Shoals Technologies (SHLS) Net Margin (2020 - 2026)
Shoals Technologies (SHLS) reported Net Margin of 0.21% for Q1 2026, up 14.0% on a YoY basis from 0.19% in Q1 2025, and down 103.86% quarter-over-quarter from 5.48% in Q4 2025.
Shoals Technologies (SHLS) Net Margin (2020 - 2026) Analysis & Trends
Shoals Technologies has reported Net Margin for 7 years, with the latest figure at 0.21% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin rose 14.0% year-over-year to 0.21%; the trailing twelve-month figure through Mar 2026 stood at 6.27% (up 136.0% YoY), and the FY2025 full-year result was 7.06%, up 102.0% from the prior year.
- Net Margin for Q1 2026 stood at 0.21%, down from 5.48% in the prior quarter.
- The five-year high for Net Margin was 124.99% in Q4 2022, with the low at 7.32% in Q3 2023.
- Historically, Net Margin has averaged 14.33% across 5 years, with a median of 8.75% in 2025.
- Annual changes were most pronounced in 2022 — Net Margin soared 12947 bps — and 2023, when it plunged 11227 bps.
- Shoals Technologies' Net Margin 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 | 28.68 Bn | 26.25 Bn | 486.13 Mn | 33.19% |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | 17.10% |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | -2.63% |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | -18.48% |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | -41.17% |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | -0.21% |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | -6.06% |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn | -3.78% |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn | -6.95% |
| 10 | Skycorp Solar | 110.38 Mn | 103.60 Mn | - | - |
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% |