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

Shoals Technologies' Gross Margin history runs 7 years deep, the most recent figure standing at 29.18% for Q1 2026.

• Quarterly Gross Margin fell 584.0% year-over-year to 29.18% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 33.5% (down 89.0% YoY) and the FY2025 annual result came in at 35.03%, down 54.0% from the prior year.
• Gross Margin was 29.18% for Q1 2026 at Shoals Technologies, down from 31.63% in the prior quarter.
• Across five years, Gross Margin topped out at 45.92% in Q1 2023 and bottomed at 10.54% in Q3 2023.
• A 5-year average of 36.12% and a median of 38.68% in 2022 frame the typical range for Gross Margin.
• Annual changes were most pronounced in 2023 — Gross Margin slumped 2915 bps — and 2024, when it soared 1429 bps.
• Shoals Technologies' Gross Margin stood at 42.66% in 2022, then retreated by 0 bps to 42.46% in 2023, then retreated by 12 bps to 37.56% in 2024, then fell by 16 bps to 31.63% in 2025, then declined by 8 bps to 29.18% in 2026.
• Business Quant data shows SHLS's Gross Margin at 29.18% in Q1 2026, 31.63% in Q4 2025, and 37.0% in Q3 2025.