Shoals Technologies (SHLS) FCF Margin (2020 - 2026)
Shoals Technologies' (SHLS) quarterly FCF Margin came in at 34.93% in Q1 2026, down 5030.0% YoY from 0.71% in Q1 2025, and down 1114.19% on a QoQ basis from 2.88% in Q4 2025.
Shoals Technologies (SHLS) FCF Margin (2020 - 2026) Analysis & Trends
Shoals Technologies (SHLS) has 7 years of FCF Margin data on file, last reported at 34.93% in Q1 2026.
- Quarterly FCF Margin fell 5030.0% year-over-year to 34.93% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 8.57% (down 2976.0% YoY) and the FY2025 annual result came in at 3.27%, down 1687.0% from the prior year.
- FCF Margin fell to 34.93% in Q1 2026, from 2.88% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 40.63% in Q2 2024 to a low of 39.34% in Q1 2022.
- A 5-year average of 9.75% and a median of 15.37% in 2024 frame the typical range for FCF Margin.
- Annual changes were most pronounced in 2023 — FCF Margin jumped 4687 bps — and 2025, when it tumbled 6412 bps.
- Tracing SHLS's FCF Margin over 5 years: stood at 35.58% in 2022, then declined by 27 bps to 26.13% in 2023, then slumped by 50 bps to 13.07% in 2024, then plunged by 122 bps to 2.88% in 2025, then plunged by 1114 bps to 34.93% in 2026.
- The last three FCF Margin figures came in at 34.93% (Q1 2026), 2.88% (Q4 2025), and 24.67% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | -24.16% |
| 2 | Nextpower | 13.25 Bn | 12.03 Bn | 335.85 Mn | 11.25% |
| 3 | Enphase Energy | 5.07 Bn | 4.13 Bn | 175.01 Mn | 8.88% |
| 4 | Sunrun | 2.24 Bn | 2.24 Bn | 527.54 Mn | -21.89% |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | 3.30% |
| 6 | Shoals Technologies | 1.24 Bn | 1.22 Bn | 49.53 Mn | -0.13% |
| 7 | Canadian Solar | 991.33 Mn | -596.96 Mn | 124.40 Mn | 16.54% |
| 8 | JinkoSolar Holding | 831.90 Mn | -2.48 Bn | 147.66 Mn | - |
| 9 | Array Technologies | 727.79 Mn | 420.48 Mn | 99.60 Mn | 33.22% |
| 10 | Toyo | 170.12 Mn | 93.48 Mn | 47.76 Mn | 26.64% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -0.13% |
| Mar 31, 2026 | -34.93% |
| Dec 31, 2025 | -2.88% |
| Sep 30, 2025 | 24.67% |
| Jun 30, 2025 | -23.49% |
| Mar 31, 2025 | 15.37% |
| Dec 31, 2024 | 13.07% |
| Sep 30, 2024 | 15.37% |
| Jun 30, 2024 | 40.63% |
| Mar 31, 2024 | 11.43% |
| Dec 31, 2023 | 26.13% |
| Sep 30, 2023 | 18.19% |
| Jun 30, 2023 | 21.43% |
| Mar 31, 2023 | 7.53% |
| Dec 31, 2022 | 35.58% |
| Sep 30, 2022 | 12.68% |
| Jun 30, 2022 | 24.29% |
| Mar 31, 2022 | -39.34% |
| Dec 31, 2021 | 1.98% |
| Sep 30, 2021 | 11.18% |