First Solar (FSLR) Invested Capital (2009 - 2026)
First Solar posted quarterly Invested Capital of $10.2 billion for Q1 2026, up 18.59% year-on-year from $8.6 billion in Q1 2025, and up 2.98% on a QoQ basis from $9.9 billion in Q4 2025.
First Solar (FSLR) has 18 years of Invested Capital data on file, last reported at $10.2 billion in Q1 2026.
- For the quarter ending Q1 2026, Invested Capital rose 18.59% year-over-year to $10.2 billion; the trailing twelve-month figure through Mar 2026 stood at $10.2 billion (up 18.59% YoY), and the FY2025 full-year result was $9.9 billion, up 17.41% from the prior year.
- Invested Capital for Q1 2026 stood at $10.2 billion, up from $9.9 billion in the prior quarter.
- Across five years, Invested Capital topped out at $10.2 billion in Q1 2026 and bottomed at $5.8 billion in Q3 2022.
- The 5-year median for Invested Capital is $7.4 billion (2024), against an average of $7.6 billion.
- The widest annual swing landed in 2022, when Invested Capital declined 3.37%; it then gained 25.99% in 2024.
- A 5-year view of Invested Capital shows it stood at $6.0 billion in 2022, then grew by 19.07% to $7.1 billion in 2023, then rose by 18.23% to $8.4 billion in 2024, then climbed by 17.41% to $9.9 billion in 2025, then rose by 2.98% to $10.2 billion in 2026.
- The last three Invested Capital figures came in at $10.2 billion (Q1 2026), $9.9 billion (Q4 2025), and $9.4 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 26.65 Bn | 24.22 Bn | 486.13 Mn | 10.21 Bn |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | 2.33 Bn |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | 9.95 Bn |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | 1.67 Bn |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | 410.72 Mn |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | 3.63 Bn |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | 601.65 Mn |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | 106.71 Mn |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn | 3.94 Bn |
| 10 | Tigo Energy | 288.14 Mn | 276.56 Mn | 10.79 Mn | 40.85 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 10.21 Bn |
| Dec 31, 2025 | 9.91 Bn |
| Sep 30, 2025 | 9.37 Bn |
| Jun 30, 2025 | 8.94 Bn |
| Mar 31, 2025 | 8.61 Bn |
| Dec 31, 2024 | 8.44 Bn |
| Sep 30, 2024 | 8.06 Bn |
| Jun 30, 2024 | 7.76 Bn |
| Mar 31, 2024 | 7.40 Bn |
| Dec 31, 2023 | 7.14 Bn |
| Sep 30, 2023 | 6.75 Bn |
| Jun 30, 2023 | 6.48 Bn |
| Mar 31, 2023 | 5.88 Bn |
| Dec 31, 2022 | 6.00 Bn |
| Sep 30, 2022 | 5.84 Bn |
| Jun 30, 2022 | 5.90 Bn |
| Mar 31, 2022 | 5.88 Bn |
| Dec 31, 2021 | 6.21 Bn |
| Sep 30, 2021 | 5.83 Bn |
| Jun 30, 2021 | 5.79 Bn |
| Mar 31, 2021 | 5.70 Bn |
| Dec 31, 2020 | 5.82 Bn |
| Sep 30, 2020 | 5.40 Bn |
| Jun 30, 2020 | 5.23 Bn |
| Mar 31, 2020 | 5.17 Bn |
| Dec 31, 2019 | 5.60 Bn |
| Sep 30, 2019 | 5.19 Bn |
| Jun 30, 2019 | 5.14 Bn |
| Mar 31, 2019 | 5.13 Bn |
| Dec 31, 2018 | 5.69 Bn |
| Sep 30, 2018 | 5.65 Bn |
| Jun 30, 2018 | 5.58 Bn |
| Mar 31, 2018 | 5.61 Bn |
| Dec 31, 2017 | 5.52 Bn |
| Sep 30, 2017 | 5.87 Bn |
| Jun 30, 2017 | 5.63 Bn |
| Mar 31, 2017 | 5.52 Bn |
| Dec 31, 2016 | 5.42 Bn |
| Sep 30, 2016 | 6.74 Bn |
| Jun 30, 2016 | 6.05 Bn |
| Mar 31, 2016 | 6.05 Bn |
| Dec 31, 2015 | 5.92 Bn |
| Sep 30, 2015 | 5.68 Bn |
| Jun 30, 2015 | 5.35 Bn |
| Mar 31, 2015 | 5.24 Bn |
| Dec 31, 2014 | 5.22 Bn |
| Sep 30, 2014 | 5.01 Bn |
| Jun 30, 2014 | 4.86 Bn |
| Mar 31, 2014 | 4.83 Bn |
| Dec 31, 2013 | 4.69 Bn |
| Sep 30, 2013 | 4.65 Bn |
| Jun 30, 2013 | 4.41 Bn |
| Mar 31, 2013 | 4.24 Bn |
| Dec 31, 2012 | 4.14 Bn |
| Sep 30, 2012 | 3.99 Bn |
| Jun 30, 2012 | 3.88 Bn |
| Mar 31, 2012 | 4.07 Bn |
| Dec 31, 2011 | 4.31 Bn |
| Sep 30, 2011 | 4.63 Bn |
| Jun 30, 2011 | 4.04 Bn |
| Mar 31, 2011 | 3.70 Bn |
| Dec 31, 2010 | 3.69 Bn |
| Sep 25, 2010 | 3.55 Bn |
| Jun 26, 2010 | 3.15 Bn |
| Mar 27, 2010 | 2.87 Bn |
| Dec 26, 2009 | 2.83 Bn |
| Sep 26, 2009 | 2.49 Bn |
| Jun 27, 2009 | 2.36 Bn |