Shoals Technologies (SHLS) Inventory Average (2021 - 2026)
Shoals Technologies' (SHLS) quarterly Inventory Average came in at $171.9 million in Q2 2026, up 191.1% on a YoY basis from $59.0 million in Q2 2025, and up 38.11% quarter-over-quarter from $124.4 million in Q1 2026.
Analysis
Shoals Technologies (SHLS) Inventory Average (2021 - 2026) Analysis & Trends
Shoals Technologies (SHLS) has reported Inventory Average for 6 consecutive years, with $171.9 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Inventory Average rose 191.1% year-over-year to $171.9 million; the trailing twelve-month figure through Jun 2026 stood at $171.9 million (up 191.1% YoY), and the FY2025 full-year result was $72.9 million, up 34.08% from the prior year.
- Inventory Average grew to $171.9 million in Q2 2026 per SHLS's latest filing, from $124.4 million in the prior quarter.
- Across five years, Inventory Average topped out at $171.9 million in Q2 2026 and bottomed at $43.9 million in Q1 2022.
- Historically, Inventory Average has averaged $72.5 million across 5 years, with a median of $61.9 million in 2024.
- The sharpest annual moves came in 2022 and 2023: Inventory Average jumped 197.57% in 2022, then declined 26.13% in 2023.
- Over 5 years, 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 soared by 128.79% to $171.9 million in 2026.
- According to Business Quant data, Inventory Average over the past three periods registered $171.9 million, $124.4 million, and $75.1 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inventory Avg. (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.19 Bn | 20.46 Bn | 605.00 Mn | 991.00 Mn |
| 2 | Nextpower | 12.26 Bn | 11.04 Bn | 335.85 Mn | 261.95 Mn |
| 3 | Enphase Energy | 4.88 Bn | 3.94 Bn | 175.01 Mn | 287.86 Mn |
| 4 | Solaredge Technologies | 2.13 Bn | 1.55 Bn | 95.15 Mn | 598.32 Mn |
| 5 | T1 Energy | 1.31 Bn | 1.10 Bn | 49.10 Mn | 178.86 Mn |
| 6 | Shoals Technologies | 1.18 Bn | 1.16 Bn | 49.53 Mn | 171.86 Mn |
| 7 | Canadian Solar | 879.83 Mn | -586.67 Mn | 168.48 Mn | 1.59 Bn |
| 8 | Array Technologies | 697.78 Mn | 390.48 Mn | 99.60 Mn | 162.22 Mn |
| 9 | JinkoSolar Holding | 610.91 Mn | -2.07 Bn | 75.62 Mn | 2.50 Bn |
| 10 | Toyo | 132.74 Mn | 22.70 Mn | 36.97 Mn | 123.30 Mn |
Historic Data
Download Data
Historic 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 |