SHLS

Shoals Technologies Group, Inc.

$9.78 -0.27 (-2.64%) At close · Jul 8

Market Cap

$1.64B

167,771,817

Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.

Revenue

$475.33M +19.1%

FY2025

Net Income

$33.57M +39.2%

FY2025

Gross Margin

35.03% -0.5pp

FY2025

Operating Margin

11.86% -1pp

FY2025

Diluted EPS

$0.20 +42.9%

FY2025

Operating Cash Flow

$17.07M -78.8%

FY2025

Chart any reported metric, KPI or segment over time — the full statement history lives here

Income Statement Balance Sheet Cash Flow All Metrics

Annual Quarterly

Line Item	3Y	5Y	10Y	FY2026 (G)	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Revenue	+13.3%	+22.0%	—	$600M – $640M	$535.53M	$475.33M	$399.21M	$488.94M	$326.94M	$213.21M	$175.52M	$144.5M
Cost of Revenue	+16.4%	+23.2%	—	—	$356.15M	$308.82M	$257.19M	$320.64M	$195.63M	$130.57M	$108.97M	$100.28M
Gross Profit	+8.2%	+20.1%	—	—	$179.38M	$166.51M	$142.02M	$168.3M	$131.31M	$82.65M	$66.55M	$44.21M
Gross Margin	—	—	—	—	—	35.03%	35.57%	34.42%	40.16%	38.76%	37.91%	30.6%
General & Administrative	+22.0%	+37.0%	—	—	$110.85M	$101.52M	$82.25M	$80.72M	$55.91M	$37.89M	$21.01M	$9.07M
Amortization of Intangibles	-4.4%	-1.0%	—	—	$7.6M	$7.6M	$7.6M	$7.9M	$8.7M	$8.4M	$8M	$8M
Depreciation & Amortization	+9.6%	+8.0%	—	—	$14.63M	$13.82M	$12.63M	$10.53M	$10.51M	$10.05M	$9.41M	$9.16M
Total Operating Expenses	+19.2%	+30.3%	—	—	$119.59M	$110.12M	$90.85M	$89.27M	$64.98M	$46.41M	$29.27M	$17.28M
Operating Income	-5.3%	+8.6%	—	—	$59.79M	$56.39M	$51.17M	$79.04M	$66.33M	$36.23M	$37.28M	$26.93M
Operating Margin	—	—	—	—	—	11.86%	12.82%	16.16%	20.29%	16.99%	21.24%	18.64%
EBITDA	-3.0%	+8.5%	—	—	$74.42M	$70.2M	$63.8M	$89.56M	$76.84M	$46.29M	$46.68M	$36.09M
Interest Expense	-18.6%	+23.3%	—	—	$10.48M	$9.99M	$13.83M	$24.1M	$18.54M	$14.55M	$3.51M	$1.79M
Interest Income	—	—	—	—	$246K	$305K	$518K	$0	$0	—	—	—
Pretax Income	-31.7%	—	—	—	—	$48.52M	$37.86M	$54.94M	$152M	$4.03M	—	—
Income Tax	+18.5%	—	—	—	$12.56M	$14.94M	$13.74M	$12.27M	$8.99M	$86K	$0	$0
Net Income	-35.9%	-0.1%	—	—	$33.56M	$33.57M	$24.13M	$39.97M	$127.61M	$2.35M	$33.77M	$25.14M
Net Margin	—	—	—	—	—	7.06%	6.04%	8.18%	39.03%	1.1%	19.24%	17.4%
Net Income Attributable to Noncontrolling Interests	—	—	—	—	—	$0	$0	$2.69M	$15.4M	$1.6M	$0	$0
Net Income Available to Common Stockholders	-35.9%	—	—	—	$33.56M	$33.57M	$24.13M	$39.97M	$127.61M	-$327K	—	—
EPS (Basic) USD/shares	-43.5%	—	—	—	—	$0.20	$0.14	$0.24	$1.11	$0.00	—	—
EPS (Diluted) USD/shares	-38.3%	—	—	—	—	$0.20	$0.14	$0.24	$0.85	$0.00	—	—
Shares Outstanding (Basic Avg) shares	+13.5%	—	—	—	—	167.26M	168.57M	164.17M	114.5M	99.27M	—	—
Shares Outstanding (Diluted Avg) shares	+0.1%	—	—	—	—	168.38M	168.73M	164.5M	167.63M	99.27M	—	—

Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing. TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative. (G): the company's own guidance — a (G) column is a guided period not yet reported; a G marker shows how the reported figure landed against the guided range. Non-GAAP-basis guidance (*) is shown as stated and never judged against GAAP actuals.

Capital Returned to Shareholders

Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2022–FY2025: $25.33M in buybacks.

Price & Valuation

Multiples computed on the strict TTM/EV methodology — today's snapshot against the industry, and each ratio recomputed as of past filing dates.

Valuation

EV/Revenue

—

EV/EBIT

—

P/E (TTM)

48.88×

Solar median 28.35×

Valuation over time computed as of each quarter's filing date

Revenue Breakdown

Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.

Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.

By Segment (USD)

Component	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Electrical Balance of System EBOS Solutions and Components	$475,331,000	$399,208,000	$488,939,000	$326,940,000

By Product & Service (USD)

Component	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31
System Solutions	$374,189,000	$306,145,000	$398,384,000	$254,415,000	$155,818,000	$116,720,000	$74,207,000
Components	$101,142,000	$93,063,000	$90,555,000	$72,525,000	$57,394,000	$58,798,000	—
Solar Components	—	—	—	—	—	—	$70,289,000

Segment Operating Income

Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.

By Segment (USD)

Component	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Electrical Balance of System EBOS Solutions and Components	$56,385,000	$51,172,000	$79,035,000	$66,330,000

Operating Margin by Segment (%)

Component	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Electrical Balance of System EBOS Solutions and Components	11.9%	12.8%	16.2%	20.3%

Key facts CIK 1831651 CUSIP 82489W107 13F (30d) 23 filings 9 filers Visit website Investor relations