Shoals Technologies (SHLS) Operating Margin (2020 - 2026)

Shoals Technologies (SHLS) has 7 years of Operating Margin data on file, last reported at 5.49% in Q1 2026.

• For the quarter ending Q1 2026, Operating Margin rose 13.0% year-over-year to 5.49%; the trailing twelve-month figure through Mar 2026 stood at 11.16% (down 13.0% YoY), and the FY2025 full-year result was 11.86%, down 96.0% from the prior year.
• Operating Margin for Q1 2026 stood at 5.49%, down from 11.73% in the prior quarter.
• Across five years, Operating Margin topped out at 26.54% in Q2 2023 and bottomed at 7.88% in Q3 2023.
• The 5-year median for Operating Margin is 14.72% (2022), against an average of 14.65%.
• The widest annual swing landed in 2022, when Operating Margin jumped 1912 bps; it then plunged 2986 bps in 2023.
• A 5-year view of Operating Margin shows it stood at 24.69% in 2022, then retreated by 1 bps to 24.43% in 2023, then tumbled by 37 bps to 15.41% in 2024, then retreated by 24 bps to 11.73% in 2025, then sank by 53 bps to 5.49% in 2026.
• The last three Operating Margin figures came in at 5.49% (Q1 2026), 11.73% (Q4 2025), and 13.75% (Q3 2025), per Business Quant data.

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