First Solar Inc (FSLR)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 830,777 | -44,166 | 468,693 | 398,355 | -114,933 |
| Revenue | US$ in thousands | 3,318,600 | 2,619,320 | 2,923,380 | 2,711,330 | 3,063,120 |
| Net profit margin | 25.03% | -1.69% | 16.03% | 14.69% | -3.75% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $830,777K ÷ $3,318,600K
= 25.03%
The net profit margin of First Solar Inc has shown fluctuating trends over the past five years. In 2023, the net profit margin was 25.03%, indicating that the company retained approximately 25.03% of its total revenue as net profit after covering all expenses. This represents a significant improvement compared to the negative margin of -1.69% in 2022, implying that the company had incurred losses relative to its revenue in the prior year.
In 2021, the net profit margin was 16.03%, reflecting a healthy profitability level, which decreased slightly compared to the margin of 14.69% in 2020. Despite the positive margins in 2021 and 2020, these figures were lower than the peak net profit margin of 25.03% achieved in 2023.
A notable downturn was observed in 2019, where the net profit margin was -3.75%, indicating that the company experienced a loss relative to its revenue during that period. Overall, the analysis of the net profit margin suggests that First Solar Inc has experienced varying levels of profitability in recent years, with a substantial improvement in 2023 compared to the previous years.
Peer comparison
Dec 31, 2023