Shoals Technologies (SHLS) Other Working Capital Changes (2020 - 2026)
Shoals Technologies' Other Working Capital Changes came in at $13.89 million for Q3 2026, down 45.1% from $25.28 million a year earlier and down 22.5% from the prior quarter.
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Analysis
Shoals Technologies (SHLS) Other Working Capital Changes (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Shoals Technologies reported Other Working Capital Changes of $40.83 million, down 24.9% year-over-year; for FY2025, it was $59.78 million, up 70.0% from FY2024.
- Going back by year, Other Working Capital Changes was $35.17 million in FY2024, -$17.9 million in FY2023, $18.48 million in FY2022 and -$7.73 million in FY2021.
- The five-year range for quarterly Other Working Capital Changes is -$12.35 million (Q4 2023) to $25.28 million (Q3 2025).
- Year-over-year, Other Working Capital Changes increased in three of the last six quarters, with growth averaging 28.8%.
- The fastest year-over-year change in Other Working Capital Changes over five years came in Q2 2022 (growth of 400.5%), and the weakest in Q1 2026 (a decline of 61.6%).
- Business Quant data shows SHLS's Other Working Capital Changes at $17.91 million (Q2 2026), $5.86 million (Q1 2026) and $3.17 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | GE Vernova | 212.47 Bn | 164.72 Bn | 3.11 Bn |
| 2 | Bloom Energy | 56.73 Bn | 46.66 Bn | 417.10 Mn |
| 3 | First Solar | 18.42 Bn | 9.79 Bn | 713.06 Mn |
| 4 | Nextpower | 14.32 Bn | 10.03 Bn | 345.32 Mn |
| 5 | BWX Technologies | 11.27 Bn | 9.04 Bn | 227.14 Mn |
| 6 | Generac Holdings | 11.25 Bn | 9.99 Bn | 516.04 Mn |
| 7 | Innio | 10.93 Bn | 7.17 Bn | 367.70 Mn |
| 8 | EnerSys | 5.13 Bn | 3.44 Bn | 284.35 Mn |
| 9 | Mirion Technologies | 4.30 Bn | 2.71 Bn | 131.50 Mn |
| 10 | Shoals Technologies | 1.40 Bn | 1.36 Bn | 62.40 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 13.89 Mn |
| Jun 30, 2026 | 17.91 Mn |
| Mar 31, 2026 | 5.86 Mn |
| Dec 31, 2025 | 3.17 Mn |
| Sep 30, 2025 | 25.28 Mn |
| Jun 30, 2025 | 16.08 Mn |
| Mar 31, 2025 | 15.25 Mn |
| Dec 31, 2024 | -2.22 Mn |
| Sep 30, 2024 | 7.06 Mn |
| Jun 30, 2024 | 13.47 Mn |
| Mar 31, 2024 | 16.85 Mn |
| Dec 31, 2023 | -12.35 Mn |
| Sep 30, 2023 | -6.89 Mn |
| Jun 30, 2023 | 7.21 Mn |
| Mar 31, 2023 | -5.88 Mn |
| Dec 31, 2022 | -9.99 Mn |
| Sep 30, 2022 | 19.55 Mn |
| Jun 30, 2022 | 10.17 Mn |
| Mar 31, 2022 | -1.25 Mn |
| Dec 31, 2021 | 4.27 Mn |
API Access
Shoals Technologies Other Working Capital Changes API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=other-working-capital-changes&ticker=SHLS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "other-working-capital-changes", "ticker": "SHLS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=other-working-capital-changes&ticker=SHLS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();