Shoals Technologies SHLS
NASDAQ SHLS
$7.06 -0.36 (-4.85%)
As of: Sep 9, 2026 · 3:59 PM EDT

Shoals Technologies (SHLS) EV to EBITDA (2021 - 2026)

Shoals Technologies' (SHLS) quarterly EV to EBITDA came in at 77.04 in Q2 2026, up 89.7% on a YoY basis from 40.61 in Q2 2025, and down 30.67% quarter-over-quarter from 111.12 in Q1 2026.

Analysis

Shoals Technologies (SHLS) EV to EBITDA (2021 - 2026) Analysis & Trends

Shoals Technologies (SHLS) has reported EV to EBITDA for 6 consecutive years, with 77.04 the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, EV to EBITDA rose 89.7% year-over-year to 77.04; the trailing twelve-month figure through Jun 2026 stood at 23.3 (up 54.42% YoY), and the FY2025 full-year result was 22.63, up 41.42% from the prior year.
  • EV to EBITDA slipped to 77.04 in Q2 2026 per SHLS's latest filing, from 111.12 in the prior quarter.
  • Across five years, EV to EBITDA topped out at 272.55 in Q1 2022 and bottomed at 313.47 in Q3 2023.
  • Historically, EV to EBITDA has averaged 96.51 across 5 years, with a median of 101.02 in 2026.
  • The sharpest annual moves came in 2023 and 2024: EV to EBITDA sank 278.65% in 2023, then soared 150.62% in 2024.
  • Over 5 years, EV to EBITDA stood at 175.01 in 2022, then plunged by 54.3% to 79.98 in 2023, then plunged by 37.17% to 50.25 in 2024, then jumped by 45.97% to 73.35 in 2025, then climbed by 5.03% to 77.04 in 2026.
  • According to Business Quant data, EV to EBITDA over the past three periods registered 77.04, 111.12, and 73.35 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

Historic Data

Download Data
DateValue
Jun 30, 2026 77.04
Mar 31, 2026 111.12
Dec 31, 2025 73.35
Sep 30, 2025 61.06
Jun 30, 2025 40.61
Mar 31, 2025 90.93
Dec 31, 2024 50.25
Sep 30, 2024 158.66
Jun 30, 2024 52.67
Mar 31, 2024 149.01
Dec 31, 2023 79.98
Sep 30, 2023 -313.47
Jun 30, 2023 134.55
Mar 31, 2023 145.25
Dec 31, 2022 175.01
Sep 30, 2022 175.47
Jun 30, 2022 203.11
Mar 31, 2022 272.55
Dec 31, 2021 1,311.45
Sep 30, 2021 459.65