Operating Income for First Solar (FSLR)
According to First Solar's latest reported financial statements, the company's current operating income (TTM) is $1.60B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
FSLR
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$1.60B
YoY change
+14.5%
5Y CAGR
+38.1%
Peak year (2025)
$1.60B
Cumulative operating income
$7.57B
Operating Income history chart for First Solar (FSLR) from 2001 to 2025
Operating Income history table for First Solar (FSLR) from 2001 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $1.60B | +14.5% | ||
| 2024 | $1.39B | +62.7% | ||
| 2023 | $857.27M | -3247.5% | ||
| 2022 | -$27.24M | -104.6% | ||
| 2021 | $586.75M | +84.8% | ||
| 2020 | $317.49M | -296.2% | ||
| 2019 | -$161.78M | -503.3% | ||
| 2018 | $40.11M | -77.4% | ||
| 2017 | $177.85M | -131.3% | ||
| 2016 | -$568.15M | -177.8% | ||
| 2015 | $730.16M | +73.0% | ||
| 2014 | $422.00M | +13.9% | ||
| 2013 | $370.41M | -1086.1% | ||
| 2012 | -$37.56M | -45.3% | ||
| 2011 | -$68.66M | -109.2% | ||
| 2010 | $748.90M | +10.2% | ||
| 2009 | $679.62M | +55.0% | ||
| 2008 | $438.34M | +219.5% | ||
| 2007 | $137.18M | +4781.9% | ||
| 2006 | $2.81M | -158.7% | ||
| 2005 | -$4.79M | -71.5% | ||
| 2004 | -$16.78M | -622.8% | ||
| 2003 | $3.21M | -114.5% | ||
| 2002 | -$22.13M | -14.0% | ||
| 2001 | -$25.73M | — |
Operating Income values are taken from First Solar's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, First Solar (FSLR) reported operating income of $1.60B – grew 14.5% year-over-year.
Over 2020–2025 (5 years), First Solar operating income expanded at a +38.1% compound annual rate, sustaining 3 straight years of year-over-year growth.
2025 marks the peak operating income at $1.60B, with the historical low of -$568.15M recorded in 2016.
Within Energy, First Solar (FSLR) ranks 9th among 8 peers we track. The peer median for operating income is $9.44B.
First Solar Operating Income by Year
First Solar Operating Income 2025: $1.60B
First Solar operating income in 2025 was $1.60B, grew 14.5% from 2024. This figure represents the highest annual value in the available history.
First Solar Operating Income 2024: $1.39B
First Solar operating income in 2024 was $1.39B, surged 62.7% from 2023.
First Solar Operating Income 2023: $857.27M
First Solar operating income in 2023 was $857.27M, plunged 3247.5% below 2022.
First Solar Operating Income 2022: -$27.24M
First Solar operating income in 2022 was -$27.24M, plunged 104.6% below 2021.
First Solar Operating Income 2021: $586.75M
First Solar operating income in 2021 was $586.75M.
See more financial history for First Solar (FSLR).
Sector peers — Operating Income
Companies in the same sector as First Solar, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Exxon Mobil Corporation (XOM) | $33.94B | Energy |
| Chevron Corporation (CVX) | $16.67B | Energy |
| ConocoPhillips (COP) | $11.49B | Energy |
| Enbridge Inc. (ENB) | $10.96B | Energy |
| EOG Resources, Inc. (EOG) | $7.93B | Energy |
| SLB N.V. (SLB) | $5.46B | Energy |
| The Williams Companies, Inc. (WMB) | $4.40B | Energy |
| Valero Energy Corporation (VLO) | $4.31B | Energy |
Frequently asked questions
What is First Solar's operating income?
- Latest reported operating income for First Solar (FSLR) is $1.60B (period ending December 31, 2025).
How has First Solar operating income changed year-over-year?
- First Solar (FSLR) operating income changed +14.5% year-over-year on the latest annual filing.
What is the long-term growth rate of First Solar operating income?
- First Solar (FSLR) operating income compound annual growth rate is +38.1% over the most recent 5 years available.
When did First Solar operating income hit its highest annual value?
- First Solar operating income reached its highest annual value of $1.60B in 2025.
What was First Solar operating income in 2024?
- First Solar (FSLR) operating income in 2024 was $1.39B.
What was First Solar operating income in 2025?
- First Solar (FSLR) operating income in 2025 was $1.60B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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