FSLR vs. Q: First Solar vs. Qnity Electronics Stock Comparison

November 11, 2026

How do First Solar (FSLR) and Qnity Electronics (Q) 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 Qnity Electronics (Q) both belong to the Semiconductors & Semiconductor Equipment industry, though FSLR is classified under Semiconductors while Q falls under Semiconductor Materials & Equipment.

First Solar (FSLR) has been public since November 17, 2006, giving it a longer listed trading history, while Qnity Electronics (Q) listed on October 27, 2025 and still has a shorter public-market record.

Company profile comparison for First Solar (FSLR) and Qnity Electronics (Q)
Profile Item	FSLR	Q
Name	First Solar Inc.	Qnity Electronics 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	Semiconductor Materials & Equipment
Market Capitalization	21.62 billion USD	24.46 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	November 17, 2006	October 27, 2025
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

FSLR

GSPC

First Solar (FSLR) vs. Qnity Electronics (Q), 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 Qnity Electronics (Q). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for First Solar (FSLR) and Qnity Electronics (Q)
Metric	FSLR	Q
Total Return (1Y)	-28.81%	35.04%
Total Return (3Y, Annualized)	12.86%	--
Total Return (5Y, Annualized)	10.80%	--

Risk Profile

Drawdown History

FSLR

GSPC

First Solar (FSLR) vs. Qnity Electronics (Q), 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 Qnity Electronics (Q). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for First Solar (FSLR) and Qnity Electronics (Q)
Metric	FSLR	Q
Volatility (1Y, Annualized)	52.55%	55.87%
Beta (5Y)	1.67	1.49
Max Drawdown (5Y)	-59.97%	-38.03%
Avg. Volume (3M)	2.40M	1.73M

Risk-Adjusted Performance

Risk-Return Positioning

FSLR and Q 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 Qnity Electronics (Q)
Metric	FSLR	Q
Sharpe Ratio (1Y)	-0.63	0.55
Sortino Ratio (1Y)	-0.85	0.80

Profitability

ROE (TTM)

Both First Solar (FSLR) at 18.71% and Qnity Electronics (Q) at 6.98% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

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%

Q

Semiconductors & Semiconductor Equipment industry group

6.98%

Max: 52.82%
Q3: 22.26%
Median: 10.58%
Q: 6.98%
Q1: 1.29%
Min: -16.89%

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

Net Margin (TTM)

First Solar (FSLR) at 37.12% retains a top-quartile share of revenue as profit, ahead of Qnity Electronics (Q) at 10.16%, which keeps about the industry-typical share.

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%

Q

Semiconductors & Semiconductor Equipment industry group

10.16%

Max: 63.80%
Q3: 28.36%
Median: 11.44%
Q: 10.16%
Q1: 0.90%
Min: -37.77%

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

Operating Margin (TTM)

First Solar (FSLR) at 44.37% operates in the top operating margin quartile, ahead of Qnity Electronics (Q) at 25.00%, which runs around its industry’s norm.

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%

Q

Semiconductors & Semiconductor Equipment industry group

25.00%

Max: 58.66%
Q3: 30.23%
Q: 25.00%
Median: 15.91%
Q1: 7.54%
Min: -25.74%

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

Profitability Metrics

Profitability metrics for First Solar (FSLR) and Qnity Electronics (Q)
Metric	FSLR	Q
ROE (TTM)	18.71%	6.98%
ROA (TTM)	8.60%	5.78%
Net Margin (TTM)	37.12%	10.16%
Operating Margin (TTM)	44.37%	25.00%
Gross Margin (TTM)	49.25%	46.92%

Growth

Revenue Growth

Both First Solar (FSLR) at 24.09% and Qnity Electronics (Q) at 9.67% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

First Solar (FSLR) vs. Qnity Electronics (Q): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both First Solar (FSLR) at 18.22% and Qnity Electronics (Q) at -0.27% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

First Solar (FSLR) vs. Qnity Electronics (Q): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for First Solar (FSLR) and Qnity Electronics (Q)
Metric	FSLR	Q
Revenue Growth (YoY)	24.09%	9.67%
Revenue Growth (3Y CAGR)	25.84%	-0.01%
EPS Growth (YoY)	18.22%	-0.27%
EPS Growth (3Y CAGR)	--	--

Financial Strength

Current Ratio (MRQ)

First Solar (FSLR) at 2.57 keeps current ratio within its industry’s typical mid-range, while Qnity Electronics (Q) at 2.09 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for Q.

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

Q

Semiconductors & Semiconductor Equipment industry group

2.09

Max: 10.33
Q3: 5.62
Median: 3.33
Q1: 2.35
Q: 2.09
Min: 1.03

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

Debt / Equity (MRQ)

First Solar (FSLR) at 0.03 keeps leverage in the lower industry quartile, while Qnity Electronics (Q) at 0.57 runs a more typical debt-to-equity mix.

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

Q

Semiconductors & Semiconductor Equipment industry group

0.57

Max: 1.46
Q3: 0.65
Q: 0.57
Median: 0.27
Q1: 0.04
Min: 0.00

First Solar (FSLR) vs. Qnity Electronics (Q): 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 Qnity Electronics (Q)
Metric	FSLR	Q
Current Ratio (MRQ)	2.57	2.09
Debt / Equity (MRQ)	0.03	0.57
Net Debt / EBITDA	-0.52	2.07

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 Qnity Electronics (Q) reports a yield of 0.27%, 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%

Q

Semiconductors & Semiconductor Equipment industry group

0.27%

Max: 1.37%
Q3: 0.65%
Q: 0.27%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

First Solar (FSLR) vs. Qnity Electronics (Q): 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 Qnity Electronics (Q) reports a payout of 11.28%, 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%

Q

Semiconductors & Semiconductor Equipment industry group

11.28%

Max: 49.64%
Q3: 21.71%
Q: 11.28%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for First Solar (FSLR) and Qnity Electronics (Q)
Metric	FSLR	Q
Dividend Yield (TTM)	0.00%	0.27%
Dividend Payout Ratio (TTM)	0.00%	11.28%

Valuation

P/E Ratio (TTM)

First Solar (FSLR) at 11.63 sits in the cheaper P/E ratio quartile, while Qnity Electronics (Q) at 43.98 is closer to its industry’s usual earnings multiple — a discount for FSLR, though growth and earnings durability still matter.

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

Q

Semiconductors & Semiconductor Equipment industry group

43.98

Max: 110.34
Q3: 66.81
Q: 43.98
Median: 37.02
Q1: 23.96
Min: 8.12

First Solar (FSLR) vs. Qnity Electronics (Q): 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 Qnity Electronics (Q) at 4.46 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

Q

Semiconductors & Semiconductor Equipment industry group

4.46

Max: 21.42
Q3: 12.27
Median: 5.76
Q: 4.46
Q1: 2.73
Min: 0.00

First Solar (FSLR) vs. Qnity Electronics (Q): 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 Qnity Electronics (Q) at 3.22 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

Q

Semiconductors & Semiconductor Equipment industry group

3.22

Max: 14.06
Q3: 7.44
Median: 4.29
Q: 3.22
Q1: 2.30
Min: 0.20

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

Valuation Metrics

Valuation metrics for First Solar (FSLR) and Qnity Electronics (Q)
Metric	FSLR	Q
P/E Ratio (TTM)	11.63	43.98
P/S Ratio (TTM)	4.31	4.46
P/B Ratio (MRQ)	1.99	3.22
Free Cash Flow Yield (TTM)	3.18%	2.85%