Shoals Technologies (SHLS) EV to EBITDA (2021 - 2026)
Shoals Technologies' (SHLS) EV to EBITDA stood at 21.04 in Q2 2026, up 61.9% from 12.99 a year earlier and up 42.1% 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 20.81 as of Jun 30, 2026, up 77.9% year-over-year; for FY2025, it came in at 20.17, up 43.2% from FY2024.
- Across earlier years, EV to EBITDA came in at 14.09 in FY2024 (-51.9%), 29.26 in FY2023 (-46.2%), 54.37 in FY2022 (-37.7%) and 87.27 in FY2021.
- The Q2 2026 figure is the highest quarterly EV to EBITDA since Q1 2024.
- On a year-over-year basis, EV to EBITDA has increased for four consecutive quarters, with growth averaging 1.7% over the last eight quarters.
- Peak year-over-year performance for EV to EBITDA in the last five years was growth of 62.0% in Q1 2026, against a decline of 69.3% in Q3 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 14.81 (Q1 2026), 20.17 (Q4 2025) and 17.92 (Q3 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 |
|---|---|
| Jun 30, 2026 | 21.04 |
| Mar 31, 2026 | 14.81 |
| Dec 31, 2025 | 20.17 |
| Sep 30, 2025 | 17.92 |
| Jun 30, 2025 | 12.99 |
| Mar 31, 2025 | 9.14 |
| Dec 31, 2024 | 14.09 |
| Sep 30, 2024 | 11.75 |
| Jun 30, 2024 | 16.60 |
| Mar 31, 2024 | 25.02 |
| Dec 31, 2023 | 29.26 |
| Sep 30, 2023 | 38.30 |
| Jun 30, 2023 | 38.98 |
| Mar 31, 2023 | 41.66 |
| Dec 31, 2022 | 54.37 |
| Sep 30, 2022 | 63.73 |
| Jun 30, 2022 | 59.69 |
| Mar 31, 2022 | 60.74 |
| Dec 31, 2021 | 87.27 |
| Sep 30, 2021 | 91.70 |
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();