Firstsun Capital Financials
Firstsun Capital (FSUN) reported $467.8M in revenue for fiscal year 2025, up 1.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Profitability is being rebuilt through lower leverage and cash-like earnings, not by stretching the balance sheet harder.
By FY2025, debt-to-equity had eased to 6.4x from 8.0x in FY2023, showing that recent asset growth is being carried by a thicker equity layer. With return on assets recovering to1.2% in FY2025 from0.9% in FY2024, the balance sheet is becoming both less stretched and more productive.
In FY2025, operating cash flow of
FY2025 earnings improved even though revenue only edged up to
Financial Health Signals
Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Firstsun Capital's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for Firstsun Capital, and counted as zero in the overall score.
Firstsun Capital passes 4 of 6 computable financial strength tests (3 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Firstsun Capital generates $1.14 in operating cash flow ($111.5M OCF vs $97.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Firstsun Capital generated $467.8M in revenue in fiscal year 2025. This represents an increase of 1.8% from the prior year.
Firstsun Capital reported $97.9M in net income in fiscal year 2025. This represents an increase of 29.5% from the prior year.
Firstsun Capital earned $3.47 per diluted share (EPS) in fiscal year 2025. This represents an increase of 29.0% from the prior year.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Firstsun Capital generated $104.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 8.6% from the prior year.
Firstsun Capital held $652.6M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
Firstsun Capital's net profit margin was 20.9% in fiscal year 2025, showing the share of revenue converted to profit. This is up 4.5 percentage points from the prior year.
Firstsun Capital's ROE was 8.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.2 percentage points from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
Firstsun Capital invested $7.5M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 38.7% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
FSUN Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $586.5M | $467.8M+1.8% | $459.5M+11.1% | $413.7M+55.0% | $266.8M+57.5% | $169.4M+8.0% | $156.8M+0.6% | $155.8M |
| SG&A Expenses | $204.4M | $171.8M+10.9% | $155.0M+16.3% | $133.2M-0.8% | $134.4M-11.6% | $151.9M+8.5% | $140.0M+33.7% | $104.7M |
| Interest Expense | $196.2M | $150.4M-7.5% | $162.6M+35.2% | $120.3M+377.5% | $25.2M+78.4% | $14.1M-32.4% | $20.9M-27.0% | $28.6M |
| Income Tax | $11.9M | $25.0M+28.1% | $19.5M-30.3% | $27.9M+88.3% | $14.8M+71.0% | $8.7M-9.4% | $9.6M+567.1% | $1.4M |
| Net Income | $46.7M | $97.9M+29.5% | $75.6M-27.0% | $103.5M+74.9% | $59.2M+37.1% | $43.2M-9.3% | $47.6M+132.1% | $20.5M |
| EPS (Diluted) | — | $3.47+29.0% | $2.69-34.1% | $4.08+64.5% | $2.48+7.8% | $2.30-10.9% | $2.58+150.5% | $1.03 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
FSUN Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| Total Assets | $8.5B+4.8% | $8.1B+2.8% | $7.9B+6.0% | $7.4B+31.1% | $5.7B+13.4% | $5.0B+19.4% | $4.2B |
| Cash & Equivalents | $652.6M+6.0% | $615.9M+28.5% | $479.4M+39.5% | $343.5M-48.6% | $668.5M+231.0% | $202.0M+39.7% | $144.5M |
| Goodwill | $93.5M0.0% | $93.5M0.0% | $93.5M0.0% | $93.5M+182.9% | $33.0M0.0% | $33.0M | N/A |
| Total Liabilities | $7.3B+3.9% | $7.1B+0.8% | $7.0B+5.2% | $6.7B+29.4% | $5.1B+14.0% | $4.5B+20.1% | $3.8B |
| Total Equity | $1.2B+10.8% | $1.0B+18.7% | $877.2M+13.3% | $774.5M+47.8% | $524.0M+7.9% | $485.8M+12.9% | $430.2M |
| Retained Earnings | $631.1M+18.4% | $533.1M+16.5% | $457.5M+27.9% | $357.8M+19.8% | $298.6M+16.9% | $255.5M | N/A |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Long-Term Debt.
FSUN Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.2B | $111.5M+10.2% | $101.1M-19.2% | $125.2M+29.2% | $96.9M-14.3% | $113.1M+20778.1% | -$547K-114.0% | $3.9M |
| Capital Expenditures | $5.2M | $7.5M+38.7% | $5.4M+26.8% | $4.3M+94.4% | $2.2M-36.4% | $3.5M-43.9% | $6.2M-10.9% | $6.9M |
| Free Cash Flow | $1.2B | $104.0M+8.6% | $95.7M-20.8% | $120.9M+27.6% | $94.7M-13.6% | $109.7M+1736.1% | -$6.7M-122.6% | -$3.0M |
| Investing Cash Flow | $3.0B | -$330.2M-308.3% | -$80.9M+75.3% | -$327.3M+39.2% | -$538.1M-83.1% | -$293.9M+55.7% | -$662.9M-205.3% | -$217.1M |
| Financing Cash Flow | -$3.9B | $255.4M+119.6% | $116.3M-65.6% | $337.9M+190.7% | $116.3M-82.0% | $647.3M-10.2% | $720.9M+180.3% | $257.2M |
| Dividends Paid | N/A | $7.6M | $0-100.0% | $26.0M+225.0% | $8.0M | $0 | $0-100.0% | $32.0M |
| Share Buybacks | N/A | N/A | N/A | N/A | $0 | $0-100.0% | $1.6M-95.7% | $36.7M |
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
FSUN Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| Net Margin | 20.9%+4.5pp | 16.5%-8.6pp | 25.0%+2.9pp | 22.2%-3.3pp | 25.5%-4.8pp | 30.3%+17.2pp | 13.2% |
| Return on Equity | 8.5%+1.2pp | 7.3%-4.5pp | 11.8%+4.2pp | 7.6%-0.6pp | 8.2%-1.6pp | 9.8%+5.0pp | 4.8% |
| Return on Assets | 1.1%+0.2pp | 0.9%-0.4pp | 1.3%+0.5pp | 0.8%0.0pp | 0.8%-0.2pp | 0.9%+0.5pp | 0.5% |
| Debt-to-Equity | 6.36-0.4x | 6.78-1.2x | 7.98-0.6x | 8.59-1.2x | 9.81+0.5x | 9.28+0.6x | 8.73 |
| FCF Margin | 22.2%+1.4pp | 20.8%-8.4pp | 29.2%-6.3pp | 35.5%-29.3pp | 64.8%+69.0pp | -4.3%-2.3pp | -1.9% |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.
Similar Companies
Where Firstsun Capital Ranks
Frequently Asked Questions
What is Firstsun Capital's annual revenue?
Firstsun Capital (FSUN) reported $467.8M in total revenue for fiscal year 2025. This represents a 1.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Firstsun Capital's revenue growing?
Firstsun Capital (FSUN) revenue grew by 1.8% year-over-year, from $459.5M to $467.8M in fiscal year 2025.
Is Firstsun Capital profitable?
Yes, Firstsun Capital (FSUN) reported a net income of $97.9M in fiscal year 2025, with a net profit margin of 20.9%.
What is Firstsun Capital's net profit margin?
Firstsun Capital (FSUN) had a net profit margin of 20.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Firstsun Capital's return on equity (ROE)?
Firstsun Capital (FSUN) has a return on equity of 8.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Firstsun Capital's free cash flow?
Firstsun Capital (FSUN) generated $104.0M in free cash flow during fiscal year 2025. This represents a 8.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Firstsun Capital's operating cash flow?
Firstsun Capital (FSUN) generated $111.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Firstsun Capital's total assets?
Firstsun Capital (FSUN) had $8.5B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Firstsun Capital's capital expenditures?
Firstsun Capital (FSUN) invested $7.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Firstsun Capital's debt-to-equity ratio?
Firstsun Capital (FSUN) had a debt-to-equity ratio of 6.36 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Firstsun Capital's return on assets (ROA)?
Firstsun Capital (FSUN) had a return on assets of 1.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Firstsun Capital's Piotroski F-Score?
Firstsun Capital (FSUN) has a Piotroski F-Score of 4 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Firstsun Capital's earnings high quality?
Firstsun Capital (FSUN) has an earnings quality ratio of 1.14x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Firstsun Capital?
Firstsun Capital (FSUN) scores 45 out of 100 on our Financial Health Score, indicating moderate standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.