Shoals Technologies Group Inc. Class A (SHLS) Key Ratios
$6.68
As on 02-Sep-2026 12:32EDT
Market cap
$1,202 Mln
Revenue (TTM)
$588 Mln
P/E Ratio
37.6
P/B Ratio
2
Div. Yield
0 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 16.23 | 47.39 | 46.88 | 12.80 | 24.49 |
| EBIT | 653.68 | -1.24 | 24.71 | -35.02 | 14.52 |
| Net Profit | 4,186.87 | -12.39 | 29.81 | -41.07 | 22.18 |
| EPS | 4,126.51 | -13.66 | 28.15 | -41.66 | 10.84 |
| Book Value | -- | -- | 5.95 | 26.96 | -- |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Dec-25 | Dec-24 |
| EBIT-Margin
| 13.81 | 20.46 | 9.58 | 12.31 | 12.95 |
| Net Margin
| -- | 1.19 | 5.41 | -- | -- |
| Return on equity
| 6.58 | 20.80 | 5.23 | 5.80 | 4.38 |
| Return on Capital
| 4.77 | 9.63 | -- | 4.56 | 3.39 |
| Return on Assets
| 4.15 | 7.64 | 3.09 | 3.96 | 2.95 |
| Debt to Equity (x)
| -- | -- | 0.32 | 0.29 | 0.25 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Shoals Technologies Group Inc. Class A (SHLS)
|
--
|
4.56
|
3.39
|
6.36
|
32.72
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
ROE
5.23
Lower than Peers by 9.33
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Shoals Technologies Group Inc. Class A (SHLS)
|
5.23
|
5.80
|
4.38
|
9.56
|
86.83
|
|
Peer Median
|
14.56
|
--
|
--
|
--
|
--
|
ROA
3.09
Lower than Peers by 2.34
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Shoals Technologies Group Inc. Class A (SHLS)
|
3.09
|
3.96
|
2.95
|
5.56
|
24.99
|
|
Peer Median
|
5.44
|
--
|
--
|
--
|
--
|
EBIT Margin
9.58
Lower than Peers by 2.52
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Shoals Technologies Group Inc. Class A (SHLS)
|
9.58
|
12.31
|
12.95
|
16.16
|
52.16
|
|
Peer Median
|
12.10
|
--
|
--
|
--
|
--
|
Net Margin
5.41
Lower than Peers by 3.17
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Shoals Technologies Group Inc. Class A (SHLS)
|
5.41
|
7.06
|
6.04
|
8.18
|
39.03
|
|
Peer Median
|
8.59
|
--
|
--
|
--
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Shoals Technologies Group Inc. Class A (SHLS)
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
46.88
Higher than Peers by 43.19
Year on year growth in net sales
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Shoals Technologies Group Inc. Class A (SHLS)
|
46.88
|
0.19
|
-0.18
|
0.50
|
0.53
|
|
Peer Median
|
3.70
|
--
|
--
|
--
|
--
|
EBIT Growth
24.71
Higher than Peers by 20.71
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Shoals Technologies Group Inc. Class A (SHLS)
|
24.71
|
13.20
|
-34.60
|
-53.66
|
817.91
|
|
Peer Median
|
4.00
|
--
|
--
|
--
|
--
|
Net Profit Growth
29.81
Higher than Peers by 22.25
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Shoals Technologies Group Inc. Class A (SHLS)
|
29.81
|
39.16
|
-39.64
|
-68.68
|
5,334.88
|
|
Peer Median
|
7.56
|
--
|
--
|
--
|
--
|
EPS Growth
28.15
Higher than Peers by 18.01
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Shoals Technologies Group Inc. Class A (SHLS)
|
28.15
|
0.37
|
-0.38
|
-0.69
|
33.24
|
|
Peer Median
|
10.14
|
--
|
--
|
--
|
--
|
Book Value Growth
5.71
Lower than Peers by 3.70
Year on year growth in book value per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Shoals Technologies Group Inc. Class A (SHLS)
|
5.71
|
--
|
--
|
--
|
--
|
|
Peer Median
|
9.42
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.32
Lower than Peers by 0.14
Total debt / Net worth
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Shoals Technologies Group Inc. Class A (SHLS)
|
0.32
|
0.29
|
0.25
|
0.33
|
0.82
|
|
Peer Median
|
0.46
|
--
|
--
|
--
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Shoals Technologies Group Inc. Class A (SHLS)
|
--
|
--
|
0.00
|
0.00
|
0.01
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
2.25
Higher than Peers by 0.20
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Shoals Technologies Group Inc. Class A (SHLS)
|
2.25
|
2.03
|
2.33
|
2.45
|
2.92
|
|
Peer Median
|
2.05
|
--
|
--
|
--
|
--
|
Quick Ratio
1.12
Lower than Peers by 0.17
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Shoals Technologies Group Inc. Class A (SHLS)
|
1.12
|
1.32
|
1.64
|
1.88
|
1.53
|
|
Peer Median
|
1.29
|
--
|
--
|
--
|
--
|
Interest Coverage
4.82
Lower than Peers by 3.81
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Shoals Technologies Group Inc. Class A (SHLS)
|
4.82
|
5.85
|
3.74
|
3.28
|
9.20
|
|
Peer Median
|
8.64
|
--
|
--
|
--
|
--
|
Operating Efficiency
Debtors to sales
26.76
Higher than Peers by 9.29
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Shoals Technologies Group Inc. Class A (SHLS)
|
26.76
|
31.75
|
24.80
|
30.12
|
20.58
|
|
Peer Median
|
17.47
|
--
|
--
|
--
|
--
|
Asset Turnover
0.57
Lower than Peers by 0.06
Sales / Average Total Assets
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Shoals Technologies Group Inc. Class A (SHLS)
|
0.57
|
0.56
|
0.49
|
0.68
|
0.64
|
|
Peer Median
|
0.63
|
--
|
--
|
--
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Shoals Technologies Group Inc. Class A (SHLS)
|
--
|
96.03
|
112.66
|
80.13
|
62.74
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Shoals Technologies Group Inc. Class A (SHLS)
|
--
|
86.25
|
77.24
|
71.57
|
103.83
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Shoals Technologies Group Inc. Class A (SHLS)
|
--
|
50.21
|
24.45
|
13.60
|
27.51
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Shoals Technologies Group Inc. Class A (SHLS)
|
--
|
132.07
|
165.46
|
138.11
|
139.06
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
37.58
Lower than Peers by 2.35
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Shoals Technologies Group Inc. Class A (SHLS)
|
37.58
|
42.95
|
38.24
|
66.20
|
32.60
|
|
Peer Median
|
39.93
|
--
|
--
|
--
|
--
|
Price / Book Value
2.02
Lower than Peers by 2.58
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Shoals Technologies Group Inc. Class A (SHLS)
|
2.02
|
2.40
|
1.66
|
4.86
|
14.28
|
|
Peer Median
|
4.61
|
--
|
--
|
--
|
--
|
Dividend Yield
--
--
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Shoals Technologies Group Inc. Class A (SHLS)
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
0.47
|
--
|
--
|
--
|
--
|
EV/EBITDA
20.29
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Shoals Technologies Group Inc. Class A (SHLS)
|
20.29
|
23.99
|
16.18
|
31.32
|
24.25
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Market Cap
1,202
Lower than Peers by 18
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Shoals Technologies Group Inc. Class A (SHLS)
|
1,202
|
--
|
--
|
--
|
--
|
|
Peer Median
|
1,220
|
--
|
--
|
--
|
--
|