JinkoSolar Holding (JKS) Operating Margin (2009 - 2026)
JinkoSolar Holding (JKS) posted Operating Margin of 4.8% for Q1 2026, down 125.81% sequentially from 18.6% in Q4 2025, and up 1589.0% YoY from 0.28% in Q1 2025.
JinkoSolar Holding (JKS) Operating Margin (2009 - 2026) Analysis & Trends
JinkoSolar Holding has reported Operating Margin for 18 years, with the latest figure at 4.8% in Q1 2026.
- Quarterly Operating Margin rose 1589.0% year-over-year to 4.8% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.1% (up 553.0% YoY) and the FY2025 annual result came in at 13.6%, down 997.0% from the prior year.
- Operating Margin fell to 4.8% in Q1 2026 per JKS's latest filing, from 18.6% in the prior quarter.
- Over five years, Operating Margin peaked at 18.6% in Q4 2025 and troughed at 20.7% in Q1 2025.
- A 5-year average of 1.3% and a median of 1.47% in 2024 frame the typical range for Operating Margin.
- The widest YoY moves for Operating Margin: up 2839 bps in 2025, down 1922 bps in 2025.
- Over 5 years, Operating Margin stood at 2.05% in 2022, then sank by 48 bps to 1.07% in 2023, then plunged by 1012 bps to 9.79% in 2024, then soared by 290 bps to 18.6% in 2025, then sank by 126 bps to 4.8% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 4.8%, 18.6%, and 8.69% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 42.64% |
| 2 | Nextpower | 13.25 Bn | 12.03 Bn | 335.85 Mn | 20.41% |
| 3 | Enphase Energy | 5.07 Bn | 4.13 Bn | 175.01 Mn | 17.65% |
| 4 | Sunrun | 2.24 Bn | 2.24 Bn | 527.54 Mn | 4.00% |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | -4.63% |
| 6 | Shoals Technologies | 1.24 Bn | 1.22 Bn | 49.53 Mn | 11.46% |
| 7 | Canadian Solar | 991.33 Mn | -596.96 Mn | 124.40 Mn | -5.26% |
| 8 | JinkoSolar Holding | 831.90 Mn | -2.48 Bn | 147.66 Mn | -4.80% |
| 9 | Array Technologies | 727.79 Mn | 420.48 Mn | 99.60 Mn | 10.16% |
| 10 | Toyo | 170.12 Mn | 93.48 Mn | 47.76 Mn | 25.40% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -4.80% |
| Dec 31, 2025 | 18.60% |
| Sep 30, 2025 | -8.69% |
| Jun 30, 2025 | -7.66% |
| Mar 31, 2025 | -20.70% |
| Dec 31, 2024 | -9.79% |
| Sep 30, 2024 | -1.96% |
| Jun 30, 2024 | -4.73% |
| Mar 31, 2024 | -1.47% |
| Dec 31, 2023 | 1.07% |
| Sep 30, 2023 | 6.69% |
| Jun 30, 2023 | 5.01% |
| Mar 31, 2023 | 5.19% |
| Dec 31, 2022 | 2.05% |
| Sep 30, 2022 | 0.32% |
| Jun 30, 2022 | -1.53% |
| Mar 31, 2022 | 0.28% |
| Dec 31, 2021 | 2.96% |
| Sep 30, 2021 | 1.30% |
| Jun 30, 2021 | 4.50% |