Shoals Technologies (SHLS) EV to FCF (2021 - 2026)
Shoals Technologies' (SHLS) quarterly EV to FCF came in at 7972.62 in Q2 2026, down 29284.71% on a YoY basis from N/an in Q2 2025, and down 35417.41% quarter-over-quarter from 22.45 in Q1 2026.
Analysis
Shoals Technologies (SHLS) EV to FCF (2021 - 2026) Analysis & Trends
Shoals Technologies (SHLS) has reported EV to FCF for 6 consecutive years, with 7972.62 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, EV to FCF fell 29284.71% year-over-year to 7972.62; the trailing twelve-month figure through Jun 2026 stood at 31.99 (down 154.72% YoY), and the FY2025 full-year result was 88.63, down 810.06% from the prior year.
- EV to FCF fell to 7972.62 in Q2 2026 per SHLS's latest filing, from 22.45 in the prior quarter.
- Across five years, EV to FCF topped out at 488.46 in Q1 2023 and bottomed at 7972.62 in Q2 2026.
- Historically, EV to FCF has averaged 346.44 across 5 years, with a median of 91.81 in 2023.
- The sharpest annual moves came in 2023 and 2026: EV to FCF surged 560.51% in 2023, then plunged 29284.71% in 2026.
- Over 5 years, EV to FCF stood at 124.05 in 2022, then declined by 10.14% to 111.48 in 2023, then sank by 35.28% to 72.14 in 2024, then plunged by 274.45% to 125.86 in 2025, then slumped by 6234.71% to 7972.62 in 2026.
- According to Business Quant data, EV to FCF over the past three periods registered 7972.62, 22.45, and 125.86 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 | -7,972.62 |
| Mar 31, 2026 | -22.45 |
| Dec 31, 2025 | -125.86 |
| Sep 30, 2025 | 137.35 |
| Jun 30, 2025 | -27.13 |
| Mar 31, 2025 | 42.06 |
| Dec 31, 2024 | 72.14 |
| Sep 30, 2024 | 69.36 |
| Jun 30, 2024 | 29.22 |
| Mar 31, 2024 | 182.14 |
| Dec 31, 2023 | 111.48 |
| Sep 30, 2023 | 126.77 |
| Jun 30, 2023 | 169.78 |
| Mar 31, 2023 | 488.46 |
| Dec 31, 2022 | 124.05 |
| Sep 30, 2022 | 311.90 |
| Jun 30, 2022 | 153.44 |
| Mar 31, 2022 | -106.07 |
| Dec 31, 2021 | 4,238.47 |
| Sep 30, 2021 | 691.60 |