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
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