Shoals Technologies (SHLS) Inventory Average (2021 - 2026)
Shoals Technologies (SHLS) posted Inventory Average of $124.4 million for Q1 2026, up 65.66% on a QoQ basis from $75.1 million in Q4 2025, and up 112.44% year-over-year from $58.6 million in Q1 2025.
Shoals Technologies (SHLS) Inventory Average (2021 - 2026) Analysis & Trends
Shoals Technologies' Inventory Average history runs 6 years deep, the most recent figure standing at $124.4 million for 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 was $124.4 million for Q1 2026 at Shoals Technologies, up from $75.1 million in the prior quarter.
- Across five years, Inventory Average topped out at $124.4 million in Q1 2026 and bottomed at $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 retreated 26.13%.
- Shoals Technologies' Inventory Average stood at $77.0 million in 2022, then retreated by 26.13% to $56.9 million in 2023, then climbed by 7.09% to $60.9 million in 2024, then advanced by 23.31% to $75.1 million in 2025, then surged by 65.66% to $124.4 million in 2026.
- Business Quant data shows SHLS's Inventory Average at $124.4 million in Q1 2026, $75.1 million in Q4 2025, and $58.6 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inventory Avg. (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.08 Bn | 19.65 Bn | 486.13 Mn | 815.31 Mn |
| 2 | Nextpower | 15.32 Bn | 14.23 Bn | 297.38 Mn | 268.78 Mn |
| 3 | Enphase Energy | 4.98 Bn | 4.05 Bn | 100.39 Mn | 289.37 Mn |
| 4 | JinkoSolar Holding | 3.20 Bn | -107.75 Mn | 147.66 Mn | 2.30 Bn |
| 5 | Solaredge Technologies | 2.60 Bn | 2.04 Bn | 68.28 Mn | 574.73 Mn |
| 6 | Sunrun | 2.35 Bn | 687.09 Mn | 407.49 Mn | 495.84 Mn |
| 7 | Shoals Technologies | 1.55 Bn | 1.55 Bn | 41.01 Mn | 124.44 Mn |
| 8 | Canadian Solar | 925.64 Mn | 166.07 Mn | 124.40 Mn | 622.77 Bn |
| 9 | Array Technologies | 843.55 Mn | 642.85 Mn | 63.00 Mn | 159.17 Mn |
| 10 | Toyo | 182.74 Mn | 106.10 Mn | 47.76 Mn | 97.23 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 21.18 Mn |