Shoals Technologies SHLS
NASDAQ SHLS
$7.06 -0.36 (-4.85%)
As of: Sep 9, 2026 · 3:59 PM EDT

Shoals Technologies (SHLS) EBITDA Margin (2020 - 2026)

Shoals Technologies' (SHLS) quarterly EBITDA Margin came in at 13.11% in Q2 2026, down 258.0% on a YoY basis from 8.3% in Q2 2025, and up 85.83% quarter-over-quarter from 7.06% in Q1 2026.

Analysis

Shoals Technologies (SHLS) EBITDA Margin (2020 - 2026) Analysis & Trends

Shoals Technologies (SHLS) has reported EBITDA Margin for 7 consecutive years, with 13.11% the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, EBITDA Margin fell 258.0% year-over-year to 13.11%; the trailing twelve-month figure through Jun 2026 stood at 12.04% (up 35.0% YoY), and the FY2025 full-year result was 13.17%, down 90.0% from the prior year.
  • EBITDA Margin advanced to 13.11% in Q2 2026 per SHLS's latest filing, from 7.06% in the prior quarter.
  • Across five years, EBITDA Margin topped out at 27.04% in Q2 2023 and bottomed at 7.35% in Q3 2023.
  • Historically, EBITDA Margin has averaged 15.49% across 5 years, with a median of 15.5% in 2022.
  • The sharpest annual moves came in 2022 and 2023: EBITDA Margin surged 1881 bps in 2022, then tumbled 2989 bps in 2023.
  • Over 5 years, EBITDA Margin stood at 25.22% in 2022, then decreased by 0 bps to 25.12% in 2023, then slumped by 33 bps to 16.72% in 2024, then fell by 22 bps to 13.01% in 2025, then climbed by 1 bps to 13.11% in 2026.
  • According to Business Quant data, EBITDA Margin over the past three periods registered 13.11%, 7.06%, and 13.01% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA Margin (Qtr)
1 First Solar 21.97 Bn 20.25 Bn 605.00 Mn 42.64%
2 Nextpower 12.81 Bn 11.60 Bn 335.85 Mn 20.41%
3 Enphase Energy 4.81 Bn 3.87 Bn 175.01 Mn 17.65%
4 Solaredge Technologies 2.10 Bn 1.52 Bn 95.15 Mn -4.63%
5 T1 Energy 1.29 Bn 1.14 Bn 49.10 Mn -9.11%
6 Shoals Technologies 1.20 Bn 1.18 Bn 49.53 Mn 13.11%
7 Canadian Solar 896.45 Mn 597.20 Mn 168.48 Mn -5.88%
8 Array Technologies 708.44 Mn 401.13 Mn 99.60 Mn 10.95%
9 JinkoSolar Holding 627.24 Mn -480.04 Mn 75.62 Mn -11.58%
10 Toyo 133.94 Mn 23.90 Mn 36.97 Mn 19.08%
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 13.11%
Mar 31, 2026 7.06%
Dec 31, 2025 13.01%
Sep 30, 2025 14.85%
Jun 30, 2025 15.70%
Mar 31, 2025 7.11%
Dec 31, 2024 16.72%
Sep 30, 2024 5.70%
Jun 30, 2024 20.03%
Mar 31, 2024 13.97%
Dec 31, 2023 25.12%
Sep 30, 2023 -7.35%
Jun 30, 2023 27.04%
Mar 31, 2023 25.31%
Dec 31, 2022 25.22%
Sep 30, 2022 22.53%
Jun 30, 2022 18.35%
Mar 31, 2022 15.31%
Dec 31, 2021 6.41%
Sep 30, 2021 16.82%