Shoals Technologies (SHLS) Invested Capital (2020 - 2026)
Shoals Technologies posted quarterly Invested Capital of $601.6 million for Q1 2026, up 7.64% year-on-year from $558.9 million in Q1 2025, and little changed on a QoQ basis from $600.0 million in Q4 2025.
Shoals Technologies (SHLS) has 7 years of Invested Capital data on file, last reported 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.
- Across five years, Invested Capital topped out at $741.9 million in Q1 2023 and bottomed at $280.4 million in Q1 2022.
- The 5-year median for Invested Capital is $601.6 million (2026), against an average of $591.4 million.
- The widest annual swing landed in 2023, when Invested Capital soared 164.61%; it then decreased 22.66% in 2025.
- A 5-year view of Invested Capital shows it stood at $540.1 million in 2022, then surged by 34.51% to $726.4 million in 2023, then dropped by 3.84% to $698.6 million in 2024, then decreased by 14.11% to $600.0 million in 2025, then increased 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 | 26.65 Bn | 24.22 Bn | 486.13 Mn | 10.21 Bn |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | 2.33 Bn |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | 9.95 Bn |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | 1.67 Bn |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | 410.72 Mn |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | 3.63 Bn |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | 601.65 Mn |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | 106.71 Mn |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn | 3.94 Bn |
| 10 | Tigo Energy | 288.14 Mn | 276.56 Mn | 10.79 Mn | 40.85 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 |
| Mar 31, 2021 | 189.09 Mn |
| Dec 31, 2020 | 174.71 Mn |
| Sep 30, 2020 | 175.29 Mn |
| Jun 30, 2020 | 170.91 Mn |
| Mar 31, 2020 | 158.99 Mn |