Canadian Solar (CSIQ) Net Margin (2009 - 2025)
Canadian Solar's (CSIQ) quarterly Net Margin came in at 7.09% in Q4 2025, down 932.0% YoY from 0.85% in Q4 2024, and down 1274.08% on a QoQ basis from 0.6% in Q3 2025.
Canadian Solar (CSIQ) Net Margin (2009 - 2025) Analysis & Trends
Canadian Solar (CSIQ) has 17 years of Net Margin data on file, last reported at 7.09% in Q4 2025.
- Quarterly Net Margin fell 932.0% year-over-year to 7.09% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 1.86% (down 246.0% YoY) and the FY2025 annual result came in at 1.86%, down 246.0% from the prior year.
- Net Margin slipped to 7.09% in Q4 2025, from 0.6% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 7.19% in Q2 2023 to a low of 7.09% in Q4 2025.
- A 5-year average of 1.32% and a median of 1.06% in 2023 frame the typical range for Net Margin.
- Annual changes were most pronounced in 2021 — Net Margin slumped 1131 bps — and 2023, when it jumped 418 bps.
- Tracing CSIQ's Net Margin over 5 years: stood at 1.7% in 2021, then soared by 132 bps to 3.95% in 2022, then plunged by 98 bps to 0.08% in 2023, then jumped by 2637 bps to 2.23% in 2024, then sank by 418 bps to 7.09% in 2025.
- The last three Net Margin figures came in at 7.09% (Q4 2025), 0.6% (Q3 2025), and 0.42% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 40.01% |
| 2 | Nextpower | 13.25 Bn | 12.03 Bn | 335.85 Mn | 17.68% |
| 3 | Enphase Energy | 5.07 Bn | 4.13 Bn | 175.01 Mn | 12.36% |
| 4 | Sunrun | 2.24 Bn | 2.24 Bn | 527.54 Mn | -23.93% |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | -8.88% |
| 6 | Shoals Technologies | 1.24 Bn | 1.22 Bn | 49.53 Mn | 7.43% |
| 7 | Canadian Solar | 991.33 Mn | -596.96 Mn | 124.40 Mn | -7.09% |
| 8 | JinkoSolar Holding | 831.90 Mn | -2.48 Bn | 147.66 Mn | 129.61% |
| 9 | Array Technologies | 727.79 Mn | 420.48 Mn | 99.60 Mn | 2.47% |
| 10 | Toyo | 170.12 Mn | 93.48 Mn | 47.76 Mn | 19.90% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -7.09% |
| Sep 30, 2025 | 0.60% |
| Jun 30, 2025 | 0.42% |
| Mar 31, 2025 | -2.84% |
| Dec 31, 2024 | 2.23% |
| Sep 30, 2024 | -0.93% |
| Jun 30, 2024 | 0.23% |
| Mar 31, 2024 | 0.93% |
| Dec 31, 2023 | 0.08% |
| Sep 30, 2023 | 1.19% |
| Jun 30, 2023 | 7.19% |
| Mar 31, 2023 | 4.92% |
| Dec 31, 2022 | 3.95% |
| Sep 30, 2022 | 4.06% |
| Jun 30, 2022 | 3.22% |
| Mar 31, 2022 | 0.74% |
| Dec 31, 2021 | 1.70% |
| Sep 30, 2021 | 2.87% |
| Jun 30, 2021 | 0.79% |
| Mar 31, 2021 | 2.09% |