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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Shoals Technologies (SHLS) Operating Margin (2020 - 2025)

Shoals Technologies' Operating Margin history spans 6 years, with the latest figure at 11.73% for Q4 2025.

  • For Q4 2025, Operating Margin fell 367.0% year-over-year to 11.73%; the TTM value through Dec 2025 reached 11.86%, down 96.0%, while the annual FY2025 figure was 11.86%, 96.0% down from the prior year.
  • Operating Margin reached 11.73% in Q4 2025 per SHLS's latest filing, down from 13.75% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 26.54% in Q2 2023 to a low of 7.88% in Q3 2023.
  • Average Operating Margin over 5 years is 15.52%, with a median of 15.69% recorded in 2024.
  • Peak YoY movement for Operating Margin: surged 1912bps in 2022, then plummeted -2986bps in 2023.
  • A 5-year view of Operating Margin shows it stood at 5.58% in 2021, then soared by 343bps to 24.69% in 2022, then decreased by -1bps to 24.43% in 2023, then tumbled by -37bps to 15.41% in 2024, then decreased by -24bps to 11.73% in 2025.
  • Per Business Quant, the three most recent readings for SHLS's Operating Margin are 11.73% (Q4 2025), 13.75% (Q3 2025), and 14.43% (Q2 2025).