First Solar Inc. (FSLR) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

$176.89 +0.34% NASDAQ • Public Delayed / 60s Snapshot

First Solar Inc. (FSLR) earns a Roarable Rating of B (Buy) with 72/100 RQD Confidence. High-quality cash engine (41% profit margin, 18% return on capital) with steady institutional support. Even if the broader market gets choppy, the company’s underlying cash engine and big-money support put the odds in buyers’ favor.

ROARABLE B • BUY Cap $19.01B
INTERACTIVE SCENARIO DECK:
🛡️ Portfolio Crash X-Ray
RQD QUANT TACHOMETERBUY • B
025507510072
2-of-3 JEV AI Jury Bullish
Cash
SEC
Whale
5-PILLAR SNOWFLAKE RADARRw C · Rk A-
Cash (17)Whales (10)SEC (16)Macro (17)CEO (12)
Each axis scored 0–20
12M PRICE TARGET CONE+6.3% Base Target
$337 Bull$188 Base$145 Bear
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WHALE OPTIONS TUG-OF-WAR:58% Call Buyers ($2.6M)
42% PutsMax Pain: $173.00
VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL • FY 2025 (10-K)

How FSLR Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$1.19B (22.7% FCF Margin)
Revenue$5.22BGross Profit $2.12B (40.6%)Cost of Sales $3.10BOp Profit $1.60B (30.6%)OpEx (R&D/SG&A) $523.5MNet Profit$1.53B (29.3%)Tax/Other $68.6M

Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory

■ Revenue■ Net Profit■ Free Cash Flow
FY23
Rev $3.32B
FY24
Rev $4.21B
FY25
Rev $5.22B
Fiscal YearRevenueGross MarginOp MarginNet ProfitFree Cash FlowROIC %
FY 2025$5.22B40.6%30.6%$1.53B$1.19B18%
FY 2024$4.21B44.2%33.2%$1.29B-$308.1M16.4%
FY 2023$3.32B44%25.8%$830.8M$452.9M10.7%
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FSLR // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -13.62%▼ DESCENDING CHANNEL
2026-10-30O $168.1H $176.0L $168.0C $174.4VOL 3.49M
RES: $202.5SUP: $156.2SMA50: $188.7SMA200: $215.9
$331.8$286.8$241.9$196.9$151.9RES $202.5SUP $156.2$174.42026-04-302026-06-152026-07-312026-09-162026-10-30
PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

FSLR Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)
3.2%/yr Implied 5Y Growth

vs. +24.1% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on FSLR today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →
ENPH → FSLR Confirmed Filing
Both Enphase Energy (US-assembled microinverters) and First Solar (US CdTe utility-scale modules) derive material gross-margin uplift from IRA §45X Advanced Manufacturing Production Credits and AD/CVD Southeast Asian solar tariffs.

FSLR Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS • SEC EDGAR × CBOE × FRED

How profitable is First Solar Inc. (FSLR)?

In FY 2025 (10-K), FSLR converted $5.2B of revenue into a 40.6% gross margin, 30.6% operating margin, and $1.2B in free cash flow (22.7% FCF margin).