Canadian Solar Inc. (CSIQ)

NASDAQ: CSIQ · Real-Time Price · USD

15.88

+0.28 (1.79%)

At close: Aug 11, 2026, 4:00 PM EDT

15.88

0.00 (0.00%)

After-hours: Aug 11, 2026, 5:19 PM EDT

Canadian Solar Financials Overview

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	5,476	5,595	5,993	7,614	7,469	5,277
Revenue Growth	-6.56%	-6.65%	-21.28%	1.94%	41.53%	51.80%
Gross Profit	1,157	1,026	999.32	1,280	1,263	909.31
Operating Income	170.83	43.16	-30.08	453.32	356.06	190.38
Net Income	-102.25	-104.13	36.05	274.19	239.97	95.25
Earnings Per Share	-2.52	-2.50	0.54	3.87	3.44	1.46
EPS Growth	-	-	-86.05%	12.50%	135.62%	-38.66%

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Manufacturing	5,372	5,612	6,460	7,231	6,976	4,372
Recurrent Energy	417.61	403.62	323.47	497.65	821.53	1,124
Eliminations	-312.78	-420.64	-790.06	-114.58	-328.53	-218.52
Revenue (Total)	5,476	5,595	5,993	7,614	7,469	5,277

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	1,441	1,370	1,701	1,939	981.43	869.83
Total Debt	7,806	7,680	5,911	4,476	2,550	2,430
Net Cash (Debt)	-6,365	-6,309	-4,210	-2,537	-1,569	-1,560
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-94.19	-93.65	-62.89	-35.14	-22.04	-22.66

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	-197.2	-252.74	-885.32	684.62	916.63	-408.25
Capital Expenditures	-879.08	-962.25	-1,113	-1,116	-627.12	-428.73
Free Cash Flow	-1,076	-1,215	-1,998	-431.85	289.52	-836.98
Free Cash Flow Growth	-	-	-	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	21.12%	18.34%	16.67%	16.81%	16.91%	17.23%
Operating Margin	3.12%	0.77%	-0.50%	5.95%	4.77%	3.61%
Pretax Margin	-2.14%	-2.52%	-1.37%	5.37%	4.77%	2.62%
Profit Margin	-1.62%	-2.77%	-1.10%	4.58%	3.79%	1.94%
FCF Margin	-19.65%	-21.72%	-33.34%	-5.67%	3.88%	-15.86%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 11, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	-	-	20.59	6.78	8.98	21.43
Forward PE	-	145.12	54.48	15.73	10.24	28.03
P/FCF Ratio	-	-	-	-	6.88	-
PS Ratio	0.20	0.29	0.12	0.23	0.27	0.38