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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |