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Side-by-side financial comparison of Agilent Technologies (A) and First Solar (FSLR). Click either name above to swap in a different company.

Agilent Technologies is the larger business by last-quarter revenue ($1.8B vs $1.7B, roughly 1.1× First Solar). First Solar runs the higher net margin — 31.0% vs 17.0%, a 14.0% gap on every dollar of revenue. On growth, First Solar posted the faster year-over-year revenue change (11.1% vs 7.0%). First Solar produced more free cash flow last quarter ($1.1B vs $175.0M). Over the past eight quarters, First Solar's revenue compounded faster (45.6% CAGR vs 6.9%).

Agilent Technologies, Inc. provides application focused solutions to the life sciences, diagnostics, and applied chemical markets worldwide. The Life Sciences and Applied Markets segment offers liquid chromatography systems and components; liquid chromatography mass spectrometry systems; gas chromatography systems and components; gas chromatography mass spectrometry systems; inductively coupled plasma mass spectrometry instruments; atomic absorption instruments; microwave plasma-atomic emissi...

First Solar, Inc. is a publicly traded American manufacturer of solar panels. First Solar uses rigid thin-film modules for its solar panels, and produces CdTe panels using cadmium telluride (CdTe) as a semiconductor. The company was founded in 1990 by inventor Harold McMaster as Solar Cells, Inc. In 1999 it was purchased by True North Partners, LLC, which rebranded it as First Solar, Inc. It provides end-of-life panel recycling at each of its manufacturing facilities.

A vs FSLR — Head-to-Head

Bigger by revenue
A
A
1.1× larger
A
$1.8B
$1.7B
FSLR
Growing faster (revenue YoY)
FSLR
FSLR
+4.2% gap
FSLR
11.1%
7.0%
A
Higher net margin
FSLR
FSLR
14.0% more per $
FSLR
31.0%
17.0%
A
More free cash flow
FSLR
FSLR
$895.2M more FCF
FSLR
$1.1B
$175.0M
A
Faster 2-yr revenue CAGR
FSLR
FSLR
Annualised
FSLR
45.6%
6.9%
A

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
A
A
FSLR
FSLR
Revenue
$1.8B
$1.7B
Net Profit
$305.0M
$520.9M
Gross Margin
52.6%
39.5%
Operating Margin
19.6%
32.6%
Net Margin
17.0%
31.0%
Revenue YoY
7.0%
11.1%
Net Profit YoY
-4.1%
32.5%
EPS (diluted)
$1.07
$4.84

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
A
A
FSLR
FSLR
Q1 26
$1.8B
Q4 25
$1.9B
$1.7B
Q3 25
$1.7B
$1.6B
Q2 25
$1.7B
$1.1B
Q1 25
$1.7B
$844.6M
Q4 24
$1.7B
$1.5B
Q3 24
$1.6B
$887.7M
Q2 24
$1.6B
$1.0B
Net Profit
A
A
FSLR
FSLR
Q1 26
$305.0M
Q4 25
$434.0M
$520.9M
Q3 25
$336.0M
$455.9M
Q2 25
$215.0M
$341.9M
Q1 25
$318.0M
$209.5M
Q4 24
$351.0M
$393.1M
Q3 24
$282.0M
$313.0M
Q2 24
$308.0M
$349.4M
Gross Margin
A
A
FSLR
FSLR
Q1 26
52.6%
Q4 25
53.2%
39.5%
Q3 25
51.1%
38.3%
Q2 25
51.9%
45.6%
Q1 25
53.5%
40.8%
Q4 24
53.9%
37.5%
Q3 24
54.2%
50.2%
Q2 24
54.4%
49.4%
Operating Margin
A
A
FSLR
FSLR
Q1 26
19.6%
Q4 25
23.8%
32.6%
Q3 25
20.7%
29.2%
Q2 25
18.0%
33.0%
Q1 25
22.4%
26.2%
Q4 24
24.0%
30.2%
Q3 24
21.1%
36.3%
Q2 24
23.1%
36.9%
Net Margin
A
A
FSLR
FSLR
Q1 26
17.0%
Q4 25
23.3%
31.0%
Q3 25
19.3%
28.6%
Q2 25
12.9%
31.2%
Q1 25
18.9%
24.8%
Q4 24
20.6%
26.0%
Q3 24
17.9%
35.3%
Q2 24
19.6%
34.6%
EPS (diluted)
A
A
FSLR
FSLR
Q1 26
$1.07
Q4 25
$1.53
$4.84
Q3 25
$1.18
$4.24
Q2 25
$0.75
$3.18
Q1 25
$1.11
$1.95
Q4 24
$1.23
$3.66
Q3 24
$0.97
$2.91
Q2 24
$1.05
$3.25

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
A
A
FSLR
FSLR
Cash + ST InvestmentsLiquidity on hand
$1.8B
$2.8B
Total DebtLower is stronger
$3.0B
Stockholders' EquityBook value
$6.9B
$9.5B
Total Assets
$12.8B
$13.3B
Debt / EquityLower = less leverage
0.44×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
A
A
FSLR
FSLR
Q1 26
$1.8B
Q4 25
$1.8B
$2.8B
Q3 25
$1.5B
$2.0B
Q2 25
$1.5B
$1.1B
Q1 25
$1.5B
$837.6M
Q4 24
$1.3B
$1.6B
Q3 24
$1.8B
$1.0B
Q2 24
$1.7B
$1.7B
Total Debt
A
A
FSLR
FSLR
Q1 26
$3.0B
Q4 25
$3.0B
Q3 25
$3.4B
Q2 25
$3.3B
Q1 25
$3.3B
Q4 24
$3.3B
Q3 24
$2.1B
Q2 24
$2.1B
Stockholders' Equity
A
A
FSLR
FSLR
Q1 26
$6.9B
Q4 25
$6.7B
$9.5B
Q3 25
$6.4B
$9.0B
Q2 25
$6.1B
$8.5B
Q1 25
$6.0B
$8.2B
Q4 24
$5.9B
$8.0B
Q3 24
$5.9B
$7.6B
Q2 24
$6.2B
$7.3B
Total Assets
A
A
FSLR
FSLR
Q1 26
$12.8B
Q4 25
$12.7B
$13.3B
Q3 25
$12.2B
$13.5B
Q2 25
$12.2B
$12.9B
Q1 25
$11.9B
$12.1B
Q4 24
$11.8B
$12.1B
Q3 24
$11.0B
$11.4B
Q2 24
$10.9B
$11.0B
Debt / Equity
A
A
FSLR
FSLR
Q1 26
0.44×
Q4 25
0.45×
Q3 25
0.53×
Q2 25
0.55×
Q1 25
0.56×
Q4 24
0.57×
Q3 24
0.36×
Q2 24
0.34×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
A
A
FSLR
FSLR
Operating Cash FlowLast quarter
$268.0M
$1.2B
Free Cash FlowOCF − Capex
$175.0M
$1.1B
FCF MarginFCF / Revenue
9.7%
63.6%
Capex IntensityCapex / Revenue
5.2%
10.2%
Cash ConversionOCF / Net Profit
0.88×
2.38×
TTM Free Cash FlowTrailing 4 quarters
$993.0M
$1.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
A
A
FSLR
FSLR
Q1 26
$268.0M
Q4 25
$545.0M
$1.2B
Q3 25
$362.0M
$1.3B
Q2 25
$221.0M
$149.6M
Q1 25
$431.0M
$-608.0M
Q4 24
$481.0M
$811.0M
Q3 24
$452.0M
$-53.7M
Q2 24
$333.0M
$193.0M
Free Cash Flow
A
A
FSLR
FSLR
Q1 26
$175.0M
Q4 25
$452.0M
$1.1B
Q3 25
$259.0M
$1.1B
Q2 25
$107.0M
$-138.6M
Q1 25
$334.0M
$-813.9M
Q4 24
$388.0M
$497.5M
Q3 24
$360.0M
$-487.7M
Q2 24
$230.0M
$-172.1M
FCF Margin
A
A
FSLR
FSLR
Q1 26
9.7%
Q4 25
24.3%
63.6%
Q3 25
14.9%
67.1%
Q2 25
6.4%
-12.6%
Q1 25
19.9%
-96.4%
Q4 24
22.8%
32.9%
Q3 24
22.8%
-54.9%
Q2 24
14.6%
-17.0%
Capex Intensity
A
A
FSLR
FSLR
Q1 26
5.2%
Q4 25
5.0%
10.2%
Q3 25
5.9%
12.8%
Q2 25
6.8%
26.3%
Q1 25
5.8%
24.4%
Q4 24
5.5%
20.7%
Q3 24
5.8%
48.9%
Q2 24
6.5%
36.1%
Cash Conversion
A
A
FSLR
FSLR
Q1 26
0.88×
Q4 25
1.26×
2.38×
Q3 25
1.08×
2.79×
Q2 25
1.03×
0.44×
Q1 25
1.36×
-2.90×
Q4 24
1.37×
2.06×
Q3 24
1.60×
-0.17×
Q2 24
1.08×
0.55×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

A
A

Service Other$525.0M29%
Chemicaland Energy Market$422.0M23%
Agilent Cross Lab$273.0M15%
Environmentaland Forensics Market$177.0M10%
Food Market$166.0M9%
Academiaand Government Market$130.0M7%
Applied Markets$98.0M5%

FSLR
FSLR

Segment breakdown not available.

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