First Solar Inc (FSLR)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019
Gross profit (ttm)	US$ in thousands	1,861,008	1,669,522	1,534,631	1,300,679	859,259	504,066	170,446	69,858	255,734	359,332	556,650	729,954	643,325	811,760	775,102	680,673	854,368	699,716	639,438	549,212
Revenue (ttm)	US$ in thousands	4,354,356	3,641,416	3,564,421	3,318,599	3,162,439	2,990,282	2,800,564	2,619,318	2,524,247	2,478,818	2,487,043	2,923,377	2,625,290	2,969,351	2,982,582	2,711,332	3,501,480	3,120,721	3,063,266	3,063,120
Gross profit margin		42.74%	45.85%	43.05%	39.19%	27.17%	16.86%	6.09%	2.67%	10.13%	14.50%	22.38%	24.97%	24.50%	27.34%	25.99%	25.10%	24.40%	22.42%	20.87%	17.93%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,861,008K ÷ $4,354,356K
= 42.74%

First Solar Inc's gross profit margin has shown varied performance over the analyzed periods. It started at 17.93% on December 31, 2019, and experienced a gradual increase reaching a peak of 45.85% on September 30, 2024, demonstrating a strong upward trend. However, there was a decline in the margin on December 31, 2024, where it dropped to 42.74%. This indicates fluctuations in the company's ability to generate profit from its sales after deducting the cost of goods sold.

The fluctuations in the gross profit margin may be indicative of changes in pricing strategies, production costs, or competition within the industry. A higher gross profit margin suggests that the company is effectively controlling its production costs relative to its sales revenue, while a lower margin may indicate potential challenges in maintaining profitability.

Overall, it is important for stakeholders to closely monitor First Solar Inc's gross profit margin trends to assess the company's operational efficiency, pricing strategies, and competitiveness in the market.