Canadian Solar (CSIQ) Capital Expenditures (2012 - 2025)

Canadian Solar (CSIQ) recorded quarterly Capital Expenditures of -$266.4 million in Q4 2025, little changed on a QoQ basis from -$266.8 million in Q3 2025, and down 25.59% year-over-year from -$358.0 million in Q4 2024.

Canadian Solar (CSIQ) Capital Expenditures (2012 - 2025) Analysis & Trends

Canadian Solar has disclosed Capital Expenditures across 6 years of filings, most recently posting -$266.4 million for Q4 2025.

  • Quarterly Capital Expenditures fell 25.59% year-over-year to -$266.4 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$962.3 million (up 13.36% YoY) and the FY2025 annual result came in at $962.3 million, down 13.53% from the prior year.
  • Capital Expenditures steadied at -$266.4 million in Q4 2025, from -$266.8 million in the prior quarter.
  • Over five years, Capital Expenditures peaked at -$127.4 million in Q3 2022 and troughed at -$390.2 million in Q2 2024.
  • A 4-year average of -$248.6 million and a median of -$264.1 million in 2022 frame the typical range for Capital Expenditures.
  • Annual changes were most pronounced in 2023 — Capital Expenditures slumped 139.65% — and 2025, when it surged 55.74%.
  • Tracing CSIQ's Capital Expenditures over 4 years: stood at -$264.1 million in 2022, then dropped by 11.73% to -$295.1 million in 2023, then rose by 28.12% to -$212.1 million in 2024, then fell by 25.59% to -$266.4 million in 2025.
  • Business Quant data shows CSIQ's Capital Expenditures at -$266.4 million in Q4 2025, -$266.8 million in Q3 2025, and -$172.7 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Capital Expenditures (Qtr)
1 First Solar 28.68 Bn 26.25 Bn 486.13 Mn 118.53 Mn
2 Nextpower 18.03 Bn 16.93 Bn 297.38 Mn 48.11 Mn
3 Enphase Energy 7.16 Bn 6.23 Bn 100.39 Mn 12.04 Mn
4 Solaredge Technologies 3.68 Bn 3.13 Bn 68.28 Mn 26.16 Mn
5 Sunrun 3.02 Bn 3.91 Bn 543.70 Mn 409,000.00
6 Shoals Technologies 1.75 Bn 1.75 Bn 41.01 Mn 329,000.00
7 Array Technologies 1.19 Bn 987.00 Mn 63.00 Mn 7.51 Mn
8 JinkoSolar Holding 596.69 Mn 2.20 Bn 147.66 Mn -
9 Tigo Energy 209.39 Mn 197.82 Mn 10.79 Mn 209,000.00
10 Canadian Solar 41,875.00 578.43 Mn 124.40 Mn -266.38 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 -266.38 Mn
Dec 31, 2025 -266.38 Mn
Sep 30, 2025 -266.77 Mn
Sep 30, 2025 -266.77 Mn
Jun 30, 2025 -172.73 Mn
Jun 30, 2025 -172.73 Mn
Mar 31, 2025 -256.38 Mn
Mar 31, 2025 -256.38 Mn
Dec 31, 2024 -212.10 Mn
Dec 31, 2024 -212.10 Mn
Sep 30, 2024 -238.16 Mn
Sep 30, 2024 -238.16 Mn
Jun 30, 2024 -390.25 Mn
Jun 30, 2024 -390.25 Mn
Mar 31, 2024 -270.06 Mn
Mar 31, 2024 -270.06 Mn
Dec 31, 2023 -295.09 Mn
Dec 31, 2023 -295.09 Mn
Sep 30, 2023 -305.28 Mn
Sep 30, 2023 -305.28 Mn