First Solar (FSLR) Return on Sales [ROS] (2009 - 2026)
First Solar's Return on Sales [ROS] came in at 44.37% for Q3 2026, up 15.14 percentage points from 29.22% a year earlier and up 1.72 percentage points from the prior quarter.
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Analysis
First Solar (FSLR) Return on Sales [ROS] (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, First Solar reported Return on Sales [ROS] of 37.69%, up 7.88 percentage points year-over-year; for FY2025, it came in at 30.59%, down 2.56 percentage points from FY2024.
- Return on Sales [ROS] carries a five-year change of +18.89 percentage points (FY2020 to FY2025).
- Going back by year, Return on Sales [ROS] was 33.15% in FY2024 (+7.32 pp), 25.83% in FY2023 (+26.87 pp), -1.04% in FY2022 (-21.11 pp) and 20.07% in FY2021 (+8.36 pp).
- The Q3 2026 figure represents the highest quarterly Return on Sales [ROS] in data going back to Q1 2009.
- Year-over-year, Return on Sales [ROS] has increased for four consecutive quarters, with an average year-over-year change of +1.82 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Sales [ROS] over five years came in Q3 2023 (a gain of 44.94 percentage points), and the weakest in Q1 2022 (a drop of 47.16 percentage points).
- Business Quant data shows FSLR's Return on Sales [ROS] at 42.64% (Q2 2026), 33.07% (Q1 2026) and 32.56% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROS (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 212.47 Bn | 164.72 Bn | 3.11 Bn | 11.03% |
| 2 | Bloom Energy | 56.73 Bn | 46.66 Bn | 417.10 Mn | 18.24% |
| 3 | First Solar | 18.42 Bn | 9.79 Bn | 713.06 Mn | 44.37% |
| 4 | Nextpower | 14.32 Bn | 10.03 Bn | 345.32 Mn | 18.71% |
| 5 | BWX Technologies | 11.27 Bn | 9.04 Bn | 227.14 Mn | 13.86% |
| 6 | Generac Holdings | 11.25 Bn | 9.99 Bn | 516.04 Mn | 12.40% |
| 7 | Innio | 10.93 Bn | 7.17 Bn | 367.70 Mn | 16.58% |
| 8 | EnerSys | 5.13 Bn | 3.44 Bn | 284.35 Mn | 12.15% |
| 9 | Mirion Technologies | 4.30 Bn | 2.71 Bn | 131.50 Mn | 6.19% |
| 10 | Enphase Energy | 3.45 Bn | -863.96 Mn | 127.12 Mn | 2.20% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 44.37% |
| Jun 30, 2026 | 42.64% |
| Mar 31, 2026 | 33.07% |
| Dec 31, 2025 | 32.56% |
| Sep 30, 2025 | 29.22% |
| Jun 30, 2025 | 32.96% |
| Mar 31, 2025 | 26.20% |
| Dec 31, 2024 | 30.17% |
| Sep 30, 2024 | 36.27% |
| Jun 30, 2024 | 36.86% |
| Mar 31, 2024 | 30.62% |
| Dec 31, 2023 | 34.33% |
| Sep 30, 2023 | 34.07% |
| Jun 30, 2023 | 20.79% |
| Mar 31, 2023 | 3.28% |
| Dec 31, 2022 | -4.58% |
| Sep 30, 2022 | -10.87% |
| Jun 30, 2022 | 23.32% |
| Mar 31, 2022 | -15.75% |
| Dec 31, 2021 | 19.08% |
API Access
First Solar Return on Sales [ROS] 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-sales-%5Bros%5D&ticker=FSLR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-sales-[ros]", "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-sales-%5Bros%5D&ticker=FSLR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();