Shoals Technologies Group, Inc. (SHLS) Earnings History
Turnaround8 years of earnings data (2018–2025) · Recovering earnings after a multi-year decline
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Shoals Technologies Group, Inc. (SHLS) Earnings Overview
As of June 21, 2026, Shoals Technologies Group, Inc. (SHLS) reported trailing twelve-month net income of $34M, reflecting +42.9% year-over-year growth. The company earned $0.20 per diluted share over the past four quarters, with a net profit margin of 7.1%.
Looking at the long-term picture, SHLS's 5-year EPS compound annual growth rate (CAGR) stands at -1.0%, signaling declining earnings. The company achieved its highest annual net income of $128M in fiscal 2022.
Shoals Technologies Group, Inc. maintains positive profitability with a gross margin of 35.0%, operating margin of 11.9%, and net margin of 7.1%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including GNRC ($189M net income, 3.8% margin), REZI (-$495M net income, -7.1% margin), ARRY (-$67M net income, -4.1% margin), SHLS has outperformed on profitability metrics. Compare SHLS vs GNRC →
SHLS Earnings vs Peers
Earnings metrics vs comparable public companies
SHLS Historical Earnings Data (2018–2025)
8 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $34M | +39.2% | $56M | $0.20 | 7.1% | 11.9% |
| 2024 | $24M | -39.6% | $51M | $0.14 | 6.0% | 12.8% |
| 2023 | $40M | -68.7% | $79M | $0.24 | 8.2% | 16.2% |
| 2022 | $128M | +5334.9% | $66M | $0.85 | 39.0% | 20.3% |
| 2021 | $2M | -93.0% | $36M | $0.02 | 1.1% | 17.0% |
| 2020 | $34M | +34.3% | $37M | $0.21 | 19.2% | 21.2% |
| 2019 | $25M | +190.8% | $27M | $0.15 | 17.4% | 18.6% |
| 2018 | $9M | - | $11M | $0.05 | 8.3% | 10.7% |
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SHLS — Frequently Asked Questions
Quick answers to the most common questions about buying SHLS stock.
What is SHLS earnings per share (EPS)?
SHLS trailing twelve-month (TTM) diluted EPS is $0.20, reflecting +42.9% year-over-year growth. The 5-year EPS CAGR is -1.0%. Complete EPS history from 2018 to 2025 is available in the table on this page.
What is Shoals Technologies Group, Inc.'s net income?
Shoals Technologies Group, Inc. (SHLS) trailing twelve-month net income is $34M as of 2025. Earnings grew +42.9% year-over-year. Shoals Technologies Group, Inc. has been profitable for 8 consecutive years.
Is SHLS profitable?
Yes, SHLS is profitable with a TTM net income of $34M and a net profit margin of +7.1%. Shoals Technologies Group, Inc. has generated profits for 8 consecutive years.
What is SHLS's earnings growth rate?
SHLS compound annual EPS growth rates (CAGR): 1-Year: +42.9%, 3-Year: -38.3%, 5-Year: -1.0%, 10-Year: N/A. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 2018 to 2025.
What are SHLS's profit margins?
Shoals Technologies Group, Inc. net profit margin is +7.1%, operating margin is +11.9%, and gross margin is +35.0%. Margins are within a typical range for the sector. Return on Equity is +5.8%.
Is SHLS growing earnings?
Yes, SHLS earnings are accelerating — EPS growth of +42.9% exceeds the 5-year CAGR of -1.0%. TTM net income reached $34M. Earnings momentum is strengthening.
What was SHLS's best earnings year?
Shoals Technologies Group, Inc.'s highest annual net income on record is $128M, achieved in fiscal year 2022. Earnings history on this page spans 2018 to 2025 and includes all annual and quarterly figures.
What were SHLS's earnings last quarter?
SHLS's most recent reported quarter was Q1 2026. Net income was $-297000.00 with diluted EPS of $-0.00. For a full breakdown of all quarters, see the quarterly earnings table on this page.