CSIQNasdaqSemiconductors & Related DevicesFiscal year ends December 31
Canadian Solar Inc.
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 10, 2026
$9.57−0.24 (-2.45%)
Close on Oct 19, 2026
- Market cap
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- P/E (TTM)
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- Dividend yield
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Canadian Solar Inc. revenue by segment
By business segment
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Manufacturing Segment | $5.61B | $6.46B | $7.23B | – | – | – | – | – | – | – | 100.3% | -13.1% |
| Recurrent Energy Segment | $403.62M | $323.47M | $497.65M | $821.53M | $1.12B | – | – | – | – | – | 7.2% | +24.8% |
| MSS | – | – | – | – | – | – | $2.58B | $2.41B | $2.85B | $2.83B | – | – |
| Energy | – | – | – | – | – | – | $719.45M | $1.58B | $677.47M | $106.43M | – | – |
| CSI Solar Segment | – | $6.46B | $7.23B | $6.98B | $4.37B | $3.11B | $2.59B | $2.45B | – | – | – | – |
| Global Energy Segment | – | – | – | $821.53M | $1.12B | $726.17M | $718.74M | $1.43B | – | – | – | – |
| Operating income | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Manufacturing Segment | $198.56M | $336.78M | $456.08M | – | – | – | – | – | – | – | -41.0% |
| Recurrent Energy Segment | -$152.66M | -$90.08M | $96.62M | $80.36M | $97.18M | – | – | – | – | – | +69.5% |
| MSS | – | – | – | – | – | – | $279.72M | $141.61M | $136.42M | $115.58M | – |
| Energy | – | – | – | – | – | – | -$7.03M | $211.54M | $159.52M | -$4.06M | – |
| CSI Solar Segment | – | $336.78M | $456.08M | $343.80M | $74.13M | $253.11M | $267.64M | $182.49M | – | – | – |
| Global Energy Segment | – | – | – | $80.36M | $97.18M | $53.41M | $18.80M | $171.88M | – | – | – |
By product or service
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Electricity | $137.63M | $89.17M | $48.12M | $23.84M | $29.42M | $9.71M | $5.87M | $4.69M | $10.90M | – | 2.5% | +54.3% |
| Solar system kits | – | – | – | – | – | – | – | – | $84.60M | $86.79M | – | – |
| Others | – | – | – | – | – | – | – | – | $82.93M | $85.03M | – | – |
| EPC and development services | – | – | – | – | – | – | – | – | $2.93M | $11.99M | – | – |
| Solar power projects | – | – | – | – | – | – | – | – | $632.26M | $22.67M | – | – |
| Solar power products | – | – | – | – | – | – | – | – | $2.55B | $2.57B | – | – |
| O&M services | – | – | – | – | – | – | – | – | $6.94M | $4.13M | – | – |
| Electricity | – | – | – | – | – | – | – | – | $29.24M | $68.79M | – | – |
By region
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| The Americas | $3.16B | $3.10B | $2.62B | $2.79B | $2.28B | $1.22B | $1.40B | $1.47B | $1.11B | $1.10B | 56.4% | +1.8% |
| United States | $2.78B | $2.78B | $1.49B | $1.96B | $1.59B | $696.10M | $852.23M | $999.14M | $628.82M | $863.50M | 49.6% | +0.0% |
| Asia: | $1.25B | $1.80B | $3.13B | $2.74B | $2.14B | $1.62B | $1.02B | $1.57B | $1.93B | $1.34B | 22.3% | -30.8% |
| Europe and other regions: | $1.19B | $1.09B | $1.87B | $1.94B | $858.51M | $634.55M | $780.46M | $698.57M | $356.14M | $411.17M | 21.3% | +9.3% |
| China | $710.98M | $1.22B | $2.15B | $1.90B | $1.21B | $504.66M | $317.08M | $620.52M | $874.56M | $585.30M | 12.7% | -41.7% |
| United Kingdom | $355.48M | $185.24M | $144.99M | $106.66M | $7.75M | $8.84M | $33.16M | $101.48M | $48.30M | $73.27M | 6.4% | +91.9% |
| Australia | $347.86M | $115.12M | $128.25M | $393.96M | $165.77M | $120.40M | $313.17M | $232.41M | $48.07M | $33.63M | 6.2% | +202.2% |
| Brazil | $229.04M | $190.93M | $846.39M | $623.33M | $442.60M | $284.48M | $395.30M | $339.96M | $388.55M | $33.00M | 4.1% | +20.0% |
| Pakistan | $202.96M | $266.08M | $78.20M | $73.53M | $48.84M | $15.42M | $10.58M | – | – | – | 3.6% | -23.7% |
| Others | $196.34M | $292.23M | $643.44M | $270.88M | $78.04M | $54.18M | $52.87M | $55.73M | $68.14M | $88.77M | 3.5% | -32.8% |
| Japan | $195.09M | $150.73M | $597.19M | $325.34M | $509.23M | $560.70M | $372.69M | $483.04M | $476.95M | $373.40M | 3.5% | +29.4% |
| Others | $151.73M | $136.73M | $283.84M | $174.45M | $46.21M | $16.52M | $29.73M | $28.07M | $85.52M | $13.22M | 2.7% | +11.0% |
| Spain | $141.83M | $221.79M | $445.32M | $434.84M | $100.66M | $138.97M | $78.23M | $58.81M | $13.47M | $22.52M | 2.5% | -36.1% |
| Others | $138.10M | $164.31M | $298.86M | $128.31M | $121.78M | $91.22M | $76.79M | $142.96M | $116.25M | $44.80M | 2.5% | -16.0% |
| Germany | $91.64M | $198.23M | $291.39M | $322.19M | $232.00M | $119.04M | $109.12M | $95.51M | $94.07M | $132.19M | 1.6% | -53.8% |
| South Africa | $56.59M | $75.47M | $218.60M | $118.46M | $90.76M | $49.38M | $93.91M | $53.74M | $21.92M | $22.40M | 1.0% | -25.0% |
| Canada | – | – | $52.53M | $49.15M | $30.79M | $100.28M | $30.33M | $57.48M | $52.19M | $193.79M | – | – |
| India | – | $50.24M | $91.02M | $197.77M | $142.30M | $61.14M | $70.89M | $145.87M | $336.47M | $292.23M | – | – |
| France | – | – | $22.34M | $31.15M | $25.98M | $29.97M | $13.52M | – | – | $23.55M | – | – |
| Netherlands | – | $21.61M | $81.82M | $136.38M | $104.72M | $96.37M | $68.77M | $83.48M | $51.36M | $36.73M | – | – |
| Singapore | – | – | – | – | – | – | – | $8.43M | $97.48M | $7.62M | – | – |
| United Arab Emirates | – | $23.55M | $22.92M | $15.97M | $6.17M | $53.98M | $43.31M | $104.47M | $91.99M | $5.39M | – | – |
| Türkiye | – | – | – | – | – | – | – | – | $24.83M | $9.54M | – | – |
| Czechia | – | $23.67M | $62.08M | $79.41M | $34.60M | $16.14M | $17.72M | $17.41M | $10.82M | $1.65M | – | – |
| Israel | – | – | – | – | – | – | – | $73.88M | $302.00K | $464.00K | – | – |
| South Korea | – | – | – | – | $3.41M | $25.90M | $72.55M | $46.70M | $25.24M | $29.21M | – | – |
| Mexico | – | $42.43M | $50.88M | $31.91M | $139.61M | $118.85M | $94.45M | $50.00M | $5.27M | – | – | – |
| Vietnam | – | – | $16.21M | $9.08M | $19.96M | $289.62M | $39.27M | $4.22M | $462.00K | – | – | – |
| Thailand | – | – | $10.22M | $9.94M | $59.45M | $6.11M | $12.75M | $23.51M | $4.17M | – | – | – |
| Cyprus | – | – | – | – | $51.04M | $13.27M | $2.18M | – | – | – | – | – |
| Hong Kong SAR China | – | – | $32.71M | $46.25M | $9.98M | $13.57M | – | – | – | – | – | – |
| Taiwan | – | $21.16M | $19.37M | $67.41M | $7.70M | $24.42M | – | – | – | – | – | – |
| Chile | – | – | $29.66M | $37.37M | $18.46M | $4.87M | – | – | – | – | – | – |
| Romania | – | $23.54M | $24.49M | $31.80M | $3.70M | $1.26M | – | – | – | – | – | – |
| Ireland | – | – | $41.61M | $63.74M | $7.84M | – | – | – | – | – | – | – |
| Italy | – | $81.01M | $79.04M | $14.47M | $6.53M | – | – | – | – | – | – | – |
| Puerto Rico | – | – | $37.92M | $22.35M | $11.34M | – | – | – | – | – | – | – |
| Philippines | – | $18.62M | $40.61M | $26.58M | $6.66M | – | – | – | – | – | – | – |
| Norway | – | – | $139.77M | $30.23M | $157.00K | – | – | – | – | – | – | – |
| Poland | – | $27.98M | $12.67M | $26.14M | – | – | – | – | – | – | – | – |
From the segment and revenue-disaggregation notes of Canadian Solar's 10-K and 10-Q filings (XBRL). Fourth-quarter figures are the fiscal year less the first nine months. Segment names follow the company's own labels and can change when it reorganizes.