Canadian Solar Inc.

CSIQNASDAQEnergy● Active

$17.36

+$0.20(+1.14%)

Market Cap$1.2B

P/E Ratio—

52W High$34.59

52W Low$9.41

Avg Volume2.9M

Open$17.70

Beta1.44

Free Cash Flow Financials Revenue

Canadian Solar Inc. (CSIQ) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

CSIQ · free cash flow · updated Jun 8, 2026

Core FCF metrics

CSIQ · FCF · TTM · margin & CAGR

Free cash flow was −$1.64B for FY2025 (fiscal year ending 2025-12-31), up 40.3% year-over-year The FCF margin was -29.4%.

FY2025 Free Cash Flow−$1.64B▲ +40.3% YoY

Trailing 12M (TTM)−$1.41Btrailing 4 quarters sum

FCF Margin-29.4%−$1.64B ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

CSIQ · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest−$252.7M(1.39B)−$1.64B▲ +40.3%-29.4%

FY2024−$885.3M(1.87B)−$2.76B▼ 227.7%-46.0%

FY2023$684.6M(1.53B)−$840.8M▼ 391.3%-11.0%

FY2022$916.6M(628M)$288.6M▲ +134.5%3.9%

FY2021−$408.3M(430M)−$837.8M▼ 83.9%-15.9%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

CSIQ · P/FCF · FCF yield · FCF per share

Canadian Solar Inc. (CSIQ) reported negative free cash flow of −$1.64B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

CSIQ · cash flow statement · operating / investing / financing

For FY2025, Canadian Solar Inc. generated −$252.7M in operating cash flow and spent 1.39B in capital expenditures, yielding −$1.64B in free cash flow.

Operating Activities

−$252.7M

Cash from core business operations

2025-12-31

Investing Activities

−$1.50B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$1.35B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF (−$252.7M) − |CapEx| (1.39B) = FCF (−$1.64B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Energy)

CSIQ vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Canadian Solar Inc.YOU

CSIQ

−$1.64B+40.3%-29.4%

Loss

Exxon Mobil Corporation

Energy · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Canadian Solar Inc. (CSIQ) reported free cash flow of −$1.64B for FY2025 (fiscal year ending 2025-12-31), up 40.3% year-over-year. The FCF margin was -29.4%.

Based on available data, Canadian Solar Inc. has maintained positive free cash flow for at least 4 fiscal year(s). FCF peaked at $308.9M in FY2019.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

CSIQ free cash flow · 8 questions

Canadian Solar Inc. free cash flow was −$1.64B for FY2025, up 40.3% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$1.41B.

CSIQ free cash flowCSIQ FCFCSIQ FCF 2025CSIQ free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Canadian Solar Inc. · Canadian Solar Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026