CSIQ - Canadian Solar Inc.

📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗	FY 2015 Dec 31, 2015 20-F ↗	FY 2014 Dec 31, 2014 20-F ↗	FY 2013 Dec 31, 2013 20-F ↗	FY 2012 Dec 31, 2012 20-F ↗	FY 2011 Dec 31, 2011 20-F ↗	FY 2010 Dec 31, 2010 20-F ↗	FY 2009 Dec 31, 2009 20-F ↗	FY 2008 Dec 31, 2008 20-F ↗
Revenue Growth YoY (%)	-6.6% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-155%)	-21.3% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-277%)	1.9% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-84%)	41.5% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+246%)	51.8% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+332%)	8.6% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-28%)	-14.5% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-221%)	10.4% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-13%)	18.8% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+57%)	-17.7% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-248%)	17.1% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+43%)	79.0% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+558%)	27.8% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+131%)	-31.8% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-365%)	27.0% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+125%)	137.0% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1042%)	—	—
EPS Growth YoY (%)	N/M	-87.1% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	12.3% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	140.6% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-37.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-14.6% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-28.4% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	135.1% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	51.3% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	-63.3% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-30.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	547.1% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	-114.7% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	N/M	93.4% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	-33.7% Weak ↓ Weak Declining Year-over-year change in net income	N/M	21.8% Good ↓ Good Declining Year-over-year change in net income	171.7% Excellent ↑ Excellent Improving Year-over-year change in net income	-25.4% Weak ↓ Weak Declining Year-over-year change in net income	-11.6% Weak ↓ Weak Declining Year-over-year change in net income	-31.3% Weak ↓ Weak Declining Year-over-year change in net income	135.4% Excellent ↑ Excellent Improving Year-over-year change in net income	57.8% Excellent ↓ Excellent Declining Year-over-year change in net income	-62.3% Weak ↓ Weak Declining Year-over-year change in net income	-28.9% Weak ↓ Weak Declining Year-over-year change in net income	435.2% Excellent Excellent Year-over-year change in net income	N/M	-114.7% Weak Weak Year-over-year change in net income	N/M	123.1% Excellent Excellent Year-over-year change in net income	—	—
FCF Growth YoY (%)	71.8% Excellent Excellent Year-over-year change in free cash flow	-101.2% Weak Weak Year-over-year change in free cash flow	N/M	N/M	-227.5% Weak Weak Year-over-year change in free cash flow	N/M	N/M	-35.1% Weak Weak Year-over-year change in free cash flow	87.2% Excellent Excellent Year-over-year change in free cash flow	—	—	—	—	—	—	—	—	—
Revenue CAGR 3Y (%)	-9.2% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	4.3% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	29.9% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	32.6% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	12.1% Good ↑ Good Improving Compound annual revenue growth over 3 years	0.8% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	3.9% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	2.6% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	4.6% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	19.9% Excellent → Excellent Stable Compound annual revenue growth over 3 years	38.9% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	16.0% Excellent → Excellent Stable Compound annual revenue growth over 3 years	3.4% Caution Caution Compound annual revenue growth over 3 years	27.1% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	10.0% Good ↓ Good Declining Compound annual revenue growth over 5 years	13.4% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	15.2% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	17.1% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	13.1% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	0.1% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	1.6% Caution ↓ Caution Declining Compound annual revenue growth over 5 years	17.7% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	21.2% Excellent → Excellent Stable Compound annual revenue growth over 5 years	8.5% Good ↓ Good Declining Compound annual revenue growth over 5 years	18.3% Excellent Excellent Compound annual revenue growth over 5 years	36.2% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	—	-29.6% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	19.4% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	9.0% Fair ↑ Fair Improving Compound annual EPS growth over 3 years	-27.2% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	12.9% Good ↑ Good Improving Compound annual EPS growth over 3 years	36.6% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	9.3% Fair ↑ Fair Improving Compound annual EPS growth over 3 years	-27.0% Weak Weak Compound annual EPS growth over 3 years	18.4% Excellent Excellent Compound annual EPS growth over 3 years	—	—	-16.8% Weak Weak Compound annual EPS growth over 3 years	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗	FY 2015 Dec 31, 2015 20-F ↗	FY 2014 Dec 31, 2014 20-F ↗	FY 2013 Dec 31, 2013 20-F ↗	FY 2012 Dec 31, 2012 20-F ↗	FY 2011 Dec 31, 2011 20-F ↗	FY 2010 Dec 31, 2010 20-F ↗	FY 2009 Dec 31, 2009 20-F ↗	FY 2008 Dec 31, 2008 20-F ↗
Operating Margin (%) (%)	0.8% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-96%)	-0.5% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-103%)	6.0% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-70%)	4.8% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-76%)	3.6% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-82%)	6.3% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-68%)	8.1% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-60%)	9.7% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-51%)	7.9% Caution → Caution Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-60%)	3.3% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-84%)	7.1% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-64%)	12.4% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-38%)	7.9% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-60%)	-11.0% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-155%)	0.4% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-98%)	8.0% Caution Caution Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-60%)	1.0% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-95%)	—
Effective Tax Rate (%) (%)	-10.1% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	20.1% Good → Good Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	14.6% Excellent → Excellent Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	20.6% Good ↑ Good Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	24.6% Fair ↑ Fair Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-1.4% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	20.2% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	20.4% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	28.5% Caution ↑ Caution Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	21.6% Fair ↑ Fair Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	22.2% Fair ↑ Fair Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	24.1% Fair ↑ Fair Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	14.4% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	2.7% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-22.3% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	24.8% Fair Fair Actual taxes paid relative to pre-tax income Optimal: 15-25%	-6.1% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—
Profit Margin (%) (%)	-1.9% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-112%)	-1.3% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-109%)	4.8% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-68%)	4.0% Weak → Weak Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-73%)	2.1% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-86%)	4.2% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-72%)	5.2% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-65%)	6.5% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-57%)	3.0% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-80%)	2.3% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-85%)	5.0% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-67%)	8.2% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-45%)	2.8% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-82%)	-15.1% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-200%)	-4.8% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-132%)	3.4% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-77%)	3.6% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-76%)	—
FCF Margin (%) (%)	-4.5% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-14.8% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-5.7% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	3.9% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-7.7% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-3.5% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	18.8% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	-2.7% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-2.2% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	-19.8% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—	—	—	—	—	—
FCF / Net Income (x)	2.43x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	11.37x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-1.19x Weak → Weak Stable Free cash flow relative to reported net income Optimal: > 1x	0.97x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	-3.72x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.82x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	3.60x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-0.41x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-0.71x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	-8.65x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—	—	—	—	—	—	—	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗	FY 2015 Dec 31, 2015 20-F ↗	FY 2014 Dec 31, 2014 20-F ↗	FY 2013 Dec 31, 2013 20-F ↗	FY 2012 Dec 31, 2012 20-F ↗	FY 2011 Dec 31, 2011 20-F ↗	FY 2010 Dec 31, 2010 20-F ↗	FY 2009 Dec 31, 2009 20-F ↗	FY 2008 Dec 31, 2008 20-F ↗
Return on Invested Capital (%)	0.5% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-0.3% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	6.9% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	14.6% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	5.1% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	8.9% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	8.6% Fair → Fair Stable Return earned on debt + equity capital invested Optimal: > 10%	14.1% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	7.5% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	5.3% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	12.3% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	30.7% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	16.5% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	-26.5% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	1.5% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	15.0% Good Good Return earned on debt + equity capital invested Optimal: > 10%	—	—
Return on Capital (%) (%)	0.3% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-0.2% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	3.8% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	3.9% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	2.6% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	3.4% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	4.7% Caution → Caution Stable Operating profit relative to total assets Optimal: > 10%	7.5% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	4.6% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	1.7% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	5.6% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	11.9% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	5.3% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	-6.3% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	0.4% Weak Weak Operating profit relative to total assets Optimal: > 10%	8.5% Fair Fair Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	-3.7% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-120%)	-2.8% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-115%)	14.2% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-23%)	15.4% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-17%)	6.1% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-67%)	9.4% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-49%)	12.0% Fair → Fair Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-35%)	19.8% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+7%)	10.0% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-46%)	7.4% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-60%)	21.2% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+14%)	34.0% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+84%)	11.7% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-37%)	-67.1% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-463%)	-19.5% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-205%)	9.5% Caution Caution Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-49%)	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗	FY 2015 Dec 31, 2015 20-F ↗	FY 2014 Dec 31, 2014 20-F ↗	FY 2013 Dec 31, 2013 20-F ↗	FY 2012 Dec 31, 2012 20-F ↗	FY 2011 Dec 31, 2011 20-F ↗	FY 2010 Dec 31, 2010 20-F ↗	FY 2009 Dec 31, 2009 20-F ↗	FY 2008 Dec 31, 2008 20-F ↗
Debt to Equity (x)	2.99x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+565%)	2.30x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+411%)	1.91x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+323%)	0.74x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+65%)	1.27x Caution ↓ Caution Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+183%)	1.36x Caution ↓ Caution Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+202%)	1.40x Caution ↓ Caution Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+212%)	1.52x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+237%)	3.38x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+651%)	2.37x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+426%)	2.09x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+364%)	1.18x Caution ↓ Caution Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+162%)	2.24x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+399%)	3.55x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+689%)	1.54x Weak Weak Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+242%)	0.13x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-71%)	—	—
Interest Coverage (x)	0.25x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-0.23x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	3.97x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	4.79x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	3.27x Fair → Fair Stable Operating income divided by interest expense Optimal: > 5x	3.07x Fair → Fair Stable Operating income divided by interest expense Optimal: > 5x	3.18x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	3.44x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	2.28x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	1.34x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	4.57x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	7.49x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	2.83x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	-2.67x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	0.16x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	5.43x Good Good Operating income divided by interest expense Optimal: > 5x	0.69x Weak Weak Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$7.03B	$4.78B	$2.94B	$462.38M	$1.43B	$958.15M	$1.28B	$1.41B	$2.93B	$1.58B	$1.16B	$295.56M	$648.36M	$890.88M	$373.94M	$-219.19M	$-160.11M	$-115.66M
Debt / EBITDA (x)	14.04x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	13.74x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.41x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.44x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.85x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.97x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.67x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.76x Caution ↓ Caution Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	9.47x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	11.08x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	5.00x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.88x Good ↑ Good Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.14x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-16.90x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	11.40x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.46x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗	FY 2015 Dec 31, 2015 20-F ↗	FY 2014 Dec 31, 2014 20-F ↗	FY 2013 Dec 31, 2013 20-F ↗	FY 2012 Dec 31, 2012 20-F ↗	FY 2011 Dec 31, 2011 20-F ↗	FY 2010 Dec 31, 2010 20-F ↗	FY 2009 Dec 31, 2009 20-F ↗	FY 2008 Dec 31, 2008 20-F ↗
Revenue per Share (USD)	$83.05	$89.97	$116.46	$116.11	$85.65	$58.35	$53.67	$63.56	$58.29	$49.60	$62.22	$54.42	$35.73	$29.98	$44.08	$34.91	$16.99	—
Basic EPS, GAAP (USD)	$-2.50	$0.54	$4.19	$3.73	$1.55	$2.46	$2.88	$4.02	$1.71	$1.13	$3.08	$4.40	$0.68	$-4.53	$-2.11	$1.18	$0.61	—
Free Cash Flow per Share (USD)	$-3.75	$-13.29	$-6.61	$4.50	$-6.63	$-2.02	$10.06	$-1.70	$-1.26	$-9.82	—	—	—	—	—	—	—	—
Book Value per Share (USD)	$41.41	$42.05	$38.68	$30.10	$28.13	$26.25	$23.46	$20.71	$17.65	$15.30	$14.63	$12.99	$7.65	$6.73	$10.80	$12.46	—	—
Tangible Book Value per Share (USD)	$41.41	$42.05	$38.68	$30.10	$28.13	$26.25	$23.46	$20.69	$17.54	$15.17	$14.50	$12.99	$7.65	$6.73	$10.74	$12.46	—	—
Basic Weighted Avg Shares (shares)	67.37M	66.62M	65.38M	64.32M	61.61M	59.58M	59.63M	58.91M	58.17M	57.52M	55.73M	54.41M	46.31M	43.19M	43.08M	42.84M	37.14M	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗	FY 2015 Dec 31, 2015 20-F ↗	FY 2014 Dec 31, 2014 20-F ↗	FY 2013 Dec 31, 2013 20-F ↗	FY 2012 Dec 31, 2012 20-F ↗	FY 2011 Dec 31, 2011 20-F ↗	FY 2010 Dec 31, 2010 20-F ↗	FY 2009 Dec 31, 2009 20-F ↗	FY 2008 Dec 31, 2008 20-F ↗
Working Capital (USD)	$128.48M	$498.17M	$231.06M	$385.89M	$733.68M	$597.47M	$160.94M	$125.96M	$-22.71M	$69.70M	$-392.23M	$366.62M	$-59.00M	$-98.05M	$59.13M	$259.33M	—	—
LT Debt (USD)	$6.01B	$4.60B	$3.07B	—	$1.02B	$934.62M	$1.02B	$830.43M	$1.53B	$493.45M	$747.62M	$189.18M	$287.84M	$232.04M	$88.25M	$69.46M	—	—
Total Equity (USD)	$2.81B	$2.82B	$2.56B	$1.94B	$1.80B	$1.57B	$1.39B	$1.23B	$1.03B	$884.68M	$818.97M	$716.61M	$390.53M	$290.90M	$465.93M	$534.33M	—	—

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗	FY 2015 Dec 31, 2015 20-F ↗	FY 2014 Dec 31, 2014 20-F ↗	FY 2013 Dec 31, 2013 20-F ↗	FY 2012 Dec 31, 2012 20-F ↗	FY 2011 Dec 31, 2011 20-F ↗	FY 2010 Dec 31, 2010 20-F ↗	FY 2009 Dec 31, 2009 20-F ↗	FY 2008 Dec 31, 2008 20-F ↗
Sales/Revenue/Turnover (USD)	$5.60B	$5.99B	$7.61B	$7.47B	$5.28B	$3.48B	$3.20B	$3.74B	$3.39B	$2.85B	$3.47B	$2.96B	$1.65B	$1.29B	$1.90B	$1.50B	$630.96M	—
Depreciation Expense (USD)	$555.05M	$501.44M	$307.04M	$234.56M	$282.77M	$209.12M	$159.72M	$129.26M	$99.27M	$95.85M	$94.22M	$82.63M	$80.82M	$81.40M	$56.12M	$31.27M	$20.51M	—
Net Income, GAAP (USD)	$-104.13M	$-77.86M	$363.63M	$298.56M	$109.88M	$147.25M	$166.56M	$242.43M	$102.98M	$65.28M	$173.32M	$243.89M	$45.56M	$-195.16M	$-90.90M	$50.83M	$22.78M	—
Operating Cash Flow (USD)	$-252.74M	$-885.32M	$684.62M	$916.63M	$-408.25M	$-120.54M	$600.11M	$216.28M	$203.92M	$-278.07M	—	—	—	—	—	—	—	—

Canadian Solar Inc.

Analytical Summary

18-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

Statement lens

Benchmark Lens

Signals

Percentile Rankings

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