First Solar annual operating margin
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2024
2025
First Solar Operating Margin Growth & History (FSLR)
First Solar's operating margin was 30.59% for fiscal 2025.
View full First Solar company overviewFirst Solar annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 30.59% | −2.56 pp |
| 2024 | 2024-12-31 | 33.15% | +7.32 pp |
| 2023 | 2023-12-31 | 25.83% | +26.87 pp |
| 2022 | 2022-12-31 | −1.04% | −21.11 pp |
| 2021 | 2021-12-31 | 20.07% | +8.36 pp |
| 2020 | 2020-12-31 | 11.71% | +16.99 pp |
| 2019 | 2019-12-31 | −5.28% | −7.07 pp |
| 2018 | 2018-12-31 | 1.79% | −4.26 pp |
| 2017 | 2017-12-31 | 6.05% | +25.61 pp |
| 2016 | 2016-12-31 | −19.56% | −37.31 pp |
| 2015 | 2015-12-31 | 17.75% | +5.31 pp |
| 2014 | 2014-12-31 | 12.44% | +1.25 pp |
| 2013 | 2013-12-31 | 11.19% | +12.31 pp |
| 2012 | 2012-12-31 | −1.12% | +1.37 pp |
| 2011 | 2011-12-31 | −2.48% | −31.70 pp |
| 2010 | 2010-12-31 | 29.21% | −3.68 pp |
| 2009 | 2009-12-26 | 32.89% | −2.28 pp |
| 2008 | 2008-12-27 | 35.17% | — |
First Solar quarterly operating margin
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Q1.25
Q2.25
Q3.25
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 42.64% | +9.68 pp |
| Q1 2026 | 2026-03-31 | 33.07% | +6.87 pp |
| Q4 2025 | 2025-12-31 | 32.56% | +2.39 pp |
| Q3 2025 | 2025-09-30 | 29.22% | −7.05 pp |
| Q2 2025 | 2025-06-30 | 32.96% | −3.91 pp |
| Q1 2025 | 2025-03-31 | 26.20% | −4.42 pp |
| Q4 2024 | 2024-12-31 | 30.17% | −4.17 pp |
| Q3 2024 | 2024-09-30 | 36.27% | +2.20 pp |
| Q2 2024 | 2024-06-30 | 36.86% | +16.08 pp |
| Q1 2024 | 2024-03-31 | 30.62% | +27.33 pp |
| Q4 2023 | 2023-12-31 | 34.33% | +38.91 pp |
| Q3 2023 | 2023-09-30 | 34.07% | +44.94 pp |
| Q2 2023 | 2023-06-30 | 20.79% | −2.54 pp |
| Q1 2023 | 2023-03-31 | 3.28% | +19.03 pp |
| Q4 2022 | 2022-12-31 | −4.58% | −23.66 pp |
| Q3 2022 | 2022-09-30 | −10.87% | −19.59 pp |
| Q2 2022 | 2022-06-30 | 23.32% | +5.78 pp |
| Q1 2022 | 2022-03-31 | −15.75% | −47.16 pp |
| Q4 2021 | 2021-12-31 | 19.08% | +9.60 pp |
| Q3 2021 | 2021-09-30 | 8.72% | −13.62 pp |
| Q2 2021 | 2021-06-30 | 17.54% | +9.62 pp |
| Q1 2021 | 2021-03-31 | 31.41% | +31.10 pp |
| Q4 2020 | 2020-12-31 | 9.48% | +17.91 pp |
| Q3 2020 | 2020-09-30 | 22.33% | +14.78 pp |
| Q2 2020 | 2020-06-30 | 7.92% | +9.39 pp |
| Q1 2020 | 2020-03-31 | 0.31% | +14.72 pp |
| Q4 2019 | 2019-12-31 | −8.42% | −10.02 pp |
| Q3 2019 | 2019-09-30 | 7.55% | −1.09 pp |
| Q2 2019 | 2019-06-30 | −1.47% | +32.04 pp |
| Q1 2019 | 2019-03-31 | −14.41% | −27.50 pp |
| Q4 2018 | 2018-12-31 | 1.59% | +11.93 pp |
| Q3 2018 | 2018-09-30 | 8.65% | −10.39 pp |
| Q2 2018 | 2018-06-30 | −33.50% | −35.74 pp |
| Q1 2018 | 2018-03-31 | 13.09% | +13.99 pp |
| Q4 2017 | 2017-12-31 | −10.34% | +237.90 pp |
| Q3 2017 | 2017-09-30 | 19.04% | +8.28 pp |
| Q2 2017 | 2017-06-30 | 2.23% | +2.26 pp |
| Q1 2017 | 2017-03-31 | −0.90% | −21.43 pp |
| Q4 2016 | 2016-12-31 | −248.24% | −271.63 pp |
| Q3 2016 | 2016-09-30 | 10.76% | −20.53 pp |
| Q2 2016 | 2016-06-30 | −0.02% | −6.40 pp |
| Q1 2016 | 2016-03-31 | 20.54% | +35.48 pp |
| Q4 2015 | 2015-12-31 | 23.40% | +3.83 pp |
| Q3 2015 | 2015-09-30 | 31.29% | +21.87 pp |
| Q2 2015 | 2015-06-30 | 6.37% | +6.02 pp |
| Q1 2015 | 2015-03-31 | −14.94% | −29.60 pp |
| Q4 2014 | 2014-12-31 | 19.57% | +11.48 pp |
| Q3 2014 | 2014-09-30 | 9.42% | −7.01 pp |
| Q2 2014 | 2014-06-30 | 0.35% | −7.17 pp |
| Q1 2014 | 2014-03-31 | 14.66% | +6.55 pp |
| Q4 2013 | 2013-12-31 | 8.09% | −7.91 pp |
| Q3 2013 | 2013-09-30 | 16.43% | +3.67 pp |
| Q2 2013 | 2013-06-30 | 7.52% | −7.07 pp |
| Q1 2013 | 2013-03-31 | 8.10% | +99.90 pp |
| Q4 2012 | 2012-12-31 | 16.00% | +89.50 pp |
| Q3 2012 | 2012-09-30 | 12.76% | −9.39 pp |
| Q2 2012 | 2012-06-30 | 14.59% | +2.48 pp |
| Q1 2012 | 2012-03-31 | −91.80% | −114.60 pp |
| Q4 2011 | 2011-12-31 | −73.49% | −100.66 pp |
| Q3 2011 | 2011-09-30 | 22.15% | −4.38 pp |
| Q2 2011 | 2011-06-30 | 12.11% | −18.59 pp |
| Q1 2011 | 2011-03-31 | 22.81% | −10.85 pp |
| Q4 2010 | 2010-12-31 | 27.16% | — |
| Q3 2010 | 2010-09-25 | 26.52% | — |
| Q2 2010 | 2010-06-26 | 30.70% | — |
| Q1 2010 | 2010-03-27 | 33.65% | — |
First Solar operating margin trends
Over the last five reported fiscal years, First Solar's operating margin increased from 11.71% to 30.59%, a change of +18.89 percentage points. The latest reported quarter, Q2 2026, shows 42.64%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review First Solar filings at SEC.gov ↗