Shoals Technologies Group, Inc. (SHLS)

NASDAQ: SHLS · Real-Time Price · USD

4.855

+0.275 (6.00%)

At close: May 16, 2025, 4:00 PM

4.790

-0.065 (-1.34%)

After-hours: May 16, 2025, 7:12 PM EDT

Shoals Technologies Group Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2018 - 2019
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2018 - 2019
Revenue	388.76	399.21	488.94	326.94	213.21	175.52	Upgrade
Revenue Growth (YoY)	-18.10%	-18.35%	49.55%	53.34%	21.48%	21.47%	Upgrade
Cost of Revenue	255.07	257.19	320.64	195.63	130.57	108.97	Upgrade
Gross Profit	133.7	142.02	168.3	131.31	82.65	66.55	Upgrade
Selling, General & Admin	73.88	74.96	79.46	55.91	35.54	21.01	Upgrade
Operating Expenses	82.51	83.55	88.01	64.98	44.06	29.27	Upgrade
Operating Income	51.19	58.46	80.3	66.33	38.58	37.28	Upgrade
Interest Expense	-11.77	-13.83	-24.1	-18.54	-14.55	-3.51	Upgrade
Interest & Investment Income	0.52	0.52	-	-	-	-	Upgrade
EBT Excluding Unusual Items	39.95	45.16	56.2	47.79	24.03	33.77	Upgrade
Merger & Restructuring Charges	-	-	-	-	-2.35	-	Upgrade
Legal Settlements	-7.29	-7.29	-1.26	-	-	-	Upgrade
Other Unusual Items	-	-	-	104.21	-17.65	-	Upgrade
Pretax Income	32.66	37.86	54.94	152	4.03	33.77	Upgrade
Income Tax Expense	13.59	13.74	12.27	8.99	0.09	-	Upgrade
Earnings From Continuing Operations	19.07	24.13	42.66	143.01	3.94	33.77	Upgrade
Minority Interest in Earnings	-	-	-2.69	-15.4	-1.6	-	Upgrade
Net Income	19.07	24.13	39.97	127.61	2.35	33.77	Upgrade
Preferred Dividends & Other Adjustments	-	-	-	-	2.68	-	Upgrade
Net Income to Common	19.07	24.13	39.97	127.61	-0.33	33.77	Upgrade
Net Income Growth	-37.37%	-39.64%	-68.67%	5334.88%	-93.05%	34.30%	Upgrade
Shares Outstanding (Basic)	168	169	164	114	99	160	Upgrade
Shares Outstanding (Diluted)	168	169	165	168	99	160	Upgrade
Shares Change (YoY)	-1.48%	2.57%	-1.86%	68.86%	-38.06%	-	Upgrade
EPS (Basic)	0.11	0.14	0.24	1.11	-0.00	0.21	Upgrade
EPS (Diluted)	0.11	0.14	0.24	0.85	-0.00	0.21	Upgrade
EPS Growth	-38.11%	-41.67%	-71.87%	-	-	34.30%	Upgrade
Free Cash Flow	73.97	72	81.38	36.3	-8.21	50.85	Upgrade
Free Cash Flow Per Share	0.44	0.43	0.49	0.22	-0.08	0.32	Upgrade
Gross Margin	34.39%	35.58%	34.42%	40.16%	38.76%	37.91%	Upgrade
Operating Margin	13.17%	14.64%	16.42%	20.29%	18.09%	21.24%	Upgrade
Profit Margin	4.91%	6.04%	8.18%	39.03%	-0.15%	19.24%	Upgrade
Free Cash Flow Margin	19.03%	18.03%	16.64%	11.10%	-3.85%	28.97%	Upgrade
EBITDA	64.1	71.09	90.82	76.84	48.63	46.68	Upgrade
EBITDA Margin	16.49%	17.81%	18.58%	23.50%	22.81%	26.60%	Upgrade
D&A For EBITDA	12.91	12.63	10.53	10.51	10.05	9.41	Upgrade
EBIT	51.19	58.46	80.3	66.33	38.58	37.28	Upgrade
EBIT Margin	13.17%	14.64%	16.42%	20.29%	18.09%	21.24%	Upgrade
Effective Tax Rate	41.60%	36.28%	22.34%	5.91%	2.13%	-	Upgrade

Updated May 6, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q