Growth Metrics

First Solar (FSLR) Invested Capital (2016 - 2025)

First Solar's Invested Capital history spans 17 years, with the latest figure at $9.9 billion for Q4 2025.

  • For Q4 2025, Invested Capital rose 17.84% year-over-year to $9.9 billion; the TTM value through Dec 2025 reached $9.9 billion, up 17.84%, while the annual FY2025 figure was $9.9 billion, 17.84% up from the prior year.
  • Invested Capital reached $9.9 billion in Q4 2025 per FSLR's latest filing, up from $9.4 billion in the prior quarter.
  • In the past five years, Invested Capital ranged from a high of $9.9 billion in Q4 2025 to a low of $5.7 billion in Q1 2021.
  • Average Invested Capital over 5 years is $7.1 billion, with a median of $6.6 billion recorded in 2023.
  • Peak YoY movement for Invested Capital: fell 3.37% in 2022, then rose 25.24% in 2024.
  • A 5-year view of Invested Capital shows it stood at $6.2 billion in 2021, then fell by 3.37% to $6.0 billion in 2022, then rose by 19.85% to $7.2 billion in 2023, then grew by 17.13% to $8.4 billion in 2024, then rose by 17.84% to $9.9 billion in 2025.
  • Per Business Quant, the three most recent readings for FSLR's Invested Capital are $9.9 billion (Q4 2025), $9.4 billion (Q3 2025), and $9.0 billion (Q2 2025).