Canadian Solar (CSIQ) Capital Expenditures (2012 - 2025)
Canadian Solar (CSIQ) posted quarterly Capital Expenditures of -$266.4 million for Q4 2025, down 25.59% year-on-year 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 reported Capital Expenditures for 6 consecutive years, with -$266.4 million the latest figure, recorded 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 steadied at -$266.4 million in Q4 2025 per CSIQ's latest filing, from -$266.8 million in the prior quarter.
- Over the last five years, Capital Expenditures for CSIQ reached as high as -$127.4 million in Q3 2022 and fell as low as -$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 sank 139.65% — and 2025, when it soared 55.74%.
- Year by year, Capital Expenditures stood at -$264.1 million in 2022, then declined by 11.73% to -$295.1 million in 2023, then gained by 28.12% to -$212.1 million in 2024, then retreated by 25.59% to -$266.4 million in 2025.
- According to Business Quant data, Capital Expenditures over the past three periods registered -$266.4 million, -$266.8 million, and -$172.7 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capital Expenditures (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.08 Bn | 19.65 Bn | 486.13 Mn | 118.53 Mn |
| 2 | Nextpower | 15.32 Bn | 14.23 Bn | 297.38 Mn | 48.11 Mn |
| 3 | Enphase Energy | 4.98 Bn | 4.05 Bn | 100.39 Mn | 12.04 Mn |
| 4 | JinkoSolar Holding | 3.20 Bn | -107.75 Mn | 147.66 Mn | - |
| 5 | Solaredge Technologies | 2.60 Bn | 2.04 Bn | 68.28 Mn | 26.16 Mn |
| 6 | Sunrun | 2.35 Bn | 687.09 Mn | 407.49 Mn | 409,000.00 |
| 7 | Shoals Technologies | 1.55 Bn | 1.55 Bn | 41.01 Mn | 7.65 Mn |
| 8 | Canadian Solar | 925.64 Mn | 166.07 Mn | 124.40 Mn | -266.38 Mn |
| 9 | Array Technologies | 843.55 Mn | 642.85 Mn | 63.00 Mn | 7.51 Mn |
| 10 | Toyo | 182.74 Mn | 106.10 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 |