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Side-by-side financial comparison of Canadian Solar Inc. (CSIQ) and Duke Energy (DUK). Click either name above to swap in a different company.
Duke Energy is the larger business by last-quarter revenue ($7.9B vs $4.5B, roughly 1.8× Canadian Solar Inc.). Duke Energy runs the higher net margin — 20.0% vs 1.3%, a 18.7% 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.
Duke Energy Corporation is an American electric power and natural gas holding company headquartered in Charlotte, North Carolina. The company serves over 7 million customers in the eastern United States. In 2024 it ranked as the 141st largest company in the United States – its highest-ever placement on the Fortune 500 list.
CSIQ vs DUK — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.5B | $7.9B |
| Net Profit | $57.6M | $1.6B |
| Gross Margin | 17.5% | — |
| Operating Margin | 2.2% | 34.6% |
| Net Margin | 1.3% | 20.0% |
| Revenue YoY | — | 491.0% |
| Net Profit YoY | — | 603.6% |
| 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 | — | $7.9B | ||
| Q4 25 | — | $7.8B | ||
| Q3 25 | $4.5B | $8.4B | ||
| Q2 25 | $3.0B | $7.4B | ||
| Q1 25 | $1.3B | $8.2B | ||
| Q4 24 | — | $7.2B | ||
| Q3 24 | $5.9B | $8.1B | ||
| Q2 24 | $4.1B | $7.2B |
| Q1 26 | — | $1.6B | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | $57.6M | $1.4B | ||
| Q2 25 | $63.6M | $984.0M | ||
| Q1 25 | $36.2M | $1.4B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | $366.8M | $1.3B | ||
| Q2 24 | $304.4M | $900.0M |
| Q1 26 | — | — | ||
| 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 26 | — | 34.6% | ||
| Q4 25 | — | 27.3% | ||
| Q3 25 | 2.2% | 27.9% | ||
| Q2 25 | 3.3% | 24.8% | ||
| Q1 25 | 3.7% | 28.5% | ||
| Q4 24 | — | 29.2% | ||
| Q3 24 | 7.7% | 26.4% | ||
| Q2 24 | 9.1% | 23.9% |
| Q1 26 | — | 20.0% | ||
| Q4 25 | — | 15.2% | ||
| Q3 25 | 1.3% | 17.0% | ||
| Q2 25 | 2.1% | 13.3% | ||
| Q1 25 | 2.7% | 16.8% | ||
| Q4 24 | — | 16.6% | ||
| Q3 24 | 6.2% | 15.8% | ||
| Q2 24 | 7.5% | 12.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.49 | ||
| Q3 25 | — | $1.81 | ||
| Q2 25 | — | $1.25 | ||
| Q1 25 | — | $1.76 | ||
| Q4 24 | — | $1.54 | ||
| Q3 24 | — | $1.60 | ||
| Q2 24 | — | $1.13 |
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 | $2.1B |
| Total DebtLower is stronger | — | $54.1B |
| Stockholders' EquityBook value | $3.9B | $56.5B |
| Total Assets | $13.5B | $198.0B |
| Debt / EquityLower = less leverage | — | 0.96× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $2.1B | ||
| Q4 25 | — | $245.0M | ||
| Q3 25 | $1.7B | $688.0M | ||
| Q2 25 | $1.7B | $344.0M | ||
| Q1 25 | $1.7B | $475.0M | ||
| Q4 24 | — | $314.0M | ||
| Q3 24 | $1.9B | $376.0M | ||
| Q2 24 | $1.9B | $390.0M |
| Q1 26 | — | $54.1B | ||
| Q4 25 | — | $80.1B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $76.3B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $56.5B | ||
| Q4 25 | — | $51.8B | ||
| Q3 25 | $3.9B | $51.5B | ||
| Q2 25 | $3.9B | $50.9B | ||
| Q1 25 | $3.9B | $50.7B | ||
| Q4 24 | — | $50.1B | ||
| Q3 24 | $3.7B | $49.1B | ||
| Q2 24 | $3.7B | $49.7B |
| Q1 26 | — | $198.0B | ||
| Q4 25 | — | $195.7B | ||
| Q3 25 | $13.5B | $192.3B | ||
| Q2 25 | $13.5B | $189.7B | ||
| Q1 25 | $13.5B | $187.5B | ||
| Q4 24 | — | $186.3B | ||
| Q3 24 | $11.9B | $183.6B | ||
| Q2 24 | $11.9B | $181.6B |
| Q1 26 | — | 0.96× | ||
| Q4 25 | — | 1.55× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.52× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $-65.0M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | -3.26× | -0.04× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $-65.0M | ||
| Q4 25 | — | $3.7B | ||
| Q3 25 | $-187.7M | $3.6B | ||
| Q2 25 | — | $2.9B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | — | $3.4B | ||
| Q3 24 | — | $3.5B | ||
| Q2 24 | — | $3.0B |
| Q1 26 | — | — | ||
| Q4 25 | — | $-485.0M | ||
| Q3 25 | — | $179.0M | ||
| Q2 25 | — | $-417.0M | ||
| Q1 25 | — | $-971.0M | ||
| Q4 24 | — | $288.0M | ||
| Q3 24 | — | $537.0M | ||
| Q2 24 | — | $-43.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | -6.2% | ||
| Q3 25 | — | 2.1% | ||
| Q2 25 | — | -5.7% | ||
| Q1 25 | — | -11.8% | ||
| Q4 24 | — | 4.0% | ||
| Q3 24 | — | 6.6% | ||
| Q2 24 | — | -0.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 53.3% | ||
| Q3 25 | — | 41.2% | ||
| Q2 25 | — | 44.5% | ||
| Q1 25 | — | 38.3% | ||
| Q4 24 | — | 42.7% | ||
| Q3 24 | — | 36.8% | ||
| Q2 24 | — | 41.9% |
| Q1 26 | — | -0.04× | ||
| Q4 25 | — | 3.09× | ||
| Q3 25 | -3.26× | 2.56× | ||
| Q2 25 | — | 2.91× | ||
| Q1 25 | — | 1.58× | ||
| Q4 24 | — | 2.80× | ||
| Q3 24 | — | 2.75× | ||
| Q2 24 | — | 3.28× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CSIQ
Segment breakdown not available.
DUK
| Regulated electric | $7.8B | 99% |
| Nonregulated electric and other | $61.0M | 1% |
