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Side-by-side financial comparison of Canadian Solar Inc. (CSIQ) and KKR & Co. (KKR). Click either name above to swap in a different company.
KKR & Co. is the larger business by last-quarter revenue ($5.7B vs $4.5B, roughly 1.3× Canadian Solar Inc.). KKR & Co. 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.
KKR & Co. Inc., also known as Kohlberg Kravis Roberts & Co., is an American global private equity and investment company. As of December 31, 2024, the firm had completed 770 private-equity investments with approximately $790 billion of total enterprise value. Its assets under management (AUM) and fee paying assets under management (FPAUM) were $553 billion and $446 billion, respectively.
CSIQ vs KKR — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.5B | $5.7B |
| Net Profit | $57.6M | $1.1B |
| Gross Margin | 17.5% | — |
| Operating Margin | 2.2% | 45.3% |
| Net Margin | 1.3% | 20.0% |
| Revenue YoY | — | 76.1% |
| Net Profit YoY | — | 1.8% |
| 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.
| Q4 25 | — | $5.7B | ||
| Q3 25 | $4.5B | $5.5B | ||
| Q2 25 | $3.0B | $5.1B | ||
| Q1 25 | $1.3B | $3.1B | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | $5.9B | $4.8B | ||
| Q2 24 | $4.1B | $4.2B | ||
| Q1 24 | — | $9.7B |
| Q4 25 | — | $1.1B | ||
| Q3 25 | $57.6M | $900.4M | ||
| Q2 25 | $63.6M | $510.1M | ||
| Q1 25 | $36.2M | $-185.9M | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | $366.8M | $600.5M | ||
| Q2 24 | $304.4M | $667.9M | ||
| Q1 24 | — | $682.2M |
| 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 | — | 45.3% | ||
| Q3 25 | 2.2% | 39.8% | ||
| Q2 25 | 3.3% | 30.0% | ||
| Q1 25 | 3.7% | 24.8% | ||
| Q4 24 | — | 50.4% | ||
| Q3 24 | 7.7% | 34.3% | ||
| Q2 24 | 9.1% | 29.0% | ||
| Q1 24 | — | 14.1% |
| Q4 25 | — | 20.0% | ||
| Q3 25 | 1.3% | 16.3% | ||
| Q2 25 | 2.1% | 10.0% | ||
| Q1 25 | 2.7% | -6.0% | ||
| Q4 24 | — | 34.5% | ||
| Q3 24 | 6.2% | 12.5% | ||
| Q2 24 | 7.5% | 16.0% | ||
| Q1 24 | — | 7.1% |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.9B | $30.9B |
| Total Assets | $13.5B | $410.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $1.9B | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $30.9B | ||
| Q3 25 | $3.9B | $29.7B | ||
| Q2 25 | $3.9B | $28.2B | ||
| Q1 25 | $3.9B | $27.5B | ||
| Q4 24 | — | $23.7B | ||
| Q3 24 | $3.7B | $24.1B | ||
| Q2 24 | $3.7B | $21.7B | ||
| Q1 24 | — | $21.4B |
| Q4 25 | — | $410.1B | ||
| Q3 25 | $13.5B | $398.5B | ||
| Q2 25 | $13.5B | $380.9B | ||
| Q1 25 | $13.5B | $372.4B | ||
| Q4 24 | — | $360.1B | ||
| Q3 24 | $11.9B | $360.7B | ||
| Q2 24 | $11.9B | $348.5B | ||
| Q1 24 | — | $339.8B |
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 | $-4.9B |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | -3.26× | -4.28× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-4.9B | ||
| Q3 25 | $-187.7M | $2.4B | ||
| Q2 25 | — | $438.8M | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | — | $-111.7M | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $3.4B | ||
| Q1 24 | — | $1.5B |
| Q4 25 | — | -4.28× | ||
| Q3 25 | -3.26× | 2.65× | ||
| Q2 25 | — | 0.86× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -0.10× | ||
| Q3 24 | — | 3.12× | ||
| Q2 24 | — | 5.03× | ||
| Q1 24 | — | 2.24× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CSIQ
Segment breakdown not available.
KKR
| Insurance Segment | $3.5B | 61% |
| Asset Management1 | $703.7M | 12% |
| Transaction Fee | $512.0M | 9% |
| Transaction And Monitoring Fees | $268.7M | 5% |
| Fee Credit | $230.1M | 4% |
| Other | $201.5M | 4% |
| Fixed Annuity | $77.0M | 1% |
| Asset Management Segment | $56.9M | 1% |
| Monitoring Fee | $53.5M | 1% |
| Investment Advice | $40.6M | 1% |
| Fee Related Performance | $33.6M | 1% |
| Interest Sensitive Life | $21.7M | 0% |
| Incentive Fee | $11.0M | 0% |
