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
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$9.4B
-$636M
2.2%
-13.6%
-$301M
—
$2.9B
2024
$12.6B
$7M
10.9%
-3.6%
$1.1B
—
$3.4B
2023
$16.7B
$486M
16.0%
5.1%
-$206M
—
$2.3B
2022
$12.1B
$90M
14.8%
0.5%
-$2.6B
—
$1.5B
2021
$6.4B
$113M
16.3%
2.7%
-$1.3B
—
$1.3B
2020
$5.4B
$35M
17.6%
5.1%
-$531M
—
$1.1B
2019
$4.3B
$129M
18.3%
5.8%
-$271M
—
$812M
2018
—
$59M
—
—
-$263M
$7.2B
$452M
2017
—
$22M
—
—
-$362M
$6.3B
$296M
2016
—
$263M
—
—
—
$5.3B
$384M
2015
—
$106M
—
—
—
$3.4B
$345M
2014
—
$108M
—
—
—
$2.7B
$274M
2013
—
$31M
—
—
—
$1.9B
$74M
2012
—
-$248M
—
—
$95M
$2.0B
$45M
2011
—
$43M
—
—
-$447M
$2.0B
$70M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Dec '20
$1.6B
-$54M
16.2%
1.3%
$40M
—
$1.1B
Dec '17
—
$4M
—
—
$32M
$6.3B
$296M
Sep '17
—
$2M
—
—
—
$6.8B
$318M
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.
The price-to-earnings ratio has risen from 118.1× (Mar '23) to 729.4× (Nov '25).
The price-to-sales ratio has fallen from 0.9× (Mar '23) to 0.4× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
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 Jun '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.