Shoals Technologies (SHLS) EBT Margin (2020 - 2026)
Shoals Technologies' (SHLS) quarterly EBT Margin came in at 0.27% in Q1 2026, down 278.0% YoY from 0.15% in Q1 2025, and down 102.98% on a QoQ basis from 9.21% in Q4 2025.
Shoals Technologies (SHLS) EBT Margin (2020 - 2026) Analysis & Trends
Shoals Technologies (SHLS) has 7 years of EBT Margin data on file, last reported at 0.27% in Q1 2026.
- Quarterly EBT Margin fell 278.0% year-over-year to 0.27% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 8.61% (up 21.0% YoY) and the FY2025 annual result came in at 10.21%, up 72.0% from the prior year.
- EBT Margin declined to 0.27% in Q1 2026, from 9.21% in the prior quarter.
- In the past five years, EBT Margin ranged from a high of 128.69% in Q4 2022 to a low of 12.27% in Q3 2023.
- A 5-year average of 17.1% and a median of 11.99% in 2022 frame the typical range for EBT Margin.
- Annual changes were most pronounced in 2022 — EBT Margin surged 12649 bps — and 2023, when it sank 10862 bps.
- Tracing SHLS's EBT Margin over 5 years: stood at 128.69% in 2022, then sank by 84 bps to 20.06% in 2023, then plunged by 36 bps to 12.79% in 2024, then declined by 28 bps to 9.21% in 2025, then plunged by 103 bps to 0.27% in 2026.
- The last three EBT Margin figures came in at 0.27% (Q1 2026), 9.21% (Q4 2025), and 11.69% (Q3 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 43.49% |
| 2 | Nextpower | 13.25 Bn | 12.03 Bn | 335.85 Mn | 21.27% |
| 3 | Enphase Energy | 5.07 Bn | 4.13 Bn | 175.01 Mn | 21.21% |
| 4 | Sunrun | 2.24 Bn | 2.24 Bn | 527.54 Mn | -24.38% |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | -8.21% |
| 6 | Shoals Technologies | 1.24 Bn | 1.22 Bn | 49.53 Mn | 9.49% |
| 7 | Canadian Solar | 991.33 Mn | -596.96 Mn | 124.40 Mn | -9.74% |
| 8 | JinkoSolar Holding | 831.90 Mn | -2.48 Bn | 147.66 Mn | -9.84% |
| 9 | Array Technologies | 727.79 Mn | 420.48 Mn | 99.60 Mn | 9.27% |
| 10 | Toyo | 170.12 Mn | 93.48 Mn | 47.76 Mn | 23.78% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 9.49% |
| Mar 31, 2026 | -0.27% |
| Dec 31, 2025 | 9.21% |
| Sep 30, 2025 | 11.69% |
| Jun 30, 2025 | 15.31% |
| Mar 31, 2025 | 2.51% |
| Dec 31, 2024 | 12.79% |
| Sep 30, 2024 | 1.41% |
| Jun 30, 2024 | 15.64% |
| Mar 31, 2024 | 7.95% |
| Dec 31, 2023 | 20.06% |
| Sep 30, 2023 | -12.27% |
| Jun 30, 2023 | 21.08% |
| Mar 31, 2023 | 19.13% |
| Dec 31, 2022 | 128.69% |
| Sep 30, 2022 | 16.75% |
| Jun 30, 2022 | 11.99% |
| Mar 31, 2022 | 9.08% |
| Dec 31, 2021 | 2.20% |
| Sep 30, 2021 | 6.63% |