Shoals Technologies (SHLS) EV to EBITDA (2021 - 2026)
Shoals Technologies' (SHLS) EV to EBITDA stood at 14.86 in Q3 2026, down 16.3% from 17.76 a year earlier and down 28.8% from the prior quarter.
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Analysis
Shoals Technologies (SHLS) EV to EBITDA (2021 - 2026) Analysis & Trends
On a TTM basis, Shoals Technologies' EV to EBITDA came in at 14.59 as of Sep 30, 2026, down 13.3% year-over-year; for FY2025, it came in at 19.97, up 47.0% from FY2024.
- Across earlier years, EV to EBITDA came in at 13.58 in FY2024 (-50.7%), 27.56 in FY2023 (-48.4%), 53.43 in FY2022 (-30.9%) and 77.30 in FY2021.
- Quarterly EV to EBITDA has ranged from 9.04 in Q1 2025 to 77.30 in Q4 2021 over the past five years.
- On a year-over-year basis, EV to EBITDA rose in four of the last eight quarters, with growth averaging 10.6%.
- Peak year-over-year performance for EV to EBITDA in the last five years was growth of 62.5% in Q2 2026, against a decline of 70.3% in Q3 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 20.87 (Q2 2026), 14.69 (Q1 2026) and 19.97 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | GE Vernova | 212.47 Bn | 164.72 Bn | 3.11 Bn |
| 2 | Bloom Energy | 56.73 Bn | 46.66 Bn | 417.10 Mn |
| 3 | First Solar | 18.42 Bn | 9.79 Bn | 713.06 Mn |
| 4 | Nextpower | 14.32 Bn | 10.03 Bn | 345.32 Mn |
| 5 | BWX Technologies | 11.27 Bn | 9.04 Bn | 227.14 Mn |
| 6 | Generac Holdings | 11.25 Bn | 9.99 Bn | 516.04 Mn |
| 7 | Innio | 10.93 Bn | 7.17 Bn | 367.70 Mn |
| 8 | EnerSys | 5.13 Bn | 3.44 Bn | 284.35 Mn |
| 9 | Mirion Technologies | 4.30 Bn | 2.71 Bn | 131.50 Mn |
| 10 | Shoals Technologies | 1.40 Bn | 1.36 Bn | 62.40 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 14.86 |
| Jun 30, 2026 | 20.87 |
| Mar 31, 2026 | 14.69 |
| Dec 31, 2025 | 19.97 |
| Sep 30, 2025 | 17.76 |
| Jun 30, 2025 | 12.85 |
| Mar 31, 2025 | 9.04 |
| Dec 31, 2024 | 13.58 |
| Sep 30, 2024 | 11.17 |
| Jun 30, 2024 | 15.55 |
| Mar 31, 2024 | 23.63 |
| Dec 31, 2023 | 27.56 |
| Sep 30, 2023 | 37.66 |
| Jun 30, 2023 | 38.50 |
| Mar 31, 2023 | 41.02 |
| Dec 31, 2022 | 53.43 |
| Sep 30, 2022 | 62.29 |
| Jun 30, 2022 | 58.12 |
| Mar 31, 2022 | 59.30 |
| Dec 31, 2021 | 77.30 |
API Access
Shoals Technologies EV to EBITDA 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-ebitda&ticker=SHLS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "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-ebitda&ticker=SHLS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();