3 2022 | -$49.17M | — | — |
| Q2 2022 | $55.80M | — | -32.3% |
QoQ = change vs the prior quarter; YoY = change vs the same quarter a year earlier.
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