Operating Cash Flow CAGR:615.82%(TTM)
Operating cash flow CAGR uses precomputed cash-flow statement history (cash from operations, before capital expenditures).
Over longer horizons, Operating Cash Flow CAGR averages 35.83% over 3 years and 56.33% over 5 years.The TTM figure compares the trailing 12 months (sum of the latest four quarters) with the 12 months before that. Rows in the history table compare fiscal years, and the quarterly table compares single quarters; the three measure different windows and will differ. Operating cash flow CAGR measures the compound annual growth rate of the cash First Solar, Inc. generates from its core business operations, before capital expenditures, computed from rolling-twelve-month cash-flow statement history.
FSLR Operating Cash Flow CAGR Chart
First Solar, Inc. (FSLR)
FSLR Quarterly Operating Cash Flow Growth (YoY)
Operating Cash Flow growth vs the same quarter one year earlier, last 20 quarters.
FSLR Operating Cash Flow CAGR History
| Year | Start OCF | End OCF | Change | % Change | CAGR |
|---|---|---|---|---|---|
| 2025 | $1.22B | $2.06B | +$839.11M | +68.89% | +68.89% |
| 2024 | $602.26M | $1.22B | +$615.74M | +102.24% | +102.24% |
| 2023 | $873.37M | $602.26M | $-271.11M | -31.04% | -31.04% |
| 2022 | $237.56M | $873.37M | +$635.81M | +267.64% | +267.64% |
| 2021 | $37.12M | $237.56M | +$200.44M | +539.98% | +539.98% |
| 2020 | $174.20M | $37.12M | $-137.08M | -78.69% | -78.69% |
| 2019 | $-326.81M | $174.20M | +$501.01M | N/A | N/A |
| 2018 | $1.34B | $-326.81M | $-1.67B | -124.38% | N/A |
| 2017 | $206.75M | $1.34B | +$1.13B | +548.44% | +548.44% |
| 2016 | $-360.92M | $206.75M | +$567.67M | N/A | N/A |
| 2015 | $680.99M | $-360.92M | $-1.04B | -153.00% | N/A |
| 2014 | $856.13M | $680.99M | $-175.14M | -20.46% | -20.46% |
| 2013 | $762.21M | $856.13M | +$93.92M | +12.32% | +12.32% |
| 2012 | $-33.46M | $762.21M | +$795.67M | N/A | N/A |
| 2011 | $705.49M | $-33.46M | $-738.96M | -104.74% | N/A |
| 2010 | $675.19M | $705.49M | +$30.30M | +4.49% | +4.49% |
| 2009 | $463.07M | $675.19M | +$212.13M | +45.81% | +45.81% |
| 2008 | $205.95M | $463.07M | +$257.12M | +124.84% | +124.84% |
| 2007 | $-576.00K | $205.95M | +$206.53M | N/A | N/A |
| 2006 | $5.04M | $-576.00K | $-5.62M | -111.43% | N/A |
| 2005 | $-15.19M | $5.04M | +$20.23M | N/A | N/A |
| 2004 | $-15.42M | $-15.19M | +$235.00K | N/A | N/A |
Quarterly Operating Cash Flow: QoQ & YoY
| Quarter | Value | QoQ | YoY |
|---|---|---|---|
| Q1 2026 | -$214.87M | — | +64.7% |
| Q4 2025 | $1.24B | -2.5% | +53.1% |
| Q3 2025 | $1.27B | +751.5% | — |
| Q2 2025 | $149.58M | — | -22.5% |
| Q1 2025 | -$607.98M | — | — |
| Q4 2024 | $811.00M | — | +44.5% |
| Q3 2024 | -$53.73M | — | — |
| Q2 2024 | $193.01M | -27.9% | — |
| Q1 2024 | $267.72M | -52.3% | — |
| Q4 2023 | $561.11M | +239.2% | -29.4% |
| Q3 2023 | $165.43M | — | +28.3% |
| Q2 2023 | -$89.68M | -159.2% | — |
| Q1 2023 | -$34.60M | — | +75.1% |
| Q4 2022 | $795.22M | +516.6% | +2207.2% |
| Q3 2022 | $128.97M | +46.5% | -57.8% |
| Q2 2022 | $88.02M | — | -50.3% |
QoQ = change vs the prior quarter; YoY = change vs the same quarter a year earlier.
About First Solar, Inc.
First Solar, Inc. is a global provider of photovoltaic (PV) solar energy solutions, operating in numerous international markets including the United States, Japan, France, Canada, India, and Australia. The company's primary activity involves the engineering, manufacturing, and sale of cadmium telluride solar modules, which are designed to convert solar radiation directly into electricity. Its clientele is broad, serving system developers and operators, utility companies, independent power producers, commercial and industrial businesses, and various other system owners. Founded in 1999, the firm is based in Tempe, Arizona, and underwent a name change in 2006 from its former designation, First Solar Holdings, Inc.
- Sector
- Energy
- Industry
- Solar
- CEO
- Mark R. Widmar