Shoals Technologies (SHLS) EBIT Margin (2020 - 2026)
Shoals Technologies' (SHLS) quarterly EBIT Margin came in at 11.46% in Q2 2026, down 297.0% on a YoY basis from 5.82% in Q2 2025, and up 108.7% quarter-over-quarter from 5.49% in Q1 2026.
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Shoals Technologies (SHLS) EBIT Margin (2020 - 2026) Analysis & Trends
Shoals Technologies (SHLS) has reported EBIT Margin for 7 consecutive years, with 11.46% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, EBIT Margin fell 297.0% year-over-year to 11.46%; the trailing twelve-month figure through Jun 2026 stood at 10.63% (up 31.0% YoY), and the FY2025 full-year result was 11.86%, down 96.0% from the prior year.
- EBIT Margin rose to 11.46% in Q2 2026 per SHLS's latest filing, from 5.49% 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.
- Historically, EBIT Margin has averaged 14.47% across 5 years, with a median of 14.58% in 2025.
- The sharpest annual moves came in 2022 and 2023: EBIT Margin surged 1912 bps in 2022, then tumbled 2986 bps in 2023.
- Over 5 years, 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 slipped by 2 bps to 11.46% in 2026.
- According to Business Quant data, EBIT Margin over the past three periods registered 11.46%, 5.49%, and 11.73% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.26 Bn | 20.53 Bn | 605.00 Mn | 42.64% |
| 2 | Nextpower | 12.25 Bn | 11.04 Bn | 335.85 Mn | 20.41% |
| 3 | Enphase Energy | 4.86 Bn | 3.93 Bn | 175.01 Mn | 17.65% |
| 4 | Solaredge Technologies | 2.25 Bn | 1.67 Bn | 95.15 Mn | -4.63% |
| 5 | T1 Energy | 1.29 Bn | 1.08 Bn | 49.10 Mn | -9.11% |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | 11.46% |
| 7 | Canadian Solar | 877.81 Mn | -588.69 Mn | 168.48 Mn | -5.88% |
| 8 | Array Technologies | 700.09 Mn | 392.79 Mn | 99.60 Mn | 10.16% |
| 9 | JinkoSolar Holding | 608.82 Mn | -2.07 Bn | 75.62 Mn | -11.58% |
| 10 | Toyo | 131.54 Mn | 21.49 Mn | 36.97 Mn | 19.08% |
Historic Data
Download Data
Historic 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% |