SHLS

+ Watchlist + Portfolio

Shoals Technologies Group, Inc.

GridBrain — Sign in

GridSentinel — Sign in

GridAegis — Sign in

Key Metrics

Previous Close: $7.95
52-Week Range: $5.43 – $13.18
Market Cap: $1.24B
P/E (TTM): 38.82
EPS (TTM): 0.19
Dividend Yield: —

Advanced Metrics

Price/Book: 2.06
PEG Ratio: 0.79
Return on Equity: 5.34%
Return on Assets: 5.84%
Gross Margin: 32.11%
Operating Margin: 13.81%
Profit Margin: 5.42%
Current Ratio: 2.25
Debt/Equity: 0.38
Total Debt: $233.81M
Free Cash Flow: $-42.99M
Revenue Growth: 47.40%
Earnings Growth: -12.50%
Enterprise Value: $1.56B

SHLS Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$326.94M	$488.94M	$399.21M	$475.33M
Cost of Revenue	$195.63M	$320.63M	$257.19M	$308.82M
Gross Profit	$131.31M	$168.30M	$142.02M	$166.51M
Selling, General & Admin	$55.91M	$80.72M	$82.25M	$101.52M
Operating Expenses	$64.98M	$89.27M	$90.84M	$110.12M
Operating Income	$66.33M	$79.03M	$51.17M	$56.38M
EBITDA	$181.05M	$89.56M	$64.32M	$72.33M
Pretax Income	$152.00M	$54.94M	$37.86M	$48.52M
Income Tax	$8.99M	$12.27M	$13.74M	$14.94M
Net Income	$127.61M	$39.97M	$24.13M	$33.57M
Diluted EPS	0.85	0.24	0.14	0.20
Diluted Shares	167.63M	164.50M	168.72M	168.38M

SHLS Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$8.77M	$22.71M	$23.51M	$7.32M
Receivables	$67.29M	$147.25M	$99.02M	$150.93M
Inventory	$72.85M	$52.80M	$55.98M	$89.88M
Current Assets	$153.54M	$227.19M	$188.35M	$257.89M
Total Assets	$594.89M	$843.99M	$793.08M	$904.10M
Current Liabilities	$52.62M	$92.63M	$80.91M	$127.32M
Long-Term Debt	$237.06M	$179.44M	$141.75M	$136.75M
Total Debt	$239.06M	$181.44M	$142.99M	$175.41M
Total Liabilities	$293.91M	$299.00M	$236.28M	$304.13M
Retained Earnings	$34.48M	$74.45M	$98.58M	$132.15M
Shareholders' Equity	$291.37M	$545.00M	$556.80M	$599.97M
Working Capital	$100.92M	$134.56M	$107.44M	$130.56M
Net Debt	$230.30M	$158.74M	$118.24M	$129.43M

SHLS Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$39.45M	$91.95M	$80.39M	$17.07M
Capital Expenditure	-$3.15M	-$10.58M	-$8.39M	-$33.04M
Free Cash Flow	$36.30M	$81.38M	$72.00M	-$15.98M
Depreciation & Amortisation	$10.51M	$10.53M	$12.63M	$13.82M
Stock-Based Compensation	$16.11M	$20.86M	$14.23M	$9.90M
Investing Cash Flow	-$3.66M	-$10.85M	-$8.39M	-$27.95M
Financing Cash Flow	-$36.59M	-$67.17M	-$71.19M	-$5.30M
Share Repurchases	$0.00	$0.00	-$25.33M	$0.00
Net Change in Cash	-$791.00K	$13.94M	$804.00K	-$16.19M

SHLS Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$80.36M	$110.84M	$135.80M	$148.32M	$140.56M
Cost of Revenue	$52.22M	$69.64M	$85.55M	$101.41M	$99.55M
Gross Profit	$28.14M	$41.20M	$50.25M	$46.91M	$41.01M
Selling, General & Admin	$21.69M	$23.06M	$29.42M	$27.34M	$31.01M
Operating Expenses	$23.83M	$25.20M	$31.58M	$29.51M	$33.29M
Operating Income	$4.31M	$16.00M	$18.67M	$17.40M	$7.72M
EBITDA	$7.72M	$22.54M	$22.06M	$20.00M	$6.62M
Pretax Income	$2.02M	$16.97M	$15.87M	$13.66M	-$386.00K
Income Tax	$2.30M	$3.12M	$3.99M	$5.54M	-$89.00K
Net Income	-$282.00K	$13.86M	$11.88M	$8.12M	-$297.00K
Diluted EPS	0.00	0.08	0.07	0.05	0.00
Diluted Shares	166.96M	167.56M	168.75M	169.66M	167.56M

SHLS Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$35.61M	$4.69M	$8.59M	$7.32M	$1.88M
Receivables	$78.11M	$113.29M	$125.17M	$150.93M	$209.10M
Inventory	$61.17M	$56.90M	$60.35M	$89.88M	$158.99M
Current Assets	$187.75M	$190.07M	$201.19M	$257.89M	$382.54M
Total Assets	$788.42M	$794.96M	$851.79M	$904.10M	$1.03B
Current Liabilities	$80.28M	$81.35M	$91.88M	$127.32M	$208.31M
Long-Term Debt	$141.75M	$131.75M	$126.75M	$136.75M	$181.75M
Total Debt	$141.75M	$131.75M	$166.24M	$175.41M	$219.55M
Total Liabilities	$229.49M	$219.56M	$262.15M	$304.13M	$429.25M
Retained Earnings	$98.30M	$112.15M	$124.03M	$132.15M	$131.86M
Shareholders' Equity	$558.93M	$575.41M	$589.64M	$599.97M	$601.65M
Working Capital	$107.46M	$108.73M	$109.32M	$130.56M	$174.24M
Net Debt	$106.14M	$127.06M	$118.16M	$129.43M	$179.87M

SHLS Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	$15.56M	-$13.82M	$19.42M	-$4.09M	-$41.45M
Capital Expenditure	-$3.21M	-$12.22M	-$10.45M	-$7.16M	-$7.65M
Free Cash Flow	$12.35M	-$26.04M	$8.97M	-$11.25M	-$49.10M
Depreciation & Amortisation	$3.29M	$3.33M	$3.36M	$3.83M	$4.10M
Stock-Based Compensation	$2.66M	$2.59M	$2.42M	$2.23M	$3.32M
Investing Cash Flow	-$3.21M	-$7.13M	-$10.45M	-$7.16M	-$7.65M
Financing Cash Flow	-$251.00K	-$9.97M	-$5.07M	$9.98M	$43.65M
Share Repurchases	—	—	$0.00	$0.00	—
Net Change in Cash	$12.10M	-$30.92M	$3.90M	-$1.27M	-$5.44M

Market Snapshot

About

Shoals Technologies Group, Inc. provides electrical balance of system solutions for solar energy projects. The company manufactures components that optimize the collection and conversion of solar power, including wire harnesses and combiner boxes. Shoals serves utility-scale, commercial, and residential solar markets in North America and internationally.