Shoals Technologies (SHLS) Price to Sales (2021 - 2026)
Shoals Technologies' (SHLS) quarterly Price to Sales came in at 10.2 in Q2 2026, up 58.92% on a YoY basis from 6.42 in Q2 2025, and up 29.84% quarter-over-quarter from 7.85 in Q1 2026.
Analysis
Shoals Technologies (SHLS) Price to Sales (2021 - 2026) Analysis & Trends
Shoals Technologies (SHLS) has reported Price to Sales for 6 consecutive years, with 10.2 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Price to Sales rose 58.92% year-over-year to 10.2; the trailing twelve-month figure through Jun 2026 stood at 2.83 (up 59.47% YoY), and the FY2025 full-year result was 2.99, up 29.62% from the prior year.
- Price to Sales climbed to 10.2 in Q2 2026 per SHLS's latest filing, from 7.85 in the prior quarter.
- Across five years, Price to Sales topped out at 44.13 in Q4 2022 and bottomed at 6.42 in Q2 2025.
- Historically, Price to Sales has averaged 21.07 across 5 years, with a median of 15.42 in 2023.
- The sharpest annual moves came in 2024 and 2026: Price to Sales slumped 70.96% in 2024, then surged 58.92% in 2026.
- Over 5 years, Price to Sales stood at 44.13 in 2022, then sank by 54.08% to 20.27 in 2023, then slumped by 57.47% to 8.62 in 2024, then rose by 11.33% to 9.6 in 2025, then advanced by 6.27% to 10.2 in 2026.
- According to Business Quant data, Price to Sales over the past three periods registered 10.2, 7.85, and 9.6 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | First Solar | 21.97 Bn | 20.25 Bn | 605.00 Mn |
| 2 | Nextpower | 12.81 Bn | 11.60 Bn | 335.85 Mn |
| 3 | Enphase Energy | 4.81 Bn | 3.87 Bn | 175.01 Mn |
| 4 | Solaredge Technologies | 2.10 Bn | 1.52 Bn | 95.15 Mn |
| 5 | T1 Energy | 1.29 Bn | 1.14 Bn | 49.10 Mn |
| 6 | Shoals Technologies | 1.20 Bn | 1.18 Bn | 49.53 Mn |
| 7 | Canadian Solar | 896.45 Mn | 597.20 Mn | 168.48 Mn |
| 8 | Array Technologies | 708.44 Mn | 401.13 Mn | 99.60 Mn |
| 9 | JinkoSolar Holding | 627.24 Mn | -480.04 Mn | 75.62 Mn |
| 10 | Toyo | 133.94 Mn | 23.90 Mn | 36.97 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 10.20 |
| Mar 31, 2026 | 7.85 |
| Dec 31, 2025 | 9.60 |
| Sep 30, 2025 | 9.13 |
| Jun 30, 2025 | 6.42 |
| Mar 31, 2025 | 6.91 |
| Dec 31, 2024 | 8.62 |
| Sep 30, 2024 | 9.15 |
| Jun 30, 2024 | 10.58 |
| Mar 31, 2024 | 20.98 |
| Dec 31, 2023 | 20.27 |
| Sep 30, 2023 | 23.12 |
| Jun 30, 2023 | 36.43 |
| Mar 31, 2023 | 36.83 |
| Dec 31, 2022 | 44.13 |
| Sep 30, 2022 | 39.70 |
| Jun 30, 2022 | 37.49 |
| Mar 31, 2022 | 41.90 |
| Dec 31, 2021 | 84.38 |
| Sep 30, 2021 | 77.73 |