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Side-by-side financial comparison of Canadian Solar Inc. (CSIQ) and Block, Inc. (XYZ). Click either name above to swap in a different company.
Block, Inc. is the larger business by last-quarter revenue ($6.3B vs $4.5B, roughly 1.4× Canadian Solar Inc.). Block, Inc. runs the higher net margin — 1.9% vs 1.3%, a 0.6% 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.
Block, Inc. is an American technology company and a financial services provider for consumers and merchants. Founded in 2009 by Jack Dorsey, it is the U.S. market leader in point-of-sale systems. As of 2024, Block serves 57 million users and 4 million sellers, processing $241 billion in payments annually.
CSIQ vs XYZ — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.5B | $6.3B |
| Net Profit | $57.6M | $115.8M |
| Gross Margin | 17.5% | 45.9% |
| Operating Margin | 2.2% | 7.8% |
| Net Margin | 1.3% | 1.9% |
| Revenue YoY | — | 3.6% |
| Net Profit YoY | — | -94.1% |
| EPS (diluted) | — | $0.19 |
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 | — | $6.3B | ||
| Q3 25 | $4.5B | $6.1B | ||
| Q2 25 | $3.0B | $6.1B | ||
| Q1 25 | $1.3B | $5.8B | ||
| Q4 24 | — | $6.0B | ||
| Q3 24 | $5.9B | $6.0B | ||
| Q2 24 | $4.1B | $6.2B | ||
| Q1 24 | — | $6.0B |
| Q4 25 | — | $115.8M | ||
| Q3 25 | $57.6M | $461.5M | ||
| Q2 25 | $63.6M | $538.5M | ||
| Q1 25 | $36.2M | $189.9M | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | $366.8M | $283.8M | ||
| Q2 24 | $304.4M | $195.3M | ||
| Q1 24 | — | $472.0M |
| Q4 25 | — | 45.9% | ||
| Q3 25 | 17.5% | 43.5% | ||
| Q2 25 | 18.0% | 41.9% | ||
| Q1 25 | 19.0% | 39.7% | ||
| Q4 24 | — | 38.3% | ||
| Q3 24 | 18.0% | 37.6% | ||
| Q2 24 | 18.7% | 36.3% | ||
| Q1 24 | — | 35.2% |
| Q4 25 | — | 7.8% | ||
| Q3 25 | 2.2% | 6.7% | ||
| Q2 25 | 3.3% | 8.0% | ||
| Q1 25 | 3.7% | 5.7% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | 7.7% | 5.4% | ||
| Q2 24 | 9.1% | 5.0% | ||
| Q1 24 | — | 4.2% |
| Q4 25 | — | 1.9% | ||
| Q3 25 | 1.3% | 7.5% | ||
| Q2 25 | 2.1% | 8.9% | ||
| Q1 25 | 2.7% | 3.3% | ||
| Q4 24 | — | 32.3% | ||
| Q3 24 | 6.2% | 4.7% | ||
| Q2 24 | 7.5% | 3.2% | ||
| Q1 24 | — | 7.9% |
| Q4 25 | — | $0.19 | ||
| Q3 25 | — | $0.74 | ||
| Q2 25 | — | $0.87 | ||
| Q1 25 | — | $0.30 | ||
| Q4 24 | — | $3.06 | ||
| Q3 24 | — | $0.45 | ||
| Q2 24 | — | $0.31 | ||
| Q1 24 | — | $0.74 |
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 | $6.6B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.9B | $22.2B |
| Total Assets | $13.5B | $39.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $6.6B | ||
| Q3 25 | $1.7B | $8.3B | ||
| Q2 25 | $1.7B | $6.4B | ||
| Q1 25 | $1.7B | $7.1B | ||
| Q4 24 | — | $8.1B | ||
| Q3 24 | $1.9B | $8.3B | ||
| Q2 24 | $1.9B | $7.8B | ||
| Q1 24 | — | $5.8B |
| Q4 25 | — | — | ||
| Q3 25 | — | $7.3B | ||
| Q2 25 | — | $5.1B | ||
| Q1 25 | — | $5.1B | ||
| Q4 24 | — | $6.1B | ||
| Q3 24 | — | $6.1B | ||
| Q2 24 | — | $6.1B | ||
| Q1 24 | — | $4.1B |
| Q4 25 | — | $22.2B | ||
| Q3 25 | $3.9B | $22.5B | ||
| Q2 25 | $3.9B | $22.2B | ||
| Q1 25 | $3.9B | $21.5B | ||
| Q4 24 | — | $21.3B | ||
| Q3 24 | $3.7B | $19.9B | ||
| Q2 24 | $3.7B | $19.3B | ||
| Q1 24 | — | $19.0B |
| Q4 25 | — | $39.5B | ||
| Q3 25 | $13.5B | $39.2B | ||
| Q2 25 | $13.5B | $36.9B | ||
| Q1 25 | $13.5B | $36.4B | ||
| Q4 24 | — | $36.8B | ||
| Q3 24 | $11.9B | $36.4B | ||
| Q2 24 | $11.9B | $37.5B | ||
| Q1 24 | — | $35.6B |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.32× | ||
| Q2 25 | — | 0.23× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.29× | ||
| Q3 24 | — | 0.31× | ||
| Q2 24 | — | 0.32× | ||
| Q1 24 | — | 0.22× |
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 | $621.0M |
| Free Cash FlowOCF − Capex | — | $579.8M |
| FCF MarginFCF / Revenue | — | 9.3% |
| Capex IntensityCapex / Revenue | — | 0.7% |
| Cash ConversionOCF / Net Profit | -3.26× | 5.36× |
| TTM Free Cash FlowTrailing 4 quarters | — | $2.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $621.0M | ||
| Q3 25 | $-187.7M | $1.5B | ||
| Q2 25 | — | $374.3M | ||
| Q1 25 | — | $133.3M | ||
| Q4 24 | — | $13.8M | ||
| Q3 24 | — | $684.8M | ||
| Q2 24 | — | $519.4M | ||
| Q1 24 | — | $489.4M |
| Q4 25 | — | $579.8M | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $343.0M | ||
| Q1 25 | — | $101.5M | ||
| Q4 24 | — | $-13.2M | ||
| Q3 24 | — | $628.2M | ||
| Q2 24 | — | $481.0M | ||
| Q1 24 | — | $457.4M |
| Q4 25 | — | 9.3% | ||
| Q3 25 | — | 22.9% | ||
| Q2 25 | — | 5.7% | ||
| Q1 25 | — | 1.8% | ||
| Q4 24 | — | -0.2% | ||
| Q3 24 | — | 10.5% | ||
| Q2 24 | — | 7.8% | ||
| Q1 24 | — | 7.7% |
| Q4 25 | — | 0.7% | ||
| Q3 25 | — | 0.8% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 0.6% | ||
| Q1 24 | — | 0.5% |
| Q4 25 | — | 5.36× | ||
| Q3 25 | -3.26× | 3.14× | ||
| Q2 25 | — | 0.70× | ||
| Q1 25 | — | 0.70× | ||
| Q4 24 | — | 0.01× | ||
| Q3 24 | — | 2.41× | ||
| Q2 24 | — | 2.66× | ||
| Q1 24 | — | 1.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CSIQ
Segment breakdown not available.
XYZ
| US | $5.7B | 91% |
| Non Us | $560.9M | 9% |
