Shoals Technologies (SHLS) EBIT Margin (2020 - 2026)

Shoals Technologies (SHLS) reported EBIT Margin of 5.49% for Q1 2026, up 13.0% on a YoY basis from 4.86% in Q1 2025, and down 53.2% quarter-over-quarter from 11.73% in Q4 2025.

Shoals Technologies (SHLS) EBIT Margin (2020 - 2026) Analysis & Trends

Shoals Technologies has reported EBIT Margin for 7 years, with the latest figure at 5.49% in Q1 2026.

  • For the quarter ending Q1 2026, EBIT Margin rose 13.0% year-over-year to 5.49%; the trailing twelve-month figure through Mar 2026 stood at 11.16% (down 13.0% YoY), and the FY2025 full-year result was 11.86%, down 96.0% from the prior year.
  • EBIT Margin for Q1 2026 stood at 5.49%, down from 11.73% in the prior quarter.
  • The five-year high for EBIT Margin was 26.54% in Q2 2023, with the low at 7.88% in Q3 2023.
  • Historically, EBIT Margin has averaged 14.65% across 5 years, with a median of 14.72% in 2022.
  • Annual changes were most pronounced in 2022 — EBIT Margin jumped 1912 bps — and 2023, when it slumped 2986 bps.
  • Shoals Technologies' EBIT Margin 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBIT Margin (Qtr)
1 First Solar 28.68 Bn 26.25 Bn 486.13 Mn 33.07%
2 Nextpower 18.03 Bn 16.93 Bn 297.38 Mn 17.44%
3 Enphase Energy 7.16 Bn 6.23 Bn 100.39 Mn -10.48%
4 Solaredge Technologies 3.68 Bn 3.13 Bn 68.28 Mn -17.73%
5 Sunrun 3.02 Bn 3.91 Bn 543.70 Mn -6.02%
6 Shoals Technologies 1.75 Bn 1.75 Bn 41.01 Mn 5.49%
7 Array Technologies 1.19 Bn 987.00 Mn 63.00 Mn 3.18%
8 JinkoSolar Holding 596.69 Mn 2.20 Bn 147.66 Mn -4.78%
9 Tigo Energy 209.39 Mn 197.82 Mn 10.79 Mn -9.56%
10 Skycorp Solar 110.38 Mn 103.60 Mn - -

Historic Data

Download Data
DateValue
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%
Jun 30, 2021 23.61%