First Solar (FSLR) Asset Utilization Ratio (2009 - 2026)
First Solar (FSLR) reported Asset Utilization Ratio of 0.41 for Q1 2026, up 15.7% on a YoY basis from 0.35 in Q1 2025, and up 4.25% quarter-over-quarter from 0.39 in Q4 2025.
First Solar (FSLR) Asset Utilization Ratio (2009 - 2026) Analysis & Trends
First Solar has reported Asset Utilization Ratio for 18 years, with the latest figure 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.
- The five-year high for Asset Utilization Ratio was 0.41 in Q1 2026, with the low at 0.33 in Q4 2023.
- Historically, Asset Utilization Ratio has averaged 0.35 across 5 years, with a median of 0.34 in 2023.
- Annual changes were most pronounced in 2022 — Asset Utilization Ratio declined 19.96% — and 2026, when it advanced 15.7%.
- First Solar's Asset Utilization Ratio stood at 0.33 in 2022, then dropped by 0.0% to 0.33 in 2023, then increased by 7.31% to 0.36 in 2024, then climbed by 9.17% to 0.39 in 2025, then gained 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 | 28.68 Bn | 26.25 Bn | 486.13 Mn | 0.41 |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | 0.90 |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | 0.45 |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | 0.52 |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | 0.14 |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | 0.55 |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | 0.82 |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn | 0.51 |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn | 1.44 |
| 10 | Skycorp Solar | 110.38 Mn | 103.60 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 |