Growth Metrics

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

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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
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