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

Quest Diagnostics is the larger business by last-quarter revenue ($2.9B vs $1.7B, roughly 1.7× First Solar). First Solar runs the higher net margin — 31.0% vs 9.7%, a 21.2% gap on every dollar of revenue. On growth, First Solar posted the faster year-over-year revenue change (11.1% vs 9.2%). Over the past eight quarters, First Solar's revenue compounded faster (45.6% CAGR vs 9.9%).

Quest Diagnostics Incorporated is an American clinical laboratory. A Fortune 500 company, Quest operates in the United States, Puerto Rico, Mexico, and Brazil. Quest also maintains collaborative agreements with various hospitals and clinics across the globe.

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.

DGX vs FSLR — Head-to-Head

Bigger by revenue
DGX
DGX
1.7× larger
DGX
$2.9B
$1.7B
FSLR
Growing faster (revenue YoY)
FSLR
FSLR
+2.0% gap
FSLR
11.1%
9.2%
DGX
Higher net margin
FSLR
FSLR
21.2% more per $
FSLR
31.0%
9.7%
DGX
Faster 2-yr revenue CAGR
FSLR
FSLR
Annualised
FSLR
45.6%
9.9%
DGX

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
DGX
DGX
FSLR
FSLR
Revenue
$2.9B
$1.7B
Net Profit
$281.0M
$520.9M
Gross Margin
39.5%
Operating Margin
15.4%
32.6%
Net Margin
9.7%
31.0%
Revenue YoY
9.2%
11.1%
Net Profit YoY
12.0%
32.5%
EPS (diluted)
$2.24
$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
DGX
DGX
FSLR
FSLR
Q1 26
$2.9B
Q4 25
$2.8B
$1.7B
Q3 25
$2.8B
$1.6B
Q2 25
$2.8B
$1.1B
Q1 25
$2.7B
$844.6M
Q4 24
$2.6B
$1.5B
Q3 24
$2.5B
$887.7M
Q2 24
$2.4B
$1.0B
Net Profit
DGX
DGX
FSLR
FSLR
Q1 26
$281.0M
Q4 25
$245.0M
$520.9M
Q3 25
$245.0M
$455.9M
Q2 25
$282.0M
$341.9M
Q1 25
$220.0M
$209.5M
Q4 24
$222.0M
$393.1M
Q3 24
$226.0M
$313.0M
Q2 24
$229.0M
$349.4M
Gross Margin
DGX
DGX
FSLR
FSLR
Q1 26
Q4 25
32.4%
39.5%
Q3 25
33.7%
38.3%
Q2 25
34.2%
45.6%
Q1 25
32.5%
40.8%
Q4 24
32.7%
37.5%
Q3 24
32.6%
50.2%
Q2 24
33.5%
49.4%
Operating Margin
DGX
DGX
FSLR
FSLR
Q1 26
15.4%
Q4 25
13.8%
32.6%
Q3 25
13.7%
29.2%
Q2 25
15.9%
33.0%
Q1 25
13.0%
26.2%
Q4 24
13.8%
30.2%
Q3 24
13.3%
36.3%
Q2 24
14.8%
36.9%
Net Margin
DGX
DGX
FSLR
FSLR
Q1 26
9.7%
Q4 25
8.7%
31.0%
Q3 25
8.7%
28.6%
Q2 25
10.2%
31.2%
Q1 25
8.3%
24.8%
Q4 24
8.5%
26.0%
Q3 24
9.1%
35.3%
Q2 24
9.6%
34.6%
EPS (diluted)
DGX
DGX
FSLR
FSLR
Q1 26
$2.24
Q4 25
$2.18
$4.84
Q3 25
$2.16
$4.24
Q2 25
$2.47
$3.18
Q1 25
$1.94
$1.95
Q4 24
$1.95
$3.66
Q3 24
$1.99
$2.91
Q2 24
$2.03
$3.25

Balance Sheet & Financial Strength

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

Metric
DGX
DGX
FSLR
FSLR
Cash + ST InvestmentsLiquidity on hand
$393.0M
$2.8B
Total DebtLower is stronger
$5.7B
Stockholders' EquityBook value
$7.7B
$9.5B
Total Assets
$16.7B
$13.3B
Debt / EquityLower = less leverage
0.74×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DGX
DGX
FSLR
FSLR
Q1 26
$393.0M
Q4 25
$420.0M
$2.8B
Q3 25
$432.0M
$2.0B
Q2 25
$319.0M
$1.1B
Q1 25
$188.0M
$837.6M
Q4 24
$549.0M
$1.6B
Q3 24
$764.0M
$1.0B
Q2 24
$271.0M
$1.7B
Total Debt
DGX
DGX
FSLR
FSLR
Q1 26
$5.7B
Q4 25
$5.2B
Q3 25
$5.2B
Q2 25
$5.2B
Q1 25
$5.9B
Q4 24
$5.6B
Q3 24
$5.6B
Q2 24
$3.8B
Stockholders' Equity
DGX
DGX
FSLR
FSLR
Q1 26
$7.7B
Q4 25
$7.2B
$9.5B
Q3 25
$7.3B
$9.0B
Q2 25
$7.2B
$8.5B
Q1 25
$6.9B
$8.2B
Q4 24
$6.8B
$8.0B
Q3 24
$6.8B
$7.6B
Q2 24
$6.6B
$7.3B
Total Assets
DGX
DGX
FSLR
FSLR
Q1 26
$16.7B
Q4 25
$16.2B
$13.3B
Q3 25
$16.2B
$13.5B
Q2 25
$16.0B
$12.9B
Q1 25
$15.8B
$12.1B
Q4 24
$16.2B
$12.1B
Q3 24
$16.1B
$11.4B
Q2 24
$13.9B
$11.0B
Debt / Equity
DGX
DGX
FSLR
FSLR
Q1 26
0.74×
Q4 25
0.72×
Q3 25
0.71×
Q2 25
0.72×
Q1 25
0.85×
Q4 24
0.83×
Q3 24
0.83×
Q2 24
0.58×

Cash Flow & Capital Efficiency

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

Metric
DGX
DGX
FSLR
FSLR
Operating Cash FlowLast quarter
$278.0M
$1.2B
Free Cash FlowOCF − Capex
$1.1B
FCF MarginFCF / Revenue
63.6%
Capex IntensityCapex / Revenue
3.9%
10.2%
Cash ConversionOCF / Net Profit
0.99×
2.38×
TTM Free Cash FlowTrailing 4 quarters
$1.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DGX
DGX
FSLR
FSLR
Q1 26
$278.0M
Q4 25
$465.0M
$1.2B
Q3 25
$563.0M
$1.3B
Q2 25
$544.0M
$149.6M
Q1 25
$314.0M
$-608.0M
Q4 24
$464.0M
$811.0M
Q3 24
$356.0M
$-53.7M
Q2 24
$360.0M
$193.0M
Free Cash Flow
DGX
DGX
FSLR
FSLR
Q1 26
Q4 25
$307.0M
$1.1B
Q3 25
$419.0M
$1.1B
Q2 25
$436.0M
$-138.6M
Q1 25
$197.0M
$-813.9M
Q4 24
$341.0M
$497.5M
Q3 24
$250.0M
$-487.7M
Q2 24
$268.0M
$-172.1M
FCF Margin
DGX
DGX
FSLR
FSLR
Q1 26
Q4 25
10.9%
63.6%
Q3 25
14.9%
67.1%
Q2 25
15.8%
-12.6%
Q1 25
7.4%
-96.4%
Q4 24
13.0%
32.9%
Q3 24
10.0%
-54.9%
Q2 24
11.2%
-17.0%
Capex Intensity
DGX
DGX
FSLR
FSLR
Q1 26
3.9%
Q4 25
5.6%
10.2%
Q3 25
5.1%
12.8%
Q2 25
3.9%
26.3%
Q1 25
4.4%
24.4%
Q4 24
4.7%
20.7%
Q3 24
4.3%
48.9%
Q2 24
3.8%
36.1%
Cash Conversion
DGX
DGX
FSLR
FSLR
Q1 26
0.99×
Q4 25
1.90×
2.38×
Q3 25
2.30×
2.79×
Q2 25
1.93×
0.44×
Q1 25
1.43×
-2.90×
Q4 24
2.09×
2.06×
Q3 24
1.58×
-0.17×
Q2 24
1.57×
0.55×

Financial Flow Comparison

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

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