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Side-by-side financial comparison of Canadian Solar Inc. (CSIQ) and TELUS CORP (TU). Click either name above to swap in a different company.

Canadian Solar Inc. is the larger business by last-quarter revenue ($4.5B vs $3.7B, roughly 1.2× TELUS CORP). Canadian Solar Inc. runs the higher net margin — 1.3% vs -4.8%, a 6.1% 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.

Telus Corporation is a Canadian publicly traded holding company and conglomerate, headquartered in Vancouver, British Columbia, which is the parent company of several subsidiaries: Telus Communications offers telephony, television, data and Internet services; Telus Mobility offers wireless services; Telus Health operates companies that provide health products and services; and Telus Digital operates worldwide, providing multilingual customer service outsourcing and digital IT services. Telus ...

CSIQ vs TU — Head-to-Head

Bigger by revenue
CSIQ
CSIQ
1.2× larger
CSIQ
$4.5B
$3.7B
TU
Higher net margin
CSIQ
CSIQ
6.1% more per $
CSIQ
1.3%
-4.8%
TU

Income Statement — Q3 FY2025 vs Q2 FY2025

Metric
CSIQ
CSIQ
TU
TU
Revenue
$4.5B
$3.7B
Net Profit
$57.6M
$-178.8M
Gross Margin
17.5%
90.2%
Operating Margin
2.2%
3.4%
Net Margin
1.3%
-4.8%
Revenue YoY
2.2%
Net Profit YoY
-210.9%
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
TU
TU
Q3 25
$4.5B
Q2 25
$3.0B
$3.7B
Q1 25
$1.3B
Q3 24
$5.9B
Q2 24
$4.1B
$3.6B
Q1 23
$1.3B
Net Profit
CSIQ
CSIQ
TU
TU
Q3 25
$57.6M
Q2 25
$63.6M
$-178.8M
Q1 25
$36.2M
Q3 24
$366.8M
Q2 24
$304.4M
$161.3M
Q1 23
$8.9M
Gross Margin
CSIQ
CSIQ
TU
TU
Q3 25
17.5%
Q2 25
18.0%
90.2%
Q1 25
19.0%
Q3 24
18.0%
Q2 24
18.7%
87.9%
Q1 23
14.5%
Operating Margin
CSIQ
CSIQ
TU
TU
Q3 25
2.2%
Q2 25
3.3%
3.4%
Q1 25
3.7%
Q3 24
7.7%
Q2 24
9.1%
13.7%
Q1 23
1.2%
Net Margin
CSIQ
CSIQ
TU
TU
Q3 25
1.3%
Q2 25
2.1%
-4.8%
Q1 25
2.7%
Q3 24
6.2%
Q2 24
7.5%
4.4%
Q1 23
0.7%

Balance Sheet & Financial Strength

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

Metric
CSIQ
CSIQ
TU
TU
Cash + ST InvestmentsLiquidity on hand
$1.7B
$2.7B
Total DebtLower is stronger
Stockholders' EquityBook value
$3.9B
$11.8B
Total Assets
$13.5B
$44.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CSIQ
CSIQ
TU
TU
Q3 25
$1.7B
Q2 25
$1.7B
$2.7B
Q1 25
$1.7B
Q3 24
$1.9B
Q2 24
$1.9B
$676.7M
Q1 23
$981.4M
Stockholders' Equity
CSIQ
CSIQ
TU
TU
Q3 25
$3.9B
Q2 25
$3.9B
$11.8B
Q1 25
$3.9B
Q3 24
$3.7B
Q2 24
$3.7B
$12.4B
Q1 23
$2.3B
Total Assets
CSIQ
CSIQ
TU
TU
Q3 25
$13.5B
Q2 25
$13.5B
$44.3B
Q1 25
$13.5B
Q3 24
$11.9B
Q2 24
$11.9B
$41.8B
Q1 23
$9.0B

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
TU
TU
Operating Cash FlowLast quarter
$-187.7M
$851.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
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
TU
TU
Q3 25
$-187.7M
Q2 25
$851.2M
Q1 25
Q3 24
Q2 24
$1.0B
Q1 23
Cash Conversion
CSIQ
CSIQ
TU
TU
Q3 25
-3.26×
Q2 25
Q1 25
Q3 24
Q2 24
6.28×
Q1 23

Financial Flow Comparison

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

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