First Solar Inc (FSLR)

Net profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	1,292,040	830,777	-44,166	468,693	398,355
Revenue	US$ in thousands	4,206,290	3,318,600	2,619,320	2,923,380	2,711,330
Net profit margin		30.72%	25.03%	-1.69%	16.03%	14.69%

December 31, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $1,292,040K ÷ $4,206,290K
= 30.72%

Based on the provided data, the net profit margin of First Solar Inc has shown fluctuations over the years. In 2020, the net profit margin was 14.69%, which increased to 16.03% by the end of 2021. However, there was a significant decline in the net profit margin to -1.69% by December 31, 2022, indicating a period of loss for the company.

The company managed to recover from the losses swiftly, as evidenced by the substantial increase in the net profit margin to 25.03% by the end of 2023. This positive momentum continued into 2024, with the net profit margin reaching 30.72%, representing a significant improvement in profitability.

Overall, the trend in the net profit margin of First Solar Inc shows variability, with periods of both improvement and decline. It is important for the company to closely monitor its profit margins to ensure sustainable and consistent profitability in the future.