First Solar Inc (FSLR) — Capital Reinvestment Ratio
First Solar Inc (FSLR) has a Capital Reinvestment Ratio of 0.14x as of December 2025, meaning it reinvests 0% of its operating cash flow ($1.24 Billion) in capital expenditures ($171.73 Million). Check First Solar Inc (FSLR) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
First Solar Inc Capital Reinvestment Ratio (2005–2025)
This chart tracks First Solar Inc's Capital Reinvestment Ratio across 17 annual periods. For the full cash flow conversion analysis, see FSLR cash flow metrics.
Annual Capital Reinvestment Ratio for First Solar Inc (2005–2025)
Year-by-year Capital Reinvestment Ratio for First Solar Inc from 2005 to 2025. See First Solar Inc (FSLR) FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.42x | $2.06 Billion | $869.88 Million | ▼ -66.3% |
| 2024 | 1.25x | $1.22 Billion | $1.53 Billion | ▼ -45.6% |
| 2023 | 2.30x | $602.26 Million | $1.39 Billion | ▲ +122.6% |
| 2022 | 1.03x | $873.37 Million | $903.61 Million | ▼ -54.5% |
| 2021 | 2.27x | $237.56 Million | $540.29 Million | ▼ -79.7% |
| 2020 | 11.22x | $37.12 Million | $416.63 Million | ▲ +192.4% |
| 2019 | 3.84x | $174.20 Million | $668.72 Million | ▲ +900.6% |
| 2017 | 0.38x | $1.34 Billion | $514.36 Million | ▼ -65.4% |
| 2016 | 1.11x | $206.75 Million | $229.45 Million | ▲ +193.4% |
| 2014 | 0.38x | $680.99 Million | $257.55 Million | ▲ +14.6% |
| 2013 | 0.33x | $856.13 Million | $282.58 Million | ▼ -33.7% |
| 2012 | 0.50x | $762.21 Million | $379.23 Million | ▼ -40.4% |
| 2010 | 0.83x | $705.49 Million | $588.91 Million | ▲ +101.3% |
| 2009 | 0.41x | $675.19 Million | $279.94 Million | ▼ -58.2% |
| 2008 | 0.99x | $463.07 Million | $459.27 Million | ▼ -15.7% |
| 2007 | 1.18x | $205.95 Million | $242.37 Million | ▼ -86.0% |
| 2005 | 8.43x | $5.04 Million | $42.48 Million | — |