First Solar Inc (FSLR)

Operating 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
Operating income (ttm)	US$ in thousands	1,419,693	1,235,889	1,082,405	857,266	413,576	72,258	48,570	-27,236	191,829	311,049	276,599	586,751	471,366	627,662	568,181	317,489	141,849	-24,010	-83,490	-161,785
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
Operating profit margin		32.60%	33.94%	30.37%	25.83%	13.08%	2.42%	1.73%	-1.04%	7.60%	12.55%	11.12%	20.07%	17.95%	21.14%	19.05%	11.71%	4.05%	-0.77%	-2.73%	-5.28%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,419,693K ÷ $4,354,356K
= 32.60%

First Solar Inc's operating profit margin has shown significant fluctuations over the provided time period. The margin was negative in late 2019 and gradually improved to reach positive territory by September 2020. From December 2020 to June 2021, there was a notable uptrend, with the margin peaking at 21.14% in June 2021.

Subsequently, the margin experienced some variability but generally remained at healthy levels until December 2022 when it dipped back into negative territory briefly. However, there was a remarkable recovery in the following periods, surpassing 30% by March 2024 and maintaining strong levels above 30% until December 2024.

Overall, First Solar Inc's operating profit margin has demonstrated resilience and improvement over time, with a particularly notable uptrend from mid-2021 onwards, indicating effective cost management and revenue generation strategies.