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

First Solar (FSLR) reported Invested Capital of $10.2 billion for Q1 2026, up 18.59% on a YoY basis from $8.6 billion in Q1 2025, and up 2.98% quarter-over-quarter from $9.9 billion in Q4 2025.

First Solar (FSLR) Invested Capital (2009 - 2026) Analysis & Trends

First Solar has reported Invested Capital for 18 years, with the latest figure 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.
  • The five-year high for Invested Capital was $10.2 billion in Q1 2026, with the low at $5.8 billion in Q3 2022.
  • Historically, Invested Capital has averaged $7.6 billion across 5 years, with a median of $7.4 billion in 2024.
  • Annual changes were most pronounced in 2022 — Invested Capital declined 3.37% — and 2024, when it gained 25.99%.
  • First Solar's Invested Capital stood at $6.0 billion in 2022, then climbed by 19.07% to $7.1 billion in 2023, then increased by 18.23% to $8.4 billion in 2024, then advanced by 17.41% to $9.9 billion in 2025, then increased 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 28.68 Bn 26.25 Bn 486.13 Mn 10.21 Bn
2 Nextpower 18.03 Bn 16.93 Bn 297.38 Mn 2.33 Bn
3 Enphase Energy 7.16 Bn 6.23 Bn 100.39 Mn 1.67 Bn
4 Solaredge Technologies 3.68 Bn 3.13 Bn 68.28 Mn 410.72 Mn
5 Sunrun 3.02 Bn 3.91 Bn 543.70 Mn 3.63 Bn
6 Shoals Technologies 1.75 Bn 1.75 Bn 41.01 Mn 601.65 Mn
7 Array Technologies 1.19 Bn 987.00 Mn 63.00 Mn 106.71 Mn
8 JinkoSolar Holding 596.69 Mn 2.20 Bn 147.66 Mn 26.33 Mn
9 Tigo Energy 209.39 Mn 197.82 Mn 10.79 Mn 40.85 Mn
10 Skycorp Solar 110.38 Mn 103.60 Mn - 24.48 Mn

Historic Data

Download Data
DateValue
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