Shoals Technologies (SHLS) EBITDA Margin (2020 - 2026)
Shoals Technologies (SHLS) reported EBITDA Margin of 7.06% for Q1 2026, down 5.0% on a YoY basis from 7.43% in Q1 2025, and down 45.78% quarter-over-quarter from 13.01% in Q4 2025.
Shoals Technologies (SHLS) EBITDA Margin (2020 - 2026) Analysis & Trends
Shoals Technologies has reported EBITDA Margin for 7 years, with the latest figure 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.
- The five-year high for EBITDA Margin was 27.04% in Q2 2023, with the low at 7.35% in Q3 2023.
- Historically, EBITDA Margin has averaged 15.63% across 5 years, with a median of 15.7% in 2025.
- Annual changes were most pronounced in 2022 — EBITDA Margin jumped 1881 bps — and 2023, when it slumped 2989 bps.
- Shoals Technologies' EBITDA Margin stood at 25.22% in 2022, then fell by 0 bps to 25.12% in 2023, then plunged by 33 bps to 16.72% in 2024, then dropped by 22 bps to 13.01% in 2025, then slumped 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 28.68 Bn | 26.25 Bn | 486.13 Mn | 33.07% |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | 17.44% |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | -10.48% |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | -17.73% |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | -6.02% |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | 7.06% |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | 4.26% |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn | -4.78% |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn | -9.56% |
| 10 | Skycorp Solar | 110.38 Mn | 103.60 Mn | - | - |
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% |