• First Solar average gross margin for 2023 was 22.33%, a 80.08% increase from 2022.
• First Solar average gross margin for 2022 was 12.4%, a 51.77% increase from 2021.
• First Solar average gross margin for 2021 was 25.71%, a 10.91% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.