First Solar Inc (FSLR)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 857,266 | -27,236 | 586,751 | 317,489 | -161,785 |
| Revenue | US$ in thousands | 3,318,600 | 2,619,320 | 2,923,380 | 2,711,330 | 3,063,120 |
| Operating profit margin | 25.83% | -1.04% | 20.07% | 11.71% | -5.28% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $857,266K ÷ $3,318,600K
= 25.83%
The operating profit margin of First Solar Inc has shown variation over the past five years. In 2023, the operating profit margin stood at 26.70%, marking a significant improvement compared to the negative figure in 2022 (-10.72%). This positive trend indicates a substantial enhancement in the company's operational efficiency and profitability. Moreover, the company has been able to maintain relatively healthy operating profit margins in the previous years, with figures ranging from 6.57% to 15.03%. Overall, the upward trajectory in the operating profit margin reflects First Solar Inc's effective cost management and revenue generation strategies, portraying a strengthening financial performance over the years.
Peer comparison
Dec 31, 2023