Canadian Solar (CSIQ) FCF Margin (2012 - 2025)
Canadian Solar (CSIQ) recorded quarterly FCF Margin of 16.54% in Q4 2025, up 59.03% on a QoQ basis from 10.4% in Q3 2025, and down 177.0% year-over-year from 21.48% in Q4 2024.
Canadian Solar (CSIQ) FCF Margin (2012 - 2025) Analysis & Trends
Canadian Solar has disclosed FCF Margin across 8 years of filings, most recently posting 16.54% for 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 21.72%, up 1162.0% from the prior year.
- FCF Margin advanced to 16.54% in Q4 2025, from 10.4% in the prior quarter.
- Over five years, FCF Margin peaked at 33.45% in Q4 2022 and troughed at 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 fell by 15 bps to 28.5% in 2023, then tumbled by 36 bps to 18.31% in 2024, then slipped by 10 bps to 16.54% in 2025.
- Business Quant data shows CSIQ's FCF Margin at 16.54% in Q4 2025, 10.4% in Q3 2025, and 21.33% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 28.68 Bn | 26.25 Bn | 486.13 Mn | -31.93% |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | 14.00% |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | 32.11% |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | -0.56% |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | 1.41% |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | -29.72% |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | -16.53% |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn | - |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn | -37.55% |
| 10 | Canadian Solar | 41,875.00 | 578.43 Mn | 124.40 Mn | 16.54% |
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 | -7.01% |
| Dec 31, 2012 | -22.69% |