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| Date | Value |
|---|---|
| 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% |