Shoals Technologies (SHLS) Free Cash Flow (2020 - 2026)
Shoals Technologies (SHLS) posted Free Cash Flow of -$207,000 for Q2 2026, compared with -$26.04 million a year earlier.
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Analysis
Shoals Technologies (SHLS) Free Cash Flow (2020 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Free Cash Flow at Shoals Technologies was -$51.59 million; for FY2025, it came in at -$15.98 million.
- In prior years, Shoals Technologies' Free Cash Flow was $72 million in FY2024 (-11.5%), $81.38 million in FY2023 (+124.2%), $36.3 million in FY2022 and -$8.21 million in FY2021.
- Quarterly Free Cash Flow has run from a low of -$49.1 million in Q1 2026 to a high of $35.84 million in Q2 2024 over five years.
- On a year-over-year basis, Free Cash Flow increased in 1 of the last four quarters, with an average decline of 26.5%.
- The strongest year-over-year quarter for Free Cash Flow in the past five years was Q2 2022, with growth of 539.3%; the weakest was Q4 2021, with a decline of 93.9%.
- According to Business Quant data, Free Cash Flow for the three prior quarters was -$49.1 million (Q1 2026), -$11.25 million (Q4 2025) and $8.97 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 252.99 Bn | 214.06 Bn | 2.36 Bn | 5.11 Bn |
| 2 | Bloom Energy | 81.25 Bn | 73.07 Bn | 355.57 Mn | 174.79 Mn |
| 3 | First Solar | 18.82 Bn | 9.78 Bn | 605.00 Mn | -306.22 Mn |
| 4 | BWX Technologies | 12.55 Bn | 10.85 Bn | 202.31 Mn | 114.97 Mn |
| 5 | Generac Holdings | 12.21 Bn | 11.04 Bn | 521.81 Mn | 62.92 Mn |
| 6 | Nextpower | 11.82 Bn | 7.71 Bn | 335.85 Mn | 105.16 Mn |
| 7 | EnerSys | 6.67 Bn | 4.86 Bn | 313.36 Mn | 217.74 Mn |
| 8 | Enphase Energy | 4.36 Bn | -500.13 Mn | 175.01 Mn | 25.93 Mn |
| 9 | Mirion Technologies | 3.45 Bn | 1.34 Bn | 133.10 Mn | 48.10 Mn |
| 10 | Shoals Technologies | 1.36 Bn | 1.33 Bn | 49.53 Mn | -207,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -207,000.00 |
| Mar 31, 2026 | -49.10 Mn |
| Dec 31, 2025 | -11.25 Mn |
| Sep 30, 2025 | 8.97 Mn |
| Jun 30, 2025 | -26.04 Mn |
| Mar 31, 2025 | 12.35 Mn |
| Dec 31, 2024 | 12.46 Mn |
| Sep 30, 2024 | 13.32 Mn |
| Jun 30, 2024 | 35.84 Mn |
| Mar 31, 2024 | 10.38 Mn |
| Dec 31, 2023 | 23.51 Mn |
| Sep 30, 2023 | 24.41 Mn |
| Jun 30, 2023 | 25.55 Mn |
| Mar 31, 2023 | 7.91 Mn |
| Dec 31, 2022 | 33.68 Mn |
| Sep 30, 2022 | 11.51 Mn |
| Jun 30, 2022 | 17.85 Mn |
| Mar 31, 2022 | -26.74 Mn |
| Dec 31, 2021 | 953,000.00 |
| Sep 30, 2021 | 6.69 Mn |
API Access
Shoals Technologies Free Cash Flow API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=free-cash-flow&ticker=SHLS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "ticker": "SHLS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=free-cash-flow&ticker=SHLS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();