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Side-by-side financial comparison of Canadian Solar Inc. (CSIQ) and Molson Coors Beverage Company (TAP). Click either name above to swap in a different company.

Canadian Solar Inc. is the larger business by last-quarter revenue ($4.5B vs $3.1B, roughly 1.4× Molson Coors Beverage Company). Molson Coors Beverage Company runs the higher net margin — 6.7% vs 1.3%, a 5.4% 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.

Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.

CSIQ vs TAP — Head-to-Head

Bigger by revenue
CSIQ
CSIQ
1.4× larger
CSIQ
$4.5B
$3.1B
TAP
Higher net margin
TAP
TAP
5.4% more per $
TAP
6.7%
1.3%
CSIQ

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
CSIQ
CSIQ
TAP
TAP
Revenue
$4.5B
$3.1B
Net Profit
$57.6M
$209.3M
Gross Margin
17.5%
31.0%
Operating Margin
2.2%
Net Margin
1.3%
6.7%
Revenue YoY
6.1%
Net Profit YoY
-28.7%
EPS (diluted)
$1.22

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
TAP
TAP
Q1 26
$3.1B
Q4 25
$3.1B
Q3 25
$4.5B
$3.5B
Q2 25
$3.0B
$3.7B
Q1 25
$1.3B
$2.7B
Q4 24
$3.2B
Q3 24
$5.9B
$3.6B
Q2 24
$4.1B
$3.8B
Net Profit
CSIQ
CSIQ
TAP
TAP
Q1 26
$209.3M
Q4 25
$238.3M
Q3 25
$57.6M
$-2.9B
Q2 25
$63.6M
$428.7M
Q1 25
$36.2M
$121.0M
Q4 24
$287.8M
Q3 24
$366.8M
$199.8M
Q2 24
$304.4M
$427.0M
Gross Margin
CSIQ
CSIQ
TAP
TAP
Q1 26
31.0%
Q4 25
31.0%
Q3 25
17.5%
33.7%
Q2 25
18.0%
34.3%
Q1 25
19.0%
31.6%
Q4 24
32.0%
Q3 24
18.0%
33.4%
Q2 24
18.7%
34.6%
Operating Margin
CSIQ
CSIQ
TAP
TAP
Q1 26
Q4 25
10.4%
Q3 25
2.2%
-98.5%
Q2 25
3.3%
15.6%
Q1 25
3.7%
6.9%
Q4 24
12.0%
Q3 24
7.7%
12.5%
Q2 24
9.1%
15.6%
Net Margin
CSIQ
CSIQ
TAP
TAP
Q1 26
6.7%
Q4 25
7.6%
Q3 25
1.3%
-84.0%
Q2 25
2.1%
11.5%
Q1 25
2.7%
4.5%
Q4 24
8.9%
Q3 24
6.2%
5.5%
Q2 24
7.5%
11.1%
EPS (diluted)
CSIQ
CSIQ
TAP
TAP
Q1 26
$1.22
Q4 25
$1.32
Q3 25
$-14.79
Q2 25
$2.13
Q1 25
$0.59
Q4 24
$1.39
Q3 24
$0.96
Q2 24
$2.03

Balance Sheet & Financial Strength

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

Metric
CSIQ
CSIQ
TAP
TAP
Cash + ST InvestmentsLiquidity on hand
$1.7B
$896.5M
Total DebtLower is stronger
$3.9B
Stockholders' EquityBook value
$3.9B
$10.4B
Total Assets
$13.5B
$22.7B
Debt / EquityLower = less leverage
0.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CSIQ
CSIQ
TAP
TAP
Q1 26
$896.5M
Q4 25
$896.5M
Q3 25
$1.7B
$950.2M
Q2 25
$1.7B
$613.8M
Q1 25
$1.7B
$412.7M
Q4 24
$969.3M
Q3 24
$1.9B
$1.0B
Q2 24
$1.9B
$1.6B
Total Debt
CSIQ
CSIQ
TAP
TAP
Q1 26
$3.9B
Q4 25
$6.3B
Q3 25
$6.3B
Q2 25
$6.3B
Q1 25
$6.2B
Q4 24
$6.1B
Q3 24
$6.2B
Q2 24
$7.0B
Stockholders' Equity
CSIQ
CSIQ
TAP
TAP
Q1 26
$10.4B
Q4 25
$10.2B
Q3 25
$3.9B
$10.3B
Q2 25
$3.9B
$13.4B
Q1 25
$3.9B
$13.1B
Q4 24
$13.1B
Q3 24
$3.7B
$13.3B
Q2 24
$3.7B
$13.2B
Total Assets
CSIQ
CSIQ
TAP
TAP
Q1 26
$22.7B
Q4 25
$22.7B
Q3 25
$13.5B
$22.9B
Q2 25
$13.5B
$26.8B
Q1 25
$13.5B
$25.9B
Q4 24
$26.1B
Q3 24
$11.9B
$26.6B
Q2 24
$11.9B
$27.4B
Debt / Equity
CSIQ
CSIQ
TAP
TAP
Q1 26
0.37×
Q4 25
0.61×
Q3 25
0.61×
Q2 25
0.47×
Q1 25
0.47×
Q4 24
0.47×
Q3 24
0.47×
Q2 24
0.53×

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
TAP
TAP
Operating Cash FlowLast quarter
$-187.7M
Free Cash FlowOCF − Capex
$1.1B
FCF MarginFCF / Revenue
36.5%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-3.26×
TTM Free Cash FlowTrailing 4 quarters
$2.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CSIQ
CSIQ
TAP
TAP
Q1 26
Q4 25
$540.7M
Q3 25
$-187.7M
$616.1M
Q2 25
$718.3M
Q1 25
$-90.7M
Q4 24
$494.5M
Q3 24
$521.2M
Q2 24
$869.2M
Free Cash Flow
CSIQ
CSIQ
TAP
TAP
Q1 26
$1.1B
Q4 25
$357.8M
Q3 25
$483.0M
Q2 25
$555.0M
Q1 25
$-328.0M
Q4 24
$383.4M
Q3 24
$350.4M
Q2 24
$691.7M
FCF Margin
CSIQ
CSIQ
TAP
TAP
Q1 26
36.5%
Q4 25
11.4%
Q3 25
13.9%
Q2 25
14.8%
Q1 25
-12.2%
Q4 24
11.8%
Q3 24
9.7%
Q2 24
18.0%
Capex Intensity
CSIQ
CSIQ
TAP
TAP
Q1 26
Q4 25
5.9%
Q3 25
3.8%
Q2 25
4.4%
Q1 25
8.8%
Q4 24
3.4%
Q3 24
4.7%
Q2 24
4.6%
Cash Conversion
CSIQ
CSIQ
TAP
TAP
Q1 26
Q4 25
2.27×
Q3 25
-3.26×
Q2 25
1.68×
Q1 25
-0.75×
Q4 24
1.72×
Q3 24
2.61×
Q2 24
2.04×

Financial Flow Comparison

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

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