Shoals Technologies (SHLS) EBIT Margin (2020 - 2026)
Shoals Technologies' (SHLS) quarterly EBIT Margin came in at 5.49% in Q1 2026, up 13.0% YoY from 4.86% in Q1 2025, and down 53.2% on a QoQ basis from 11.73% in Q4 2025.
Shoals Technologies (SHLS) EBIT Margin (2020 - 2026) Analysis & Trends
Shoals Technologies (SHLS) has 7 years of EBIT Margin data on file, last reported at 5.49% in Q1 2026.
- Quarterly EBIT Margin rose 13.0% year-over-year to 5.49% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 11.16% (down 13.0% YoY) and the FY2025 annual result came in at 11.86%, down 96.0% from the prior year.
- EBIT Margin fell to 5.49% in Q1 2026, from 11.73% in the prior quarter.
- In the past five years, EBIT Margin ranged from a high of 26.54% in Q2 2023 to a low of 7.88% in Q3 2023.
- A 5-year average of 14.65% and a median of 14.72% in 2022 frame the typical range for EBIT Margin.
- Annual changes were most pronounced in 2022 — EBIT Margin jumped 1912 bps — and 2023, when it slumped 2986 bps.
- Tracing SHLS's EBIT Margin over 5 years: stood at 24.69% in 2022, then fell by 1 bps to 24.43% in 2023, then plunged by 37 bps to 15.41% in 2024, then fell by 24 bps to 11.73% in 2025, then slumped by 53 bps to 5.49% in 2026.
- The last three EBIT Margin figures came in at 5.49% (Q1 2026), 11.73% (Q4 2025), and 13.75% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.22 Bn | 21.50 Bn | 605.00 Mn | 42.64% |
| 2 | Nextpower | 13.18 Bn | 11.97 Bn | 335.85 Mn | 20.41% |
| 3 | Enphase Energy | 5.14 Bn | 4.20 Bn | 175.01 Mn | 17.65% |
| 4 | Sunrun | 2.23 Bn | 2.23 Bn | 527.54 Mn | 4.00% |
| 5 | Solaredge Technologies | 1.90 Bn | 1.32 Bn | 95.15 Mn | -4.63% |
| 6 | Shoals Technologies | 1.22 Bn | 1.20 Bn | 49.53 Mn | 11.46% |
| 7 | Canadian Solar | 984.93 Mn | -603.36 Mn | 124.40 Mn | -5.26% |
| 8 | JinkoSolar Holding | 837.66 Mn | -2.47 Bn | 147.66 Mn | -4.78% |
| 9 | Array Technologies | 729.29 Mn | 421.99 Mn | 99.60 Mn | 10.16% |
| 10 | Toyo | 175.21 Mn | 98.57 Mn | 47.76 Mn | 25.40% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 11.46% |
| Mar 31, 2026 | 5.49% |
| Dec 31, 2025 | 11.73% |
| Sep 30, 2025 | 13.75% |
| Jun 30, 2025 | 14.43% |
| Mar 31, 2025 | 5.37% |
| Dec 31, 2024 | 15.41% |
| Sep 30, 2024 | 4.43% |
| Jun 30, 2024 | 18.72% |
| Mar 31, 2024 | 12.76% |
| Dec 31, 2023 | 24.43% |
| Sep 30, 2023 | -7.88% |
| Jun 30, 2023 | 26.54% |
| Mar 31, 2023 | 24.84% |
| Dec 31, 2022 | 24.69% |
| Sep 30, 2022 | 21.98% |
| Jun 30, 2022 | 17.67% |
| Mar 31, 2022 | 14.72% |
| Dec 31, 2021 | 5.58% |
| Sep 30, 2021 | 15.98% |