Shoals Technologies (SHLS) EBITDA Margin (2020 - 2026)
Shoals Technologies posted quarterly EBITDA Margin of 7.06% for Q1 2026, down 5.0% year-on-year from 7.43% in Q1 2025, and down 45.78% on a QoQ basis from 13.01% in Q4 2025.
Shoals Technologies (SHLS) has 7 years of EBITDA Margin data on file, last reported at 7.06% in Q1 2026.
- For the quarter ending Q1 2026, EBITDA Margin fell 5.0% year-over-year to 7.06%; the trailing twelve-month figure through Mar 2026 stood at 12.47% (down 21.0% YoY), and the FY2025 full-year result was 13.17%, down 90.0% from the prior year.
- EBITDA Margin for Q1 2026 stood at 7.06%, down from 13.01% 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.
- The 5-year median for EBITDA Margin is 15.7% (2025), against an average of 15.63%.
- The widest annual swing landed in 2022, when EBITDA Margin jumped 1881 bps; it then plunged 2989 bps in 2023.
- A 5-year view of EBITDA Margin shows it stood at 25.22% in 2022, then retreated by 0 bps to 25.12% in 2023, then tumbled by 33 bps to 16.72% in 2024, then declined by 22 bps to 13.01% in 2025, then sank by 46 bps to 7.06% in 2026.
- The last three EBITDA Margin figures came in at 7.06% (Q1 2026), 13.01% (Q4 2025), and 14.85% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 26.65 Bn | 24.22 Bn | 486.13 Mn | 33.07% |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | 17.44% |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | -5.26% |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | -10.48% |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | -17.73% |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | -6.02% |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | 7.06% |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | 4.26% |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn | -4.78% |
| 10 | Tigo Energy | 288.14 Mn | 276.56 Mn | 10.79 Mn | -9.56% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 24.28% |
| Mar 31, 2021 | 22.56% |
| Dec 31, 2020 | 19.50% |
| Sep 30, 2020 | 29.48% |
| Jun 30, 2020 | 13.24% |
| Mar 31, 2020 | 24.22% |