Growth Metrics

First Solar (FSLR) Capital Expenditures (2009 - 2026)

First Solar posted quarterly Capital Expenditures of $118.5 million for Q1 2026, down 42.45% year-on-year from $206.0 million in Q1 2025, and down 30.98% on a QoQ basis from $171.7 million in Q4 2025.

First Solar (FSLR) has 18 years of Capital Expenditures data on file, last reported at $118.5 million in Q1 2026.

  • For the quarter ending Q1 2026, Capital Expenditures fell 42.45% year-over-year to $118.5 million; the trailing twelve-month figure through Mar 2026 stood at $782.4 million (down 40.66% YoY), and the FY2025 full-year result was $869.9 million, down 43.0% from the prior year.
  • Capital Expenditures for Q1 2026 stood at $118.5 million, down from $171.7 million in the prior quarter.
  • Across five years, Capital Expenditures topped out at $1.3 billion in Q4 2024 and bottomed at -$514.1 million in Q3 2024.
  • The 5-year median for Capital Expenditures is $206.0 million (2025), against an average of $282.6 million.
  • Peak annual rise in Capital Expenditures reached 6521.28% in 2022, while the deepest fall reached 3018.28% in 2022.
  • A 5-year view of Capital Expenditures shows it stood at $740.5 million in 2022, then plunged by 53.15% to $346.9 million in 2023, then jumped by 263.66% to $1.3 billion in 2024, then tumbled by 86.39% to $171.7 million in 2025, then sank by 30.98% to $118.5 million in 2026.
  • The last three Capital Expenditures figures came in at $118.5 million (Q1 2026), $171.7 million (Q4 2025), and $204.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Capital Expenditures (Qtr)
1 First Solar 26.65 Bn 24.22 Bn 486.13 Mn 118.53 Mn
2 Nextpower 17.99 Bn 16.90 Bn 297.38 Mn 48.11 Mn
3 Canadian Solar 15.11 Bn 15.69 Bn 124.40 Mn -266.38 Mn
4 Enphase Energy 8.19 Bn 7.26 Bn 100.39 Mn 12.04 Mn
5 Solaredge Technologies 3.80 Bn 3.25 Bn 68.28 Mn 26.16 Mn
6 Sunrun 3.38 Bn 4.27 Bn 543.70 Mn 409,000.00
7 Shoals Technologies 1.60 Bn 1.60 Bn 41.01 Mn 329,000.00
8 Array Technologies 1.25 Bn 1.05 Bn 63.00 Mn 7.51 Mn
9 JinkoSolar Holding 677.44 Mn 2.29 Bn 147.66 Mn -
10 Tigo Energy 288.14 Mn 276.56 Mn 10.79 Mn 209,000.00

Historic Data

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DateValue
Mar 31, 2026 118.53 Mn
Mar 31, 2026 118.53 Mn
Dec 31, 2025 171.73 Mn
Dec 31, 2025 171.73 Mn
Sep 30, 2025 204.05 Mn
Sep 30, 2025 204.05 Mn
Jun 30, 2025 288.13 Mn
Jun 30, 2025 288.13 Mn
Mar 31, 2025 205.97 Mn
Mar 31, 2025 205.97 Mn
Dec 31, 2024 1.26 Bn
Dec 31, 2024 1.26 Bn
Sep 30, 2024 -514.14 Mn
Sep 30, 2024 -514.14 Mn
Jun 30, 2024 365.16 Mn
Jun 30, 2024 365.16 Mn
Mar 31, 2024 413.46 Mn
Mar 31, 2024 413.46 Mn
Dec 31, 2023 346.91 Mn
Dec 31, 2023 346.91 Mn
Sep 30, 2023 856.38 Mn
Sep 30, 2023 856.38 Mn
Jun 30, 2023 -187.48 Mn
Jun 30, 2023 -187.48 Mn
Mar 31, 2023 370.96 Mn
Mar 31, 2023 370.96 Mn
Dec 31, 2022 740.46 Mn
Dec 31, 2022 740.46 Mn
Sep 30, 2022 -190.30 Mn
Sep 30, 2022 -190.30 Mn
Jun 30, 2022 198.69 Mn
Jun 30, 2022 198.69 Mn
Mar 31, 2022 154.76 Mn
Mar 31, 2022 154.76 Mn
Dec 31, 2021 11.18 Mn
Dec 31, 2021 11.18 Mn
Sep 30, 2021 6.52 Mn
Sep 30, 2021 6.52 Mn
Jun 30, 2021 -46.26 Mn
Jun 30, 2021 -46.26 Mn
Mar 31, 2021 90.16 Mn
Mar 31, 2021 90.16 Mn
Dec 31, 2020 89.35 Mn
Dec 31, 2020 89.35 Mn
Sep 30, 2020 227.99 Mn
Sep 30, 2020 227.99 Mn
Jun 30, 2020 22.99 Mn
Jun 30, 2020 22.99 Mn
Mar 31, 2020 76.30 Mn
Mar 31, 2020 76.30 Mn
Dec 31, 2019 -35.64 Mn
Dec 31, 2019 -35.64 Mn
Sep 30, 2019 -36.53 Mn
Sep 30, 2019 -36.53 Mn
Jun 30, 2019 12.80 Mn
Jun 30, 2019 12.80 Mn
Mar 31, 2019 135.52 Mn
Mar 31, 2019 135.52 Mn
Dec 31, 2018 594.91 Mn
Dec 31, 2018 594.91 Mn
Sep 30, 2018 -20.74 Mn
Sep 30, 2018 -20.74 Mn
Jun 30, 2018 2.86 Mn
Jun 30, 2018 2.86 Mn
Mar 31, 2018 162.81 Mn
Mar 31, 2018 162.81 Mn
Dec 31, 2017 199.23 Mn
Dec 31, 2017 199.23 Mn
Sep 30, 2017 97.63 Mn
Sep 30, 2017 97.63 Mn
Jun 30, 2017 104.51 Mn
Jun 30, 2017 104.51 Mn
Mar 31, 2017 112.99 Mn
Mar 31, 2017 112.99 Mn
Dec 31, 2016 -147.18 Mn
Dec 31, 2016 -147.18 Mn
Sep 30, 2016 155.07 Mn
Sep 30, 2016 155.07 Mn
Jun 30, 2016 -30.96 Mn
Jun 30, 2016 -30.96 Mn
Mar 31, 2016 51.75 Mn
Mar 31, 2016 51.75 Mn
Dec 31, 2015 27.17 Mn
Dec 31, 2015 27.17 Mn
Sep 30, 2015 105.25 Mn
Sep 30, 2015 105.25 Mn
Jun 30, 2015 -21.32 Mn
Jun 30, 2015 -21.32 Mn
Mar 31, 2015 55.34 Mn
Mar 31, 2015 55.34 Mn
Dec 31, 2014 7.53 Mn
Dec 31, 2014 7.53 Mn
Sep 30, 2014 4.93 Mn
Sep 30, 2014 4.93 Mn
Jun 30, 2014 5.73 Mn
Jun 30, 2014 5.73 Mn
Mar 31, 2014 42.93 Mn
Mar 31, 2014 42.93 Mn
Dec 31, 2013 56.22 Mn
Dec 31, 2013 56.22 Mn
Sep 30, 2013 69.50 Mn
Sep 30, 2013 69.50 Mn
Jun 30, 2013 85.19 Mn
Jun 30, 2013 85.19 Mn
Mar 31, 2013 71.67 Mn
Mar 31, 2013 71.67 Mn
Dec 31, 2012 40.02 Mn
Dec 31, 2012 40.02 Mn
Sep 30, 2012 57.24 Mn
Sep 30, 2012 57.24 Mn
Jun 30, 2012 157.48 Mn
Jun 30, 2012 157.48 Mn
Mar 31, 2012 124.49 Mn
Mar 31, 2012 124.49 Mn
Dec 31, 2011 117.95 Mn
Dec 31, 2011 117.95 Mn
Sep 30, 2011 223.90 Mn
Sep 30, 2011 223.90 Mn
Jun 30, 2011 220.98 Mn
Jun 30, 2011 220.98 Mn
Mar 31, 2011 168.99 Mn
Mar 31, 2011 168.99 Mn
Dec 31, 2010 211.77 Mn
Dec 31, 2010 211.77 Mn
Sep 25, 2010 137.64 Mn
Sep 25, 2010 137.64 Mn
Jun 26, 2010 133.53 Mn
Jun 26, 2010 133.53 Mn
Mar 27, 2010 105.98 Mn
Mar 27, 2010 105.98 Mn
Dec 26, 2009 69.18 Mn
Dec 26, 2009 69.18 Mn
Sep 26, 2009 64.79 Mn
Sep 26, 2009 64.79 Mn
Jun 27, 2009 59.56 Mn
Jun 27, 2009 59.56 Mn
Mar 28, 2009 86.40 Mn
Mar 28, 2009 86.40 Mn