Shoals Technologies Group, Inc. (SHLS)

NASDAQ: SHLS · Real-Time Price · USD

7.60

-0.05 (-0.65%)

At close: Sep 18, 2026, 4:00 PM EDT

7.52

-0.08 (-1.05%)

After-hours: Sep 18, 2026, 7:47 PM EDT

Shoals Technologies Group Financials Overview

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

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	588.06	475.33	399.21	488.94	326.94	213.21
Revenue Growth	46.88%	19.07%	-18.35%	49.55%	53.34%	21.48%
Gross Profit	188.82	166.51	142.02	168.3	131.31	82.65
Operating Income	84.69	74.73	58.46	80.3	66.33	38.58
Net Income	31.84	33.57	24.13	39.97	127.61	-0.33
Earnings Per Share	0.19	0.20	0.14	0.24	0.85	-0.00
EPS Growth	58.78%	42.86%	-41.67%	-71.87%	-	-

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
System Solutions	457.38	374.19	306.15	398.38	254.42	155.82
Components	130.68	101.14	93.06	90.56	72.53	57.39
Revenue (Total)	588.06	475.33	399.21	488.94	326.94	213.21

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	15.72	7.32	23.51	22.71	8.77	5.01
Total Debt	233.81	178.63	143.87	184.7	243.48	247.05
Net Cash (Debt)	-218.09	-171.31	-120.36	-161.99	-234.72	-242.05
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-1.29	-1.02	-0.71	-0.98	-1.40	-2.44

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	-19.31	17.07	80.39	91.96	39.46	-4.08
Capital Expenditures	-32.28	-33.04	-8.39	-10.58	-3.15	-4.13
Free Cash Flow	-51.59	-15.98	72	81.38	36.3	-8.21
Free Cash Flow Growth	-	-	-11.53%	124.17%	-	-

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	32.11%	35.03%	35.58%	34.42%	40.16%	38.76%
Operating Margin	14.40%	15.72%	14.64%	16.42%	20.29%	18.09%
Pretax Margin	7.59%	10.21%	9.48%	11.24%	46.49%	1.89%
Profit Margin	5.42%	7.06%	6.04%	8.18%	39.03%	-0.15%
FCF Margin	-8.77%	-3.36%	18.03%	16.64%	11.10%	-3.85%

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 20, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	40.07	42.38	38.21	66.11	26.27	-
Forward PE	14.48	17.07	13.46	20.01	45.42	59.87
P/FCF Ratio	-	-	12.80	32.48	92.36	-
PS Ratio	2.18	2.99	2.31	5.41	10.26	11.87