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Side-by-side financial comparison of Canadian Solar Inc. (CSIQ) and NextEra Energy (NEE). Click either name above to swap in a different company.
NextEra Energy is the larger business by last-quarter revenue ($6.0B vs $4.5B, roughly 1.3× Canadian Solar Inc.). NextEra Energy runs the higher net margin — 25.6% vs 1.3%, a 24.3% 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.
NextEra Energy, Inc. is an American energy company that is the world's largest electric utility holding company by market capitalization, with a valuation of over $170 billion as of Oct 2024. NextEra Energy had revenues of $24.8 billion and 16,700 employees throughout the US and Canada in 2024. It has a current generating capacity of 73 gigawatts. Its subsidiaries include Florida Power & Light (FPL), NextEra Energy Resources (NEER), XPLR Energy Partners, and NextEra Energy Services.
CSIQ vs NEE — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.5B | $6.0B |
| Net Profit | $57.6M | $1.5B |
| Gross Margin | 17.5% | — |
| Operating Margin | 2.2% | 26.4% |
| Net Margin | 1.3% | 25.6% |
| Revenue YoY | — | 11.1% |
| Net Profit YoY | — | 27.6% |
| EPS (diluted) | — | $0.74 |
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 | $7.4B | ||
| Q2 25 | $3.0B | $6.4B | ||
| Q1 25 | $1.3B | $6.0B | ||
| Q4 24 | — | $5.4B | ||
| Q3 24 | $5.9B | $6.7B | ||
| Q2 24 | $4.1B | $6.0B | ||
| Q1 24 | — | $5.4B |
| Q4 25 | — | $1.5B | ||
| Q3 25 | $57.6M | $2.4B | ||
| Q2 25 | $63.6M | $2.0B | ||
| Q1 25 | $36.2M | $833.0M | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | $366.8M | $1.9B | ||
| Q2 24 | $304.4M | $1.6B | ||
| Q1 24 | — | $2.3B |
| 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 | — | 26.4% | ||
| Q3 25 | 2.2% | 34.1% | ||
| Q2 25 | 3.3% | 29.9% | ||
| Q1 25 | 3.7% | 37.6% | ||
| Q4 24 | — | 17.4% | ||
| Q3 24 | 7.7% | 42.6% | ||
| Q2 24 | 9.1% | 27.8% | ||
| Q1 24 | — | 37.3% |
| Q4 25 | — | 25.6% | ||
| Q3 25 | 1.3% | 32.9% | ||
| Q2 25 | 2.1% | 31.7% | ||
| Q1 25 | 2.7% | 13.9% | ||
| Q4 24 | — | 22.3% | ||
| Q3 24 | 6.2% | 27.6% | ||
| Q2 24 | 7.5% | 27.0% | ||
| Q1 24 | — | 42.0% |
| Q4 25 | — | $0.74 | ||
| Q3 25 | — | $1.18 | ||
| Q2 25 | — | $0.98 | ||
| Q1 25 | — | $0.40 | ||
| Q4 24 | — | $0.58 | ||
| Q3 24 | — | $0.90 | ||
| Q2 24 | — | $0.79 | ||
| Q1 24 | — | $1.10 |
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 | $2.8B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.9B | $54.6B |
| Total Assets | $13.5B | $212.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $2.8B | ||
| Q3 25 | $1.7B | $2.4B | ||
| Q2 25 | $1.7B | $1.7B | ||
| Q1 25 | $1.7B | $2.4B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | $1.9B | $2.3B | ||
| Q2 24 | $1.9B | $1.6B | ||
| Q1 24 | — | $1.6B |
| Q4 25 | — | $54.6B | ||
| Q3 25 | $3.9B | $54.2B | ||
| Q2 25 | $3.9B | $50.8B | ||
| Q1 25 | $3.9B | $49.8B | ||
| Q4 24 | — | $50.1B | ||
| Q3 24 | $3.7B | $50.1B | ||
| Q2 24 | $3.7B | $49.1B | ||
| Q1 24 | — | $48.6B |
| Q4 25 | — | $212.7B | ||
| Q3 25 | $13.5B | $204.4B | ||
| Q2 25 | $13.5B | $198.8B | ||
| Q1 25 | $13.5B | $194.3B | ||
| Q4 24 | — | $190.1B | ||
| Q3 24 | $11.9B | $186.0B | ||
| Q2 24 | $11.9B | $184.7B | ||
| Q1 24 | — | $179.9B |
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 | $2.5B |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | -3.26× | 1.63× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $2.5B | ||
| Q3 25 | $-187.7M | $4.0B | ||
| Q2 25 | — | $3.2B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $3.9B | ||
| Q1 24 | — | $3.1B |
| Q4 25 | — | 1.63× | ||
| Q3 25 | -3.26× | 1.65× | ||
| Q2 25 | — | 1.57× | ||
| Q1 25 | — | 3.32× | ||
| Q4 24 | — | 1.65× | ||
| Q3 24 | — | 2.31× | ||
| Q2 24 | — | 2.42× | ||
| Q1 24 | — | 1.36× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CSIQ
Segment breakdown not available.
NEE
| Florida Power Light Company | $4.3B | 71% |
| Other | $1.7B | 29% |
