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

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

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

Shoals Technologies' EBIT Margin history runs 7 years deep, the most recent figure standing at 5.49% for 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 was 5.49% for Q1 2026 at Shoals Technologies, down from 11.73% in the prior quarter.
  • Across five years, EBIT Margin topped out at 26.54% in Q2 2023 and bottomed at 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 sank 2986 bps.
  • Shoals Technologies' EBIT Margin stood at 24.69% in 2022, then decreased by 1 bps to 24.43% in 2023, then slumped by 37 bps to 15.41% in 2024, then decreased by 24 bps to 11.73% in 2025, then plunged by 53 bps to 5.49% in 2026.
  • Business Quant data shows SHLS's EBIT Margin at 5.49% in Q1 2026, 11.73% in Q4 2025, and 13.75% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBIT Margin (Qtr)
1 First Solar 22.08 Bn 19.65 Bn 486.13 Mn 33.07%
2 Nextpower 15.32 Bn 14.23 Bn 297.38 Mn 17.44%
3 Enphase Energy 4.98 Bn 4.05 Bn 100.39 Mn -10.48%
4 JinkoSolar Holding 3.20 Bn -107.75 Mn 147.66 Mn -4.78%
5 Solaredge Technologies 2.60 Bn 2.04 Bn 68.28 Mn -17.73%
6 Sunrun 2.35 Bn 687.09 Mn 407.49 Mn -6.02%
7 Shoals Technologies 1.55 Bn 1.55 Bn 41.01 Mn 5.49%
8 Canadian Solar 925.64 Mn 166.07 Mn 124.40 Mn -5.26%
9 Array Technologies 843.55 Mn 642.85 Mn 63.00 Mn 3.18%
10 Toyo 182.74 Mn 106.10 Mn 47.76 Mn 25.40%

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%