Canadian Solar (CSIQ) FCF Margin (2012 - 2025)
Canadian Solar's (CSIQ) quarterly FCF Margin came in at 16.54% in Q4 2025, down 177.0% YoY from 21.48% in Q4 2024, and up 59.03% on a QoQ basis from 10.4% in Q3 2025.
Canadian Solar (CSIQ) FCF Margin (2012 - 2025) Analysis & Trends
Canadian Solar (CSIQ) has 8 years of FCF Margin data on file, last reported at 16.54% in Q4 2025.
- Quarterly FCF Margin fell 177.0% year-over-year to 16.54% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 12.68% (up 892.0% YoY) and the FY2025 annual result came in at 8.57%, up 1419.0% from the prior year.
- FCF Margin improved to 16.54% in Q4 2025, from 10.4% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 33.45% in Q4 2022 to a low of 2.39% in Q2 2024.
- A 4-year average of 14.62% and a median of 16.54% in 2025 frame the typical range for FCF Margin.
- Annual changes were most pronounced in 2024 — FCF Margin slumped 2661 bps — and 2025, when it soared 2372 bps.
- Tracing CSIQ's FCF Margin over 4 years: stood at 33.45% in 2022, then dropped by 15 bps to 28.5% in 2023, then sank by 36 bps to 18.31% in 2024, then retreated by 10 bps to 16.54% in 2025.
- The last three FCF Margin figures came in at 16.54% (Q4 2025), 10.4% (Q3 2025), and 21.33% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.41 Bn | 21.68 Bn | 605.00 Mn | -24.16% |
| 2 | Nextpower | 13.22 Bn | 12.00 Bn | 335.85 Mn | 11.25% |
| 3 | Enphase Energy | 5.14 Bn | 4.20 Bn | 175.01 Mn | 8.88% |
| 4 | Sunrun | 2.22 Bn | 2.22 Bn | 527.54 Mn | -21.89% |
| 5 | Solaredge Technologies | 1.93 Bn | 1.35 Bn | 95.15 Mn | 3.30% |
| 6 | Shoals Technologies | 1.22 Bn | 1.21 Bn | 49.53 Mn | -0.13% |
| 7 | Canadian Solar | 1.01 Bn | -580.46 Mn | 124.40 Mn | 16.54% |
| 8 | JinkoSolar Holding | 855.21 Mn | -2.45 Bn | 147.66 Mn | - |
| 9 | Array Technologies | 729.32 Mn | 422.02 Mn | 99.60 Mn | 33.22% |
| 10 | Toyo | 179.73 Mn | 103.09 Mn | 47.76 Mn | 26.64% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 16.54% |
| Sep 30, 2025 | 10.40% |
| Jun 30, 2025 | 21.33% |
| Mar 31, 2025 | -0.65% |
| Dec 31, 2024 | 18.31% |
| Sep 30, 2024 | 0.48% |
| Jun 30, 2024 | -2.39% |
| Mar 31, 2024 | -1.61% |
| Dec 31, 2023 | 28.50% |
| Sep 30, 2023 | 25.09% |
| Jun 30, 2023 | 24.22% |
| Mar 31, 2023 | 16.47% |
| Dec 31, 2022 | 33.45% |
| Sep 30, 2022 | 10.14% |
| Jun 30, 2022 | 19.05% |
| Dec 31, 2015 | 19.49% |
| Dec 31, 2014 | 27.10% |
| Dec 31, 2013 | -2.09% |
| Dec 31, 2012 | -1.71% |