Shoals Technologies (SHLS) FCF Margin (2020 - 2026)
Shoals Technologies (SHLS) reported FCF Margin of 29.72% for Q1 2026, down 4509.0% on a YoY basis from 0.67% in Q1 2025, and down 317.5% quarter-over-quarter from 13.67% in Q4 2025.
Shoals Technologies (SHLS) FCF Margin (2020 - 2026) Analysis & Trends
Shoals Technologies has reported FCF Margin for 7 years, with the latest figure 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.
- The five-year high for FCF Margin was 36.11% in Q2 2024, with the low at 39.34% in Q1 2022.
- Historically, FCF Margin has averaged 10.06% across 5 years, with a median of 13.67% in 2025.
- Annual changes were most pronounced in 2023 — FCF Margin jumped 4687 bps — and 2025, when it slumped 4849 bps.
- Shoals Technologies' FCF Margin stood at 35.58% in 2022, then declined by 27 bps to 26.13% in 2023, then retreated by 25 bps to 19.49% in 2024, then retreated by 30 bps to 13.67% in 2025, then sank 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 28.68 Bn | 26.25 Bn | 486.13 Mn | -31.93% |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | 14.00% |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | 32.11% |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | -0.56% |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | 1.41% |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | -29.72% |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | -16.53% |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn | - |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn | -37.55% |
| 10 | Skycorp Solar | 110.38 Mn | 103.60 Mn | - | - |
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% |