Shoals Technologies Group, Inc. financials

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SHLS CIK 0001831651

Source: EDGAR filings · Built 2026-06-02T04:02:04Z

Key metrics by reporting period

Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.

Derived Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2021
Free Cash Flow -15.98M 72.00M 81.38M 36.30M -8.21M 50.85M
EBITDA 70.20M 63.80M 89.56M 76.84M 46.28M 46.68M
Working Capital 130.56M 107.44M 134.56M 100.92M 61.89M 32.05M
Net Debt 34.56M 120.36M 161.99M 234.72M 242.05M 348.76M
Gross Margin 35.03% 35.57% 34.42% 40.16% 38.76% 37.91%
Operating Margin 11.86% 12.82% 16.16% 20.29% 16.99% 21.24%
Net Margin 7.06% 6.04% 8.18% 39.03% 1.10% 19.24%
Return on Equity (ROE) 5.60% 4.33% 7.33% 43.80% 91.97% -18.34%
Return on Assets (ROA) 3.71% 3.04% 4.74% 21.45% 0.55% 17.29%
Current Ratio 2.03× 2.33× 2.45× 2.92× 2.96× 2.33×
Debt-to-Equity 0.07× 0.26× 0.34× 0.84× 96.77× -1.95×
Effective Tax Rate 30.80% 36.28% 22.34% 5.91% 2.13% —
Cash Conversion Ratio 0.51× 3.33× 2.30× 0.31× -1.74× 1.60×
Accruals Ratio 0.02× -0.07× -0.06× 0.15× 0.02× -0.10×
SBC % of Revenue 2.08% 3.56% 4.27% 4.93% 5.29% 4.70%
CapEx Coverage 0.52× 9.58× 8.69× 12.51× -0.99× 16.71×
Free Cash Flow Per Share $-0.09 $0.43 $0.49 $0.22 $-0.08 —

Valuation Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2021
P/E Trailing (Diluted) 42.50× 39.50× 64.75× 29.02× — —
P/FCF — 12.96× 31.41× 113.90× — —
FCF Yield — 7.72% 3.18% 0.88% — —
EV / EBITDA 20.88× 16.51× 30.35× 56.87× 57.35× —
P/S 3.01× 2.34× 5.23× 12.65× 11.31× —
P/B 2.39× 1.68× 4.69× 14.19× 944.86× —

Income Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2021
Revenue from Contract with Customer, Excluding Assessed Tax 475.33M 399.21M 488.94M 326.94M 213.21M 175.52M
Cost of Revenue 308.82M 257.19M 320.63M 195.63M 130.57M 108.97M
Gross Profit 166.51M 142.02M 168.30M 131.31M 82.64M 66.55M
Operating Expenses 110.12M 90.84M 89.27M 64.98M 46.41M 29.27M
Operating Income (Loss) 56.38M 51.17M 79.03M 66.33M 36.23M 37.28M
Income Tax Expense (Benefit) 14.94M 13.74M 12.27M 8.99M 86.00K 0
Net Income (Loss) Attributable to Parent 33.57M 24.13M 39.97M 127.61M 2.35M 33.77M
Earnings Per Share, Basic $0.20 $0.14 $0.24 $1.11 $0.00 —
Weighted Average Number of Shares Outstanding, Basic 167.26M 168.57M 164.16M 114.50M 99.27M —
Earnings Per Share, Diluted $0.20 $0.14 $0.24 $0.85 $0.00 —
Weighted Average Number of Shares Outstanding, Diluted 168.38M 168.72M 164.50M 167.63M 99.27M —

Balance Sheet

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2021
Cash and Cash Equivalents, at Carrying Value 7.32M 23.51M 22.71M 8.77M 5.01M 10.07M
Assets, Current 257.89M 188.35M 227.19M 153.54M 93.45M 56.15M
Assets 904.10M 793.08M 843.99M 594.89M 426.41M 195.31M
Long-term Debt — 141.75M 181.44M 239.06M 247.05M 358.83M
Liabilities, Current 127.32M 80.91M 92.63M 52.62M 31.55M 24.10M
Long-term Debt, Excluding Current Maturities — 141.75M 179.44M 237.06M 245.05M 355.33M
Liabilities 304.13M 236.28M 299.00M 293.91M 433.91M 379.43M
Stockholders' Equity Attributable to Parent 599.97M 556.80M 545.00M 291.37M 2.55M —

Cash Flow Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2021
Net Cash Provided by (Used in) Operating Activities 17.07M 80.39M 91.95M 39.45M -4.08M 54.08M
Payments to Acquire Property, Plant, and Equipment 33.04M 8.39M 10.58M 3.15M 4.13M 3.24M
Net Cash Provided by (Used in) Investing Activities -27.95M -8.39M -10.85M -3.66M -17.04M -3.24M
Payments for Repurchase of Common Stock 0 25.33M 0 0 — —
Net Cash Provided by (Used in) Financing Activities -5.30M -71.19M -67.17M -36.59M 20.60M -47.85M

Raw XBRL tagging for a single filing

Every us-gaap and custom concept the filer tagged for one fiscal period, grouped by statement. Start here when a number in the trend table above surprises you and you want to see the exact tag behind it. Derived and valuation rows are omitted here because they already appear in the trend table.

Most recent filing shown by default.

Compare filings side-by-side

Diff any two filings with deltas and added / removed tags.

Immaterial rows are USD line items under 1% of the period's revenue — the noise floor below which a single tag rarely moves the investment thesis. Revenue is read from the filer's top-line concept (Revenues / RevenueFromContractWithCustomerExcludingAssessedTax, with a fallback chain). Non-USD rows, rows without a numeric value, and every row on a filing with no identifiable revenue anchor stay visible. Flip the switch off to see every tag the filer reported for the period.

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Methodology

All facts on this page come straight from SEC EDGAR XBRL company-facts filings (SHLS CIK 0001831651), grouped by financial statement using FASB's base us-gaap presentation taxonomy. Filers may re-parent concepts onto different statements in their own extension taxonomy, so a handful of rows can show up under a different statement than on the actual 10-K / 10-Q; custom concepts and any we couldn't map fall into Other. Hover a cell to see the fully-qualified concept name and the filer's description.

For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.

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