Shoals Technologies (SHLS) Net Margin (2020 - 2026)
Shoals Technologies' (SHLS) quarterly Net Margin came in at 7.43% in Q2 2026, down 507.0% on a YoY basis from 1.83% in Q2 2025, and up 3616.13% quarter-over-quarter from 0.21% in Q1 2026.
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Shoals Technologies (SHLS) Net Margin (2020 - 2026) Analysis & Trends
Shoals Technologies (SHLS) has reported Net Margin for 7 consecutive years, with 7.43% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Net Margin fell 507.0% year-over-year to 7.43%; the trailing twelve-month figure through Jun 2026 stood at 5.41% (up 14.0% YoY), and the FY2025 full-year result was 7.06%, up 102.0% from the prior year.
- Net Margin grew to 7.43% in Q2 2026 per SHLS's latest filing, from 0.21% in the prior quarter.
- Across five years, Net Margin topped out at 124.99% in Q4 2022 and bottomed at 7.32% in Q3 2023.
- Historically, Net Margin has averaged 13.95% across 5 years, with a median of 8.09% in 2025.
- The sharpest annual moves came in 2022 and 2023: Net Margin jumped 12947 bps in 2022, then sank 11227 bps in 2023.
- Over 5 years, Net Margin stood at 124.99% in 2022, then slumped by 90 bps to 12.71% in 2023, then tumbled by 43 bps to 7.31% in 2024, then slipped by 25 bps to 5.48% in 2025, then soared by 36 bps to 7.43% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 7.43%, 0.21%, and 5.48% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.19 Bn | 20.47 Bn | 605.00 Mn | 40.01% |
| 2 | Nextpower | 12.27 Bn | 11.06 Bn | 335.85 Mn | 17.68% |
| 3 | Enphase Energy | 4.87 Bn | 3.93 Bn | 175.01 Mn | 12.36% |
| 4 | Solaredge Technologies | 2.18 Bn | 1.60 Bn | 95.15 Mn | -8.88% |
| 5 | T1 Energy | 1.30 Bn | 1.09 Bn | 49.10 Mn | -17.80% |
| 6 | Shoals Technologies | 1.19 Bn | 1.17 Bn | 49.53 Mn | 7.43% |
| 7 | Canadian Solar | 873.77 Mn | -592.73 Mn | 168.48 Mn | -6.36% |
| 8 | Array Technologies | 698.55 Mn | 391.25 Mn | 99.60 Mn | 2.47% |
| 9 | JinkoSolar Holding | 608.56 Mn | -2.07 Bn | 75.62 Mn | -5.64% |
| 10 | Toyo | 131.99 Mn | 21.94 Mn | 36.97 Mn | 14.73% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 7.43% |
| Mar 31, 2026 | -0.21% |
| Dec 31, 2025 | 5.48% |
| Sep 30, 2025 | 8.75% |
| Jun 30, 2025 | 12.50% |
| Mar 31, 2025 | -0.35% |
| Dec 31, 2024 | 7.31% |
| Sep 30, 2024 | -0.26% |
| Jun 30, 2024 | 11.89% |
| Mar 31, 2024 | 5.26% |
| Dec 31, 2023 | 12.71% |
| Sep 30, 2023 | -7.32% |
| Jun 30, 2023 | 15.87% |
| Mar 31, 2023 | 16.16% |
| Dec 31, 2022 | 124.99% |
| Sep 30, 2022 | 14.05% |
| Jun 30, 2022 | 9.94% |
| Mar 31, 2022 | 6.84% |
| Dec 31, 2021 | -4.48% |
| Sep 30, 2021 | 8.82% |