First Solar (FSLR) Return on Capital Employed (2009 - 2026)

First Solar has reported Return on Capital Employed for 18 years, with the latest figure at 15.46% in Q1 2026.

• For the quarter ending Q1 2026, Return on Capital Employed rose 139.0% year-over-year to 15.46%; the trailing twelve-month figure through Mar 2026 stood at 15.46% (up 139.0% YoY), and the FY2025 full-year result was 15.25%, up 4.0% from the prior year.
• Return on Capital Employed for Q1 2026 stood at 15.46%, up from 14.34% in the prior quarter.
• The five-year high for Return on Capital Employed was 15.46% in Q1 2026, with the low at 0.4% in Q4 2022.
• Historically, Return on Capital Employed has averaged 9.17% across 5 years, with a median of 12.29% in 2024.
• Annual changes were most pronounced in 2022 — Return on Capital Employed tumbled 927 bps — and 2024, when it jumped 1317 bps.
• First Solar's Return on Capital Employed stood at 0.4% in 2022, then soared by 2582 bps to 9.89% in 2023, then surged by 45 bps to 14.37% in 2024, then retreated by 0 bps to 14.34% in 2025, then gained by 8 bps to 15.46% in 2026.
• The last three Return on Capital Employed figures came in at 15.46% (Q1 2026), 14.34% (Q4 2025), and 14.95% (Q3 2025), per Business Quant data.