First Solar (FSLR) Return on Invested Capital (2009 - 2026)
First Solar's (FSLR) quarterly Return on Invested Capital came in at 0.02% in Q2 2026, up 1.0% YoY from 0.02% in Q2 2025, and up 17.74% on a QoQ basis from 0.02% in Q1 2026.
First Solar (FSLR) Return on Invested Capital (2009 - 2026) Analysis & Trends
First Solar (FSLR) has 16 years of Return on Invested Capital data on file, last reported at 0.02% in Q2 2026.
- Quarterly Return on Invested Capital rose 1.0% year-over-year to 0.02% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 0.02% (up 1.0% YoY) and the FY2025 annual result came in at 0.07%, down 1.0% from the prior year.
- Return on Invested Capital climbed to 0.02% in Q2 2026, from 0.02% in the prior quarter.
- In the past five years, Return on Invested Capital ranged from a high of 0.15% in Q3 2023 to a low of 0.02% in Q2 2025.
- A 4-year average of 0.04% and a median of 0.02% in 2026 frame the typical range for Return on Invested Capital.
- Annual changes were most pronounced in 2024 — Return on Invested Capital declined 13 bps — and 2026, when it gained 1 bps.
- Tracing FSLR's Return on Invested Capital over 4 years: stood at 0.09% in 2023, then plunged by 80 bps to 0.02% in 2024, then retreated by 9 bps to 0.02% in 2025, then climbed by 29 bps to 0.02% in 2026.
- The last three Return on Invested Capital figures came in at 0.02% (Q2 2026), 0.02% (Q1 2026), and 0.02% (Q4 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 0.02% |
| 2 | Nextpower | 13.03 Bn | 11.82 Bn | 335.85 Mn | - |
| 3 | Enphase Energy | 5.10 Bn | 4.16 Bn | 175.01 Mn | 0.00% |
| 4 | Sunrun | 2.19 Bn | 2.19 Bn | 527.54 Mn | 0.00% |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | - |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | - |
| 7 | Canadian Solar | 985.60 Mn | -602.69 Mn | 124.40 Mn | 0.00% |
| 8 | JinkoSolar Holding | 833.21 Mn | -2.48 Bn | 147.66 Mn | -0.03% |
| 9 | Array Technologies | 727.02 Mn | 419.71 Mn | 99.60 Mn | -0.01% |
| 10 | Toyo | 181.99 Mn | 105.35 Mn | 47.76 Mn | 0.01% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 0.02% |
| Mar 31, 2026 | 0.02% |
| Dec 31, 2025 | 0.02% |
| Sep 30, 2025 | 0.02% |
| Jun 30, 2025 | 0.02% |
| Mar 31, 2025 | 0.02% |
| Dec 31, 2024 | 0.02% |
| Sep 30, 2024 | 0.02% |
| Jun 30, 2024 | 0.03% |
| Mar 31, 2024 | 0.04% |
| Dec 31, 2023 | 0.09% |
| Sep 30, 2023 | 0.15% |
| Sep 30, 2020 | 0.12% |
| Jun 30, 2020 | -0.36% |
| Mar 31, 2020 | 0.04% |
| Dec 31, 2019 | -0.13% |
| Sep 30, 2019 | 0.01% |
| Jun 30, 2019 | -0.01% |
| Mar 31, 2019 | -0.05% |
| Dec 31, 2018 | 0.02% |