First Solar (FSLR) Asset Utilization Ratio (2009 - 2026)
First Solar (FSLR) posted Asset Utilization Ratio of 0.41 for Q1 2026, up 4.25% on a QoQ basis from 0.39 in Q4 2025, and up 15.7% year-over-year from 0.35 in Q1 2025.
First Solar (FSLR) Asset Utilization Ratio (2009 - 2026) Analysis & Trends
First Solar's Asset Utilization Ratio history runs 18 years deep, the most recent figure standing at 0.41 for Q1 2026.
- Quarterly Asset Utilization Ratio rose 15.7% year-over-year to 0.41 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.41 (up 15.7% YoY) and the FY2025 annual result came in at 0.41, up 9.67% from the prior year.
- Asset Utilization Ratio was 0.41 for Q1 2026 at First Solar, 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.
- A 5-year average of 0.35 and a median of 0.34 in 2023 frame the typical range for Asset Utilization Ratio.
- Annual changes were most pronounced in 2022 — Asset Utilization Ratio decreased 19.96% — and 2026, when it increased 15.7%.
- First Solar's Asset Utilization Ratio stood at 0.33 in 2022, then fell by 0.0% to 0.33 in 2023, then gained by 7.31% to 0.36 in 2024, then increased by 9.17% to 0.39 in 2025, then climbed by 4.25% to 0.41 in 2026.
- Business Quant data shows FSLR's Asset Utilization Ratio at 0.41 in Q1 2026, 0.39 in Q4 2025, and 0.38 in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.08 Bn | 19.65 Bn | 486.13 Mn | 0.41 |
| 2 | Nextpower | 15.32 Bn | 14.23 Bn | 297.38 Mn | 0.90 |
| 3 | Enphase Energy | 4.98 Bn | 4.05 Bn | 100.39 Mn | 0.45 |
| 4 | JinkoSolar Holding | 3.20 Bn | -107.75 Mn | 147.66 Mn | 0.51 |
| 5 | Solaredge Technologies | 2.60 Bn | 2.04 Bn | 68.28 Mn | 0.52 |
| 6 | Sunrun | 2.35 Bn | 687.09 Mn | 407.49 Mn | 0.14 |
| 7 | Shoals Technologies | 1.55 Bn | 1.55 Bn | 41.01 Mn | 0.55 |
| 8 | Canadian Solar | 925.64 Mn | 166.07 Mn | 124.40 Mn | 0.74 |
| 9 | Array Technologies | 843.55 Mn | 642.85 Mn | 63.00 Mn | 0.82 |
| 10 | Toyo | 182.74 Mn | 106.10 Mn | 47.76 Mn | - |
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 |