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Shoals Technologies Group, Inc.(SHLS)Earnings, Financials & Key Ratios
SHLS•NASDAQ
$8.13
$1.36B mkt cap·40.7× P/E·Price updated May 6, 2026
AboutShoals Technologies Group, Inc. provides electrical balance of system (EBOS) solutions for solar energy projects in the United States. It produces EBOS components, including cable assemblies, inline fuses, combiners, disconnects, recombiners, wireless monitoring systems, junction boxes, transition enclosures, splice boxes, wire management solutions, and IV curve benchmarking devices. The company also sells EV Charging solutions for public and fleet electric vehicle charging stations; and EBOS systems. It sells its products principally to engineering, procurement, and construction firms that build solar energy projects and install electric vehicle charging stations. Shoals Technologies Group, Inc. was founded in 1996 and is headquartered in Portland, Tennessee.Show more
- Revenue$475M+19.1%
- EBITDA$65M+1.9%
- Net Income$34M+39.2%
- EPS (Diluted)0.20+42.9%
- Gross Margin35.03%-1.5%
- EBITDA Margin13.67%-14.5%
- Operating Margin11.86%-7.5%
- Net Margin7.06%+16.9%
- ROE5.8%+32.5%
- ROIC5.86%+5.3%
- Debt/Equity0.29+14.8%
- Interest Coverage5.85+56.6%
SHLS Key Insights
Shoals Technologies Group, Inc. (SHLS) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong 5Y sales CAGR of 22.0%
- ✓Healthy 5Y average net margin of 12.3%
✗Weaknesses
- ✗Negative free cash flow
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
SHLS Price & Volume
Shoals Technologies Group, Inc. (SHLS) stock price & volume — 10-year historical chart
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SHLS Growth Metrics
Shoals Technologies Group, Inc. (SHLS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years22.05%
3 Years13.29%
TTM37.75%
Profit CAGR
10 Years-
5 Years-0.11%
3 Years-35.92%
TTM49.3%
EPS CAGR
10 Years-
5 Years-0.97%
3 Years-38.26%
TTM49.03%
Return on Capital
10 Years12.3%
5 Years10.75%
3 Years8.93%
Last Year7.57%
SHLS Recent Earnings
Shoals Technologies Group, Inc. (SHLS) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
May 5, 2026EPS
$0.07
Est $0.06
+16.7%
Revenue
$141M
Est $129M
+8.8%
Q1 2026
Feb 24, 2026EPS
$0.10
Est $0.14
-28.6%
Revenue
$148M
Est $145M
+2.4%
Q4 2025
Nov 4, 2025EPS
$0.12
Est $0.13
-4.2%
Revenue
$136M
Est $131M
+3.8%
Q3 2025
Aug 5, 2025EPS
$0.10
Est $0.08
+25.0%
Revenue
$111M
Est $131M
-15.7%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $0.07vs $0.06+16.7% | $141Mvs $129M+8.8% |
| Q1 2026 | Feb 24, 2026 | $0.10vs $0.14-28.6% | $148Mvs $145M+2.4% |
| Q4 2025 | Nov 4, 2025 | $0.12vs $0.13-4.2% | $136Mvs $131M+3.8% |
| Q3 2025 | Aug 5, 2025 | $0.10vs $0.08+25.0% | $111Mvs $131M-15.7% |
Based on last 12 quarters of dataView full earnings history →
SHLS Peer Comparison
Shoals Technologies Group, Inc. (SHLS) competitors in Solar racking, trackers and BOS components — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 GNRC | 15.47B | 263.68 | 98.02 | -2.02% | 4.37% | 7.18% | 1.73% | 0.51 |
 REZI | 6.05B | 40.34 | -10.70 | 10.52% | -7.05% | -18.07% | 1.09 | |
 ARRY | 1.25B | 8.18 | -11.21 | 40.22% | -4.07% | -20.06% | 0.41 | |
 FTCI | 55.1M | 3.45 | -0.63 | 110.51% | -42.13% | |||
 ENPH | 4.75B | 36.02 | 27.92 | 10.72% | 9.64% | 13.28% | 2.02% | 1.14 |
 SEDG | 2.66B | 44.64 | -6.47 | 31.39% | -57.48% | -122.19% | 3.04% | 0.99 |
 FSLR | 23.56B | 219.28 | 15.43 | 24.09% | 30.73% | 18.01% | 5.04% | 0.05 |
 SPWR | 891.49M | 1.05 | -15.70 | 2.92% | -13.21% |
Compare SHLS vs Peers
Shoals Technologies Group, Inc. (SHLS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
SHLS Income Statement
Shoals Technologies Group, Inc. (SHLS) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 103.75M | 144.5M | 175.52M | 213.21M | 326.94M | 488.94M | 399.21M | 475.33M | 535.53M |
| Revenue Growth % | - | 39.27% | 21.47% | 21.48% | 53.34% | 49.55% | -18.35% | 19.07% | 37.75% |
| Cost of Goods Sold | 75.58M | 100.28M | 108.97M | 130.57M | 195.63M | 320.63M | 257.19M | 308.82M | 356.15M |
| COGS % of Revenue | 72.85% | 69.4% | 62.09% | 61.24% | 59.84% | 65.58% | 64.43% | 64.97% | - |
| Gross Profit | 28.17M▲ 0% | 44.21M▲ 57.0% | 66.55M▲ 50.5% | 82.64M▲ 24.2% | 131.31M▲ 58.9% | 168.3M▲ 28.2% | 142.02M▼ 15.6% | 166.51M▲ 17.2% | 179.38M▲ 0% |
| Gross Margin % | 27.15% | 30.6% | 37.91% | 38.76% | 40.16% | 34.42% | 35.57% | 35.03% | 33.5% |
| Gross Profit Growth % | - | 56.96% | 50.52% | 24.19% | 58.89% | 28.17% | -15.62% | 17.25% | - |
| Operating Expenses | 17.08M | 17.28M | 29.27M | 46.41M | 64.98M | 89.27M | 90.84M | 110.12M | 119.59M |
| OpEx % of Revenue | 16.46% | 11.96% | 16.68% | 21.77% | 19.88% | 18.26% | 22.76% | 23.17% | - |
| Selling, General & Admin | 8.9M | 9.06M | 21.01M | 37.89M | 55.91M | 80.72M | 82.25M | 101.52M | 110.84M |
| SG&A % of Revenue | 8.58% | 6.27% | 11.97% | 17.77% | 17.1% | 16.51% | 20.6% | 21.36% | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 8.18M | 8.22M | 8.26M | 8.52M | 9.07M | 8.55M | 8.59M | 8.6M | 2M |
| Operating Income | 11.09M▲ 0% | 26.93M▲ 142.9% | 37.28M▲ 38.4% | 36.23M▼ 2.8% | 66.33M▲ 83.1% | 79.03M▲ 19.2% | 51.17M▼ 35.3% | 56.38M▲ 10.2% | 59.79M▲ 0% |
| Operating Margin % | 10.69% | 18.64% | 21.24% | 16.99% | 20.29% | 16.16% | 12.82% | 11.86% | 11.16% |
| Operating Income Growth % | - | 142.9% | 38.42% | -2.8% | 83.07% | 19.15% | -35.25% | 10.19% | - |
| EBITDA | 20.08M | 36.09M | 46.68M | 46.28M | 76.84M | 89.56M | 63.8M | 64.98M | 70.93M |
| EBITDA Margin % | 19.35% | 24.98% | 26.6% | 21.71% | 23.5% | 18.32% | 15.98% | 13.67% | 13.25% |
| EBITDA Growth % | - | 79.77% | 29.34% | -0.85% | 66.01% | 16.56% | -28.77% | 1.86% | 24.86% |
| D&A (Non-Cash Add-back) | 8.99M | 9.16M | 9.4M | 10.05M | 10.51M | 10.53M | 12.63M | 8.6M | 11.14M |
| EBIT | 11.09M | 26.93M | 37.28M | 18.58M | 170.54M | 79.03M | 51.69M | 58.51M | 54.04M |
| Net Interest Income | -2.44M | -1.79M | -3.51M | -14.55M | -18.54M | -24.1M | -13.31M | -9.69M | -7.39M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 518K | 305K | 208K |
| Interest Expense | 2.44M | 1.79M | 3.51M | 14.55M | 18.54M | 24.1M | 13.83M | 9.99M | 4.64M |
| Other Income/Expense | -2.44M | -1.79M | -3.51M | -32.2M | 85.67M | -24.1M | -13.31M | -7.87M | -5.57M |
| Pretax Income | 8.65M▲ 0% | 25.14M▲ 190.8% | 33.77M▲ 34.3% | 4.03M▼ 88.1% | 152M▲ 3671.7% | 54.94M▼ 63.9% | 37.86M▼ 31.1% | 48.52M▲ 28.1% | 46.12M▲ 0% |
| Pretax Margin % | 8.33% | 17.4% | 19.24% | 1.89% | 46.49% | 11.24% | 9.48% | 10.21% | 8.61% |
| Income Tax | 0 | 0 | 0 | 86K | 8.99M | 12.27M | 13.74M | 14.94M | 12.74M |
| Effective Tax Rate % | 0% | 0% | 0% | 2.13% | 5.91% | 22.34% | 36.28% | 30.8% | 27.62% |
| Net Income | 8.65M▲ 0% | 25.14M▲ 190.8% | 33.77M▲ 34.3% | 2.35M▼ 93.0% | 127.61M▲ 5334.9% | 39.97M▼ 68.7% | 24.13M▼ 39.6% | 33.57M▲ 39.2% | 33.56M▲ 0% |
| Net Margin % | 8.33% | 17.4% | 19.24% | 1.1% | 39.03% | 8.18% | 6.04% | 7.06% | 6.27% |
| Net Income Growth % | - | 190.77% | 34.3% | -93.05% | 5334.88% | -68.68% | -39.64% | 39.16% | 49.3% |
| Net Income (Continuing) | 8.65M | 25.14M | 33.77M | 3.94M | 143.01M | 42.66M | 24.13M | 33.57M | 33.56M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | -10.05M | 9.62M | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.05▲ 0% | 0.15▲ 189.0% | 0.21▲ 40.0% | 0.02▼ 90.0% | 0.85▲ 3947.6% | 0.24▼ 71.8% | 0.14▼ 41.7% | 0.20▲ 42.9% | 0.20▲ 0% |
| EPS Growth % | - | 189.02% | 40% | -90% | 3947.62% | -71.76% | -41.67% | 42.86% | 49.03% |
| EPS (Basic) | 0.05 | 0.15 | 0.21 | 0.02 | 1.11 | 0.24 | 0.14 | 0.20 | - |
| Diluted Shares Outstanding | 166.59M | 166.59M | 160.28M | 112.05M | 167.63M | 164.5M | 168.72M | 168.38M | 167.56M |
| Basic Shares Outstanding | 160.28M | 160.28M | 160.28M | 112.05M | 114.5M | 164.16M | 168.57M | 167.26M | 167.56M |
| Dividend Payout Ratio | 123.29% | 55.64% | 1113.68% | - | - | - | - | - | - |
SHLS Balance Sheet
Shoals Technologies Group, Inc. (SHLS) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 36.99M | 46.51M | 56.15M | 93.45M | 153.54M | 227.19M | 188.35M | 257.89M | 382.54M |
| Cash & Short-Term Investments | 108K | 7.08M | 10.07M | 5.01M | 8.77M | 22.71M | 23.51M | 7.32M | 1.88M |
| Cash Only | 108K | 7.08M | 10.07M | 5.01M | 8.77M | 22.71M | 23.51M | 7.32M | 1.88M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 26.01M | 29.8M | 30.8M | 45.03M | 67.29M | 147.25M | 99.02M | 150.93M | 144.35M |
| Days Sales Outstanding | 91.5 | 75.27 | 64.05 | 77.09 | 75.12 | 109.93 | 90.53 | 115.89 | 90.94 |
| Inventory | 9.94M | 8.83M | 15.12M | 38.37M | 72.85M | 52.8M | 55.98M | 89.88M | 158.99M |
| Days Inventory Outstanding | 48.01 | 32.15 | 50.65 | 107.26 | 135.93 | 60.11 | 79.44 | 106.23 | 93.8 |
| Other Current Assets | 935K | 798K | 155K | 5.04M | 4.63M | 4.42M | 9.85M | 9.76M | 77.32M |
| Total Non-Current Assets | 148.54M | 141.1M | 139.16M | 332.97M | 441.36M | 616.81M | 604.73M | 646.22M | 648.35M |
| Property, Plant & Equipment | 10.41M | 10.95M | 12.76M | 15.57M | 16.87M | 24.84M | 28.22M | 99.35M | 104.07M |
| Fixed Asset Turnover | 9.97x | 13.20x | 13.75x | 13.69x | 19.38x | 19.69x | 14.15x | 4.78x | 6.27x |
| Goodwill | 50.18M | 50.18M | 50.18M | 69.44M | 69.94M | 69.94M | 69.94M | 69.94M | 69.94M |
| Intangible Assets | 87.96M | 79.97M | 71.99M | 65.24M | 56.59M | 48.67M | 41.08M | 33.5M | 31.6M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 4.24M | 5.76M | 6.33M | 5.17M | 11.32M | 5.4M | 23.55M |
| Total Assets | 185.53M▲ 0% | 187.61M▲ 1.1% | 195.31M▲ 4.1% | 426.41M▲ 118.3% | 594.89M▲ 39.5% | 843.99M▲ 41.9% | 793.08M▼ 6.0% | 904.1M▲ 14.0% | 1.03B▲ 0% |
| Asset Turnover | 0.56x | 0.77x | 0.90x | 0.50x | 0.55x | 0.58x | 0.50x | 0.53x | 0.60x |
| Asset Growth % | - | 1.12% | 4.11% | 118.33% | 39.51% | 41.87% | -6.03% | 14% | 51.88% |
| Total Current Liabilities | 11.23M | 24.54M | 24.1M | 31.55M | 52.62M | 92.63M | 80.91M | 127.32M | 208.31M |
| Accounts Payable | 6.19M | 10.38M | 14.63M | 19.98M | 9.48M | 14.4M | 20.03M | 64.88M | 80.42M |
| Days Payables Outstanding | 29.88 | 37.79 | 49.02 | 55.87 | 17.69 | 16.39 | 28.43 | 76.68 | 53.42 |
| Short-Term Debt | 3.5M | 12.89M | 3.5M | 2M | 2M | 2M | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 1.84M | 23.26M | 22.23M | 18.74M | 37.03M | 113.55M |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 5.48M | 41.9M | 34.61M | 25.42M | 177.96M |
| Current Ratio | 3.29x | 1.90x | 2.33x | 2.96x | 2.92x | 2.45x | 2.33x | 2.03x | 2.03x |
| Quick Ratio | 2.41x | 1.54x | 1.70x | 1.75x | 1.53x | 1.88x | 1.64x | 1.32x | 1.32x |
| Cash Conversion Cycle | 109.63 | 69.63 | 65.68 | 128.48 | 193.36 | 153.65 | 141.54 | 145.45 | 131.33 |
| Total Non-Current Liabilities | 36.02M | 13.16M | 355.33M | 402.36M | 241.28M | 206.37M | 155.37M | 176.81M | 220.94M |
| Long-Term Debt | 36.02M | 13.16M | 355.33M | 245.05M | 237.06M | 179.44M | 141.75M | 175.41M | 219.55M |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 39.49M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 157.31M | 4.22M | 26.92M | 13.62M | 1.39M | 13.28M |
| Total Liabilities | 47.25M | 37.7M | 379.43M | 433.91M | 293.91M | 299M | 236.28M | 304.13M | 429.25M |
| Total Debt | 39.52M | 26.05M | 358.83M | 247.05M | 239.06M | 181.44M | 141.75M | 175.41M | 219.55M |
| Net Debt | 39.41M | 18.97M | 348.76M | 242.05M | 230.3M | 158.74M | 118.24M | 168.09M | 217.67M |
| Debt / Equity | 0.29x | 0.17x | - | - | 0.79x | 0.33x | 0.25x | 0.29x | 0.29x |
| Debt / EBITDA | 1.97x | 0.72x | 7.69x | 5.34x | 3.11x | 2.03x | 2.22x | 2.70x | 3.10x |
| Net Debt / EBITDA | 1.96x | 0.53x | 7.47x | 5.23x | 3.00x | 1.77x | 1.85x | 2.59x | 2.59x |
| Interest Coverage | 4.54x | 15.07x | 10.62x | 1.28x | 9.20x | 3.28x | 3.74x | 5.85x | 11.65x |
| Total Equity | 138.28M▲ 0% | 149.91M▲ 8.4% | -184.12M▼ 222.8% | -7.5M▲ 95.9% | 300.99M▲ 4114.3% | 545M▲ 81.1% | 556.8M▲ 2.2% | 599.97M▲ 7.8% | 601.65M▲ 0% |
| Equity Growth % | - | 8.41% | -222.83% | 95.93% | 4114.26% | 81.07% | 2.17% | 7.75% | 29.21% |
| Book Value per Share | 0.83 | 0.90 | -1.15 | -0.07 | 1.80 | 3.31 | 3.30 | 3.56 | 3.59 |
| Total Shareholders' Equity | 138.28M | 149.91M | -184.12M | 2.55M | 291.37M | 545M | 556.8M | 599.97M | 601.65M |
| Common Stock | 138.28M | 0 | 0 | 2K | 2K | 2K | 2K | 2K | 2K |
| Retained Earnings | 0 | 0 | 0 | -93.13M | 34.48M | 74.45M | 98.58M | 132.15M | 131.86M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | -25.33M | 0 | 0 |
| Accumulated OCI | -1.47M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | -10.05M | 9.62M | 0 | 0 | 0 | 0 |
SHLS Cash Flow Statement
Shoals Technologies Group, Inc. (SHLS) cash flow — operating, investing & free cash flow history
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 3M | 36.18M | 54.08M | -4.08M | 39.45M | 91.95M | 80.39M | 17.07M | 17.07M |
| Operating CF Margin % | 2.89% | 25.04% | 30.81% | -1.92% | 12.07% | 18.81% | 20.14% | 3.59% | - |
| Operating CF Growth % | - | 1105.66% | 49.47% | -107.55% | 1066.32% | 133.06% | -12.58% | -78.77% | -608.47% |
| Net Income | 8.65M | 25.14M | 33.77M | 3.94M | 143.01M | 42.66M | 24.13M | 33.57M | 33.56M |
| Depreciation & Amortization | 8.99M | 9.16M | 9.4M | 10.05M | 10.51M | 10.53M | 12.63M | 14.44M | 14.79M |
| Stock-Based Compensation | 0 | 0 | 8.25M | 11.29M | 16.11M | 20.86M | 14.23M | 9.9M | 10.56M |
| Deferred Taxes | 0 | 0 | 0 | -1.48M | 8.41M | 11.33M | 14.04M | 16.13M | 13.76M |
| Other Non-Cash Items | -2K | 339K | 539K | 6.33M | -100.57M | 67.06M | 20.97M | 2.78M | -45.9M |
| Working Capital Changes | -14.63M | 1.54M | 2.12M | -34.22M | -38.01M | -60.49M | -5.6M | -59.76M | -66.7M |
| Change in Receivables | -9.84M | -473K | -1M | -8.92M | -19.21M | -80.26M | 48.24M | -51.91M | -73.22M |
| Change in Inventory | -4.45M | -694K | -6.47M | -17.19M | -36.93M | 15.01M | -5.84M | -35.11M | -99.29M |
| Change in Payables | -656K | 4.2M | 4.25M | -3.88M | -11.03M | 5.17M | 5.64M | 43.32M | 51.86M |
| Cash from Investing | -1.41M | -1.72M | -3.24M | -17.04M | -3.66M | -10.85M | -8.39M | -27.95M | -32.39M |
| Capital Expenditures | -1.41M | -1.72M | -3.24M | -4.13M | -3.15M | -10.58M | -8.39M | -33.04M | -37.48M |
| CapEx % of Revenue | 1.35% | 1.19% | 1.84% | 1.94% | 0.96% | 2.16% | 2.1% | 6.95% | - |
| Acquisitions | 0 | 0 | 0 | -12.91M | 0 | 0 | 0 | 5.09M | 0 |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | -503K | -269K | 0 | 0 | 5.09M |
| Cash from Financing | -19.16M | -27.49M | -47.85M | 20.6M | -36.59M | -67.17M | -71.19M | -5.3M | 38.6M |
| Debt Issued (Net) | -8.5M | -13.5M | 343.75M | -119.15M | -9.14M | -59.5M | -42M | -5M | -5M |
| Equity Issued (Net) | 0 | 0 | 0 | 559.9M | -1.3M | 0 | -25.33M | -362K | -46K |
| Dividends Paid | -10.66M | -13.99M | -376.05M | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | -25.33M | -362K | -46K |
| Other Financing | 0 | 0 | -15.56M | -420.15M | -26.15M | -7.67M | -3.86M | 59K | 43.65M |
| Net Change in Cash | -17.57M▲ 0% | 6.97M▲ 139.7% | 2.99M▼ 57.1% | -516K▼ 117.3% | -791K▼ 53.3% | 13.94M▲ 1862.5% | 804K▼ 94.2% | -16.19M▼ 2113.8% | -33.73M▲ 0% |
| Free Cash Flow | 1.6M▲ 0% | 34.46M▲ 2059.3% | 50.85M▲ 47.5% | -8.21M▼ 116.1% | 36.3M▲ 542.2% | 81.38M▲ 124.2% | 72M▼ 11.5% | -15.98M▼ 122.2% | -77.42M▲ 0% |
| FCF Margin % | 1.54% | 23.85% | 28.97% | -3.85% | 11.1% | 16.64% | 18.03% | -3.36% | -14.46% |
| FCF Growth % | - | 2059.34% | 47.54% | -116.14% | 542.21% | 124.17% | -11.53% | -122.19% | -204.67% |
| FCF per Share | 0.01 | 0.21 | 0.32 | -0.07 | 0.22 | 0.49 | 0.43 | -0.09 | -0.09 |
| FCF Conversion (FCF/Net Income) | 0.35x | 1.44x | 1.60x | -1.74x | 0.31x | 2.30x | 3.33x | 0.51x | -2.31x |
| Interest Paid | 0 | 0 | 3.03M | 10.81M | 12.84M | 23.1M | 16.29M | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 1.19M | 786K | 1.32M | 109K | 0 | 0 |
SHLS Key Ratios
Shoals Technologies Group, Inc. (SHLS) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 17.45% | - | - | 86.96% | 9.45% | 4.38% | 5.8% | 5.67% |
| Return on Invested Capital (ROIC) | 11.66% | 16.77% | 13.61% | 12.99% | 9.6% | 5.57% | 5.86% | 5.86% |
| Gross Margin | 30.6% | 37.91% | 38.76% | 40.16% | 34.42% | 35.57% | 35.03% | 33.5% |
| Net Margin | 17.4% | 19.24% | 1.1% | 39.03% | 8.18% | 6.04% | 7.06% | 6.27% |
| Debt / Equity | 0.17x | - | - | 0.79x | 0.33x | 0.25x | 0.29x | 0.29x |
| Interest Coverage | 15.07x | 10.62x | 1.28x | 9.20x | 3.28x | 3.74x | 5.85x | 11.65x |
| FCF Conversion | 1.44x | 1.60x | -1.74x | 0.31x | 2.30x | 3.33x | 0.51x | -2.31x |
| Revenue Growth | 39.27% | 21.47% | 21.48% | 53.34% | 49.55% | -18.35% | 19.07% | 37.75% |
SHLS SEC Filings & Documents
Shoals Technologies Group, Inc. (SHLS) SEC filings — annual & quarterly reports (10-K, 10-Q)
SHLS Frequently Asked Questions
Shoals Technologies Group, Inc. (SHLS) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Shoals Technologies Group, Inc. (SHLS) reported $535.5M in revenue for fiscal year 2025. This represents a 416% increase from $103.8M in 2018.
Shoals Technologies Group, Inc. (SHLS) grew revenue by 19.1% over the past year. This is strong growth.
Yes, Shoals Technologies Group, Inc. (SHLS) is profitable, generating $33.6M in net income for fiscal year 2025 (7.1% net margin).
Dividend & Returns
Shoals Technologies Group, Inc. (SHLS) has a return on equity (ROE) of 5.8%. This is below average, suggesting room for improvement.
Shoals Technologies Group, Inc. (SHLS) had negative free cash flow of $77.4M in fiscal year 2025, likely due to heavy capital investments.
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