First Solar (FSLR) Return on Assets [ROA] (2009 - 2026)
First Solar's Return on Assets [ROA] came in at 13.06% for Q2 2026, up 2.99 percentage points from 10.07% a year earlier and up 0.57 percentage points from the prior quarter.
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Analysis
First Solar (FSLR) Return on Assets [ROA] (2009 - 2026) Analysis & Trends
For FY2025, First Solar's Return on Assets [ROA] was 12.01%, up 0.52 percentage points from FY2024.
- Return on Assets [ROA] has increased in each of the last three years, with a five-year change of +6.53 percentage points (FY2020 to FY2025).
- Going back by year, Return on Assets [ROA] was 11.49% in FY2024 (+2.56 pp), 8.93% in FY2023 (+9.49 pp), -0.56% in FY2022 (-7.02 pp) and 6.45% in FY2021 (+0.98 pp).
- The Q2 2026 figure represents the highest quarterly Return on Assets [ROA] since Q1 2011.
- Year-over-year, Return on Assets [ROA] has increased for three consecutive quarters, with an average year-over-year change of +1.68 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Assets [ROA] over five years came in Q2 2024 (a gain of 9.27 percentage points), and the weakest in Q4 2022 (a drop of 6.95 percentage points).
- Business Quant data shows FSLR's Return on Assets [ROA] at 12.49% (Q1 2026), 11.41% (Q4 2025) and 10.64% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROA (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 220.43 Bn | 180.35 Bn | 2.36 Bn | 12.18% |
| 2 | Bloom Energy | 57.01 Bn | 46.91 Bn | 417.10 Mn | 8.57% |
| 3 | First Solar | 18.43 Bn | 9.38 Bn | 605.00 Mn | 13.06% |
| 4 | Nextpower | 11.72 Bn | 7.62 Bn | 335.85 Mn | 14.25% |
| 5 | BWX Technologies | 11.55 Bn | 9.85 Bn | 202.31 Mn | 8.14% |
| 6 | Generac Holdings | 10.93 Bn | 9.76 Bn | 521.81 Mn | 4.56% |
| 7 | EnerSys | 6.08 Bn | 4.28 Bn | 313.36 Mn | 8.86% |
| 8 | Enphase Energy | 4.20 Bn | -662.70 Mn | 175.01 Mn | 4.75% |
| 9 | Mirion Technologies | 3.64 Bn | 1.48 Bn | 133.10 Mn | 0.73% |
| 10 | QuantumScape | 2.56 Bn | -1.18 Bn | - | -33.78% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 13.06% |
| Mar 31, 2026 | 12.49% |
| Dec 31, 2025 | 11.41% |
| Sep 30, 2025 | 10.64% |
| Jun 30, 2025 | 10.07% |
| Mar 31, 2025 | 10.44% |
| Dec 31, 2024 | 10.97% |
| Sep 30, 2024 | 11.12% |
| Jun 30, 2024 | 11.06% |
| Mar 31, 2024 | 9.70% |
| Dec 31, 2023 | 8.33% |
| Sep 30, 2023 | 5.10% |
| Jun 30, 2023 | 1.78% |
| Mar 31, 2023 | 0.50% |
| Dec 31, 2022 | -0.56% |
| Sep 30, 2022 | 1.27% |
| Jun 30, 2022 | 2.55% |
| Mar 31, 2022 | 2.91% |
| Dec 31, 2021 | 6.38% |
| Sep 30, 2021 | 6.27% |
API Access
First Solar Return on Assets [ROA] 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=return-on-assets-%5Broa%5D&ticker=FSLR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-assets-[roa]", "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=return-on-assets-%5Broa%5D&ticker=FSLR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();