Shoals Technologies (SHLS) EBIT (2020 - 2026)
Shoals Technologies (SHLS) recorded EBIT of $28.97 million in Q3 2026, up 55.1% from $18.67 million a year earlier and up 54.7% from the prior quarter.
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Analysis
Shoals Technologies (SHLS) EBIT (2020 - 2026) Analysis & Trends
On a TTM basis, Shoals Technologies' EBIT came in at $72.81 million as of Sep 30, 2026, up 31.3% year-over-year; for FY2025, it came in at $56.39 million, up 10.2% from FY2024.
- Annual EBIT has a five-year compound annual growth rate of 8.6% (FY2020 to FY2025).
- Across earlier years, EBIT came in at $51.17 million in FY2024 (-35.3%), $79.04 million in FY2023 (+19.2%), $66.33 million in FY2022 (+83.1%) and $36.23 million in FY2021 (-2.8%).
- The Q3 2026 figure is the highest quarterly EBIT since Q4 2023.
- On a year-over-year basis, EBIT has increased for five consecutive quarters, with growth averaging 43.1% over the last eight quarters.
- Peak year-over-year performance for EBIT in the last five years was growth of 772.2% in Q4 2022, against a decline of 62.8% in Q1 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $18.72 million (Q2 2026), $7.72 million (Q1 2026) and $17.4 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 212.47 Bn | 164.72 Bn | 3.11 Bn | 1.39 Bn |
| 2 | Bloom Energy | 56.73 Bn | 46.66 Bn | 417.10 Mn | 225.45 Mn |
| 3 | First Solar | 18.42 Bn | 9.79 Bn | 713.06 Mn | 546.11 Mn |
| 4 | Nextpower | 14.32 Bn | 10.03 Bn | 345.32 Mn | 207.55 Mn |
| 5 | BWX Technologies | 11.27 Bn | 9.04 Bn | 227.14 Mn | 132.08 Mn |
| 6 | Generac Holdings | 11.25 Bn | 9.99 Bn | 516.04 Mn | 160.58 Mn |
| 7 | Innio | 10.93 Bn | 7.17 Bn | 367.70 Mn | 193.60 Mn |
| 8 | EnerSys | 5.13 Bn | 3.44 Bn | 284.35 Mn | 115.46 Mn |
| 9 | Mirion Technologies | 4.30 Bn | 2.71 Bn | 131.50 Mn | 17.20 Mn |
| 10 | Shoals Technologies | 1.40 Bn | 1.36 Bn | 62.40 Mn | 28.97 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 28.97 Mn |
| Jun 30, 2026 | 18.72 Mn |
| Mar 31, 2026 | 7.72 Mn |
| Dec 31, 2025 | 17.40 Mn |
| Sep 30, 2025 | 18.67 Mn |
| Jun 30, 2025 | 16.00 Mn |
| Mar 31, 2025 | 4.31 Mn |
| Dec 31, 2024 | 16.48 Mn |
| Sep 30, 2024 | 4.52 Mn |
| Jun 30, 2024 | 18.58 Mn |
| Mar 31, 2024 | 11.58 Mn |
| Dec 31, 2023 | 31.87 Mn |
| Sep 30, 2023 | -10.57 Mn |
| Jun 30, 2023 | 31.64 Mn |
| Mar 31, 2023 | 26.10 Mn |
| Dec 31, 2022 | 23.37 Mn |
| Sep 30, 2022 | 19.97 Mn |
| Jun 30, 2022 | 12.98 Mn |
| Mar 31, 2022 | 10.01 Mn |
| Dec 31, 2021 | 2.68 Mn |
API Access
Shoals Technologies EBIT API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebit&ticker=SHLS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebit", "ticker": "SHLS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebit&ticker=SHLS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();