FSLR vs. MU: First Solar vs. Micron Stock Comparison

November 11, 2026

How do First Solar (FSLR) and Micron (MU) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

First Solar (FSLR) and Micron (MU) are both classified in the Semiconductors sub-industry within the broader Semiconductors & Semiconductor Equipment industry, placing them in the closest GICS peer bucket.

Company profile comparison for First Solar (FSLR) and Micron (MU)
Profile Item	FSLR	MU
Name	First Solar Inc.	Micron Technology Inc.
Country/Region	United States	United States
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Semiconductors & Semiconductor Equipment	Semiconductors & Semiconductor Equipment
GICS Industry	Semiconductors & Semiconductor Equipment	Semiconductors & Semiconductor Equipment
GICS Sub-Industry	Semiconductors	Semiconductors
Market Capitalization	21.62 billion USD	780.68 billion USD
Currency	USD	USD
Exchange	Nasdaq	Nasdaq
Listing Date	November 17, 2006	June 1, 1984
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

FSLR

GSPC

First Solar (FSLR) vs. Micron (MU), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for First Solar (FSLR) and Micron (MU). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for First Solar (FSLR) and Micron (MU). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for First Solar (FSLR) and Micron (MU)
Metric	FSLR	MU
Total Return (1Y)	-28.81%	208.53%
Total Return (3Y, Annualized)	12.86%	115.89%
Total Return (5Y, Annualized)	10.80%	58.28%

Risk Profile

Drawdown History

FSLR

GSPC

First Solar (FSLR) vs. Micron (MU), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for First Solar (FSLR) and Micron (MU). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for First Solar (FSLR) and Micron (MU)
Metric	FSLR	MU
Volatility (1Y, Annualized)	52.55%	83.85%
Beta (5Y)	1.67	2.44
Max Drawdown (5Y)	-59.97%	-57.63%
Avg. Volume (3M)	2.40M	27.63M

Risk-Adjusted Performance

Risk-Return Positioning

FSLR and MU are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for First Solar (FSLR) and Micron (MU)
Metric	FSLR	MU
Sharpe Ratio (1Y)	-0.63	2.44
Sortino Ratio (1Y)	-0.85	3.87

Profitability

ROE (TTM)

Micron (MU) at 88.26% clears its industry range for ROE, a sharper capital-efficiency signal than First Solar (FSLR) at 18.71%, which is closer to a typical peer reading.

FSLR

Semiconductors & Semiconductor Equipment industry group

18.71%

Max: 52.82%
Q3: 22.26%
FSLR: 18.71%
Median: 10.58%
Q1: 1.29%
Min: -16.89%

MU

Semiconductors & Semiconductor Equipment industry group

88.26%

MU: 88.26%
Max: 52.82%
Q3: 22.26%
Median: 10.58%
Q1: 1.29%
Min: -16.89%

First Solar (FSLR) vs. Micron (MU): A comparison of their ROE against the Semiconductors & Semiconductor Equipment industry group benchmark.

Net Margin (TTM)

For every dollar of sales, both First Solar (FSLR) at 37.12% and Micron (MU) at 63.80% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

FSLR

Semiconductors & Semiconductor Equipment industry group

37.12%

Max: 63.80%
FSLR: 37.12%
Q3: 28.36%
Median: 11.44%
Q1: 0.90%
Min: -37.77%

MU

Semiconductors & Semiconductor Equipment industry group

63.80%

MU: 63.80%
Max: 63.80%
Q3: 28.36%
Median: 11.44%
Q1: 0.90%
Min: -37.77%

First Solar (FSLR) vs. Micron (MU): A comparison of their net margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Operating Margin (TTM)

Micron (MU) at 80.68% shows unusually strong operating efficiency — above its industry’s operating margin range — and First Solar (FSLR) at 44.37% also operates in the top quartile.

FSLR

Semiconductors & Semiconductor Equipment industry group

44.37%

Max: 58.66%
FSLR: 44.37%
Q3: 30.23%
Median: 15.91%
Q1: 7.54%
Min: -25.74%

MU

Semiconductors & Semiconductor Equipment industry group

80.68%

MU: 80.68%
Max: 58.66%
Q3: 30.23%
Median: 15.91%
Q1: 7.54%
Min: -25.74%

First Solar (FSLR) vs. Micron (MU): A comparison of their operating margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Profitability Metrics

Profitability metrics for First Solar (FSLR) and Micron (MU)
Metric	FSLR	MU
ROE (TTM)	18.71%	88.26%
ROA (TTM)	8.60%	44.56%
Net Margin (TTM)	37.12%	63.80%
Operating Margin (TTM)	44.37%	80.68%
Gross Margin (TTM)	49.25%	80.72%

Growth

Revenue Growth

Micron (MU) at 256.33% clears its industry range for revenue growth, far stronger top-line momentum than First Solar (FSLR) at 24.09%, which is closer to a typical peer reading.

First Solar (FSLR) vs. Micron (MU): A comparison of their Revenue Growth across different time periods.

EPS Growth

Micron (MU) at 879.31% clears its industry range for EPS growth, a much stronger earnings trajectory than First Solar (FSLR) at 18.22%, which is closer to a typical peer reading.

First Solar (FSLR) vs. Micron (MU): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for First Solar (FSLR) and Micron (MU)
Metric	FSLR	MU
Revenue Growth (YoY)	24.09%	256.33%
Revenue Growth (3Y CAGR)	25.84%	104.65%
EPS Growth (YoY)	18.22%	879.31%
EPS Growth (3Y CAGR)	--	--

Financial Strength

Current Ratio (MRQ)

Both First Solar (FSLR) at 2.57 and Micron (MU) at 3.31 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

FSLR

Semiconductors & Semiconductor Equipment industry group

2.57

Max: 10.33
Q3: 5.62
Median: 3.33
FSLR: 2.57
Q1: 2.35
Min: 1.03

MU

Semiconductors & Semiconductor Equipment industry group

3.31

Max: 10.33
Q3: 5.62
Median: 3.33
MU: 3.31
Q1: 2.35
Min: 1.03

First Solar (FSLR) vs. Micron (MU): A comparison of their current ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Debt / Equity (MRQ)

Both First Solar (FSLR) at 0.03 and Micron (MU) at 0.04 keep leverage in the lower quartile of their industries, with less balance-sheet debt relative to equity than most peers.

FSLR

Semiconductors & Semiconductor Equipment industry group

0.03

Max: 1.46
Q3: 0.65
Median: 0.27
Q1: 0.04
FSLR: 0.03
Min: 0.00

MU

Semiconductors & Semiconductor Equipment industry group

0.04

Max: 1.46
Q3: 0.65
Median: 0.27
Q1: 0.04
MU: 0.04
Min: 0.00

First Solar (FSLR) vs. Micron (MU): A comparison of their debt-to-equity ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Financial Strength Metrics

Financial strength metrics for First Solar (FSLR) and Micron (MU)
Metric	FSLR	MU
Current Ratio (MRQ)	2.57	3.31
Debt / Equity (MRQ)	0.03	0.04
Net Debt / EBITDA	-0.52	-0.35

Dividends

Dividend Yield (TTM)

First Solar (FSLR) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Micron (MU) reports a yield of 0.09%, ranking against industry peers normally.

FSLR

Semiconductors & Semiconductor Equipment industry group

0.00%

Max: 1.37%
Q3: 0.65%
FSLR: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

MU

Semiconductors & Semiconductor Equipment industry group

0.09%

Max: 1.37%
Q3: 0.65%
MU: 0.09%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

First Solar (FSLR) vs. Micron (MU): A comparison of their dividend yield against the Semiconductors & Semiconductor Equipment industry group benchmark.

Dividend Payout Ratio (TTM)

First Solar (FSLR) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Micron (MU) reports a payout of 0.71%, ranking against industry peers normally.

FSLR

Semiconductors & Semiconductor Equipment industry group

0.00%

Max: 49.64%
Q3: 21.71%
FSLR: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

MU

Semiconductors & Semiconductor Equipment industry group

0.71%

Max: 49.64%
Q3: 21.71%
MU: 0.71%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

First Solar (FSLR) vs. Micron (MU): A comparison of their payout ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Dividend Metrics

Dividend metrics for First Solar (FSLR) and Micron (MU)
Metric	FSLR	MU
Dividend Yield (TTM)	0.00%	0.09%
Dividend Payout Ratio (TTM)	0.00%	0.71%

Valuation

P/E Ratio (TTM)

Both First Solar (FSLR) at 11.63 and Micron (MU) at 9.28 sit in the cheaper earnings-multiple quartile for P/E ratio, with the market paying less for a dollar of trailing earnings than it pays for typical peers.

FSLR

Semiconductors & Semiconductor Equipment industry group

11.63

Max: 110.34
Q3: 66.81
Median: 37.02
Q1: 23.96
FSLR: 11.63
Min: 8.12

MU

Semiconductors & Semiconductor Equipment industry group

9.28

Max: 110.34
Q3: 66.81
Median: 37.02
Q1: 23.96
MU: 9.28
Min: 8.12

First Solar (FSLR) vs. Micron (MU): A comparison of their P/E ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both First Solar (FSLR) at 4.31 and Micron (MU) at 5.86 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

FSLR

Semiconductors & Semiconductor Equipment industry group

4.31

Max: 21.42
Q3: 12.27
Median: 5.76
FSLR: 4.31
Q1: 2.73
Min: 0.00

MU

Semiconductors & Semiconductor Equipment industry group

5.86

Max: 21.42
Q3: 12.27
MU: 5.86
Median: 5.76
Q1: 2.73
Min: 0.00

First Solar (FSLR) vs. Micron (MU): A comparison of their P/S ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

P/B Ratio (MRQ)

First Solar (FSLR) at 1.99 sits in the lower P/B ratio quartile against book while Micron (MU) at 5.64 is valued near its industry’s middle — FSLR is cheaper on assets, though weigh it against ROE and asset quality.

FSLR

Semiconductors & Semiconductor Equipment industry group

1.99

Max: 14.06
Q3: 7.44
Median: 4.29
Q1: 2.30
FSLR: 1.99
Min: 0.20

MU

Semiconductors & Semiconductor Equipment industry group

5.64

Max: 14.06
Q3: 7.44
MU: 5.64
Median: 4.29
Q1: 2.30
Min: 0.20

First Solar (FSLR) vs. Micron (MU): A comparison of their P/B ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Valuation Metrics

Valuation metrics for First Solar (FSLR) and Micron (MU)
Metric	FSLR	MU
P/E Ratio (TTM)	11.63	9.28
P/S Ratio (TTM)	4.31	5.86
P/B Ratio (MRQ)	1.99	5.64
Free Cash Flow Yield (TTM)	3.18%	3.73%