Growth Metrics

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

Shoals Technologies posted quarterly FCF Payout Ratio of 0.33 for Q1 2023, up 402.4% year-on-year from 0.07 in Q1 2022, and up 19.68% on a QoQ basis from 0.28 in Q3 2022.

Shoals Technologies (SHLS) has 4 years of FCF Payout Ratio data on file, last reported at 0.33 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 86.63% YoY), and the FY2023 full-year result was 0.03, down 86.63% from the prior year.
  • FCF Payout Ratio for Q1 2023 stood at 0.33, up from 0.28 in the prior quarter.
  • Across five years, FCF Payout Ratio topped out at 23.5 in Q4 2020 and bottomed at 0.11 in Q1 2022.
  • The 4-year median for FCF Payout Ratio is 0.28 (2021), against an average of 2.9.
  • The widest annual swing landed in 2022, when FCF Payout Ratio plunged 91.43%; it then jumped 402.4% in 2023.
  • A 4-year view of FCF Payout Ratio shows it stood at 23.5 in 2020, then tumbled by 98.81% to 0.28 in 2021, then declined by 0.4% to 0.28 in 2022, then gained by 19.68% to 0.33 in 2023.
  • The last three FCF Payout Ratio figures came in at 0.33 (Q1 2023), 0.28 (Q3 2022), and 0.09 (Q2 2022), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Cover (Qtr)
1 First Solar 26.65 Bn 24.22 Bn 486.13 Mn -
2 Nextpower 17.99 Bn 16.90 Bn 297.38 Mn -
3 Canadian Solar 15.11 Bn 15.69 Bn 124.40 Mn -
4 Enphase Energy 8.19 Bn 7.26 Bn 100.39 Mn -
5 Solaredge Technologies 3.80 Bn 3.25 Bn 68.28 Mn -
6 Sunrun 3.38 Bn 4.27 Bn 543.70 Mn 7.41
7 Shoals Technologies 1.60 Bn 1.60 Bn 41.01 Mn -
8 Array Technologies 1.25 Bn 1.05 Bn 63.00 Mn -
9 JinkoSolar Holding 677.44 Mn 2.29 Bn 147.66 Mn -
10 Tigo Energy 288.14 Mn 276.56 Mn 10.79 Mn -

Historic Data

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DateValue
Mar 31, 2023 0.33
Sep 30, 2022 0.28
Jun 30, 2022 0.09
Mar 31, 2022 -0.11
Sep 30, 2021 0.28
Jun 30, 2021 1.06
Dec 31, 2020 23.50
Sep 30, 2020 0.63
Mar 31, 2020 0.01