Shoals Technologies (SHLS) Free Cash Flow (2020 - 2026)
Shoals Technologies (SHLS) posted Free Cash Flow of $26.01 million for Q3 2026, up 190.1% from $8.97 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 Sep 30, 2026, Free Cash Flow at Shoals Technologies was -$34.54 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.
- The Q3 2026 figure stands as the highest quarterly Free Cash Flow since Q2 2024.
- On a year-over-year basis, Free Cash Flow increased in two of the last four quarters, with growth averaging 32.3%.
- 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 -$207,000 (Q2 2026), -$49.1 million (Q1 2026) and -$11.25 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 212.47 Bn | 164.72 Bn | 3.11 Bn | 5.41 Bn |
| 2 | Bloom Energy | 56.73 Bn | 46.66 Bn | 417.10 Mn | -180.63 Mn |
| 3 | First Solar | 18.42 Bn | 9.79 Bn | 713.06 Mn | -197.76 Mn |
| 4 | Nextpower | 14.32 Bn | 10.03 Bn | 345.32 Mn | 134.98 Mn |
| 5 | BWX Technologies | 11.27 Bn | 9.04 Bn | 227.14 Mn | 150.45 Mn |
| 6 | Generac Holdings | 11.25 Bn | 9.99 Bn | 516.04 Mn | 131.74 Mn |
| 7 | Innio | 10.93 Bn | 7.17 Bn | 367.70 Mn | 204.70 Mn |
| 8 | EnerSys | 5.13 Bn | 3.44 Bn | 284.35 Mn | 179.90 Mn |
| 9 | Mirion Technologies | 4.30 Bn | 2.71 Bn | 131.50 Mn | 47.30 Mn |
| 10 | Shoals Technologies | 1.40 Bn | 1.36 Bn | 62.40 Mn | 26.01 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 26.01 Mn |
| 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 |
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();