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
DateValue
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