Operating Profit Margin
since 2006
Calculation
First Solar Inc., operating profit margin, long-term trends, calculation
| Operating profit margin | = | 100 | × | Operating income (loss)1 | ÷ | Net sales1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2023 | 25.83% | = | 100 | × | 857,266) | ÷ | 3,318,602) |
| Dec 31, 2022 | -1.04% | = | 100 | × | (27,236) | ÷ | 2,619,319) |
| Dec 31, 2021 | 20.07% | = | 100 | × | 586,751) | ÷ | 2,923,377) |
| Dec 31, 2020 | 11.71% | = | 100 | × | 317,489) | ÷ | 2,711,332) |
| Dec 31, 2019 | -5.28% | = | 100 | × | (161,785) | ÷ | 3,063,117) |
| Dec 31, 2018 | 1.79% | = | 100 | × | 40,113) | ÷ | 2,244,044) |
| Dec 31, 2017 | 6.05% | = | 100 | × | 177,851) | ÷ | 2,941,324) |
| Dec 31, 2016 | -17.03% | = | 100 | × | (502,590) | ÷ | 2,951,328) |
| Dec 31, 2015 | 14.44% | = | 100 | × | 516,664) | ÷ | 3,578,995) |
| Dec 31, 2014 | 12.51% | = | 100 | × | 424,163) | ÷ | 3,391,814) |
| Dec 31, 2013 | 11.14% | = | 100 | × | 368,529) | ÷ | 3,308,989) |
| Dec 31, 2012 | -1.12% | = | 100 | × | (37,563) | ÷ | 3,368,545) |
| Dec 31, 2011 | -2.48% | = | 100 | × | (68,664) | ÷ | 2,766,207) |
| Dec 31, 2010 | 29.21% | = | 100 | × | 748,903) | ÷ | 2,563,515) |
| Dec 26, 2009 | 32.89% | = | 100 | × | 679,615) | ÷ | 2,066,200) |
| Dec 27, 2008 | 35.17% | = | 100 | × | 438,339) | ÷ | 1,246,301) |
| Dec 29, 2007 | 27.22% | = | 100 | × | 137,181) | ÷ | 503,976) |
| Dec 30, 2006 | 2.08% | = | 100 | × | 2,810) | ÷ | 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 operating profit margin exhibits significant volatility over the analyzed period, characterized by alternating cycles of expansion, contraction, and intermittent periods of negative profitability. The overall trend indicates a cyclical pattern of margin compression followed by sharp recoveries.
- Initial Growth Phase (2006–2010)
- A period of rapid margin expansion is observed between 2006 and 2008, where the operating profit margin climbed from 2.08% to a peak of 35.17%. Profitability remained elevated through 2010, maintaining a margin above 29% during this window.
- Mid-Term Instability (2011–2019)
- Beginning in 2011, a phase of heightened instability occurred. The margin turned negative in 2011 (-2.48%) and 2012 (-1.12%) before recovering to a range between 11.14% and 14.44% from 2013 to 2015. A severe contraction followed in 2016, reaching a historical low of -17.03%. Subsequent years showed erratic movement, including a return to positive territory in 2017 and 2018, followed by another decline to -5.28% in 2019.
- Recent Recovery and Fluctuation (2020–2023)
- A renewed upward trend is evident starting in 2020, with margins increasing to 11.71% and peaking at 20.07% in 2021. Following a brief dip to -1.04% in 2022, a significant recovery was recorded in 2023, with the operating profit margin rising to 25.83%, marking a return to levels seen during the early growth phase.
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Comparison to Competitors
First Solar Inc., operating 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. | Lam Research Corp. | Marvell Technology Inc. | Micron Technology Inc. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 31, 2023 | 25.83% | 1.77% | 31.07% | 28.86% | 45.25% | 0.17% | 29.69% | 4.02% | -36.97% | 15.66% | 21.74% | 41.85% |
| Dec 31, 2022 | -1.04% | 5.36% | 27.29% | 30.20% | 42.84% | 3.70% | 31.24% | -7.79% | 31.54% | 37.31% | 35.88% | 50.63% |
| Dec 31, 2021 | 20.07% | 22.20% | 23.12% | 29.87% | 31.03% | 24.62% | 30.64% | -8.70% | 22.68% | 27.18% | 29.16% | 48.84% |
| Dec 31, 2020 | 11.71% | 14.02% | 26.74% | 25.37% | 16.80% | 30.41% | 26.62% | -9.02% | 14.01% | 26.07% | 26.58% | 40.76% |
| Dec 31, 2019 | -5.28% | 9.37% | 28.55% | 22.93% | 15.24% | 30.62% | 25.53% | 1.51% | 31.51% | 32.47% | 31.59% | 39.79% |
| Dec 31, 2018 | 1.79% | 6.97% | 30.35% | 27.80% | 24.63% | 32.91% | 29.01% | 17.84% | 49.34% | 33.05% | 3.26% | 42.53% |
| Dec 31, 2017 | 6.05% | 3.83% | 20.66% | 26.61% | 13.51% | 28.58% | 23.74% | 4.31% | 28.88% | 27.99% | 11.73% | 40.66% |
| Dec 31, 2016 | -17.03% | -8.71% | 30.05% | 19.88% | -3.09% | 21.68% | 18.25% | -29.96% | 1.35% | 14.91% | 27.57% | 35.89% |
| Dec 31, 2015 | 14.44% | -12.05% | 24.19% | 17.53% | 23.92% | 25.29% | 14.98% | 11.03% | 18.52% | 16.21% | 22.85% | 32.88% |
| Dec 31, 2014 | 12.51% | -2.82% | 26.27% | 16.75% | 10.26% | 27.47% | 14.71% | 8.24% | 18.87% | 12.01% | 28.50% | 30.26% |
| Dec 31, 2013 | 11.14% | 1.94% | 28.59% | 5.75% | 21.90% | 23.32% | 3.28% | 9.30% | 2.60% | 15.15% | 29.08% | 23.20% |
| Dec 31, 2012 | -1.12% | -19.48% | 30.51% | 4.71% | 24.62% | 27.44% | 8.92% | 17.81% | -7.51% | 16.22% | 29.72% | 15.38% |
| Dec 31, 2011 | -2.48% | 5.60% | 35.81% | 22.80% | 25.00% | 32.37% | 24.84% | 24.95% | 8.59% | 7.22% | 33.60% | 21.78% |
| Dec 31, 2010 | 29.21% | 13.06% | 32.59% | 14.49% | 22.26% | 35.73% | 19.94% | 11.90% | 18.73% | -2.97% | 29.87% | 32.32% |
| Dec 26, 2009 | 32.89% | 12.29% | 14.14% | -7.85% | 3.23% | 16.26% | -25.20% | 5.60% | -34.87% | -2.06% | 21.37% | 19.09% |
| Dec 27, 2008 | 35.17% | -33.66% | 24.20% | 16.67% | — | 23.82% | 20.58% | -3.65% | -27.31% | 20.41% | 33.48% | 19.49% |
| Dec 29, 2007 | 27.22% | -47.65% | 22.24% | 24.36% | — | 21.43% | 30.34% | 0.05% | -4.92% | 14.78% | 32.50% | 25.28% |
| Dec 30, 2006 | 2.08% | -0.83% | 21.44% | 22.04% | — | 15.97% | 24.74% | 21.54% | 6.64% | 14.32% | 35.74% | 23.62% |
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).