Canadian Solar (CSIQ) Gross Margin (2009 - 2026)
Canadian Solar (CSIQ) recorded Gross Margin of 13.95% in Q2 2026, down 15.87 percentage points from 29.82% a year earlier and down 11.18 percentage points from the prior quarter.
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Analysis
Canadian Solar (CSIQ) Gross Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Canadian Solar's Gross Margin came in at 16.43% as of Jun 30, 2026, down 2.32 percentage points year-over-year; for FY2025, it was 18.34%, up 1.67 percentage points from FY2024.
- Annual Gross Margin has a five-year change of -1.50 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at 16.67% in FY2024 (-0.14 pp), 16.81% in FY2023 (-0.10 pp), 16.91% in FY2022 (-0.32 pp) and 17.23% in FY2021 (-2.61 pp).
- Quarterly Gross Margin has ranged from 10.22% in Q4 2025 to 29.82% in Q2 2025 over the past five years.
- On a year-over-year basis, Gross Margin rose in four of the last eight quarters, with an average year-over-year change of +0.13 percentage points.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 13.38 percentage points in Q1 2026, against a drop of 15.87 percentage points in Q2 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at 25.13% (Q1 2026), 10.22% (Q4 2025) and 17.23% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 252.99 Bn | 214.06 Bn | 2.36 Bn | 21.25% |
| 2 | Bloom Energy | 81.25 Bn | 73.07 Bn | 355.57 Mn | 33.38% |
| 3 | First Solar | 18.82 Bn | 9.78 Bn | 605.00 Mn | 57.28% |
| 4 | BWX Technologies | 12.55 Bn | 10.85 Bn | 202.31 Mn | 22.44% |
| 5 | Generac Holdings | 12.21 Bn | 11.04 Bn | 521.81 Mn | 44.47% |
| 6 | Nextpower | 11.82 Bn | 7.71 Bn | 335.85 Mn | 35.91% |
| 7 | EnerSys | 6.67 Bn | 4.86 Bn | 313.36 Mn | 33.49% |
| 8 | Enphase Energy | 4.36 Bn | -500.13 Mn | 175.01 Mn | 59.97% |
| 9 | Mirion Technologies | 3.45 Bn | 1.34 Bn | 133.10 Mn | 49.89% |
| 10 | Canadian Solar | 781.17 Mn | -5.03 Bn | 168.48 Mn | 13.95% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 13.95% |
| Mar 31, 2026 | 25.13% |
| 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% |
API Access
Canadian Solar Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=CSIQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "CSIQ", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=CSIQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();