Shoals Technologies (SHLS) EBITDA (2020 - 2026)
Shoals Technologies' (SHLS) quarterly EBITDA came in at $21.4 million in Q2 2026, up 23.13% on a YoY basis from $17.4 million in Q2 2025, and up 115.99% quarter-over-quarter from $9.9 million in Q1 2026.
Analysis
Shoals Technologies (SHLS) EBITDA (2020 - 2026) Analysis & Trends
Shoals Technologies (SHLS) has reported EBITDA for 7 consecutive years, with $21.4 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, EBITDA rose 23.13% year-over-year to $21.4 million; the trailing twelve-month figure through Jun 2026 stood at $70.8 million (up 51.26% YoY), and the FY2025 full-year result was $62.6 million, up 11.42% from the prior year.
- EBITDA improved to $21.4 million in Q2 2026 per SHLS's latest filing, from $9.9 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.
- Historically, EBITDA has averaged $16.7 million across 5 years, with a median of $18.6 million in 2024.
- The sharpest annual moves came in 2022 and 2023: EBITDA soared 675.13% in 2022, then plunged 148.23% in 2023.
- Over 5 years, EBITDA stood at $23.9 million in 2022, then jumped by 37.26% to $32.8 million in 2023, then slumped by 45.43% to $17.9 million in 2024, then advanced by 7.95% to $19.3 million in 2025, then rose by 10.97% to $21.4 million in 2026.
- According to Business Quant data, EBITDA over the past three periods registered $21.4 million, $9.9 million, and $19.3 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 21.88 Bn | 20.15 Bn | 605.00 Mn | 450.39 Mn |
| 2 | Nextpower | 12.39 Bn | 11.18 Bn | 335.85 Mn | 190.91 Mn |
| 3 | Enphase Energy | 4.85 Bn | 3.91 Bn | 175.01 Mn | 51.52 Mn |
| 4 | Solaredge Technologies | 2.15 Bn | 1.57 Bn | 95.15 Mn | -16.05 Mn |
| 5 | T1 Energy | 1.36 Bn | 1.15 Bn | 49.10 Mn | -22.78 Mn |
| 6 | Shoals Technologies | 1.18 Bn | 1.17 Bn | 49.53 Mn | 21.42 Mn |
| 7 | Canadian Solar | 910.82 Mn | -555.68 Mn | 168.48 Mn | -71.06 Mn |
| 8 | Array Technologies | 687.01 Mn | 379.71 Mn | 99.60 Mn | 37.47 Mn |
| 9 | JinkoSolar Holding | 638.26 Mn | -2.04 Bn | 75.62 Mn | -210.95 Mn |
| 10 | Toyo | 131.23 Mn | 21.19 Mn | 36.97 Mn | 22.56 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 21.42 Mn |
| 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 |