JKS JinkoSolar Holding Company Limited American Depositary Shares (each representing 4 Common Shares)
NYSE · Semiconductors · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Apr 29, 2026
$9.15
· of 52w range
· above low
· to high
$9.0752w low
$31.8852w high
Market Cap
$1.92B
P/E
-0.4
EPS
$-21.33
Revenue
$65.50B
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52W Range
$9–$32
Analyst Rating
HOLD
Price Target
$20
P/E
-0.4
ROE
-24.9%
Net Profit Margin
-6.8%
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JKS Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$9.15
Market Cap
$1.92B
P/E
-0.4
EPS
$-21.33
Revenue
$65.50B
ROE
-24.9%
Debt/Equity
0.7
52W Range
$9–$32
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About JinkoSolar Holding Company Limited American Depositary Shares (each representing 4 Common Shares) Company overview from Wikipedia
JinkoSolar Holding Co., Ltd. is a solar module manufacturer headquartered in Shanghai, China, and listed on the New York Stock Exchange (NYSE: JKS) since 2010. Its subsidiary Jinko Solar Co., Ltd. (SSE: 688223) was listed on the Shanghai Stock Exchange's Science and Technology Innovation Board in 2022.
History
In December 2006, JinkoSolar was established in December 2006 in Shangrao, Jiangxi, China.
In May 2010, JinkoSolar was listed on the New York Stock Exchange. In 2015, JinkoSolar established manufacturing operations in Malaysia.
Jinko Solar provided the equipment for, and has a 20% ownership stake in, the 2 GW Al Dhafra Solar project in the United Arab Emirates, which was announced in 2020 and opened in 2023 and was one of the world's largest solar projects.
In 2021, the U.S. Customs and Border Protection began blocking the import of JinkoSolar products into the United States due to concerns about the use of forced Uyghur labor. In August 2023, the U.S. Department of Commerce determined that JinkoSolar had not circumvented tariffs on Chinese made goods.
In May 2023, agents from the United States Department of Homeland Security and Federal Bureau of Investigation raided JinkoSolar's offices in Jacksonville, Florida. A survey conducted by US Customs and Border Protection in 2024 indicated taking a strong enforcement approach that will be difficult to answer for small/medium-sized solar companies without stable supply chain. Increased enforcement was noted by Roth Capital Partners to be beneficial for larger manufacturers such as Jinko, who had "mostly cleared the UFLPA gauntlet". As of May 2024, no further action has been taken by federal officials on the matter.
In November 2024, JinkoSolar Holding Co. announced an offering of up to 4.5 billion yuan seeking a listing on the Frankfurt stock exchange.
JinkoSolar is a member of the Silicon Module Super League. The four other original members of the group are Canadian Solar, Hanwha Q CELLS, JA Solar, and Trina Solar.
Business trends
Manufacturing
JinkoSolar produces ingots, wafers, cells, and modules. Solar photovoltaic modules are the company's main product.
In 2015, JinkoSolar entered a partnership with DuPont to incorporate materials into photovoltaic metallization pastes and polyvinyl fluoride films in its solar modules.
JinkoSolar began mass production of n-type TOPCon cells in 2019. Also in 2019, Jinko officially opened the company's first U.S. factory. In 2022, the company established a factory in Vietnam.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
sectorTechnology
industrySemiconductors
employees26,409
countryCN
10-Year Performance Revenue, net income, margins and EPS trends
Revenue$65.50B2016-12-31 → 2025-12-31
EPS$-21.332017-12-31 → 2025-12-31
Free Cash Flow$-2.10B2016-12-31 → 2025-12-31
Net margin-6.8%2016-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | JKS | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E | -0.45Y avg ≈3.5 | ≈3.5 | · | · | |
| P/S | 0.05Y avg ≈5.0 | ≈5.0 | · | · | |
| P/B | 0.15Y avg ≈0.5 | ≈0.5 | · | · | |
| EV / EBITDA | 1.35Y avg ≈8.5 | ≈8.5 | · | · | |
| Price / FCF | -0.95Y avg ≈-1.7 | ≈-1.7 | · | · | |
| Price / Cash Flow | 1.85Y avg ≈5.0 | ≈5.0 | · | · | |
| EV / Revenue | -0.25Y avg ≈6.3 | ≈6.3 | · | · | |
| EV / FCF | 5.55Y avg ≈-0.6 | ≈-0.6 | · | · | |
| Price / Tangible Book | 0.15Y avg ≈0.5 | ≈0.5 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | JKS | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Gross Margin | 2.1%5Y avg ≈506.2% | ≈506.2% | · | · | |
| Operating Margin | -13.6%5Y avg ≈-166.1% | ≈-166.1% | · | · | |
| EBITDA Margin | -13.6%5Y avg ≈-166.1% | ≈-166.1% | · | · | |
| Pretax Margin | -14.0%5Y avg ≈12.3% | ≈12.3% | · | · | |
| Net Profit Margin | -6.8%5Y avg ≈2.4% | ≈2.4% | · | · | |
| ROA | -3.6%5Y avg ≈0.21% | ≈0.21% | · | · | |
| ROE | -24.9%5Y avg ≈1.1% | ≈1.1% | · | · | |
| ROIC | -25.6%5Y avg ≈-3.0% | ≈-3.0% | · | · |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | JKS | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Debt / Equity | 0.75Y avg ≈0.7 | ≈0.7 | · | · | |
| Current Ratio | 1.35Y avg ≈1.1 | ≈1.1 | · | · | |
| Quick Ratio | 0.45Y avg ≈0.4 | ≈0.4 | · | · |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
No data for this ratio group yet
Not enough fundamentals data to compute this ratio group yet.
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | JKS | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.55Y avg ≈0.6 | ≈0.6 | · | · | |
| Inventory Turnover | 4.75Y avg ≈4.7 | ≈4.7 | · | · | |
| Revenue / Employee | ≈$2.5M | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Annualized Payout≈$1.50
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Jun 22, 2026 | $1.50 | USD | ≈8.3% |
| Jul 2, 2025 | $1.30 | USD | ≈5.5% |
| Aug 15, 2024 | $1.50 | USD | ≈7.8% |
| Nov 22, 2023 | $1.50 | USD | ≈4.3% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
11.2%
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Aug 26, 2026 | $-1.79 | $-0.71 | -153.2% |
| March 31, 2026 | $-1.52 | $-1.49 | -2.1% | |
| Dec. 31, 2025 | $-2.26 | $-1.20 | -87.9% | |
| Sept. 30, 2025 | $-1.00 | $-1.89 | 47.3% | |
| June 30, 2025 | $-2.27 | $-1.93 | -17.8% | |
| March 31, 2025 | $-2.08 | $-1.39 | -49.2% | |
| Dec. 31, 2024 | $1.02 | $-0.42 | 341.4% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $65.50B | $92.26B | $118.68B | $333M | $40.83B | $35.13B | $29.75B | $25.04B | $26.47B | $21.40B | $15.45B | $9.74B | |
| Cost of Revenue | $64.09B | $82.20B | $99.63B | $70.85B | $34.17B | $28.96B | $24.31B | $21.53B | $23.48B | $17.53B | $12.52B | $7.64B | |
| Gross Profit | $1.41B | $10.06B | $19.05B | $12.28B | $6.66B | $6.17B | $5.43B | $3.51B | $2.99B | $3.87B | $2.93B | $2.10B | |
| R&D Expense | $897M | $921M | $912M | $725M | $462M | $389M | $324M | $367M | $294M | $181M | $144M | $107M | |
| SG&A Expense | $3.30B | $4.60B | $4.58B | $3.51B | $1.96B | $1.41B | $1.06B | $779M | $471M | $779M | $521M | $369M | |
| Operating Expenses | $10.32B | $13.40B | $12.96B | $11.85B | $5.56B | $4.39B | $3.70B | $2.87B | $2.67B | $2.52B | $1.81B | $1.25B | |
| Operating Income | $-8.91B | $-3.34B | $6.09B | $429M | $1.10B | $1.78B | $1.73B | $645M | $325M | $1.35B | $1.12B | $844M | |
| Interest Expense | · | · | $1.17B | $1.08B | $838M | $676M | $606M | $429M | $322M | $410M | $360M | · | |
| Interest Income | $504M | $415M | $554M | $589M | $214M | $217M | · | · | · | · | · | · | |
| Other Non-op | $-220M | $308M | $26M | $2M | $2M | $2M | $18M | $26M | $60M | $9M | $1M | $-2M | |
| Pretax Income | $-9.18B | $260M | $7.49B | $1.98B | $1.09B | $566M | $1.25B | $407M | $149M | $1.25B | $867M | $563M | |
| Income Tax | $-2.22B | $69M | $1.26B | $605M | $194M | $178M | $278M | $4M | $5M | $257M | $101M | $-135M | |
| Net Income | $-4.45B | $55M | $3.45B | $621M | $721M | $230M | $899M | $406M | $142M | $1.83B | $684M | $673M | |
| EPS (Basic) | $-21.33 | $0.26 | $16.60 | $3.13 | $3.78 | $1.29 | $5.31 | $2.64 | $1.10 | · | $5.49 | $5.47 | |
| EPS (Diluted) | $-21.33 | $-1.27 | $15.23 | $3.10 | $2.01 | $-1.36 | $4.85 | $2.63 | $1.08 | · | $5.35 | $3.86 | |
| Shares (Basic) | 208,412,077 | 208,607,597 | 207,705,476 | 198,004,260 | 190,672,869 | 178,938,853 | 169,363,306 | 153,806,379 | 128,944,330 | 125,870,272 | 124,618,416 | 122,980,870 | |
| Shares (Diluted) | 208,412,077 | 209,981,840 | 226,113,084 | 200,408,494 | 205,719,772 | 171,438,853 | 166,567,757 | 154,704,166 | 131,687,230 | 130,590,441 | 127,802,961 | 153,786,531 | |
| EBITDA | $-8.91B | $-3.34B | $6.09B | $429M | $1.10B | $1.78B | $1.73B | $645M | $325M | $1.35B | $1.32B | · |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $20.01B | $25.05B | $16.06B | $10.24B | $8.32B | $7.48B | $5.65B | $3.10B | $1.93B | $2.50B | $2.39B | $1.78B | |
| Short-term Investments | $4.19B | $928M | $1.02B | $0 | $150M | $570M | · | · | $3M | $71M | $29M | $112M | |
| Receivables | · | · | · | $16.67B | $7.47B | $4.53B | $5.27B | $5.44B | $4.50B | $4.75B | $2.69B | $3.12B | |
| Inventory | $14.48B | $12.51B | $18.22B | $17.45B | $13.25B | $8.38B | $5.82B | $5.74B | $4.27B | $4.47B | $3.20B | $1.89B | |
| Prepaid Expense | $4.90B | $4.46B | $3.40B | $3.29B | $2.44B | $3.02B | $1.57B | $1.71B | $1.71B | $767M | $715M | $913M | |
| Current Assets | $68.81B | $68.87B | $82.95B | $68.33B | $45.52B | $33.68B | $31.69B | $22.85B | $19.61B | $19.70B | $22.49B | $10.40B | |
| PP&E (Net) | $35.80B | $41.85B | $37.38B | $32.29B | $19.97B | $12.46B | $10.21B | $8.28B | $6.68B | $4.74B | $3.77B | $3.10B | |
| PP&E (Gross) | $51.95B | $56.55B | $48.94B | $37.20B | $22.56B | $15.61B | $12.90B | $10.12B | $8.42B | $6.49B | $5.07B | $4.36B | |
| Accum. Depreciation | $16.16B | $14.70B | $11.56B | $6.46B | $5.23B | $3.86B | $3.50B | $3.09B | $2.37B | $2.03B | $1.73B | $1.35B | |
| Intangibles | $446M | $462M | $569M | $80M | $55M | $36M | $36M | $35M | $26M | $20M | $20M | $10M | |
| Other Non-current Assets | · | · | · | $1.42B | $2.74B | $1.78B | $1.47B | $912M | $713M | $618M | $228M | $474M | |
| Total Assets | $121.02B | $124.88B | $135.83B | $108.66B | $72.98B | $53.23B | $47.84B | $35.85B | $28.64B | $26.09B | $27.14B | $19.08B | |
| Accounts Payable | · | · | · | $10.38B | $6.80B | $4.44B | $4.95B | $5.33B | $4.66B | $4.29B | $3.78B | $3.15B | |
| Short-term Debt | $10.66B | $6.93B | $13.58B | $12.42B | $13.34B | $8.24B | $9.05B | $7.10B | $6.20B | $5.25B | $2.56B | $2.57B | |
| Current Liabilities | $55.04B | $54.48B | $81.06B | $64.94B | $45.46B | $31.22B | $31.28B | $24.14B | $19.96B | $18.36B | $18.62B | $10.52B | |
| Capital Leases | $190M | $331M | $557M | $340M | $385M | $277M | $280M | $338M | $538M | $44M | · | · | |
| Deferred Tax | $30M | $57M | $132M | $195M | $183M | $329M | $251M | $26M | $70M | $51M | $25.2K | $3M | |
| Total Liabilities | $93.45B | $90.64B | $102.30B | $81.66B | $58.70B | $40.24B | $35.40B | $27.40B | $21.95B | $19.63B | $21.18B | $14.12B | |
| Long-term Debt | · | · | $13.93B | $15.13B | $11.27B | $7.98B | $2.12B | $2.14B | $538M | $732M | $4.91B | $1.02B | |
| Total Debt | $10.66B | $6.93B | $13.58B | $12.42B | $13.34B | $8.24B | $9.34B | $9.07B | $6.44B | $5.73B | $8.50B | · | |
| Common Stock | $29.0K | $29.0K | $29.0K | $28.0K | $26.0K | $26.1K | $24.8K | $21.7K | $18.6K | $17.9K | $17.7K | $17.6K | |
| Paid-in Capital | $11.83B | $11.25B | $10.74B | $9.91B | $5.62B | $5.25B | $4.58B | $4.01B | $3.31B | $3.15B | $2.92B | $2.79B | |
| Treasury Stock | $4M | $217M | $79M | $43M | $43M | $43M | $14M | $14M | $14M | $14M | $14M | $14M | |
| AOCI | $183M | $225M | $360M | $218M | $-154M | $-129M | $63M | $70M | $23M | $105M | $13M | $12M | |
| Stockholders' Equity | $15.73B | $19.90B | $20.16B | $16.34B | $11.05B | $9.99B | $9.30B | $7.84B | $6.69B | $6.46B | $4.32B | $3.51B | |
| Liabilities + Equity | $121.02B | $124.88B | $135.83B | $108.66B | $72.98B | $53.23B | $47.84B | $35.85B | $28.64B | $26.09B | $27.14B | $19.08B | |
| Shares Outstanding | 209,429,353 | 205,509,057 | 208,560,447 | 201,189,189 | 190,824,913 | 187,434,469 | 178,930,297 | 156,864,737 | 156,864,737 | 126,733,266 | 125,473,930 | 124,292,030 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based Comp | $226M | $366M | $863M | $1.00B | $10M | $923.0K | $5M | $29M | $65M | $203M | $113M | $43M | |
| Deferred Tax | $-2.69B | $-1.43B | $-845M | $-321M | $-262M | $94M | $-292M | $-107M | $-8M | $-12M | $-7M | $-171M | |
| Amort. of Intangibles | $122M | $87M | $122M | $17M | $12M | $10M | $7M | $4M | $3M | $3M | $2M | $1M | |
| Operating Cash Flow | $1.08B | $16.85B | $13.83B | $-5.80B | $431M | $591M | $1.41B | $615M | $-177M | $-1.80B | $1.34B | $187M | |
| CapEx | $3.19B | $9.09B | $15.65B | $12.25B | $8.65B | $4.06B | $3.30B | $2.42B | $2.18B | $1.98B | $861M | $490M | |
| Investing Cash Flow | $-5.38B | $-2.90B | $-15.16B | $-12.27B | $-11.31B | $-4.92B | $-6.03B | $-3.93B | $-2.43B | $-6.95B | $-3.31B | · | |
| Debt Issued | · | · | · | · | · | · | · | $0 | $298M | $0 | $0 | · | |
| Net Debt Issued | · | · | · | · | · | · | · | $0 | $298M | $-800M | · | · | |
| Stock Issued | · | · | · | · | $641M | · | $489M | $663M | $0 | $0 | · | · | |
| Net Stock Activity | · | · | · | · | $641M | · | $489M | $663M | · | · | · | · | |
| Financing Cash Flow | $-759M | $-6.27B | $8.64B | $20.02B | $12.02B | $6.30B | $7.38B | $3.97B | $2.62B | $7.38B | $3.85B | · | |
| Net Change in Cash | $-4.80B | $8.31B | $8.16B | $2.17B | $1.02B | $1.80B | $2.79B | $721M | $-59M | $-1.30B | $1.91B | $1.32B | |
| Taxes Paid | $1.04B | · | · | · | · | · | · | · | · | · | · | · | |
| Free Cash Flow | $-2.10B | $7.76B | $-1.46B | $-18.05B | $-8.22B | $-3.46B | $-1.89B | $-1.81B | $-2.36B | $-3.78B | $478M | · | |
| Levered FCF | · | · | $-2.44B | $-18.80B | $-8.95B | $-3.95B | $-2.36B | $-2.23B | $-2.67B | · | · | · |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 2.1% | 2481.9% | 16.1% | 14.8% | 16.3% | 17.6% | 18.3% | 14.0% | 11.3% | 18.1% | 20.3% | · | |
| Operating Margin | -13.6% | -825.4% | 5.1% | 0.52% | 2.7% | 5.1% | 5.8% | 2.6% | 1.2% | 6.3% | 8.2% | · | |
| Net Margin | -6.8% | 13.5% | 2.9% | 0.75% | 1.8% | 0.66% | 3.0% | 1.6% | 0.54% | 8.5% | 4.2% | · | |
| Pretax Margin | -14.0% | 64.1% | 6.3% | 2.4% | 2.7% | 1.6% | 4.2% | 0.24% | 0.56% | 5.8% | 6.0% | · | |
| EBITDA Margin | -13.6% | -825.4% | 5.1% | 0.52% | 2.7% | 5.1% | 5.8% | 2.6% | 1.2% | 6.3% | 8.2% | · | |
| ROA | -3.6% | 0.04% | 2.8% | 0.68% | 1.1% | 0.46% | 2.1% | 1.3% | 0.52% | 6.9% | 3.0% | · | |
| ROE | -24.9% | 0.27% | 18.9% | 4.5% | 6.9% | 2.4% | 10.5% | 5.6% | 2.2% | 33.9% | 17.5% | · | |
| ROIC | -25.6% | -9.1% | 15.0% | 1.0% | 3.7% | 6.7% | 7.2% | 3.8% | 2.4% | 8.8% | 10.1% | · |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.3 | 1.3 | 1.0 | 1.1 | 1.0 | 1.1 | 1.0 | 0.9 | 1.0 | 1.1 | 1.0 | · | |
| Quick Ratio | 0.4 | 0.5 | 0.2 | 0.4 | 0.4 | 0.4 | 0.3 | 0.2 | 0.3 | 0.4 | 0.5 | · | |
| Debt / Equity | 0.7 | 0.3 | 0.7 | 0.8 | 1.2 | 0.8 | 1.0 | 1.2 | 1.0 | 0.9 | 2.0 | · | |
| LT Debt / Equity | · | · | · | · | · | · | · | 0.2 | 0.1 | 0.1 | 1.1 | · | |
| Interest Coverage | · | · | 5.2 | 0.4 | 1.3 | 2.5 | 2.9 | 1.5 | 1.0 | · | · | · |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.5 | 0.0 | 1.0 | 0.9 | 0.6 | 0.7 | 0.7 | 0.8 | 1.0 | 0.8 | 0.7 | · | |
| Inventory Turnover | 4.7 | 5.4 | 5.6 | 4.6 | 3.2 | 4.1 | 0.0 | 0.0 | 5.4 | 4.6 | 5.0 | · | |
| Receivables Turnover | · | · | · | 6.9 | 6.8 | 7.2 | 5.6 | 9.5 | 5.7 | 5.7 | 5.0 | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $75.09 | $96.83 | $96.65 | $81.20 | $57.91 | $53.29 | $51.99 | $59.33 | $50.62 | $50.98 | $34.44 | · | |
| Revenue / Share | $314.27 | $1.93 | $524.86 | $414.79 | $198.46 | $204.91 | $178.58 | $161.87 | $201.03 | $163.88 | $125.79 | · | |
| Cash Flow / Share | $5.19 | $80.25 | $61.15 | $-28.94 | $2.09 | $3.45 | $8.47 | $3.97 | $-1.34 | $-13.81 | $10.48 | · | |
| Cash / Share | $95.54 | $121.91 | $77.01 | $50.91 | $43.61 | $39.92 | $31.60 | $23.50 | $14.59 | $19.74 | $29.36 | · | |
| EPS (TTM) | $-21.33 | $-1.27 | $15.23 | $3.10 | $2.01 | $-1.36 | $4.85 | $2.63 | $1.08 | · | $5.35 | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $65.50B | $92.26B | $118.68B | $333M | $40.83B | $35.13B | $29.75B | $25.04B | $26.47B | $21.40B | $15.45B | · | |
| Net Income TTM | $-4.45B | $55M | $3.45B | $621M | $721M | $230M | $899M | $406M | $142M | $1.83B | $684M | · | |
| Market Cap | $5.41B | $5.12B | $7.70B | $8.22B | $8.77B | $11.60B | $4.02B | $1.31B | $3.18B | $1.93B | $3.47B | · | |
| Enterprise Value | $-8.13B | $-13.93B | $4.20B | $10.40B | $13.64B | $11.78B | $7.71B | $7.27B | $7.68B | $5.09B | $8.26B | · | |
| P/E | -1.2 | -19.6 | 2.4 | 13.2 | 22.9 | -45.5 | 4.6 | 3.8 | 22.3 | · | 5.2 | · | |
| P/S | 0.1 | 0.1 | 0.1 | 24.7 | 0.2 | 0.3 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | · | |
| P/B | 0.3 | 0.3 | 0.4 | 0.5 | 0.8 | 1.2 | 0.4 | 0.2 | 0.5 | 0.3 | 0.8 | · | |
| P / Tangible Book | 0.4 | 0.3 | 0.4 | 0.5 | 0.8 | 1.2 | · | · | · | · | · | · | |
| P / Cash Flow | 5.0 | 0.3 | 0.6 | -1.4 | 20.4 | 19.6 | 2.9 | 2.1 | -17.9 | -1.1 | 2.6 | · | |
| P / FCF | -2.6 | 0.7 | -5.3 | -0.5 | -1.1 | -3.3 | -2.1 | -0.7 | -1.3 | -0.5 | 7.3 | · | |
| EV / EBITDA | 0.9 | 4.2 | 0.7 | 24.2 | 12.4 | 6.6 | 4.5 | 11.3 | 23.6 | 3.8 | 6.3 | · | |
| EV / FCF | 3.9 | -1.8 | -2.9 | -0.6 | -1.7 | -3.4 | -4.1 | -4.0 | -3.3 | -1.3 | 17.3 | · | |
| EV / Revenue | -0.1 | -0.2 | 0.0 | 31.2 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | 0.5 | · | |
| Earnings Yield | -82.6% | -5.1% | 41.2% | 7.6% | 4.4% | -2.2% | 21.6% | 26.6% | 4.5% | · | 19.3% | · |
Per Share
| Metric | Trend | Q4 2025 | Q4 2014 | Q4 2012 | Q4 2011 | Q4 2010 |
|---|---|---|---|---|---|---|
| EPS (TTM) | $-21.33 | $3.86 | $-17.38 | $-1.23 | $10.92 |
Valuation (TTM)
| Metric | Trend | Q4 2025 | Q4 2014 | Q4 2012 | Q4 2011 | Q4 2010 |
|---|---|---|---|---|---|---|
| Revenue TTM | $65.50B | $9.74B | $4.79B | $7.38B | $4.65B | |
| Net Income TTM | $-4.45B | $673M | $-1.54B | $273M | $882M | |
| P/E | · | 5.1 | -0.4 | -4.1 | 1.8 | |
| Earnings Yield | · | 19.6% | -279.9% | -24.6% | 54.3% |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $65.50B | $92.26B | $118.68B | $333M | $40.83B |
| Gross Margin % | 2.1% | 2481.9% | 16.1% | 14.8% | 16.3% |
| Operating Margin % | -13.6% | -825.4% | 5.1% | 0.52% | 2.7% |
| Net Income | $-4.45B | $55M | $3.45B | $621M | $721M |
| Diluted EPS | $-21.33 | $-1.27 | $15.23 | $3.10 | $2.01 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Debt / Equity | 0.7 | 0.3 | 0.7 | 0.8 | 1.2 |
| Current Ratio | 1.3 | 1.3 | 1.0 | 1.1 | 1.0 |
| Quick Ratio | 0.4 | 0.5 | 0.2 | 0.4 | 0.4 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $-2.10B | $7.76B | $-1.46B | $-18.05B | $-8.22B |
Institutional owners (13F) 128 filers · $329.5M total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
128
Value held
$329.5M
New positions
29
Exited positions
24
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 29 (+7 vs prior Q) | 24 (+2 vs prior Q) | 38 (-1 vs prior Q) | 33 (0 vs prior Q) | +2.7M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| BlackRock, Inc. | $42,035,540 | 2,502,115 | 12.76% | Shares |
| Invesco Ltd. | $35,685,367 | 2,124,129 | 10.83% | Shares |
| VANGUARD GROUP INC | $32,694,197 | 1,266,726 | 9.92% | Shares |
| STOREBRAND ASSET MANAGEMENT AS | $26,885,124 | 1,600,305 | 8.16% | Shares |
| STATE STREET CORP | $17,665,904 | 965,203 | 5.36% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $16,999,181 | 1,011,856 | 5.16% | Shares |
| Legal & General Group Plc | $16,539,802 | 984,512 | 5.02% | Shares |
| TWO SIGMA INVESTMENTS, LP | $13,888,795 | 826,714 | 4.22% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $12,605,918 | 751,434 | 3.83% | Shares |
| UBS Group AG | $11,164,843 | 664,574 | 3.39% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $9,245,183 | 580,443 | 2.81% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $8,110,889 | 482,791 | 2.46% | Shares |
| MORGAN STANLEY | $7,356,982 | 437,915 | 2.23% | Shares |
| MACKENZIE FINANCIAL CORP | $7,242,245 | 431,086 | 2.20% | Shares |
| TWO SIGMA ADVISERS, LP | $5,604,564 | 217,147 | 1.70% | Shares |
| BOOTHBAY FUND MANAGEMENT, LLC | $4,850,378 | 288,713 | 1.47% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $4,304,698 | 256,232 | 1.31% | Shares |
| NOMURA HOLDINGS INC | $4,151,045 | 247,086 | 1.26% | Shares |
| MILLENNIUM MANAGEMENT LLC | $3,986,136 | 237,270 | 1.21% | Shares |
| Centiva Capital, LP | $3,431,417 | 204,251 | 1.04% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $2,941,680 | 175,100 | 0.89% | Put option |
| Trexquant Investment LP | $2,221,918 | 132,257 | 0.67% | Shares |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC | $2,084,326 | 124,067 | 0.63% | Shares |
| GOLDMAN SACHS GROUP INC | $1,928,438 | 114,788 | 0.59% | Shares |
| Balyasny Asset Management L.P. | $1,925,330 | 114,603 | 0.58% | Shares |
| Qube Research & Technologies Ltd | $1,793,282 | 106,743 | 0.54% | Shares |
| Point72 Asset Management, L.P. | $1,732,164 | 103,105 | 0.53% | Shares |
| HIMENSION CAPITAL (SINGAPORE) PTE. LTD. | $1,724,285 | 102,636 | 0.52% | Shares |
| CITADEL ADVISORS LLC | $1,461,600 | 87,000 | 0.44% | Put option |
| GEODE CAPITAL MANAGEMENT, LLC | $1,321,420 | 78,656 | 0.40% | Shares |
| Mitsubishi UFJ Trust & Banking Corp | $1,315,087 | 78,279 | 0.40% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $1,133,546 | 67,473 | 0.34% | Shares |
| NORTHERN TRUST CORP | $1,128,775 | 67,189 | 0.34% | Shares |
| MARSHALL WACE, LLP | $1,120,156 | 66,676 | 0.34% | Shares |
| JANE STREET GROUP, LLC | $1,094,974 | 65,177 | 0.33% | Shares |
| CITIGROUP INC | $1,045,733 | 62,246 | 0.32% | Shares |
| CITADEL ADVISORS LLC | $1,023,540 | 60,925 | 0.31% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $962,640 | 57,300 | 0.29% | Call option |
| Walleye Capital LLC | $883,680 | 52,600 | 0.27% | Call option |
| RENAISSANCE TECHNOLOGIES LLC | $836,640 | 49,800 | 0.25% | Shares |
| JPMORGAN CHASE & CO | $798,396 | 50,182 | 0.24% | Shares |
| JANE STREET GROUP, LLC | $688,800 | 41,000 | 0.21% | Put option |
| BARCLAYS PLC | $676,973 | 40,296 | 0.21% | Shares |
| HSBC HOLDINGS PLC | $658,772 | 39,308 | 0.20% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $632,755 | 37,664 | 0.19% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $614,477 | 36,576 | 0.19% | Shares |
| CITADEL ADVISORS LLC | $593,040 | 35,300 | 0.18% | Call option |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | $566,160 | 33,700 | 0.17% | Shares |
| WOLVERINE TRADING, LLC | $562,825 | 23,500 | 0.17% | Put option |
| California Public Employees Retirement System | $557,021 | 33,156 | 0.17% | Shares |
Activists & 5%+ owners 2 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Kangping Chen, Zhuoling International Limited ×2 filings | Oct. 1, 2026 | 13.10% | Amendment | · | SEC |
| Xiande Li, Brilliant Win Holdings Limited ×8 filings | July 3, 2024 | · | Initial filing | · | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 6 insiders · 2 officers · 5 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Xiande Li | Chief Executive Officer | May 1, 2026 A | 4,550,062 | 0 | 0 | $0 |
| Mengmeng Li | Chief Financial Officer | May 1, 2026 A | 2,856 | 0 | 0 | $0 |
| Wing Keong Siew | Director | July 1, 2026 A | 10,000 | 0 | 2 | $-681,600 |
| Stephen Markscheid | Director | July 1, 2026 A | 10,000 | 1 | 1 | $0 |
| Xianhua Li | Director | May 13, 2026 S | 10,349,612 | 0 | 1 | $-32,678,400 |
| Haiyun Cao | Director | May 1, 2026 A | 354,285 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 21 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| PBW · Invesco Exchange-Traded Fund Trust | 1.61% | 580,837 SH | Oct. 2, 2026 | Daily |
| TAN · Invesco Exchange-Traded Fund Trust … | 0.94% | 896,204 SH | Oct. 2, 2026 | Daily |
| PBD · Invesco Exchange-Traded Fund Trust … | 0.55% | 68,599 SH | Oct. 2, 2026 | Daily |
| ICLN · iShares Trust | 0.33% | 613,261 SH | Sept. 11, 2026 | Daily |
| PGJ · Invesco Exchange-Traded Fund Trust | 0.27% | 24,054 SH | Oct. 2, 2026 | Daily |
| ECNS · iShares Trust | 0.22% | 11,928 SH | Sept. 11, 2026 | Daily |
| CCSO · Tidal Trust II | 0.09% | 2,582 NS | July 31, 2026 | N-PORT |
| ERTH · Invesco Exchange-Traded Fund Trust | 0.04% | 5,563 SH | Oct. 2, 2026 | Daily |
| PXH · Invesco Exchange-Traded Fund Trust … | 0.04% | 88,189 SH | Oct. 2, 2026 | Daily |
| EEMS · iShares, Inc. | 0.02% | 6,222 SH | Sept. 11, 2026 | Daily |
| VSS · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.01% | 115,986 SH | Aug. 19, 2026 | Daily |
| DFEM · Dimensional ETF Trust | 0.01% | 48,640 NS | July 31, 2026 | N-PORT |
| DFEV · Dimensional ETF Trust | 0.01% | 10,637 NS | July 31, 2026 | N-PORT |
| DFAE · Dimensional ETF Trust | 0.00% | 27,155 NS | July 31, 2026 | N-PORT |
| IEMG · iShares, Inc. | 0.00% | 330,899 SH | Sept. 10, 2026 | Daily |
| DFAX · Dimensional ETF Trust | 0.00% | 12,043 NS | July 31, 2026 | N-PORT |
| IXUS · iShares Trust | 0.00% | 64,879 SH | Sept. 11, 2026 | Daily |
| VXUS · VANGUARD STAR FUNDS | 0.00% | 444,099 SH | Aug. 19, 2026 | Daily |
| VWO · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.00% | 424,848 SH | Aug. 19, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.00% | 21,451 SH | Aug. 19, 2026 | Daily |
| VSGX · VANGUARD WORLD FUND | 0.00% | 5,472 SH | Aug. 19, 2026 | Daily |
JKS Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 15 analysts
HOLD
Median target
$16.00
+74.9%
2 13.3%
Strong Buy
0 0.0%
Buy
6 40.0%
Hold
6 40.0%
Sell
1 6.7%
Strong Sell
12-Month Price Target
7 analysts · 2026-09-29Mean target $20.44 +123.4%
← Below all targets
Current price $9.15
Low$11.00
Mean$20.44
High$32.61
Peer comparison (GICS sub-industry) Key metrics vs sector peers
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Source: SEC 20-F filed Apr 29, 2026