First Solar FSLR
NASDAQ FSLR
$214.28 +0.22 (+0.10%)
At close: Aug 21, 2026 · 4:00 PM EDT

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
DateValue
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%