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JKS Financials Jinkosolar Holding Co., Ltd.

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 11.7% per year over the past 5 years.
  • Operating margin has contracted, at -13.6% in the latest year.

Financial health

  • Total debt has grown faster than revenue (30.8% vs 11.7% per year).
  • Operating income covered interest expense -6.5× in the latest year.
  • The company is unprofitable; at its current free-cash-flow burn it has roughly 9.5 years of cash runway.
Revenue & net income
-$636M $8B $17B $0 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
-14% 2% 18% 0% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Return on equity & assets (ROE / ROA)
-113% -42% 28% 0% 2011 2013 2015 2017 2019 2021 2023 2025
ROEROA
Free cash flow (CFO − capex)
-$3B -$777M $1B $0 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $4B $7B 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$2B $384M $3B $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
2025 $9.4B -$636M 2.2% -13.6% -28.3% -3.7% -$301M $2.9B
2024 $12.6B $7M 10.9% -3.6% 0.3% 0.0% $1.1B $3.4B
2023 $16.7B $486M 16.0% 5.1% 17.1% 2.5% -$206M $2.3B
2022 $12.1B $90M 14.8% 0.5% 3.8% 0.6% -$2.6B $1.5B
2021 $6.4B $113M 16.3% 2.7% 6.5% 1.0% -$1.3B $1.3B
2020 $5.4B $35M 17.6% 5.1% 2.3% 0.4% -$531M $1.1B
2019 $4.3B $129M 18.3% 5.8% 9.7% 1.9% -$271M $812M
2018 $59M 5.2% 1.1% -$263M $7.2B $452M
2017 $22M 2.1% 0.5% -$362M $6.3B $296M
2016 $263M 28.3% 7.0% $5.3B $384M
2015 $106M 15.8% 2.5% $3.4B $345M
2014 $108M 19.2% 3.5% $2.7B $274M
2013 $31M 9.4% 1.8% $1.9B $74M
2012 -$248M -113.0% -18.4% $95M $2.0B $45M
2011 $43M 9.4% 3.0% -$447M $2.0B $70M

Valuation over time

How the market has priced JKS against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 364.7 729.4 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/E
Price / sales (P/S)
0.0 0.4 0.9 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/S

Frequently asked questions

Is JKS growing its revenue and profit?

Over the past 5 years, Jinkosolar Holding Co., Ltd.'s revenue has grown 11.7% per year. These are computed facts, not advice.

How much debt does JKS have?

As of FY2025, Jinkosolar Holding Co., Ltd. reported — of total debt against $2.9B of cash; operating income covered interest expense -6.5×.

What is JKS's profit margin?

In FY2025, gross margin was 2.2%, operating margin -13.6%, and net margin -6.8%.

What is JKS's P/E ratio?

As of Sep '26, Jinkosolar Holding Co., Ltd. traded at a price-to-earnings ratio of about 729.4× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.