Shoals Technologies Group, Inc. (SHLS) Earnings History
Annual and quarterly earnings data from 2018 to 2025
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SHLS EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
SHLS Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 35.0% | 11.9% | 7.1% |
| 2024 | 35.6% | 12.8% | 6.0% |
| 2023 | 34.4% | 16.2% | 8.2% |
| 2022 | 40.2% | 20.3% | 39.0% |
| 2021 | 38.8% | 17.0% | 1.1% |
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Shoals Technologies Group, Inc. (SHLS) Earnings Overview
As of May 6, 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 (-$527M 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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Start ComparisonSHLS — Frequently Asked Questions
Quick answers to the most common questions about buying SHLS stock.
Is SHLS growing earnings?
SHLS EPS is $0.20, with earnings growth accelerating to +42.9%. This exceeds the 5-year CAGR of -1.0%. TTM net income reached $34M.
What are SHLS's profit margins?
Shoals Technologies Group, Inc. net margin is +7.1%, with operating margin at +11.9%. Margins sit within typical range for the sector.
How consistent are SHLS's earnings?
SHLS earnings data spans 2018-2025. The accelerating earnings trend is +42.9% YoY. Historical data enables comparison across business cycles.