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First Solar FSLR Return on assets

Return on assets at other companies

Enphase Energy logo
Enphase EnergyENPH
4.6%-0.1pp
Tesla, Inc. logo
Tesla, Inc.TSLA
2.9%-2.3pp

Other financials

Income statement

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Revenue$1.0B+23.6%
Gross profit$486.1M+41.2%
Operating income$345.3M+56.1%
Net income$346.6M+65.4%
EPS (diluted)$3.22+65.1%

Balance sheet

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Cash & equivalents$2.4B+182%
Total debt$590.9M-6.5%
Total equity$9.9B+20.7%
Total assets$13.4B+10.2%

Cash flow

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Operating cash flow-$214.9M+64.7%
CapEx$118.5M-42.5%
Free cash flow-$333.4M+59.0%

Valuation

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Market cap$27.69B+56.4%
Enterprise value$25.91B+45.5%
P/E16.6×+2.6×
P/S5.1×+1.0×

Profitability

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Gross margin41.7%-1.9pp
Operating margin31.8%-0.5pp
Net margin30.7%+1.0pp
FCF margin30.8%

Returns & leverage

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Return on equity18.4%+1.7pp
Debt / equity0.1×0.0×
Current ratio2.6×+0.6×

Where this comes from

Calculated from First Solar’s reported figures.

Based on trailing twelve months.

The official record: First Solar’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is First Solar's return on assets?
First Solar (FSLR) reported return on assets of 13.1% in Q1 2026.
How has First Solar's return on assets changed year-over-year?
First Solar's return on assets increased by 18.3% year-over-year, from 11.1% to 13.1%.
What is the long-term trend for First Solar's return on assets?
Over 5 years (2020 to 2025), First Solar's return on assets has grown at a 17.1% compound annual growth rate (CAGR), from 5.4% to 12%.
What does return on assets mean?
Trailing-twelve-month net income divided by average total assets. Measures how efficiently the asset base generates profit, independent of how those assets are financed. Computed as net income over average total assets — note this is OpenCapital's standard definition and may differ from data vendors that use alternative numerators.