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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |