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Shoals Technologies Group, Inc. (SHLS)
Technology · Solar · NasdaqGM
Shoals Technologies Group, Inc. revenue & earnings — last 7 fiscal years
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $144.50M | $175.52M | $213.21M | $326.94M | $488.94M | $399.21M | $475.33M |
| Gross profit | $44.21M | $66.55M | $82.64M | $131.31M | $168.30M | $142.02M | $166.51M |
| Net income | $25.14M | $33.77M | $2.35M | $127.61M | $39.97M | $24.13M | $33.57M |
| Net margin | 17.4% | 19.2% | 1.1% | 39.0% | 8.2% | 6.0% | 7.1% |
Source: Shoals Technologies Group, Inc. SEC filings (10-K).
Explore 7 years of Shoals Technologies Group, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Shoals Technologies Group, Inc. financial history by metric
About Shoals Technologies Group, Inc.
Shoals Technologies Group, Inc. provides electrical balance of system (EBOS) solutions and components in the United States and internationally. The company designs, manufactures, and sells various products used by the solar and battery storage industries, including solar big lead assembly (BLA) solutions; homeruns, interconnection, and extension solutions; combiners and re-combiners; load break disconnects and transition solutions; wireless performance monitoring; and battery energy storage solutions (BESS). It also offers original equipment manufacturer (OEM) components; and technical support services during installation and the transition to operations and maintenance. The company sells its products to engineering, procurement, and construction firms that build solar energy projects; utilities; solar developers, independent power producers; solar module manufacturers; and charge point operators. Shoals Technologies Group, Inc. was founded in 1996 and is headquartered in Portland, Tennessee.
Shoals Technologies Group, Inc. — frequently asked questions
What is Shoals Technologies Group, Inc.'s revenue?
Shoals Technologies Group, Inc. (SHLS) reported revenue of $475.33M for fiscal year 2025, up 19.1% from the prior year, according to its SEC filings.
Is Shoals Technologies Group, Inc. profitable?
Yes. SHLS earned net income of $33.57M in fiscal 2025, a net margin of 7.1%.
What is SHLS's P/E ratio?
Shoals Technologies Group, Inc. trades at a price-to-earnings ratio of about 48.0 based on the latest data in our nightly-refreshed cache.
How fast is Shoals Technologies Group, Inc. growing?
SHLS's revenue grew at roughly 22.0% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Shoals Technologies Group, Inc. have?
As of fiscal year 2025, SHLS carried roughly $136.75M in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Shoals Technologies Group, Inc.'s gross margin?
SHLS's gross margin was 35.0% in fiscal 2025 — gross profit of $166.51M on revenue of $475.33M.
What is Shoals Technologies Group, Inc.'s market cap?
Shoals Technologies Group, Inc. (SHLS) has a market capitalization of about $1.61B, based on the latest data in our nightly-refreshed cache.
When does Shoals Technologies Group, Inc.'s fiscal year end?
SHLS's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
Where does this data come from?
All figures are computed from Shoals Technologies Group, Inc.'s official SEC filings (10-K and 10-Q), covering 7 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.