Shoals Technologies (SHLS) Equity Ratio (2020 - 2026)

Shoals Technologies (SHLS) reported Equity Ratio of 0.58 for Q1 2026, down 17.68% on a YoY basis from 0.71 in Q1 2025, and down 12.05% quarter-over-quarter from 0.66 in Q4 2025.

Shoals Technologies (SHLS) Equity Ratio (2020 - 2026) Analysis & Trends

Shoals Technologies has reported Equity Ratio for 7 years, with the latest figure at 0.58 in Q1 2026.

  • For the quarter ending Q1 2026, Equity Ratio fell 17.68% year-over-year to 0.58; the trailing twelve-month figure through Mar 2026 stood at 0.58 (down 17.68% YoY), and the FY2025 full-year result was 0.66, down 5.48% from the prior year.
  • Equity Ratio for Q1 2026 stood at 0.58, down from 0.66 in the prior quarter.
  • The five-year high for Equity Ratio was 0.72 in Q2 2025, with the low at 0.0 in Q1 2022.
  • Historically, Equity Ratio has averaged 0.54 across 5 years, with a median of 0.65 in 2023.
  • Annual changes were most pronounced in 2023 — Equity Ratio surged 20608.17% — and 2026, when it fell 17.68%.
  • Shoals Technologies' Equity Ratio stood at 0.51 in 2022, then climbed by 27.63% to 0.65 in 2023, then increased by 8.72% to 0.7 in 2024, then dropped by 5.48% to 0.66 in 2025, then decreased by 12.05% to 0.58 in 2026.
  • The last three Equity Ratio figures came in at 0.58 (Q1 2026), 0.66 (Q4 2025), and 0.69 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Ratio (Qtr)
1 First Solar 28.68 Bn 26.25 Bn 486.13 Mn 0.74
2 Nextpower 18.03 Bn 16.93 Bn 297.38 Mn 0.57
3 Enphase Energy 7.16 Bn 6.23 Bn 100.39 Mn 0.40
4 Solaredge Technologies 3.68 Bn 3.13 Bn 68.28 Mn 0.18
5 Sunrun 3.02 Bn 3.91 Bn 543.70 Mn 0.15
6 Shoals Technologies 1.75 Bn 1.75 Bn 41.01 Mn 0.58
7 Array Technologies 1.19 Bn 987.00 Mn 63.00 Mn -0.15
8 JinkoSolar Holding 596.69 Mn 2.20 Bn 147.66 Mn -
9 Tigo Energy 209.39 Mn 197.82 Mn 10.79 Mn 0.55
10 Skycorp Solar 110.38 Mn 103.60 Mn - 0.49

Historic Data

Download Data
DateValue
Mar 31, 2026 0.58
Dec 31, 2025 0.66
Sep 30, 2025 0.69
Jun 30, 2025 0.72
Mar 31, 2025 0.71
Dec 31, 2024 0.70
Sep 30, 2024 0.68
Jun 30, 2024 0.69
Mar 31, 2024 0.67
Dec 31, 2023 0.65
Sep 30, 2023 0.62
Jun 30, 2023 0.65
Mar 31, 2023 0.63
Dec 31, 2022 0.51
Sep 30, 2022 0.04
Jun 30, 2022 0.02
Mar 31, 2022 0.00
Dec 31, 2021 -0.02
Sep 30, 2021 -0.03
Jun 30, 2021 -0.13