Canadian Solar (CSIQ) Operating Margin (2009 - 2026)
Canadian Solar (CSIQ) posted Operating Margin of -5.88% for Q2 2026, down 13.41 percentage points from 7.52% a year earlier and down 12.64 percentage points from the prior quarter.
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Analysis
Canadian Solar (CSIQ) Operating Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Margin at Canadian Solar was -0.55%, up 0.36 percentage points year-over-year; for FY2025, it was 0.77%, up 1.27 percentage points from FY2024.
- Annual Operating Margin shows a five-year change of -5.57 percentage points (FY2020 to FY2025).
- In prior years, Canadian Solar's Operating Margin was -0.50% in FY2024 (-6.46 pp), 5.95% in FY2023 (+1.19 pp), 4.77% in FY2022 (+1.16 pp) and 3.61% in FY2021 (-2.73 pp).
- The Q2 2026 figure stands as the lowest quarterly Operating Margin since Q4 2024.
- On a year-over-year basis, Operating Margin increased in four of the last eight quarters, with an average year-over-year change of -1.65 percentage points.
- The strongest year-over-year quarter for Operating Margin in the past five years was Q1 2026, with a gain of 11.34 percentage points; the weakest was Q2 2026, with a drop of 13.41 percentage points.
- According to Business Quant data, Operating Margin for the three prior quarters was 6.76% (Q1 2026), -5.26% (Q4 2025) and 2.33% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 252.99 Bn | 214.06 Bn | 2.36 Bn | 5.88% |
| 2 | Bloom Energy | 81.25 Bn | 73.07 Bn | 355.57 Mn | 17.11% |
| 3 | First Solar | 18.82 Bn | 9.78 Bn | 605.00 Mn | 42.64% |
| 4 | BWX Technologies | 12.55 Bn | 10.85 Bn | 202.31 Mn | 12.66% |
| 5 | Generac Holdings | 12.21 Bn | 11.04 Bn | 521.81 Mn | 17.93% |
| 6 | Nextpower | 11.82 Bn | 7.71 Bn | 335.85 Mn | 20.41% |
| 7 | EnerSys | 6.67 Bn | 4.86 Bn | 313.36 Mn | 16.18% |
| 8 | Enphase Energy | 4.36 Bn | -500.13 Mn | 175.01 Mn | 17.65% |
| 9 | Mirion Technologies | 3.45 Bn | 1.34 Bn | 133.10 Mn | 6.71% |
| 10 | Canadian Solar | 781.17 Mn | -5.03 Bn | 168.48 Mn | -5.88% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -5.88% |
| Mar 31, 2026 | 6.76% |
| 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 | 0.02% |
| 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% |
API Access
Canadian Solar Operating 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=operating-margin&ticker=CSIQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=CSIQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();