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Side-by-side financial comparison of CANADIAN IMPERIAL BANK OF COMMERCE (CM) and Canadian Solar Inc. (CSIQ). Click either name above to swap in a different company.
CANADIAN IMPERIAL BANK OF COMMERCE is the larger business by last-quarter revenue ($6.1B vs $4.5B, roughly 1.4× Canadian Solar Inc.). CANADIAN IMPERIAL BANK OF COMMERCE runs the higher net margin — 36.9% vs 1.3%, a 35.6% gap on every dollar of revenue.
The Imperial Bank of Canada was a Canadian bank that operated from 1873 to 1961. In 1961, Imperial merged with the Canadian Bank of Commerce to become the Canadian Imperial Bank of Commerce.
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.
CM vs CSIQ — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $6.1B | $4.5B |
| Net Profit | $2.3B | $57.6M |
| Gross Margin | — | 17.5% |
| Operating Margin | — | 2.2% |
| Net Margin | 36.9% | 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 | $6.1B | — | ||
| Q3 25 | $5.3B | $4.5B | ||
| Q2 25 | $5.1B | $3.0B | ||
| Q1 25 | — | $1.3B | ||
| Q3 24 | — | $5.9B | ||
| Q2 24 | — | $4.1B | ||
| Q1 23 | — | $1.3B |
| Q1 26 | $2.3B | — | ||
| Q3 25 | $1.5B | $57.6M | ||
| Q2 25 | $1.5B | $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 | 36.9% | — | ||
| Q3 25 | 28.9% | 1.3% | ||
| Q2 25 | 28.6% | 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 | $8.0B | $1.7B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $47.9B | $3.9B |
| Total Assets | $826.8B | $13.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $8.0B | — | ||
| Q3 25 | $13.9B | $1.7B | ||
| Q2 25 | $10.2B | $1.7B | ||
| Q1 25 | — | $1.7B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $1.9B | ||
| Q1 23 | — | $981.4M |
| Q1 26 | $47.9B | — | ||
| Q3 25 | $45.9B | $3.9B | ||
| Q2 25 | $45.2B | $3.9B | ||
| Q1 25 | — | $3.9B | ||
| Q3 24 | — | $3.7B | ||
| Q2 24 | — | $3.7B | ||
| Q1 23 | — | $2.3B |
| Q1 26 | $826.8B | — | ||
| Q3 25 | $804.6B | $13.5B | ||
| Q2 25 | $795.8B | $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 | $-1.6B | $-187.7M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | -0.69× | -3.26× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $-1.6B | — | ||
| Q3 25 | $4.3B | $-187.7M | ||
| Q2 25 | $667.2M | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 23 | — | — |
| Q1 26 | -0.69× | — | ||
| Q3 25 | 2.80× | -3.26× | ||
| Q2 25 | 0.46× | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 23 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
