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

AUTOLIV INC is the larger business by last-quarter revenue ($2.8B vs $1.7B, roughly 1.7× First Solar). First Solar runs the higher net margin — 31.0% vs 8.0%, a 22.9% gap on every dollar of revenue. On growth, First Solar posted the faster year-over-year revenue change (11.1% vs 7.7%). Over the past eight quarters, First Solar's revenue compounded faster (29.0% CAGR vs 3.8%).

Autoliv is an American-Swedish automotive safety supplier headquartered in Stockholm, Sweden, and incorporated in Delaware, United States as Autoliv, Inc. It is the world’s largest automotive safety system supplier, producing systems such as airbags, seatbelts, and steering wheels for automotive manufacturers. Autoliv's name combines auto for automobiles, and "liv" {‘li:v} the Swedish word for "life".

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.

ALV vs FSLR — Head-to-Head

Bigger by revenue
ALV
ALV
1.7× larger
ALV
$2.8B
$1.7B
FSLR
Growing faster (revenue YoY)
FSLR
FSLR
+3.4% gap
FSLR
11.1%
7.7%
ALV
Higher net margin
FSLR
FSLR
22.9% more per $
FSLR
31.0%
8.0%
ALV
Faster 2-yr revenue CAGR
FSLR
FSLR
Annualised
FSLR
29.0%
3.8%
ALV

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ALV
ALV
FSLR
FSLR
Revenue
$2.8B
$1.7B
Net Profit
$226.0M
$520.9M
Gross Margin
20.3%
39.5%
Operating Margin
11.4%
32.6%
Net Margin
8.0%
31.0%
Revenue YoY
7.7%
11.1%
Net Profit YoY
-7.4%
32.5%
EPS (diluted)
$2.97
$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
ALV
ALV
FSLR
FSLR
Q1 26
$1.7B
Q4 25
$2.8B
$1.7B
Q3 25
$2.7B
$1.6B
Q2 25
$2.7B
$1.1B
Q1 25
$2.6B
$844.6M
Q4 24
$2.6B
$1.5B
Q3 24
$2.6B
$887.7M
Q2 24
$2.6B
$1.0B
Net Profit
ALV
ALV
FSLR
FSLR
Q1 26
$520.9M
Q4 25
$226.0M
$520.9M
Q3 25
$175.0M
$455.9M
Q2 25
$167.0M
$341.9M
Q1 25
$167.0M
$209.5M
Q4 24
$244.0M
$393.1M
Q3 24
$138.0M
$313.0M
Q2 24
$138.0M
$349.4M
Gross Margin
ALV
ALV
FSLR
FSLR
Q1 26
39.5%
Q4 25
20.3%
39.5%
Q3 25
19.3%
38.3%
Q2 25
18.5%
45.6%
Q1 25
18.5%
40.8%
Q4 24
21.0%
37.5%
Q3 24
18.0%
50.2%
Q2 24
18.2%
49.4%
Operating Margin
ALV
ALV
FSLR
FSLR
Q1 26
32.6%
Q4 25
11.4%
32.6%
Q3 25
9.9%
29.2%
Q2 25
9.1%
33.0%
Q1 25
9.9%
26.2%
Q4 24
13.5%
30.2%
Q3 24
8.8%
36.3%
Q2 24
7.9%
36.9%
Net Margin
ALV
ALV
FSLR
FSLR
Q1 26
31.0%
Q4 25
8.0%
31.0%
Q3 25
6.5%
28.6%
Q2 25
6.2%
31.2%
Q1 25
6.5%
24.8%
Q4 24
9.3%
26.0%
Q3 24
5.4%
35.3%
Q2 24
5.3%
34.6%
EPS (diluted)
ALV
ALV
FSLR
FSLR
Q1 26
$4.84
Q4 25
$2.97
$4.84
Q3 25
$2.28
$4.24
Q2 25
$2.16
$3.18
Q1 25
$2.14
$1.95
Q4 24
$3.07
$3.66
Q3 24
$1.74
$2.91
Q2 24
$1.71
$3.25

Balance Sheet & Financial Strength

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

Metric
ALV
ALV
FSLR
FSLR
Cash + ST InvestmentsLiquidity on hand
$604.0M
$2.8B
Total DebtLower is stronger
$498.6M
Stockholders' EquityBook value
$2.6B
$9.5B
Total Assets
$8.6B
$13.3B
Debt / EquityLower = less leverage
0.05×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALV
ALV
FSLR
FSLR
Q1 26
$2.8B
Q4 25
$604.0M
$2.8B
Q3 25
$225.0M
$2.0B
Q2 25
$237.0M
$1.1B
Q1 25
$322.0M
$837.6M
Q4 24
$330.0M
$1.6B
Q3 24
$415.0M
$1.0B
Q2 24
$408.0M
$1.7B
Total Debt
ALV
ALV
FSLR
FSLR
Q1 26
$498.6M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
ALV
ALV
FSLR
FSLR
Q1 26
$9.5B
Q4 25
$2.6B
$9.5B
Q3 25
$2.5B
$9.0B
Q2 25
$2.5B
$8.5B
Q1 25
$2.4B
$8.2B
Q4 24
$2.3B
$8.0B
Q3 24
$2.3B
$7.6B
Q2 24
$2.3B
$7.3B
Total Assets
ALV
ALV
FSLR
FSLR
Q1 26
$13.3B
Q4 25
$8.6B
$13.3B
Q3 25
$8.5B
$13.5B
Q2 25
$8.5B
$12.9B
Q1 25
$8.1B
$12.1B
Q4 24
$7.8B
$12.1B
Q3 24
$8.3B
$11.4B
Q2 24
$8.0B
$11.0B
Debt / Equity
ALV
ALV
FSLR
FSLR
Q1 26
0.05×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

Metric
ALV
ALV
FSLR
FSLR
Operating Cash FlowLast quarter
$544.0M
$2.1B
Free Cash FlowOCF − Capex
$426.0M
FCF MarginFCF / Revenue
15.1%
Capex IntensityCapex / Revenue
4.2%
Cash ConversionOCF / Net Profit
2.41×
3.95×
TTM Free Cash FlowTrailing 4 quarters
$716.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALV
ALV
FSLR
FSLR
Q1 26
$2.1B
Q4 25
$544.0M
$1.2B
Q3 25
$258.0M
$1.3B
Q2 25
$278.0M
$149.6M
Q1 25
$77.0M
$-608.0M
Q4 24
$420.0M
$811.0M
Q3 24
$177.0M
$-53.7M
Q2 24
$340.0M
$193.0M
Free Cash Flow
ALV
ALV
FSLR
FSLR
Q1 26
Q4 25
$426.0M
$1.1B
Q3 25
$152.0M
$1.1B
Q2 25
$163.0M
$-138.6M
Q1 25
$-25.0M
$-813.9M
Q4 24
$281.0M
$497.5M
Q3 24
$31.0M
$-487.7M
Q2 24
$186.0M
$-172.1M
FCF Margin
ALV
ALV
FSLR
FSLR
Q1 26
Q4 25
15.1%
63.6%
Q3 25
5.6%
67.1%
Q2 25
6.0%
-12.6%
Q1 25
-1.0%
-96.4%
Q4 24
10.7%
32.9%
Q3 24
1.2%
-54.9%
Q2 24
7.1%
-17.0%
Capex Intensity
ALV
ALV
FSLR
FSLR
Q1 26
Q4 25
4.2%
10.2%
Q3 25
3.9%
12.8%
Q2 25
4.2%
26.3%
Q1 25
4.0%
24.4%
Q4 24
5.3%
20.7%
Q3 24
5.7%
48.9%
Q2 24
5.9%
36.1%
Cash Conversion
ALV
ALV
FSLR
FSLR
Q1 26
3.95×
Q4 25
2.41×
2.38×
Q3 25
1.47×
2.79×
Q2 25
1.66×
0.44×
Q1 25
0.46×
-2.90×
Q4 24
1.72×
2.06×
Q3 24
1.28×
-0.17×
Q2 24
2.46×
0.55×

Financial Flow Comparison

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

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