Net Profit Margin
since 2006
Calculation
First Solar Inc., net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net income (loss)1 | ÷ | Net sales1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2023 | 25.03% | = | 100 | × | 830,777) | ÷ | 3,318,602) |
| Dec 31, 2022 | -1.69% | = | 100 | × | (44,166) | ÷ | 2,619,319) |
| Dec 31, 2021 | 16.03% | = | 100 | × | 468,693) | ÷ | 2,923,377) |
| Dec 31, 2020 | 14.69% | = | 100 | × | 398,355) | ÷ | 2,711,332) |
| Dec 31, 2019 | -3.75% | = | 100 | × | (114,933) | ÷ | 3,063,117) |
| Dec 31, 2018 | 6.43% | = | 100 | × | 144,326) | ÷ | 2,244,044) |
| Dec 31, 2017 | -5.63% | = | 100 | × | (165,615) | ÷ | 2,941,324) |
| Dec 31, 2016 | -12.13% | = | 100 | × | (357,964) | ÷ | 2,951,328) |
| Dec 31, 2015 | 15.27% | = | 100 | × | 546,421) | ÷ | 3,578,995) |
| Dec 31, 2014 | 11.70% | = | 100 | × | 396,918) | ÷ | 3,391,814) |
| Dec 31, 2013 | 10.67% | = | 100 | × | 353,038) | ÷ | 3,308,989) |
| Dec 31, 2012 | -2.86% | = | 100 | × | (96,338) | ÷ | 3,368,545) |
| Dec 31, 2011 | -1.43% | = | 100 | × | (39,493) | ÷ | 2,766,207) |
| Dec 31, 2010 | 25.91% | = | 100 | × | 664,201) | ÷ | 2,563,515) |
| Dec 26, 2009 | 30.98% | = | 100 | × | 640,138) | ÷ | 2,066,200) |
| Dec 27, 2008 | 27.95% | = | 100 | × | 348,330) | ÷ | 1,246,301) |
| Dec 29, 2007 | 31.42% | = | 100 | × | 158,354) | ÷ | 503,976) |
| Dec 30, 2006 | 2.94% | = | 100 | × | 3,974) | ÷ | 134,974) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-26), 10-K (reporting date: 2008-12-27), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30).
1 US$ in thousands
The net profit margin exhibits significant volatility over the analyzed period, characterized by cyclical swings between high profitability and periods of net loss. The trajectory is marked by distinct phases of expansion, contraction, and recovery, reflecting a high sensitivity to operational or market fluctuations.
- Initial Growth and Peak Profitability (2006–2010)
- A period of rapid margin expansion is observed, starting from 2.94% in 2006 and ascending to a peak of 31.42% in 2007. Profitability remained robust through 2010, maintaining margins consistently above 25%, which indicates a period of high operational efficiency and strong pricing power.
- First Period of Contraction and Recovery (2011–2015)
- A sharp reversal occurred in 2011, with the margin dropping to -1.43% and further declining to -2.86% in 2012. This downward trend was followed by a steady recovery phase from 2013 to 2015, where the net profit margin climbed from 10.67% to 15.27%.
- Phase of High Instability (2016–2019)
- The period between 2016 and 2019 was marked by extreme instability. A significant decline to -12.13% in 2016 was partially mitigated in 2017 (-5.63%) and briefly returned to positivity in 2018 (6.43%), before dipping again to -3.75% in 2019.
- Recent Performance and Recovery (2020–2023)
- Profitability rebounded strongly in 2020 and 2021, reaching 14.69% and 16.03%, respectively. Despite a brief return to a negative margin of -1.69% in 2022, a substantial recovery is evident in 2023, with the net profit margin increasing to 25.03%, nearly returning to the peak levels seen in the early growth phase.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.
How can I help you?
Comparison to Competitors
First Solar Inc., net profit margin, long-term trends, comparison to competitors
| First Solar Inc. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Intel Corp. | KLA Corp. | Lam Research Corp. | Marvell Technology Inc. | Micron Technology Inc. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 31, 2023 | 25.03% | 3.77% | 26.94% | 25.86% | 39.31% | 3.11% | 32.27% | 25.88% | -2.76% | -37.54% | 16.19% | 20.19% | 37.16% |
| Dec 31, 2022 | -1.69% | 5.59% | 22.88% | 25.31% | 34.62% | 12.71% | 36.06% | 26.73% | -9.44% | 28.24% | 36.23% | 29.27% | 43.68% |
| Dec 31, 2021 | 16.03% | 19.24% | 19.00% | 25.53% | 24.54% | 25.14% | 30.04% | 26.72% | -9.34% | 21.16% | 25.98% | 26.94% | 42.35% |
| Dec 31, 2020 | 14.69% | 25.50% | 21.79% | 21.04% | 12.39% | 26.84% | 20.96% | 22.42% | 58.70% | 12.54% | 25.61% | 22.09% | 38.69% |
| Dec 31, 2019 | -3.75% | 5.07% | 22.75% | 18.52% | 12.05% | 29.25% | 25.73% | 22.70% | -6.25% | 26.97% | 35.34% | 18.07% | 34.88% |
| Dec 31, 2018 | 6.43% | 5.20% | 24.12% | 19.20% | 58.80% | 29.72% | 19.87% | 21.49% | 21.62% | 46.51% | 31.37% | -21.40% | 35.35% |
| Dec 31, 2017 | -5.63% | 0.81% | 14.24% | 23.62% | 9.59% | 15.30% | 26.61% | 21.19% | 0.91% | 25.04% | 24.11% | 11.06% | 24.61% |
| Dec 31, 2016 | -12.13% | -11.63% | 25.18% | 15.90% | -13.13% | 17.37% | 23.60% | 15.53% | -29.77% | -2.23% | 12.26% | 24.22% | 26.89% |
| Dec 31, 2015 | 15.27% | -16.54% | 20.29% | 14.26% | 19.99% | 20.63% | 13.01% | 12.47% | 11.74% | 17.90% | 13.47% | 20.85% | 22.97% |
| Dec 31, 2014 | 11.70% | -7.32% | 21.97% | 11.82% | 6.16% | 20.95% | 19.89% | 13.72% | 9.26% | 18.61% | 10.65% | 30.08% | 21.63% |
| Dec 31, 2013 | 10.67% | -1.57% | 25.57% | 3.41% | 21.90% | 18.25% | 19.11% | 3.16% | 9.68% | 13.12% | 13.14% | 27.56% | 17.71% |
| Dec 31, 2012 | -2.86% | -21.82% | 24.11% | 1.25% | 23.82% | 20.63% | 23.83% | 6.33% | 18.13% | -12.53% | 14.53% | 31.95% | 13.72% |
| Dec 31, 2011 | -1.43% | 7.48% | 28.98% | 18.31% | 23.63% | 23.97% | 25.02% | 22.35% | 25.03% | 1.90% | 7.14% | 28.48% | 16.28% |
| Dec 31, 2010 | 25.91% | 7.25% | 25.79% | 9.82% | 19.83% | 26.28% | 11.66% | 16.25% | 12.59% | 21.81% | -2.04% | 29.54% | 23.11% |
| Dec 26, 2009 | 30.98% | 5.63% | 12.30% | -6.09% | -2.96% | 12.44% | -34.43% | -27.08% | 4.99% | -38.21% | -0.88% | 15.28% | 14.10% |
| Dec 27, 2008 | 27.95% | -53.34% | 30.44% | 11.82% | — | 14.08% | 14.24% | 17.75% | -3.95% | -27.72% | 19.46% | 28.36% | 15.36% |
| Dec 29, 2007 | 31.42% | -56.19% | 19.52% | 17.57% | — | 18.20% | 19.34% | 26.72% | -0.54% | -5.63% | 14.63% | 37.23% | 19.20% |
| Dec 30, 2006 | 2.94% | -2.94% | 21.35% | 16.54% | — | 14.26% | 18.37% | 20.45% | 19.84% | 7.74% | 12.74% | 32.82% | 30.45% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-26), 10-K (reporting date: 2008-12-27), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30).
Comparison to Sector (Semiconductors & Semiconductor Equipment)
First Solar Inc., net profit margin, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| First Solar Inc. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Dec 31, 2023 | 25.03% | 16.64% |
| Dec 31, 2022 | -1.69% | 25.04% |
| Dec 31, 2021 | 16.03% | 25.45% |
| Dec 31, 2020 | 14.69% | 23.53% |
| Dec 31, 2019 | -3.75% | 24.08% |
| Dec 31, 2018 | 6.43% | 27.58% |
| Dec 31, 2017 | -5.63% | 16.90% |
| Dec 31, 2016 | -12.13% | 13.44% |
| Dec 31, 2015 | 15.27% | 18.27% |
| Dec 31, 2014 | 11.70% | 19.57% |
| Dec 31, 2013 | 10.67% | 17.41% |
| Dec 31, 2012 | -2.86% | 15.96% |
| Dec 31, 2011 | -1.43% | 20.49% |
| Dec 31, 2010 | 25.91% | 21.44% |
| Dec 26, 2009 | 30.98% | 6.08% |
| Dec 27, 2008 | 27.95% | 9.29% |
| Dec 29, 2007 | 31.42% | 13.69% |
| Dec 30, 2006 | 2.94% | 17.71% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-26), 10-K (reporting date: 2008-12-27), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30).
Comparison to Industry (Information Technology)
First Solar Inc., net profit margin, long-term trends, comparison to industry (information technology)
| First Solar Inc. | Information Technology | |
|---|---|---|
| Dec 31, 2023 | 25.03% | 20.24% |
| Dec 31, 2022 | -1.69% | 22.27% |
| Dec 31, 2021 | 16.03% | 23.48% |
| Dec 31, 2020 | 14.69% | 19.76% |
| Dec 31, 2019 | -3.75% | 19.73% |
| Dec 31, 2018 | 6.43% | 18.59% |
| Dec 31, 2017 | -5.63% | 17.77% |
| Dec 31, 2016 | -12.13% | 17.58% |
| Dec 31, 2015 | 15.27% | 18.32% |
| Dec 31, 2014 | 11.70% | 19.33% |
| Dec 31, 2013 | 10.67% | 20.15% |
| Dec 31, 2012 | -2.86% | 20.07% |
| Dec 31, 2011 | -1.43% | 20.71% |
| Dec 31, 2010 | 25.91% | 20.19% |
| Dec 26, 2009 | 30.98% | 14.45% |
| Dec 27, 2008 | 27.95% | 15.07% |
| Dec 29, 2007 | 31.42% | 15.71% |
| Dec 30, 2006 | 2.94% | 16.26% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-26), 10-K (reporting date: 2008-12-27), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30).