Growth Metrics

Shoals Technologies (SHLS) Interest Coverage Ratio (2020 - 2026)

Shoals Technologies posted quarterly Interest Coverage Ratio of 2.66 for Q1 2026, up 48.9% year-on-year from 1.79 in Q1 2025, and down 61.64% on a QoQ basis from 6.93 in Q4 2025.

Shoals Technologies (SHLS) has 7 years of Interest Coverage Ratio data on file, last reported at 2.66 in Q1 2026.

  • For the quarter ending Q1 2026, Interest Coverage Ratio rose 48.9% year-over-year to 2.66; the trailing twelve-month figure through Mar 2026 stood at 5.7 (up 52.89% YoY), and the FY2025 full-year result was 5.64, up 52.45% from the prior year.
  • Interest Coverage Ratio for Q1 2026 stood at 2.66, down from 6.93 in the prior quarter.
  • Across five years, Interest Coverage Ratio topped out at 7.15 in Q2 2025 and bottomed at 1.79 in Q3 2023.
  • The 5-year median for Interest Coverage Ratio is 4.2 (2022), against an average of 3.97.
  • The widest annual swing landed in 2022, when Interest Coverage Ratio soared 449.14%; it then plunged 142.67% in 2023.
  • A 5-year view of Interest Coverage Ratio shows it stood at 4.05 in 2022, then jumped by 38.21% to 5.59 in 2023, then grew by 1.17% to 5.66 in 2024, then gained by 22.53% to 6.93 in 2025, then sank by 61.64% to 2.66 in 2026.
  • The last three Interest Coverage Ratio figures came in at 2.66 (Q1 2026), 6.93 (Q4 2025), and 6.59 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Interest Cover (Qtr)
1 First Solar 26.65 Bn 24.22 Bn 486.13 Mn 45.35
2 Nextpower 17.99 Bn 16.90 Bn 297.38 Mn -
3 Canadian Solar 15.11 Bn 15.69 Bn 124.40 Mn 1.32
4 Enphase Energy 8.19 Bn 7.26 Bn 100.39 Mn -46.83
5 Solaredge Technologies 3.80 Bn 3.25 Bn 68.28 Mn -
6 Sunrun 3.38 Bn 4.27 Bn 543.70 Mn -
7 Shoals Technologies 1.60 Bn 1.60 Bn 41.01 Mn 2.66
8 Array Technologies 1.25 Bn 1.05 Bn 63.00 Mn 1.28
9 JinkoSolar Holding 677.44 Mn 2.29 Bn 147.66 Mn -
10 Tigo Energy 288.14 Mn 276.56 Mn 10.79 Mn -2,410.00

Historic Data

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DateValue
Mar 31, 2026 2.66
Dec 31, 2025 6.93
Sep 30, 2025 6.59
Jun 30, 2025 7.15
Mar 31, 2025 1.79
Dec 31, 2024 5.66
Sep 30, 2024 1.43
Jun 30, 2024 5.69
Mar 31, 2024 2.59
Dec 31, 2023 5.59
Sep 30, 2023 -1.79
Jun 30, 2023 4.86
Mar 31, 2023 4.35
Dec 31, 2022 4.05
Sep 30, 2022 4.20
Jun 30, 2022 3.11
Mar 31, 2022 2.61
Dec 31, 2021 0.74
Sep 30, 2021 2.67
Jun 30, 2021 3.89
Mar 31, 2021 2.67
Dec 31, 2020 2.46
Sep 30, 2020 145.24
Jun 30, 2020 24.21
Mar 31, 2020 35.17