First Solar Inc (FSLR) — Cash Flow Quality Index
First Solar Inc (FSLR) has a Cash Flow Quality Index of -0.62x as of March 2026. Operating cash flow of $-214.87 Million is below net income of $346.62 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore FSLR strategic capital deployment ratio to see how much of total assets are deployed in long-term investments.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
First Solar Inc Cash Flow Quality Index (2006–2025)
Historical Cash Flow Quality Index for First Solar Inc across 14 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check FSLR tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Annual Cash Flow Quality Index for First Solar Inc (2006–2025)
Year-by-year earnings quality comparison for First Solar Inc. For live market cap and the full company financial profile, see FSLR market cap overview.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.35x | $2.06 Billion | $1.53 Billion | ▲ +42.8% |
| 2024 | 0.94x | $1.22 Billion | $1.29 Billion | ▲ +30.0% |
| 2023 | 0.72x | $602.26 Million | $830.78 Million | ▲ +43.0% |
| 2021 | 0.51x | $237.56 Million | $468.69 Million | ▲ +443.9% |
| 2020 | 0.09x | $37.12 Million | $398.36 Million | ▲ +104.1% |
| 2018 | -2.26x | $-326.81 Million | $144.33 Million | ▼ -242.8% |
| 2015 | -0.66x | $-360.92 Million | $546.42 Million | ▼ -138.5% |
| 2014 | 1.72x | $680.99 Million | $396.92 Million | ▼ -29.3% |
| 2013 | 2.43x | $856.13 Million | $353.04 Million | ▲ +128.3% |
| 2010 | 1.06x | $705.49 Million | $664.20 Million | ▲ +0.7% |
| 2009 | 1.05x | $675.19 Million | $640.14 Million | ▼ -20.7% |
| 2008 | 1.33x | $463.07 Million | $348.33 Million | ▲ +2.2% |
| 2007 | 1.30x | $205.95 Million | $158.35 Million | ▲ +997.3% |
| 2006 | -0.14x | $-576.00K | $3.97 Million | — |