Canadian Solar Inc. (CSIQ)

Nasdaq: CSIQ · Semiconductors & Related Devices · Kitchener, ON · filing with the SEC since 2006

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Grade4.1

◀ Past 6.2● Present 3.1▶ Future 2.7

1 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of Canadian Solar Inc.

Nine metrics read from its own filings, by tense

Headline grade

4.1/10

◀ Past6.235% of the headline

● Present3.138% of the headline

▶ Future2.728% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

6.2/1035% of the headline grade · 3 of 3 filed

Surviving crises

as filed

7.6/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 39% of this tense · 76th percentile among 99 sector filers · read for itself

From the record

Canadian Solar Inc.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

5.5/10

What has it actually done, year after year?

+7.8% a year over 10 filed years; profitable in 8 of 10.

weight 39% of this tense · 55th percentile among 93 sector filers · read for its customers

From the record

Canadian Solar Inc.'s 10 filed years say what it did: revenue went from $2.9 billion in fiscal 2016 to $5.6 billion in fiscal 2025, up 7.8% a year; it rose in 6 of 9 years; the deepest fall was 27% from fiscal 2023 to fiscal 2025; net income was positive in 8 of 10 of those years (its annual reports).

What it rests on

revenue growth over the filed span7.8%top 46% of its family
the share of years revenue rosetop 47% of its family
the share of filed years with a profittop 39% of its family
the deepest fall from a revenue peak26.5%top 47% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed

5.0/10

How has it treated the people who own it?

Share count shrank 1.8% a year. 0% of cash flow returned. Insiders: 2 sales, 0 purchases.

weight 22% of this tense · 50th percentile among 67 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Canadian Solar Inc.'s diluted share count shrank about 1.8% a year, and dividends and buybacks returned about 0% of its net income over 3 years (its filed statements). Its officers and directors filed 2 sales and 0 purchases of their own stock on the open market in the year to 2026-10-14 (their Form 4 filings).

What it rests on

the share count over the yearstop 13% of its family
cash returned against operating cash flowbottom 14% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

3.1/1038% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed

3.0/10

Is it financially healthy right now?

ROE -5%: lost 5¢ per shareholder dollar. Leverage 74%: owes 74¢ per asset dollar.

weight 45% of this tense · 30th percentile among 95 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Canadian Solar Inc. lost about 5 cents for every dollar of shareholders' money, and gross profitability: its products earned about 7 cents per dollar of everything the company owns. Leverage: it owed about 74 cents per dollar of assets, and net share issuance: its share count grew 0.6% over the year (the filed statements).

What it rests on

what it owes per dollar of assetsbottom 13% of its family
return on equitybottom 35% of its family
gross profit against assetsbottom 17% of its family
the share count against the year beforetop 44% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

5.0/10

How strong is its position in its industry?

bottom 50% of 97 in its family; net margin -3.3%.

weight 33% of this tense · 50th percentile among 97 sector filers · read for its customers

From the record

Canadian Solar Inc.'s standing among 97 graded names in its industry family: revenue of $5.6 billion in fiscal 2025 ranks in the top 16% by size; a net margin of -3.3% ranks in the bottom 42%; revenue growth of -9.2% a year over the last 3 filed years ranks in the bottom 23% (its annual reports).

What it rests on

revenue against the family$5.60Btop 16% of its family
net margin-3.3%bottom 42% of its family
three-year revenue growth-9.2%bottom 23% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate

0.4/10

What are the people in charge doing?

SI estimate 0.4/10, confidence 35 of 100 (one part).

weight 22% of this tense · 4th percentile among 79 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: Read from one part only, the chief executive's years under the title, which ranks in the bottom 4% of 79 in its family; it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
What the record cannot read: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned: one part: the chief executive's years on the record, the one part on file, ranked among 79 in its family.
Confidence: 35 of 100
What would change it: A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Canadian Solar Inc.'s leadership is put at 0.4 of 10 with a confidence of 35 of 100, because read from one part only, the chief executive's years under the title, which ranks in the bottom 4% of 79 in its family; it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge. A filing that carries the missing parts replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

2.7/1028% of the headline grade · 3 of 3 filed

Room to expand

as filed

1.4/10

How much room does it have to grow?

bottom 13% of 94 in its family for room to expand.

weight 34% of this tense · 13th percentile among 94 sector filers · read for itself

From the record

Canadian Solar Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $1.4 billion against debt of $6.0 billion leaves -30.6% of its assets as net cash, bottom 5% of its family; cash from operations less capital spending is -21.7% of revenue (bottom 25%); a gross margin of 18.3% (bottom 20%); research spending of 1.6% of revenue (bottom 4%) (its annual report).

What it rests on

cash less debt against assets-30.6%bottom 5% of its family
cash from operations less capital spending against revenue-21.7%bottom 25% of its family
gross margin18.3%bottom 20% of its family
research spending against revenue1.6%bottom 4% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed

4.1/10

What could actually drive growth from here?

bottom 41% of 93 in its family for growth drivers.

weight 33% of this tense · 41st percentile among 93 sector filers · read for its customers

From the record

Canadian Solar Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -9.2% a year over the last three filed years against 7.8% over all 10, slowing (bottom 19% of its family); the newest year grew -6.7% (bottom 18%); research spending grew 9.1% a year (top 32%); capital spending grew 15.3% a year (top 41%) (its annual reports). Canadian Solar Inc. reported 2 lines of business in fiscal 2024: Csi Solar at $6.5 billion, Recurrent Energy at $323 million. 0 of 2 grew in the latest filed year, and the largest line is 95% of revenue (its annual report).

What it rests on

three-year growth against the whole span-16.9 points a yearbottom 19% of its family
the newest year's revenue growth-6.7%bottom 18% of its family
three-year growth of research spending9.1%top 32% of its family
three-year growth of capital spending15.3%top 41% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed

2.6/10

Did its newest year beat what its own record pointed to?

bottom 26% of 88 in its family for expectations against reality.

weight 34% of this tense · 26th percentile among 88 sector filers · read for its shareholders

From the record

Canadian Solar Inc.'s newest year against its own record: revenue of $5.6 billion in fiscal 2025 came in 4.2% above the $5.4 billion its prior three years' pace pointed to (bottom 32% of its family); net income of $184 million against a prior three-year average of $195 million (bottom 10%); a net margin of -3.3% against 2.5% before (bottom 35%) (its annual reports).

What it rests on

revenue against the prior three years' pace4.2%bottom 32% of its family
net income against the prior three years' average-194%bottom 10% of its family
net margin against its prior average-5.8 pointsbottom 35% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton CSIQ · research, not advice