Shoals Technologies (SHLS) Capital Expenditures (2020 - 2026)
Shoals Technologies' Capital Expenditures was $7.02 million in Q2 2026, down 42.6% from $12.22 million a year earlier and down 8.3% from the prior quarter.
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Analysis
Shoals Technologies (SHLS) Capital Expenditures (2020 - 2026) Analysis & Trends
On a trailing twelve-month basis, Shoals Technologies' Capital Expenditures was $32.28 million through Jun 30, 2026, up 66.9% year-over-year; for FY2025, it came in at $33.04 million, up 293.7% from FY2024.
- Capital Expenditures shows a five-year compound annual growth rate of 59.2% (FY2020 to FY2025).
- In earlier years, Capital Expenditures was $8.39 million in FY2024 (-20.7%), $10.58 million in FY2023 (+235.4%), $3.15 million in FY2022 (-23.6%) and $4.13 million in FY2021 (+27.5%).
- The Q2 2026 figure marks the lowest quarterly Capital Expenditures since Q1 2025.
- Compared with a year earlier, Capital Expenditures was higher in five of the last eight quarters, with growth averaging 158.5%.
- The best year-over-year quarter for Capital Expenditures over five years was Q2 2025 (growth of 510.4%); the worst was Q3 2022 (a decline of 67.3%).
- Per Business Quant data, SHLS's Capital Expenditures in the three quarters before Q2 2026 was $7.65 million (Q1 2026), $7.16 million (Q4 2025) and $10.45 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 252.99 Bn | 214.06 Bn | 2.36 Bn | 386.00 Mn |
| 2 | Bloom Energy | 81.25 Bn | 73.07 Bn | 355.57 Mn | 51.64 Mn |
| 3 | First Solar | 18.82 Bn | 9.78 Bn | 605.00 Mn | 161.32 Mn |
| 4 | BWX Technologies | 12.55 Bn | 10.85 Bn | 202.31 Mn | 41.43 Mn |
| 5 | Generac Holdings | 12.21 Bn | 11.04 Bn | 521.81 Mn | 58.29 Mn |
| 6 | Nextpower | 11.82 Bn | 7.71 Bn | 335.85 Mn | 15.90 Mn |
| 7 | EnerSys | 6.67 Bn | 4.86 Bn | 313.36 Mn | 12.42 Mn |
| 8 | Enphase Energy | 4.36 Bn | -500.13 Mn | 175.01 Mn | 14.39 Mn |
| 9 | Mirion Technologies | 3.45 Bn | 1.34 Bn | 133.10 Mn | 10.40 Mn |
| 10 | Shoals Technologies | 1.36 Bn | 1.33 Bn | 49.53 Mn | 7.02 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 |
API Access
Shoals Technologies Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=SHLS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "SHLS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=SHLS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();