Shoals Technologies (SHLS) Liabilities and Shareholders Equity (2020 - 2026)
Shoals Technologies (SHLS) reported Liabilities and Shareholders Equity of $1.02 billion for Q2 2026, up 27.9% from $794.96 million a year earlier but down 1.4% from the prior quarter.
Powered by 
Analysis
Shoals Technologies (SHLS) Liabilities and Shareholders Equity (2020 - 2026) Analysis & Trends
At the end of FY2025, Shoals Technologies posted Liabilities and Shareholders Equity of $904.1 million, up 14.0% from FY2024.
- Liabilities and Shareholders Equity has a five-year compound annual growth rate of 35.9% (FY2020 to FY2025).
- By year, Liabilities and Shareholders Equity came in at $793.08 million in FY2024 (-6.0%), $843.99 million in FY2023 (+41.9%), $594.9 million in FY2022 (+39.5%) and $426.41 million in FY2021 (+118.3%).
- Five-year quarterly Liabilities and Shareholders Equity spans a low of $382.81 million in Q3 2021 and a high of $1.03 billion in Q1 2026.
- Year over year, Liabilities and Shareholders Equity has now increased in each of the last five quarters, with growth averaging 8.1% over the last eight quarters.
- The high point for year-over-year Liabilities and Shareholders Equity in five years was Q4 2021 (growth of 118.3%); the low point was Q4 2024 (a decline of 6.0%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $1.03 billion (Q1 2026), $904.1 million (Q4 2025) and $851.79 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Liabilities and Shareholders Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 252.99 Bn | 214.06 Bn | 2.36 Bn | 80.80 Bn |
| 2 | Bloom Energy | 81.25 Bn | 73.07 Bn | 355.57 Mn | 5.63 Bn |
| 3 | First Solar | 18.82 Bn | 9.78 Bn | 605.00 Mn | 13.39 Bn |
| 4 | BWX Technologies | 12.55 Bn | 10.85 Bn | 202.31 Mn | 4.42 Bn |
| 5 | Generac Holdings | 12.21 Bn | 11.04 Bn | 521.81 Mn | 5.77 Bn |
| 6 | Nextpower | 11.82 Bn | 7.71 Bn | 335.85 Mn | 4.26 Bn |
| 7 | EnerSys | 6.67 Bn | 4.86 Bn | 313.36 Mn | 3.96 Bn |
| 8 | Enphase Energy | 4.36 Bn | -500.13 Mn | 175.01 Mn | 2.92 Bn |
| 9 | Mirion Technologies | 3.45 Bn | 1.34 Bn | 133.10 Mn | 3.52 Bn |
| 10 | Shoals Technologies | 1.36 Bn | 1.33 Bn | 49.53 Mn | 1.02 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.02 Bn |
| Mar 31, 2026 | 1.03 Bn |
| Dec 31, 2025 | 904.10 Mn |
| Sep 30, 2025 | 851.79 Mn |
| Jun 30, 2025 | 794.96 Mn |
| Mar 31, 2025 | 788.42 Mn |
| Dec 31, 2024 | 793.08 Mn |
| Sep 30, 2024 | 801.30 Mn |
| Jun 30, 2024 | 788.44 Mn |
| Mar 31, 2024 | 825.31 Mn |
| Dec 31, 2023 | 843.99 Mn |
| Sep 30, 2023 | 840.15 Mn |
| Jun 30, 2023 | 818.82 Mn |
| Mar 31, 2023 | 808.60 Mn |
| Dec 31, 2022 | 594.90 Mn |
| Sep 30, 2022 | 529.89 Mn |
| Jun 30, 2022 | 496.62 Mn |
| Mar 31, 2022 | 474.47 Mn |
| Dec 31, 2021 | 426.41 Mn |
| Sep 30, 2021 | 382.81 Mn |
API Access
Shoals Technologies Liabilities and Shareholders Equity API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=liabilities-and-shareholders-equity&ticker=SHLS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "liabilities-and-shareholders-equity", "ticker": "SHLS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=liabilities-and-shareholders-equity&ticker=SHLS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();