Canadian Solar Inc. (CSIQ) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
Loading revenue history...
CSIQ Revenue Growth
Revenue Breakdown (FY 2024)
CSIQ's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
CSIQ Revenue Analysis (2014–2025)
As of May 6, 2026, Canadian Solar Inc. (CSIQ) generated trailing twelve-month (TTM) revenue of $5.60 billion, reflecting significant decline in growth of -20.0% year-over-year. The most recent quarter (Q4 2025) recorded $1.22 billion in revenue, down 18.2% sequentially.
Looking at the longer-term picture, CSIQ's 5-year compound annual growth rate (CAGR) stands at +10.0%, indicating steady revenue expansion. The company achieved its highest annual revenue of $7.61 billion in 2023.
Revenue diversification analysis shows CSIQ's business is primarily driven by Electricity (100%). With over half of revenue concentrated in Electricity, the company maintains significant focus in this area while developing other growth vectors.
When compared to Energy sector peers including FSLR (+27.3% YoY), SPWR (+73.3% YoY), and JKS (-32.7% YoY), CSIQ has underperformed the peer group in terms of revenue growth. Compare CSIQ vs FSLR →
CSIQ Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| CSIQCurrent | $5.6B | -20.0% | +10.0% | -0.5% | |
 FSLR | $5.2B | +27.3% | +14.0% | 32.3% | |
 SPWR | $309M | +73.3% | +59.2% | -2.0% | |
 JKS | $63.7B | -32.7% | +12.6% | -11.1% | |
 DQ | $665M | -22.9% | -0.3% | -40.6% | |
 ARRY | $1.3B | +40.2% | +8.0% | -2.3% |
CSIQ Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $5.60B | -6.6% | $1.03B | 18.3% | $-28,857,000 | -0.5% |
| 2024 | $5.99B | -21.3% | $999.3M | 16.7% | $-30,081,000 | -0.5% |
| 2023 | $7.61B | +1.9% | $1.28B | 16.8% | $453.3M | 6.0% |
| 2022 | $7.47B | +41.5% | $1.26B | 16.9% | $356.1M | 4.8% |
| 2021 | $5.28B | +51.8% | $909.3M | 17.2% | $190.4M | 3.6% |
| 2020 | $3.48B | +8.6% | $689.9M | 19.8% | $220.4M | 6.3% |
| 2019 | $3.20B | -14.5% | $718.5M | 22.4% | $258.9M | 8.1% |
| 2018 | $3.74B | +10.4% | $775.1M | 20.7% | $364.7M | 9.7% |
| 2017 | $3.39B | +18.8% | $637.6M | 18.8% | $269.3M | 7.9% |
| 2016 | $2.85B | -17.7% | $417.2M | 14.6% | $93.2M | 3.3% |
See CSIQ's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs CSIQ Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare CSIQ vs XOM
Side-by-side business, growth, and profitability comparison vs Exxon Mobil Corporation.
Start ComparisonCSIQ — Frequently Asked Questions
Quick answers to the most common questions about buying CSIQ stock.
Is CSIQ's revenue growth accelerating or slowing?
CSIQ revenue declined -20.0% year-over-year, contrasting with the 5-year CAGR of +10.0%. TTM revenue fell to $5.6B. This reverses the prior growth trend.
What is CSIQ's long-term revenue growth rate?
Canadian Solar Inc.'s 5-year revenue CAGR of +10.0% reflects the variable expansion pattern. Current YoY growth of -20.0% is below this long-term average.
How is CSIQ's revenue distributed by segment?
CSIQ reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.