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Side-by-side financial comparison of Canadian Solar Inc. (CSIQ) and Cushman & Wakefield Ltd. (CWK). Click either name above to swap in a different company.
Canadian Solar Inc. is the larger business by last-quarter revenue ($4.5B vs $2.9B, roughly 1.5× Cushman & Wakefield Ltd.). Canadian Solar Inc. runs the higher net margin — 1.3% vs -0.8%, a 2.1% gap on every dollar of revenue.
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.
Cushman & Wakefield Inc. is an American global commercial real estate and property management services firm. The company's corporate headquarters is located in Chicago, Illinois. It is named after co-founders J. Clydesdale Cushman and Bernard Wakefield.
CSIQ vs CWK — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.5B | $2.9B |
| Net Profit | $57.6M | $-22.4M |
| Gross Margin | 17.5% | — |
| Operating Margin | 2.2% | 6.1% |
| Net Margin | 1.3% | -0.8% |
| Revenue YoY | — | 10.8% |
| Net Profit YoY | — | -119.8% |
| EPS (diluted) | — | $-0.10 |
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.
| Q4 25 | — | $2.9B | ||
| Q3 25 | $4.5B | $2.6B | ||
| Q2 25 | $3.0B | $2.5B | ||
| Q1 25 | $1.3B | $2.3B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | $5.9B | $2.3B | ||
| Q2 24 | $4.1B | $2.3B | ||
| Q1 24 | — | $2.2B |
| Q4 25 | — | $-22.4M | ||
| Q3 25 | $57.6M | $51.4M | ||
| Q2 25 | $63.6M | $57.3M | ||
| Q1 25 | $36.2M | $1.9M | ||
| Q4 24 | — | $112.9M | ||
| Q3 24 | $366.8M | $33.7M | ||
| Q2 24 | $304.4M | $13.5M | ||
| Q1 24 | — | $-28.8M |
| Q4 25 | — | — | ||
| Q3 25 | 17.5% | — | ||
| Q2 25 | 18.0% | — | ||
| Q1 25 | 19.0% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 18.0% | — | ||
| Q2 24 | 18.7% | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 6.1% | ||
| Q3 25 | 2.2% | 4.1% | ||
| Q2 25 | 3.3% | 4.9% | ||
| Q1 25 | 3.7% | 2.0% | ||
| Q4 24 | — | 6.6% | ||
| Q3 24 | 7.7% | 3.2% | ||
| Q2 24 | 9.1% | 3.1% | ||
| Q1 24 | — | 0.9% |
| Q4 25 | — | -0.8% | ||
| Q3 25 | 1.3% | 2.0% | ||
| Q2 25 | 2.1% | 2.3% | ||
| Q1 25 | 2.7% | 0.1% | ||
| Q4 24 | — | 4.3% | ||
| Q3 24 | 6.2% | 1.4% | ||
| Q2 24 | 7.5% | 0.6% | ||
| Q1 24 | — | -1.3% |
| Q4 25 | — | $-0.10 | ||
| Q3 25 | — | $0.22 | ||
| Q2 25 | — | $0.25 | ||
| Q1 25 | — | $0.01 | ||
| Q4 24 | — | $0.49 | ||
| Q3 24 | — | $0.14 | ||
| Q2 24 | — | $0.06 | ||
| Q1 24 | — | $-0.13 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.7B | $784.2M |
| Total DebtLower is stronger | — | $2.7B |
| Stockholders' EquityBook value | $3.9B | $2.0B |
| Total Assets | $13.5B | $7.7B |
| Debt / EquityLower = less leverage | — | 1.40× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $784.2M | ||
| Q3 25 | $1.7B | $634.4M | ||
| Q2 25 | $1.7B | $618.2M | ||
| Q1 25 | $1.7B | $623.2M | ||
| Q4 24 | — | $793.3M | ||
| Q3 24 | $1.9B | $775.4M | ||
| Q2 24 | $1.9B | $567.3M | ||
| Q1 24 | — | $553.5M |
| Q4 25 | — | $2.7B | ||
| Q3 25 | — | $2.8B | ||
| Q2 25 | — | $3.0B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | — | $3.0B | ||
| Q3 24 | — | $3.1B | ||
| Q2 24 | — | $3.1B | ||
| Q1 24 | — | $3.2B |
| Q4 25 | — | $2.0B | ||
| Q3 25 | $3.9B | $2.0B | ||
| Q2 25 | $3.9B | $1.9B | ||
| Q1 25 | $3.9B | $1.8B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | $3.7B | $1.7B | ||
| Q2 24 | $3.7B | $1.6B | ||
| Q1 24 | — | $1.6B |
| Q4 25 | — | $7.7B | ||
| Q3 25 | $13.5B | $7.7B | ||
| Q2 25 | $13.5B | $7.6B | ||
| Q1 25 | $13.5B | $7.4B | ||
| Q4 24 | — | $7.5B | ||
| Q3 24 | $11.9B | $7.5B | ||
| Q2 24 | $11.9B | $7.3B | ||
| Q1 24 | — | $7.5B |
| Q4 25 | — | 1.40× | ||
| Q3 25 | — | 1.45× | ||
| Q2 25 | — | 1.57× | ||
| Q1 25 | — | 1.70× | ||
| Q4 24 | — | 1.73× | ||
| Q3 24 | — | 1.81× | ||
| Q2 24 | — | 1.91× | ||
| Q1 24 | — | 1.96× |
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 | $-187.7M | $257.3M |
| Free Cash FlowOCF − Capex | — | $234.3M |
| FCF MarginFCF / Revenue | — | 8.0% |
| Capex IntensityCapex / Revenue | — | 0.8% |
| Cash ConversionOCF / Net Profit | -3.26× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $293.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $257.3M | ||
| Q3 25 | $-187.7M | $235.5M | ||
| Q2 25 | — | $9.6M | ||
| Q1 25 | — | $-162.0M | ||
| Q4 24 | — | $115.2M | ||
| Q3 24 | — | $196.1M | ||
| Q2 24 | — | $21.8M | ||
| Q1 24 | — | $-125.1M |
| Q4 25 | — | $234.3M | ||
| Q3 25 | — | $225.0M | ||
| Q2 25 | — | $300.0K | ||
| Q1 25 | — | $-166.6M | ||
| Q4 24 | — | $105.9M | ||
| Q3 24 | — | $186.7M | ||
| Q2 24 | — | $10.0M | ||
| Q1 24 | — | $-135.6M |
| Q4 25 | — | 8.0% | ||
| Q3 25 | — | 8.6% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | -7.3% | ||
| Q4 24 | — | 4.0% | ||
| Q3 24 | — | 8.0% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | -6.2% |
| Q4 25 | — | 0.8% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | — | 0.5% |
| Q4 25 | — | — | ||
| Q3 25 | -3.26× | 4.58× | ||
| Q2 25 | — | 0.17× | ||
| Q1 25 | — | -85.26× | ||
| Q4 24 | — | 1.02× | ||
| Q3 24 | — | 5.82× | ||
| Q2 24 | — | 1.61× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CSIQ
Segment breakdown not available.
CWK
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $1.8B | 61% |
| Other | $1.1B | 39% |
