Where it stands
FSLR among the 75 companies we cover
Among the 75 companies, the better end on the right. The band holds the middle half; the line is the median.
Sales growth
+8.0%+24.1%
+24.1%19th of 75 · median +14.1%
Net margin
10.2%30.1%
37.1%11th of 75 · median 19.1%
Return on equity
12.3%38.4%
17.1%44th of 69 · median 23.9%
Free cash flow margin
15.5%31.7%
4.6%64th of 71 · median 22.3%
Debt / equity (less is better)
0.760.27
0.013rd of 61 · median 0.46
FSLR and 9 peers, year by year
The 9 Technology companies closest to FSLR in revenue over the last twelve months. Every number is from the 10-K and links to it in SEC's Inline XBRL viewer.
Choose the peers
| Company | Year | Revenue | Sales growth | Gross margin | Operating margin | Net margin | FCF margin | Return on equity | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|
| FSLR First Solar | FY2025 | $5.2B | +24.1% | 40.6% | 30.6% | 29.3% | 22.7% | 16.0% | 0.05 |
| TER Teradyne | FY2025 | $3.2B | +13.1% | 58.2% | 20.4% | 17.4% | 14.1% | 19.8% | 0.07 |
| GDDY GoDaddy | FY2025 | $5.0B | +8.3% | - | 22.8% | 17.7% | 31.8% | n/m | 17.57 |
| GEN Gen Digital | FY2026 | $5.0B | +27.1% | 78.5% | 42.4% | 19.5% | 30.5% | 37.3% | 3.14 |
| CRWD CrowdStrike | FY2026 | $4.8B | +21.7% | 74.7% | −6.1% | −3.4% | 27.2% | −3.7% | 0.17 |
| Q Qnity Electronics | FY2025 | $4.8B | +9.7% | - | - | 14.6% | 20.8% | 9.8% | 0.58 |
| MCHP Microchip Technology | FY2026 | $4.7B | +7.1% | 57.7% | 10.4% | 4.9% | 18.5% | 3.6% | 0.85 |
| AKAM Akamai Technologies | FY2025 | $4.2B | +5.4% | - | 13.5% | 10.7% | 24.0% | 9.1% | - |
| DDOG Datadog | FY2025 | $3.4B | +27.7% | 80.0% | −1.3% | 3.1% | 29.2% | 2.9% | - |
| P Everpure | FY2026 | $3.7B | +15.6% | 70.4% | 3.1% | 5.1% | 16.8% | 13.0% | - |
Revenue, FY2021 to FY2025
Revenue as reported in the 10-K.| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| FSLR Dec | $2.9B | $2.6B | $3.3B | $4.2B | $5.2B |
| TER Dec | $3.7B | $3.2B | $2.7B | $2.8B | $3.2B |
| GDDY Dec | $3.8B | $4.1B | $4.3B | $4.6B | $5.0B |
| GEN Apr | $2.6B | $2.8B | $3.3B | $3.8B | $3.9B |
| CRWD Jan | $874.4M | $1.5B | $2.2B | $3.1B | $4.0B |
| Q Dec | - | - | $4.0B | $4.3B | $4.8B |
| MCHP Mar | $5.4B | $6.8B | $8.4B | $7.6B | $4.4B |
| AKAM Dec | $3.5B | $3.6B | $3.8B | $4.0B | $4.2B |
| DDOG Dec | $1.0B | $1.7B | $2.1B | $2.7B | $3.4B |
| P Feb | $1.7B | $2.2B | $2.8B | $2.8B | $3.2B |
| Peer median | $3.0B | $3.0B | $3.3B | $3.8B | $4.0B |
Sales growth, FY2021 to FY2025
Revenue against the fiscal year before.| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| FSLR Dec | +7.8% | −10.4% | +26.7% | +26.7% | +24.1% |
| TER Dec | +18.6% | −14.8% | −15.2% | +5.4% | +13.1% |
| GDDY Dec | +15.0% | +7.2% | +4.0% | +7.5% | +8.3% |
| GEN Apr | +2.4% | +9.6% | +19.4% | +14.6% | +3.6% |
| CRWD Jan | +81.6% | +66.0% | +54.4% | +36.3% | +29.4% |
| Q Dec | - | - | - | +7.4% | +9.7% |
| MCHP Mar | +3.1% | +25.4% | +23.7% | −9.5% | −42.3% |
| AKAM Dec | +8.2% | +4.5% | +5.4% | +4.7% | +5.4% |
| DDOG Dec | +70.5% | +62.8% | +27.1% | +26.1% | +27.7% |
| P Feb | +2.5% | +29.5% | +26.3% | +2.8% | +11.9% |
| Peer median | +11.6% | +17.5% | +21.6% | +7.4% | +9.7% |
Gross margin, FY2021 to FY2025
Gross profit / revenue.| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| FSLR Dec | 25.0% | 2.7% | 39.2% | 44.2% | 40.6% |
| TER Dec | 59.6% | 59.2% | 57.4% | 58.5% | 58.2% |
| GDDY Dec | - | - | - | - | - |
| GEN Apr | 85.8% | 85.4% | 82.2% | 80.8% | 80.3% |
| CRWD Jan | 73.7% | 73.6% | 73.2% | 75.2% | 75.0% |
| Q Dec | - | - | - | - | - |
| MCHP Mar | 62.1% | 65.2% | 67.5% | 65.4% | 56.1% |
| AKAM Dec | - | - | - | - | - |
| DDOG Dec | 77.2% | 79.3% | 80.7% | 80.8% | 80.0% |
| P Feb | 68.2% | 67.5% | 68.9% | 71.4% | 69.8% |
| Peer median | 71.0% | 70.6% | 71.0% | 73.3% | 72.4% |
Operating margin, FY2021 to FY2025
Operating income / revenue.| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| FSLR Dec | 20.1% | −1.0% | 25.8% | 33.2% | 30.6% |
| TER Dec | 32.4% | 26.4% | 18.7% | 21.1% | 20.4% |
| GDDY Dec | 10.0% | 12.2% | 12.9% | 19.5% | 22.8% |
| GEN Apr | 35.1% | 35.9% | 36.4% | 29.2% | 40.9% |
| CRWD Jan | −10.6% | −9.8% | −8.5% | −0.6% | −2.9% |
| Q Dec | - | - | - | - | - |
| MCHP Mar | 18.4% | 27.1% | 36.9% | 33.7% | 6.7% |
| AKAM Dec | 22.6% | 18.7% | 16.7% | 13.4% | 13.5% |
| DDOG Dec | −1.9% | −3.5% | −1.6% | 2.0% | −1.3% |
| P Feb | −15.5% | −4.5% | 3.0% | 1.9% | 2.7% |
| Peer median | 14.2% | 15.4% | 14.8% | 16.5% | 10.1% |
Net margin, FY2021 to FY2025
Net income / revenue.| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| FSLR Dec | 16.0% | −1.7% | 25.0% | 30.7% | 29.3% |
| TER Dec | 27.4% | 22.7% | 16.8% | 19.2% | 17.4% |
| GDDY Dec | 6.4% | 8.6% | 32.3% | 20.5% | 17.7% |
| GEN Apr | 21.7% | 29.9% | 40.2% | 16.0% | 16.3% |
| CRWD Jan | −10.6% | −16.2% | −8.2% | 2.4% | −0.4% |
| Q Dec | - | - | 12.6% | 16.0% | 14.6% |
| MCHP Mar | 6.4% | 18.8% | 26.5% | 25.0% | 0.0% |
| AKAM Dec | 18.8% | 14.5% | 14.4% | 12.7% | 10.7% |
| DDOG Dec | −2.0% | −3.0% | 2.3% | 6.8% | 3.1% |
| P Feb | −16.7% | −6.6% | 2.7% | 2.2% | 3.4% |
| Peer median | 6.4% | 11.5% | 14.4% | 16.0% | 10.7% |
Free cash flow, FY2021 to FY2025
Cash from operations minus capital spending.| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| FSLR Dec | −$302.7M | −$30.2M | −$784.5M | −$308.1M | $1.2B |
| TER Dec | $965.9M | $414.7M | $425.6M | $474.1M | $450.4M |
| GDDY Dec | $778.2M | $920.0M | $1.0B | $1.3B | $1.6B |
| GEN Apr | $700.0M | $968.0M | $751.0M | $2.0B | $1.2B |
| CRWD Jan | $303.8M | $462.6M | $706.0M | $989.7M | $1.1B |
| Q Dec | - | - | $651.0M | $861.0M | $988.0M |
| MCHP Mar | $1.8B | $2.5B | $3.1B | $2.6B | $772.1M |
| AKAM Dec | $1.1B | $1.0B | $890.5M | $1.1B | $1.0B |
| DDOG Dec | $276.6M | $383.1M | $632.4M | $835.9M | $1.0B |
| P Feb | $92.7M | $307.8M | $609.1M | $482.6M | $526.9M |
| Peer median | $739.1M | $691.3M | $706.0M | $989.7M | $1.0B |
FCF margin, FY2021 to FY2025
Free cash flow / revenue.| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| FSLR Dec | −10.4% | −1.2% | −23.6% | −7.3% | 22.7% |
| TER Dec | 26.1% | 13.1% | 15.9% | 16.8% | 14.1% |
| GDDY Dec | 20.4% | 22.5% | 23.6% | 27.6% | 31.8% |
| GEN Apr | 27.4% | 34.6% | 22.6% | 53.8% | 30.6% |
| CRWD Jan | 34.7% | 31.9% | 31.5% | 32.4% | 28.5% |
| Q Dec | - | - | 16.1% | 19.9% | 20.8% |
| MCHP Mar | 33.5% | 36.3% | 37.1% | 34.2% | 17.5% |
| AKAM Dec | 31.1% | 28.6% | 23.4% | 28.3% | 24.0% |
| DDOG Dec | 26.9% | 22.9% | 29.7% | 31.1% | 29.2% |
| P Feb | 5.5% | 14.1% | 22.1% | 17.0% | 16.6% |
| Peer median | 27.2% | 25.7% | 23.4% | 28.3% | 24.0% |
Return on equity, FY2021 to FY2025
Net income / shareholders' equity at the year end.| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| FSLR Dec | 7.9% | −0.8% | 12.4% | 16.2% | 16.0% |
| TER Dec | 39.6% | 29.2% | 17.8% | 19.2% | 19.8% |
| GDDY Dec | n/m | n/m | n/m | 135.4% | n/m |
| GEN Apr | n/m | n/m | 62.0% | 28.4% | 28.3% |
| CRWD Jan | −10.6% | −22.9% | −12.5% | 3.1% | −0.5% |
| Q Dec | - | - | 4.5% | 6.5% | 9.8% |
| MCHP Mar | 6.5% | 21.8% | 34.4% | 28.6% | 0.0% |
| AKAM Dec | 14.4% | 12.0% | 11.9% | 10.4% | 9.1% |
| DDOG Dec | −2.0% | −3.6% | 2.4% | 6.8% | 2.9% |
| P Feb | −37.6% | −19.0% | 7.8% | 4.8% | 8.2% |
| Peer median | 2.3% | 4.2% | 9.8% | 10.4% | 8.6% |
Debt / equity, FY2021 to FY2025
Total debt / shareholders' equity at the year end.| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| FSLR Dec | 0.04 | 0.03 | 0.08 | 0.08 | 0.05 |
| TER Dec | - | - | - | - | 0.07 |
| GDDY Dec | n/m | n/m | n/m | 5.48 | 17.57 |
| GEN Apr | n/m | n/m | 4.54 | 4.02 | 3.64 |
| CRWD Jan | 0.85 | 0.72 | 0.51 | 0.32 | 0.23 |
| Q Dec | - | - | - | 0.00 | 0.58 |
| MCHP Mar | 1.67 | 1.30 | 0.99 | 0.90 | 0.80 |
| AKAM Dec | - | - | - | - | - |
| DDOG Dec | - | - | - | - | - |
| P Feb | 1.01 | 1.04 | 0.61 | 0.08 | 0.08 |
| Peer median | 1.01 | 1.04 | 0.80 | 0.61 | 0.58 |
EPS (diluted), FY2021 to FY2025
Diluted earnings per share, on today's share count after splits.| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| FSLR Dec | $4.38 | −$0.41 | $7.74 | $12.02 | $14.21 |
| TER Dec | $5.53 | $4.22 | $2.73 | $3.32 | $3.47 |
| GDDY Dec | - | - | $9.08 | $6.45 | $6.22 |
| GEN Apr | $0.92 | $1.41 | $2.14 | $0.95 | $1.03 |
| CRWD Jan | −$0.43 | −$1.03 | −$0.79 | $0.30 | −$0.06 |
| Q Dec | - | - | $2.42 | $3.31 | $3.30 |
| MCHP Mar | $0.65 | $2.27 | $4.02 | $3.48 | −$0.01 |
| AKAM Dec | $3.93 | $3.26 | $3.52 | $3.27 | $3.07 |
| DDOG Dec | −$0.07 | −$0.16 | $0.14 | $0.52 | $0.31 |
| P Feb | −$1.05 | −$0.50 | $0.23 | $0.19 | $0.31 |
| Peer median | $0.65 | $1.41 | $2.42 | $3.27 | $1.03 |
Fiscal years are lined up as each company's 10-K names them; the month next to a ticker is when its year ends. Hover a number for the XBRL line items and the filing; click it to open the filing on sec.gov. "n/m" means not meaningful: equity below zero, or a base so close to zero that the ratio says nothing. The peer median leaves out FSLR and needs at least three peers with the number. P/E, P/S and P/FCF at each year end appear here once the site has daily prices. What the same companies write about AI, tariffs and more →
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