• First Solar average ebitda margin for 2023 was 20.14%, a 11.89% increase from 2022.
• First Solar average ebitda margin for 2022 was 18%, a 36.42% increase from 2021.
• First Solar average ebitda margin for 2021 was 28.31%, a 173.53% decline from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.