Stock Analysis on Net
Stock Analysis on Net

First Solar Inc. (NASDAQ:FSLR)

$22.49

This company has been moved to the archive! The financial data has not been updated since October 29, 2024.

Operating Profit Margin
since 2006

Microsoft Excel

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Calculation

First Solar Inc., operating profit margin, long-term trends, calculation

Microsoft Excel
Operating profit margin = 100 × Operating income (loss)1 ÷ Net sales1
Dec 31, 2023 = 100 × ÷
Dec 31, 2022 = 100 × ÷
Dec 31, 2021 = 100 × ÷
Dec 31, 2020 = 100 × ÷
Dec 31, 2019 = 100 × ÷
Dec 31, 2018 = 100 × ÷
Dec 31, 2017 = 100 × ÷
Dec 31, 2016 = 100 × ÷
Dec 31, 2015 = 100 × ÷
Dec 31, 2014 = 100 × ÷
Dec 31, 2013 = 100 × ÷
Dec 31, 2012 = 100 × ÷
Dec 31, 2011 = 100 × ÷
Dec 31, 2010 = 100 × ÷
Dec 26, 2009 = 100 × ÷
Dec 27, 2008 = 100 × ÷
Dec 29, 2007 = 100 × ÷
Dec 30, 2006 = 100 × ÷

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

Operating Income (Loss)
The operating income demonstrates significant volatility across the years analyzed. Starting from a modest positive value in 2006, there is a marked increase until 2010, reaching a peak above 700 million USD. However, the period from 2011 to 2012 experiences sharp declines, with losses recorded in both years. From 2013 onwards, operating income recovers, showing fluctuations but generally positive results, culminating in a strong rebound in 2023 with an operating income of approximately 857 million USD.
Net Sales
Net sales exhibit an overall upward trend from 2006 through 2010, increasing significantly from around 135 million USD to over 2.5 billion USD. Growth continues, albeit at a slower pace, with sales peaking in 2014 near 3.4 billion USD. However, the data shows some periods of decline and fluctuation after 2014, with noticeable dips in 2016 and 2018. Despite these fluctuations, net sales rise again by the end of the period, reaching over 3.3 billion USD in 2023, suggesting resilience in revenue generation.
Operating Profit Margin
The operating profit margin follows a pattern consistent with operating income results. It improves substantially from a low base in 2006, reaching a high above 35% in 2008, before gradually declining but remaining robust until 2010. The margin turns negative in 2011 and 2012, reflecting the operating losses during those years. Recovery starts in 2013, with positive margins fluctuating between 1.79% and 20.07% over subsequent years. The margin is negative again slightly in 2022 but rebounds strongly to 25.83% by 2023.
Overall Summary
The financial data shows a company experiencing rapid growth in net sales and profitability until 2010, followed by a period of financial difficulty marked by operating losses and negative profit margins in 2011 and 2012. Post-2012, the company demonstrates recovery with fluctuating but mostly positive operating income and margins, indicating ongoing operational challenges but an ability to regain profitability. The strong performance in the most recent year suggests improved operational efficiency or favorable market conditions.

Comparison to Competitors

First Solar Inc., operating profit margin, long-term trends, comparison to competitors

Microsoft Excel
First Solar Inc. Advanced Micro Devices Inc. Analog Devices Inc. Applied Materials Inc. Broadcom Inc. Intel Corp. Lam Research Corp. Micron Technology Inc. NVIDIA Corp. Qualcomm Inc. Texas Instruments Inc.
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Dec 31, 2015
Dec 31, 2014
Dec 31, 2013
Dec 31, 2012
Dec 31, 2011
Dec 31, 2010
Dec 26, 2009
Dec 27, 2008
Dec 29, 2007
Dec 30, 2006

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).