First Solar (FSLR) Depreciation and Depletion (2014 - 2026)
First Solar's Depreciation and Depletion was $143.6 million in Q3 2026, up 9.7% from $130.9 million a year earlier and up 0.1% from the prior quarter.
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Analysis
First Solar (FSLR) Depreciation and Depletion (2014 - 2026) Analysis & Trends
On a trailing twelve-month basis, First Solar's Depreciation and Depletion was $1.09 billion through Sep 30, 2026, up 120.4% year-over-year; for FY2025, it was $1.04 billion, up 154.4% from FY2024.
- Depreciation and Depletion has now increased for eight consecutive years, with a five-year compound annual growth rate of 36.5% (FY2020 to FY2025).
- In earlier years, Depreciation and Depletion was $407.4 million in FY2024 (+31.4%), $310 million in FY2023 (+26.6%), $244.9 million in FY2022 (+5.0%) and $233.2 million in FY2021 (+6.7%).
- Quarterly Depreciation and Depletion has moved between $49.6 million (Q4 2021) and $661.3 million (Q4 2025) over five years.
- Compared with a year earlier, Depreciation and Depletion has increased for ten straight quarters, with growth averaging 78.5% over the last eight quarters.
- The best year-over-year quarter for Depreciation and Depletion over five years was Q4 2025 (growth of 450.2%); the worst was Q1 2024 (a decline of 34.2%).
- Per Business Quant data, FSLR's Depreciation and Depletion in the three quarters before Q3 2026 was $143.5 million (Q2 2026), $143.8 million (Q1 2026) and $661.3 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Dep. & Depletion (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 212.47 Bn | 164.72 Bn | 3.11 Bn | 200.00 Mn |
| 2 | Bloom Energy | 56.73 Bn | 46.66 Bn | 417.10 Mn | 13.81 Mn |
| 3 | First Solar | 18.42 Bn | 9.79 Bn | 713.06 Mn | 143.60 Mn |
| 4 | Nextpower | 14.32 Bn | 10.03 Bn | 345.32 Mn | - |
| 5 | BWX Technologies | 11.27 Bn | 9.04 Bn | 227.14 Mn | - |
| 6 | Generac Holdings | 11.25 Bn | 9.99 Bn | 516.04 Mn | 28.67 Mn |
| 7 | Innio | 10.93 Bn | 7.17 Bn | 367.70 Mn | 17.00 Mn |
| 8 | EnerSys | 5.13 Bn | 3.44 Bn | 284.35 Mn | - |
| 9 | Mirion Technologies | 4.30 Bn | 2.71 Bn | 131.50 Mn | 6.00 Mn |
| 10 | Enphase Energy | 3.45 Bn | -863.96 Mn | 127.12 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 143.60 Mn |
| Jun 30, 2026 | 143.50 Mn |
| Mar 31, 2026 | 143.80 Mn |
| Dec 31, 2025 | 661.30 Mn |
| Sep 30, 2025 | 130.90 Mn |
| Jun 30, 2025 | 122.10 Mn |
| Mar 31, 2025 | 122.30 Mn |
| Dec 31, 2024 | 120.20 Mn |
| Sep 30, 2024 | 107.10 Mn |
| Jun 30, 2024 | 93.40 Mn |
| Mar 31, 2024 | 86.70 Mn |
| Dec 31, 2023 | 86.50 Mn |
| Sep 30, 2023 | 80.70 Mn |
| Jun 30, 2023 | 76.90 Mn |
| Mar 31, 2023 | 131.80 Mn |
| Dec 31, 2022 | 64.70 Mn |
| Sep 30, 2022 | 61.60 Mn |
| Jun 30, 2022 | 60.00 Mn |
| Mar 31, 2022 | 58.60 Mn |
| Dec 31, 2021 | 49.60 Mn |
API Access
First Solar Depreciation and Depletion API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=depreciation-and-depletion&ticker=FSLR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "depreciation-and-depletion", "ticker": "FSLR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=depreciation-and-depletion&ticker=FSLR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();