• First Solar average operating margin for 2023 was 10.78%, a 42.59% increase from 2022.
• First Solar average operating margin for 2022 was 7.56%, a 61.31% increase from 2021.
• First Solar average operating margin for 2021 was 19.54%, a 536.48% decline from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.