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FSLR First Solar, Inc.

Nasdaq, CIK 0001274494, fiscal year ends 12/31. Last price 171.99 on 2026-10-23, market value 18.5 billion dollars.

Machine-readable: FSLR.json, FSLR.md. Sections: Graham Defensive, Magic Formula, Momentum, Insider, Buffett Quality, Lynch GARP, Graham Enterprising, Piotroski F-Score, earnings record, insiders, filings and links.

Philosophy	Score	Status	Current inputs as of	History used	Price	Verification	Rules
Graham Defensive	77	ok	2025-12-31 stale: Revenue	2013–2025	2026-10-23	2 verified, 21 unverified	method
Magic Formula	61	ok	2026-03-31 stale: operating_income_q	—	2026-10-23	—	method
Momentum	22	ok	2026-10-23	—	2026-10-23	—	method
Insider	0	ok	2026-10-23	—	—	—	method
Buffett Quality	34	ok	2026-06-30	2016–2025	2026-10-23	0 verified, 48 unverified	method
Lynch GARP	97	ok	2026-06-30	2020–2025	2026-10-23	0 verified, 6 unverified	method
Graham Enterprising	62	ok	2026-06-30	2020–2025	2026-10-23	0 verified, 13 unverified	method
Piotroski F-Score	89	ok	—	2024–2026	—	0 verified, 27 unverified	method

Market value, source trail

market_value = traded_price (price date) / depositary_ratio x latest point-in-time SEC shares outstanding (share-count date shown; from the filing cover page, summed across share classes only where the issuer filing verifies the classes are economically equivalent (rule + evidence URL in the source text), else withheld; priced at the primary listed class, so where other classes trade at a different price the value is an approximation; restated only for issuer-verified splits after the count date); weighted-average share counts are never used

Input	Value	Unit	Period / date	Source
Traded price	171.99	USD per traded unit (share or ADS)	2026-10-23	Yahoo Finance
SEC shares outstanding	107,469,788	underlying shares	2026-07-24	SEC cover page 10-Q 0001274494-26-000170 (107,469,788 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1274494/000127449426000170/fslr-20260630.htm 0001274494-26-000170
Depositary ratio	1.0	underlying shares per traded unit		domestic 10-K filer; SEC shares are the traded units
Market value price date × latest reported shares	18,483,728,838	USD	2026-10-23 shares at 2026-07-24	171.99 (price 2026-10-23) / 1 x 107,469,788 (shares at 2026-07-24) = 18,483,728,838

Graham Defensive

77 of 100. ok. How this is scored.

Test or factor	Value	Threshold	Points
1 Adequate size	5.22 revenue $B	>= 1	5.0 / 5
2a Current ratio	2.52	>= 2.0	15.0 / 15
2b Long-term debt vs working capital	0.0 LTD / WC	<= 1.0	15.0 / 15
3 Positive earnings each of 10 years	6 of 10	10 of 10	9.0 / 15
4 Dividends every year for 20 years	0 of 20 missing 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025 XBRL check: 1 years agree, 19 unverified	20 of 20	0.0 / 15
5 EPS growth, 3-yr avg now vs 10 yrs ago	1.89 -> 11.32 (+498%)	>= +33%	10.0 / 10
6 P/E on 3-year average EPS	15.2	<= 15	14.7 / 15
7 P/B <= 1.5, or P/E x P/B <= 22.5	P/B 1.79, product 27.2	<= 1.5 or <= 22.5	8.1 / 10

Inputs, 25 numbers with their sources

Input	Value	Period	Source	Check
Price (close, per traded unit)	171.99	2026-10-23	Alpaca Market Data (consolidated SIP daily bar)	not cross-checked
Revenue	5219376000.0	2025-12-31 stale	SEC XBRL Revenues 0001274494-26-000021	unverified
current_assets	5317215000.0	2026-06-30	SEC XBRL AssetsCurrent 0001274494-26-000170	unverified
current_liabilities	2111816000.0	2026-06-30	SEC XBRL LiabilitiesCurrent 0001274494-26-000170	unverified
lt_debt	0.0	2026-06-30	SEC XBRL LongTermDebtNoncurrent 0001274494-26-000170	unverified
equity	10320338000.0	2026-06-30	SEC XBRL StockholdersEquity 0001274494-26-000170	unverified
Net income FY2016	-416112000.0	2016-12-31 history	SEC XBRL NetIncomeLoss 0001274494-19-000004	unverified
Net income FY2017	-165615000.0	2017-12-31 history	SEC XBRL NetIncomeLoss 0001274494-20-000011	unverified
Net income FY2018	144326000.0	2018-12-31 history	SEC XBRL NetIncomeLoss 0001628280-21-003343	unverified
Net income FY2019	-114933000.0	2019-12-31 history	SEC XBRL NetIncomeLoss 0001274494-22-000009	unverified
Net income FY2020	398355000.0	2020-12-31 history	SEC XBRL NetIncomeLoss 0001274494-23-000002	unverified
Net income FY2021	468693000.0	2021-12-31 history	SEC XBRL NetIncomeLoss 0001274494-24-000004	unverified
Net income FY2022	-44166000.0	2022-12-31 history	SEC XBRL NetIncomeLoss 0001274494-25-000010	unverified
Net income FY2023	830777000.0	2023-12-31 history	SEC XBRL NetIncomeLoss 0001274494-26-000021	unverified
Net income FY2024	1292044000.0	2024-12-31 history	SEC XBRL NetIncomeLoss 0001274494-26-000021	unverified
Net income FY2025	1528229000.0	2025-12-31 history	SEC XBRL NetIncomeLoss 0001274494-26-000021	unverified
Dividend years (Yahoo)	[]	history	Yahoo Finance dividend history	verified (partly: XBRL covers 1 of 20 years)
Dividends per share FY2013 (XBRL)	0.0	2013-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0001274494-14-000011	verified
EPS diluted FY2014	3.9	2014-12-31 history	SEC XBRL EarningsPerShareDiluted 0001274494-17-000006	unverified
EPS diluted FY2015	5.83	2015-12-31 history	SEC XBRL EarningsPerShareDiluted 0001274494-18-000011	unverified
EPS diluted FY2016	-4.05	2016-12-31 history	SEC XBRL EarningsPerShareDiluted 0001274494-19-000004	unverified
EPS diluted FY2023	7.74	2023-12-31 history	SEC XBRL EarningsPerShareDiluted 0001274494-26-000021	unverified
EPS diluted FY2024	12.02	2024-12-31 history	SEC XBRL EarningsPerShareDiluted 0001274494-26-000021	unverified
EPS diluted FY2025	14.21	2025-12-31 history	SEC XBRL EarningsPerShareDiluted 0001274494-26-000021	unverified
Shares outstanding	107469788.0	2026-07-24	SEC cover page 10-Q 0001274494-26-000170 (107,469,788 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1274494/000127449426000170/fslr-20260630.htm 0001274494-26-000170	not cross-checked

Magic Formula

61 of 100. ok. How this is scored.

Test or factor	Value	Threshold	Points
Earnings yield (EBIT/EV) EBIT trailing twelve months; EV = market cap + debt (37,635,000) - cash	10.75 % (rank 8)
Return on capital (EBIT/(NWC+PPE)) net working capital 3,205,399,000 used as reported	20.45 % (rank 150)
Combined rank	158

Inputs, 14 numbers with their sources

Input	Value	Period	Source	Check
operating_income	1596864000.0	2025-12-31 history	SEC XBRL OperatingIncomeLoss 0001274494-26-000021	not cross-checked
operating_income_q	345303000.0	2026-03-31 stale	SEC XBRL OperatingIncomeLoss (quarter CY2026Q1) 0001274494-26-000109	not cross-checked
operating_income_q	221244000.0	2025-03-31 history	SEC XBRL OperatingIncomeLoss (quarter CY2025Q1) 0001274494-26-000109	not cross-checked
operating_income_q	450386000.0	2026-06-30	SEC XBRL OperatingIncomeLoss (quarter CY2026Q2) 0001274494-26-000170	not cross-checked
operating_income_q	361607000.0	2025-06-30 history	SEC XBRL OperatingIncomeLoss (quarter CY2025Q2) 0001274494-26-000170	not cross-checked
current_assets	5317215000.0	2026-06-30	SEC XBRL AssetsCurrent 0001274494-26-000170	not cross-checked
current_liabilities	2111816000.0	2026-06-30	SEC XBRL LiabilitiesCurrent 0001274494-26-000170	not cross-checked
cash	1688279000.0	2026-06-30	SEC XBRL CashAndCashEquivalentsAtCarryingValue 0001274494-26-000170	not cross-checked
ppe_net	5643539000.0	2026-06-30	SEC XBRL PropertyPlantAndEquipmentNet 0001274494-26-000170	not cross-checked
lt_debt	0.0	2026-06-30	SEC XBRL LongTermDebtNoncurrent 0001274494-26-000170	not cross-checked
total_debt	37635000.0	2026-06-30	SEC XBRL DebtCurrent 0001274494-26-000170	not cross-checked
shares_out	107469788.0	2026-07-24	SEC cover page 10-Q 0001274494-26-000170 (107,469,788 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1274494/000127449426000170/fslr-20260630.htm 0001274494-26-000170	not cross-checked
Price (close)	171.99	2026-10-23	Yahoo Finance / Alpaca Market Data	not cross-checked
note	debt = LongTermDebtNoncurrent + DebtCurrent			not cross-checked

Momentum

22 of 100. ok. How this is scored.

Test or factor	Value	Points
12-1 month return	-16.2 % (percentile 18.1)	9.1 / 50
6 month return	-12.3 % (percentile 17.5)	3.5 / 20
Price / 52-week high	0.54	8.1 / 15
Volatility penalty (60d annualised)	51.0 %	1.7 / 15

Inputs, 1 numbers with their sources

Input	Value	Period	Source	Check
Adjusted close series (14 months)	171.99	2026-10-23	Yahoo Finance / Alpaca Market Data daily history	not cross-checked

Insider

0 of 100. ok. How this is scored. Form 4 data loaded through 2026-10-23

Test or factor	Value	Points
Open-market buy value / market cap (percentile among buyers)	0.0 bp	0.0 / 35
Distinct buyers	0	0.0 / 25
Buyer seniority	0.0	0.0 / 20
Recency (half-life 30d)	0.0	0.0 / 10
Sales penalty (excludes 10b5-1 plan sales)	0.02 bp	-0.6 / 0

Inputs, 9 numbers with their sources

Input	Value	Period	Source	Check
Form 4 S Sloan Samantha L. 2026-08-17	28314.649999999998	2026-08-17	SEC Form 4 (insider transactions data set)	not cross-checked
excluded 2026-10-01 S	10b5-1 plan		rule	not cross-checked
excluded 2026-09-01 S	10b5-1 plan		rule	not cross-checked
excluded 2026-08-11 S	10b5-1 plan		rule	not cross-checked
excluded 2026-08-04 S	10b5-1 plan		rule	not cross-checked
excluded 2026-08-03 S	10b5-1 plan		rule	not cross-checked
excluded 2026-08-03 S	10b5-1 plan		rule	not cross-checked
excluded 2026-08-03 S	10b5-1 plan		rule	not cross-checked
excluded 2026-08-03 S	10b5-1 plan		rule	not cross-checked

Buffett Quality

34 of 100. ok. How this is scored.

Test or factor	Value	Threshold	Points
1 Average return on equity (net income / year-end equity)	7.4% over 8 yrs	>= 15%	0.0 / 25
2 Profitable every year	6 of 10	all years	9.0 / 15
3 Net income growth, 3-yr average now vs start of window growth rate undefined	base or latest average not positive	>= +10%	0.0 / 10
4 Borrowings / 3-yr average earnings (years to repay) LongTermDebtNoncurrent + DebtCurrent	0.0 years	<= 4	15.0 / 15
5 Operating margin, 5-yr average	21.7%	>= 20%	10.0 / 10
6 Free cash flow / net income, 5-yr (operating cash flow minus capex)	-0.06	>= 1.0	0.0 / 10
7 Owner-earnings yield (3-yr avg free cash flow / market cap)	0.2%	>= 7%	0.0 / 15

Inputs, 50 numbers with their sources

Input	Value	Period	Source	Check
Price (close, per traded unit)	171.99	2026-10-23	Alpaca Market Data (consolidated SIP daily bar)	not cross-checked
Net income FY2018	144326000.0	2018-12-31 history	SEC XBRL NetIncomeLoss 0001628280-21-003343	unverified
Equity at FY2018 end	5212403000.0	2018-12-31 history	SEC XBRL StockholdersEquity 0001274494-22-000009	unverified
Net income FY2019	-114933000.0	2019-12-31 history	SEC XBRL NetIncomeLoss 0001274494-22-000009	unverified
Equity at FY2019 end	5096767000.0	2019-12-31 history	SEC XBRL StockholdersEquity 0001274494-23-000002	unverified
Net income FY2020	398355000.0	2020-12-31 history	SEC XBRL NetIncomeLoss 0001274494-23-000002	unverified
Equity at FY2020 end	5520928000.0	2020-12-31 history	SEC XBRL StockholdersEquity 0001274494-24-000004	unverified
Net income FY2021	468693000.0	2021-12-31 history	SEC XBRL NetIncomeLoss 0001274494-24-000004	unverified
Equity at FY2021 end	5959551000.0	2021-12-31 history	SEC XBRL StockholdersEquity 0001274494-25-000010	unverified
Net income FY2022	-44166000.0	2022-12-31 history	SEC XBRL NetIncomeLoss 0001274494-25-000010	unverified
Equity at FY2022 end	5836055000.0	2022-12-31 history	SEC XBRL StockholdersEquity 0001274494-26-000021	unverified
Net income FY2023	830777000.0	2023-12-31 history	SEC XBRL NetIncomeLoss 0001274494-26-000021	unverified
Equity at FY2023 end	6687469000.0	2023-12-31 history	SEC XBRL StockholdersEquity 0001274494-26-000021	unverified
Net income FY2024	1292044000.0	2024-12-31 history	SEC XBRL NetIncomeLoss 0001274494-26-000021	unverified
Equity at FY2024 end	7977577000.0	2024-12-31 history	SEC XBRL StockholdersEquity 0001274494-26-000170	unverified
Net income FY2025	1528229000.0	2025-12-31 history	SEC XBRL NetIncomeLoss 0001274494-26-000021	unverified
Equity at FY2025 end	9537993000.0	2025-12-31 history	SEC XBRL StockholdersEquity 0001274494-26-000170	unverified
Net income FY2016	-416112000.0	2016-12-31 history	SEC XBRL NetIncomeLoss 0001274494-19-000004	unverified
Net income FY2017	-165615000.0	2017-12-31 history	SEC XBRL NetIncomeLoss 0001274494-20-000011	unverified
Net income FY2018	144326000.0	2018-12-31 history	SEC XBRL NetIncomeLoss 0001628280-21-003343	unverified
Net income FY2019	-114933000.0	2019-12-31 history	SEC XBRL NetIncomeLoss 0001274494-22-000009	unverified
Net income FY2020	398355000.0	2020-12-31 history	SEC XBRL NetIncomeLoss 0001274494-23-000002	unverified
Net income FY2021	468693000.0	2021-12-31 history	SEC XBRL NetIncomeLoss 0001274494-24-000004	unverified
Net income FY2022	-44166000.0	2022-12-31 history	SEC XBRL NetIncomeLoss 0001274494-25-000010	unverified
Net income FY2023	830777000.0	2023-12-31 history	SEC XBRL NetIncomeLoss 0001274494-26-000021	unverified
Net income FY2024	1292044000.0	2024-12-31 history	SEC XBRL NetIncomeLoss 0001274494-26-000021	unverified
Net income FY2025	1528229000.0	2025-12-31 history	SEC XBRL NetIncomeLoss 0001274494-26-000021	unverified
lt_debt	0.0	2026-06-30	SEC XBRL LongTermDebtNoncurrent 0001274494-26-000170	unverified
total_debt	37635000.0	2026-06-30	SEC XBRL DebtCurrent 0001274494-26-000170	unverified
Operating income FY2021	586751000.0	2021-12-31 history	SEC XBRL OperatingIncomeLoss 0001274494-24-000004	unverified
Revenue FY2021	2923377000.0	2021-12-31 history	SEC XBRL Revenues 0001274494-24-000004	unverified
Operating income FY2022	-27236000.0	2022-12-31 history	SEC XBRL OperatingIncomeLoss 0001274494-25-000010	unverified
Revenue FY2022	2619319000.0	2022-12-31 history	SEC XBRL Revenues 0001274494-25-000010	unverified
Operating income FY2023	857266000.0	2023-12-31 history	SEC XBRL OperatingIncomeLoss 0001274494-26-000021	unverified
Revenue FY2023	3318602000.0	2023-12-31 history	SEC XBRL Revenues 0001274494-26-000021	unverified
Operating income FY2024	1394420000.0	2024-12-31 history	SEC XBRL OperatingIncomeLoss 0001274494-26-000021	unverified
Revenue FY2024	4206289000.0	2024-12-31 history	SEC XBRL Revenues 0001274494-26-000021	unverified
Operating income FY2025	1596864000.0	2025-12-31 history	SEC XBRL OperatingIncomeLoss 0001274494-26-000021	unverified
Revenue FY2025	5219376000.0	2025-12-31 history	SEC XBRL Revenues 0001274494-26-000021	unverified
Operating cash flow FY2021	237559000.0	2021-12-31 history	SEC XBRL NetCashProvidedByUsedInOperatingActivities 0001274494-24-000004	unverified
Capital expenditure FY2021	540291000.0	2021-12-31 history	SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment 0001274494-24-000004	unverified
Operating cash flow FY2022	873369000.0	2022-12-31 history	SEC XBRL NetCashProvidedByUsedInOperatingActivities 0001274494-25-000010	unverified
Capital expenditure FY2022	903605000.0	2022-12-31 history	SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment 0001274494-25-000010	unverified
Operating cash flow FY2023	602260000.0	2023-12-31 history	SEC XBRL NetCashProvidedByUsedInOperatingActivities 0001274494-26-000021	unverified
Capital expenditure FY2023	1386775000.0	2023-12-31 history	SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment 0001274494-26-000021	unverified
Operating cash flow FY2024	1217999000.0	2024-12-31 history	SEC XBRL NetCashProvidedByUsedInOperatingActivities 0001274494-26-000021	unverified
Capital expenditure FY2024	1526076000.0	2024-12-31 history	SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment 0001274494-26-000021	unverified
Operating cash flow FY2025	2057105000.0	2025-12-31 history	SEC XBRL NetCashProvidedByUsedInOperatingActivities 0001274494-26-000021	unverified
Capital expenditure FY2025	869875000.0	2025-12-31 history	SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment 0001274494-26-000021	unverified
Shares outstanding	107469788.0	2026-07-24	SEC cover page 10-Q 0001274494-26-000170 (107,469,788 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1274494/000127449426000170/fslr-20260630.htm 0001274494-26-000170	not cross-checked

Lynch GARP

97 of 100. ok. How this is scored.

Test or factor	Value	Threshold	Points
1 PEG: P/E divided by 5-yr EPS growth (in % points)	0.39	<= 1.0	30.0 / 30
2 EPS growth, 5-yr compound rate	+30.7% a year	12% to 35% a year	20.0 / 20
3 P/E on latest annual EPS	12.1	<= 25	10.0 / 10
4 Borrowings / equity LongTermDebtNoncurrent + DebtCurrent	0.0	<= 0.5	15.0 / 15
5 Years of the last 5 in which EPS rose	4 of 5	5 of 5	12.0 / 15
6 Net cash (cash minus borrowings) / market cap	+8.9%	>= +10%	9.7 / 10

Inputs, 7 numbers with their sources

Input	Value	Period	Source	Check
Price (close, per traded unit)	171.99	2026-10-23	Alpaca Market Data (consolidated SIP daily bar)	not cross-checked
EPS diluted FY2025	14.21	2025-12-31 history	SEC XBRL EarningsPerShareDiluted 0001274494-26-000021	unverified
EPS diluted FY2020	3.73	2020-12-31 history	SEC XBRL EarningsPerShareDiluted 0001274494-23-000002	unverified
lt_debt	0.0	2026-06-30	SEC XBRL LongTermDebtNoncurrent 0001274494-26-000170	unverified
total_debt	37635000.0	2026-06-30	SEC XBRL DebtCurrent 0001274494-26-000170	unverified
equity	10320338000.0	2026-06-30	SEC XBRL StockholdersEquity 0001274494-26-000170	unverified
cash	1688279000.0	2026-06-30	SEC XBRL CashAndCashEquivalentsAtCarryingValue 0001274494-26-000170	unverified

Graham Enterprising

62 of 100. ok. How this is scored.

Test or factor	Value	Threshold	Points
1 Current ratio	2.52	>= 1.5	15.0 / 15
2 Borrowings vs working capital LongTermDebtNoncurrent + DebtCurrent	0.01 x	<= 1.1x	15.0 / 15
3 No earnings deficit in the last 5 years	4 of 5 profitable	5 of 5	12.0 / 15
4 Pays a current dividend	no	yes	0.0 / 10
5 EPS higher than five years earlier	3.73 -> 14.21	higher	10.0 / 10
6 Price / book value per share book value used because intangibles are not separated in the dataset (Graham uses net tangible assets)	1.79	<= 1.2	10.1 / 20
7 Price / net current asset value per share (current assets minus all liabilities)	8.22	<= 0.67	0.0 / 15

Inputs, 16 numbers with their sources

Input	Value	Period	Source	Check
Price (close, per traded unit)	171.99	2026-10-23	Alpaca Market Data (consolidated SIP daily bar)	not cross-checked
current_assets	5317215000.0	2026-06-30	SEC XBRL AssetsCurrent 0001274494-26-000170	unverified
current_liabilities	2111816000.0	2026-06-30	SEC XBRL LiabilitiesCurrent 0001274494-26-000170	unverified
lt_debt	0.0	2026-06-30	SEC XBRL LongTermDebtNoncurrent 0001274494-26-000170	unverified
total_debt	37635000.0	2026-06-30	SEC XBRL DebtCurrent 0001274494-26-000170	unverified
Net income FY2021	468693000.0	2021-12-31 history	SEC XBRL NetIncomeLoss 0001274494-24-000004	unverified
Net income FY2022	-44166000.0	2022-12-31 history	SEC XBRL NetIncomeLoss 0001274494-25-000010	unverified
Net income FY2023	830777000.0	2023-12-31 history	SEC XBRL NetIncomeLoss 0001274494-26-000021	unverified
Net income FY2024	1292044000.0	2024-12-31 history	SEC XBRL NetIncomeLoss 0001274494-26-000021	unverified
Net income FY2025	1528229000.0	2025-12-31 history	SEC XBRL NetIncomeLoss 0001274494-26-000021	unverified
Dividend years (Yahoo)	[]	history	Yahoo Finance dividend history	not cross-checked
EPS diluted FY2025	14.21	2025-12-31 history	SEC XBRL EarningsPerShareDiluted 0001274494-26-000021	unverified
EPS diluted FY2020	3.73	2020-12-31 history	SEC XBRL EarningsPerShareDiluted 0001274494-23-000002	unverified
equity	10320338000.0	2026-06-30	SEC XBRL StockholdersEquity 0001274494-26-000170	unverified
Shares outstanding	107469788.0	2026-07-24	SEC cover page 10-Q 0001274494-26-000170 (107,469,788 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1274494/000127449426000170/fslr-20260630.htm 0001274494-26-000170	not cross-checked
liabilities	3068260000.0	2026-06-30	SEC XBRL Liabilities 0001274494-26-000170	unverified

Piotroski F-Score

89 of 100. ok. How this is scored.

Test or factor	Value	Threshold	Points
1 Return on assets is positive	11.5%	pass = 1	11.11111111111111 / 11.11111111111111
2 Operating cash flow is positive	2,057M	pass = 1	11.11111111111111 / 11.11111111111111
3 Return on assets improved on the prior year	10.7% -> 11.5%	pass = 1	11.11111111111111 / 11.11111111111111
4 Operating cash flow exceeds net income (accruals)	2,057M vs 1,528M	pass = 1	11.11111111111111 / 11.11111111111111
5 Long-term debt / assets fell	3.1% -> 2.1%	pass = 1	11.11111111111111 / 11.11111111111111
6 Current ratio improved	2.45 -> 2.67	pass = 1	11.11111111111111 / 11.11111111111111
7 No new shares issued (share count did not rise)	107M -> 107M	pass = 1	11.11111111111111 / 11.11111111111111
8 Operating margin improved (stand-in for gross margin, which the dataset does not carry)	33.2% -> 30.6%	pass = 1	0.0 / 11.11111111111111
9 Asset turnover (revenue / assets) improved	0.35 -> 0.39	pass = 1	11.11111111111111 / 11.11111111111111

Inputs, 27 numbers with their sources

Input	Value	Period	Source	Check
net_income 2025-12-31	1528229000.0	2025-12-31 history	SEC XBRL NetIncomeLoss 0001274494-26-000021	unverified
total_assets 2025-12-31	13321310000.0	2025-12-31 history	SEC XBRL Assets 0001274494-26-000170	unverified
cfo 2025-12-31	2057105000.0	2025-12-31 history	SEC XBRL NetCashProvidedByUsedInOperatingActivities 0001274494-26-000021	unverified
net_income 2025-12-31	1528229000.0	2025-12-31 history	SEC XBRL NetIncomeLoss 0001274494-26-000021	unverified
net_income 2024-12-31	1292044000.0	2024-12-31 history	SEC XBRL NetIncomeLoss 0001274494-26-000021	unverified
total_assets 2025-12-31	13321310000.0	2025-12-31 history	SEC XBRL Assets 0001274494-26-000170	unverified
total_assets 2024-12-31	12124361000.0	2024-12-31 history	SEC XBRL Assets 0001274494-26-000021	unverified
cfo 2025-12-31	2057105000.0	2025-12-31 history	SEC XBRL NetCashProvidedByUsedInOperatingActivities 0001274494-26-000021	unverified
net_income 2025-12-31	1528229000.0	2025-12-31 history	SEC XBRL NetIncomeLoss 0001274494-26-000021	unverified
lt_debt 2025-12-31	282593000.0	2025-12-31 history	SEC XBRL LongTermDebtNoncurrent 0001274494-26-000170	unverified
lt_debt 2024-12-31	373354000.0	2024-12-31 history	SEC XBRL LongTermDebtNoncurrent 0001274494-26-000021	unverified
total_assets 2025-12-31	13321310000.0	2025-12-31 history	SEC XBRL Assets 0001274494-26-000170	unverified
total_assets 2024-12-31	12124361000.0	2024-12-31 history	SEC XBRL Assets 0001274494-26-000021	unverified
current_assets 2025-12-31	6028832000.0	2025-12-31 history	SEC XBRL AssetsCurrent 0001274494-26-000170	unverified
current_assets 2024-12-31	5089033000.0	2024-12-31 history	SEC XBRL AssetsCurrent 0001274494-26-000021	unverified
current_liabilities 2025-12-31	2254102000.0	2025-12-31 history	SEC XBRL LiabilitiesCurrent 0001274494-26-000170	unverified
current_liabilities 2024-12-31	2077442000.0	2024-12-31 history	SEC XBRL LiabilitiesCurrent 0001274494-26-000021	unverified
shares_out 2026-07-24	107469788.0	2026-07-24 history	SEC XBRL EntityCommonStockSharesOutstanding 0001274494-26-000170	unverified
shares_out 2025-07-25	107247651.0	2025-07-25 history	SEC XBRL EntityCommonStockSharesOutstanding 0001274494-25-000054	unverified
operating_income 2025-12-31	1596864000.0	2025-12-31 history	SEC XBRL OperatingIncomeLoss 0001274494-26-000021	unverified
operating_income 2024-12-31	1394420000.0	2024-12-31 history	SEC XBRL OperatingIncomeLoss 0001274494-26-000021	unverified
revenue 2025-12-31	5219376000.0	2025-12-31 history	SEC XBRL Revenues 0001274494-26-000021	unverified
revenue 2024-12-31	4206289000.0	2024-12-31 history	SEC XBRL Revenues 0001274494-26-000021	unverified
revenue 2025-12-31	5219376000.0	2025-12-31 history	SEC XBRL Revenues 0001274494-26-000021	unverified
revenue 2024-12-31	4206289000.0	2024-12-31 history	SEC XBRL Revenues 0001274494-26-000021	unverified
total_assets 2025-12-31	13321310000.0	2025-12-31 history	SEC XBRL Assets 0001274494-26-000170	unverified
total_assets 2024-12-31	12124361000.0	2024-12-31 history	SEC XBRL Assets 0001274494-26-000021	unverified

Earnings record

SEC XBRL, by fiscal year (named by the calendar year it ends in); EPS split-adjusted to today's shares; each row links to the filing.

FY	Ended	Revenue, $M	Net income, $M	EPS diluted	Dividend	Filing
2013	2013-12-31	3,310	351	3.67	none	0001274494-16-000067
2014	2014-12-31	3,391	396	3.9	none	0001274494-17-000006
2015	2015-12-31	4,113	593	5.83	none	0001274494-18-000011
2016	2016-12-31	2,905	-416	-4.05	none	0001274494-19-000004
2017	2017-12-31	2,941	-166	-1.59	none	0001274494-20-000011
2018	2018-12-31	2,244	144	1.36	none	0001628280-21-003343
2019	2019-12-31	3,063	-115	-1.09	none	0001274494-22-000009
2020	2020-12-31	2,711	398	3.73	none	0001274494-23-000002
2021	2021-12-31	2,923	469	4.38	none	0001274494-24-000004
2022	2022-12-31	2,619	-44	-0.41	none	0001274494-25-000010
2023	2023-12-31	3,319	831	7.74	none	0001274494-26-000021
2024	2024-12-31	4,206	1,292	12.02	none	0001274494-26-000021
2025	2025-12-31	5,219	1,528	14.21	none	0001274494-26-000021

Insider transactions

SEC Form 4 open-market purchases and sales from the insider data sets; latest 20.

Date	Insider	Role	Type	Shares	Price	Value
2026-10-01	Gloeckler Markus	officer	sale plan	800	174.00	139,200
2026-09-01	Gloeckler Markus	officer	sale plan	800	200.00	160,000
2026-08-17	Sloan Samantha L.	officer	sale	127	222.95	28,315
2026-08-11	Dymbort Jason E.	officer	sale plan	3,700	249.38	922,706
2026-08-04	Gloeckler Markus	officer	sale plan	829	248.00	205,592
2026-08-03	Koralewski Michael	officer	sale plan	3,500	225.00	787,500
2026-08-03	Koralewski Michael	officer	sale plan	3,500	218.02	763,070
2026-08-03	Gloeckler Markus	officer	sale plan	2,625	218.02	572,302
2026-08-03	Gloeckler Markus	officer	sale plan	800	222.00	177,600
2026-06-02	Buehler Patrick James	officer	sale	3,000	302.00	906,000
2026-05-28	Stockdale Caroline	officer	sale	10,628	275.60	2,929,077
2026-05-26	Widmar Mark R	CEO	sale	1,237	266.60	329,784
2026-05-26	Widmar Mark R	CEO	sale	1,009	268.89	271,310
2026-05-26	Widmar Mark R	CEO	sale	628	267.72	168,128
2026-05-26	Widmar Mark R	CEO	sale	126	276.29	34,813
2026-05-26	Widmar Mark R	CEO	sale	473	273.17	129,209
2026-05-26	Widmar Mark R	CEO	sale	726	271.23	196,913
2026-05-26	Widmar Mark R	CEO	sale	632	270.05	170,672
2026-05-26	Widmar Mark R	CEO	sale	364	265.15	96,515
2026-05-22	Widmar Mark R	CEO	sale	47	258.48	12,149

Filings and links

Third-party sites are linked only; nothing from them is stored here.

SEC: filing index, 8-K, Form 4, XBRL companyfacts
Prices: Yahoo Finance, Stooq
Elsewhere: morningstar, finviz, stockanalysis, seeking alpha, openinsider, google news

Cite as: The Claude Trader snapshot 2026-10-26, https://theclaudetrader.com/s/FSLR; data from SEC EDGAR XBRL and market prices (Alpaca Market Data, Yahoo Finance) to 2026-10-23. Data last checked 2026-10-26.