Shoals Technologies Group, Inc.
SHLS Nasdaq· Semiconductors & Related Devices
Last close · Oct 23, 2026
$7.58
KIRA · Stoqly’s AI analyst, in plain words
- Shoals Technologies Group, Inc. had $475M of revenue in fiscal 2025, up 19.1% on the year before. Over five years, revenue changed +22.0% a year on average.
- Its operating margin was 11.9%, down 1.0 pts: of every 100 in sales, about 12 is left after running the business.
- Shoals Technologies Group, Inc. made $33.6M of net profit in fiscal 2025.
- Free cash flow was −$16.0M in fiscal 2025, −3.4% of revenue.
- Shoals Technologies Group, Inc. returned $0.0M to shareholders in fiscal 2025. The diluted share count fell 0.2%.
Market cap
$1.3B
P/E
39.9x
Revenue
$475M
Net income
$33.6M
Free cash flow
−$16.0M
Operating margin
11.9%
Shoals Technologies Group, Inc. in 30 seconds · fiscal 2025
Are sales growing?
+19.1%
Yes. Sales grew 19.1% last year.
Does it make a profit?
7.1%
A little. It keeps 7.1% of every sale as profit.
Does profit turn into cash?
−3.4%
No. It spent more cash than it brought in.
How healthy are the accounts?
5 / 8
Mixed. It passes 5 of 8 health tests.
How is the share priced?
39.9x
One share costs 39.9 times its yearly profit per share.
What Shoals Technologies Group, Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 24, 2026
- Legal name
- Shoals Technologies Group, Inc.
- CIK
- 0001831651
Shoals Technologies Group, Inc. · SHLS
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $213M | $327M | $489M | $399M | $475M |
| Revenue growth | 21.5% | 53.3% | 49.6% | −18.4% | 19.1% |
| Gross margin | 38.8% | 40.2% | 34.4% | 35.6% | 35.0% |
| Operating margin | 17.0% | 20.3% | 16.2% | 12.8% | 11.9% |
| Net income | $2.3M | $128M | $40.0M | $24.1M | $33.6M |
| Net margin | 1.1% | 39.0% | 8.2% | 6.0% | 7.1% |
| Diluted EPS | — | $0.85 | $0.24 | $0.14 | $0.20 |
| Cash | |||||
| Cash from operations | −$4.1M | $39.5M | $92.0M | $80.4M | $17.1M |
| Capital expenditure | $4.1M | $3.2M | $10.6M | $8.4M | $33.0M |
| Free cash flow | −$8.2M | $36.3M | $81.4M | $72.0M | −$16.0M |
| FCF margin | −3.9% | 11.1% | 16.6% | 18.0% | −3.4% |
| Share buybacks | — | $0.0M | $0.0M | $25.3M | $0.0M |
| Share count change | — | — | −1.9% | 2.6% | −0.2% |
| Debt and strength | |||||
| Cash and short-term investments | $5.0M | $8.8M | $22.7M | $23.5M | $7.3M |
| Debt incl. finance leases | $247M | $239M | $181M | $142M | — |
| Shareholders' equity | $2.6M | $291M | $545M | $557M | $600M |
| Net debt / EBITDA | 5.2x | 3.0x | 1.8x | 1.9x | — |
| Current ratio | 3.0x | 2.9x | 2.5x | 2.3x | 2.0x |
| Interest coverage | 2.5x | 3.6x | 3.3x | 3.7x | 5.6x |
| Returns and quality | |||||
| Return on capital | 14.5% | 12.0% | 8.7% | 4.9% | — |
| Return on equity | — | 86.8% | 9.6% | 4.4% | 5.8% |
| Return on tangible equity | — | 77.4% | 9.4% | 5.4% | 6.8% |
| Piotroski F-score | 4 | 6 | 6 | 5 | 5 |
| Altman Z'' | 0.8 | 3.1 | 3.9 | 4.2 | 3.9 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.6M
3 insiders
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Shoals Technologies Group, Inc. · SHLS
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $7.58 a share, the company is worth $1.3B: 39.9 times its earnings of the last four quarters.
Source: SEC EDGAR XBRL filings (CIK 0001831651). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.