Canadian Solar Inc.
CSIQ Nasdaq· Semiconductors & Related Devices
Last close · Oct 26, 2026
$8.85
KIRA · Stoqly’s AI analyst, in plain words
- Canadian Solar Inc. had $5.6B of revenue in fiscal 2025, down 6.6% on the year before. Over five years, revenue changed +10.0% a year on average.
- Its operating margin was 0.8%, up 1.3 pts: of every 100 in sales, about 1 is left after running the business.
- Canadian Solar Inc. lost $104M in fiscal 2025.
- Free cash flow was −$1.2B in fiscal 2025, −21.7% of revenue.
- Canadian Solar Inc. owes $7.2B more than it holds in cash, about 12.0 years of operating profit.
Market cap
$596M
P/E
—
Revenue
$5.6B
Net income
−$104M
Free cash flow
−$1.2B
Operating margin
0.8%
Canadian Solar Inc. in 30 seconds · fiscal 2025
Are sales growing?
−6.6%
No. Sales fell 6.6% last year.
Does it make a profit?
−1.9%
No. It lost money last year.
Does profit turn into cash?
−21.7%
No. It spent more cash than it brought in.
Is debt under control?
12.0x
Heavy. Repaying its debt would take 12.0 years of operating profit.
How healthy are the accounts?
1 / 9
Weak. It passes 1 of 9 health tests.
How is the share priced?
—
No P/E: it made no profit over the last four quarters.
What Canadian Solar Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 20-F · Apr 10, 2026
- Legal name
- Canadian Solar Inc.
- CIK
- 0001375877
Canadian Solar Inc. · CSIQ
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $5.3B | $7.5B | $7.6B | $6.0B | $5.6B |
| Revenue growth | 51.8% | 41.5% | 1.9% | −21.3% | −6.6% |
| Gross margin | 17.2% | 16.9% | 16.8% | 16.7% | 18.3% |
| Operating margin | 3.6% | 4.8% | 6.0% | −0.5% | 0.8% |
| Net income | $110M | $299M | $274M | $36.1M | −$104M |
| Net margin | 2.1% | 4.0% | 3.6% | 0.6% | −1.9% |
| Diluted EPS | $1.46 | $3.44 | $3.87 | $0.54 | −$2.50 |
| Cash | |||||
| Cash from operations | −$408M | $917M | $685M | −$885M | −$253M |
| Capital expenditure | $429M | $627M | $1.1B | $1.1B | $962M |
| Free cash flow | −$837M | $290M | −$432M | −$2.0B | −$1.2B |
| FCF margin | −15.9% | 3.9% | −5.7% | −33.3% | −21.7% |
| Share count change | 10.5% | 3.4% | 1.4% | −7.3% | 0.6% |
| Debt and strength | |||||
| Cash and short-term investments | $870M | $1,000M | $2.0B | $1.7B | $1.4B |
| Debt incl. finance leases | $2.7B | $3.7B | $5.0B | $6.7B | $8.5B |
| Shareholders' equity | $1.8B | $1.9B | $2.6B | $2.8B | $2.8B |
| Net debt / EBITDA | 3.8x | 4.6x | 4.1x | 10.5x | 12.0x |
| Current ratio | 1.2x | 1.1x | 1.0x | 1.1x | 1.0x |
| Interest coverage | 3.3x | 4.8x | 4.0x | −0.2x | 0.2x |
| Returns and quality | |||||
| Return on capital | 4.0% | 6.1% | 7.1% | −0.3% | 0.3% |
| Return on equity | 6.5% | 16.0% | 12.2% | 1.3% | −3.7% |
| Return on tangible equity | 5.3% | 12.5% | 10.8% | 1.3% | −3.8% |
| Piotroski F-score | 3 | 5 | 3 | 3 | 1 |
| Altman Z'' | 1.6 | 1.3 | 1.1 | 0.9 | 0.7 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.1M
2 insiders
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Canadian Solar Inc. · CSIQ
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $8.85 a share, the company is worth $596M.
Source: SEC EDGAR XBRL filings (CIK 0001375877). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.