Canadian Solar (CSIQ) EBITDA (2009 - 2025)
Canadian Solar's (CSIQ) quarterly EBITDA came in at -$64.1 million in Q4 2025, up 49.6% YoY from -$42.8 million in Q4 2024, and down 285.21% on a QoQ basis from $34.6 million in Q3 2025.
Canadian Solar (CSIQ) EBITDA (2009 - 2025) Analysis & Trends
Canadian Solar (CSIQ) has 17 years of EBITDA data on file, last reported at -$64.1 million in Q4 2025.
- Quarterly EBITDA rose 49.6% year-over-year to -$64.1 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $43.2 million (up 243.47% YoY) and the FY2025 annual result came in at $43.2 million, up 243.47% from the prior year.
- EBITDA eased to -$64.1 million in Q4 2025, from $34.6 million in the prior quarter.
- In the past five years, EBITDA ranged from a high of $224.1 million in Q2 2023 to a low of -$127.1 million in Q4 2024.
- A 5-year average of $50.6 million and a median of $48.4 million in 2024 frame the typical range for EBITDA.
- Annual changes were most pronounced in 2024 — EBITDA plunged 22127.21% — and 2025, when it jumped 11664.97%.
- Tracing CSIQ's EBITDA over 5 years: stood at $67.4 million in 2021, then jumped by 101.35% to $135.8 million in 2022, then tumbled by 99.57% to $577000.0 in 2023, then sank by 22127.21% to -$127.1 million in 2024, then surged by 49.6% to -$64.1 million in 2025.
- The last three EBITDA figures came in at -$64.1 million (Q4 2025), $34.6 million (Q3 2025), and $127.4 million (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 450.39 Mn |
| 2 | Nextpower | 13.03 Bn | 11.82 Bn | 335.85 Mn | 190.91 Mn |
| 3 | Enphase Energy | 5.10 Bn | 4.16 Bn | 175.01 Mn | 51.52 Mn |
| 4 | Sunrun | 2.19 Bn | 2.19 Bn | 527.54 Mn | 34.79 Mn |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | -16.05 Mn |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | 21.42 Mn |
| 7 | Canadian Solar | 985.60 Mn | -602.69 Mn | 124.40 Mn | -64.06 Mn |
| 8 | JinkoSolar Holding | 833.21 Mn | -2.48 Bn | 147.66 Mn | -84.91 Mn |
| 9 | Array Technologies | 727.02 Mn | 419.71 Mn | 99.60 Mn | 37.47 Mn |
| 10 | Toyo | 181.99 Mn | 105.35 Mn | 47.76 Mn | 36.27 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -64.06 Mn |
| Sep 30, 2025 | 34.59 Mn |
| Jun 30, 2025 | 127.43 Mn |
| Mar 31, 2025 | -54.81 Mn |
| Dec 31, 2024 | -127.10 Mn |
| Sep 30, 2024 | 294,000.00 |
| Jun 30, 2024 | 47.65 Mn |
| Mar 31, 2024 | 49.07 Mn |
| Dec 31, 2023 | 577,000.00 |
| Sep 30, 2023 | 83.02 Mn |
| Jun 30, 2023 | 224.12 Mn |
| Mar 31, 2023 | 145.60 Mn |
| Dec 31, 2022 | 135.76 Mn |
| Sep 30, 2022 | 88.67 Mn |
| Jun 30, 2022 | 116.12 Mn |
| Mar 31, 2022 | 15.52 Mn |
| Dec 31, 2021 | 67.43 Mn |
| Sep 30, 2021 | 53.09 Mn |
| Jun 30, 2021 | 26.38 Mn |
| Mar 31, 2021 | 43.48 Mn |