First Solar, Inc. (FSLR) Return on equity 2016–2025
First Solar, Inc. (FSLR) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
16.0%FY2025 · since FY2016: -8.0% → 16.0%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 16.0% | -0.2 pp |
| FY2024 | 16.2% | +3.8 pp |
| FY2023 | 12.4% | +13.2 pp |
| FY2022 | -0.8% | -8.6 pp |
| FY2021 | 7.9% | +0.6 pp |
| FY2020 | 7.2% | +9.5 pp |
| FY2019 | -2.3% | -5.0 pp |
| FY2018 | 2.8% | +6.0 pp |
| FY2017 | -3.2% | +4.7 pp |
| FY2016 | -8.0% | — |
ROE = reported net income ÷ reported year-end shareholders’ equity for the same fiscal year. Heavy buybacks shrink equity and can push ROE very high (or negative-equity years drop out).
Source: SEC XBRL filings · For reference only · Not investment advice
More FSLR financial trends
FSLR RevenueFSLR Net incomeFSLR Net marginFSLR Gross profitFSLR Gross marginFSLR Operating incomeFSLR Operating marginFSLR Operating cash flowFSLR Free cash flowFSLR Capital expendituresFSLR Stock buybacksFSLR Dividends paidFSLR Total assetsFSLR Total liabilitiesFSLR Shareholders’ equityFSLR overview →