Canadian Solar (CSIQ) FCF Margin (2012 - 2025)

Canadian Solar (CSIQ) posted quarterly FCF Margin of 16.54% for Q4 2025, down 177.0% year-on-year 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 reported FCF Margin for 8 consecutive years, with 16.54% the latest figure, recorded 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 advanced to 16.54% in Q4 2025 per CSIQ's latest filing, from 10.4% in the prior quarter.
  • Over the last five years, FCF Margin for CSIQ reached as high as 33.45% in Q4 2022 and fell as low as 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 sank 2661 bps — and 2025, when it jumped 2372 bps.
  • Year by year, FCF Margin stood at 33.45% in 2022, then retreated by 15 bps to 28.5% in 2023, then slumped by 36 bps to 18.31% in 2024, then dropped by 10 bps to 16.54% in 2025.
  • According to Business Quant data, FCF Margin over the past three periods registered 16.54%, 10.4%, and 21.33% for Q4 2025, Q3 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 First Solar 22.08 Bn 19.65 Bn 486.13 Mn -31.93%
2 Nextpower 15.32 Bn 14.23 Bn 297.38 Mn 14.00%
3 Enphase Energy 4.98 Bn 4.05 Bn 100.39 Mn 32.11%
4 JinkoSolar Holding 3.20 Bn -107.75 Mn 147.66 Mn -
5 Solaredge Technologies 2.60 Bn 2.04 Bn 68.28 Mn -0.56%
6 Sunrun 2.35 Bn 687.09 Mn 407.49 Mn 1.41%
7 Shoals Technologies 1.55 Bn 1.55 Bn 41.01 Mn -34.93%
8 Canadian Solar 925.64 Mn 166.07 Mn 124.40 Mn 16.54%
9 Array Technologies 843.55 Mn 642.85 Mn 63.00 Mn -16.53%
10 Toyo 182.74 Mn 106.10 Mn 47.76 Mn 26.64%

Historic Data

Download Data
DateValue
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%