Canadian Solar Inc.

Canadian Solar Inc.

CSIQ
Canadian Solar Inc.US flagNASDAQ Global Select
13.22
USD
-0.31
- -
897.59MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
35.73
54.42
62.22
49.6
58.29
63.56
53.67
58.35
85.65
116.11
116.46
89.97
83.05
73.64
Basic EPS, GAAP
0.68
4.4
3.08
1.13
1.71
4.02
2.88
2.46
1.55
3.73
4.19
0.54
-2.5
-2.75
Free Cash Flow per Basic Share
4.46
3.68
-4.11
-24.16
-1.84
-1.7
5.18
-7.65
-13.6
4.49
-12.86
-41.37
-24.41
-23.14
Dividend per Share
- -
- -
- -
- -
0.16
0.05
0.02
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
7.65
12.99
14.63
15.3
17.65
20.71
23.46
26.25
28.13
30.1
38.68
42.05
41.41
40.58
Tangible Book Value per Share
7.17
12.63
12.57
14.18
16.01
19.33
22.06
24.83
27.84
29.83
38.39
41.59
40.94
40.14
Basic Weighted Avg Shares
46
54
56
58
58
59
60
60
62
64
65
67
67
68
Sales/Revenue/Turnover
1,654
2,961
3,468
2,853
3,390
3,745
3,201
3,476
5,277
7,469
7,614
5,993
5,595
4,990
Operating Margin (%)
7.91
12.42
7.19
1.87
6.73
8.84
8.07
6.3
3.44
4.77
5.95
-0.5
0.77
-0.55
Depreciation Expense
81
83
94
96
99
129
160
209
283
235
307
501
555
- -
Net Income, GAAP
32
240
172
65
100
237
172
147
95
240
274
36
-104
-186
Effective Tax Rate (%)
13.58
24.13
22.16
20.51
30.44
20.76
23.41
- -
25.89
20.58
14.56
- -
- -
195.03
Profit Margin (%)
1.91
8.09
4.96
2.29
2.94
6.33
5.36
4.22
1.8
3.21
3.6
0.6
-1.86
-3.73
Working Capital
-59
367
-392
70
-23
126
161
597
734
386
231
498
128
170
LT Debt
151
284
753
619
531
394
640
683
772
1,097
1,772
3,150
4,171
3,977
Total Equity
401
730
833
899
1,060
1,273
1,425
1,893
2,126
2,307
3,705
4,150
4,270
4,240
Return on Invested Capital (%)
6.92
14.31
7.21
1.26
4.17
6.84
5.35
- -
2.69
4.86
5.37
- -
- -
- -
Return on Capital (%)
3.5
14.26
7.96
3.57
4.65
8.33
6.54
- -
2.45
4.1
3.88
- -
- -
2.29
Return on Common Equity (%)
9.29
43.26
22.38
7.66
10.39
21
13.11
9.9
5.65
12.82
12.18
1.34
-5.99
-6.64

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
3,509
3,511
3,994
LT Borrowings
3,817
3,957
3,710
LT Finance Leases
355
339
267
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
68
68
68
Market Capitalization
1,612
939
1,088

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
5,979
6,463
7,001
Cash, Cash Equivalents & STI
1,370
1,441
1,461
Accounts Receivable, Net
830
699
909
Inventories
1,134
1,519
1,656
Total Current Liabilities
5,850
6,071
6,831
Payables & Accruals
1,666
1,859
2,025
ST Debt
3,509
3,511
3,994
Deferred Revenue
163
216
213

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
18.71%
19.27%
2.89%
Free Cash Flow
-50.3%
-50.89%
-40.34%
Net Income, GAAP
-25.8%
-68.91%
-388.83%
Sales/Revenue/Turnover
7.3%
13.47%
-6.65%
Total Cash Common Dividend
- -
- -
-5,853.04%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,329
1,635
1,508
1,521
5,993
2025
1,197
1,694
1,487
1,217
5,595
2026
1,078
1,208
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.19
0.06
-0.21
0.51
0.54
2025
-0.51
0.11
0.13
-1.28
-2.5
2026
-0.47
-1.13
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Colin Parkin
Full Time Employees
12,587
Sector
Energy
Industry
Solar
Address
4273 King Street East Kitchener ON Canada N2P 2E9
IPO Date
Nov 9, 2006
Business
Canadian Solar Inc. is a leading manufacturer of solar photovoltaic modules, provider of solar energy and battery energy storage solutions, and developer of utility-scale solar power and battery energy storage projects. Founded in 2001 by Dr. Shawn Qu and headquartered in Kitchener, Ontario, Canada, the company operates through two primary segments: CSI Solar, which designs, develops, and manufactures solar ingots, wafers, cells, modules, inverters, solar system kits, and engineering, procurement, and construction services; and Recurrent Energy, which focuses on greenfield origination, development, financing, execution, operations, maintenance, and asset management of solar and storage projects. Its product portfolio includes high-efficiency TOPCon and HJT solar PV modules for residential, commercial & industrial, and utility-scale applications; turnkey battery storage systems for utilities, independent power producers, and residential customers; and integrated solar energy solutions such as system kits with mounting and inverters, supported by 25-30 year warranties. The company serves customers in more than 160 countries across six continents, with subsidiaries in 23 countries and regions, over 20 manufacturing facilities in Asia and the Americas, cumulative solar module shipments of 170GW, battery storage shipments of 15.7GWh, and a geographically diversified project pipeline exceeding 25GWp solar and 80GWh storage. Recent developments include the opening of a new and expanded global headquarters in Kitchener, Ontario in January 2025, consolidating corporate functions and subsidiaries like e-STORAGE; the April 2025 acquisition by subsidiary CSI Solar Co., Ltd. of U.S.-based Endurans Solar to enhance module performance and reduce manufacturing costs; a planned $200 million convertible notes issuance to investment firm PAG in late 2024 for capital optimization, debt repayment, and solar project investments; and in November 2025, the formation of joint venture CS PowerTech with CSI Solar Co., through which Canadian Solar will acquire a controlling 75.1% stake and related overseas facilities valued at $50 million to bolster U.S. manufacturing of solar panels and energy storage systems, alongside a new 6GWh battery facility under construction in Shelbyville, Kentucky.

Company News

  • Deutsche Bank AG Takes $1.24 Million Position in Canadian Solar Inc. $CSIQ

  • Canadian Solar Q2 Earnings Call Highlights

  • Canadian Solar Inc. (CSIQ) Q2 2026 Earnings Call Transcript

  • Canadian Solar Q2 Loss Wider Than Estimates, Revenues Fall Y/Y

  • Canadian Solar Beats on Revenue, But Investors Face Softer Q3 Setup

  • Canadian Solar Q2 Earnings Call Highlights

  • Canadian Solar (CSIQ) Reports Q2 Loss, Beats Revenue Estimates

  • Canadian Solar Reports Second Quarter 2026 Results

  • Canadian Solar Reports on August 27. Here's Why the Stock Could Climb to $19 Per Share

  • CANADIAN SOLAR ANNOUNCES RESOLUTION OF MAXEON U.S. PATENT LITIGATION

  • Recurrent Energy Secures $695 Million in Project Financing for 330 MW California Solar Project

  • E-STORAGE's KuBank 3.0 for C&I Applications Successfully Passes Large-Scale Fire Testing

  • Recurrent Energy Powers Up Carwarp Energy Park in Australia Under Long-Term Microsoft PPA

  • Canadian Solar Schedules Second Quarter 2026 Earnings Conference Call for August 27

  • Canadian Solar's U.S.-Manufactured TOPCon and HJT HP Modules Achieve FM Approvals Recognition for Their Severe Hail Resilience

  • Canadian Solar opens US solar cell factory in Indiana

  • CS PowerTech Launches Best in Class PV HJT Solar Cell Plant

  • Canadian Solar: Debt/Regulatory Risks Mount - Contrarian Buy With H2'26 Recovery Prospects

  • Canadian Solar Makes S&P Global Energy Premier List of Tier 1 Cleantech Companies 2026

  • Canadian Solar Announces Leadership Change at Recurrent Energy