Shoals Technologies (SHLS) EBITDA Margin (2020 - 2026)
Shoals Technologies (SHLS) posted EBITDA Margin of 14.29% for Q2 2026, down 3.15 percentage points from 17.44% a year earlier but up 5.89 percentage points from the prior quarter.
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Analysis
Shoals Technologies (SHLS) EBITDA Margin (2020 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, EBITDA Margin at Shoals Technologies was 13.34%, down 0.24 percentage points year-over-year; for FY2025, it came in at 14.77%, down 1.21 percentage points from FY2024.
- Annual EBITDA Margin has declined for three consecutive years, with a five-year change of -11.83 percentage points (FY2020 to FY2025).
- In prior years, Shoals Technologies' EBITDA Margin was 15.98% in FY2024 (-2.34 pp), 18.32% in FY2023 (-5.18 pp), 23.50% in FY2022 (+1.79 pp) and 21.71% in FY2021 (-4.89 pp).
- Quarterly EBITDA Margin has run from a low of -5.90% in Q3 2023 to a high of 28.71% in Q2 2023 over five years.
- On a year-over-year basis, EBITDA Margin has declined in each of the last three quarters, with an average year-over-year change of -0.68 percentage points over the last eight quarters.
- The strongest year-over-year quarter for EBITDA Margin in the past five years was Q4 2022, with a gain of 16.13 percentage points; the weakest was Q3 2023, with a drop of 30.74 percentage points.
- According to Business Quant data, EBITDA Margin for the three prior quarters was 8.41% (Q1 2026), 14.32% (Q4 2025) and 16.22% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 252.99 Bn | 214.06 Bn | 2.36 Bn | 9.65% |
| 2 | Bloom Energy | 81.25 Bn | 73.07 Bn | 355.57 Mn | 18.40% |
| 3 | First Solar | 18.82 Bn | 9.78 Bn | 605.00 Mn | 56.64% |
| 4 | BWX Technologies | 12.55 Bn | 10.85 Bn | 202.31 Mn | 16.14% |
| 5 | Generac Holdings | 12.21 Bn | 11.04 Bn | 521.81 Mn | 25.54% |
| 6 | Nextpower | 11.82 Bn | 7.71 Bn | 335.85 Mn | 21.35% |
| 7 | EnerSys | 6.67 Bn | 4.86 Bn | 313.36 Mn | 19.44% |
| 8 | Enphase Energy | 4.36 Bn | -500.13 Mn | 175.01 Mn | 24.57% |
| 9 | Mirion Technologies | 3.45 Bn | 1.34 Bn | 133.10 Mn | 21.25% |
| 10 | Shoals Technologies | 1.36 Bn | 1.33 Bn | 49.53 Mn | 14.29% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 14.29% |
| Mar 31, 2026 | 8.41% |
| Dec 31, 2025 | 14.32% |
| Sep 30, 2025 | 16.22% |
| Jun 30, 2025 | 17.44% |
| Mar 31, 2025 | 9.46% |
| Dec 31, 2024 | 18.49% |
| Sep 30, 2024 | 7.51% |
| Jun 30, 2024 | 21.92% |
| Mar 31, 2024 | 16.06% |
| Dec 31, 2023 | 26.57% |
| Sep 30, 2023 | -5.90% |
| Jun 30, 2023 | 28.71% |
| Mar 31, 2023 | 27.22% |
| Dec 31, 2022 | 27.34% |
| Sep 30, 2022 | 24.84% |
| Jun 30, 2022 | 21.35% |
| Mar 31, 2022 | 18.68% |
| Dec 31, 2021 | 11.21% |
| Sep 30, 2021 | 20.22% |
API Access
Shoals Technologies EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=SHLS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "SHLS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=SHLS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();