First Solar Inc (FSLR)

Net 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
Net income (ttm)	US$ in thousands	1,291,927	1,167,209	1,024,832	830,777	473,990	156,424	41,650	-44,166	94,752	189,123	215,767	468,693	453,026	562,860	517,322	398,355	223,244	98,829	43,370	-114,933
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
Net profit margin		29.67%	32.05%	28.75%	25.03%	14.99%	5.23%	1.49%	-1.69%	3.75%	7.63%	8.68%	16.03%	17.26%	18.96%	17.34%	14.69%	6.38%	3.17%	1.42%	-3.75%

December 31, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,291,927K ÷ $4,354,356K
= 29.67%

First Solar Inc's net profit margin has shown fluctuations over the past few years. The net profit margin indicates the percentage of revenue that translates into profit after all expenses are deducted.

From December 2019 to December 2020, there was a significant improvement in the net profit margin, moving from -3.75% to 14.69%. This upward trend continued into the first half of 2021, peaking at 18.96% in June 2021.

However, in the subsequent quarters, the net profit margin started to decrease, reaching a low of 1.49% in March 2023. The margin then recovered and showed substantial growth, hitting a peak of 32.05% in September 2024 before slightly declining to 29.67% by December 2024.

Overall, the net profit margin for First Solar Inc has shown resilience, experiencing both highs and lows over the analyzed period. It is essential for the company to maintain a healthy balance between revenue generation and cost management to sustain profitability in the long run.