First Solar, Inc.
FSLR Technology Solar
First Solar, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $5.2 billion, up 24.1% from fiscal 2024. In the quarter to June 2026, revenue fell 3.73%, EPS grew 23.2%, free cash flow fell 121.0% and total debt fell 93.5%, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for three consecutive years.
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First Solar, Inc. (FSLR) Return on assets
First Solar, Inc.'s return on assets over the twelve months to 30 June 2026 was 13.3%, up 1.3 percentage points from fiscal 2025 (12.0%). Over the past ten years it has ranged from −5.89% (fiscal 2016) to 12.0% (fiscal 2025) — the current reading is the highest in ten years. That is above the Solar industry median of −5.36% and above the Technology sector median of 0.00%.
Return on assets, annual
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Annual newest first
| Period | Return on assets | Change (points) |
|---|---|---|
| FY2025 | 12.0% | 0.52 |
| FY2024 | 11.5% | 2.56 |
| FY2023 | 8.93% | 9.49 |
| FY2022 | −0.56% | (7.01) |
| FY2021 | 6.45% | 1.00 |
| FY2020 | 5.45% | 7.02 |
| FY2019 | −1.57% | (3.63) |
| FY2018 | 2.06% | 4.48 |
| FY2017 | −2.42% | 3.47 |
| FY2016 | −5.89% | (14.34) |
Against its own ten years
Return on assets against peers
| Company | Return on assets |
|---|---|
| NXT Nextpower Inc. compare | 15.5% |
| FSLR First Solar, Inc. | 13.3% |
| ENPH Enphase Energy, Inc. compare | 4.40% |
| SHLS Shoals Technologies Group, Inc. compare | 3.51% |
| RUN Sunrun Inc. compare | 1.81% |
| JKS JinkoSolar Holding Company Limited compare | −2.91% |
| DQ DAQO New Energy Corp. compare | −3.04% |
| ARRY Array Technologies, Inc. compare | −9.62% |
| SEDG SolarEdge Technologies, Inc. compare | −11.3% |
| Solar industry median | −5.36% |
| Technology sector median | 0.00% |
| Market median | 0.00% |
What Return on assets is
ROA tells an investor how much profit a company earns for shareholders from the assets it uses to run its business.
Annual: Net Income Allotted to Shareholders ÷ Average Assets; TTM: Net Income Allotted to Shareholders ÷ Average Assets (latest quarter)
More on FSLR
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement