First Solar vs Qnity Electronics
First Solar and Qnity Electronics are similar in size: $5.22bn and $4.75bn of revenue in their latest fiscal years. First Solar grew faster (24.1% against 9.7%). First Solar kept more of each dollar of sales as profit: a net margin of 29.3% against 14.6%. First Solar carries less debt relative to equity (5.2% against 57.8%).
| Latest fiscal year | First SolarFSLR, 2025 | Qnity ElectronicsQ, 2025 |
|---|---|---|
| Revenue | $5.22bn | $4.75bn |
| Revenue growth | 24.1% | 9.7% |
| Net income | $1.53bn | $692m |
| Operating margin | 30.6% | — |
| Net margin | 29.3% | 14.6% |
| Return on equity | 17.4% | 7.8% |
| Free cash flow | $1.19bn | $988m |
| Cash | $2.80bn | $915m |
| Total debt | $499m | $4.10bn |
| Debt to equity | 5.2% | 57.8% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | 7,900 | 10,000 |
| Market value | $20.14bn | $25.15bn |
| Price vs our value range | Above our value range | Within our value range |
| Moat score | 34 (Weak) | — |
| Insider trades, 12 months | 0 buys, 164 sales | 3 buys, 6 sales |