Company / Gross Margin
First Solar Gross Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Gross Margin
40.6%
FY2025
5-year range
2.7% / 44.2%
FY2021-FY2025
Trend
-8.0%
vs FY2024
Sector context
#159 of 225
Information Technology
What the data says
At 40.6%, First Solar's gross margin ranks #159 of 225 in the Information Technology sector. Gross Margin has fluctuated over the past 10 years, ranging from 2.7% in FY2022 to 44.2% in FY2024.
Based on SEC 10-K filings.
40.6% in FY2025 with a 5-year CAGR of +15.5%.
Improved from 39.2% to 40.6% over the past 2 years.
Information Technology sector context is included.
Gross Margin over time
Growth rates
- 3-Year Change
- +38.0pp
- 5-Year Change
- +15.5pp
- 10-Year Change
- -
Sector benchmark
#159 of 225 in Information TechnologyTop 71% of 225This company 40.6% Sector average 53.6%
▼
-24.2% below sector average
Key checks
Key Insights
- In FY2025, gross margin decreased 8.0% year-over-year.
- Currently 13.0pp below the Information Technology sector average.
- Peak gross margin was recorded in FY2024.
- Lowest gross margin in the period was in FY2022.
Company context
Key Data Points
- Strong profit margin: 27.7%
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Gross MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 40.6% | -8.0% |
| FY2024 | 44.2% | +12.7% |
| FY2023 | 39.2% | +1367.8% |
| FY2022 | 2.7% | -89.3% |
| FY2021 | 25.0% | -0.5% |
| FY2020 | 25.1% | +40.0% |
| FY2019 | 17.9% | +2.6% |
| FY2018 | 17.5% | -6.3% |
| FY2017 | 18.7% | -15.1% |
| FY2016 | 22.0% | -20.2% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026