Canadian Solar (CSIQ) Capital Expenditures (2012 - 2025)
Canadian Solar's (CSIQ) quarterly Capital Expenditures came in at -$266.4 million in Q4 2025, down 25.59% YoY from -$358.0 million in Q4 2024, and little changed on a QoQ basis from -$266.8 million in Q3 2025.
Canadian Solar (CSIQ) Capital Expenditures (2012 - 2025) Analysis & Trends
Canadian Solar (CSIQ) has 6 years of Capital Expenditures data on file, last reported at -$266.4 million in 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 $226.7 million, down 52.63% from the prior year.
- Capital Expenditures was little changed at -$266.4 million in Q4 2025, from -$266.8 million in the prior quarter.
- In the past five years, Capital Expenditures ranged from a high of -$127.4 million in Q3 2022 to a low of -$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 decreased by 11.73% to -$295.1 million in 2023, then grew by 28.12% to -$212.1 million in 2024, then dropped by 25.59% to -$266.4 million in 2025.
- The last three Capital Expenditures figures came in at -$266.4 million (Q4 2025), -$266.8 million (Q3 2025), and -$172.7 million (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 110.25 Mn |
| 2 | Nextpower | 13.03 Bn | 11.82 Bn | 335.85 Mn | 15.90 Mn |
| 3 | Enphase Energy | 5.10 Bn | 4.16 Bn | 175.01 Mn | 14.39 Mn |
| 4 | Sunrun | 2.19 Bn | 2.19 Bn | 527.54 Mn | 4.29 Mn |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | - |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | 7.02 Mn |
| 7 | Canadian Solar | 985.60 Mn | -602.69 Mn | 124.40 Mn | -266.38 Mn |
| 8 | JinkoSolar Holding | 833.21 Mn | -2.48 Bn | 147.66 Mn | - |
| 9 | Array Technologies | 727.02 Mn | 419.71 Mn | 99.60 Mn | 7.63 Mn |
| 10 | Toyo | 181.99 Mn | 105.35 Mn | 47.76 Mn | -4.59 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 |