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| Date | Value |
|---|---|
| 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 |