Shoals Technologies (SHLS) Asset Utilization Ratio (2021 - 2026)
Shoals Technologies' (SHLS) quarterly Asset Utilization Ratio came in at 0.55 in Q1 2026, up 12.59% YoY from 0.49 in Q1 2025, and up 2.24% on a QoQ basis from 0.54 in Q4 2025.
Shoals Technologies (SHLS) Asset Utilization Ratio (2021 - 2026) Analysis & Trends
Shoals Technologies (SHLS) has 6 years of Asset Utilization Ratio data on file, last reported at 0.55 in Q1 2026.
- Quarterly Asset Utilization Ratio rose 12.59% year-over-year to 0.55 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.55 (up 12.59% YoY) and the FY2025 annual result came in at 0.56, up 14.85% from the prior year.
- Asset Utilization Ratio grew to 0.55 in Q1 2026, from 0.54 in the prior quarter.
- In the past five years, Asset Utilization Ratio ranged from a high of 0.58 in Q4 2022 to a low of 0.49 in Q1 2025.
- A 5-year average of 0.54 and a median of 0.53 in 2024 frame the typical range for Asset Utilization Ratio.
- Annual changes were most pronounced in 2022 — Asset Utilization Ratio plunged 35.12% — and 2026, when it advanced 12.59%.
- Tracing SHLS's Asset Utilization Ratio over 5 years: stood at 0.58 in 2022, then declined by 0.12% to 0.58 in 2023, then slipped by 13.76% to 0.5 in 2024, then climbed by 8.12% to 0.54 in 2025, then climbed by 2.24% to 0.55 in 2026.
- The last three Asset Utilization Ratio figures came in at 0.55 (Q1 2026), 0.54 (Q4 2025), and 0.53 (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 0.40 |
| 2 | Nextpower | 13.25 Bn | 12.03 Bn | 335.85 Mn | 0.87 |
| 3 | Enphase Energy | 5.07 Bn | 4.13 Bn | 175.01 Mn | 0.47 |
| 4 | Sunrun | 2.24 Bn | 2.24 Bn | 527.54 Mn | 0.15 |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | 0.56 |
| 6 | Shoals Technologies | 1.24 Bn | 1.22 Bn | 49.53 Mn | 0.57 |
| 7 | Canadian Solar | 991.33 Mn | -596.96 Mn | 124.40 Mn | 0.74 |
| 8 | JinkoSolar Holding | 831.90 Mn | -2.48 Bn | 147.66 Mn | 0.51 |
| 9 | Array Technologies | 727.79 Mn | 420.48 Mn | 99.60 Mn | 0.79 |
| 10 | Toyo | 170.12 Mn | 93.48 Mn | 47.76 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 0.57 |
| Mar 31, 2026 | 0.55 |
| Dec 31, 2025 | 0.54 |
| Sep 30, 2025 | 0.53 |
| Jun 30, 2025 | 0.51 |
| Mar 31, 2025 | 0.49 |
| Dec 31, 2024 | 0.50 |
| Sep 30, 2024 | 0.53 |
| Jun 30, 2024 | 0.56 |
| Mar 31, 2024 | 0.57 |
| Dec 31, 2023 | 0.58 |
| Sep 30, 2023 | 0.55 |
| Jun 30, 2023 | 0.50 |
| Mar 31, 2023 | 0.52 |
| Dec 31, 2022 | 0.58 |
| Sep 30, 2022 | 0.55 |
| Jun 30, 2022 | 0.51 |
| Mar 31, 2022 | 0.52 |
| Dec 31, 2021 | 0.53 |
| Sep 30, 2021 | 0.62 |