Shoals Technologies (SHLS) EBIT (2020 - 2026)
Shoals Technologies (SHLS) posted EBIT of $7.7 million for Q1 2026, down 55.65% on a QoQ basis from $17.4 million in Q4 2025, and up 78.99% year-over-year from $4.3 million in Q1 2025.
Shoals Technologies (SHLS) EBIT (2020 - 2026) Analysis & Trends
Shoals Technologies' EBIT history runs 7 years deep, the most recent figure standing at $7.7 million for Q1 2026.
- Quarterly EBIT rose 78.99% year-over-year to $7.7 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $59.8 million (up 36.2% YoY) and the FY2025 annual result came in at $56.4 million, up 10.19% from the prior year.
- EBIT was $7.7 million for Q1 2026 at Shoals Technologies, down from $17.4 million in the prior quarter.
- Across five years, EBIT topped out at $31.9 million in Q4 2023 and bottomed at -$10.6 million in Q3 2023.
- A 5-year average of $15.3 million and a median of $16.5 million in 2024 frame the typical range for EBIT.
- Annual changes were most pronounced in 2022 — EBIT soared 772.16% — and 2023, when it plunged 152.95%.
- Shoals Technologies' EBIT stood at $23.4 million in 2022, then surged by 36.35% to $31.9 million in 2023, then slumped by 48.28% to $16.5 million in 2024, then increased by 5.59% to $17.4 million in 2025, then slumped by 55.65% to $7.7 million in 2026.
- Business Quant data shows SHLS's EBIT at $7.7 million in Q1 2026, $17.4 million in Q4 2025, and $18.7 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.08 Bn | 19.65 Bn | 486.13 Mn | 345.30 Mn |
| 2 | Nextpower | 15.32 Bn | 14.23 Bn | 297.38 Mn | 153.59 Mn |
| 3 | Enphase Energy | 4.98 Bn | 4.05 Bn | 100.39 Mn | -29.64 Mn |
| 4 | JinkoSolar Holding | 3.20 Bn | -107.75 Mn | 147.66 Mn | -84.91 Mn |
| 5 | Solaredge Technologies | 2.60 Bn | 2.04 Bn | 68.28 Mn | -55.04 Mn |
| 6 | Sunrun | 2.35 Bn | 687.09 Mn | 407.49 Mn | -43.51 Mn |
| 7 | Shoals Technologies | 1.55 Bn | 1.55 Bn | 41.01 Mn | 7.72 Mn |
| 8 | Canadian Solar | 925.64 Mn | 166.07 Mn | 124.40 Mn | -64.06 Mn |
| 9 | Array Technologies | 843.55 Mn | 642.85 Mn | 63.00 Mn | 7.11 Mn |
| 10 | Toyo | 182.74 Mn | 106.10 Mn | 47.76 Mn | 36.27 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 |