Shoals Technologies (SHLS) Invested Capital (2020 - 2026)
Shoals Technologies (SHLS) reported Invested Capital of $601.6 million for Q1 2026, up 7.64% on a YoY basis from $558.9 million in Q1 2025, and little changed quarter-over-quarter from $600.0 million in Q4 2025.
Shoals Technologies (SHLS) Invested Capital (2020 - 2026) Analysis & Trends
Shoals Technologies has reported Invested Capital for 7 years, with the latest figure at $601.6 million in Q1 2026.
- For the quarter ending Q1 2026, Invested Capital rose 7.64% year-over-year to $601.6 million; the trailing twelve-month figure through Mar 2026 stood at $601.6 million (up 7.64% YoY), and the FY2025 full-year result was $600.0 million, down 14.11% from the prior year.
- Invested Capital for Q1 2026 stood at $601.6 million, roughly flat from $600.0 million in the prior quarter.
- The five-year high for Invested Capital was $741.9 million in Q1 2023, with the low at $280.4 million in Q1 2022.
- Historically, Invested Capital has averaged $591.4 million across 5 years, with a median of $601.6 million in 2026.
- Annual changes were most pronounced in 2023 — Invested Capital soared 164.61% — and 2025, when it decreased 22.66%.
- Shoals Technologies' Invested Capital stood at $540.1 million in 2022, then jumped by 34.51% to $726.4 million in 2023, then slipped by 3.84% to $698.6 million in 2024, then retreated by 14.11% to $600.0 million in 2025, then grew by 0.28% to $601.6 million in 2026.
- The last three Invested Capital figures came in at $601.6 million (Q1 2026), $600.0 million (Q4 2025), and $589.6 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 28.68 Bn | 26.25 Bn | 486.13 Mn | 10.21 Bn |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | 2.33 Bn |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | 1.67 Bn |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | 410.72 Mn |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | 3.63 Bn |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | 601.65 Mn |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | 106.71 Mn |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn | 26.33 Mn |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn | 40.85 Mn |
| 10 | Skycorp Solar | 110.38 Mn | 103.60 Mn | - | 24.48 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 601.65 Mn |
| Dec 31, 2025 | 599.97 Mn |
| Sep 30, 2025 | 589.64 Mn |
| Jun 30, 2025 | 575.41 Mn |
| Mar 31, 2025 | 558.93 Mn |
| Dec 31, 2024 | 698.55 Mn |
| Sep 30, 2024 | 686.95 Mn |
| Jun 30, 2024 | 691.34 Mn |
| Mar 31, 2024 | 722.73 Mn |
| Dec 31, 2023 | 726.44 Mn |
| Sep 30, 2023 | 715.02 Mn |
| Jun 30, 2023 | 740.01 Mn |
| Mar 31, 2023 | 741.92 Mn |
| Dec 31, 2022 | 540.05 Mn |
| Sep 30, 2022 | 299.60 Mn |
| Jun 30, 2022 | 285.10 Mn |
| Mar 31, 2022 | 280.38 Mn |
| Dec 31, 2021 | 239.56 Mn |
| Sep 30, 2021 | 241.15 Mn |
| Jun 30, 2021 | 206.64 Mn |