Return on Invested Capital (ROIC): 14.42%
Is the return on invested capital (ROIC) high or low?
The return on invested capital (ROIC) of 14.42% is 74% above its 5-year average of 8.29%, near the high end of its 5-year range (1.94%–14.42%).
As of Friday, June 26, 2026. 7.37% above its 12-month average of 13.43%.
FSLR Return on Invested Capital (ROIC) Chart
Annual fiscal-year return on invested capital; no daily interpolation.
FSLR Average Return on Invested Capital (ROIC) Chart
FSLR Current vs Average Return on Invested Capital (ROIC) Chart
FSLR Return on Invested Capital (ROIC) Metrics
RETURN ON INVESTED CAPITAL (ROIC)
14.42%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
13.43%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
9.38%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
8.29%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
4.27%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
4.69%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
5.76%
CURRENT VS TTM AVG
+7.37%
CURRENT VS 3Y AVG
+53.73%
CURRENT VS 5Y AVG
+74.01%
CURRENT VS 10Y AVG
+238.06%
CURRENT VS 15Y AVG
+207.46%
CURRENT VS 20Y AVG
+150.47%
FSLR Competitors' Return on Invested Capital (ROIC)
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| First Solar, Inc. (FSLR) | $25.65B | 14.42% | 13.43% | 9.38% | 8.29% |
| Coterra Energy Inc. (CTRA)vs › | $24.72B | 8.00% | 6.80% | 10.87% | 9.26% |
| Halliburton Company (HAL)vs › | $28.40B | 8.38% | 11.54% | 12.77% | 8.00% |
| Expand Energy Corporation (EXE)vs › | $21.46B | 6.38% | 1.84% | 12.91% | -13.44% |
| Tenaris S.A. (TS)vs › | $30.07B | 10.12% | 10.43% | 14.13% | 9.32% |
| EQT Corporation (EQT)vs › | $33.14B | 6.18% | 3.92% | 6.66% | 2.88% |
| APA Corporation (APA)vs › | $11.60B | 9.96% | 12.00% | 21.17% | 17.07% |
| Antero Midstream Corporation (AM)vs › | $10.92B | 8.18% | 8.25% | 7.88% | 6.27% |
| Enphase Energy, Inc. (ENPH)vs › | $6.23B | 4.79% | 3.62% | 9.02% | 11.21% |
| Weatherford International plc (WFRD)vs › | $5.88B | 16.68% | 18.24% | 15.59% | 4.98% |
Capital Efficiency
ROIC
14.4%
ROE
16.9%
Return on Invested Capital (ROIC) Formula & Definition
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Return on Invested Capital (ROIC) FAQ
- What is the return on invested capital (ROIC) for First Solar, Inc. (FSLR)?
- The return on invested capital (ROIC) for FSLR stock is 14.42%.
- Is First Solar, Inc.'s return on invested capital (ROIC) high or low?
- The return on invested capital (ROIC) of 14.42% is 74% above its 5-year average of 8.29%, near the high end of its 5-year range (1.94%–14.42%).
- What is the TTM average return on invested capital (ROIC) for First Solar, Inc. (FSLR)?
- The TTM average return on invested capital (ROIC) for FSLR stock is 13.43%.
- What is the 3Y average return on invested capital (ROIC) for First Solar, Inc. (FSLR)?
- The 3Y average return on invested capital (ROIC) for FSLR stock is 9.38%.
- What is the 5Y average return on invested capital (ROIC) for First Solar, Inc. (FSLR)?
- The 5Y average return on invested capital (ROIC) for FSLR stock is 8.29%.
- What is the 10Y average return on invested capital (ROIC) for First Solar, Inc. (FSLR)?
- The 10Y average return on invested capital (ROIC) for FSLR stock is 4.27%.
- What is the 15Y average return on invested capital (ROIC) for First Solar, Inc. (FSLR)?
- The 15Y average return on invested capital (ROIC) for FSLR stock is 4.69%.
- What is the 20Y average return on invested capital (ROIC) for First Solar, Inc. (FSLR)?
- The 20Y average return on invested capital (ROIC) for FSLR stock is 5.76%.
FSLR Return on Invested Capital (ROIC) History
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | 14.42% |
| 2024-12-31 | 12.44% |
| 2023-12-31 | 8.72% |
| 2022-12-31 | 1.94% |
| 2021-12-31 | 7.17% |
| 2020-12-31 | 5.03% |
| 2019-12-31 | -2.48% |
| 2018-12-31 | 0.62% |
| 2017-12-31 | -2.29% |
| 2016-12-31 | -9.48% |
| 2015-12-31 | 10.83% |
| 2014-12-31 | 6.92% |
| 2013-12-31 | 6.37% |
| 2012-12-31 | -0.71% |
| 2011-12-31 | -1.04% |
| 2010-12-31 | 16.58% |
| 2009-12-31 | 21.25% |
| 2008-12-31 | 18.62% |
| 2007-12-31 | 11.21% |
| 2006-12-31 | 0.22% |
| 2005-12-31 | -5.44% |
| 2004-12-31 | -46.09% |
| 2003-12-31 | 0.00% |
| 2002-12-31 | -118.45% |
| 2001-12-31 | -216.64% |
Related Metrics
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