Canadian Solar (CSIQ) Free Cash Flow (2012 - 2025)
Canadian Solar's (CSIQ) quarterly Free Cash Flow came in at $201.3 million in Q4 2025, down 27.72% YoY from $278.6 million in Q4 2024, and up 30.14% on a QoQ basis from $154.7 million in Q3 2025.
Canadian Solar (CSIQ) Free Cash Flow (2012 - 2025) Analysis & Trends
Canadian Solar (CSIQ) has 8 years of Free Cash Flow data on file, last reported at $201.3 million in Q4 2025.
- Quarterly Free Cash Flow fell 27.72% year-over-year to $201.3 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $709.5 million (up 214.99% YoY) and the FY2025 annual result came in at -$479.4 million, up 64.85% from the prior year.
- Free Cash Flow improved to $201.3 million in Q4 2025, from $154.7 million in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $659.5 million in Q4 2022 to a low of -$39.1 million in Q2 2024.
- A 4-year average of $268.8 million and a median of $278.6 million in 2024 frame the typical range for Free Cash Flow.
- Annual changes were most pronounced in 2024 — Free Cash Flow sank 107.65% — and 2025, when it jumped 2049.02%.
- Tracing CSIQ's Free Cash Flow over 4 years: stood at $659.5 million in 2022, then dropped by 26.45% to $485.1 million in 2023, then sank by 42.57% to $278.6 million in 2024, then declined by 27.72% to $201.3 million in 2025.
- The last three Free Cash Flow figures came in at $201.3 million (Q4 2025), $154.7 million (Q3 2025), and $361.3 million (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | -255.15 Mn |
| 2 | Nextpower | 13.03 Bn | 11.82 Bn | 335.85 Mn | 105.16 Mn |
| 3 | Enphase Energy | 5.10 Bn | 4.16 Bn | 175.01 Mn | 25.93 Mn |
| 4 | Sunrun | 2.19 Bn | 2.19 Bn | 527.54 Mn | -190.47 Mn |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | 11.42 Mn |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | -207,000.00 |
| 7 | Canadian Solar | 985.60 Mn | -602.69 Mn | 124.40 Mn | 201.34 Mn |
| 8 | JinkoSolar Holding | 833.21 Mn | -2.48 Bn | 147.66 Mn | - |
| 9 | Array Technologies | 727.02 Mn | 419.71 Mn | 99.60 Mn | 113.65 Mn |
| 10 | Toyo | 181.99 Mn | 105.35 Mn | 47.76 Mn | 38.03 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 201.34 Mn |
| Dec 31, 2025 | 201.34 Mn |
| Sep 30, 2025 | 154.71 Mn |
| Sep 30, 2025 | 154.71 Mn |
| Jun 30, 2025 | 361.29 Mn |
| Jun 30, 2025 | 361.29 Mn |
| Mar 31, 2025 | -7.82 Mn |
| Mar 31, 2025 | -7.82 Mn |
| Dec 31, 2024 | 278.56 Mn |
| Dec 31, 2024 | 278.56 Mn |
| Sep 30, 2024 | 7.20 Mn |
| Sep 30, 2024 | 7.20 Mn |
| Jun 30, 2024 | -39.09 Mn |
| Jun 30, 2024 | -39.09 Mn |
| Mar 31, 2024 | -21.43 Mn |
| Mar 31, 2024 | -21.43 Mn |
| Dec 31, 2023 | 485.08 Mn |
| Dec 31, 2023 | 485.08 Mn |
| Sep 30, 2023 | 463.17 Mn |
| Sep 30, 2023 | 463.17 Mn |