Shoals Technologies (SHLS) Change in Inventory (2020 - 2026)
Shoals Technologies (SHLS) reported Change in Inventory of -$35.59 million for Q3 2026, compared with $3.92 million a year earlier.
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Analysis
Shoals Technologies (SHLS) Change in Inventory (2020 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Shoals Technologies' Change in Inventory came in at $91.14 million; for FY2025, it came in at $35.11 million, up 500.8% from FY2024.
- Change in Inventory has a five-year compound annual growth rate of 40.2% (FY2020 to FY2025).
- By year, Change in Inventory came in at $5.84 million in FY2024, -$15.01 million in FY2023, $36.93 million in FY2022 (+114.8%) and $17.19 million in FY2021 (+165.5%).
- The Q3 2026 figure ranks as the lowest quarterly Change in Inventory in data going back to Q1 2020.
- Per Business Quant data, the three quarters before Q3 2026 came in at $27.45 million (Q2 2026), $69.63 million (Q1 2026) and $29.64 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 212.47 Bn | 164.72 Bn | 3.11 Bn | 308.00 Mn |
| 2 | Bloom Energy | 56.73 Bn | 46.66 Bn | 417.10 Mn | 170.40 Mn |
| 3 | First Solar | 18.42 Bn | 9.79 Bn | 713.06 Mn | 43.04 Mn |
| 4 | Nextpower | 14.32 Bn | 10.03 Bn | 345.32 Mn | - |
| 5 | BWX Technologies | 11.27 Bn | 9.04 Bn | 227.14 Mn | - |
| 6 | Generac Holdings | 11.25 Bn | 9.99 Bn | 516.04 Mn | 55.12 Mn |
| 7 | Innio | 10.93 Bn | 7.17 Bn | 367.70 Mn | 104.90 Mn |
| 8 | EnerSys | 5.13 Bn | 3.44 Bn | 284.35 Mn | -48.23 Mn |
| 9 | Mirion Technologies | 4.30 Bn | 2.71 Bn | 131.50 Mn | 1.30 Mn |
| 10 | Shoals Technologies | 1.40 Bn | 1.36 Bn | 62.40 Mn | -35.59 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -35.59 Mn |
| Jun 30, 2026 | 27.45 Mn |
| Mar 31, 2026 | 69.63 Mn |
| Dec 31, 2025 | 29.64 Mn |
| Sep 30, 2025 | 3.92 Mn |
| Jun 30, 2025 | -3.91 Mn |
| Mar 31, 2025 | 5.45 Mn |
| Dec 31, 2024 | -8.71 Mn |
| Sep 30, 2024 | 6.89 Mn |
| Jun 30, 2024 | 907,000.00 |
| Mar 31, 2024 | 6.76 Mn |
| Dec 31, 2023 | -6.76 Mn |
| Sep 30, 2023 | -6.85 Mn |
| Jun 30, 2023 | -4.60 Mn |
| Mar 31, 2023 | 3.20 Mn |
| Dec 31, 2022 | -6.67 Mn |
| Sep 30, 2022 | 16.20 Mn |
| Jun 30, 2022 | 16.29 Mn |
| Mar 31, 2022 | 11.11 Mn |
| Dec 31, 2021 | 8.68 Mn |
API Access
Shoals Technologies Change in Inventory 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=change-in-inventory&ticker=SHLS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-inventory", "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=change-in-inventory&ticker=SHLS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();