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Canadian Solar Inc. CSIQ

Nasdaq · stock · Semiconductors & Related Devices · website · IPO 2006-11-09 · LEI

Canadian Solar Inc. statistics & valuation

Market cap$1.0B
P / S0.2×
P / B0.3×
Net margin-1.9%
Return on equity-2.6%
Net debt$4.6B
Net debt / EBITDA7.8×
Enterprise value USD$5.7B
EV / EBITDA9.5×
Earnings yield EBIT/EV0.8%
Return on capital0.5%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
3.60% 0.60% -1.90% 2016201720182019202020212022202320242025
Gross margin (%)
14.60% 18.80% 20.70% 22.40% 19.80% 17.20% 16.90% 16.80% 16.70% 18.30% 2016201720182019202020212022202320242025
Operating margin (%)
3.30% 7.90% 9.70% 8.10% 6.30% 3.60% 4.80% 6.00% -0.50% 0.80% 2016201720182019202020212022202320242025
Return on equity (%)
7.40% 0.90% -2.60% 2016201720182019202020212022202320242025
Shares outstanding
58.1M 61.5M 62.3M 60.8M 62.3M 68.9M 71.2M 72.2M 67.0M 67.8M 2016201720182019202020212022202320242025
Net debt ($)
$680.1M $971.1M $386.1M $351.0M -$244.1M $154.3M $1.28B $1.13B $2.90B $4.64B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
2.30% 0.30% -0.70% 2016201720182019202020212022202320242025
Free cash flow margin (%)
-19.80% -2.20% -2.70% -15.90% 3.90% -5.70% 2016201720182019202020212022202320242025
Debt / equity (×)
1.32× 1.45× 0.65× 0.72× 0.49× 0.48× 0.98× 0.83× 1.18× 1.52× 2016201720182019202020212022202320242025
EPS ($)
$1.12 $1.69 $3.88 $2.83 $2.38 $1.46 $3.44 $3.87 $0.54 -$2.50 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Canadian Solar Inc. trades at about 29.1× earnings — above its 10-year norm (10-year range 5.6×–23×, median 10.5×).

5.6× 29.1×

Shaded band = 10-year range (5.6×–23×); dot = today's 29.1×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin18.3%16.7%16.8%16.9%17.2%19.8%22.4%20.7%18.8%14.6%
Operating margin0.8%-0.5%6.0%4.8%3.6%6.3%8.1%9.7%7.9%3.3%
Net margin-1.9%0.6%3.6%———————
FCF margin——-5.7%3.9%-15.9%——-2.7%-2.2%-19.8%
Return on assets-0.7%0.3%2.3%———————
Return on equity-2.6%0.9%7.4%———————
Debt / equity1.52×1.18×0.83×0.98×0.48×0.49×0.72×0.65×1.45×1.32×
Current ratio1.021.091.041.071.181.171.051.040.991.02

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.