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
DateValue
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