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Side-by-side financial comparison of BANK OF MONTREAL (BMO) and Canadian Solar Inc. (CSIQ). Click either name above to swap in a different company.
BANK OF MONTREAL is the larger business by last-quarter revenue ($7.2B vs $4.5B, roughly 1.6× Canadian Solar Inc.). BANK OF MONTREAL runs the higher net margin — 25.3% vs 1.3%, a 24.0% gap on every dollar of revenue.
The Bank of Montreal, abbreviated as BMO, is a Canadian multinational investment bank and financial services company.
Canadian Solar Inc. is a global renewable energy company. Headquartered in Kitchener, Ontario, the company manufactures solar PV modules, provides battery energy storage solutions and develops utility-scale solar power and battery energy storage projects.
BMO vs CSIQ — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $7.2B | $4.5B |
| Net Profit | $1.8B | $57.6M |
| Gross Margin | — | 17.5% |
| Operating Margin | — | 2.2% |
| Net Margin | 25.3% | 1.3% |
| Revenue YoY | — | — |
| Net Profit YoY | — | — |
| EPS (diluted) | — | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $7.2B | — | ||
| Q3 25 | $6.6B | $4.5B | ||
| Q2 25 | $6.3B | $3.0B | ||
| Q1 25 | — | $1.3B | ||
| Q3 24 | — | $5.9B | ||
| Q2 24 | — | $4.1B | ||
| Q1 23 | — | $1.3B |
| Q1 26 | $1.8B | — | ||
| Q3 25 | $1.7B | $57.6M | ||
| Q2 25 | $1.4B | $63.6M | ||
| Q1 25 | — | $36.2M | ||
| Q3 24 | — | $366.8M | ||
| Q2 24 | — | $304.4M | ||
| Q1 23 | — | $8.9M |
| Q1 26 | — | — | ||
| Q3 25 | — | 17.5% | ||
| Q2 25 | — | 18.0% | ||
| Q1 25 | — | 19.0% | ||
| Q3 24 | — | 18.0% | ||
| Q2 24 | — | 18.7% | ||
| Q1 23 | — | 14.5% |
| Q1 26 | — | — | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | — | 3.3% | ||
| Q1 25 | — | 3.7% | ||
| Q3 24 | — | 7.7% | ||
| Q2 24 | — | 9.1% | ||
| Q1 23 | — | 1.2% |
| Q1 26 | 25.3% | — | ||
| Q3 25 | 25.9% | 1.3% | ||
| Q2 25 | 22.6% | 2.1% | ||
| Q1 25 | — | 2.7% | ||
| Q3 24 | — | 6.2% | ||
| Q2 24 | — | 7.5% | ||
| Q1 23 | — | 0.7% |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $49.2B | $1.7B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $62.6B | $3.9B |
| Total Assets | $1064.4B | $13.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $49.2B | — | ||
| Q3 25 | $42.8B | $1.7B | ||
| Q2 25 | $47.7B | $1.7B | ||
| Q1 25 | — | $1.7B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $1.9B | ||
| Q1 23 | — | $981.4M |
| Q1 26 | $62.6B | — | ||
| Q3 25 | $63.3B | $3.9B | ||
| Q2 25 | $62.7B | $3.9B | ||
| Q1 25 | — | $3.9B | ||
| Q3 24 | — | $3.7B | ||
| Q2 24 | — | $3.7B | ||
| Q1 23 | — | $2.3B |
| Q1 26 | $1064.4B | — | ||
| Q3 25 | $1045.0B | $13.5B | ||
| Q2 25 | $1051.4B | $13.5B | ||
| Q1 25 | — | $13.5B | ||
| Q3 24 | — | $11.9B | ||
| Q2 24 | — | $11.9B | ||
| Q1 23 | — | $9.0B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.3B | $-187.7M |
| Free Cash FlowOCF − Capex | $1.0B | — |
| FCF MarginFCF / Revenue | 14.4% | — |
| Capex IntensityCapex / Revenue | 3.9% | — |
| Cash ConversionOCF / Net Profit | 0.72× | -3.26× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.3B | — | ||
| Q3 25 | $-3.1B | $-187.7M | ||
| Q2 25 | $-2.3B | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 23 | — | — |
| Q1 26 | $1.0B | — | ||
| Q3 25 | $-3.4B | — | ||
| Q2 25 | $-2.7B | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 23 | — | — |
| Q1 26 | 14.4% | — | ||
| Q3 25 | -51.3% | — | ||
| Q2 25 | -41.8% | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 23 | — | — |
| Q1 26 | 3.9% | — | ||
| Q3 25 | 4.5% | — | ||
| Q2 25 | 5.1% | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 23 | — | — |
| Q1 26 | 0.72× | — | ||
| Q3 25 | -1.81× | -3.26× | ||
| Q2 25 | -1.63× | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 23 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
