vs
Side-by-side financial comparison of Canadian Solar Inc. (CSIQ) and LEAR CORP (LEA). Click either name above to swap in a different company.
LEAR CORP is the larger business by last-quarter revenue ($6.0B vs $4.5B, roughly 1.3× Canadian Solar Inc.). LEAR CORP runs the higher net margin — 1.4% vs 1.3%, a 0.1% 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.
Lear Corporation is an American company that manufactures automotive seating and electrical systems. In 2019, it ranked #147 and in 2018, it ranked #148 on the Fortune 500 list.
CSIQ vs LEA — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.5B | $6.0B |
| Net Profit | $57.6M | $82.7M |
| Gross Margin | 17.5% | 5.7% |
| Operating Margin | 2.2% | 2.6% |
| Net Margin | 1.3% | 1.4% |
| Revenue YoY | — | 4.8% |
| Net Profit YoY | — | -6.1% |
| EPS (diluted) | — | $1.58 |
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 | — | $6.0B | ||
| Q3 25 | $4.5B | $5.7B | ||
| Q2 25 | $3.0B | $6.0B | ||
| Q1 25 | $1.3B | $5.6B | ||
| Q4 24 | — | $5.7B | ||
| Q3 24 | $5.9B | $5.6B | ||
| Q2 24 | $4.1B | $6.0B | ||
| Q1 24 | — | $6.0B |
| Q4 25 | — | $82.7M | ||
| Q3 25 | $57.6M | $108.2M | ||
| Q2 25 | $63.6M | $165.2M | ||
| Q1 25 | $36.2M | $80.7M | ||
| Q4 24 | — | $88.1M | ||
| Q3 24 | $366.8M | $135.8M | ||
| Q2 24 | $304.4M | $173.1M | ||
| Q1 24 | — | $109.6M |
| Q4 25 | — | 5.7% | ||
| Q3 25 | 17.5% | 6.4% | ||
| Q2 25 | 18.0% | 7.3% | ||
| Q1 25 | 19.0% | 6.5% | ||
| Q4 24 | — | 6.8% | ||
| Q3 24 | 18.0% | 7.3% | ||
| Q2 24 | 18.7% | 7.5% | ||
| Q1 24 | — | 6.6% |
| Q4 25 | — | 2.6% | ||
| Q3 25 | 2.2% | 3.4% | ||
| Q2 25 | 3.3% | 4.1% | ||
| Q1 25 | 3.7% | 3.3% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | 7.7% | 3.9% | ||
| Q2 24 | 9.1% | 4.3% | ||
| Q1 24 | — | 3.3% |
| Q4 25 | — | 1.4% | ||
| Q3 25 | 1.3% | 1.9% | ||
| Q2 25 | 2.1% | 2.7% | ||
| Q1 25 | 2.7% | 1.5% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | 6.2% | 2.4% | ||
| Q2 24 | 7.5% | 2.9% | ||
| Q1 24 | — | 1.8% |
| Q4 25 | — | $1.58 | ||
| Q3 25 | — | $2.02 | ||
| Q2 25 | — | $3.06 | ||
| Q1 25 | — | $1.49 | ||
| Q4 24 | — | $1.64 | ||
| Q3 24 | — | $2.41 | ||
| Q2 24 | — | $3.02 | ||
| Q1 24 | — | $1.90 |
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 | $1.0B |
| Total DebtLower is stronger | — | $2.7B |
| Stockholders' EquityBook value | $3.9B | $5.0B |
| Total Assets | $13.5B | $14.8B |
| Debt / EquityLower = less leverage | — | 0.54× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.0B | ||
| Q3 25 | $1.7B | $1.0B | ||
| Q2 25 | $1.7B | $887.9M | ||
| Q1 25 | $1.7B | $779.9M | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | $1.9B | $763.9M | ||
| Q2 24 | $1.9B | $950.3M | ||
| Q1 24 | — | $930.4M |
| Q4 25 | — | $2.7B | ||
| Q3 25 | — | $2.8B | ||
| Q2 25 | — | $2.8B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | — | $2.7B | ||
| Q3 24 | — | $2.8B | ||
| Q2 24 | — | $2.7B | ||
| Q1 24 | — | $2.7B |
| Q4 25 | — | $5.0B | ||
| Q3 25 | $3.9B | $5.1B | ||
| Q2 25 | $3.9B | $5.1B | ||
| Q1 25 | $3.9B | $4.7B | ||
| Q4 24 | — | $4.5B | ||
| Q3 24 | $3.7B | $4.8B | ||
| Q2 24 | $3.7B | $4.8B | ||
| Q1 24 | — | $4.9B |
| Q4 25 | — | $14.8B | ||
| Q3 25 | $13.5B | $15.2B | ||
| Q2 25 | $13.5B | $15.3B | ||
| Q1 25 | $13.5B | $14.6B | ||
| Q4 24 | — | $14.0B | ||
| Q3 24 | $11.9B | $14.8B | ||
| Q2 24 | $11.9B | $14.7B | ||
| Q1 24 | — | $14.9B |
| Q4 25 | — | 0.54× | ||
| Q3 25 | — | 0.54× | ||
| Q2 25 | — | 0.54× | ||
| Q1 25 | — | 0.59× | ||
| Q4 24 | — | 0.61× | ||
| Q3 24 | — | 0.58× | ||
| Q2 24 | — | 0.57× | ||
| Q1 24 | — | 0.56× |
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 | $475.9M |
| Free Cash FlowOCF − Capex | — | $281.1M |
| FCF MarginFCF / Revenue | — | 4.7% |
| Capex IntensityCapex / Revenue | — | 3.3% |
| Cash ConversionOCF / Net Profit | -3.26× | 5.75× |
| TTM Free Cash FlowTrailing 4 quarters | — | $527.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $475.9M | ||
| Q3 25 | $-187.7M | $444.4M | ||
| Q2 25 | — | $296.2M | ||
| Q1 25 | — | $-127.7M | ||
| Q4 24 | — | $680.8M | ||
| Q3 24 | — | $182.7M | ||
| Q2 24 | — | $291.2M | ||
| Q1 24 | — | $-34.6M |
| Q4 25 | — | $281.1M | ||
| Q3 25 | — | $307.0M | ||
| Q2 25 | — | $170.8M | ||
| Q1 25 | — | $-231.7M | ||
| Q4 24 | — | $488.7M | ||
| Q3 24 | — | $50.5M | ||
| Q2 24 | — | $170.4M | ||
| Q1 24 | — | $-148.2M |
| Q4 25 | — | 4.7% | ||
| Q3 25 | — | 5.4% | ||
| Q2 25 | — | 2.8% | ||
| Q1 25 | — | -4.2% | ||
| Q4 24 | — | 8.6% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 2.8% | ||
| Q1 24 | — | -2.5% |
| Q4 25 | — | 3.3% | ||
| Q3 25 | — | 2.4% | ||
| Q2 25 | — | 2.1% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | — | 3.4% | ||
| Q3 24 | — | 2.4% | ||
| Q2 24 | — | 2.0% | ||
| Q1 24 | — | 1.9% |
| Q4 25 | — | 5.75× | ||
| Q3 25 | -3.26× | 4.11× | ||
| Q2 25 | — | 1.79× | ||
| Q1 25 | — | -1.58× | ||
| Q4 24 | — | 7.73× | ||
| Q3 24 | — | 1.35× | ||
| Q2 24 | — | 1.68× | ||
| Q1 24 | — | -0.32× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CSIQ
Segment breakdown not available.
LEA
| Other | $3.5B | 59% |
| Seating Segment | $1.9B | 32% |
| E Systems Segment | $520.6M | 9% |
