Growth Metrics

Shoals Technologies (SHLS) EBITDA (2020 - 2026)

Shoals Technologies posted quarterly EBITDA of $9.9 million for Q1 2026, up 73.63% year-on-year from $5.7 million in Q1 2025, and down 48.62% on a QoQ basis from $19.3 million in Q4 2025.

Shoals Technologies (SHLS) has 7 years of EBITDA data on file, last reported at $9.9 million in Q1 2026.

  • For the quarter ending Q1 2026, EBITDA rose 73.63% year-over-year to $9.9 million; the trailing twelve-month figure through Mar 2026 stood at $66.8 million (up 35.48% YoY), and the FY2025 full-year result was $62.6 million, up 11.42% from the prior year.
  • EBITDA for Q1 2026 stood at $9.9 million, down from $19.3 million in the prior quarter.
  • Across five years, EBITDA topped out at $32.8 million in Q4 2023 and bottomed at -$9.9 million in Q3 2023.
  • The 5-year median for EBITDA is $17.9 million (2024), against an average of $16.4 million.
  • The widest annual swing landed in 2022, when EBITDA surged 675.13%; it then sank 148.23% in 2023.
  • A 5-year view of EBITDA shows it stood at $23.9 million in 2022, then soared by 37.26% to $32.8 million in 2023, then tumbled by 45.43% to $17.9 million in 2024, then gained by 7.95% to $19.3 million in 2025, then slumped by 48.62% to $9.9 million in 2026.
  • The last three EBITDA figures came in at $9.9 million (Q1 2026), $19.3 million (Q4 2025), and $20.2 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 First Solar 26.65 Bn 24.22 Bn 486.13 Mn 345.30 Mn
2 Nextpower 17.99 Bn 16.90 Bn 297.38 Mn 153.59 Mn
3 Canadian Solar 15.11 Bn 15.69 Bn 124.40 Mn -64.06 Mn
4 Enphase Energy 8.19 Bn 7.26 Bn 100.39 Mn -29.64 Mn
5 Solaredge Technologies 3.80 Bn 3.25 Bn 68.28 Mn -55.04 Mn
6 Sunrun 3.38 Bn 4.27 Bn 543.70 Mn -43.51 Mn
7 Shoals Technologies 1.60 Bn 1.60 Bn 41.01 Mn 9.92 Mn
8 Array Technologies 1.25 Bn 1.05 Bn 63.00 Mn 9.51 Mn
9 JinkoSolar Holding 677.44 Mn 2.29 Bn 147.66 Mn -84.91 Mn
10 Tigo Energy 288.14 Mn 276.56 Mn 10.79 Mn -2.41 Mn

Historic Data

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DateValue
Mar 31, 2026 9.92 Mn
Dec 31, 2025 19.30 Mn
Sep 30, 2025 20.17 Mn
Jun 30, 2025 17.40 Mn
Mar 31, 2025 5.71 Mn
Dec 31, 2024 17.88 Mn
Sep 30, 2024 5.82 Mn
Jun 30, 2024 19.88 Mn
Mar 31, 2024 12.68 Mn
Dec 31, 2023 32.77 Mn
Sep 30, 2023 -9.87 Mn
Jun 30, 2023 32.24 Mn
Mar 31, 2023 26.60 Mn
Dec 31, 2022 23.87 Mn
Sep 30, 2022 20.47 Mn
Jun 30, 2022 13.48 Mn
Mar 31, 2022 10.41 Mn
Dec 31, 2021 3.08 Mn
Sep 30, 2021 10.06 Mn
Jun 30, 2021 14.50 Mn
Mar 31, 2021 10.29 Mn
Dec 31, 2020 7.56 Mn
Sep 30, 2020 15.51 Mn
Jun 30, 2020 5.75 Mn
Mar 31, 2020 9.87 Mn