Shoals Technologies (SHLS) Equity Ratio (2020 - 2026)
Shoals Technologies posted quarterly Equity Ratio of 0.58 for Q1 2026, down 17.68% year-on-year from 0.71 in Q1 2025, and down 12.05% on a QoQ basis from 0.66 in Q4 2025.
Shoals Technologies (SHLS) has 7 years of Equity Ratio data on file, last reported 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.
- Across five years, Equity Ratio topped out at 0.72 in Q2 2025 and bottomed at 0.0 in Q1 2022.
- The 5-year median for Equity Ratio is 0.65 (2023), against an average of 0.54.
- The widest annual swing landed in 2023, when Equity Ratio surged 20608.17%; it then fell 17.68% in 2026.
- A 5-year view of Equity Ratio shows it stood at 0.51 in 2022, then grew by 27.63% to 0.65 in 2023, then rose by 8.72% to 0.7 in 2024, then declined by 5.48% to 0.66 in 2025, then slipped 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 | 26.65 Bn | 24.22 Bn | 486.13 Mn | 0.74 |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | 0.57 |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | 0.26 |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | 0.40 |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | 0.18 |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | 0.15 |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | 0.58 |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | -0.15 |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn | 0.22 |
| 10 | Tigo Energy | 288.14 Mn | 276.56 Mn | 10.79 Mn | 0.55 |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Mar 31, 2021 | -0.17 |
| Dec 31, 2020 | -0.94 |