First Solar (FSLR) Asset Utilization Ratio (2009 - 2026)
First Solar posted quarterly Asset Utilization Ratio of 0.41 for Q1 2026, up 15.7% year-on-year from 0.35 in Q1 2025, and up 4.25% on a QoQ basis from 0.39 in Q4 2025.
First Solar (FSLR) has 18 years of Asset Utilization Ratio data on file, last reported at 0.41 in Q1 2026.
- For the quarter ending Q1 2026, Asset Utilization Ratio rose 15.7% year-over-year to 0.41; the trailing twelve-month figure through Mar 2026 stood at 0.41 (up 15.7% YoY), and the FY2025 full-year result was 0.41, up 9.67% from the prior year.
- Asset Utilization Ratio for Q1 2026 stood at 0.41, up from 0.39 in the prior quarter.
- Across five years, Asset Utilization Ratio topped out at 0.41 in Q1 2026 and bottomed at 0.33 in Q4 2023.
- The 5-year median for Asset Utilization Ratio is 0.34 (2023), against an average of 0.35.
- The widest annual swing landed in 2022, when Asset Utilization Ratio declined 19.96%; it then advanced 15.7% in 2026.
- A 5-year view of Asset Utilization Ratio shows it stood at 0.33 in 2022, then declined by 0.0% to 0.33 in 2023, then rose by 7.31% to 0.36 in 2024, then grew by 9.17% to 0.39 in 2025, then advanced by 4.25% to 0.41 in 2026.
- The last three Asset Utilization Ratio figures came in at 0.41 (Q1 2026), 0.39 (Q4 2025), and 0.38 (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 26.65 Bn | 24.22 Bn | 486.13 Mn | 0.41 |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | 0.90 |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | 0.74 |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | 0.45 |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | 0.52 |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | 0.14 |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | 0.55 |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | 0.82 |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn | 0.51 |
| 10 | Tigo Energy | 288.14 Mn | 276.56 Mn | 10.79 Mn | 1.44 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.41 |
| Dec 31, 2025 | 0.39 |
| Sep 30, 2025 | 0.38 |
| Jun 30, 2025 | 0.35 |
| Mar 31, 2025 | 0.35 |
| Dec 31, 2024 | 0.36 |
| Sep 30, 2024 | 0.34 |
| Jun 30, 2024 | 0.35 |
| Mar 31, 2024 | 0.34 |
| Dec 31, 2023 | 0.33 |
| Sep 30, 2023 | 0.34 |
| Jun 30, 2023 | 0.34 |
| Mar 31, 2023 | 0.33 |
| Dec 31, 2022 | 0.33 |
| Sep 30, 2022 | 0.34 |
| Jun 30, 2022 | 0.33 |
| Mar 31, 2022 | 0.34 |
| Dec 31, 2021 | 0.40 |
| Sep 30, 2021 | 0.36 |
| Jun 30, 2021 | 0.41 |
| Mar 31, 2021 | 0.42 |
| Dec 31, 2020 | 0.38 |
| Sep 30, 2020 | 0.50 |
| Jun 30, 2020 | 0.45 |
| Mar 31, 2020 | 0.42 |
| Dec 31, 2019 | 0.42 |
| Sep 30, 2019 | 0.33 |
| Jun 30, 2019 | 0.35 |
| Mar 31, 2019 | 0.27 |
| Dec 31, 2018 | 0.28 |
| Sep 30, 2018 | 0.23 |
| Jun 30, 2018 | 0.29 |
| Mar 31, 2018 | 0.38 |
| Dec 31, 2017 | 0.42 |
| Sep 30, 2017 | 0.43 |
| Jun 30, 2017 | 0.38 |
| Mar 31, 2017 | 0.43 |
| Dec 31, 2016 | 0.39 |
| Sep 30, 2016 | 0.52 |
| Jun 30, 2016 | 0.61 |
| Mar 31, 2016 | 0.61 |
| Dec 31, 2015 | 0.57 |
| Sep 30, 2015 | 0.53 |
| Jun 30, 2015 | 0.48 |
| Mar 31, 2015 | 0.43 |
| Dec 31, 2014 | 0.50 |
| Sep 30, 2014 | 0.47 |
| Jun 30, 2014 | 0.54 |
| Mar 31, 2014 | 0.53 |
| Dec 31, 2013 | 0.48 |
| Sep 30, 2013 | 0.53 |
| Jun 30, 2013 | 0.48 |
| Mar 31, 2013 | 0.57 |
| Dec 31, 2012 | 0.55 |
| Sep 30, 2012 | 0.04 |
| Jun 30, 2012 | 0.07 |
| Mar 31, 2012 | -0.01 |
| Dec 31, 2011 | 0.00 |
| Sep 30, 2011 | 0.51 |
| Jun 30, 2011 | 0.54 |
| Mar 31, 2011 | 0.58 |
| Dec 31, 2010 | 0.60 |
| Sep 25, 2010 | 0.66 |
| Jun 26, 2010 | 0.64 |
| Mar 27, 2010 | 0.65 |
| Dec 26, 2009 | 0.64 |
| Sep 26, 2009 | 0.62 |