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Side-by-side financial comparison of Canadian Solar Inc. (CSIQ) and EMCOR Group, Inc. (EME). Click either name above to swap in a different company.
EMCOR Group, Inc. is the larger business by last-quarter revenue ($4.5B vs $4.5B, roughly 1.0× Canadian Solar Inc.). EMCOR Group, Inc. runs the higher net margin — 9.6% vs 1.3%, a 8.3% 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.
EMCOR Group, Inc., is an engineering, construction, and property management company headquartered in Norwalk, Connecticut.
CSIQ vs EME — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.5B | $4.5B |
| Net Profit | $57.6M | $434.6M |
| Gross Margin | 17.5% | 19.7% |
| Operating Margin | 2.2% | 12.7% |
| Net Margin | 1.3% | 9.6% |
| Revenue YoY | — | 19.7% |
| Net Profit YoY | — | 48.8% |
| EPS (diluted) | — | $9.64 |
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 | — | $4.5B | ||
| Q3 25 | $4.5B | $4.3B | ||
| Q2 25 | $3.0B | $4.3B | ||
| Q1 25 | $1.3B | $3.9B | ||
| Q4 24 | — | $3.8B | ||
| Q3 24 | $5.9B | $3.7B | ||
| Q2 24 | $4.1B | $3.7B | ||
| Q1 24 | — | $3.4B |
| Q4 25 | — | $434.6M | ||
| Q3 25 | $57.6M | $295.4M | ||
| Q2 25 | $63.6M | $302.2M | ||
| Q1 25 | $36.2M | $240.7M | ||
| Q4 24 | — | $292.2M | ||
| Q3 24 | $366.8M | $270.3M | ||
| Q2 24 | $304.4M | $247.6M | ||
| Q1 24 | — | $197.1M |
| Q4 25 | — | 19.7% | ||
| Q3 25 | 17.5% | 19.4% | ||
| Q2 25 | 18.0% | 19.4% | ||
| Q1 25 | 19.0% | 18.7% | ||
| Q4 24 | — | 20.1% | ||
| Q3 24 | 18.0% | 19.9% | ||
| Q2 24 | 18.7% | 18.7% | ||
| Q1 24 | — | 17.2% |
| Q4 25 | — | 12.7% | ||
| Q3 25 | 2.2% | 9.4% | ||
| Q2 25 | 3.3% | 9.6% | ||
| Q1 25 | 3.7% | 8.2% | ||
| Q4 24 | — | 10.3% | ||
| Q3 24 | 7.7% | 9.8% | ||
| Q2 24 | 9.1% | 9.1% | ||
| Q1 24 | — | 7.6% |
| Q4 25 | — | 9.6% | ||
| Q3 25 | 1.3% | 6.9% | ||
| Q2 25 | 2.1% | 7.0% | ||
| Q1 25 | 2.7% | 6.2% | ||
| Q4 24 | — | 7.7% | ||
| Q3 24 | 6.2% | 7.3% | ||
| Q2 24 | 7.5% | 6.8% | ||
| Q1 24 | — | 5.7% |
| Q4 25 | — | $9.64 | ||
| Q3 25 | — | $6.57 | ||
| Q2 25 | — | $6.72 | ||
| Q1 25 | — | $5.26 | ||
| Q4 24 | — | $6.30 | ||
| Q3 24 | — | $5.80 | ||
| Q2 24 | — | $5.25 | ||
| Q1 24 | — | $4.17 |
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 | $1.1B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.9B | $3.7B |
| Total Assets | $13.5B | $9.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.1B | ||
| Q3 25 | $1.7B | $655.1M | ||
| Q2 25 | $1.7B | $486.0M | ||
| Q1 25 | $1.7B | $576.7M | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | $1.9B | $1.0B | ||
| Q2 24 | $1.9B | $807.3M | ||
| Q1 24 | — | $841.0M |
| Q4 25 | — | $3.7B | ||
| Q3 25 | $3.9B | $3.3B | ||
| Q2 25 | $3.9B | $3.1B | ||
| Q1 25 | $3.9B | $2.9B | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | $3.7B | $2.8B | ||
| Q2 24 | $3.7B | $2.7B | ||
| Q1 24 | — | $2.6B |
| Q4 25 | — | $9.3B | ||
| Q3 25 | $13.5B | $8.6B | ||
| Q2 25 | $13.5B | $8.4B | ||
| Q1 25 | $13.5B | $8.1B | ||
| Q4 24 | — | $7.7B | ||
| Q3 24 | $11.9B | $7.3B | ||
| Q2 24 | $11.9B | $7.1B | ||
| Q1 24 | — | $6.7B |
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 | $524.4M |
| Free Cash FlowOCF − Capex | — | $492.5M |
| FCF MarginFCF / Revenue | — | 10.9% |
| Capex IntensityCapex / Revenue | — | 0.7% |
| Cash ConversionOCF / Net Profit | -3.26× | 1.21× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $524.4M | ||
| Q3 25 | $-187.7M | $475.5M | ||
| Q2 25 | — | $193.7M | ||
| Q1 25 | — | $108.5M | ||
| Q4 24 | — | $469.5M | ||
| Q3 24 | — | $526.4M | ||
| Q2 24 | — | $279.7M | ||
| Q1 24 | — | $132.3M |
| Q4 25 | — | $492.5M | ||
| Q3 25 | — | $448.8M | ||
| Q2 25 | — | $165.6M | ||
| Q1 25 | — | $82.3M | ||
| Q4 24 | — | $451.8M | ||
| Q3 24 | — | $508.7M | ||
| Q2 24 | — | $260.4M | ||
| Q1 24 | — | $112.0M |
| Q4 25 | — | 10.9% | ||
| Q3 25 | — | 10.4% | ||
| Q2 25 | — | 3.8% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | — | 12.0% | ||
| Q3 24 | — | 13.8% | ||
| Q2 24 | — | 7.1% | ||
| Q1 24 | — | 3.3% |
| Q4 25 | — | 0.7% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | — | 0.6% |
| Q4 25 | — | 1.21× | ||
| Q3 25 | -3.26× | 1.61× | ||
| Q2 25 | — | 0.64× | ||
| Q1 25 | — | 0.45× | ||
| Q4 24 | — | 1.61× | ||
| Q3 24 | — | 1.95× | ||
| Q2 24 | — | 1.13× | ||
| Q1 24 | — | 0.67× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
