20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.
Shoals Technologies Group Inc (SHLS) operates in the SOLAR industry and is headquartered in Portland, United States with about 1,480 employees. Its market capitalization is roughly $1 billion. In the fiscal year ended 2025-12-31, SHLS reported $475M in revenue and $34M in net income.
Shoals Technologies Group, Inc. provides electrical balance of system (EBOS) solutions and components in the United States and internationally.
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| Income statement | TTM → 2026-06-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $588M | $475M | $399M | $489M | $327M | $213M | $176M | $144M | $104M |
| Gross Profit | $188M | $167M | $142M | $168M | $131M | $83M | $67M | $44M | $28M |
| Gross Margin % | 31.9% | 35.0% | 35.6% | 34.4% | 40.2% | 38.8% | 37.9% | 30.6% | 27.2% |
| Operating Income (EBIT) | $63M | $56M | $51M | $79M | $66M | $36M | $37M | $27M | $11M |
| Operating Margin % | 10.6% | 11.9% | 12.8% | 16.2% | 20.3% | 17.0% | 21.2% | 18.6% | 10.7% |
| Net Income | $32M | $34M | $24M | $40M | $128M | $2M | $34M | $25M | $9M |
| Net Margin % | 5.4% | 7.1% | 6.0% | 8.2% | 39.0% | 1.1% | 19.2% | 17.4% | 8.3% |
| EBITDA | $71M | $67M | $64M | $90M | $181M | $29M | $47M | $36M | $20M |
| Earnings Per Share (EPS) | $0.19 | $0.20 | $0.14 | $0.24 | $0.76 | $0.02 | $0.21 | $0.15 | $0.05 |
| Shares Outstanding (M) | 170M | 168M | 169M | 165M | 168M | 112M | 160M | 167M | 167M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Quarterly income statement | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | $163M | $141M | $148M | $136M | $111M | $80M | $107M | $102M |
| Gross Profit | $50M | $41M | $47M | $50M | $41M | $28M | $40M | $25M |
| Gross Margin % | 30.3% | 29.2% | 31.6% | 37.0% | 37.2% | 35.0% | 37.6% | 24.8% |
| Operating Income (EBIT) | $19M | $8M | $17M | $19M | $16M | $4M | $16M | $5M |
| Operating Margin % | 11.5% | 5.5% | 11.7% | 13.8% | 14.4% | 5.4% | 15.4% | 4.4% |
| Net Income | $12M | $0M | $8M | $12M | $14M | $0M | $8M | $3M |
| Net Margin % | 7.4% | -0.2% | 5.5% | 8.8% | 12.5% | -0.4% | 7.3% | 3.1% |
| EBITDA | $24M | $7M | $18M | $22M | $23M | $8M | $20M | $8M |
| Earnings Per Share (EPS) | $0.07 | $-0.00 | $0.05 | $0.07 | $0.08 | $-0.00 | $0.05 | $0.02 |
| Shares Outstanding (M) | 170M | 168M | 170M | 169M | 168M | 167M | 167M | 167M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Cash flow | TTM → 2026-06-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations (CFO) | ($19M) | $17M | $80M | $92M | $39M | ($4M) | $54M | $36M | $3M |
| Capital Expenditures (CapEx) | $32M | $33M | $8M | $11M | $3M | $4M | $3M | $2M | $1M |
| Free Cash Flow (FCF) | ($52M) | ($16M) | $72M | $81M | $36M | ($8M) | $51M | $34M | $2M |
| FCF Margin % | -8.8% | -3.4% | 18.0% | 16.6% | 11.1% | -3.9% | 29.0% | 23.8% | 1.5% |
| Dividends Paid | — | — | — | — | $1M | $405M | $376M | $14M | $11M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Quarterly cash flow | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Cash from Operations (CFO) | $7M | ($41M) | ($4M) | $19M | ($14M) | $16M | $14M | $16M |
| Capital Expenditures (CapEx) | $7M | $8M | $7M | $10M | $12M | $3M | $2M | $2M |
| Free Cash Flow (FCF) | $0M | ($49M) | ($11M) | $9M | ($26M) | $12M | $12M | $13M |
| FCF Margin % | -0.1% | -34.9% | -7.6% | 6.6% | -23.5% | 15.4% | 11.6% | 13.0% |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Balance sheet | 2026-06-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.0B | $904M | $793M | $844M | $595M | $426M | $195M | $188M | $186M |
| Cash & Cash Equivalents | $16M | $7M | $24M | $23M | $9M | $5M | $10M | $7M | $0M |
| Total Liabilities | $400M | $304M | $236M | $299M | $294M | $434M | $379M | $38M | $47M |
| Total Debt (Short + Long-Term) | $197M | $137M | $143M | $181M | $239M | $57M | $359M | $26M | $40M |
| Total Shareholders' Equity | $617M | $600M | $557M | $545M | $291M | $3M | ($184M) | $150M | $138M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive SHLS viewer.
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