Shoals Technologies Group, Inc.: stock overview

SHLSNASDAQTechnology · Semiconductors & Related Devices

Price

$8.29

November 13, 2026Market cap $1.4B

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  • The full history: 7 fiscal years, from 2019
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In short

Shoals Technologies had revenue of $648M over the last 12 months and net income of $38M, a net margin of 5.8%. Revenue grew by 22.1% a year on average over the last 5 years. At $8.29 the shares trade at a P/E of 36.7, against a median of 41.0 over the last 4 fiscal years. It has net debt of $156M. It pays no dividend.

From its SEC filings (latest fiscal year to December 31, 2025) and the price of November 13, 2026.

Its SEC filings
Market cap
$1.4B
167M shares
P/E
36.7
Today36.7
Median41.0
Revenue, 12 months
$648M
+22.1% a year over 5 years
Net margin
5.8%
2025: 7.1%, above 68% of its industry

Worth knowing

What a holder would want to hear from the company's SEC filings of the last three years. Each with its filing, without comment.

3 fiscal years in figures

Each fiscal year's figures as the company filed them, and the share price at its end.

2023–2025 fiscal years

-1.4% a year over 2 years

  • 202510-K
    Revenue$475M
  • 202410-K
    Revenue$399M
  • 202310-K
    Revenue$489M

Fiscal years in figures

SHLS's revenue, profit, cash flow and dividend with each year-end price, from 2019 to 2022, 4 more fiscal years

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Key figures

The company's current figures in five groups. Each term is explained behind its ⓘ.

Valuation

Market cap 3-year median: $1.4B
$1.4B
Enterprise value 
$1.5B
P/E 3-year median: 42.5
36.7
EV / EBIT 
21.2
EV / Revenue 
2.4
P/B 3-year median: 2.4
2.2
FCF yield 3-year median: 3.2%
–
Earnings yield 3-year median: 2.4%
2.7%

Profitability

Gross margin 
30.9%
Operating margin 
11.2%
Net margin 3-year median: 7.1%
5.8%
ROIC 
7.7%
ROIC, 5-year average 
8.6%
ROE 
6.2%

Growth

Revenue, yearly change 
+19.1%
EPS, yearly change 
+42.9%
FCF, yearly change 
-122.2%
Revenue, average a year 
+22.1%
EPS, average a year 
-38.3%

The yearly change compares FY2025 with FY2024.

Balance sheet

Cash 
$7.7M
Total debt 
$200M
Of which operating leases 
$36M
Net debt 
$156M
Net debt / EBITDA 
1.8x
Interest cover 
5.7x
Current ratio 
2.45

Balance sheet of September 30, 2026.

Returns to shareholders

Dividend yield 
0.00%
Buybacks 
–
Total returned 
0.00%
Shares, yearly change 
-0.8%
Valuation against its own pastEach fiscal year's P/E, P/FCF and P/B beside today's, and the DCF calculator for the company.Valuation

Against its industry

Where its margins and returns stood in fiscal 2025 among the SEC filers of its industry (SIC code 36).

Gross margin

35.0%

Above 49% of the 179 companies in its industry, and 47% of all.

Operating margin

11.9%

Above 75% of the 189 companies in its industry, and 69% of all.

Net margin

7.1%

Above 68% of the 193 companies in its industry, and 58% of all.

ROE

5.6%

Above 57% of the 176 companies in its industry, and 45% of all.

ROA

3.7%

Above 62% of the 194 companies in its industry, and 65% of all.

Revenue growth

19.1%

Above 69% of the 183 companies in its industry, and 80% of all.

From the yearly figures every company files with the SEC, for those with revenue of at least $25 million. The industry is the first two digits of the SIC code.

The company at the SEC

How it is registered and when its fiscal year ends.

Name at the SEC
Shoals Technologies Group, Inc.
CIK
1831651
Exchange
NASDAQ
Industry (SIC)
3674 · Semiconductors & Related Devices
Fiscal year ends
December 31
Latest annual report
December 31, 2025
Reporting currency
USD
Shares
167M

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The full analysis

What do Shoals Technologies's filings show?

These are Shoals Technologies's figures. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

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  • Earnings quality, debt and red flags
  • Insider and institutional moves
  • The case for and the case against

Questions about SHLS

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What is SHLS's market cap?

Shoals Technologies Group, Inc.'s market cap is $1.4B, at a price of $8.29 on November 13, 2026 and 167M shares.

What is SHLS's P/E?

SHLS's P/E is 36.7, on earnings per share of $0.23 over the last 12 months. The median over the last 4 fiscal years was 41.0.

How much revenue does SHLS have?

Shoals Technologies had revenue of $648M over the last 12 months. Over the last 5 years it changed by +22.1% a year on average.

Does SHLS pay a dividend?

No. Shoals Technologies paid no regular dividend over the last 12 months.

Where do the figures come from?

From Shoals Technologies Group, Inc.'s SEC filings (10-K and 10-Q) and the share price. They hold no analyst estimates and no score, and they are not a recommendation.

Related pages

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

US stocksThe market today, the sectors, the largest companies and the week's results.The market's sectorsThe 11 sectors side by side: returns, share of the market, median P/E and dividend.Compare stocksTwo companies side by side: price over up to ten years, with and without dividends, and every figure.US dividend stocksEach dividend's yield next to whether the company's cash covers it and whether it was ever cut.

The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.