Canadian Solar (CSIQ) Gross Margin (2009 - 2025)
Canadian Solar (CSIQ) reported Gross Margin of 10.22% for Q4 2025, down 405.0% year-on-year from 3.35% in Q4 2024, and down 40.69% quarter-over-quarter from 17.23% in Q3 2025.
Canadian Solar (CSIQ) has 17 years of Gross Margin data on file, last reported at 10.22% in Q4 2025.
- For the quarter ending Q4 2025, Gross Margin fell 405.0% year-over-year to 10.22%; the trailing twelve-month figure through Dec 2025 stood at 18.34% (up 167.0% YoY), and the FY2025 full-year result was 18.34%, up 167.0% from the prior year.
- Gross Margin for Q4 2025 stood at 10.22%, down from 17.23% in the prior quarter.
- Across five years, Gross Margin topped out at 29.82% in Q2 2025 and bottomed at 10.22% in Q4 2025.
- A 5-year average of 16.93% and a median of 17.24% in 2024 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin tumbled 917 bps in 2021 and jumped 1257 bps in 2025, its largest moves.
- Tracing CSIQ's Gross Margin over 5 years: stood at 19.71% in 2021, then retreated by 10 bps to 17.68% in 2022, then dropped by 29 bps to 12.54% in 2023, then rose by 14 bps to 14.27% in 2024, then retreated by 28 bps to 10.22% in 2025.
- According to Business Quant data, Gross Margin over the past three periods registered 10.22%, 17.23%, and 29.82% for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 26.65 Bn | 24.22 Bn | 486.13 Mn | 46.55% |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | 33.77% |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | 10.22% |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | 35.49% |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | 21.99% |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | 75.28% |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | 29.18% |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | 28.20% |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn | 8.32% |
| 10 | Tigo Energy | 288.14 Mn | 276.56 Mn | 10.79 Mn | 42.84% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 10.22% |
| Sep 30, 2025 | 17.23% |
| Jun 30, 2025 | 29.82% |
| Mar 31, 2025 | 11.74% |
| Dec 31, 2024 | 14.27% |
| Sep 30, 2024 | 16.41% |
| Jun 30, 2024 | 17.25% |
| Mar 31, 2024 | 19.02% |
| Dec 31, 2023 | 12.54% |
| Sep 30, 2023 | 16.68% |
| Jun 30, 2023 | 18.64% |
| Mar 31, 2023 | 18.69% |
| Dec 31, 2022 | 17.68% |
| Sep 30, 2022 | 18.76% |
| Jun 30, 2022 | 16.03% |
| Mar 31, 2022 | 14.47% |
| Dec 31, 2021 | 19.71% |
| Sep 30, 2021 | 18.60% |
| Jun 30, 2021 | 12.93% |
| Mar 31, 2021 | 17.86% |
| Dec 31, 2020 | 13.56% |
| Sep 30, 2020 | 19.51% |
| Jun 30, 2020 | 21.16% |
| Mar 31, 2020 | 27.03% |
| Dec 31, 2019 | 24.95% |
| Sep 30, 2019 | 26.18% |
| Jun 30, 2019 | 17.62% |
| Mar 31, 2019 | 22.17% |
| Dec 31, 2018 | 30.11% |
| Sep 30, 2018 | 26.09% |
| Jun 30, 2018 | 24.51% |
| Mar 31, 2018 | 10.10% |
| Dec 31, 2017 | 19.71% |
| Sep 30, 2017 | 17.52% |
| Jun 30, 2017 | 24.24% |
| Mar 31, 2017 | 13.50% |
| Dec 31, 2016 | 7.32% |
| Sep 30, 2016 | 17.84% |
| Jun 30, 2016 | 17.18% |
| Mar 31, 2016 | 15.59% |
| Dec 31, 2015 | 17.89% |
| Sep 30, 2015 | 14.92% |
| Jun 30, 2015 | 15.16% |
| Mar 31, 2015 | 17.77% |
| Dec 31, 2014 | 19.33% |
| Sep 30, 2014 | 22.89% |
| Jun 30, 2014 | 18.95% |
| Mar 31, 2014 | 14.71% |
| Dec 31, 2013 | 19.49% |
| Sep 30, 2013 | 20.41% |
| Jun 30, 2013 | 12.80% |
| Mar 31, 2013 | 9.69% |
| Dec 31, 2012 | 5.04% |
| Sep 30, 2012 | 2.23% |
| Jun 30, 2012 | 12.40% |
| Mar 31, 2012 | 7.69% |
| Dec 31, 2011 | 8.73% |
| Sep 30, 2011 | 2.38% |
| Jun 30, 2011 | 13.22% |
| Mar 31, 2011 | 14.73% |
| Dec 31, 2010 | 17.00% |
| Sep 3, 2010 | 13.00% |
| Jun 30, 2010 | 13.57% |
| Mar 31, 2010 | 12.44% |
| Dec 31, 2009 | 12.38% |
| Sep 30, 2009 | 16.30% |
| Jun 30, 2009 | 20.21% |
| Mar 31, 2009 | -7.87% |