Shoals Technologies (SHLS) EBIT (2020 - 2026)
Shoals Technologies (SHLS) reported EBIT of $7.7 million for Q1 2026, up 78.99% on a YoY basis from $4.3 million in Q1 2025, and down 55.65% quarter-over-quarter from $17.4 million in Q4 2025.
Shoals Technologies (SHLS) EBIT (2020 - 2026) Analysis & Trends
Shoals Technologies has reported EBIT for 7 years, with the latest figure at $7.7 million in Q1 2026.
- For the quarter ending Q1 2026, EBIT rose 78.99% year-over-year to $7.7 million; the trailing twelve-month figure through Mar 2026 stood at $59.8 million (up 36.2% YoY), and the FY2025 full-year result was $56.4 million, up 10.19% from the prior year.
- EBIT for Q1 2026 stood at $7.7 million, down from $17.4 million in the prior quarter.
- The five-year high for EBIT was $31.9 million in Q4 2023, with the low at -$10.6 million in Q3 2023.
- Historically, EBIT has averaged $15.3 million across 5 years, with a median of $16.5 million in 2024.
- Annual changes were most pronounced in 2022 — EBIT soared 772.16% — and 2023, when it sank 152.95%.
- Shoals Technologies' EBIT stood at $23.4 million in 2022, then soared by 36.35% to $31.9 million in 2023, then plunged by 48.28% to $16.5 million in 2024, then climbed by 5.59% to $17.4 million in 2025, then plunged by 55.65% to $7.7 million in 2026.
- The last three EBIT figures came in at $7.7 million (Q1 2026), $17.4 million (Q4 2025), and $18.7 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 28.68 Bn | 26.25 Bn | 486.13 Mn | 345.30 Mn |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | 153.59 Mn |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | -29.64 Mn |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | -55.04 Mn |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | -43.51 Mn |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | 7.72 Mn |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | 7.11 Mn |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn | -84.91 Mn |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn | -2.41 Mn |
| 10 | Skycorp Solar | 110.38 Mn | 103.60 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 7.72 Mn |
| Dec 31, 2025 | 17.40 Mn |
| Sep 30, 2025 | 18.67 Mn |
| Jun 30, 2025 | 16.00 Mn |
| Mar 31, 2025 | 4.31 Mn |
| Dec 31, 2024 | 16.48 Mn |
| Sep 30, 2024 | 4.52 Mn |
| Jun 30, 2024 | 18.58 Mn |
| Mar 31, 2024 | 11.58 Mn |
| Dec 31, 2023 | 31.87 Mn |
| Sep 30, 2023 | -10.57 Mn |
| Jun 30, 2023 | 31.64 Mn |
| Mar 31, 2023 | 26.10 Mn |
| Dec 31, 2022 | 23.37 Mn |
| Sep 30, 2022 | 19.97 Mn |
| Jun 30, 2022 | 12.98 Mn |
| Mar 31, 2022 | 10.01 Mn |
| Dec 31, 2021 | 2.68 Mn |
| Sep 30, 2021 | 9.56 Mn |
| Jun 30, 2021 | 14.10 Mn |