Canadian Solar (CSIQ) revenue breakdown
By segment, Manufacturing Segment is the largest at 93% of fiscal 2025 revenue; Recurrent Energy Segment grew fastest, 16% a year over 9 years.
By region, United States is the largest at 50% of fiscal 2025 revenue; Australia grew fastest, 30% a year over 9 years.
Revenue by segment
Fiscal years, as Canadian Solar reports them in its 10-K filings; fiscal 2025 total $6.0B.
| Segments | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Manufacturing Segment | $2.8B | $2.9B | $2.4B | $2.6B | $3.1B | $4.4B | $7.0B | $7.2B | $6.5B | $5.6B | 93% |
| Recurrent Energy Segment | $106M | $677M | $1.4B | $719M | $726M | $1.1B | $822M | $498M | $323M | $404M | 7% |
Revenue by region
Fiscal years, as Canadian Solar reports them in its 10-K filings; fiscal 2025 total $5.6B.
| Regions | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| United States | $864M | $629M | $999M | $852M | $696M | $1.6B | $2.0B | $1.5B | $2.8B | $2.8B | 50% |
| PRC including Hong Kong and Taiwan | $585M | $875M | $621M | $317M | $505M | $1.2B | $1.9B | $2.2B | $1.2B | $711M | 13% |
| Britain | $73M | $48M | $101M | $33M | $9M | $8M | $107M | $145M | $185M | $355M | 6% |
| Australia | $34M | $48M | $232M | $313M | $120M | $166M | $394M | $128M | $115M | $348M | 6% |
| Brazil | $33M | $389M | $340M | $395M | $284M | $443M | $623M | $846M | $191M | $229M | 4% |
| Pakistan | — | — | — | $11M | $15M | $49M | $74M | $78M | $266M | $203M | 4% |
| Others | $89M | $68M | $56M | $53M | $54M | $78M | $271M | $643M | $292M | $196M | 4% |
| Japan | $373M | $477M | $483M | $373M | $561M | $509M | $325M | $597M | $151M | $195M | 3% |
| Others | $13M | $86M | $28M | $30M | $17M | $46M | $174M | $284M | $137M | $152M | 3% |
| Spain | $23M | $13M | $59M | $78M | $139M | $101M | $435M | $445M | $222M | $142M | 3% |
| Others | $45M | $116M | $143M | $77M | $91M | $122M | $128M | $299M | $164M | $138M | 2% |
| Germany | $132M | $94M | $96M | $109M | $119M | $232M | $322M | $291M | $198M | $92M | 2% |
| South Africa | $22M | $22M | $54M | $94M | $49M | $91M | $118M | $219M | $75M | $57M | 1% |
| India | $292M | $336M | $146M | $71M | $61M | $142M | $198M | — | — | — | — |
| Canada | $194M | — | — | — | — | — | — | — | — | — | — |
| Netherlands | $37M | $51M | $83M | $69M | $96M | $105M | $136M | — | — | — | — |
| Czech | $2M | $11M | $17M | $18M | $16M | $35M | $79M | — | — | — | — |
| Korea | $29M | $25M | $47M | $73M | — | — | — | — | — | — | — |
| Taiwan | — | — | — | — | $24M | $8M | $67M | — | — | — | — |
| Thailand | — | $4M | $24M | $13M | $6M | $59M | — | — | — | — | — |
| Mexico | — | $5M | $50M | $94M | $119M | $140M | $32M | — | — | — | — |
| Romania | — | — | — | — | $1M | $4M | $32M | — | — | — | — |
| Canada | — | — | $57M | $30M | $100M | $31M | — | — | — | — | — |
| Philippines | — | — | — | — | — | $7M | $27M | — | — | — | — |
| Poland | — | — | — | — | — | — | $26M | — | — | — | — |
| France | — | — | — | $14M | $30M | $26M | — | — | — | — | — |
| Vietnam | — | $462,000 | $4M | $39M | $290M | $20M | — | — | — | — | — |
| Chile | — | — | — | — | $5M | $18M | — | — | — | — | — |
| U.A.E | $5M | $92M | $104M | $43M | $54M | $6M | $16M | — | — | — | — |
| Italy | — | — | — | — | — | $7M | $14M | — | — | — | — |
| Puerto Rico | — | — | — | — | — | $11M | — | — | — | — | — |
| Hong Kong | — | — | — | — | $14M | $10M | — | — | — | — | — |
| Ireland | — | — | — | — | — | $8M | — | — | — | — | — |
| Singapore | $8M | — | — | — | — | — | — | — | — | — | — |
| Cyprus | — | — | — | $2M | — | — | — | — | — | — | — |
| Israel | $464,000 | — | — | — | — | — | — | — | — | — | — |
| Norway | — | — | — | — | — | $157,000 | — | — | — | — | — |
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Where does Canadian Solar make its money?
In fiscal 2025, by segment: Manufacturing Segment $5.6B, Recurrent Energy Segment $404M.
From Canadian Solar's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.