Shoals Technologies (SHLS) Depreciation and Depletion (2020 - 2026)
Shoals Technologies (SHLS) reported Depreciation and Depletion of $2.7 million for Q2 2026, up 92.9% from $1.4 million a year earlier and up 22.7% from the prior quarter.
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Analysis
Shoals Technologies (SHLS) Depreciation and Depletion (2020 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Shoals Technologies' Depreciation and Depletion came in at $8.3 million, up 50.9% year-over-year; for FY2025, it came in at $6.2 million, up 24.0% from FY2024.
- Depreciation and Depletion has increased for six consecutive years, with a five-year compound annual growth rate of 34.7% (FY2020 to FY2025).
- By year, Depreciation and Depletion came in at $5 million in FY2024 (+92.3%), $2.6 million in FY2023 (+36.8%), $1.9 million in FY2022 (+11.8%) and $1.7 million in FY2021 (+21.4%).
- The Q2 2026 figure ranks as the highest quarterly Depreciation and Depletion in data going back to Q1 2020.
- Year over year, Depreciation and Depletion has now increased in each of the last 15 quarters, with growth averaging 47.2% over the last eight quarters.
- Over the past five years, the year-over-year growth in Depreciation and Depletion ranged from 0.0% (Q4 2021) to 120.0% (Q1 2024).
- Per Business Quant data, the three quarters before Q2 2026 came in at $2.2 million (Q1 2026), $1.9 million (Q4 2025) and $1.5 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Dep. & Depletion (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 263.36 Bn | 224.44 Bn | 2.36 Bn | 182.00 Mn |
| 2 | Bloom Energy | 84.85 Bn | 76.67 Bn | 355.57 Mn | 13.75 Mn |
| 3 | First Solar | 18.77 Bn | 9.72 Bn | 605.00 Mn | 143.50 Mn |
| 4 | Generac Holdings | 12.79 Bn | 11.62 Bn | 521.81 Mn | 27.60 Mn |
| 5 | Nextpower | 12.78 Bn | 8.68 Bn | 335.85 Mn | - |
| 6 | BWX Technologies | 12.36 Bn | 10.66 Bn | 202.31 Mn | - |
| 7 | EnerSys | 7.13 Bn | 5.32 Bn | 313.36 Mn | 22.22 Mn |
| 8 | Enphase Energy | 4.42 Bn | -436.70 Mn | 175.01 Mn | - |
| 9 | Mirion Technologies | 3.57 Bn | 1.46 Bn | 133.10 Mn | 6.00 Mn |
| 10 | Shoals Technologies | 1.40 Bn | 1.36 Bn | 49.53 Mn | 2.70 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.70 Mn |
| Mar 31, 2026 | 2.20 Mn |
| Dec 31, 2025 | 1.90 Mn |
| Sep 30, 2025 | 1.50 Mn |
| Jun 30, 2025 | 1.40 Mn |
| Mar 31, 2025 | 1.40 Mn |
| Dec 31, 2024 | 1.40 Mn |
| Sep 30, 2024 | 1.30 Mn |
| Jun 30, 2024 | 1.30 Mn |
| Mar 31, 2024 | 1.10 Mn |
| Dec 31, 2023 | 900,000.00 |
| Sep 30, 2023 | 700,000.00 |
| Jun 30, 2023 | 600,000.00 |
| Mar 31, 2023 | 500,000.00 |
| Dec 31, 2022 | 500,000.00 |
| Sep 30, 2022 | 500,000.00 |
| Jun 30, 2022 | 500,000.00 |
| Mar 31, 2022 | 400,000.00 |
| Dec 31, 2021 | 400,000.00 |
| Sep 30, 2021 | 500,000.00 |
API Access
Shoals Technologies Depreciation and Depletion 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=depreciation-and-depletion&ticker=SHLS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "depreciation-and-depletion", "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=depreciation-and-depletion&ticker=SHLS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();