Shoals Technologies (SHLS) Gross Margin (2020 - 2026)

Shoals Technologies has reported Gross Margin for 7 years, with the latest figure at 29.18% in Q1 2026.

• For the quarter ending Q1 2026, Gross Margin fell 584.0% year-over-year to 29.18%; the trailing twelve-month figure through Mar 2026 stood at 33.5% (down 89.0% YoY), and the FY2025 full-year result was 35.03%, down 54.0% from the prior year.
• Gross Margin for Q1 2026 stood at 29.18%, down from 31.63% in the prior quarter.
• The five-year high for Gross Margin was 45.92% in Q1 2023, with the low at 10.54% in Q3 2023.
• Historically, Gross Margin has averaged 36.12% across 5 years, with a median of 38.68% in 2022.
• Annual changes were most pronounced in 2023 — Gross Margin tumbled 2915 bps — and 2024, when it soared 1429 bps.
• Shoals Technologies' Gross Margin stood at 42.66% in 2022, then declined by 0 bps to 42.46% in 2023, then declined by 12 bps to 37.56% in 2024, then dropped by 16 bps to 31.63% in 2025, then slipped by 8 bps to 29.18% in 2026.
• The last three Gross Margin figures came in at 29.18% (Q1 2026), 31.63% (Q4 2025), and 37.0% (Q3 2025), per Business Quant data.