Canadian Solar (CSIQ) Operating Income (2009 - 2025)
Canadian Solar (CSIQ) posted quarterly Operating Income of -$64.1 million for Q4 2025, up 49.6% year-on-year from -$42.8 million in Q4 2024, and down 285.21% on a QoQ basis from $34.6 million in Q3 2025.
Canadian Solar (CSIQ) Operating Income (2009 - 2025) Analysis & Trends
Canadian Solar (CSIQ) has reported Operating Income for 17 consecutive years, with -$64.1 million the latest figure, recorded in Q4 2025.
- Quarterly Operating Income rose 49.6% year-over-year to -$64.1 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $43.2 million (down 99.99% YoY) and the FY2025 annual result came in at $43.2 million, up 243.47% from the prior year.
- Operating Income retreated to -$64.1 million in Q4 2025 per CSIQ's latest filing, from $34.6 million in the prior quarter.
- Over the last five years, Operating Income for CSIQ reached as high as $294.0 billion in Q3 2024 and fell as low as -$127.1 million in Q4 2024.
- A 5-year average of $14.8 billion and a median of $51.1 million in 2021 frame the typical range for Operating Income.
- The largest YoY upside for Operating Income was 354048.6% in 2024 against a maximum downside of 22127.21% in 2024.
- Year by year, Operating Income stood at $67.4 million in 2021, then jumped by 101.35% to $135.8 million in 2022, then plunged by 99.57% to $577000.0 in 2023, then slumped by 22127.21% to -$127.1 million in 2024, then surged by 49.6% to -$64.1 million in 2025.
- According to Business Quant data, Operating Income over the past three periods registered -$64.1 million, $34.6 million, and $127.4 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.08 Bn | 19.65 Bn | 486.13 Mn | 345.30 Mn |
| 2 | Nextpower | 15.32 Bn | 14.23 Bn | 297.38 Mn | 153.59 Mn |
| 3 | Enphase Energy | 4.98 Bn | 4.05 Bn | 100.39 Mn | -29.64 Mn |
| 4 | JinkoSolar Holding | 3.20 Bn | -107.75 Mn | 147.66 Mn | -85.26 Mn |
| 5 | Solaredge Technologies | 2.60 Bn | 2.04 Bn | 68.28 Mn | -55.04 Mn |
| 6 | Sunrun | 2.35 Bn | 687.09 Mn | 407.49 Mn | -43.51 Mn |
| 7 | Shoals Technologies | 1.55 Bn | 1.55 Bn | 41.01 Mn | 7.72 Mn |
| 8 | Canadian Solar | 925.64 Mn | 166.07 Mn | 124.40 Mn | -64.06 Mn |
| 9 | Array Technologies | 843.55 Mn | 642.85 Mn | 63.00 Mn | 7.11 Mn |
| 10 | Toyo | 182.74 Mn | 106.10 Mn | 47.76 Mn | 36.27 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -64.06 Mn |
| Sep 30, 2025 | 34.59 Mn |
| Jun 30, 2025 | 127.43 Mn |
| Mar 31, 2025 | -54.81 Mn |
| Dec 31, 2024 | -127.10 Mn |
| Sep 30, 2024 | 294.00 Bn |
| Jun 30, 2024 | 47.65 Mn |
| Mar 31, 2024 | 49.07 Mn |
| Dec 31, 2023 | 577,000.00 |
| Sep 30, 2023 | 83.02 Mn |
| Jun 30, 2023 | 224.12 Mn |
| Mar 31, 2023 | 145.60 Mn |
| Dec 31, 2022 | 135.76 Mn |
| Sep 30, 2022 | 88.67 Mn |
| Jun 30, 2022 | 116.12 Mn |
| Mar 31, 2022 | 15.52 Mn |
| Dec 31, 2021 | 67.43 Mn |
| Sep 30, 2021 | 53.09 Mn |
| Jun 30, 2021 | 26.38 Mn |
| Mar 31, 2021 | 43.48 Mn |