First Solar Inc (FSLR)

Pretax 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
Earnings before tax but after interest (EBT) (ttm) US$ in thousands 1,405,888 1,250,007 1,111,136 891,290 508,037 155,892 107,025 8,598 182,336 290,056 253,247 572,162 454,299 601,403 545,733 291,061 151,485 3,998 -49,931 -120,413
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
Pretax margin 32.29% 34.33% 31.17% 26.86% 16.06% 5.21% 3.82% 0.33% 7.22% 11.70% 10.18% 19.57% 17.30% 20.25% 18.30% 10.73% 4.33% 0.13% -1.63% -3.93%

December 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,405,888K ÷ $4,354,356K
= 32.29%

First Solar Inc's pretax margin has shown fluctuations over the given period. From December 2019 to March 2020, the company faced negative pretax margins, indicating a loss before taxes. However, this trend reversed in subsequent quarters, with the pretax margins improving progressively. Notably, by December 2024, the pretax margin reached its peak at 32.29%, reflecting the company's ability to generate higher profits before tax expenses. The trend suggests that First Solar Inc has been able to effectively manage costs and increase profitability over time, although some fluctuations were observed in certain quarters.