Shoals Technologies
SHLS
8.39
-0.10
-1.18%
Shoals Technologies
US · SHLS
#3065 by market cap
Listed 2021
8.39
-0.10
-1.18%
Live - 5344 symbols - heartbeat 422s ago
· 2026-10-08 07:18
Pre-market
8.27
-1.43%
After-hours
8.39
0.00%
- Market cap
- 1.41B
- P/E (TTM)i
- 44.16
- P/Bi
- 2.29
- EPSi
- 0.20
- Div yieldi
- 0.00%
- 52W posi
- 38%
Reader sentiment
Are you bullish or bearish on SHLS?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Good
- Altman Z-Score is 3.90, above the 3.0 "safe zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +19.07% YoY
Margins
- Gross margin
- 35.03%
- Operating margin
- 11.86%
- Net margin
- 7.06%
Key ratios & quality
- Altman Z-Scorei
- 3.90
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 103.75M | 144.50M | 175.52M | 213.21M | 326.94M | 488.94M | 399.21M | 475.33M |
| Gross profit | 28.17M | 44.21M | 66.55M | 82.65M | 131.31M | 168.30M | 142.02M | 166.51M |
| Selling & admin expenses | 8.90M | 9.07M | 21.01M | 37.89M | 55.91M | 80.72M | 82.25M | 101.52M |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 11.09M | 26.93M | 37.28M | 36.23M | 66.33M | 79.04M | 51.17M | 56.39M |
| Pretax profit | 8.65M | 25.14M | 33.77M | 4.03M | 152.00M | 54.94M | 37.86M | 48.52M |
| Tax | -- | 0 | 0 | 86.00K | 8.99M | 12.27M | 13.74M | 14.94M |
| Net profit | 8.65M | 25.14M | 33.77M | 3.94M | 143.01M | 42.66M | 24.13M | 33.57M |
| Basic EPS | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Diluted EPS | 0.05 | 0.15 | 0.37 | 0.02 | 0.85 | 0.24 | 0.14 | 0.20 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 80.36M | 110.84M | 135.80M | 148.33M | 140.56M | 163.37M |
| Gross profit | 28.14M | 41.20M | 50.25M | 46.91M | 41.01M | 49.53M |
| Selling & admin expenses | 21.69M | 23.06M | 29.42M | 27.34M | 31.01M | 28.47M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 4.31M | 16.00M | 18.67M | 17.40M | 7.72M | 18.72M |
| Pretax profit | 2.02M | 16.97M | 15.87M | 13.66M | -386.00K | 15.50M |
| Tax | 2.30M | 3.12M | 3.99M | 5.54M | -89.00K | 3.36M |
| Net profit | -282.00K | 13.86M | 11.88M | 8.12M | -297.00K | 12.14M |
| Basic EPS | 0 | 0 | 0 | 0 | 0 | 0 |
| Diluted EPS | 0.00 | 0.08 | 0.07 | 0.05 | 0.00 | 0.07 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 36.99M | 46.51M | 56.15M | 93.45M | 153.54M | 227.19M | 188.35M | 257.89M |
| Cash & ST investments | 108.00K | 7.08M | 10.07M | 5.01M | 8.77M | 22.71M | 23.51M | 7.32M |
| Inventory | 9.94M | 8.83M | 15.12M | 38.37M | 72.85M | 52.80M | 55.98M | 89.88M |
| Total assets | 185.53M | 187.61M | 195.31M | 426.41M | 594.90M | 843.99M | 793.08M | 904.10M |
| Total current liabilities | 11.24M | 24.54M | 24.10M | 31.55M | 52.62M | 92.63M | 80.91M | 127.32M |
| Short-term debt | 3.50M | 12.89M | 3.50M | 2.00M | 2.00M | 2.00M | -- | -- |
| Long-term debt | 36.02M | 13.16M | 355.33M | 245.05M | 237.06M | 179.45M | 141.75M | 136.75M |
| Total liabilities | 47,251,000.00 | 37,701,000.00 | 379,433,000.00 | 433,912,000.00 | 293,906,000.00 | 298,997,000.00 | 236,280,000.00 | 304,128,000.00 |
| Total equity | 138.28M | 149.91M | -184.12M | -7.50M | 300.99M | 545.00M | 556.80M | 599.97M |
| Retained earnings | -- | -- | 0 | -93.13M | 34.48M | 74.45M | 98.58M | 132.15M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 187.75M | 190.07M | 201.19M | 257.89M | 382.54M | 369.46M |
| Cash & ST investments | 35.61M | 4.69M | 8.59M | 7.32M | 1.88M | 15.72M |
| Inventory | 61.17M | 56.90M | 60.35M | 89.88M | 158.99M | 184.72M |
| Total assets | 788.42M | 794.96M | 851.79M | 904.10M | 1.03B | 1.02B |
| Total current liabilities | 80.28M | 81.35M | 91.88M | 127.32M | 208.31M | 164.48M |
| Short-term debt | -- | -- | -- | -- | -- | -- |
| Long-term debt | 141.75M | 131.75M | 126.75M | 136.75M | 181.75M | 196.75M |
| Total liabilities | 229,493,000.00 | 219,557,000.00 | 262,151,000.00 | 304,128,000.00 | 429,249,000.00 | 399,681,000.00 |
| Total equity | 558.93M | 575.41M | 589.64M | 599.97M | 601.65M | 617.22M |
| Retained earnings | 98.30M | 112.15M | 124.03M | 132.15M | 131.86M | 143.99M |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 3.00M | 36.18M | 54.08M | -4.08M | 39.46M | 91.96M | 80.39M | 17.07M |
| Depreciation & amortization | 8.99M | 9.16M | 9.41M | 10.05M | 10.51M | 10.53M | 12.63M | 13.82M |
| Free cash flow | 1.60M | 34.46M | 50.85M | -8.21M | 36.30M | 81.38M | 72.00M | -15.98M |
| Dividends paid | -10.66M | -- | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -- | 0 | 0 | 559.90M | 42.94M | 0 | -25.33M | 0 |
| Ending cash balance | 108.00K | 7.08M | 10.07M | 9.56M | 8.77M | 22.71M | 23.51M | 7.32M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 15.56M | -13.82M | 19.42M | -4.09M | -41.45M | 6.81M |
| Depreciation & amortization | 3.29M | 3.34M | 3.36M | 3.83M | 4.10M | 4.63M |
| Free cash flow | 12.35M | -26.04M | 8.97M | -11.25M | -49.10M | -207.00K |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -- | -- | -- | 0 | -- | -- |
| Ending cash balance | 35.61M | 4.69M | 8.59M | 7.32M | 1.88M | 15.72M |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 6.25 | 17.45 | -- | -- | 86.83 | 9.56 | 4.38 | 5.80 |
| ROA %i | 4.66 | 13.48 | 17.64 | 0.76 | 24.99 | 5.56 | 2.95 | 3.96 |
| ROIC %i | 5.87 | 14.95 | -- | -- | 36.32 | 9.19 | 4.58 | 5.47 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 10.69 | 18.64 | 21.24 | 8.71 | 52.16 | 16.16 | 12.95 | 12.31 |
| FCF / sales %i | 1.54 | 23.85 | 28.97 | -- | 11.10 | 16.64 | 18.03 | -- |
| Current ratioi | 3.29 | 1.90 | 2.33 | 2.96 | 2.92 | 2.45 | 2.33 | 2.03 |
| Quick ratioi | 2.32 | 1.50 | 1.70 | 1.59 | 1.45 | 1.83 | 1.51 | 1.24 |
| Debt / assetsi | 21.30 | 13.89 | 183.72 | 57.94 | 40.19 | 21.50 | 18.03 | 19.40 |
| LT debt / equityi | 26.05 | 8.78 | -- | 9,598.63 | 81.36 | 32.93 | 25.68 | 29.24 |
| Interest coveragei | 4.54 | 15.07 | 10.62 | 1.28 | 9.20 | 3.28 | 3.74 | 5.85 |
| Revenue CAGR (3Y) %i | -- | -- | -- | 27.14 | 31.28 | 40.71 | 23.25 | 13.29 |
| Net income CAGR (3Y) %i | -- | -- | -- | -35.24 | 71.85 | 5.79 | 117.40 | -35.92 |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | 1.75 | 16.97 | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 3.43 | 3.77 | 5.86 | 5.80 | 5.78 | 5.34 |
| ROA %i | 2.36 | 2.67 | 4.03 | 3.96 | 3.69 | 3.51 |
| ROIC %i | 3.93 | 3.94 | 5.57 | 5.47 | 5.39 | 5.12 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 11.43 | 11.20 | 13.58 | 12.31 | 10.57 | 9.58 |
| FCF / sales %i | 19.03 | 3.02 | 1.78 | -- | -- | -- |
| Current ratioi | 2.34 | 2.34 | 2.19 | 2.03 | 1.84 | 2.25 |
| Quick ratioi | 1.42 | 1.45 | 1.46 | 1.24 | 1.01 | 1.05 |
| Debt / assetsi | 17.98 | 16.57 | 19.52 | 19.40 | 21.30 | 22.99 |
| LT debt / equityi | 25.36 | 22.90 | 28.19 | 29.24 | 36.49 | 37.88 |
| Interest coveragei | 3.78 | 4.18 | 5.67 | 5.85 | 5.40 | 4.81 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Lead segment, long tail
- System solutions is the largest reported line at 69.89% of revenue, across 2 reported segments.
- Components follows at 30.11%, so the top line still matters most but isn’t the whole story.
Revenue breakdown most recent period
Business
System solutions69.89%
Components30.11%
Quote time 2026-10-08 07:18:33 · For reference only, not investment advice and not tailored to your situation.