Shoals Technologies (SHLS) Capital Expenditures (2020 - 2026)
Shoals Technologies' (SHLS) quarterly Capital Expenditures came in at $7.0 million in Q2 2026, down 42.6% on a YoY basis from $12.2 million in Q2 2025, and down 8.28% quarter-over-quarter from $7.6 million in Q1 2026.
Analysis
Shoals Technologies (SHLS) Capital Expenditures (2020 - 2026) Analysis & Trends
Shoals Technologies (SHLS) has reported Capital Expenditures for 7 consecutive years, with $7.0 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Capital Expenditures fell 42.6% year-over-year to $7.0 million; the trailing twelve-month figure through Jun 2026 stood at $32.3 million (up 66.9% YoY), and the FY2025 full-year result was $33.0 million, up 293.7% from the prior year.
- Capital Expenditures retreated to $7.0 million in Q2 2026 per SHLS's latest filing, from $7.6 million in the prior quarter.
- Across five years, Capital Expenditures topped out at $12.2 million in Q2 2025 and bottomed at $244000.0 in Q3 2022.
- Historically, Capital Expenditures has averaged $3.9 million across 5 years, with a median of $2.4 million in 2024.
- The sharpest annual moves came in 2022 and 2023: Capital Expenditures sank 67.34% in 2022, then jumped 1238.11% in 2023.
- Over 5 years, Capital Expenditures stood at $761000.0 in 2022, then jumped by 285.81% to $2.9 million in 2023, then slumped by 47.85% to $1.5 million in 2024, then soared by 367.93% to $7.2 million in 2025, then dropped by 2.08% to $7.0 million in 2026.
- According to Business Quant data, Capital Expenditures over the past three periods registered $7.0 million, $7.6 million, and $7.2 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capital Expenditures (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.26 Bn | 20.53 Bn | 605.00 Mn | 110.25 Mn |
| 2 | Nextpower | 12.25 Bn | 11.04 Bn | 335.85 Mn | 15.90 Mn |
| 3 | Enphase Energy | 4.86 Bn | 3.93 Bn | 175.01 Mn | 14.39 Mn |
| 4 | Solaredge Technologies | 2.25 Bn | 1.67 Bn | 95.15 Mn | - |
| 5 | T1 Energy | 1.29 Bn | 1.08 Bn | 49.10 Mn | 101.10 Mn |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | 7.02 Mn |
| 7 | Canadian Solar | 877.81 Mn | -588.69 Mn | 168.48 Mn | -171.84 Mn |
| 8 | Array Technologies | 700.09 Mn | 392.79 Mn | 99.60 Mn | 7.63 Mn |
| 9 | JinkoSolar Holding | 608.82 Mn | -2.07 Bn | 75.62 Mn | - |
| 10 | Toyo | 131.54 Mn | 21.49 Mn | 36.97 Mn | -23.19 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 7.02 Mn |
| Mar 31, 2026 | 7.65 Mn |
| Dec 31, 2025 | 7.16 Mn |
| Sep 30, 2025 | 10.45 Mn |
| Jun 30, 2025 | 12.22 Mn |
| Mar 31, 2025 | 3.21 Mn |
| Dec 31, 2024 | 1.53 Mn |
| Sep 30, 2024 | 2.38 Mn |
| Jun 30, 2024 | 2.00 Mn |
| Mar 31, 2024 | 2.48 Mn |
| Dec 31, 2023 | 2.94 Mn |
| Sep 30, 2023 | 3.27 Mn |
| Jun 30, 2023 | 2.37 Mn |
| Mar 31, 2023 | 2.00 Mn |
| Dec 31, 2022 | 761,000.00 |
| Sep 30, 2022 | 244,000.00 |
| Jun 30, 2022 | 1.27 Mn |
| Mar 31, 2022 | 882,000.00 |
| Dec 31, 2021 | 1.64 Mn |
| Sep 30, 2021 | 747,000.00 |