First Solar, Inc. (FSLR)
First Solar manufactures thin-film solar photovoltaic panels for large utility-scale power plants.
FSLR vs NXPI: how the two businesses compare
- Bigger business: NXPI, with $12.3B of yearly revenue, about 2.4× FSLR's $5.2B.
- More profitable: FSLR keeps 29 cents of each sales dollar as profit, against 16 cents at NXPI.
- More cash from each sale: FSLR turns 39 cents of each sales dollar into operating cash flow, against 23 cents at NXPI.
From each company's latest annual SEC filing. Fiscal years can end on different dates.
NXP Semiconductors (NXPI) is the larger business by reported revenue: $12.3B in its fiscal year ended Dec 2025, about 2.4× FSLR's $5.2B (fiscal year ended Dec 2025). FSLR's net margin was 29.3% and NXPI's 16.5%. Both file with the SEC under the same industry code, SIC 3674 (Semiconductors & Related Devices).
Figures come from each company's own SEC filings. This page compares the businesses; it is not a price target or a verdict.
- Information Technology
- Semiconductors & Related Devices
- Same classification
- December 31
- Same calendar
- Feb 24, 2026
FSLR vs NXPI: quick comparison
| Company fact | FSLR | NXPI |
|---|---|---|
| Company | First Solar, Inc. | NXP Semiconductors N.V. |
| Exchange | NASDAQ | NASDAQ |
| SEC industry | Semiconductors & Related Devices | Semiconductors & Related Devices |
| Fiscal year-end | December 31 | December 31 |
| Latest annual filing | 10-K · 2026-02-24 | 10-K · 2026-02-19 |
FSLR vs NXPI: audited financials
- Scale: NXPI's $12.3B of revenue is about 2.4× FSLR's $5.2B.
- Net margin: FSLR kept 29.3% of revenue as net income versus 16.5% at NXPI.
- Cash conversion: operating cash flow equalled FSLR 39.4% of revenue, or 1.35× net income; NXPI 23.0% of revenue, or 1.40× net income. A ratio well above 1× usually reflects non-cash charges or working-capital release; well below 1× can reflect working-capital build or non-cash gains.
- Periods: both fiscal years end on 2025-12-31, so these annual figures cover the same months.
| Metric | FSLR | NXPI |
|---|---|---|
| Revenue | $5.2B2025-01-01 to 2025-12-31 · SEC filing | $12.3B2025-01-01 to 2025-12-31 · SEC filing |
| Net income | $1.5B2025-01-01 to 2025-12-31 · SEC filing | $2.0B2025-01-01 to 2025-12-31 · SEC filing |
| Operating cash flow | $2.1B2025-01-01 to 2025-12-31 · SEC filing | $2.8B2025-01-01 to 2025-12-31 · SEC filing |
| Diluted EPS | $14.212025-01-01 to 2025-12-31 · SEC filing | $7.952025-01-01 to 2025-12-31 · SEC filing |
| Net margin | 29.3%2025-01-01 to 2025-12-31 · SEC filing | 16.5%2025-01-01 to 2025-12-31 · SEC filing |
FSLR: FY ending 2025-12-31 · NXPI: FY ending 2025-12-31. Figures as tagged in each issuer's SEC XBRL filing; fiscal calendars may not align.
Where FSLR and NXPI overlap, and where they don't
Overlap
- Same SEC industry: both report under SIC 3674, Semiconductors & Related Devices.
- Shared research theme: Tariffs & trade.
- Same fiscal calendar: both fiscal years end December 31.
Differences
- Only FSLR maps to Economic trends.
- Scale: NXPI reported about 2.4× the annual revenue of FSLR.
- Profitability: net margin of 29.3% for FSLR versus 16.5% for NXPI.
Overlap is drawn from SEC classifications and Yield Theory research themes. It is not evidence that the companies sell to the same customers or compete product for product.
NXP Semiconductors N.V. (NXPI)
NXP designs semiconductors for automotive, secure identification, and industrial applications, with a leading position in car electronics.
What moves each company
Company-specific drivers maintained by Yield Theory. Use them to decide which filing deserves deeper work; they are not predictions.
What moves FSLR
We have not yet published a company-specific driver list for FSLR. The primary source is Item 1 (Business) and Item 1A (Risk Factors) of its 10-K filed 2026-02-24.
What moves NXPI
We have not yet published a company-specific driver list for NXPI. The primary source is Item 1 (Business) and Item 1A (Risk Factors) of its 10-K filed 2026-02-19.
The investment question
You now know NXPI reports about 2.4× FSLR's revenue, and FSLR keeps more of each dollar as net income. Those are the facts. The investment question is what each share price already assumes about their exposure to tariffs & trade, and which evidence in the next filings would prove that assumption wrong.
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Read the full researchSEC filing comparison and disclosure evidence
Start with primary filings because fiscal calendars and accounting presentation can make superficially similar quarters incomparable. Both fiscal years end December 31, so annual reports line up, but check segment definitions before comparing growth or margins.
The current verified House and Senate snapshot contains 7 matched transaction rows for FSLR and 19 matched transaction rows for NXPI. These delayed, range-based disclosures can identify a filing to inspect; they do not establish motive, conviction, or a real-time trading signal.
FSLR primary filings
NXPI primary filings
What this comparison cannot tell you
This page does not contain licensed live prices, a valuation model, earnings estimates, portfolio constraints, or a forecast of future returns. SEC classifications can be broad, company descriptions can lag strategic change, and the latest annual filing may predate a material acquisition or divestiture. Read subsequent quarterly and current reports before making a decision.
A stronger business is not automatically the better stock. Starting valuation, expectations, capital structure, cyclicality, dilution, and the probability of each thesis determine the investment outcome. Use this comparison to frame the work, then verify the numbers in the linked filings and current company disclosures.
FSLR vs NXPI FAQs
Are FSLR and NXPI direct competitors?
First Solar and NXP Semiconductors share the SEC industry classification “Semiconductors & Related Devices.” That makes the operating comparison relevant, but it does not prove that every product, customer, or revenue stream competes directly.
Is FSLR or NXPI the bigger company by revenue?
NXP Semiconductors (NXPI) is the larger business by reported revenue: $12.3B in its fiscal year ended Dec 2025, about 2.4× FSLR's $5.2B (fiscal year ended Dec 2025). FSLR's net margin was 29.3% and NXPI's 16.5%. Both file with the SEC under the same industry code, SIC 3674 (Semiconductors & Related Devices). Each figure is the annual amount tagged in the company's own SEC XBRL filing; market value depends on live prices, which this page does not publish.
Which is better, FSLR or NXPI?
There is no context-free winner. Compare the operating exposures, filing evidence, valuation, balance sheet, and risks against the specific thesis you are testing. This page deliberately does not turn a static profile into a buy or sell recommendation.
Does this FSLR vs NXPI comparison include live prices?
No. Yield Theory does not republish unlicensed real-time market data. The financial figures on this page are the audited annual numbers First Solar, Inc. and NXP Semiconductors N.V. tagged in their SEC XBRL filings. Use a regulated broker or licensed quote provider for current prices and valuation multiples.
Where does the company information come from?
Company classifications, fiscal year-ends, and filing links come from the SEC EDGAR submissions API snapshot refreshed 2026-11-09. Business summaries and research themes are maintained by Yield Theory.
Data snapshot: SEC EDGAR submissions API, refreshed 2026-11-09. Independent educational research; not investment advice.
Which business differences matter to the investment thesis?
FSLR vs NXPI compares reported results. The reports below show how we connect operating evidence to an investment thesis, its assumptions, catalysts, and risks. $39/month or $249/year.
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