First Solar Inc (FSLR) — Free Cash Flow Generation Index
First Solar Inc (FSLR) has a Free Cash Flow Generation Index of 0.86x as of December 2025. Free cash flow of $1.07 Billion represents 1% of operating cash flow ($1.24 Billion). Explore First Solar Inc capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
First Solar Inc Free Cash Flow Generation Index (2005–2025)
Historical FCF Generation Index trend for First Solar Inc across 17 annual periods. For the full cash flow conversion analysis, see First Solar Inc cash conversion from operations.
Annual Free Cash Flow Generation for First Solar Inc (2005–2025)
Year-by-year Free Cash Flow Generation Index for First Solar Inc. Check FSLR total capital reinvestment ratio to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.58x | $1.19 Billion | $2.06 Billion | $869.88 Million | ▲ +328.2% |
| 2024 | -0.25x | $-308.08 Million | $1.22 Billion | $1.53 Billion | ▲ +80.6% |
| 2023 | -1.30x | $-784.51 Million | $602.26 Million | $1.39 Billion | ▼ -3662.6% |
| 2022 | -0.03x | $-30.24 Million | $873.37 Million | $903.61 Million | ▲ +97.3% |
| 2021 | -1.27x | $-302.73 Million | $237.56 Million | $540.29 Million | ▲ +87.5% |
| 2020 | -10.22x | $-379.51 Million | $37.12 Million | $416.63 Million | ▼ -260.2% |
| 2019 | -2.84x | $-494.52 Million | $174.20 Million | $668.72 Million | ▼ -560.6% |
| 2017 | 0.62x | $826.32 Million | $1.34 Billion | $514.36 Million | ▲ +661.4% |
| 2016 | -0.11x | $-22.70 Million | $206.75 Million | $229.45 Million | ▼ -117.7% |
| 2014 | 0.62x | $423.44 Million | $680.99 Million | $257.55 Million | ▼ -7.2% |
| 2013 | 0.67x | $573.55 Million | $856.13 Million | $282.58 Million | ▲ +33.3% |
| 2012 | 0.50x | $382.98 Million | $762.21 Million | $379.23 Million | ▲ +204.1% |
| 2010 | 0.17x | $116.58 Million | $705.49 Million | $588.91 Million | ▼ -71.8% |
| 2009 | 0.59x | $395.25 Million | $675.19 Million | $279.94 Million | ▲ +7041.1% |
| 2008 | 0.01x | $3.80 Million | $463.07 Million | $459.27 Million | ▲ +104.6% |
| 2007 | -0.18x | $-36.42 Million | $205.95 Million | $242.37 Million | ▲ +97.6% |
| 2005 | -7.43x | $-37.44 Million | $5.04 Million | $42.48 Million | — |