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

First Solar's Return on Invested Capital history runs 16 years deep, the most recent figure standing at 0.02% for Q1 2026.

• Quarterly Return on Invested Capital changed 0.0% year-over-year to 0.02% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.02% (changed 0.0% YoY) and the FY2025 annual result came in at 0.07%, down 1.0% from the prior year.
• Return on Invested Capital was 0.02% for Q1 2026 at First Solar, up from 0.02% in the prior quarter.
• Across five years, Return on Invested Capital topped out at 0.15% in Q3 2023 and bottomed at 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 decreased 13 bps — and 2025, when it changed 0 bps.
• First Solar's Return on Invested Capital stood at 0.09% in 2023, then slumped by 80 bps to 0.02% in 2024, then slipped by 9 bps to 0.02% in 2025, then advanced by 10 bps to 0.02% in 2026.
• Business Quant data shows FSLR's Return on Invested Capital at 0.02% in Q1 2026, 0.02% in Q4 2025, and 0.02% in Q3 2025.