Canadian Solar Inc. (CSIQ) 10-Year Financial Performance & Capital Metrics

CSIQ • • Industrial / General

EnergySolarSolar Module ManufacturingSolar Panel Manufacturers

AboutCanadian Solar Inc., together with its subsidiaries, designs, develops, manufactures, and sells solar ingots, wafers, cells, modules, and other solar power and battery storage products in Asia, the Americas, Europe, and internationally. The company operates through two segments, Canadian Solar Inc. (CSI) Solar and Global Energy. The CSI Solar segment offers standard solar modules and battery storage solutions, as well as solar system kits that are a ready-to-install packages comprising inverters, racking systems, and other accessories; and engineering, procurement, and construction (EPC) services. The Global Energy segment engages in the development, construction, maintenance, and sale of solar and battery storage projects; operation of solar power plants; and sale of electricity. This segment also provides operation and maintenance (O&M) services, including monitoring, inspections, repair, and replacement of plant equipment; and site management and administrative support services for solar projects, as well as asset management services. As of January 31, 2021, this segment had a fleet of solar power plants in operation with an aggregate capacity of approximately 445 MWp. The company serves distributors, system integrators, project developers, and installers/EPC companies. It sells its products primarily under its Canadian Solar brand name; and on an OEM basis. The company was incorporated in 2001 and is headquartered in Guelph, Canada.Show more

Revenue $5.99B -21.3%
EBITDA $471M -38.0%
Net Income $36M -86.9%
EPS (Diluted) 0.54 -86.0%
Gross Margin 16.67% -0.8%
EBITDA Margin 7.86% -21.2%
Operating Margin -0.5% -108.4%
Net Margin 0.6% -83.3%
ROE 0.92% -89.9%
ROIC -0.32% -105.5%
Debt/Equity 1.42 +17.9%
Interest Coverage -0.22 -105.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 85 (top 15%)
✓Strong 5Y sales CAGR of 13.4%
✓Share count reduced 7.3% through buybacks
✓Trading at only 0.3x book value

✗Weaknesses

✗Profits declining 26.8% over 5 years
✗Weak Piotroski F-Score: 2/9
✗Negative free cash flow
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y7.31%

5Y13.37%

3Y4.33%

TTM-4.46%

Profit (Net Income) CAGR

10Y-17.25%

5Y-26.8%

3Y-27.66%

TTM2014.83%

EPS CAGR

10Y-18.37%

5Y-28.25%

3Y-28.22%

TTM86.34%

ROCE

10Y Avg8.84%

5Y Avg5.12%

3Y Avg6.27%

Latest-0.43%

Peer Comparison

Solar Panel Manufacturers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CSIQCanadian Solar Inc.	1.45B	21.61	40.02	-21.28%	0.27%	0.37%		1.42
FSLRFirst Solar, Inc.	26.14B	243.64	20.27	26.75%	27.73%	15.53%		0.09
MAXNMaxeon Solar Technologies, Ltd.	49.95M	2.95	-0.04	-54.68%	-320.48%
ASTIAscent Solar Technologies, Inc. Common Stock	22.81M	4.84	-0.47	-90.86%	-118.05%	-272.24%		0.61
JKSJinkoSolar Holding Co., Ltd.	1.52B	29.41	-1.45	-22.26%	-3.36%	-8.38%	100%	1.07

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	3.47B	2.85B	3.39B	3.74B	3.2B	3.48B	5.28B	7.47B	7.61B	5.99B
Revenue Growth %	0.17%	-0.18%	0.19%	0.1%	-0.15%	0.09%	0.52%	0.42%	0.02%	-0.21%
Cost of Goods Sold+	2.89B	2.44B	2.75B	2.97B	2.48B	2.79B	4.37B	6.21B	6.33B	4.99B
COGS % of Revenue	0.83%	0.85%	0.81%	0.79%	0.78%	0.8%	0.83%	0.83%	0.83%	0.83%
Gross Profit+	576.77M	417.19M	637.6M	775.08M	718.5M	689.91M	909.31M	1.26B	1.28B	999.32M
Gross Margin %	0.17%	0.15%	0.19%	0.21%	0.22%	0.2%	0.17%	0.17%	0.17%	0.17%
Gross Profit Growth %	-0.01%	-0.28%	0.53%	0.22%	-0.07%	-0.04%	0.32%	0.39%	0.01%	-0.22%
Operating Expenses+	329.4M	324.02M	368.25M	410.43M	459.62M	469.48M	718.93M	907.08M	826.66M	1.03B
OpEx % of Revenue	0.09%	0.11%	0.11%	0.11%	0.14%	0.14%	0.14%	0.12%	0.11%	0.17%
Selling, General & Admin	312.34M	349.16M	387.03M	410.78M	423.11M	449.84M	707.59M	901.05M	810.16M	1B
SG&A % of Revenue	0.09%	0.12%	0.11%	0.11%	0.13%	0.13%	0.13%	0.12%	0.11%	0.17%
Research & Development	17.06M	17.41M	28.78M	44.19M	47.05M	45.17M	58.41M	69.82M	100.84M	120.79M
R&D % of Revenue	0%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.02%
Other Operating Expenses	389K	-2.73M	-6.47M	-11.01M	-10.54M	-25.52M	-47.07M	-63.8M	-84.34M	-94.54M
Operating Income+	247.37M	93.16M	269.35M	364.66M	111.19M	20.62M	190.38M	356.06M	453.32M	-30.08M
Operating Margin %	0.07%	0.03%	0.08%	0.1%	0.03%	0.01%	0.04%	0.05%	0.06%	-0.01%
Operating Income Growth %	-0.32%	-0.62%	1.89%	0.35%	-0.7%	-0.81%	8.23%	0.87%	0.27%	-1.07%
EBITDA+	341.59M	189.01M	368.62M	493.91M	289.82M	237.77M	473.15M	600.48M	760.36M	471.36M
EBITDA Margin %	0.1%	0.07%	0.11%	0.13%	0.09%	0.07%	0.09%	0.08%	0.1%	0.08%
EBITDA Growth %	-0.24%	-0.45%	0.95%	0.34%	-0.41%	-0.18%	0.99%	0.27%	0.27%	-0.38%
D&A (Non-Cash Add-back)	94.22M	95.85M	99.27M	129.26M	178.62M	217.15M	282.77M	244.42M	307.04M	501.44M
EBIT	277.62M	157.38M	252.49M	404.52M	261M	206.36M	196.62M	430.73M	522.62M	55.17M
Net Interest Income+	-37.32M	-59.49M	-107.49M	-94.83M	-69.29M	-62.57M	-47.1M	-33.65M	-62.48M	-49M
Interest Income	16.83M	10.24M	10.48M	11.21M	12.04M	9.31M	11.05M	40.62M	51.62M	88.47M
Interest Expense	54.15M	69.72M	117.97M	106.03M	81.33M	71.87M	58.15M	74.27M	114.1M	137.47M
Other Income/Expense	-23.9M	11.54M	-105.37M	-63.6M	-79.21M	-85.95M	-44.66M	15.85M	-30.18M	-64.36M
Pretax Income+	223.47M	87.66M	134.52M	298.49M	179.67M	134.48M	145.72M	371.91M	423.13M	-94.44M
Pretax Margin %	0.06%	0.03%	0.04%	0.08%	0.06%	0.04%	0.03%	0.05%	0.06%	-0.02%
Income Tax+	49.51M	17.98M	40.95M	61.97M	42.07M	-1.98M	35.84M	73.35M	59.5M	-16.58M
Effective Tax Rate %	0.77%	0.74%	0.74%	0.79%	0.95%	1.09%	0.65%	0.65%	0.65%	-0.38%
Net Income+	171.86M	65.25M	99.57M	237.07M	171.59M	146.7M	95.25M	239.97M	274.19M	36.05M
Net Margin %	0.05%	0.02%	0.03%	0.06%	0.05%	0.04%	0.02%	0.03%	0.04%	0.01%
Net Income Growth %	-0.28%	-0.62%	0.53%	1.38%	-0.28%	-0.15%	-0.35%	1.52%	0.14%	-0.87%
Net Income (Continuing)	173.32M	65.28M	102.98M	242.43M	166.56M	136.47M	109.88M	298.56M	363.63M	-77.86M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	13.54M	14.71M	27.55M	47.37M	31.92M	322.36M	325.36M	365.06M	1.15B	1.33B
EPS (Diluted)+	2.93	1.12	1.69	3.81	2.84	2.38	1.46	3.44	3.87	0.54
EPS Growth %	-0.29%	-0.62%	0.51%	1.25%	-0.25%	-0.16%	-0.39%	1.36%	0.13%	-0.86%
EPS (Basic)	3.08	1.13	1.71	3.88	2.88	2.46	1.55	3.73	4.27	0.54
Diluted Shares Outstanding	60.43M	58.06M	61.55M	62.29M	60.78M	62.31M	68.87M	71.18M	72.19M	66.94M
Basic Shares Outstanding	55.73M	57.52M	58.17M	61.09M	59.63M	59.58M	61.61M	64.32M	65.38M	66.62M
Dividend Payout Ratio	-	-	0.1%	0.01%	0.01%	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	2.26B	3.79B	4.09B	3.07B	2.65B	3.44B	4.77B	5.64B	6.1B	5.52B
Cash & Short-Term Investments	553.08M	511.04M	561.68M	444.3M	1.2B	1.64B	869.83M	981.43M	1.96B	2.25B
Cash Only	553.08M	511.04M	561.68M	444.3M	1.2B	1.64B	869.83M	981.43M	1.94B	2.25B
Short-Term Investments	0	0	0	0	0	0	0	0	19.32M	0
Accounts Receivable	584.2M	478.44M	479.95M	622.23M	592.22M	545.71M	887.54M	1.24B	1.21B	1.49B
Days Sales Outstanding	61.49	61.21	51.67	60.65	67.54	57.29	61.39	60.41	57.99	90.63
Inventory	334.49M	295.37M	346.09M	262.02M	602.05M	878.13M	1.19B	1.52B	1.18B	1.21B
Days Inventory Outstanding	42.23	44.26	45.89	32.21	88.53	115.02	99.64	89.65	67.98	88.19
Other Current Assets	219.47M	2.48B	2B	1.23B	259.09M	377.13M	1.6B	1.65B	1.57B	450.66M
Total Non-Current Assets+	2.15B	1.62B	1.8B	1.82B	2.82B	3.1B	2.62B	3.39B	6.08B	7.99B
Property, Plant & Equipment	1.53B	574.41M	811.2M	939.88M	1.14B	1.34B	1.62B	2.3B	4.28B	5.53B
Fixed Asset Turnover	2.27x	4.97x	4.18x	3.98x	2.82x	2.59x	3.26x	3.25x	1.78x	1.08x
Goodwill	7.61M	7.62M	6.25M	1M	0	0	0	0	0	0
Intangible Assets	113.03M	57.07M	89.64M	80.62M	22.79M	22.43M	18.99M	17.53M	19.73M	31.03M
Long-Term Investments	187.13M	368.46M	414.21M	126.09M	162.75M	80.92M	98.82M	115.78M	277.05M	319.34M
Other Non-Current Assets	221.76M	378.31M	351.23M	549.64M	1.34B	1.48B	645.76M	734.87M	1.24B	1.63B
Total Assets+	4.42B	5.41B	5.89B	4.89B	5.47B	6.54B	7.39B	9.04B	11.9B	13.51B
Asset Turnover	0.79x	0.53x	0.58x	0.77x	0.59x	0.53x	0.71x	0.83x	0.64x	0.44x
Asset Growth %	0.44%	0.22%	0.09%	-0.17%	0.12%	0.2%	0.13%	0.22%	0.32%	0.14%
Total Current Liabilities+	2.66B	3.72B	4.11B	2.95B	3.09B	3.59B	4.04B	5.26B	5.86B	5.67B
Accounts Payable	512.51M	440.12M	402.96M	379.46M	585.6M	514.74M	503M	805.3M	813.68M	1.06B
Days Payables Outstanding	64.71	65.95	53.43	46.64	86.11	67.42	42.03	47.37	46.89	77.68
Short-Term Debt	1.16B	2.49B	1.96B	1.79B	1.78B	2.13B	2.47B	2.94B	2.68B	3.01B
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	909.61M	703.46M	1.7B	739.02M	588.54M	757.22M	245.41M	318.37M	1.95B	1.39B
Current Ratio	0.85x	1.02x	0.99x	1.04x	0.86x	0.96x	1.18x	1.07x	1.04x	0.97x
Quick Ratio	0.73x	0.94x	0.91x	0.95x	0.66x	0.71x	0.89x	0.78x	0.84x	0.76x
Cash Conversion Cycle	39.02	39.52	44.13	46.22	69.96	104.89	119	102.69	79.08	101.13
Total Non-Current Liabilities+	928.42M	786.15M	721.84M	671.46M	950.15M	1.06B	1.22B	1.47B	2.33B	3.7B
Long-Term Debt	756.58M	619.02M	530.82M	471.45M	696.05M	751.17M	748.31M	1.07B	1.65B	2.63B
Capital Lease Obligations	-109.38M	0	-81.7M	-75.78M	20.72M	13.23M	23.21M	25.71M	116.85M	271.85M
Deferred Tax Liabilities	19.03M	23.35M	5.56M	35.7M	56.46M	49.08M	48.15M	66.63M	82.83M	204.83M
Other Non-Current Liabilities	43.44M	143.78M	103.76M	88.53M	176.92M	242.23M	404.08M	308.3M	471.45M	588.07M
Total Liabilities	3.58B	4.51B	4.83B	3.62B	4.04B	4.64B	5.26B	6.73B	8.19B	9.36B
Total Debt+	1.91B	2.43B	2.49B	2.18B	2.5B	2.89B	3.26B	4.04B	4.48B	5.91B
Net Debt	1.36B	1.92B	1.93B	1.74B	1.3B	1.25B	2.39B	3.06B	2.54B	3.66B
Debt / Equity	2.30x	2.71x	2.35x	1.72x	1.75x	1.53x	1.53x	1.75x	1.21x	1.42x
Debt / EBITDA	5.60x	12.88x	6.75x	4.42x	8.63x	12.16x	6.89x	6.73x	5.89x	12.54x
Net Debt / EBITDA	3.98x	10.17x	5.23x	3.52x	4.50x	5.27x	5.05x	5.10x	3.34x	7.76x
Interest Coverage	4.57x	1.34x	2.28x	3.44x	1.37x	0.29x	3.27x	4.79x	3.97x	-0.22x
Total Equity+	832.51M	899.39M	1.06B	1.27B	1.43B	1.89B	2.13B	2.31B	3.71B	4.15B
Equity Growth %	0.14%	0.08%	0.18%	0.2%	0.12%	0.33%	0.12%	0.08%	0.61%	0.12%
Book Value per Share	13.78	15.49	17.22	20.43	23.45	30.38	30.88	32.41	51.32	61.99
Total Shareholders' Equity	818.97M	884.68M	1.03B	1.23B	1.39B	1.57B	1.8B	1.94B	2.56B	2.82B
Common Stock	677.1M	701.28M	702.16M	702.93M	703.81M	687.03M	835.54M	835.54M	835.54M	835.54M
Retained Earnings	218.86M	284.11M	383.68M	622.02M	793.6M	940.3M	1.04B	1.28B	1.55B	1.59B
Treasury Stock	0	0	0	0	-11.85M	0	0	0	0	0
Accumulated OCI	-59.86M	-91.81M	-54.03M	-110.15M	-109.61M	-28.68M	-50.58M	-170.55M	-118.74M	-196.38M
Minority Interest	13.54M	14.71M	27.55M	47.37M	31.92M	322.36M	325.36M	365.06M	1.15B	1.33B

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	413.66M	-278.07M	203.92M	216.28M	600.11M	-120.54M	-408.25M	916.63M	684.62M	-885.32M
Operating CF Margin %	0.12%	-0.1%	0.06%	0.06%	0.19%	-0.03%	-0.08%	0.12%	0.09%	-0.15%
Operating CF Growth %	0.56%	-1.67%	1.73%	0.06%	1.77%	-1.2%	-2.39%	3.25%	-0.25%	-2.29%
Net Income	173.32M	65.28M	102.98M	242.43M	166.56M	147.25M	109.88M	298.56M	363.63M	-77.86M
Depreciation & Amortization	94.22M	95.85M	99.27M	129.26M	159.72M	209.12M	282.77M	234.56M	307.04M	501.44M
Stock-Based Compensation	5.97M	7.76M	9.31M	10.26M	10.68M	12.35M	8.81M	9.37M	55.34M	21.4M
Deferred Taxes	73.2M	-19.08M	17.43M	-4.13M	53.66M	18.53M	-6.52M	16.91M	-17.91M	-98.2M
Other Non-Cash Items	15.64M	7.55M	11.61M	15.16M	-6.5M	52.64M	83.56M	72.12M	166.25M	419.89M
Working Capital Changes	51.33M	-435.42M	-36.69M	-176.69M	215.99M	-560.42M	-886.75M	285.12M	-189.74M	-1.65B
Change in Receivables	-63.35M	-33.06M	46.34M	-179.61M	51.67M	65.38M	-284.79M	-357.28M	9.43M	-329.18M
Change in Inventory	50.82M	-50.56M	-49.02M	55.41M	-312.78M	-180.97M	-518.74M	-406.34M	182.77M	-312.52M
Change in Payables	-23.98M	61.16M	-27.76M	47.76M	209.18M	-89.18M	11.02M	351.54M	13.12M	268.21M
Cash from Investing+	-999.1M	-1.04B	-341.21M	29.07M	-294.1M	-319.66M	-429.57M	-630.49M	-1.67B	-1.96B
Capital Expenditures	-642.77M	-1.11B	-310.68M	-316.28M	-291.18M	-334.94M	-429.5M	-628M	-1.53B	-1.87B
CapEx % of Revenue	0.19%	0.39%	0.09%	0.08%	0.09%	0.1%	0.08%	0.08%	0.2%	0.31%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	2.21M	301.62M	-58.05M	17.8M	6.14M	-15.28M	76.64M	9.78M	-23.1M	12.53M
Cash from Financing+	619.48M	1.3B	165.28M	-463.61M	-34.61M	823.5M	614.07M	428.64M	2.05B	2.32B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	-9.58M	-3.01M	-1.12M	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-20.6M	413.67M	13.12M	213.74M	1.19M	305.13M	-7.3M	-14.49M	1.02B	179.89M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-229.11M	-1.39B	-106.75M	-100M	308.93M	-455.48M	-837.75M	288.63M	-840.85M	-2.76B
FCF Margin %	-0.07%	-0.49%	-0.03%	-0.03%	0.1%	-0.13%	-0.16%	0.04%	-0.11%	-0.46%
FCF Growth %	-2.15%	-5.07%	0.92%	0.06%	4.09%	-2.47%	-0.84%	1.34%	-3.91%	-2.28%
FCF per Share	-3.79	-23.93	-1.73	-1.61	5.08	-7.31	-12.16	4.05	-11.65	-41.17
FCF Conversion (FCF/Net Income)	2.41x	-4.26x	2.05x	0.91x	3.50x	-0.82x	-4.29x	3.82x	2.50x	-24.56x
Interest Paid	49.62M	70.83M	113.51M	103.24M	85.36M	78.75M	71.01M	76.51M	121.67M	130.96M
Taxes Paid	87.35M	187.88M	45.48M	32.13M	40.45M	38.19M	57.4M	77.4M	83.08M	113.91M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	22%	7.54%	10.16%	20.33%	12.72%	8.84%	4.74%	10.83%	9.12%	0.92%
Return on Invested Capital (ROIC)	10.97%	2.79%	6.95%	9.12%	2.9%	0.53%	3.73%	5.4%	5.86%	-0.32%
Gross Margin	16.63%	14.62%	18.81%	20.7%	22.45%	19.85%	17.23%	16.91%	16.81%	16.67%
Net Margin	4.96%	2.29%	2.94%	6.33%	5.36%	4.22%	1.8%	3.21%	3.6%	0.6%
Debt / Equity	2.30x	2.71x	2.35x	1.72x	1.75x	1.53x	1.53x	1.75x	1.21x	1.42x
Interest Coverage	4.57x	1.34x	2.28x	3.44x	1.37x	0.29x	3.27x	4.79x	3.97x	-0.22x
FCF Conversion	2.41x	-4.26x	2.05x	0.91x	3.50x	-0.82x	-4.29x	3.82x	2.50x	-24.56x
Revenue Growth	17.12%	-17.72%	18.83%	10.44%	-14.53%	8.62%	51.8%	41.53%	1.94%	-21.28%

Revenue by Segment

	2014	2015	2016	2017	2018	2019	2020	2022	2023	2024
Electricity	-	-	-	-	-	3.9M	6.63M	19.1M	43.68M	85.18M
Electricity Growth	-	-	-	-	-	-	69.95%	188.16%	128.71%	95.01%
Energy	-	-	-	-	1.54B	-	-	-	-	-
Energy Growth	-	-	-	-	-	-	-	-	-	-
Module	-	-	-	-	93.25M	-	-	-	-	-
Module Growth	-	-	-	-	-	-	-	-	-	-
Solar Power Products	1.55B	2.3B	2.57B	2.55B	-	-	-	-	-	-
Solar Power Products Growth	-	48.56%	11.74%	-0.86%	-	-	-	-	-	-
Solar Power Projects Construction And Sale	891.92M	558M	22.66M	632.26M	-	-	-	-	-	-
Solar Power Projects Construction And Sale Growth	-	-37.44%	-95.94%	2689.57%	-	-	-	-	-	-
Solar System Kits Product	104.21M	93.41M	86.79M	84.6M	-	-	-	-	-	-
Solar System Kits Product Growth	-	-10.37%	-7.08%	-2.53%	-	-	-	-	-	-
Other Product	93.13M	91.69M	85.03M	82.93M	-	-	-	-	-	-
Other Product Growth	-	-1.55%	-7.26%	-2.47%	-	-	-	-	-	-
Electricity Income	2.86M	32.06M	68.79M	29.24M	-	-	-	-	-	-
Electricity Income Growth	-	1019.75%	114.57%	-57.50%	-	-	-	-	-	-
O And M Services Product	1.54M	3.31M	4.13M	6.94M	-	-	-	-	-	-
O And M Services Product Growth	-	114.36%	24.71%	68.07%	-	-	-	-	-	-
E P C Service Product	316.57M	385.88M	11.99M	2.92M	-	-	-	-	-	-
E P C Service Product Growth	-	21.89%	-96.89%	-75.60%	-	-	-	-	-	-

Revenue by Geography

	2014	2015	2016	2017	2018	2019	2020	2022	2023	2024
The Americas	-	-	-	-	-	-	-	2.79B	2.62B	3.1B
The Americas Growth	-	-	-	-	-	-	-	-	-6.35%	18.64%
United States	-	-	-	-	-	-	-	1.96B	1.49B	2.78B
United States Growth	-	-	-	-	-	-	-	-	-24.34%	86.83%
Asia and other regions	-	-	-	-	-	-	-	2.74B	3.13B	1.8B
Asia and other regions Growth	-	-	-	-	-	-	-	-	14.08%	-42.36%
PRC	-	-	-	-	-	-	-	1.9B	2.15B	1.22B
PRC Growth	-	-	-	-	-	-	-	-	12.93%	-43.27%
Europe	240.26M	333.38M	411.17M	356.14M	698.57M	780.46M	634.55M	1.94B	1.87B	1.09B
Europe Growth	-	38.76%	23.33%	-13.38%	96.15%	11.72%	-18.70%	204.97%	-3.27%	-41.88%
Pakistan	-	-	-	-	-	-	-	73.53M	78.2M	266.08M
Pakistan Growth	-	-	-	-	-	-	-	-	6.35%	240.25%
Spain	-	-	-	-	-	-	-	434.84M	445.32M	221.79M
Spain Growth	-	-	-	-	-	-	-	-	2.41%	-50.20%
Germany	-	-	-	-	-	-	-	322.19M	291.38M	198.23M
Germany Growth	-	-	-	-	-	-	-	-	-9.56%	-31.97%
Brazil	-	-	-	-	-	-	-	623.33M	846.39M	190.93M
Brazil Growth	-	-	-	-	-	-	-	-	35.78%	-77.44%
Britain	-	-	-	-	-	-	-	106.66M	144.99M	185.24M
Britain Growth	-	-	-	-	-	-	-	-	35.94%	27.76%
Japan	-	-	-	-	-	-	-	325.34M	597.19M	150.73M
Japan Growth	-	-	-	-	-	-	-	-	83.56%	-74.76%
Australia	-	-	-	-	-	-	-	393.96M	128.25M	115.12M
Australia Growth	-	-	-	-	-	-	-	-	-67.45%	-10.24%
Other Countries Europe	23.09M	40.17M	89.27M	76.05M	55.73M	66.39M	85.41M	216.59M	192.29M	114.43M
Other Countries Europe Growth	-	73.99%	122.25%	-14.81%	-26.72%	19.13%	28.65%	153.60%	-11.22%	-40.49%
Other Countries America	8.86M	99.15M	46.22M	38.6M	67.16M	60.06M	21.4M	87.93M	112.84M	94.3M
Other Countries America Growth	-	1018.87%	-53.39%	-16.49%	74.00%	-10.58%	-64.38%	310.98%	28.33%	-16.44%
ITALY	-	-	-	-	-	-	-	-	79.04M	81.01M
ITALY Growth	-	-	-	-	-	-	-	-	-	2.49%
South Africa	-	-	-	-	-	-	-	118.46M	218.6M	75.47M
South Africa Growth	-	-	-	-	-	-	-	-	84.53%	-65.48%
Other Countries Asia	55.69M	117.22M	79.86M	48.64M	88.38M	89.54M	118.74M	89.61M	65.81M	50.74M
Other Countries Asia Growth	-	110.49%	-31.87%	-39.09%	81.69%	1.31%	32.60%	-24.53%	-26.56%	-22.90%
India	-	-	-	-	-	-	-	197.77M	91.02M	50.24M
India Growth	-	-	-	-	-	-	-	-	-53.98%	-44.80%
Mexico	-	-	-	-	-	-	-	31.91M	50.88M	42.43M
Mexico Growth	-	-	-	-	-	-	-	-	59.45%	-16.61%
POLAND	-	-	-	-	-	-	-	-	-	27.98M
POLAND Growth	-	-	-	-	-	-	-	-	-	-
Czech	-	-	-	-	-	-	-	79.41M	62.08M	23.67M
Czech Growth	-	-	-	-	-	-	-	-	-21.83%	-61.87%
U.A.E	-	-	-	-	-	-	-	15.97M	22.91M	23.55M
U.A.E Growth	-	-	-	-	-	-	-	-	43.45%	2.75%
ROMANIA	-	-	-	-	-	-	-	31.8M	24.49M	23.54M
ROMANIA Growth	-	-	-	-	-	-	-	-	-22.99%	-3.88%
Netherlands	-	-	-	-	-	-	-	136.38M	81.82M	21.61M
Netherlands Growth	-	-	-	-	-	-	-	-	-40.00%	-73.59%
TAIWAN	-	-	-	-	-	-	-	67.41M	19.37M	21.16M
TAIWAN Growth	-	-	-	-	-	-	-	-	-71.27%	9.22%
PHILIPPINES	-	-	-	-	-	-	-	-	40.61M	18.62M
PHILIPPINES Growth	-	-	-	-	-	-	-	-	-	-54.14%
NORWAY	-	-	-	-	-	-	-	-	139.77M	-
NORWAY Growth	-	-	-	-	-	-	-	-	-	-
Canada	-	-	-	-	-	-	-	49.15M	52.52M	-
Canada Growth	-	-	-	-	-	-	-	-	6.87%	-
IRELAND	-	-	-	-	-	-	-	63.74M	41.61M	-
IRELAND Growth	-	-	-	-	-	-	-	-	-34.72%	-
PUERTO RICO	-	-	-	-	-	-	-	-	37.92M	-
PUERTO RICO Growth	-	-	-	-	-	-	-	-	-	-
Hong Kong	-	-	-	-	-	-	-	46.25M	32.71M	-
Hong Kong Growth	-	-	-	-	-	-	-	-	-29.29%	-
CHILE	-	-	-	-	-	-	-	37.37M	29.66M	-
CHILE Growth	-	-	-	-	-	-	-	-	-20.62%	-
France	-	-	-	-	-	-	-	31.15M	22.34M	-
France Growth	-	-	-	-	-	-	-	-	-28.27%	-
Vietnam	-	-	-	-	-	-	-	9.08M	16.21M	-
Vietnam Growth	-	-	-	-	-	-	-	-	78.54%	-
Thailand	-	-	-	-	-	-	-	9.94M	10.22M	-
Thailand Growth	-	-	-	-	-	-	-	-	2.78%	-
Asia	-	1.38B	1.34B	1.93B	1.57B	1.02B	1.62B	-	-	-
Asia Growth	-	-	-3.31%	43.91%	-18.42%	-35.21%	59.21%	-	-	-
America	1.8B	1.75B	1.1B	1.11B	1.47B	1.4B	1.22B	-	-	-
America Growth	-	-2.53%	-36.94%	0.42%	33.07%	-4.92%	-12.91%	-	-	-
U	604.54M	903.75M	863.5M	628.82M	999.14M	852.23M	696.1M	-	-	-
U Growth	-	49.49%	-4.45%	-27.18%	58.89%	-14.70%	-18.32%	-	-	-
J	623.69M	578.17M	373.4M	476.95M	483.04M	372.69M	560.7M	-	-	-
J Growth	-	-7.30%	-35.42%	27.73%	1.28%	-22.85%	50.45%	-	-	-
C	163.66M	402.18M	585.3M	874.56M	17.41M	317.08M	504.66M	-	-	-
C Growth	-	145.74%	45.53%	49.42%	-98.01%	1721.13%	59.16%	-	-	-
V	-	-	-	-	-	39.27M	289.62M	-	-	-
V Growth	-	-	-	-	-	-	637.55%	-	-	-
E	1.12M	8.25M	22.52M	13.47M	58.81M	78.23M	138.97M	-	-	-
E Growth	-	633.10%	173.05%	-40.17%	336.57%	33.02%	77.65%	-	-	-
D	137.01M	75.91M	132.19M	94.07M	95.51M	109.12M	119.03M	-	-	-
D Growth	-	-44.59%	74.13%	-28.84%	1.54%	14.24%	9.09%	-	-	-
M	-	-	-	-	-	94.45M	118.85M	-	-	-
M Growth	-	-	-	-	-	-	25.83%	-	-	-
N	9.17M	12.86M	36.73M	51.36M	83.47M	68.77M	96.37M	-	-	-
N Growth	-	40.29%	185.65%	39.82%	62.54%	-17.62%	40.14%	-	-	-
I	63.82M	262.54M	292.23M	336.47M	145.87M	70.89M	61.14M	-	-	-
I Growth	-	311.39%	11.31%	15.14%	-56.65%	-51.40%	-13.76%	-	-	-
Z	-	-	-	-	53.74M	93.91M	49.38M	-	-	-
Z Growth	-	-	-	-	-	74.75%	-47.42%	-	-	-
K	-	-	-	-	46.7M	72.55M	25.9M	-	-	-
K Growth	-	-	-	-	-	55.37%	-64.31%	-	-	-
G	59.88M	98.8M	73.27M	48.3M	101.48M	33.16M	8.84M	-	-	-
G Growth	-	65.00%	-25.84%	-34.09%	110.12%	-67.33%	-73.33%	-	-	-
T	-	-	-	24.83M	-	12.75M	6.11M	-	-	-
T Growth	-	-	-	-	-	-	-52.11%	-	-	-
S	18.02M	24.13M	7.62M	97.48M	8.43M	-	-	-	-	-
S Growth	-	33.90%	-68.44%	1180.14%	-91.36%	-	-	-	-	-
Asia And Other Regions	924.88M	-	-	-	-	-	-	-	-	-
Asia And Other Regions Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Canadian Solar Inc. (CSIQ) has a price-to-earnings (P/E) ratio of 40.0x. This suggests investors expect higher future growth.

Growth & Financials

Canadian Solar Inc. (CSIQ) reported $5.90B in revenue for fiscal year 2024. This represents a 211% increase from $1.90B in 2011.

Canadian Solar Inc. (CSIQ) saw revenue decline by 21.3% over the past year.

Yes, Canadian Solar Inc. (CSIQ) is profitable, generating $16.1M in net income for fiscal year 2024 (0.6% net margin).

Dividend & Returns

Canadian Solar Inc. (CSIQ) has a return on equity (ROE) of 0.9%. This is below average, suggesting room for improvement.

Canadian Solar Inc. (CSIQ) had negative free cash flow of $1.51B in fiscal year 2024, likely due to heavy capital investments.

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