Canadian Solar Past Earnings Performance
Past criteria checks 3/6
Canadian Solar has been growing earnings at an average annual rate of 8%, while the Semiconductor industry saw earnings growing at 35.6% annually. Revenues have been growing at an average rate of 23% per year. Canadian Solar's return on equity is 9.8%, and it has net margins of 3.6%.
Key information
8.0%
Earnings growth rate
5.0%
EPS growth rate
| Semiconductor Industry Growth | 30.6% |
| Revenue growth rate | 23.0% |
| Return on equity | 9.8% |
| Net Margin | 3.6% |
| Next Earnings Update | 09 May 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How Canadian Solar makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 7,614 | 274 | 804 | 101 |
| 30 Sep 23 | 7,883 | 353 | 763 | 90 |
| 30 Jun 23 | 7,969 | 410 | 817 | 79 |
| 31 Mar 23 | 7,920 | 314 | 836 | 74 |
| 31 Dec 22 | 7,469 | 240 | 841 | 70 |
| 30 Sep 22 | 7,026 | 188 | 899 | 69 |
| 30 Jun 22 | 6,323 | 145 | 815 | 64 |
| 31 Mar 22 | 5,438 | 82 | 722 | 59 |
| 31 Dec 21 | 5,277 | 95 | 702 | 58 |
| 30 Sep 21 | 4,789 | 76 | 611 | 49 |
| 30 Jun 21 | 4,474 | 50 | 536 | 50 |
| 31 Mar 21 | 3,740 | 59 | 484 | 48 |
| 31 Dec 20 | 3,476 | 147 | 438 | 45 |
| 30 Sep 20 | 3,356 | 208 | 408 | 45 |
| 30 Jun 20 | 3,201 | 257 | 406 | 43 |
| 31 Mar 20 | 3,541 | 299 | 418 | 44 |
| 31 Dec 19 | 3,201 | 172 | 401 | 47 |
| 30 Sep 19 | 3,182 | 215 | 404 | 52 |
| 30 Jun 19 | 3,190 | 224 | 392 | 51 |
| 31 Mar 19 | 2,804 | 177 | 378 | 48 |
| 31 Dec 18 | 3,745 | 237 | 380 | 44 |
| 30 Sep 18 | 3,952 | 187 | 374 | 37 |
| 30 Jun 18 | 4,096 | 134 | 373 | 34 |
| 31 Mar 18 | 4,138 | 156 | 369 | 33 |
| 31 Dec 17 | 3,390 | 100 | 375 | 29 |
| 30 Sep 17 | 2,950 | 25 | 360 | 23 |
| 30 Jun 17 | 2,695 | 27 | 342 | 21 |
| 31 Mar 17 | 2,809 | 29 | 345 | 19 |
| 31 Dec 16 | 2,853 | 65 | 326 | 17 |
| 30 Sep 16 | 3,305 | 141 | 305 | 19 |
| 30 Jun 16 | 3,497 | 156 | 311 | 18 |
| 31 Mar 16 | 3,328 | 133 | 277 | 18 |
| 31 Dec 15 | 3,468 | 172 | 290 | 17 |
| 30 Sep 15 | 3,304 | 185 | 281 | 16 |
| 30 Jun 15 | 3,368 | 259 | 246 | 15 |
| 31 Mar 15 | 3,355 | 297 | 229 | 13 |
| 31 Dec 14 | 2,961 | 240 | 205 | 12 |
| 30 Sep 14 | 2,524 | 185 | 188 | 12 |
| 30 Jun 14 | 2,100 | 108 | 208 | 12 |
| 31 Mar 14 | 1,857 | 40 | 194 | 12 |
| 31 Dec 13 | 1,654 | 32 | 165 | 12 |
| 30 Sep 13 | 1,430 | -94 | 183 | 12 |
| 30 Jun 13 | 1,265 | -166 | 150 | 12 |
Quality Earnings: L5A has a high level of non-cash earnings.
Growing Profit Margin: L5A's current net profit margins (3.6%) are higher than last year (3.2%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: L5A's earnings have grown by 8% per year over the past 5 years.
Accelerating Growth: L5A's earnings growth over the past year (14.3%) exceeds its 5-year average (8% per year).
Earnings vs Industry: L5A earnings growth over the past year (14.3%) did not outperform the Semiconductor industry 38.6%.
Return on Equity
High ROE: L5A's Return on Equity (9.8%) is considered low.