Shoals Technologies (SHLS) Inventory Average (2021 - 2026)
Shoals Technologies' (SHLS) quarterly Inventory Average came in at $124.4 million in Q1 2026, up 112.44% YoY from $58.6 million in Q1 2025, and up 65.66% on a QoQ basis from $75.1 million in Q4 2025.
Shoals Technologies (SHLS) Inventory Average (2021 - 2026) Analysis & Trends
Shoals Technologies (SHLS) has 6 years of Inventory Average data on file, last reported at $124.4 million in Q1 2026.
- Quarterly Inventory Average rose 112.44% year-over-year to $124.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $124.4 million (up 112.44% YoY) and the FY2025 annual result came in at $72.9 million, up 34.08% from the prior year.
- Inventory Average advanced to $124.4 million in Q1 2026, from $75.1 million in the prior quarter.
- In the past five years, Inventory Average ranged from a high of $124.4 million in Q1 2026 to a low of $43.9 million in Q1 2022.
- A 5-year average of $66.6 million and a median of $60.9 million in 2024 frame the typical range for Inventory Average.
- Annual changes were most pronounced in 2022 — Inventory Average soared 197.57% — and 2023, when it dropped 26.13%.
- Tracing SHLS's Inventory Average over 5 years: stood at $77.0 million in 2022, then declined by 26.13% to $56.9 million in 2023, then gained by 7.09% to $60.9 million in 2024, then rose by 23.31% to $75.1 million in 2025, then soared by 65.66% to $124.4 million in 2026.
- The last three Inventory Average figures came in at $124.4 million (Q1 2026), $75.1 million (Q4 2025), and $58.6 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inventory Avg. (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.22 Bn | 21.50 Bn | 605.00 Mn | 991.00 Mn |
| 2 | Nextpower | 13.18 Bn | 11.97 Bn | 335.85 Mn | 261.95 Mn |
| 3 | Enphase Energy | 5.14 Bn | 4.20 Bn | 175.01 Mn | 287.86 Mn |
| 4 | Sunrun | 2.23 Bn | 2.23 Bn | 527.54 Mn | 570.12 Mn |
| 5 | Solaredge Technologies | 1.90 Bn | 1.32 Bn | 95.15 Mn | 598.32 Mn |
| 6 | Shoals Technologies | 1.22 Bn | 1.20 Bn | 49.53 Mn | 171.86 Mn |
| 7 | Canadian Solar | 984.93 Mn | -603.36 Mn | 124.40 Mn | 622.77 Bn |
| 8 | JinkoSolar Holding | 837.66 Mn | -2.47 Bn | 147.66 Mn | 2.30 Bn |
| 9 | Array Technologies | 729.29 Mn | 421.99 Mn | 99.60 Mn | 162.22 Mn |
| 10 | Toyo | 175.21 Mn | 98.57 Mn | 47.76 Mn | 97.23 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 171.86 Mn |
| Mar 31, 2026 | 124.44 Mn |
| Dec 31, 2025 | 75.11 Mn |
| Sep 30, 2025 | 58.62 Mn |
| Jun 30, 2025 | 59.04 Mn |
| Mar 31, 2025 | 58.58 Mn |
| Dec 31, 2024 | 60.92 Mn |
| Sep 30, 2024 | 62.93 Mn |
| Jun 30, 2024 | 59.79 Mn |
| Mar 31, 2024 | 56.18 Mn |
| Dec 31, 2023 | 56.88 Mn |
| Sep 30, 2023 | 64.64 Mn |
| Jun 30, 2023 | 71.02 Mn |
| Mar 31, 2023 | 73.29 Mn |
| Dec 31, 2022 | 77.01 Mn |
| Sep 30, 2022 | 73.06 Mn |
| Jun 30, 2022 | 57.22 Mn |
| Mar 31, 2022 | 43.92 Mn |
| Dec 31, 2021 | 33.10 Mn |
| Sep 30, 2021 | 24.55 Mn |