Shoals Technologies (SHLS) FCF Margin (2020 - 2026)
Shoals Technologies posted quarterly FCF Margin of 29.72% for Q1 2026, down 4509.0% year-on-year from 0.67% in Q1 2025, and down 317.5% on a QoQ basis from 13.67% in Q4 2025.
Shoals Technologies (SHLS) has 7 years of FCF Margin data on file, last reported at 29.72% in Q1 2026.
- For the quarter ending Q1 2026, FCF Margin fell 4509.0% year-over-year to 29.72%; the trailing twelve-month figure through Mar 2026 stood at 7.2% (down 2839.0% YoY), and the FY2025 full-year result was 3.27%, down 1687.0% from the prior year.
- FCF Margin for Q1 2026 stood at 29.72%, down from 13.67% in the prior quarter.
- Across five years, FCF Margin topped out at 36.11% in Q2 2024 and bottomed at 39.34% in Q1 2022.
- The 5-year median for FCF Margin is 13.67% (2025), against an average of 10.06%.
- The widest annual swing landed in 2023, when FCF Margin jumped 4687 bps; it then plunged 4849 bps in 2025.
- A 5-year view of FCF Margin shows it stood at 35.58% in 2022, then fell by 27 bps to 26.13% in 2023, then decreased by 25 bps to 19.49% in 2024, then decreased by 30 bps to 13.67% in 2025, then plunged by 318 bps to 29.72% in 2026.
- The last three FCF Margin figures came in at 29.72% (Q1 2026), 13.67% (Q4 2025), and 2.47% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 26.65 Bn | 24.22 Bn | 486.13 Mn | -31.93% |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | 14.00% |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | 16.54% |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | 32.11% |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | -0.56% |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | 1.41% |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | -29.72% |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | -16.53% |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn | - |
| 10 | Tigo Energy | 288.14 Mn | 276.56 Mn | 10.79 Mn | -37.55% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -29.72% |
| Dec 31, 2025 | 13.67% |
| Sep 30, 2025 | -2.47% |
| Jun 30, 2025 | -12.38% |
| Mar 31, 2025 | 15.37% |
| Dec 31, 2024 | 19.49% |
| Sep 30, 2024 | 13.04% |
| Jun 30, 2024 | 36.11% |
| 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% |
| Jun 30, 2021 | 4.67% |
| Mar 31, 2021 | -40.88% |
| Dec 31, 2020 | 40.04% |
| Sep 30, 2020 | 33.74% |
| Jun 30, 2020 | 1.01% |
| Mar 31, 2020 | 42.08% |