Last 47 quarters of trend data · Energy · Solar
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -4.05 | — | — | — | 25.08 | 25.09 | — | 5.79 | — | 64.58 | 26.00 | — | 19.23 | 4.08 | 8.51 | 6.96 | 8.47 | 7.41 | 80.36 | 20.06 | 16.63 |
| — | — | — | — | — | -61.1% | — | — | — | +1482.4% | +205.7% | — | +127.1% | -45.0% | -89.4% | -65.3% | -49.1% | -88.1% | +133.2% | -82.8% | -71.6% | |
| P/S Ratio | 0.15 | 0.23 | 0.22 | 0.33 | 0.15 | 0.11 | 0.12 | 0.13 | 0.19 | 0.15 | 0.25 | 0.25 | 0.24 | 0.29 | 0.42 | 0.28 | 0.34 | 0.24 | 0.46 | 0.36 | 0.49 |
| — | +106.4% | +80.0% | +146.6% | -20.3% | -27.8% | -51.1% | -47.3% | -23.5% | -48.5% | -40.7% | -8.9% | -29.4% | +22.6% | -8.7% | -22.6% | -30.0% | -50.3% | -40.5% | -52.1% | -15.8% | |
| P/B Ratio | 0.18 | 0.26 | 0.22 | 0.38 | 0.20 | 0.18 | 0.14 | 0.20 | 0.28 | 0.26 | 0.36 | 0.47 | 0.50 | 0.81 | 1.17 | 0.96 | 1.26 | 1.05 | 1.07 | 1.04 | 1.19 |
| — | +44.9% | +53.6% | +91.8% | -27.3% | -30.8% | -60.1% | -57.9% | -43.9% | -68.2% | -69.5% | -51.1% | -60.6% | -23.1% | +9.5% | -7.9% | +5.8% | -25.1% | -40.3% | -37.3% | +1.1% | |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — | 1.68 | — | — | — | 4.22 | — | 3.80 | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | -60.2% | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | 77.18 | 30.56 | 29.91 | — | 44.28 | 5.50 | — | 13.77 | 89.65 | 5.51 | 6.20 | 2.09 | 12.75 | 5.28 | 7.67 | 5.12 | 9.60 | 9.59 | 77.96 | 7.12 | 9.42 |
| — | +455.9% | — | — | -50.6% | -0.2% | — | +557.6% | +603.2% | +4.2% | -19.2% | -59.1% | +32.7% | -44.9% | -90.2% | -28.2% | +1.9% | -27.6% | +515.5% | -63.1% | -60.0% | |
| EV / EBIT | 151.12 | — | 29.91 | — | 44.28 | 11.93 | — | — | 89.65 | 12.71 | 11.29 | 44.92 | 12.75 | 5.28 | 11.01 | 7.19 | 9.43 | 9.59 | 77.96 | 12.77 | 26.23 |
| — | — | — | — | -50.6% | -6.2% | — | — | +603.2% | +140.5% | +2.5% | +525.0% | +35.3% | -44.9% | -85.9% | -43.7% | -64.1% | -75.6% | +138.8% | -77.5% | +11.2% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 18.3% | 13.9% | 25.1% | 10.2% | 17.2% | 29.8% | 11.7% | 14.3% | 16.4% | 17.2% | 19.0% | 12.5% | 16.7% | 18.6% | 18.7% | 17.7% | 18.8% | 16.0% | 14.5% | 19.7% | 18.6% |
| — | -53.2% | +114.0% | -28.4% | +5.0% | +72.9% | -38.3% | +13.8% | -1.6% | -7.4% | +1.7% | -29.1% | -11.1% | +16.2% | +29.2% | -10.3% | +0.9% | +24.0% | -19.0% | +45.4% | -4.7% | |
| Operating Margin | 0.8% | -5.9% | 6.8% | -5.3% | 2.3% | 7.5% | -4.6% | -8.4% | 0.0% | 2.9% | 2.7% | -1.2% | 4.5% | 9.5% | 8.6% | 6.9% | 4.6% | 5.0% | 1.2% | 4.4% | 4.3% |
| — | -178.2% | +247.6% | +37.0% | +11825.6% | +158.2% | -272.1% | -604.6% | -99.6% | -69.3% | -68.9% | -117.2% | -2.0% | +88.9% | +589.7% | +56.1% | +6.3% | +171.9% | -68.9% | +1751.6% | -33.1% | |
| Net Margin | -1.9% | -6.4% | -3.0% | -7.1% | 0.6% | 0.4% | -2.8% | 2.2% | -0.9% | 0.2% | 0.9% | -0.1% | 1.2% | 7.2% | 4.9% | 3.9% | 4.1% | 3.2% | 0.7% | 1.7% | 2.9% |
| — | -1597.8% | -4.9% | -418.3% | +164.9% | +81.8% | -405.5% | +2837.8% | -178.5% | -96.7% | -81.1% | -102.1% | -70.8% | +123.5% | +568.2% | +132.4% | +41.6% | +308.5% | -64.8% | +166.4% | +196.7% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -2.5% | -1.8% | -0.7% | -2.0% | 0.2% | 0.2% | -0.8% | 0.8% | -0.4% | 0.1% | 0.3% | -0.0% | 0.6% | 5.8% | 3.5% | 3.5% | 3.7% | 3.5% | 0.4% | 1.2% | 1.8% |
| — | -1131.9% | +9.3% | -341.5% | +159.3% | +72.4% | -347.5% | +2292.3% | -157.3% | -98.3% | -90.5% | -101.1% | -83.3% | +65.4% | +719.2% | +182.0% | +110.5% | +496.4% | -64.4% | +248.9% | +235.8% | |
| ROA | -0.7% | -0.5% | -0.2% | -0.6% | 0.1% | 0.1% | -0.2% | 0.2% | -0.1% | 0.0% | 0.1% | -0.0% | 0.2% | 1.6% | 0.9% | 0.9% | 0.9% | 0.9% | 0.1% | 0.3% | 0.5% |
| — | -1069.7% | +15.7% | -329.1% | +155.5% | +60.6% | -343.5% | +2188.2% | -155.9% | -98.1% | -88.5% | -101.4% | -79.0% | +81.8% | +659.8% | +151.9% | +89.5% | +447.4% | -65.7% | +235.1% | +214.9% | |
| ROIC | 0.4% | -0.5% | 0.5% | -0.5% | 0.3% | 1.0% | -0.5% | -1.2% | 0.0% | 0.6% | 0.5% | -0.3% | 1.0% | 2.7% | 2.2% | 2.3% | 1.3% | 1.7% | 0.3% | 1.2% | 0.9% |
| — | -149.5% | +207.8% | +60.6% | +8509.7% | +82.7% | -203.6% | -361.9% | -99.7% | -78.9% | -78.3% | -111.6% | -25.3% | +58.9% | +765.9% | +87.4% | +39.8% | +241.3% | -73.0% | +2102.7% | -26.2% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.80 | 1.72 | 1.82 | 1.80 | 1.70 | 1.71 | 1.59 | 1.42 | 1.48 | 1.28 | 1.40 | 1.21 | 1.25 | 1.43 | 1.87 | 1.12 | 1.88 | 1.88 | 1.85 | 1.56 | 1.54 |
| — | +1.0% | +14.0% | +26.3% | +14.6% | +33.5% | +13.6% | +17.9% | +18.3% | -10.8% | -25.1% | +8.0% | -33.4% | -23.8% | +1.4% | -28.2% | +22.2% | +24.8% | +16.4% | +1.9% | -2.4% | |
| Debt / EBITDA | 12.84 | 128.83 | 127.86 | — | 201.07 | 26.08 | — | 72.76 | 434.82 | 29.07 | 35.60 | 11.47 | 52.45 | 18.31 | 21.32 | 13.89 | 27.52 | 29.69 | 228.49 | 23.09 | 25.22 |
| — | +394.0% | — | — | -53.8% | -10.3% | — | +534.6% | +729.0% | +58.8% | +67.0% | -17.4% | +90.6% | -38.3% | -90.7% | -39.9% | +9.1% | -7.4% | +710.5% | -54.7% | -63.6% | |
| Current Ratio | 0.93 | 1.02 | 1.06 | 0.93 | 1.07 | 1.09 | 1.07 | 0.97 | 1.06 | 0.94 | 0.98 | 0.99 | 1.16 | 1.22 | 1.04 | 1.07 | 1.17 | 1.20 | 1.20 | 1.03 | 1.19 |
| — | -6.3% | -0.7% | -4.8% | +0.8% | +16.8% | +9.8% | -1.7% | -8.6% | -23.2% | -6.0% | -7.6% | -0.5% | +1.7% | -13.0% | +3.8% | -1.6% | +6.3% | +5.1% | +8.0% | -4.1% | |
| Quick Ratio | 0.70 | 0.78 | 0.81 | 0.70 | 0.86 | 0.87 | 0.80 | 0.76 | 0.85 | 0.72 | 0.71 | 0.76 | 0.91 | 0.96 | 0.75 | 0.78 | 0.84 | 0.86 | 0.85 | 0.68 | 0.90 |
| — | -10.5% | +1.3% | -8.5% | +1.2% | +21.3% | +13.5% | +0.6% | -6.4% | -25.2% | -5.9% | -3.3% | +8.1% | +12.2% | -11.9% | +14.7% | -6.1% | +2.9% | -4.8% | -4.2% | -13.9% | |
| Interest Coverage | 0.21 | -1.12 | 1.17 | -1.45 | 0.83 | 2.81 | -1.36 | -3.16 | 0.40 | 2.23 | 2.29 | 0.55 | 2.89 | 8.84 | 7.27 | 6.55 | 7.73 | 6.79 | 1.13 | 5.15 | 3.39 |
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Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying CSIQ stock.
Canadian Solar Inc.'s current P/E is -4.1x. The average P/E over the last 1 quarters is 25.1x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Canadian Solar Inc.'s current operating margin is 0.8%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Canadian Solar Inc.'s business trajectory between earnings reports.