Shoals Technologies (SHLS) Net Margin (2020 - 2026)
Shoals Technologies' (SHLS) quarterly Net Margin came in at 0.21% in Q1 2026, up 14.0% YoY from 0.19% in Q1 2025, and down 103.86% on a QoQ basis from 5.48% in Q4 2025.
Shoals Technologies (SHLS) Net Margin (2020 - 2026) Analysis & Trends
Shoals Technologies (SHLS) has 7 years of Net Margin data on file, last reported at 0.21% in 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 retreated to 0.21% in Q1 2026, from 5.48% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 124.99% in Q4 2022 to a low of 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 plunged 11227 bps.
- Tracing SHLS's Net Margin over 5 years: stood at 124.99% in 2022, then plunged by 90 bps to 12.71% in 2023, then sank by 43 bps to 7.31% in 2024, then retreated by 25 bps to 5.48% in 2025, then sank by 104 bps to 0.21% in 2026.
- The last three Net Margin figures came in at 0.21% (Q1 2026), 5.48% (Q4 2025), and 8.75% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.35 Bn | 21.62 Bn | 605.00 Mn | 40.01% |
| 2 | Nextpower | 13.27 Bn | 12.06 Bn | 335.85 Mn | 17.68% |
| 3 | Enphase Energy | 5.16 Bn | 4.22 Bn | 175.01 Mn | 12.36% |
| 4 | Sunrun | 2.24 Bn | 2.24 Bn | 527.54 Mn | -23.93% |
| 5 | Solaredge Technologies | 1.91 Bn | 1.33 Bn | 95.15 Mn | -8.88% |
| 6 | Shoals Technologies | 1.22 Bn | 1.21 Bn | 49.53 Mn | 7.43% |
| 7 | Canadian Solar | 990.32 Mn | -597.97 Mn | 124.40 Mn | -7.09% |
| 8 | JinkoSolar Holding | 843.95 Mn | -2.46 Bn | 147.66 Mn | 129.61% |
| 9 | Array Technologies | 730.09 Mn | 422.79 Mn | 99.60 Mn | 2.47% |
| 10 | Toyo | 175.21 Mn | 98.57 Mn | 47.76 Mn | 19.90% |
Historic Data
Download 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% |