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

First Solar is the larger business by last-quarter revenue ($1.0B vs $589.2M, roughly 1.8× Enovis CORP). First Solar runs the higher net margin — 33.2% vs -1.4%, a 34.6% gap on every dollar of revenue. On growth, First Solar posted the faster year-over-year revenue change (23.6% vs 5.4%). Over the past eight quarters, Enovis CORP's revenue compounded faster (5.9% CAGR vs 1.7%).

Enovis Corporation is a medical technology company with a focus in orthopedics. The company was founded by brothers Mitchell and Steven Rales as the Colfax Corporation in 1995. Enovis is headquartered in Wilmington, Delaware and is listed on the NYSE as ENOV. The company has over 5,000 employees operating at 12 sites around the world.

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.

ENOV vs FSLR — Head-to-Head

Bigger by revenue
FSLR
FSLR
1.8× larger
FSLR
$1.0B
$589.2M
ENOV
Growing faster (revenue YoY)
FSLR
FSLR
+18.2% gap
FSLR
23.6%
5.4%
ENOV
Higher net margin
FSLR
FSLR
34.6% more per $
FSLR
33.2%
-1.4%
ENOV
Faster 2-yr revenue CAGR
ENOV
ENOV
Annualised
ENOV
5.9%
1.7%
FSLR

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
ENOV
ENOV
FSLR
FSLR
Revenue
$589.2M
$1.0B
Net Profit
$-8.4M
$346.6M
Gross Margin
62.0%
46.6%
Operating Margin
33.1%
Net Margin
-1.4%
33.2%
Revenue YoY
5.4%
23.6%
Net Profit YoY
65.4%
EPS (diluted)
$-0.15
$3.22

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
ENOV
ENOV
FSLR
FSLR
Q1 26
$589.2M
$1.0B
Q4 25
$548.9M
$1.7B
Q3 25
$564.5M
$1.6B
Q2 25
$558.8M
$1.1B
Q1 25
$844.6M
Q4 24
$561.0M
$1.5B
Q3 24
$505.2M
$887.7M
Q2 24
$525.2M
$1.0B
Net Profit
ENOV
ENOV
FSLR
FSLR
Q1 26
$-8.4M
$346.6M
Q4 25
$-571.1M
$520.9M
Q3 25
$-36.7M
$455.9M
Q2 25
$-56.0M
$341.9M
Q1 25
$209.5M
Q4 24
$-703.2M
$393.1M
Q3 24
$-31.5M
$313.0M
Q2 24
$-18.6M
$349.4M
Gross Margin
ENOV
ENOV
FSLR
FSLR
Q1 26
62.0%
46.6%
Q4 25
59.9%
39.5%
Q3 25
59.3%
38.3%
Q2 25
59.5%
45.6%
Q1 25
40.8%
Q4 24
54.8%
37.5%
Q3 24
56.7%
50.2%
Q2 24
55.0%
49.4%
Operating Margin
ENOV
ENOV
FSLR
FSLR
Q1 26
33.1%
Q4 25
-101.7%
32.6%
Q3 25
-3.0%
29.2%
Q2 25
-8.4%
33.0%
Q1 25
26.2%
Q4 24
-118.5%
30.2%
Q3 24
-6.3%
36.3%
Q2 24
-8.4%
36.9%
Net Margin
ENOV
ENOV
FSLR
FSLR
Q1 26
-1.4%
33.2%
Q4 25
-104.1%
31.0%
Q3 25
-6.5%
28.6%
Q2 25
-10.0%
31.2%
Q1 25
24.8%
Q4 24
-125.4%
26.0%
Q3 24
-6.2%
35.3%
Q2 24
-3.5%
34.6%
EPS (diluted)
ENOV
ENOV
FSLR
FSLR
Q1 26
$-0.15
$3.22
Q4 25
$-9.99
$4.84
Q3 25
$-0.64
$4.24
Q2 25
$-0.98
$3.18
Q1 25
$1.95
Q4 24
$-12.69
$3.66
Q3 24
$-0.58
$2.91
Q2 24
$-0.34
$3.25

Balance Sheet & Financial Strength

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

Metric
ENOV
ENOV
FSLR
FSLR
Cash + ST InvestmentsLiquidity on hand
$33.1M
$2.4B
Total DebtLower is stronger
$1.3B
$425.8M
Stockholders' EquityBook value
$1.5B
$9.9B
Total Assets
$3.8B
$13.4B
Debt / EquityLower = less leverage
0.90×
0.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ENOV
ENOV
FSLR
FSLR
Q1 26
$33.1M
$2.4B
Q4 25
$33.6M
$2.8B
Q3 25
$44.1M
$2.0B
Q2 25
$38.5M
$1.1B
Q1 25
$837.6M
Q4 24
$48.2M
$1.6B
Q3 24
$35.4M
$1.0B
Q2 24
$35.0M
$1.7B
Total Debt
ENOV
ENOV
FSLR
FSLR
Q1 26
$1.3B
$425.8M
Q4 25
$1.4B
Q3 25
$1.4B
Q2 25
$1.4B
Q1 25
Q4 24
$1.3B
Q3 24
$1.3B
Q2 24
$1.3B
Stockholders' Equity
ENOV
ENOV
FSLR
FSLR
Q1 26
$1.5B
$9.9B
Q4 25
$2.0B
$9.5B
Q3 25
$2.6B
$9.0B
Q2 25
$2.6B
$8.5B
Q1 25
$8.2B
Q4 24
$2.6B
$8.0B
Q3 24
$3.3B
$7.6B
Q2 24
$3.3B
$7.3B
Total Assets
ENOV
ENOV
FSLR
FSLR
Q1 26
$3.8B
$13.4B
Q4 25
$4.4B
$13.3B
Q3 25
$5.0B
$13.5B
Q2 25
$4.9B
$12.9B
Q1 25
$12.1B
Q4 24
$4.7B
$12.1B
Q3 24
$5.6B
$11.4B
Q2 24
$5.4B
$11.0B
Debt / Equity
ENOV
ENOV
FSLR
FSLR
Q1 26
0.90×
0.04×
Q4 25
0.67×
Q3 25
0.54×
Q2 25
0.53×
Q1 25
Q4 24
0.52×
Q3 24
0.40×
Q2 24
0.41×

Cash Flow & Capital Efficiency

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

Metric
ENOV
ENOV
FSLR
FSLR
Operating Cash FlowLast quarter
$-214.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-0.62×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ENOV
ENOV
FSLR
FSLR
Q1 26
$-214.9M
Q4 25
$82.6M
$1.2B
Q3 25
$47.8M
$1.3B
Q2 25
$-1.6M
$149.6M
Q1 25
$-608.0M
Q4 24
$88.3M
$811.0M
Q3 24
$53.6M
$-53.7M
Q2 24
$7.8M
$193.0M
Free Cash Flow
ENOV
ENOV
FSLR
FSLR
Q1 26
Q4 25
$29.1M
$1.1B
Q3 25
$3.4M
$1.1B
Q2 25
$-44.9M
$-138.6M
Q1 25
$-813.9M
Q4 24
$35.1M
$497.5M
Q3 24
$2.4M
$-487.7M
Q2 24
$-31.6M
$-172.1M
FCF Margin
ENOV
ENOV
FSLR
FSLR
Q1 26
Q4 25
5.3%
63.6%
Q3 25
0.6%
67.1%
Q2 25
-8.0%
-12.6%
Q1 25
-96.4%
Q4 24
6.3%
32.9%
Q3 24
0.5%
-54.9%
Q2 24
-6.0%
-17.0%
Capex Intensity
ENOV
ENOV
FSLR
FSLR
Q1 26
Q4 25
9.7%
10.2%
Q3 25
7.9%
12.8%
Q2 25
7.7%
26.3%
Q1 25
24.4%
Q4 24
9.5%
20.7%
Q3 24
10.1%
48.9%
Q2 24
7.5%
36.1%
Cash Conversion
ENOV
ENOV
FSLR
FSLR
Q1 26
-0.62×
Q4 25
2.38×
Q3 25
2.79×
Q2 25
0.44×
Q1 25
-2.90×
Q4 24
2.06×
Q3 24
-0.17×
Q2 24
0.55×

Financial Flow Comparison

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

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