Shoals Technologies (SHLS) EV to CFO (2021 - 2025)
Shoals Technologies' EV to CFO was 82.97 in Q4 2025, up 642.2% from 11.18 a year earlier and up 136.7% from the prior quarter.
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Analysis
Shoals Technologies (SHLS) EV to CFO (2021 - 2025) Analysis & Trends
From Q1 2021 onward, Shoals Technologies has reported EV to CFO for 18 quarters.
- In earlier years, EV to CFO was 11.18 in FY2024 (-60.8%), 28.50 in FY2023 (-73.1%) and 105.89 in FY2022.
- The Q4 2025 figure marks the highest quarterly EV to CFO since Q4 2022.
- Compared with a year earlier, EV to CFO has increased for three straight quarters, with growth averaging 85.0% over the last eight quarters.
- The best year-over-year quarter for EV to CFO over five years was Q4 2025 (growth of 642.2%); the worst was Q2 2023 (a decline of 93.8%).
- Per Business Quant data, SHLS's EV to CFO in the three quarters before Q4 2025 was 35.05 (Q3 2025), 22.48 (Q2 2025) and 6.25 (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | GE Vernova | 252.99 Bn | 214.06 Bn | 2.36 Bn |
| 2 | Bloom Energy | 81.25 Bn | 73.07 Bn | 355.57 Mn |
| 3 | First Solar | 18.82 Bn | 9.78 Bn | 605.00 Mn |
| 4 | BWX Technologies | 12.55 Bn | 10.85 Bn | 202.31 Mn |
| 5 | Generac Holdings | 12.21 Bn | 11.04 Bn | 521.81 Mn |
| 6 | Nextpower | 11.82 Bn | 7.71 Bn | 335.85 Mn |
| 7 | EnerSys | 6.67 Bn | 4.86 Bn | 313.36 Mn |
| 8 | Enphase Energy | 4.36 Bn | -500.13 Mn | 175.01 Mn |
| 9 | Mirion Technologies | 3.45 Bn | 1.34 Bn | 133.10 Mn |
| 10 | Shoals Technologies | 1.36 Bn | 1.33 Bn | 49.53 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 82.97 |
| Sep 30, 2025 | 35.05 |
| Jun 30, 2025 | 22.48 |
| Mar 31, 2025 | 6.25 |
| Dec 31, 2024 | 11.18 |
| Sep 30, 2024 | 9.95 |
| Jun 30, 2024 | 9.99 |
| Mar 31, 2024 | 19.92 |
| Dec 31, 2023 | 28.50 |
| Sep 30, 2023 | 30.96 |
| Jun 30, 2023 | 51.62 |
| Mar 31, 2023 | 51.36 |
| Dec 31, 2022 | 105.89 |
| Sep 30, 2022 | 471.87 |
| Jun 30, 2022 | 832.93 |
| Sep 30, 2021 | 498.00 |
| Jun 30, 2021 | 279.55 |
| Mar 31, 2021 | 314.06 |
API Access
Shoals Technologies EV to CFO 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=ev-to-cfo&ticker=SHLS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-cfo", "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=ev-to-cfo&ticker=SHLS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();