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Side-by-side financial comparison of Canadian Solar Inc. (CSIQ) and SMITHFIELD FOODS INC (SFD). Click either name above to swap in a different company.

Canadian Solar Inc. is the larger business by last-quarter revenue ($4.5B vs $3.8B, roughly 1.2× SMITHFIELD FOODS INC). SMITHFIELD FOODS INC runs the higher net margin — 6.6% vs 1.3%, a 5.3% 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.

Smithfield Foods, Inc., is a Hong Kong-owned pork producer and food-processing company based in Smithfield, Virginia. Founded in 1936 as the Smithfield Packing Company by Joseph W. Luter and his son, the company is the largest pig and pork producer in the world. In addition to owning over 500 farms in the US, Smithfield contracts with another 2,000 independent farms around the country to raise Smithfield's pigs. Outside the US, the company has facilities in Mexico, Poland, Romania, Germany, S...

CSIQ vs SFD — Head-to-Head

Bigger by revenue
CSIQ
CSIQ
1.2× larger
CSIQ
$4.5B
$3.8B
SFD
Higher net margin
SFD
SFD
5.3% more per $
SFD
6.6%
1.3%
CSIQ

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
CSIQ
CSIQ
SFD
SFD
Revenue
$4.5B
$3.8B
Net Profit
$57.6M
$249.0M
Gross Margin
17.5%
13.4%
Operating Margin
2.2%
8.8%
Net Margin
1.3%
6.6%
Revenue YoY
0.8%
Net Profit YoY
9.7%
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.

Revenue
CSIQ
CSIQ
SFD
SFD
Q1 26
$3.8B
Q4 25
$4.2B
Q3 25
$4.5B
$3.7B
Q2 25
$3.0B
$3.8B
Q1 25
$1.3B
$3.8B
Q4 24
$4.0B
Q3 24
$5.9B
$3.3B
Q2 24
$4.1B
$3.4B
Net Profit
CSIQ
CSIQ
SFD
SFD
Q1 26
$249.0M
Q4 25
$327.0M
Q3 25
$57.6M
$248.0M
Q2 25
$63.6M
$188.0M
Q1 25
$36.2M
$224.0M
Q4 24
$205.0M
Q3 24
$366.8M
$291.0M
Q2 24
$304.4M
$301.0M
Gross Margin
CSIQ
CSIQ
SFD
SFD
Q1 26
13.4%
Q4 25
14.2%
Q3 25
17.5%
12.8%
Q2 25
18.0%
13.2%
Q1 25
19.0%
13.5%
Q4 24
13.5%
Q3 24
18.0%
14.3%
Q2 24
18.7%
15.4%
Operating Margin
CSIQ
CSIQ
SFD
SFD
Q1 26
8.8%
Q4 25
9.5%
Q3 25
2.2%
8.3%
Q2 25
3.3%
6.9%
Q1 25
3.7%
8.5%
Q4 24
8.5%
Q3 24
7.7%
8.5%
Q2 24
9.1%
9.8%
Net Margin
CSIQ
CSIQ
SFD
SFD
Q1 26
6.6%
Q4 25
7.7%
Q3 25
1.3%
6.6%
Q2 25
2.1%
5.0%
Q1 25
2.7%
5.9%
Q4 24
5.2%
Q3 24
6.2%
8.7%
Q2 24
7.5%
8.8%
EPS (diluted)
CSIQ
CSIQ
SFD
SFD
Q1 26
Q4 25
$0.83
Q3 25
$0.63
Q2 25
$0.48
Q1 25
$0.57
Q4 24
$0.54
Q3 24
$0.77
Q2 24
$0.79

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CSIQ
CSIQ
SFD
SFD
Cash + ST InvestmentsLiquidity on hand
$1.7B
$1.4B
Total DebtLower is stronger
Stockholders' EquityBook value
$3.9B
$6.9B
Total Assets
$13.5B
$12.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CSIQ
CSIQ
SFD
SFD
Q1 26
$1.4B
Q4 25
Q3 25
$1.7B
Q2 25
$1.7B
Q1 25
$1.7B
Q4 24
Q3 24
$1.9B
Q2 24
$1.9B
Total Debt
CSIQ
CSIQ
SFD
SFD
Q1 26
Q4 25
$2.0B
Q3 25
$2.0B
Q2 25
$2.0B
Q1 25
$2.0B
Q4 24
$2.0B
Q3 24
Q2 24
Stockholders' Equity
CSIQ
CSIQ
SFD
SFD
Q1 26
$6.9B
Q4 25
$6.8B
Q3 25
$3.9B
$6.5B
Q2 25
$3.9B
$6.3B
Q1 25
$3.9B
$6.2B
Q4 24
$5.8B
Q3 24
$3.7B
Q2 24
$3.7B
Total Assets
CSIQ
CSIQ
SFD
SFD
Q1 26
$12.0B
Q4 25
$12.2B
Q3 25
$13.5B
$11.5B
Q2 25
$13.5B
$11.2B
Q1 25
$13.5B
$11.1B
Q4 24
$11.1B
Q3 24
$11.9B
Q2 24
$11.9B
Debt / Equity
CSIQ
CSIQ
SFD
SFD
Q1 26
Q4 25
0.29×
Q3 25
0.31×
Q2 25
0.32×
Q1 25
0.32×
Q4 24
0.34×
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
CSIQ
CSIQ
SFD
SFD
Operating Cash FlowLast quarter
$-187.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
2.3%
Cash ConversionOCF / Net Profit
-3.26×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CSIQ
CSIQ
SFD
SFD
Q1 26
Q4 25
$938.0M
Q3 25
$-187.7M
$13.0M
Q2 25
$274.0M
Q1 25
$-166.0M
Q4 24
Q3 24
Q2 24
Free Cash Flow
CSIQ
CSIQ
SFD
SFD
Q1 26
Q4 25
$842.0M
Q3 25
$-75.0M
Q2 25
$196.0M
Q1 25
$-245.0M
Q4 24
Q3 24
Q2 24
FCF Margin
CSIQ
CSIQ
SFD
SFD
Q1 26
Q4 25
19.9%
Q3 25
-2.0%
Q2 25
5.2%
Q1 25
-6.5%
Q4 24
Q3 24
Q2 24
Capex Intensity
CSIQ
CSIQ
SFD
SFD
Q1 26
2.3%
Q4 25
2.3%
Q3 25
2.3%
Q2 25
2.1%
Q1 25
2.1%
Q4 24
2.1%
Q3 24
2.8%
Q2 24
2.3%
Cash Conversion
CSIQ
CSIQ
SFD
SFD
Q1 26
Q4 25
2.87×
Q3 25
-3.26×
0.05×
Q2 25
1.46×
Q1 25
-0.74×
Q4 24
Q3 24
Q2 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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