Shoals Technologies (SHLS) Net Margin (2020 - 2026)
Shoals Technologies (SHLS) posted Net Margin of 0.21% for Q1 2026, down 103.86% on a QoQ basis from 5.48% in Q4 2025, and up 14.0% year-over-year from 0.19% in Q1 2025.
Shoals Technologies (SHLS) Net Margin (2020 - 2026) Analysis & Trends
Shoals Technologies' Net Margin history runs 7 years deep, the most recent figure standing at 0.21% for Q1 2026.
- Quarterly Net Margin rose 14.0% year-over-year to 0.21% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 6.27% (up 136.0% YoY) and the FY2025 annual result came in at 7.06%, up 102.0% from the prior year.
- Net Margin was 0.21% for Q1 2026 at Shoals Technologies, down from 5.48% 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.
- A 5-year average of 14.33% and a median of 8.75% in 2025 frame the typical range for Net Margin.
- Annual changes were most pronounced in 2022 — Net Margin soared 12947 bps — and 2023, when it tumbled 11227 bps.
- Shoals Technologies' 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 tumbled by 104 bps to 0.21% in 2026.
- Business Quant data shows SHLS's Net Margin at 0.21% in Q1 2026, 5.48% in Q4 2025, and 8.75% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.08 Bn | 19.65 Bn | 486.13 Mn | 33.19% |
| 2 | Nextpower | 15.32 Bn | 14.23 Bn | 297.38 Mn | 17.10% |
| 3 | Enphase Energy | 4.98 Bn | 4.05 Bn | 100.39 Mn | -2.62% |
| 4 | JinkoSolar Holding | 3.20 Bn | -107.75 Mn | 147.66 Mn | 129.61% |
| 5 | Solaredge Technologies | 2.60 Bn | 2.04 Bn | 68.28 Mn | -18.48% |
| 6 | Sunrun | 2.35 Bn | 687.09 Mn | 407.49 Mn | -41.17% |
| 7 | Shoals Technologies | 1.55 Bn | 1.55 Bn | 41.01 Mn | -0.21% |
| 8 | Canadian Solar | 925.64 Mn | 166.07 Mn | 124.40 Mn | 7.09% |
| 9 | Array Technologies | 843.55 Mn | 642.85 Mn | 63.00 Mn | -6.06% |
| 10 | Toyo | 182.74 Mn | 106.10 Mn | 47.76 Mn | 19.90% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 15.33% |