Shoals Technologies (SHLS) FCF Margin (2020 - 2026)
Shoals Technologies' (SHLS) quarterly FCF Margin came in at 0.13% in Q2 2026, up 2337.0% on a YoY basis from 0.01% in Q2 2025, and up 99.64% quarter-over-quarter from 34.93% in Q1 2026.
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Shoals Technologies (SHLS) FCF Margin (2020 - 2026) Analysis & Trends
Shoals Technologies (SHLS) has reported FCF Margin for 7 consecutive years, with 0.13% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, FCF Margin rose 2337.0% year-over-year to 0.13%; the trailing twelve-month figure through Jun 2026 stood at 8.77% (down 1179.0% YoY), and the FY2025 full-year result was 3.36%, down 2140.0% from the prior year.
- FCF Margin climbed to 0.13% in Q2 2026 per SHLS's latest filing, from 34.93% 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.
- Historically, FCF Margin has averaged 7.02% across 5 years, with a median of 12.16% in 2022.
- The sharpest annual moves came in 2023 and 2025: FCF Margin surged 4687 bps in 2023, then tumbled 5961 bps in 2025.
- Over 5 years, FCF Margin stood at 35.58% in 2022, then sank by 49 bps to 18.02% in 2023, then slumped by 35 bps to 11.64% in 2024, then sank by 165 bps to 7.59% in 2025, then jumped by 98 bps to 0.13% in 2026.
- According to Business Quant data, FCF Margin over the past three periods registered 0.13%, 34.93%, and 7.59% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 21.97 Bn | 20.25 Bn | 605.00 Mn | -24.16% |
| 2 | Nextpower | 12.81 Bn | 11.60 Bn | 335.85 Mn | 11.25% |
| 3 | Enphase Energy | 4.81 Bn | 3.87 Bn | 175.01 Mn | 8.88% |
| 4 | Solaredge Technologies | 2.10 Bn | 1.52 Bn | 95.15 Mn | 3.30% |
| 5 | T1 Energy | 1.29 Bn | 1.14 Bn | 49.10 Mn | -52.45% |
| 6 | Shoals Technologies | 1.20 Bn | 1.18 Bn | 49.53 Mn | -0.13% |
| 7 | Canadian Solar | 896.45 Mn | 597.20 Mn | 168.48 Mn | -0.74% |
| 8 | Array Technologies | 708.44 Mn | 401.13 Mn | 99.60 Mn | 33.22% |
| 9 | JinkoSolar Holding | 627.24 Mn | -480.04 Mn | 75.62 Mn | - |
| 10 | Toyo | 133.94 Mn | 23.90 Mn | 36.97 Mn | 43.31% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -0.13% |
| Mar 31, 2026 | -34.93% |
| Dec 31, 2025 | -7.59% |
| Sep 30, 2025 | 6.60% |
| Jun 30, 2025 | -23.49% |
| Mar 31, 2025 | 15.37% |
| Dec 31, 2024 | 11.64% |
| Sep 30, 2024 | 13.04% |
| Jun 30, 2024 | 36.11% |
| Mar 31, 2024 | 11.43% |
| Dec 31, 2023 | 18.02% |
| 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% |