Canadian Solar (CSIQ) Operating Margin (2009 - 2025)
Canadian Solar (CSIQ) posted quarterly Operating Margin of 5.26% for Q4 2025, up 309.0% year-on-year from 1.29% in Q4 2024, and down 326.32% on a QoQ basis from 2.33% in Q3 2025.
Canadian Solar (CSIQ) Operating Margin (2009 - 2025) Analysis & Trends
Canadian Solar (CSIQ) has reported Operating Margin for 17 consecutive years, with 5.26% the latest figure, recorded in Q4 2025.
- Quarterly Operating Margin rose 309.0% year-over-year to 5.26% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 0.77% (down 490411.0% YoY) and the FY2025 annual result came in at 0.77%, up 127.0% from the prior year.
- Operating Margin declined to 5.26% in Q4 2025 per CSIQ's latest filing, from 2.33% in the prior quarter.
- Over the last five years, Operating Margin for CSIQ reached as high as 19500.88% in Q3 2024 and fell as low as 8.35% in Q4 2024.
- A 5-year average of 977.7% and a median of 4.16% in 2021 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2024 — Operating Margin jumped 1949639 bps — and 2025, when it sank 1949856 bps.
- Year by year, Operating Margin stood at 4.41% in 2021, then jumped by 56 bps to 6.89% in 2022, then sank by 100 bps to 0.03% in 2023, then tumbled by 24745 bps to 8.35% in 2024, then jumped by 37 bps to 5.26% in 2025.
- According to Business Quant data, Operating Margin over the past three periods registered 5.26%, 2.33%, and 7.52% for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.08 Bn | 19.65 Bn | 486.13 Mn | 33.07% |
| 2 | Nextpower | 15.32 Bn | 14.23 Bn | 297.38 Mn | 17.44% |
| 3 | Enphase Energy | 4.98 Bn | 4.05 Bn | 100.39 Mn | -10.48% |
| 4 | JinkoSolar Holding | 3.20 Bn | -107.75 Mn | 147.66 Mn | -4.80% |
| 5 | Solaredge Technologies | 2.60 Bn | 2.04 Bn | 68.28 Mn | -17.73% |
| 6 | Sunrun | 2.35 Bn | 687.09 Mn | 407.49 Mn | -6.02% |
| 7 | Shoals Technologies | 1.55 Bn | 1.55 Bn | 41.01 Mn | 5.49% |
| 8 | Canadian Solar | 925.64 Mn | 166.07 Mn | 124.40 Mn | -5.26% |
| 9 | Array Technologies | 843.55 Mn | 642.85 Mn | 63.00 Mn | 3.18% |
| 10 | Toyo | 182.74 Mn | 106.10 Mn | 47.76 Mn | 25.40% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -5.26% |
| Sep 30, 2025 | 2.33% |
| Jun 30, 2025 | 7.52% |
| Mar 31, 2025 | -4.58% |
| Dec 31, 2024 | -8.35% |
| Sep 30, 2024 | 19,500.88% |
| Jun 30, 2024 | 2.91% |
| Mar 31, 2024 | 3.69% |
| Dec 31, 2023 | 0.03% |
| Sep 30, 2023 | 4.50% |
| Jun 30, 2023 | 9.48% |
| Mar 31, 2023 | 8.56% |
| Dec 31, 2022 | 6.89% |
| Sep 30, 2022 | 4.59% |
| Jun 30, 2022 | 5.02% |
| Mar 31, 2022 | 1.24% |
| Dec 31, 2021 | 4.41% |
| Sep 30, 2021 | 4.32% |
| Jun 30, 2021 | 1.85% |
| Mar 31, 2021 | 3.99% |