Shoals Technologies (SHLS) EV to CFO (2021 - 2026)
Shoals Technologies' (SHLS) quarterly EV to CFO came in at 242.41 in Q2 2026, up 574.17% on a YoY basis from 35.96 in Q2 2025, and up 1011.69% quarter-over-quarter from 26.59 in Q1 2026.
Analysis
Shoals Technologies (SHLS) EV to CFO (2021 - 2026) Analysis & Trends
Shoals Technologies (SHLS) has reported EV to CFO for 6 consecutive years, with 242.41 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, EV to CFO rose 574.17% year-over-year to 242.41; the trailing twelve-month figure through Jun 2026 stood at 85.47 (down 480.1% YoY), and the FY2025 full-year result was 82.97, up 642.15% from the prior year.
- EV to CFO advanced to 242.41 in Q2 2026 per SHLS's latest filing, from 26.59 in the prior quarter.
- Across five years, EV to CFO topped out at 389.77 in Q1 2023 and bottomed at 346.47 in Q4 2025.
- Historically, EV to CFO has averaged 79.4 across 5 years, with a median of 81.67 in 2023.
- The sharpest annual moves came in 2025 and 2026: EV to CFO plunged 639.27% in 2025, then jumped 574.17% in 2026.
- Over 5 years, EV to CFO stood at 121.31 in 2022, then retreated by 18.31% to 99.1 in 2023, then sank by 35.17% to 64.25 in 2024, then slumped by 639.27% to 346.47 in 2025, then jumped by 169.97% to 242.41 in 2026.
- According to Business Quant data, EV to CFO over the past three periods registered 242.41, 26.59, and 346.47 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | First Solar | 21.97 Bn | 20.25 Bn | 605.00 Mn |
| 2 | Nextpower | 12.81 Bn | 11.60 Bn | 335.85 Mn |
| 3 | Enphase Energy | 4.81 Bn | 3.87 Bn | 175.01 Mn |
| 4 | Solaredge Technologies | 2.10 Bn | 1.52 Bn | 95.15 Mn |
| 5 | T1 Energy | 1.29 Bn | 1.14 Bn | 49.10 Mn |
| 6 | Shoals Technologies | 1.20 Bn | 1.18 Bn | 49.53 Mn |
| 7 | Canadian Solar | 896.45 Mn | 597.20 Mn | 168.48 Mn |
| 8 | Array Technologies | 708.44 Mn | 401.13 Mn | 99.60 Mn |
| 9 | JinkoSolar Holding | 627.24 Mn | -480.04 Mn | 75.62 Mn |
| 10 | Toyo | 133.94 Mn | 23.90 Mn | 36.97 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 242.41 |
| Mar 31, 2026 | -26.59 |
| Dec 31, 2025 | -346.47 |
| Sep 30, 2025 | 63.44 |
| Jun 30, 2025 | -51.12 |
| Mar 31, 2025 | 33.38 |
| Dec 31, 2024 | 64.25 |
| Sep 30, 2024 | 58.86 |
| Jun 30, 2024 | 27.67 |
| Mar 31, 2024 | 146.97 |
| Dec 31, 2023 | 99.10 |
| Sep 30, 2023 | 111.81 |
| Jun 30, 2023 | 155.35 |
| Mar 31, 2023 | 389.77 |
| Dec 31, 2022 | 121.31 |
| Sep 30, 2022 | 305.43 |
| Jun 30, 2022 | 143.27 |
| Mar 31, 2022 | -109.69 |
| Dec 31, 2021 | 1,555.96 |
| Sep 30, 2021 | 622.12 |