Canadian Solar (CSIQ) Free Cash Flow (2012 - 2025)
Canadian Solar (CSIQ) reported Free Cash Flow of $201.3 million for Q4 2025, down 27.72% year-on-year from $278.6 million in Q4 2024, and up 30.14% quarter-over-quarter from $154.7 million in Q3 2025.
Canadian Solar (CSIQ) has 8 years of Free Cash Flow data on file, last reported at $201.3 million in Q4 2025.
- For the quarter ending Q4 2025, Free Cash Flow fell 27.72% year-over-year to $201.3 million; the trailing twelve-month figure through Dec 2025 stood at $709.5 million (up 214.99% YoY), and the FY2025 full-year result was -$1.2 billion, up 39.19% from the prior year.
- Free Cash Flow for Q4 2025 stood at $201.3 million, up from $154.7 million in the prior quarter.
- Across five years, Free Cash Flow topped out at $659.5 million in Q4 2022 and bottomed at -$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.
- Across the five-year window, Free Cash Flow tumbled 107.65% in 2024 and jumped 2049.02% in 2025, its largest moves.
- Tracing CSIQ's Free Cash Flow over 4 years: stood at $659.5 million in 2022, then retreated by 26.45% to $485.1 million in 2023, then slumped by 42.57% to $278.6 million in 2024, then decreased by 27.72% to $201.3 million in 2025.
- According to Business Quant data, Free Cash Flow over the past three periods registered $201.3 million, $154.7 million, and $361.3 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 26.65 Bn | 24.22 Bn | 486.13 Mn | -333.40 Mn |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | 123.32 Mn |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | 201.34 Mn |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | 90.83 Mn |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | -1.73 Mn |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | 10.21 Mn |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | -41.78 Mn |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | -36.93 Mn |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn | - |
| 10 | Tigo Energy | 288.14 Mn | 276.56 Mn | 10.79 Mn | -9.46 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 |
| Jun 30, 2023 | 572.62 Mn |
| Jun 30, 2023 | 572.62 Mn |
| Mar 31, 2023 | 280.20 Mn |
| Mar 31, 2023 | 280.20 Mn |
| Dec 31, 2022 | 659.52 Mn |
| Dec 31, 2022 | 659.52 Mn |
| Sep 30, 2022 | 196.04 Mn |
| Sep 30, 2022 | 196.04 Mn |
| Jun 30, 2022 | 440.89 Mn |
| Jun 30, 2022 | 440.89 Mn |
| Dec 31, 2015 | 218.31 Mn |
| Dec 31, 2015 | 218.31 Mn |
| Dec 31, 2014 | 259.10 Mn |
| Dec 31, 2014 | 259.10 Mn |
| Dec 31, 2013 | -36.43 Mn |
| Dec 31, 2013 | -36.43 Mn |
| Dec 31, 2012 | -66.91 Mn |
| Dec 31, 2012 | -66.91 Mn |