CSIQ · Canadian Solar Inc.
Market Cap
$892.16M
Shares
67.90M
Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.
Revenue
$5.6B
-6.6%
FY2025
Net Income
-$104.13M
-388.8%
FY2025
Gross Margin
18.34%
+1.7pp
FY2025
Operating Margin
0.77%
+1.3pp
FY2025
Diluted EPS
-$2.50
-563%
FY2025
Operating Cash Flow
-$252.74M
+71.5%
FY2025
Chart any reported metric, KPI or segment over time — the full statement history lives here
Search above to add metrics — fundamentals, product and segment revenue, company KPIs, valuation.
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $5.6B | $5.99BG | $7.61BG | $7.47BG | $5.28B | $3.48B | $3.2B | $3.74B | $3.39B | $2.85B | $3.47B | $2.96B | $1.65B | $1.29B | $1.9B | $1.5B | $630.96M | |
| — | — | — | — | — | — | — | $1.5M | $2.5M | $6.2M | $6.1M | $0 | $0 | — | — | — | — | |
| $4.57B | $4.99B | $6.33B | $6.21B | $4.37B | $2.79B | $2.48B | $2.97B | $2.75B | $2.44B | $2.89B | $2.38B | $1.38B | $1.2B | $1.72B | $1.27B | $552.86M | |
| $1.03B | $999.32M | $1.28B | $1.26B | $909.31M | $689.91M | $718.5M | $775.08M | $637.6M | $417.19M | $576.77M | $580.99M | $275.7M | $90.36M | $182.28M | $228.77M | $78.11M | |
| 18.34% | 16.67% | 16.81% | 16.91% | 17.23% | 19.85% | 22.45% | 20.7% | 18.81% | 14.62% | 16.63% | 19.62% | 16.66% | 6.98% | 9.6% | 15.3% | 12.38% | |
| $90.69M | $120.79M | $100.84M | $69.82M | $58.41M | $45.17M | $47.05M | $44.19M | $28.78M | $17.41M | $17.06M | $12.06M | $11.69M | $13M | $19.84M | $6.84M | $3.18M | |
| $382.59M | $487.95M | $369.67M | $558.93M | $398.65M | $224.24M | $180.33M | $165.4M | — | — | — | — | — | — | — | — | — | |
| $581.81M | $515.2M | $440.49M | $342.13M | $308.94M | $225.6M | $242.78M | $245.38M | $231M | $203.79M | $168.03M | $81.15M | $44.77M | $128.83M | $86.27M | $54.52M | $46.32M | |
| $8.28M | $7.99M | $3.79M | $3.59M | $4.6M | $5.12M | $5.31M | $4.67M | $4.66M | $6.54M | $2.24M | $1.56M | $1.1M | $754.15K | $1.01M | $320.15K | — | |
| $555.05M | $501.44M | $307.04M | $234.56M | $282.77M | $209.12M | $159.72M | $129.26M | $99.27M | $95.85M | $94.22M | $82.63M | $80.82M | $81.4M | $56.12M | $31.27M | $20.51M | |
| $983.07M | $1.03B | $826.66M | $907.08M | $718.93M | $469.48M | $459.62M | $410.43M | $368.25M | $324.02M | $329.4M | $214.68M | $144.88M | $232.88M | $175.45M | $108.47M | $71.59M | |
| $43.16M | -$30.08M | $453.32M | $356.06M | $190.38M | $220.43M | $258.88M | $364.66M | $269.35M | $93.16M | $247.37M | $366.31M | $130.82M | -$142.52M | $6.83M | $120.3M | $6.51M | |
| 0.77% | -0.5% | 5.95% | 4.77% | 3.61% | 6.34% | 8.09% | 9.74% | 7.94% | 3.27% | 7.13% | 12.37% | 7.91% | -11.01% | 0.36% | 8.04% | 1.03% | |
| $598.21M | $471.36M | $760.36M | $590.62M | $473.15M | $429.55M | $418.6M | $493.91M | $368.62M | $189.01M | $341.59M | $448.94M | $211.64M | -$61.12M | $62.95M | $151.57M | $27.02M | |
| $178.17M | $137.47M | $114.1M | $74.27M | $58.15M | $71.87M | $81.33M | $106.03M | $117.97M | $69.72M | $54.15M | $48.91M | $46.24M | $53.3M | $43.84M | $22.16M | $9.46M | |
| $46.05M | $88.47M | $51.62M | $40.62M | $11.05M | $9.31M | $12.04M | $11.21M | $10.48M | $10.24M | $16.83M | $14.36M | $11.97M | $13.36M | $8.45M | $6.94M | $5.08M | |
| -$183.9M | -$52.22M | -$44.8M | $407K | -$51.92M | -$85.95M | -$79.21M | -$66.17M | -$134.82M | -$5.51M | -$23.9M | -$45.48M | -$74.55M | -$56.1M | -$81.16M | — | — | |
| -$28.88M | -$12.14M | $14.61M | $15.44M | $7.26M | $10.78M | $28.95M | $5.91M | $9.41M | -$4.4M | -$643K | $487K | — | — | — | — | — | |
| $7.39M | $1.43M | $14.63M | $858K | $18.63M | -$8.56M | $1.93M | $41.36M | -$3.61M | — | — | — | — | — | — | — | — | |
| -$140.74M | -$82.3M | $408.53M | $356.47M | $138.46M | $134.48M | $208.62M | $304.4M | $143.93M | $83.25M | $222.83M | $321.32M | $53.2M | -$200.59M | -$74.36M | $67.44M | $21.48M | |
| $14.15M | -$16.58M | $59.5M | $73.35M | $35.84M | -$1.98M | $42.07M | $61.97M | $40.95M | $17.98M | $49.51M | $77.43M | $7.64M | -$5.43M | $16.54M | $16.75M | -$1.3M | |
| -$104.13M | $36.05M | $274.19M | $298.56M | $109.88M | $147.25M | $166.56M | $242.43M | $102.98M | $65.28M | $173.32M | $243.89M | $45.57M | -$195.16M | -$90.9M | $50.83M | $22.78M | |
| -1.86% | 0.6% | 3.6% | 4% | 2.08% | 4.24% | 5.2% | 6.47% | 3.04% | 2.29% | 5% | 8.24% | 2.75% | -15.07% | -4.79% | 3.4% | 3.61% | |
| -$79.64M | -$113.91M | $89.45M | $58.59M | $14.63M | $543K | -$5.03M | $5.36M | $3.41M | $26K | $1.46M | $4.39M | $13.91M | $313.59K | -$99.17K | $259.48K | $132.32K | |
| — | $36.05M | $274.19M | $239.97M | $95.25M | $146.7M | $171.59M | $237.07M | $99.57M | $65.25M | $171.86M | $239.5M | $31.66M | -$195.47M | -$90.8M | $50.57M | $22.65M | |
| $10.98M | -$43.6M | $287.6M | $119.46M | $73.34M | $227.63M | $172.13M | $180.96M | $137.35M | $33.29M | $91.95M | $205.65M | $34.78M | -$190.23M | -$73.71M | $63.91M | — | |
| USD/shares | -$2.50 | $0.54 | $4.19 | $3.73 | $1.55 | $2.46 | $2.88 | $4.02 | $1.71 | $1.13 | $3.08 | $4.40 | $0.68 | -$4.53 | -$2.11 | $1.18 | $0.61 |
| USD/shares | -$2.50 | $0.54 | $3.87 | $3.44 | $1.46 | $2.38 | $2.83 | $3.88 | $1.69 | $1.12 | $2.93 | $4.11 | $0.63 | -$4.53 | -$2.11 | $1.16 | $0.60 |
| shares | 67.37M | 66.62M | 65.38M | 64.32M | 61.61M | 59.58M | 59.63M | 58.91M | 58.17M | 57.52M | 55.73M | 54.41M | 46.31M | 43.19M | 43.08M | 42.84M | 37.14M |
| shares | 67.37M | 66.94M | 72.19M | 71.18M | 68.87M | 62.31M | 60.78M | 62.29M | 61.55M | 58.06M | 60.43M | 59.35M | 50.39M | 43.19M | 43.08M | 43.68M | 37.73M |
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing.
3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative. (G): the company's own guidance — a (G) column is a guided period not yet reported; a G marker shows how the reported figure landed against the guided range. Non-GAAP-basis guidance (*) is shown as stated and never judged against GAAP actuals.
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2019–FY2020: $17.81M in buybacks.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
EV/Revenue
—
Peer median 3.25×
EV/EBIT
—
Peer median 47.43×
P/E (TTM)
—
Peer median 36.88×
Peer medians compare against the 7 similar-size Solar companies (of 19 listed).
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Manufacturing Segment | $5,612,124,000 | $6,460,003,000 | $7,230,550,000 | — | — | — | — | — |
| Recurrent Energy Segment | $403,620,000 | $323,469,000 | $497,653,000 | $821,525,000 | $1,124,083,000 | — | — | — |
| Csi Solar Segment | — | $6,460,003,000 | $7,230,550,000 | $6,975,612,000 | $4,371,603,000 | $3,105,044,000 | $2,591,154,000 | $2,448,057,000 |
| Energy Segment | — | — | — | — | — | — | $719,445,000 | $1,575,594,000 |
| Global Energy Segment | — | — | — | $821,525,000 | $1,124,083,000 | $726,167,000 | $718,735,000 | $1,427,245,000 |
| Module Segment | — | — | — | — | — | — | $2,582,635,000 | $2,413,889,000 |
By Geography (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| United States | $2,777,463,000 | $2,776,124,000 | $1,485,919,000 | $1,963,956,000 | $1,590,573,000 | $696,101,000 | $852,231,000 | $999,144,000 |
| China | $710,977,000 | $1,220,446,000 | $2,151,243,000 | $1,904,862,000 | $1,207,003,000 | $504,656,000 | $317,077,000 | $620,520,000 |
| United Kingdom | $355,484,000 | $185,240,000 | $144,994,000 | $106,662,000 | $7,749,000 | $8,842,000 | $33,158,000 | $101,479,000 |
| Australia | $347,863,000 | $115,118,000 | $128,247,000 | $393,959,000 | $165,772,000 | $120,403,000 | $313,167,000 | $232,409,000 |
| Brazil | $229,041,000 | $190,925,000 | $846,387,000 | $623,331,000 | $442,603,000 | $284,478,000 | $395,303,000 | $339,964,000 |
| Pakistan | $202,962,000 | $266,082,000 | $78,203,000 | $73,531,000 | $48,838,000 | $15,417,000 | $10,581,000 | — |
| Other Countries Europe | $196,341,000 | $292,232,000 | $643,442,000 | $270,877,000 | $78,040,000 | $54,175,000 | $52,873,000 | $55,730,000 |
| Japan | $195,090,000 | $150,727,000 | $597,188,000 | $325,344,000 | $509,233,000 | $560,701,000 | $372,687,000 | $483,041,000 |
| Other Countries America | $151,732,000 | $136,726,000 | $283,839,000 | $174,452,000 | $46,210,000 | $16,524,000 | $29,731,000 | $28,067,000 |
| Spain | $141,833,000 | $221,788,000 | $445,321,000 | $434,841,000 | $100,658,000 | $138,972,000 | $78,228,000 | $58,811,000 |
| Other Countries Asia | $138,095,000 | $164,307,000 | $298,862,000 | $128,307,000 | $121,780,000 | $91,222,000 | $76,786,000 | $142,962,000 |
| Germany | $91,636,000 | $198,227,000 | $291,385,000 | $322,189,000 | $231,995,000 | $119,035,000 | $109,119,000 | $95,514,000 |
| South Africa | $56,590,000 | $75,467,000 | $218,596,000 | $118,458,000 | $90,761,000 | $49,375,000 | $93,911,000 | $53,739,000 |
| United Arab Emirates | — | $23,546,000 | $22,915,000 | $15,974,000 | $6,168,000 | $53,981,000 | $43,311,000 | $104,467,000 |
| Canada | — | — | $52,525,000 | $49,148,000 | $30,792,000 | $100,284,000 | $30,330,000 | $57,478,000 |
| Chile | — | — | $29,663,000 | $37,370,000 | $18,461,000 | $4,872,000 | — | — |
| Cyprus | — | — | — | — | $51,038,000 | $13,265,000 | $2,175,000 | — |
| Czechia | — | $23,670,000 | $62,079,000 | $79,414,000 | $34,604,000 | $16,144,000 | $17,717,000 | $17,411,000 |
| France | — | — | $22,341,000 | $31,147,000 | $25,980,000 | $29,974,000 | $13,516,000 | — |
| Hong Kong SAR China | — | — | $32,707,000 | $46,254,000 | $9,979,000 | $13,571,000 | — | — |
| Ireland | — | — | $41,611,000 | $63,740,000 | $7,844,000 | — | — | — |
| India | — | $50,241,000 | $91,020,000 | $197,772,000 | $142,300,000 | $61,141,000 | $70,893,000 | $145,873,000 |
| Italy | — | $81,007,000 | $79,041,000 | $14,465,000 | $6,531,000 | — | — | — |
| South Korea | — | — | — | — | $3,413,000 | $25,896,000 | $72,552,000 | $46,697,000 |
| Mexico | — | $42,431,000 | $50,884,000 | $31,912,000 | $139,611,000 | $118,846,000 | $94,446,000 | $50,004,000 |
| Netherlands | — | $21,607,000 | $81,820,000 | $136,375,000 | $104,715,000 | $96,372,000 | $68,770,000 | $83,475,000 |
| Norway | — | — | $139,769,000 | $30,231,000 | $157,000 | — | — | — |
| Philippines | — | $18,623,000 | $40,612,000 | $26,578,000 | $6,660,000 | — | — | — |
| Poland | — | $27,975,000 | $12,667,000 | $26,136,000 | — | — | — | — |
| Puerto Rico | — | — | $37,922,000 | $22,353,000 | $11,344,000 | — | — | — |
| Romania | — | $23,540,000 | $24,491,000 | $31,804,000 | $3,699,000 | $1,258,000 | — | — |
| Thailand | — | — | $10,217,000 | $9,941,000 | $59,451,000 | $6,108,000 | $12,753,000 | $23,511,000 |
| Taiwan | — | $21,155,000 | $19,369,000 | $67,411,000 | $7,702,000 | $24,422,000 | — | — |
| Vietnam | — | — | $16,208,000 | $9,078,000 | $19,956,000 | $289,621,000 | $39,268,000 | $4,216,000 |
| America | — | $3,103,775,000 | $2,616,145,000 | $2,793,651,000 | $2,279,594,000 | $1,221,105,000 | $1,402,041,000 | $1,474,657,000 |
| Asia | — | $1,801,562,000 | $3,125,496,000 | $2,739,779,000 | $2,139,070,000 | $1,620,840,000 | $1,018,083,000 | $1,571,287,000 |
| Europe | — | $1,088,072,000 | $1,871,985,000 | $1,935,180,000 | $858,505,000 | $634,550,000 | $780,459,000 | $698,568,000 |
By Product & Service (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Electricity | $137,631,000 | $89,170,000 | $48,115,000 | $23,835,000 | $29,420,000 | $9,706,000 | $5,866,000 | $4,688,000 |
Segment Operating Income
Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Manufacturing Segment | $198,557,000 | $336,782,000 | $456,083,000 | — | — | — | — | — |
| Recurrent Energy Segment | -$152,657,000 | -$90,080,000 | $96,621,000 | $80,364,000 | $97,179,000 | — | — | — |
| Csi Solar Segment | — | $336,782,000 | $456,083,000 | $343,798,000 | $74,132,000 | $253,105,000 | $267,642,000 | $182,488,000 |
| Energy Segment | — | — | — | — | — | — | -$7,031,000 | $211,539,000 |
| Global Energy Segment | — | — | — | $80,364,000 | $97,179,000 | $53,414,000 | $18,795,000 | $171,876,000 |
| Module Segment | — | — | — | — | — | — | $279,715,000 | $141,609,000 |
Operating Margin by Segment (%)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Manufacturing Segment | 3.5% | 5.2% | 6.3% | — | — | — | — | — |
| Recurrent Energy Segment | -37.8% | -27.8% | 19.4% | 9.8% | 8.6% | — | — | — |
| Csi Solar Segment | — | 5.2% | 6.3% | 4.9% | 1.7% | 8.2% | 10.3% | 7.5% |
| Energy Segment | — | — | — | — | — | — | -1% | 13.4% |
| Global Energy Segment | — | — | — | 9.8% | 8.6% | 7.4% | 2.6% | 12% |
| Module Segment | — | — | — | — | — | — | 10.8% | 5.9% |
Key facts
CIK
1375877
CUSIP
136635109
13F (30d)
160 filings
141 filers
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