Shoals Technologies (SHLS) Net Income (2020 - 2026)
Shoals Technologies (SHLS) reported Net Income of $12.14 million for Q2 2026, down 12.4% from $13.86 million a year earlier.
Powered by 
Analysis
Shoals Technologies (SHLS) Net Income (2020 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Shoals Technologies' Net Income came in at $31.84 million, up 50.7% year-over-year; for FY2025, it came in at $33.57 million, up 39.2% from FY2024.
- Net Income has a five-year compound annual growth rate of -0.1% (FY2020 to FY2025).
- By year, Net Income came in at $24.13 million in FY2024 (-43.4%), $42.66 million in FY2023 (-70.2%), $143.01 million in FY2022 and $3.94 million in FY2021 (-88.3%).
- Five-year quarterly Net Income spans a low of -$9.83 million in Q3 2023 and a high of $118.3 million in Q4 2022.
- Year over year, Net Income gained in two of the last four quarters, with an average decline of 11.0%.
- The high point for year-over-year Net Income in five years was Q1 2023 (growth of 265.3%); the low point was Q4 2023 (a decline of 86.0%).
- Per Business Quant data, the three quarters before Q2 2026 came in at -$297,000 (Q1 2026), $8.12 million (Q4 2025) and $11.88 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 252.99 Bn | 214.06 Bn | 2.36 Bn | 649.00 Mn |
| 2 | Bloom Energy | 81.25 Bn | 73.07 Bn | 355.57 Mn | 198.86 Mn |
| 3 | First Solar | 18.82 Bn | 9.78 Bn | 605.00 Mn | 422.57 Mn |
| 4 | BWX Technologies | 12.55 Bn | 10.85 Bn | 202.31 Mn | 89.10 Mn |
| 5 | Generac Holdings | 12.21 Bn | 11.04 Bn | 521.81 Mn | 143.24 Mn |
| 6 | Nextpower | 11.82 Bn | 7.71 Bn | 335.85 Mn | 165.36 Mn |
| 7 | EnerSys | 6.67 Bn | 4.86 Bn | 313.36 Mn | 116.45 Mn |
| 8 | Enphase Energy | 4.36 Bn | -500.13 Mn | 175.01 Mn | 36.08 Mn |
| 9 | Mirion Technologies | 3.45 Bn | 1.34 Bn | 133.10 Mn | 8.10 Mn |
| 10 | Shoals Technologies | 1.36 Bn | 1.33 Bn | 49.53 Mn | 12.14 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 12.14 Mn |
| Mar 31, 2026 | -297,000.00 |
| Dec 31, 2025 | 8.12 Mn |
| Sep 30, 2025 | 11.88 Mn |
| Jun 30, 2025 | 13.86 Mn |
| Mar 31, 2025 | -282,000.00 |
| Dec 31, 2024 | 7.82 Mn |
| Sep 30, 2024 | -267,000.00 |
| Jun 30, 2024 | 11.80 Mn |
| Mar 31, 2024 | 4.77 Mn |
| Dec 31, 2023 | 16.58 Mn |
| Sep 30, 2023 | -9.83 Mn |
| Jun 30, 2023 | 18.92 Mn |
| Mar 31, 2023 | 16.98 Mn |
| Dec 31, 2022 | 118.30 Mn |
| Sep 30, 2022 | 12.76 Mn |
| Jun 30, 2022 | 7.30 Mn |
| Mar 31, 2022 | 4.65 Mn |
| Dec 31, 2021 | -2.15 Mn |
| Sep 30, 2021 | 5.28 Mn |
API Access
Shoals Technologies Net Income 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=net-income&ticker=SHLS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-income", "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=net-income&ticker=SHLS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();