GROSSPATTERN / FUNDAMENTAL STATE / POINT IN TIME

FSLR · Sep 30, 2026

FIRST SOLAR, INC.. A multidimensional configuration derived from the filing available at this observation—never a composite score or recommendation.

STATE CAPABILITYLEVEL 4[email protected]

Inspectable configuration

State dimensions

Filing0001274494-26-000212General Corporate

Capex intensity5thOwn-history percentile · N=20

Evidence method

Level · gp.fundamentals.capex_revenue_ratio

12.58% · OPTIONAL · VALID

Operating cash generation35thOwn-history percentile · N=20

Evidence method

Ratio · gp.fundamentals.operating_cash_flow + gp.fundamentals.revenue

-3.49% · OPTIONAL · VALID

Revenue growth10thOwn-history percentile · N=20

Evidence method

Yoy · gp.fundamentals.revenue

-22.82% · CORE · VALID

Inventory pressure35thOwn-history percentile · N=20

Evidence method

Level · gp.fundamentals.inventory_revenue_ratio

92.50% · OPTIONAL · VALID

Gross margin100thOwn-history percentile · N=20

Evidence method

Level · gp.fundamentals.gross_margin

57.93% · CORE · VALID

Operating margin100thOwn-history percentile · N=20

Evidence method

Level · gp.fundamentals.operating_margin

44.37% · CORE · VALID

R&D intensity70thOwn-history percentile · N=20

Evidence method

Ratio · gp.fundamentals.rnd + gp.fundamentals.revenue

5.46% · OPTIONAL · VALID

SBC intensity40thOwn-history percentile · N=20

Evidence method

Level · gp.fundamentals.sbc_revenue_ratio

0.74% · OPTIONAL · VALID

As-filed lineage

Fundamental state history

Each observation is tied to the filing and facts available at that report date. Amendments remain separate.

History7 statesSelf-history eligible

Dec 31, 20190/8 normalizedLevel 3 Mar 31, 20200/8 normalizedLevel 3 Jun 30, 20200/8 normalizedLevel 3 Sep 30, 20200/8 normalizedLevel 3 Dec 31, 20200/9 normalizedLevel 3 Mar 31, 20210/9 normalizedLevel 3 Sep 30, 20268/8 normalizedLevel 4

Period transition

What moved in the state?

Capex Intensity Decreased

Previous: 15.27%
Current: 12.58%
Delta: -2.70%

Cash Generation Increased

Previous: -13.72%
Current: -3.49%
Delta: 10.23%

Growth Decreased

Previous: -3.73%
Current: -22.82%
Delta: -19.08%

Inventory Pressure Decreased

Previous: 103.02%
Current: 92.50%
Delta: -10.52%

Margin Increased

Previous: 57.28%
Current: 57.93%
Delta: 0.65%

Profitability Increased

Previous: 42.64%
Current: 44.37%
Delta: 1.72%

R And D Intensity Decreased

Previous: 7.22%
Current: 5.46%
Delta: -1.76%

Sbc Intensity Increased

Previous: 0.67%
Current: 0.74%
Delta: 0.07%

Self-history only

Previous similar states

Similarity compares compatible valid dimensions from this issuer's own point-in-time history. No market-return claim is attached.

Jun 30, 2026

Similarity: 86%
Compared: 8 dimensions
Coverage: 100%

Growth 5.0 · Margin 0.0 · Profitability 0.0 · Sbc Intensity 15.0 · Capex Intensity 10.0 · Cash Generation 20.0 · R And D Intensity 25.0 · Inventory Pressure 15.0

Jun 30, 2025

Similarity: 75%
Compared: 8 dimensions
Coverage: 100%

Growth 40.0 · Margin 15.0 · Profitability 20.0 · Sbc Intensity 25.0 · Capex Intensity 30.0 · Cash Generation 5.0 · R And D Intensity 5.0 · Inventory Pressure 35.0

Dec 31, 2021

Similarity: 69%
Compared: 7 dimensions
Coverage: 88%

Margin 37.5 · Profitability 25.0 · Sbc Intensity 15.0 · Capex Intensity 57.5 · Cash Generation 15.0 · R And D Intensity 32.5 · Inventory Pressure 10.0

Jun 30, 2024

Similarity: 68%
Compared: 8 dimensions
Coverage: 100%

Growth 47.1 · Margin 0.0 · Profitability 0.0 · Sbc Intensity 17.8 · Capex Intensity 67.2 · Cash Generation 20.6 · R And D Intensity 7.8 · Inventory Pressure 26.1

Dec 31, 2023

Similarity: 65%
Compared: 8 dimensions
Coverage: 100%

Growth 56.7 · Margin 6.3 · Profitability 12.5 · Sbc Intensity 10.0 · Capex Intensity 76.3 · Cash Generation 21.3 · R And D Intensity 1.3 · Inventory Pressure 10.0

Research Graph

Related governed research

Analogous To · FSLR state analogue 2 →Analogous To · FSLR state analogue 1 →Analogous To · FSLR state analogue 5 →Analogous To · FSLR state analogue 3 →Analogous To · FSLR state analogue 4 →Compared To · Semiconductors & Related Devices peers →Derived From · FSLR Company Quality Vector →Has State · FIRST SOLAR, INC. →Transitioned To · FSLR CAPEX_INTENSITY_DECREASED →Transitioned To · FSLR CASH_GENERATION_INCREASED →Transitioned To · FSLR GROWTH_DECREASED →Transitioned To · FSLR INVENTORY_PRESSURE_DECREASED →

Method Percentiles and historical matches use only observations available at each point in time. Missing dimensions remain missing. Public price outcomes and cross-market analogues are deliberately absent.