First Solar (XSWX:FSLR) 3-Year ROIIC % : 0.00% (As of Dec. 2025)


XSWX:FSLR First Solar Inc XSWX:FSLR
91 GF Score
Price CHF189.38
GF Value CHF216.66
! 4 Warning Signs
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What is First Solar 3-Year ROIIC %?

First Solar XSWX:FSLR 91 3-Year ROIIC % is 0.00 as of Dec. 2025. GuruFocus rates XSWX:FSLR with a GF Score™ of 91/100 and a GF Value™ of CHF216.66. The stock has 4 warning signs investors should review. Among 997 Semiconductors companies, First Solar ranks worse than 100300.8% on this metric.

3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year. First Solar's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 0.00%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for First Solar's 3-Year ROIIC % or its related term are showing as below:

XSWX:FSLR's 3-Year ROIIC % is not ranked *
in the Semiconductors industry.
Industry Median: -0.2
* Ranked among companies with meaningful 3-Year ROIIC % only.

First Solar  (XSWX:FSLR) 3-Year ROIIC % Explanation

Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.

High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

Be Aware

It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.


First Solar 3-Year ROIIC % Related Terms


First Solar 3-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for First Solar's 3-Year ROIIC % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

First Solar 3-Year ROIIC % Chart

First Solar Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
3-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.59 0.00 18.83 22.21 0.00

First Solar Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
3-Year ROIIC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

XSWX:FSLR vs NXT, ENPH, RUN: 3-Year ROIIC % Comparison

For the Solar subindustry, First Solar's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


First Solar 3-Year ROIIC % vs Semiconductors Industry

For the Semiconductors industry and Technology sector, First Solar's 3-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where First Solar's 3-Year ROIIC % falls into.


XSWX:FSLR
91GF Score
First Solar Inc XSWX:FSLR
3-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
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First Solar 3-Year ROIIC % Calculation

First Solar's 3-Year ROIIC % for the quarter that ended in Dec. 2025 is calculated as:

3-Year ROIIC %=3-Year Incremental Net Operating Profit After Taxes (NOPAT)**/3-Year Incremental Invested Capital**
=( 1230.1653847 (Dec. 2025) - -0 (Dec. 2022) )/( 7633.099 (Dec. 2025) - 4627.814 (Dec. 2022) )
=/3005.285
=0.00%***

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.

Frequently Asked Questions Learn more about 3-Year ROIIC % →
What does a 3-Year ROIIC % of 0.00 mean?
First Solar (XSWX:FSLR) has a 3-Year ROIIC % of 0.00 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on First Solar and its competitors. According to the industry distribution chart, First Solar ranks #999999 out of 997 companies in the Semiconductors industry.
Is First Solar's 3-Year ROIIC % too high?
First Solar's current 3-Year ROIIC % is 0.00. Based on the distribution chart, First Solar ranks #999999 out of 997 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, First Solar has a GF Score™ of 91/100, reflecting its overall financial health beyond just this single metric.
How does First Solar's 3-Year ROIIC % compare to NXT and ENPH?
According to the Semiconductors industry distribution chart, First Solar ranks #999999 out of 997 companies for 3-Year ROIIC %. This places First Solar in the lower half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year ROIIC % for a Semiconductors company?
A good 3-Year ROIIC % depends on the Semiconductors industry context. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on First Solar and its competitors. First Solar's current 3-Year ROIIC % is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Solar stock overvalued right now?
First Solar (XSWX:FSLR) has a current 3-Year ROIIC % of 0.00. The stock's GF Value™ is CHF216.66, compared to a current price of CHF189.38 — trading 12.6% below its estimated fair value. The current 3-Year ROIIC % is 0.00. First Solar's overall GF Score™ is 91/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For First Solar (XSWX:FSLR), the current 3-Year ROIIC % is 0.00 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is First Solar (XSWX:FSLR) Overvalued in 2026?

Based on GuruFocus' analysis, First Solar stock appears to be undervalued. The current stock price of CHF189.38 is trading 12.6% below its estimated GF Value™ of CHF216.66.

Key valuation signals for XSWX:FSLR:

  • 3-Year ROIIC %: 0.00
  • GF Value™: CHF216.66 vs. price of CHF189.38 (12.6% below fair value)
  • GF Score™: 91/100 with 4 warning signs

No single metric tells the full story. See the XSWX:FSLR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


First Solar Business Description

Address 4300 East Camelback Road, Suite 220, Phoenix, AZ, USA, 85018
First Solar designs and manufactures solar photovoltaic panels, modules, and systems for use in utility-scale development projects. The company's solar modules use cadmium telluride to convert sunlight into electricity. This is commonly called thin-film technology. First Solar is the world's largest thin-film solar module manufacturer. It has production lines in Vietnam, Malaysia, the United States, and India.
91GF Score

Get the complete analysis for XSWX:FSLR

3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF189.38
Price
CHF216.66
GF Value