Shoals Technologies SHLS
NASDAQ SHLS
$7.11 +0.05 (+0.71%)
As of: Sep 10, 2026 · 3:59 PM EDT

Shoals Technologies (SHLS) FCF Payout Ratio (2020 - 2023)

Shoals Technologies' (SHLS) quarterly FCF Payout Ratio came in at 0.33 in Q1 2023, up 402.4% on a YoY basis from 0.07 in Q1 2022, and up 19.68% quarter-over-quarter from 0.28 in Q3 2022.

Analysis

Shoals Technologies (SHLS) FCF Payout Ratio (2020 - 2023) Analysis & Trends

Shoals Technologies (SHLS) has reported FCF Payout Ratio for 4 consecutive years, with 0.33 the latest figure, recorded in Q1 2023.

  • For the quarter ending Q1 2023, FCF Payout Ratio rose 402.4% year-over-year to 0.33; the trailing twelve-month figure through Dec 2023 stood at 0.03 (down 84.9% YoY), and the FY2023 full-year result was 0.03, down 84.9% from the prior year.
  • FCF Payout Ratio advanced to 0.33 in Q1 2023 per SHLS's latest filing, from 0.28 in the prior quarter.
  • Across five years, FCF Payout Ratio topped out at 23.5 in Q4 2020 and bottomed at 289.85 in Q4 2021.
  • Historically, FCF Payout Ratio has averaged 24.83 across 4 years, with a median of 0.18 in 2022.
  • The widest YoY moves for FCF Payout Ratio: up 3632.97% in 2021, down 53518.74% in 2021.
  • Over 4 years, FCF Payout Ratio stood at 23.5 in 2020, then tumbled by 1333.27% to 289.85 in 2021, then surged by 100.1% to 0.28 in 2022, then advanced by 19.68% to 0.33 in 2023.
  • According to Business Quant data, FCF Payout Ratio over the past three periods registered 0.33, 0.28, and 0.09 for Q1 2023, Q3 2022, and Q2 2022 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Cover (Qtr)
1 First Solar 22.26 Bn 20.53 Bn 605.00 Mn -
2 Nextpower 12.25 Bn 11.04 Bn 335.85 Mn -
3 Enphase Energy 4.86 Bn 3.93 Bn 175.01 Mn -
4 Solaredge Technologies 2.25 Bn 1.67 Bn 95.15 Mn -
5 T1 Energy 1.29 Bn 1.08 Bn 49.10 Mn -
6 Shoals Technologies 1.19 Bn 1.18 Bn 49.53 Mn -
7 Canadian Solar 877.81 Mn -588.69 Mn 168.48 Mn -
8 Array Technologies 700.09 Mn 392.79 Mn 99.60 Mn -
9 JinkoSolar Holding 608.82 Mn -2.07 Bn 75.62 Mn -
10 Toyo 131.54 Mn 21.49 Mn 36.97 Mn -
Historic Data

Historic Data

Download Data
DateValue
Mar 31, 2023 0.33
Sep 30, 2022 0.28
Jun 30, 2022 0.09
Mar 31, 2022 -0.11
Dec 31, 2021 -289.85
Sep 30, 2021 23.44
Mar 31, 2021 -6.67
Dec 31, 2020 23.50
Sep 30, 2020 0.63
Mar 31, 2020 0.01