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Canadian Solar Inc. (CSIQ)

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CIK 0001375877 · Nasdaq · Semiconductors & Related Devices

  • Sector Manufacturing
  • Fiscal year ends Dec 31

For the year ended 2025-12-31, Canadian Solar Inc. reported revenue of $5.60B. Revenue fell 6.6% from the prior annual period.

Key ratios (year ended 2025-12-31)

18.3%
Gross margin
0.8%
Operating margin
-3.3%
Net margin
-4.7%
Return on year-end equity
-6.6%
Revenue growth (YoY)

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Latest selected filing: Form 4 (ownership change) · 2026-10-14

Headquarters locality: Guelph / Guelph · View on map

Annual financials

Annual flows and balances are grouped by their actual period end. Select a figure to open its SEC filing. n/a means a matching observation is unavailable. Free cash flow is operating cash flow minus capital expenditures, and EBITDA is operating income plus depreciation and amortization, for the same period, computed by TickerFacts.

Period ended2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Revenue$5.60B$5.99B$7.61B$7.47B$5.28B$3.48B$3.20B$3.74B$3.39B$2.85B
Cost of Revenue$4.57B$4.99B$6.33B$6.21B$4.37B$2.79B$2.48B$2.97B$2.75B$2.44B
Gross Profit$1.03B$999.32M$1.28B$1.26B$909.31M$689.91M$718.50M$775.08M$637.60M$417.19M
R&D Expense$90.69M$120.79M$100.84M$69.82M$58.41M$45.17M$47.05M$44.19M$28.78M$17.41M
Operating Income$43.16M-$30.08M$453.32M$356.06M$190.38M$220.43M$258.88M$364.66M$269.35M$93.16M
Depreciation & Amortization$555.05M$501.44M$307.04M$234.56M$282.77M$209.12M$159.72M$129.26M$99.27M$95.85M
EBITDA$598.21M$471.36M$760.36M$590.62M$473.15M$429.55M$418.60M$493.91M$368.62M$189.01M
Net Income-$183.76M-$77.86M$363.63M$298.56M$109.88M$147.25M$166.56M$242.43M$102.98M$65.28M
EPS (Diluted)-$2.50$0.54$3.87$3.44$1.46$2.38$2.83$3.88$1.69$1.12
Total Assets$15.17B$13.51B$11.90B$9.04B$7.39B$6.54B$5.47B$4.89B$5.89B$5.41B
Total Liabilities$10.90B$9.36B$8.19B$6.73B$5.26B$4.64B$4.04B$3.62B$4.83B$4.51B
Long-Term Debt$6.01B$4.60B$3.07B$2.26B$1.02B$934.62M$1.02B$830.43M$1.53B$1.19B
Shareholders' Equity$3.94B$3.90B$3.71B$2.31B$2.13B$1.89B$1.43B$1.27B$1.06B$899.39M
Cash & Equivalents$1.37B$1.70B$1.94B$981.43M$869.83M$1.18B$668.77M$444.30M$561.68M$511.04M
Operating Cash Flow-$252.74M-$885.32M$684.62M$916.63M-$408.25M-$120.54M$600.11M$216.28M$203.92M-$278.07M
Capital Expenditures$962.25M$1.11B$1.12B$627.12M$428.73Mn/an/a$316.28M$276.98M$286.72M
Free Cash Flow-$1.21B-$2.00B-$431.85M$289.52M-$836.98Mn/an/a-$100.00M-$73.06M-$564.79M
Share Repurchasesn/an/an/an/an/a$5.96M$11.85Mn/an/an/a
Shares Outstanding67.81M66.95M66.16M64.51M64.02M59.82M59.37M59.18M58.50M57.83M
Weighted Average Diluted Shares67.37M66.94M72.19M71.18M68.87M62.31M60.78M62.29M61.55M58.06M
EPS (Basic)-$2.50$0.54$4.19$3.73$1.55$2.46$2.88$4.02$1.71$1.13

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