Canadian Solar
CSIQ
11.25
-0.29
-2.51%
Canadian Solar
US · CSIQ
#3450 by market cap
Listed 2006
11.25
-0.29
-2.51%
Live - 5344 symbols - heartbeat 276s ago
· 2026-10-08 08:50
Pre-market
11.22
-0.27%
After-hours
11.25
0.00%
Overnight
11.05
-1.78%
- Market cap
- 763.84M
- P/E (TTM)i
- -2.93
- P/Bi
- 0.28
- EPSi
- -2.50
- Div yieldi
- 0.00%
- 52W posi
- 4%
Reader sentiment
Are you bullish or bearish on CSIQ?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Weak
- Altman Z-Score is 0.57, below the 1.8 "distress zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year -6.65% YoY
Margins
- Gross margin
- 18.34%
- Operating margin
- 0.77%
- Net margin
- -3.01%
Key ratios & quality
- Enterprise valuei
- 6.72B
- Altman Z-Scorei
- 0.57
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3.74B | 3.20B | 3.48B | 5.28B | 7.47B | 7.61B | 5.99B | 5.60B |
| Gross profit | 775.08M | 718.50M | 689.91M | 909.31M | 1.26B | 1.28B | 999.32M | 1.03B |
| Selling & admin expenses | 410.78M | 423.11M | 449.84M | 707.59M | 901.06M | 810.16M | 1.00B | 964.40M |
| Research & development | 44.19M | 47.05M | 45.17M | 58.41M | 69.82M | 100.84M | 120.79M | 90.69M |
| Operating profit | 331.12M | 258.44M | 219.15M | 181.78M | 356.06M | 453.32M | -30.08M | 43.16M |
| Pretax profit | 298.49M | 179.67M | 134.48M | 138.46M | 356.47M | 408.53M | -82.30M | -140.74M |
| Tax | 61.97M | 42.07M | -1.98M | 35.84M | 73.35M | 59.50M | -16.58M | 14.15M |
| Net profit | 242.43M | 166.56M | 147.25M | 109.88M | 298.56M | 363.63M | -77.86M | -183.76M |
| Basic EPS | 4 | 3 | 2 | 2 | 4 | 4 | 1 | -3 |
| Diluted EPS | 3.88 | 2.83 | 2.38 | 1.46 | 3.44 | 3.87 | 0.54 | -2.50 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 1.20B | 1.69B | 1.49B | 1.22B | 1.08B | 1.21B |
| Gross profit | 140.49M | 505.03M | 256.30M | 124.40M | 270.82M | 168.48M |
| Selling & admin expenses | 196.42M | 362.15M | 217.84M | 187.99M | 189.75M | 227.21M |
| Research & development | 24.28M | 24.72M | 20.00M | 21.68M | 20.72M | 20.80M |
| Operating profit | -54.81M | 127.43M | 34.59M | -64.06M | 72.87M | -71.06M |
| Pretax profit | -95.73M | 81.13M | -7.62M | -118.53M | 8.69M | -67.34M |
| Tax | -23.12M | 34.31M | 7.14M | -4.18M | 16.94M | 16.34M |
| Net profit | -76.65M | 44.77M | -21.08M | -130.80M | -13.51M | -85.77M |
| Basic EPS | -1 | 0 | 0 | -2 | -1 | -1 |
| Diluted EPS | -0.69 | -0.08 | -0.07 | -1.66 | -0.71 | -1.40 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 3.07B | 3.25B | 4.19B | 4.77B | 5.64B | 6.10B | 5.92B | 5.98B |
| Cash & ST investments | 444.30M | 668.77M | 1.18B | 869.83M | 981.43M | 1.94B | 1.70B | 1.37B |
| Inventory | 262.02M | 554.07M | 695.98M | 1.19B | 1.52B | 1.18B | 1.21B | 1.13B |
| Total assets | 4.89B | 5.47B | 6.54B | 7.39B | 9.04B | 11.90B | 13.51B | 15.17B |
| Total current liabilities | 2.95B | 3.09B | 3.59B | 4.04B | 5.26B | 5.86B | 5.42B | 5.85B |
| Short-term debt | 1.79B | 1.78B | 2.13B | 2.49B | 2.95B | 2.70B | 2.76B | 3.51B |
| Long-term debt | 393.61M | 619.48M | 669.30M | 748.31M | 1.07B | 1.65B | 2.88B | 3.82B |
| Total liabilities | 3,619,813,000.00 | 4,042,149,000.00 | 4,644,069,000.00 | 5,261,904,000.00 | 6,730,434,000.00 | 8,190,516,000.00 | 9,361,747,000.00 | 10,902,101,000.00 |
| Total equity | 1.27B | 1.43B | 1.89B | 2.13B | 2.31B | 3.71B | 4.15B | 4.27B |
| Retained earnings | 622.02M | 793.60M | 940.30M | 1.04B | 1.28B | 1.55B | 1.59B | 1.48B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 5.99B | 6.21B | 6.39B | 5.98B | 6.46B | 7.00B |
| Cash & ST investments | 1.58B | 1.86B | 1.76B | 1.37B | 1.44B | 1.46B |
| Inventory | 1.50B | 1.25B | 1.24B | 1.13B | 1.52B | 1.66B |
| Total assets | 13.90B | 14.81B | 15.16B | 15.17B | 15.53B | 16.11B |
| Total current liabilities | 5.59B | 5.68B | 5.97B | 5.85B | 6.07B | 6.83B |
| Short-term debt | 2.95B | 2.91B | 3.32B | 3.51B | 3.51B | 3.99B |
| Long-term debt | 3.22B | 3.89B | 3.73B | 3.82B | 3.96B | 3.71B |
| Total liabilities | 9,824,887,000.00 | 10,636,071,000.00 | 10,797,895,000.00 | 10,902,101,000.00 | 11,237,853,000.00 | 11,864,655,000.00 |
| Total equity | 4.07B | 4.18B | 4.36B | 4.27B | 4.30B | 4.24B |
| Retained earnings | 1.55B | 1.56B | 1.57B | 1.48B | 1.45B | 1.37B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 216.28M | 600.11M | -120.54M | -408.25M | 916.63M | 684.62M | -885.32M | -252.74M |
| Depreciation & amortization | 129.26M | 159.72M | 209.12M | 282.77M | 234.56M | 307.04M | 501.44M | 555.05M |
| Free cash flow | -100.00M | 308.93M | -455.48M | -837.75M | 288.63M | -840.85M | -2.76B | -1.64B |
| Dividends paid | -3.01M | -1.12M | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | 0 | -11.85M | -5.96M | 148.51M | -- | -- | -- | -- |
| Ending cash balance | 940.99M | 1.21B | 1.64B | 1.43B | 1.97B | 2.95B | 2.26B | 1.94B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | -264.20M | 188.56M | -112.06M | -65.03M | -208.66M | -180.76M |
| Depreciation & amortization | -- | -- | -- | -- | -- | -- |
| Free cash flow | -649.29M | -203.87M | -406.51M | -384.52M | -401.92M | -375.02M |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -21.40M | -24.22M | 0 | -- | 0 | 0 |
| Ending cash balance | 2.03B | 2.26B | 2.18B | 1.94B | 1.88B | 1.85B |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 21.00 | 13.11 | 9.90 | 5.65 | 12.82 | 12.18 | 1.34 | -5.99 |
| ROA %i | 4.40 | 3.31 | 2.44 | 1.37 | 2.92 | 2.62 | 0.28 | -1.18 |
| ROIC %i | 8.33 | 6.28 | 4.69 | 2.77 | 4.84 | 5.04 | 0.95 | -0.67 |
| 5-year avg ROE %i | 20.94 | 14.91 | 12.41 | 12.01 | 12.50 | 10.73 | 8.38 | 5.20 |
| EBIT margin %i | 10.80 | 8.15 | 5.94 | 3.73 | 5.77 | 6.86 | 0.92 | 0.67 |
| FCF / sales %i | -- | 9.65 | -- | -- | 3.86 | -- | -- | -- |
| Current ratioi | 1.04 | 1.05 | 1.17 | 1.18 | 1.07 | 1.04 | 1.09 | 1.02 |
| Quick ratioi | 0.36 | 0.41 | 0.48 | 0.44 | 0.42 | 0.54 | 0.59 | 0.46 |
| Debt / assetsi | 44.65 | 44.32 | 42.98 | 44.09 | 44.75 | 37.62 | 43.75 | 50.62 |
| LT debt / equityi | 32.12 | 45.95 | 43.46 | 42.84 | 56.49 | 69.23 | 111.88 | 148.54 |
| Interest coveragei | 3.82 | 3.21 | 2.87 | 3.38 | 5.80 | 4.58 | 0.40 | 0.21 |
| Revenue CAGR (3Y) %i | 2.59 | 3.91 | 0.84 | 12.12 | 32.64 | 29.86 | 4.33 | -9.18 |
| Net income CAGR (3Y) %i | 11.32 | 38.03 | 13.79 | -26.21 | 11.83 | 23.18 | -27.66 | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -2.24 | -- | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | -0.39 | -0.25 | -2.60 | -5.99 | -5.95 | -8.94 |
| ROA %i | -0.08 | -0.05 | -0.52 | -1.18 | -1.13 | -1.62 |
| ROIC %i | 0.58 | 0.86 | 0.06 | -0.67 | -0.83 | -1.57 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | -1.36 | -0.46 | -0.07 | 0.67 | 2.81 | 0.48 |
| FCF / sales %i | -- | -- | -- | -- | -- | -- |
| Current ratioi | 1.07 | 1.09 | 1.07 | 1.02 | 1.06 | 1.02 |
| Quick ratioi | 0.52 | 0.56 | 0.51 | 0.46 | 0.44 | 0.43 |
| Debt / assetsi | 46.68 | 48.11 | 48.82 | 50.62 | 50.25 | 49.49 |
| LT debt / equityi | 127.77 | 147.64 | 142.04 | 148.54 | 151.80 | 144.33 |
| Interest coveragei | -0.56 | -0.18 | -0.03 | 0.21 | 0.81 | 0.12 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Single-engine
- Manufacturing is the largest reported line at 100.30% of revenue, across 3 reported segments.
- The next-largest line, Recurrent Energy, is a distant second at 7.21% - a sharp slowdown here would have little to offset it.
Revenue breakdown most recent period
Business
Manufacturing100.30%
Recurrent Energy7.21%
Region
United States49.64%
People's Republic of China (PRC)12.71%
Other7.65%
United Kingdom6.35%
Australia6.22%
Brazil4.09%
Pakistan3.63%
Europe and other regions-Others3.51%
Japan3.49%
The Americas-Others2.71%
Quote time 2026-10-08 08:50:08 · For reference only, not investment advice and not tailored to your situation.