Shoals Technologies (SHLS) Operating Income (2020 - 2026)
Shoals Technologies' (SHLS) quarterly Operating Income came in at $7.7 million in Q1 2026, up 78.99% YoY from $4.3 million in Q1 2025, and down 55.65% on a QoQ basis from $17.4 million in Q4 2025.
Shoals Technologies (SHLS) Operating Income (2020 - 2026) Analysis & Trends
Shoals Technologies (SHLS) has 7 years of Operating Income data on file, last reported at $7.7 million in Q1 2026.
- Quarterly Operating Income rose 78.99% year-over-year to $7.7 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $59.8 million (up 36.2% YoY) and the FY2025 annual result came in at $56.4 million, up 10.19% from the prior year.
- Operating Income eased to $7.7 million in Q1 2026, from $17.4 million in the prior quarter.
- In the past five years, Operating Income ranged from a high of $31.9 million in Q4 2023 to a low of -$10.6 million in Q3 2023.
- A 5-year average of $15.3 million and a median of $16.5 million in 2024 frame the typical range for Operating Income.
- Annual changes were most pronounced in 2022 — Operating Income soared 772.16% — and 2023, when it sank 152.95%.
- Tracing SHLS's Operating Income over 5 years: stood at $23.4 million in 2022, then soared by 36.35% to $31.9 million in 2023, then plunged by 48.28% to $16.5 million in 2024, then climbed by 5.59% to $17.4 million in 2025, then plunged by 55.65% to $7.7 million in 2026.
- The last three Operating Income figures came in at $7.7 million (Q1 2026), $17.4 million (Q4 2025), and $18.7 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 450.39 Mn |
| 2 | Nextpower | 13.25 Bn | 12.03 Bn | 335.85 Mn | 190.91 Mn |
| 3 | Enphase Energy | 5.07 Bn | 4.13 Bn | 175.01 Mn | 51.52 Mn |
| 4 | Sunrun | 2.24 Bn | 2.24 Bn | 527.54 Mn | 34.79 Mn |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | -16.05 Mn |
| 6 | Shoals Technologies | 1.24 Bn | 1.22 Bn | 49.53 Mn | 18.72 Mn |
| 7 | Canadian Solar | 991.33 Mn | -596.96 Mn | 124.40 Mn | -64.06 Mn |
| 8 | JinkoSolar Holding | 831.90 Mn | -2.48 Bn | 147.66 Mn | -85.26 Mn |
| 9 | Array Technologies | 727.79 Mn | 420.48 Mn | 99.60 Mn | 34.77 Mn |
| 10 | Toyo | 170.12 Mn | 93.48 Mn | 47.76 Mn | 36.27 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 18.72 Mn |
| Mar 31, 2026 | 7.72 Mn |
| Dec 31, 2025 | 17.40 Mn |
| Sep 30, 2025 | 18.67 Mn |
| Jun 30, 2025 | 16.00 Mn |
| Mar 31, 2025 | 4.31 Mn |
| Dec 31, 2024 | 16.48 Mn |
| Sep 30, 2024 | 4.52 Mn |
| Jun 30, 2024 | 18.58 Mn |
| Mar 31, 2024 | 11.58 Mn |
| Dec 31, 2023 | 31.87 Mn |
| Sep 30, 2023 | -10.57 Mn |
| Jun 30, 2023 | 31.64 Mn |
| Mar 31, 2023 | 26.10 Mn |
| Dec 31, 2022 | 23.37 Mn |
| Sep 30, 2022 | 19.97 Mn |
| Jun 30, 2022 | 12.98 Mn |
| Mar 31, 2022 | 10.01 Mn |
| Dec 31, 2021 | 2.68 Mn |
| Sep 30, 2021 | 9.56 Mn |