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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Shoals Technologies (SHLS) Gross Margin (2020 - 2025)

Shoals Technologies' Gross Margin history spans 6 years, with the latest figure at 31.63% for Q4 2025.

  • For Q4 2025, Gross Margin fell 593.0% year-over-year to 31.63%; the TTM value through Dec 2025 reached 35.03%, down 54.0%, while the annual FY2025 figure was 35.03%, 54.0% down from the prior year.
  • Gross Margin reached 31.63% in Q4 2025 per SHLS's latest filing, down from 37.0% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 45.92% in Q1 2023 to a low of 10.54% in Q3 2023.
  • Average Gross Margin over 5 years is 36.97%, with a median of 38.79% recorded in 2022.
  • Peak YoY movement for Gross Margin: tumbled -2915bps in 2023, then skyrocketed 1429bps in 2024.
  • A 5-year view of Gross Margin shows it stood at 33.14% in 2021, then grew by 29bps to 42.66% in 2022, then dropped by 0bps to 42.46% in 2023, then dropped by -12bps to 37.56% in 2024, then fell by -16bps to 31.63% in 2025.
  • Per Business Quant, the three most recent readings for SHLS's Gross Margin are 31.63% (Q4 2025), 37.0% (Q3 2025), and 37.17% (Q2 2025).