Income Statement (TTM)
Canadian Solar Inc. Income Statement shows changes in income and expenses over a period of time. Income Statement data includes Sales and Revenue, Gross Profit, Research and Development (R&D), Selling, General and Administrative Expense (SG&A), Operating Income, Income Tax Expense, Interest Expense, Non-Operating Income, Earnings per Share (EPS), and Shares Outstanding.
All numbers are times 1,000,000 except per share units.
|
2020 09-30 |
2020 12-31 |
2021 03-31 |
2021 06-30 |
2021 09-30 |
2021 12-31 |
2022 03-31 |
2022 06-30 |
2022 09-30 |
2022 12-31 |
2023 03-31 |
2023 06-30 |
2023 09-30 |
2023 12-31 |
2024 03-31 |
2024 06-30 |
2024 09-30 |
2024 12-31 |
2025 03-31 |
2025 06-30 |
|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3,356 | 3,476 | 3,740 | 4,474 | 4,789 | 5,277 | 5,438 | 6,323 | 7,026 | 7,469 | 7,920 | 7,969 | 7,883 | 7,614 | 7,241 | 6,513 | 6,174 | 5,993 | 5,861 | 5,919 |
| Change (%) | 3.60 | 7.59 | 19.62 | 7.04 | 10.19 | 3.05 | 16.27 | 11.12 | 6.30 | 6.04 | 0.63 | -1.08 | -3.42 | -4.89 | -10.06 | -5.20 | -2.93 | -2.21 | 1.00 | |
| % of Revenue | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 |
| Cost Of Sales | 2,577 | 2,786 | 3,079 | 3,775 | 4,040 | 4,351 | 4,525 | 5,224 | 5,793 | 6,204 | 6,518 | 6,498 | 6,466 | 6,317 | 6,010 | 5,440 | 5,162 | 4,961 | 4,941 | 4,776 |
| Change (%) | 8.11 | 10.50 | 22.61 | 7.02 | 7.69 | 4.02 | 15.43 | 10.89 | 7.10 | 5.06 | -0.30 | -0.49 | -2.30 | -4.86 | -9.49 | -5.11 | -3.90 | -0.41 | -3.33 | |
| % of Revenue | 76.80 | 80.14 | 82.32 | 84.38 | 84.36 | 82.44 | 83.22 | 82.62 | 82.45 | 83.06 | 82.30 | 81.54 | 82.03 | 82.97 | 83.00 | 83.53 | 83.61 | 82.77 | 84.30 | 80.69 |
| Gross Operating Profit | 778 | 690 | 661 | 699 | 749 | 926 | 913 | 1,099 | 1,233 | 1,265 | 1,402 | 1,471 | 1,417 | 1,296 | 1,231 | 1,072 | 1,012 | 1,032 | 920 | 1,143 |
| Change (%) | -11.31 | -4.20 | 5.68 | 7.18 | 23.68 | -1.48 | 20.41 | 12.19 | 2.58 | 10.84 | 4.96 | -3.71 | -8.52 | -5.03 | -12.87 | -5.65 | 2.02 | -10.87 | 24.23 | |
| % of Revenue | 23.20 | 19.86 | 17.68 | 15.62 | 15.64 | 17.56 | 16.78 | 17.38 | 17.55 | 16.94 | 17.70 | 18.46 | 17.97 | 17.03 | 17.00 | 16.47 | 16.39 | 17.23 | 15.70 | 19.31 |
| SG&A | 408 | 438 | 484 | 536 | 611 | 702 | 722 | 815 | 899 | 841 | 836 | 817 | 763 | 804 | 820 | 826 | 848 | 916 | 930 | 1,059 |
| Change (%) | 7.35 | 10.48 | 10.82 | 13.91 | 14.84 | 2.87 | 13.00 | 10.20 | -6.44 | -0.55 | -2.23 | -6.62 | 5.37 | 2.00 | 0.65 | 2.71 | 8.07 | 1.45 | 13.93 | |
| % of Revenue | 12.16 | 12.60 | 12.94 | 11.99 | 12.75 | 13.29 | 13.27 | 12.90 | 12.79 | 11.26 | 10.56 | 10.26 | 9.68 | 10.56 | 11.33 | 12.68 | 13.73 | 15.29 | 15.86 | 17.90 |
| R&D | 45 | 45 | 48 | 50 | 49 | 58 | 59 | 64 | 69 | 70 | 74 | 79 | 90 | 101 | 118 | 120 | 122 | 121 | 111 | 110 |
| Change (%) | -0.31 | 5.30 | 4.70 | -1.31 | 18.86 | 1.42 | 8.26 | 6.85 | 1.90 | 5.77 | 6.89 | 13.95 | 12.11 | 16.83 | 2.07 | 1.30 | -0.84 | -8.27 | -0.78 | |
| % of Revenue | 1.35 | 1.30 | 1.27 | 1.11 | 1.03 | 1.11 | 1.09 | 1.01 | 0.98 | 0.93 | 0.93 | 0.99 | 1.14 | 1.32 | 1.63 | 1.85 | 1.97 | 2.02 | 1.89 | 1.86 |
| OpEx | 3,005 | 3,245 | 3,579 | 4,332 | 4,653 | 5,072 | 5,261 | 6,056 | 6,723 | 7,055 | 7,376 | 7,317 | 7,237 | 7,143 | 6,868 | 6,315 | 6,060 | 5,905 | 5,876 | 5,855 |
| Change (%) | 8.00 | 10.29 | 21.04 | 7.41 | 9.01 | 3.73 | 15.11 | 11.02 | 4.93 | 4.55 | -0.79 | -1.10 | -1.29 | -3.86 | -8.04 | -4.05 | -2.56 | -0.48 | -0.36 | |
| % of Revenue | 89.55 | 93.34 | 95.69 | 96.83 | 97.16 | 96.12 | 96.74 | 95.78 | 95.70 | 94.46 | 93.13 | 91.82 | 91.80 | 93.82 | 94.84 | 96.97 | 98.14 | 98.52 | 100.26 | 98.91 |
| Operating Income | 351 | 231 | 161 | 142 | 136 | 205 | 177 | 267 | 302 | 414 | 544 | 652 | 646 | 470 | 374 | 197 | 115 | 89 | -15 | 65 |
| Change (%) | -34.04 | -30.39 | -11.85 | -4.19 | 50.74 | -13.64 | 50.68 | 13.33 | 36.86 | 31.44 | 19.86 | -0.87 | -27.25 | -20.48 | -47.20 | -41.91 | -22.60 | -117.03 | -527.77 | |
| % of Revenue | 10.45 | 6.66 | 4.31 | 3.17 | 2.84 | 3.88 | 3.26 | 4.22 | 4.30 | 5.54 | 6.87 | 8.18 | 8.20 | 6.18 | 5.16 | 3.03 | 1.86 | 1.48 | -0.26 | 1.09 |
| Interest Expense | -75 | -73 | -69 | -67 | -62 | -58 | -59 | -64 | -70 | -74 | -79 | -90 | -101 | -114 | -129 | -131 | -135 | -137 | -143 | -155 |
| Change (%) | -2.03 | -5.94 | -3.15 | -7.16 | -5.88 | 1.08 | 8.36 | 9.27 | 6.70 | 6.93 | 13.53 | 12.08 | 12.92 | 12.64 | 2.00 | 3.23 | 1.59 | 4.09 | 8.24 | |
| % of Revenue | -2.22 | -2.10 | -1.84 | -1.49 | -1.29 | -1.10 | -1.08 | -1.01 | -0.99 | -0.99 | -1.00 | -1.13 | -1.28 | -1.50 | -1.77 | -2.01 | -2.19 | -2.29 | -2.44 | -2.62 |
| Net Income | 208 | 147 | 59 | 50 | 76 | 95 | 82 | 145 | 188 | 240 | 314 | 410 | 353 | 274 | 203 | 37 | 1 | 36 | -10 | -7 |
| Change (%) | -29.40 | -59.88 | -15.88 | 53.35 | 25.46 | -14.25 | 77.38 | 29.83 | 27.58 | 31.05 | 30.37 | -13.80 | -22.42 | -26.03 | -81.92 | -97.92 | 4,631.10 | -128.49 | -32.86 | |
| % of Revenue | 6.19 | 4.22 | 1.57 | 1.11 | 1.59 | 1.80 | 1.50 | 2.29 | 2.68 | 3.21 | 3.97 | 5.14 | 4.48 | 3.60 | 2.80 | 0.56 | 0.01 | 0.60 | -0.18 | -0.12 |
Source: Capital IQ
