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JinkoSolar (JKS) Financials

JinkoSolar logo
$18.28 -1.33 (-6.78%)
Closing price 06/9/2026 03:59 PM Eastern
Extended Trading
$18.26 -0.02 (-0.11%)
As of 06/9/2026 07:45 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for JinkoSolar

Annual Income Statements for JinkoSolar

This table shows JinkoSolar's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 104 262 22 59 129 35 113 90 486 7.47 -636
Consolidated Net Income / (Loss)		 131 286 22 59 133 52 150 227 909 1.85 -1,017
Net Income / (Loss) Continuing Operations		 117 142 22 58 133 52 153 227 909 1.85 -1,017
Total Pre-Tax Income 		132 179 23 59 180 87 171 287 1,055 36 -1,313
Total Operating Income		 171 193 50 94 248 275 173 62 858 -458 -1,273
Total Gross Profit		 446 555 459 511 780 949 1,045 1,780 2,683 1,378 202
Total Revenue		 2,353 3,069 4,062 3,645 4,271 5,403 6,407 12,052 16,716 12,639 9,366
Operating Revenue		 2,353 3,069 4,062 3,645 4,271 5,403 6,407 12,052 16,716 12,639 9,366
Total Cost of Revenue		 1,907 2,514 3,603 3,134 3,491 4,454 5,362 10,272 14,033 11,261 9,164
Operating Cost of Revenue		 1,907 2,514 3,603 3,134 3,491 4,454 5,362 10,272 14,033 11,261 9,164
Total Operating Expenses		 276 361 409 418 532 675 872 1,718 1,825 1,836 1,475
Selling, General & Admin Expense		 79 112 72 113 152 217 308 509 646 630 473
Marketing Expense		 174 206 292 249 323 381 448 1,050 960 910 637
Research & Development Expense		 22 26 45 53 47 60 72 105 128 126 128
Impairment Charge		 0.00 18 0.00 2.12 9.80 18 43 54 90 170 238
Total Other Income / (Expense), net		 -39 -9.53 -27 -36 -69 -188 0.97 226 207 494 -34
Interest Expense		 - - 0.00 0.00 2.68 104 132 156 165 157 194
Interest & Investment Income		 -47 -51 -15 -43 -47 33 34 243 78 57 72
Other Income / (Expense), net		 8.57 41 -12 7.05 -19 -117 99 139 294 594 88
Income Tax Expense		 15 37 0.71 0.64 40 27 30 88 178 9.51 -318
Other Gains / (Losses), net		 0.00 0.00 -0.32 0.38 -7.01 -8.11 9.39 28 31 -24 -21
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.64 0.80 0.07 -0.13 -3.69 16 37 137 423 -5.62 -381
Basic Earnings per Share		 - - $1.10 $2.64 $5.31 $1.29 $3.78 $0.45 $2.34 $0.04 ($0.44)
Weighted Average Basic Shares Outstanding		 124.62M 125.87M 128.94M 153.81M 169.36M 178.94M 190.67M 198.00M 207.71M 208.61M 208.41M
Diluted Earnings per Share		 - - $1.08 $2.63 $4.85 ($1.36) $2.01 $0.45 $2.15 ($0.17) ($0.44)
Weighted Average Diluted Shares Outstanding		 127.80M 130.59M 131.69M 154.70M 166.57M 171.44M 205.72M 200.41M 226.11M 209.98M 208.41M
Weighted Average Basic & Diluted Shares Outstanding		 125.47M 126.73M 132.15M 156.86M 178.93M 187.43M 190.82M 201.19M 208.56M 205.35M 209.43M

Quarterly Income Statements for JinkoSolar

No quarterly income statements for JinkoSolar are available.

Annual Cash Flow Statements for JinkoSolar

This table details how cash moves in and out of JinkoSolar's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 290 -187 -9.03 91 401 277 179 282 1,029 1,052 -723
Net Cash From Operating Activities		 204 -259 -27 89 203 91 68 -841 1,947 2,308 155
Net Cash From Continuing Operating Activities		 204 -259 -27 75 203 91 68 -841 1,947 2,308 155
Net Income / (Loss) Continuing Operations		 131 286 22 59 133 52 150 227 909 1.85 -1,017
Consolidated Net Income / (Loss)		 131 286 22 59 133 52 150 227 909 1.85 -1,017
Depreciation Expense		 95 111 93 117 117 187 257 375 1,107 1,034 1,110
Amortization Expense		 1.30 0.21 -5.95 3.44 26 28 27 25 47 38 39
Non-Cash Adjustments To Reconcile Net Income		 24 -21 -168 -196 -301 365 61 98 298 804 1,027
Changes in Operating Assets and Liabilities, net		 -47 -634 32 92 228 -540 -427 -1,567 -413 432 -1,004
Net Cash From Investing Activities		 -505 -997 -373 -573 -865 -757 -1,775 -1,779 -2,135 -398 -769
Net Cash From Continuing Investing Activities		 -505 -997 -373 -573 -865 -757 -1,775 -1,779 -2,135 -398 -769
Purchase of Property, Plant & Equipment		 -132 -306 -334 -352 -473 -624 -1,358 -1,776 -2,205 -1,246 -456
Acquisitions		 -14 -6.39 -1.67 -2.01 -1.13 5.15 -5.06 -6.15 -23 -45 -16
Purchase of Investments		 -408 -677 -960 -1,245 -1,612 -1,811 -2,439 -1,526 -2,555 -1,338 -1,114
Sale of Property, Plant & Equipment		 1.09 1.29 7.58 20 29 14 3.21 104 66 44 28
Sale and/or Maturity of Investments		 395 370 974 1,028 1,223 1,671 2,024 1,448 2,580 1,999 709
Other Investing Activities, net		 -348 -383 -63 -23 -59 -12 0.00 -22 0.00 188 80
Net Cash From Financing Activities		 586 1,058 403 578 1,060 969 1,886 2,902 1,217 -859 -108
Net Cash From Continuing Financing Activities		 586 1,058 403 578 1,060 969 1,886 2,902 1,217 -859 -108
Repayment of Debt		 -1,088 -2,333 -2,651 -1,773 -2,149 -3,897 -3,810 -4,005 -2,937 -3,117 -1,967
Repurchase of Preferred Equity		 - - - - - - 0.00 0.00 -42 0.00 0.00
Repurchase of Common Equity		 0.00 -5.12 - 0.00 0.00 -4.51 0.00 -6.84 -11 -120 -0.57
Payment of Dividends		 - - - 0.00 0.00 -44 0.00 -14 -131 -201 -169
Issuance of Debt		 1,673 3,393 2,986 2,125 2,651 3,987 5,207 4,301 3,448 3,954 2,387
Issuance of Common Equity		 - 0.00 0.00 186 443 133 101 0.00 0.00 205 0.00
Other Financing Activities, net		 1.16 3.12 67 39 115 794 388 2,627 890 -1,580 -359
Cash Interest Paid		 63 96 44 54 83 103 126 156 157 113 226
Cash Income Taxes Paid		 18 36 29 3.98 1.95 55 25 58 251 231 149

Quarterly Cash Flow Statements for JinkoSolar

No quarterly cash flow statements for JinkoSolar are available.

Annual Balance Sheets for JinkoSolar

This table presents JinkoSolar's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 4,133 3,741 4,394 5,218 6,869 8,187 11,453 15,755 19,132 17,109 17,306
Total Current Assets		 3,425 2,824 3,009 3,326 4,550 5,180 7,144 9,907 11,683 9,434 9,840
Cash & Equivalents		 364 359 296 452 812 1,151 1,306 1,485 2,262 3,432 2,861
Restricted Cash		 261 524 625 646 1,078 1,076 1,548 1,446 1,478 775 891
Short-Term Investments		 7.14 10 0.41 - 0.00 88 24 15 144 127 599
Note & Lease Receivable		 78 219 88 147 222 167 265 1,012 576 457 526
Accounts Receivable		 419 896 1,022 899 839 761 1,177 2,441 3,238 1,931 1,944
Inventories, net		 488 641 656 836 835 1,288 2,080 2,530 2,566 1,714 2,071
Prepaid Expenses		 109 110 262 249 226 465 382 477 479 611 701
Other Current Assets		 1,686 47 61 97 538 186 363 500 940 387 247
Plant, Property, & Equipment, net		 573 679 1,025 1,205 1,466 1,916 3,134 4,682 0.00 0.00 0.00
Total Noncurrent Assets		 134 238 360 687 854 1,091 1,175 1,166 7,449 7,674 7,466
Long-Term Investments		 1.10 1.03 42 138 116 244 289 448 529 459 308
Intangible Assets		 3.12 2.91 3.95 5.15 5.23 5.51 8.71 12 80 63 64
Noncurrent Deferred & Refundable Income Taxes		 18 19 42 49 39 39 58 102 182 362 654
Other Noncurrent Operating Assets		 88 186 273 495 513 671 717 524 6,646 6,790 6,440
Total Liabilities & Shareholders' Equity		 4,133 3,741 4,394 5,218 6,869 8,187 11,453 15,755 19,132 17,109 17,306
Total Liabilities		 3,225 2,815 3,368 3,988 5,083 6,189 9,211 11,839 14,408 12,418 13,364
Total Current Liabilities		 2,835 2,633 3,063 3,514 4,491 4,801 7,134 9,415 11,417 7,464 7,871
Short-Term Debt		 786 1,536 1,822 1,918 2,378 2,985 3,988 4,791 5,642 2,483 2,953
Accounts Payable		 576 624 721 775 716 685 1,070 1,505 2,180 1,512 1,960
Current Deferred & Payable Income Tax Liabilities		 18 27 4.26 10 17 11 34 107 143 96 25
Current Employee Benefit Liabilities		 69 83 111 118 126 153 195 295 394 381 378
Other Current Liabilities		 138 166 288 691 483 968 1,730 2,717 2,901 2,992 2,554
Other Current Nonoperating Liabilities		 918 - - 0.00 145 0.00 87 0.00 157 0.00 0.00
Total Noncurrent Liabilities		 390 182 305 474 592 1,388 2,077 2,424 2,991 4,954 5,492
Long-Term Debt		 330 76 58 285 332 1,123 1,815 2,131 2,592 4,608 4,744
Noncurrent Deferred & Payable Income Tax Liabilities		 0.00 7.26 11 3.77 36 51 29 28 19 7.77 4.29
Other Noncurrent Operating Liabilities		 61 98 235 186 140 166 197 255 381 338 744
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 245 0.00 - - - - - - 0.00 210 221
Total Equity & Noncontrolling Interests		 663 926 1,026 1,230 1,786 1,998 2,242 3,915 4,723 4,480 3,722
Total Preferred & Common Equity		 658 926 1,026 1,141 1,336 1,536 1,734 2,369 2,839 2,726 2,249
Total Common Equity		 658 926 1,026 1,141 1,336 1,536 1,734 2,369 2,839 2,726 2,249
Common Stock		 445 451 508 584 658 808 882 1,437 1,512 1,541 1,692
Retained Earnings		 159 396 437 466 572 648 883 906 1,287 1,184 531
Treasury Stock		 -2.11 -1.99 -2.13 -2.02 -1.99 -6.64 -6.77 -6.26 -11 -30 -0.57
Accumulated Other Comprehensive Income / (Loss)		 1.92 15 3.57 10 9.04 -20 -24 32 51 31 26
Noncontrolling Interest		 4.56 -0.07 -0.00 89 451 462 508 1,547 1,884 1,754 1,473

Quarterly Balance Sheets for JinkoSolar

No quarterly balance sheets for JinkoSolar are available.

Annual Metrics And Ratios for JinkoSolar

This table displays calculated financial ratios and metrics derived from JinkoSolar's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 - - - - - - - - - - 209,429,353.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 209,429,353.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - -3.04
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 50.22% 30.42% 32.38% -10.27% 17.17% 26.51% 18.57% 88.12% 38.69% -24.39% -25.90%
EBITDA Growth		 36.26% 25.79% -64.06% 77.60% 68.32% -0.07% 49.45% 36.24% 204.51% -43.62% -103.08%
EBIT Growth		 36.84% 30.87% -83.89% 166.82% 127.36% -31.49% 72.98% 31.35% 222.68% -86.26% -974.34%
NOPAT Growth		 -10.32% 1.68% -68.50% 92.01% 108.03% -2.64% -24.39% -69.63% 1,553.01% -147.05% -165.45%
Net Income Growth		 12.17% 118.05% -92.36% 170.56% 124.82% -61.15% 190.80% 51.33% 300.50% -99.80% -55,131.06%
EPS Growth		 0.00% 0.00% 0.00% 143.52% 84.41% -128.04% 247.79% 54.23% -30.65% -101.09% -150.63%
Operating Cash Flow Growth		 606.04% -226.81% 89.49% 429.17% 126.43% -55.08% -25.72% -1,344.54% 331.54% 18.54% -93.30%
Free Cash Flow Firm Growth		 -70.66% 223.10% -134.13% 42.90% -106.00% -109.08% -83.60% -90.43% 77.79% 357.59% -164.22%
Invested Capital Growth		 55.76% -29.20% 20.31% 12.99% 23.78% 32.23% 39.10% 48.98% 16.75% -19.69% -0.10%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 18.97% 18.08% 11.30% 14.03% 18.26% 17.57% 16.31% 14.77% 16.05% 10.90% 2.15%
EBITDA Margin		 11.70% 11.29% 3.06% 6.07% 8.71% 6.88% 8.68% 6.28% 13.79% 9.55% -0.40%
Operating Margin		 7.26% 6.30% 1.23% 2.58% 5.81% 5.08% 2.70% 0.52% 5.13% -3.63% -13.60%
EBIT Margin		 7.62% 7.65% 0.93% 2.77% 5.37% 2.91% 4.24% 2.96% 6.89% 1.07% -12.66%
Profit (Net Income) Margin		 5.57% 9.31% 0.54% 1.62% 3.11% 0.95% 2.34% 1.88% 5.44% 0.01% -10.86%
Tax Burden Percent		 99.22% 159.63% 95.51% 99.56% 73.88% 59.19% 87.68% 79.18% 86.15% 5.19% 77.43%
Interest Burden Percent		 73.60% 76.22% 60.40% 58.75% 78.29% 55.42% 62.90% 80.25% 91.54% 26.27% 110.78%
Effective Tax Rate		 11.59% 20.64% 3.11% 1.08% 22.22% 31.50% 17.81% 30.62% 16.83% 26.71% 0.00%
Return on Invested Capital (ROIC)		 8.06% 7.87% 2.72% 4.48% 7.86% 5.95% 3.31% 0.69% 8.84% -4.28% -12.76%
ROIC Less NNEP Spread (ROIC-NNEP)		 6.10% 20.66% -0.58% 0.90% 1.50% -4.83% 3.66% 6.53% 14.03% 6.48% -17.46%
Return on Net Nonoperating Assets (RNNOA)		 7.30% 23.28% -0.48% 0.75% 0.94% -3.23% 3.77% 6.68% 12.20% 4.32% -10.79%
Return on Equity (ROE)		 15.35% 31.15% 2.23% 5.23% 8.80% 2.73% 7.07% 7.37% 21.04% 0.04% -23.56%
Cash Return on Invested Capital (CROIC)		 -35.55% 42.07% -15.72% -7.72% -13.39% -21.80% -29.40% -38.65% -6.62% 17.55% -12.66%
Operating Return on Assets (OROA)		 4.98% 5.96% 0.93% 2.10% 3.80% 2.09% 2.77% 2.63% 6.61% 0.75% -6.89%
Return on Assets (ROA)		 3.64% 7.25% 0.54% 1.23% 2.20% 0.68% 1.53% 1.67% 5.21% 0.01% -5.91%
Return on Common Equity (ROCE)		 10.99% 26.92% 2.23% 5.02% 7.22% 2.07% 5.46% 4.91% 12.68% 0.02% -13.58%
Return on Equity Simple (ROE_SIMPLE)		 19.91% 30.83% 2.13% 5.17% 9.94% 3.36% 8.65% 9.58% 32.01% 0.07% 0.00%
Net Operating Profit after Tax (NOPAT)		 151 154 48 93 193 188 142 43 714 -336 -891
NOPAT Margin		 6.42% 5.00% 1.19% 2.55% 4.52% 3.48% 2.22% 0.36% 4.27% -2.66% -9.52%
Net Nonoperating Expense Percent (NNEP)		 1.96% -12.79% 3.30% 3.59% 6.36% 10.78% -0.36% -5.84% -5.19% -10.76% 4.70%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - - -2.90% -7.81%
Cost of Revenue to Revenue		 81.03% 81.92% 88.70% 85.97% 81.74% 82.43% 83.69% 85.23% 83.95% 89.10% 97.85%
SG&A Expenses to Revenue		 3.37% 3.64% 1.78% 3.11% 3.56% 4.01% 4.81% 4.22% 3.86% 4.98% 5.05%
R&D to Revenue		 0.93% 0.85% 1.11% 1.46% 1.09% 1.11% 1.13% 0.87% 0.77% 1.00% 1.37%
Operating Expenses to Revenue		 11.71% 11.78% 10.07% 11.46% 12.45% 12.49% 13.61% 14.25% 10.92% 14.53% 15.75%
Earnings before Interest and Taxes (EBIT)		 179 235 38 101 229 157 272 357 1,152 136 -1,185
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 275 346 124 221 372 372 556 757 2,306 1,207 -37
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.25 0.49 0.71 0.27 0.63 1.72 1.19 0.79 0.65 0.48 0.59
Price to Tangible Book Value (P/TBV)		 1.26 0.50 0.71 0.28 0.63 1.73 1.19 0.79 0.67 0.49 0.61
Price to Revenue (P/Rev)		 0.35 0.15 0.18 0.09 0.20 0.49 0.32 0.15 0.11 0.10 0.14
Price to Earnings (P/E)		 7.90 1.75 33.53 5.28 6.54 74.73 18.21 20.74 3.83 173.76 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 4.06% 12.05% 10.85%
Earnings Yield		 12.65% 57.30% 2.98% 18.93% 15.29% 1.34% 5.49% 4.82% 26.13% 0.58% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.68 0.73 0.85 0.62 0.77 1.31 1.05 0.93 0.87 0.80 0.87
Enterprise Value to Revenue (EV/Rev)		 0.66 0.38 0.41 0.38 0.49 0.87 0.82 0.58 0.45 0.44 0.65
Enterprise Value to EBITDA (EV/EBITDA)		 5.64 3.39 13.23 6.19 5.60 12.66 9.43 9.18 3.28 4.61 0.00
Enterprise Value to EBIT (EV/EBIT)		 8.67 5.01 43.55 13.56 9.08 29.95 19.28 19.46 6.56 41.01 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 10.29 7.66 34.06 14.74 10.78 25.04 36.87 160.96 10.60 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 7.62 0.00 0.00 15.30 10.29 51.75 77.57 0.00 3.88 2.41 39.15
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 1.43 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4.04 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.23 1.74 1.83 1.79 1.56 2.08 2.60 1.77 1.74 1.51 1.95
Long-Term Debt to Equity		 0.36 0.08 0.06 0.23 0.23 0.59 0.83 0.55 0.55 0.98 1.20
Financial Leverage		 1.20 1.13 0.82 0.84 0.63 0.67 1.03 1.02 0.87 0.67 0.62
Leverage Ratio		 4.22 4.29 4.17 4.26 4.01 3.98 4.63 4.42 4.04 3.85 3.99
Compound Leverage Factor		 3.11 3.27 2.52 2.50 3.14 2.21 2.91 3.55 3.70 1.01 4.42
Debt to Total Capital		 55.16% 63.51% 64.69% 64.15% 61.01% 67.53% 72.26% 63.90% 63.55% 60.19% 66.13%
Short-Term Debt to Total Capital		 38.87% 60.50% 62.69% 55.86% 51.92% 48.50% 49.34% 44.17% 43.54% 21.08% 25.37%
Long-Term Debt to Total Capital		 16.29% 3.01% 2.00% 8.29% 9.08% 19.03% 22.91% 19.74% 20.00% 39.11% 40.76%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 12.32% 0.00% 0.00% 2.60% 9.83% 7.51% 6.29% 14.26% 14.54% 16.67% 14.55%
Common Equity to Total Capital		 32.52% 36.50% 35.31% 33.24% 29.16% 24.96% 21.46% 21.84% 21.91% 23.14% 19.32%
Debt to EBITDA		 4.05 4.65 15.11 9.96 7.51 11.17 10.51 9.15 3.57 5.88 -207.23
Net Debt to EBITDA		 1.75 2.07 7.38 4.37 2.12 4.30 4.81 4.67 1.66 1.90 -81.81
Long-Term Debt to EBITDA		 1.20 0.22 0.47 1.29 1.12 3.15 3.33 2.83 1.12 3.82 -127.72
Debt to NOPAT		 7.39 10.50 38.89 23.72 14.47 22.10 41.07 160.53 11.54 -21.12 -8.63
Net Debt to NOPAT		 3.19 4.68 18.99 10.41 4.08 8.50 18.80 81.92 5.35 -6.84 -3.41
Long-Term Debt to NOPAT		 2.18 0.50 1.21 3.06 2.15 6.23 13.02 49.58 3.63 -13.72 -5.32
Altman Z-Score		 1.09 1.33 1.21 0.89 0.96 1.15 0.88 1.05 1.26 1.06 0.55
Noncontrolling Interest Sharing Ratio		 28.39% 13.60% 0.00% 3.96% 17.90% 24.11% 22.87% 33.37% 39.72% 40.88% 42.37%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.21 1.07 0.98 0.95 1.01 1.08 1.00 1.05 1.02 1.26 1.25
Quick Ratio		 0.31 0.56 0.46 0.43 0.42 0.45 0.39 0.53 0.54 0.80 0.75
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -666 820 -280 -160 -329 -688 -1,264 -2,407 -535 1,377 -884
Operating Cash Flow to CapEx		 156.25% -84.71% -8.32% 26.91% 45.56% 14.91% 4.99% -50.28% 93.30% 192.12% 36.19%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 -122.99 -6.62 -9.61 -15.38 -3.24 8.79 -4.55
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 75.65 0.88 0.51 -5.37 11.81 14.74 0.80
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 -90.40 -4.99 -9.78 -16.06 -0.85 7.07 -1.40
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.65 0.78 1.00 0.76 0.71 0.72 0.65 0.89 0.96 0.70 0.54
Accounts Receivable Turnover		 4.96 4.67 4.24 3.79 4.91 6.76 6.61 6.66 5.89 4.89 4.83
Inventory Turnover		 4.82 4.45 5.56 4.20 4.18 4.19 3.18 4.46 5.51 5.26 4.84
Fixed Asset Turnover		 4.39 4.90 4.77 3.27 3.20 3.20 2.54 3.08 3.19 0.00 0.00
Accounts Payable Turnover		 3.52 4.19 5.36 4.19 4.68 6.36 6.11 7.98 7.62 6.10 5.28
Days Sales Outstanding (DSO)		 73.56 78.19 86.14 96.18 74.27 54.02 55.19 54.79 62.00 74.63 75.51
Days Inventory Outstanding (DIO)		 75.79 81.98 65.71 86.88 87.38 87.03 114.64 81.90 66.27 69.35 75.38
Days Payable Outstanding (DPO)		 103.63 87.12 68.13 87.17 77.99 57.40 59.70 45.73 47.92 59.83 69.15
Cash Conversion Cycle (CCC)		 45.73 73.04 83.71 95.89 83.66 83.64 110.13 90.95 80.36 84.15 81.74
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 2,283 1,616 1,945 2,197 2,720 3,596 5,002 7,453 8,701 6,988 6,981
Invested Capital Turnover		 1.26 1.57 2.28 1.76 1.74 1.71 1.49 1.94 2.07 1.61 1.34
Increase / (Decrease) in Invested Capital		 817 -667 328 253 522 876 1,406 2,450 1,248 -1,713 -7.12
Enterprise Value (EV)		 1,554 1,175 1,647 1,369 2,083 4,708 5,242 6,950 7,563 5,560 6,057
Market Capitalization		 823 457 729 313 844 2,648 2,061 1,866 1,858 1,298 1,325
Book Value per Share		 $5.29 $7.38 $8.10 $8.64 $8.52 $8.59 $9.25 $12.41 $14.11 $13.07 $10.95
Tangible Book Value per Share		 $5.27 $7.36 $8.07 $8.60 $8.48 $8.55 $9.20 $12.35 $13.71 $12.77 $10.64
Total Capital		 2,023 2,538 2,907 3,433 4,581 6,154 8,081 10,847 12,957 11,781 11,639
Total Debt		 1,116 1,612 1,881 2,202 2,795 4,156 5,839 6,932 8,234 7,091 7,697
Total Long-Term Debt		 330 76 58 285 416 1,171 1,852 2,141 2,592 4,608 4,744
Net Debt		 482 718 918 967 789 1,598 2,674 3,537 3,820 2,298 3,038
Capital Expenditures (CapEx)		 130 305 327 332 445 610 1,355 1,673 2,087 1,202 428
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 743 834 847 633 548 1,050 1,121 2,336 2,023 119 571
Debt-free Net Working Capital (DFNWC)		 1,376 1,727 1,768 1,730 2,437 3,364 3,998 5,282 5,907 4,453 4,922
Net Working Capital (NWC)		 590 191 -54 -187 59 379 10 492 265 1,970 1,969
Net Nonoperating Expense (NNE)		 20 -132 27 34 60 136 -7.76 -184 -195 -338 125
Net Nonoperating Obligations (NNO)		 1,376 690 918 967 934 1,598 2,760 3,537 3,978 2,298 3,038
Total Depreciation and Amortization (D&A)		 96 112 87 120 143 215 284 400 1,153 1,071 1,148
Debt-free, Cash-free Net Working Capital to Revenue		 31.59% 27.18% 20.85% 17.36% 12.83% 19.43% 17.49% 19.38% 12.10% 0.94% 6.10%
Debt-free Net Working Capital to Revenue		 58.48% 56.27% 43.53% 47.47% 57.07% 62.26% 62.40% 43.83% 35.34% 35.23% 52.55%
Net Working Capital to Revenue		 25.06% 6.23% -1.34% -5.14% 1.38% 7.02% 0.16% 4.08% 1.59% 15.59% 21.02%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.85 $0.00 $0.00 $0.00 $0.76 $0.20 $0.59 $0.45 $2.34 $0.01 ($0.44)
Adjusted Weighted Average Basic Shares Outstanding		 124.62M 125.87M 128.94M 153.81M 169.36M 178.94M 190.67M 198.00M 207.71M 208.61M 208.41M
Adjusted Diluted Earnings per Share		 $0.83 $0.00 $0.00 $0.00 $0.70 ($0.21) $0.31 $0.45 $2.15 ($0.02) ($0.44)
Adjusted Weighted Average Diluted Shares Outstanding		 127.80M 130.59M 131.69M 154.70M 166.57M 171.44M 205.72M 200.41M 226.11M 209.98M 208.41M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 125.47M 126.73M 132.15M 156.86M 178.93M 187.43M 190.82M 201.19M 208.56M 205.35M 209.43M
Normalized Net Operating Profit after Tax (NOPAT)		 151 168 48 95 201 200 177 81 789 -211 -725
Normalized NOPAT Margin		 6.42% 5.47% 1.19% 2.60% 4.70% 3.70% 2.77% 0.67% 4.72% -1.67% -7.74%
Pre Tax Income Margin		 5.61% 5.83% 0.56% 1.63% 4.21% 1.61% 2.67% 2.38% 6.31% 0.28% -14.02%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 85.71 1.51 2.07 2.28 6.99 0.87 -6.10
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 72.15 1.81 1.08 0.28 4.33 -2.14 -4.58
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 -80.35 -4.36 -8.23 -8.41 -5.67 -6.81 -8.29
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 -93.90 -4.06 -9.22 -10.41 -8.33 -9.82 -6.78
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 85.51% 0.00% 6.08% 14.38% 10,893.50% -16.65%
Augmented Payout Ratio		 0.00% 1.79% 0.00% 0.00% 0.00% 94.25% 0.00% 9.09% 15.61% 17,380.96% -16.70%

Quarterly Metrics And Ratios for JinkoSolar

No quarterly metrics and ratios for JinkoSolar are available.


Financials Breakdown Chart

JinkoSolar Financials - Frequently Asked Questions

According to the most recent income statement we have on file, JinkoSolar's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

JinkoSolar's net income appears to be on a downward trend, with a most recent value of -$1.02 billion in 2025, falling from $130.98 million in 2015. The previous period was $1.85 million in 2024. View JinkoSolar's forecast to see where analysts expect JinkoSolar to go next.

JinkoSolar's total operating income in 2025 was -$1.27 billion, based on the following breakdown:
  • Total Gross Profit: $201.71 million
  • Total Operating Expenses: $1.48 billion

Over the last 10 years, JinkoSolar's total revenue changed from $2.35 billion in 2015 to $9.37 billion in 2025, a change of 298.1%.

JinkoSolar's total liabilities were at $13.36 billion at the end of 2025, a 7.6% increase from 2024, and a 314.3% increase since 2015.

In the past 10 years, JinkoSolar's cash and equivalents has ranged from $295.89 million in 2017 to $3.43 billion in 2024, and is currently $2.86 billion as of their latest financial filing in 2025.

Over the last 10 years, JinkoSolar's book value per share changed from 5.29 in 2015 to 10.95 in 2025, a change of 106.9%.


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Financial statements for NYSE:JKS last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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