Shoals Technologies (SHLS) Retained Earnings (2021 - 2026)
Shoals Technologies' (SHLS) quarterly Retained Earnings came in at $498.5 million in Q2 2026, up 2.04% on a YoY basis from $488.5 million in Q2 2025, and up 0.69% quarter-over-quarter from $495.1 million in Q1 2026.
Analysis
Shoals Technologies (SHLS) Retained Earnings (2021 - 2026) Analysis & Trends
Shoals Technologies (SHLS) has reported Retained Earnings for 6 consecutive years, with $498.5 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Retained Earnings rose 2.04% year-over-year to $498.5 million; the trailing twelve-month figure through Jun 2026 stood at $498.5 million (up 2.04% YoY), and the FY2025 full-year result was $493.1 million, up 1.97% from the prior year.
- Retained Earnings advanced to $498.5 million in Q2 2026 per SHLS's latest filing, from $495.1 million in the prior quarter.
- Across five years, Retained Earnings topped out at $498.5 million in Q2 2026 and bottomed at $98.4 million in Q1 2022.
- Historically, Retained Earnings has averaged $404.2 million across 5 years, with a median of $472.6 million in 2023.
- The sharpest annual moves came in 2023 and 2024: Retained Earnings jumped 364.85% in 2023, then rose 1.53% in 2024.
- Over 5 years, Retained Earnings stood at $256.9 million in 2022, then soared by 83.17% to $470.5 million in 2023, then gained by 2.76% to $483.6 million in 2024, then grew by 1.97% to $493.1 million in 2025, then gained by 1.1% to $498.5 million in 2026.
- According to Business Quant data, Retained Earnings over the past three periods registered $498.5 million, $495.1 million, and $493.1 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 21.45 Bn | 19.72 Bn | 605.00 Mn | 7.56 Bn |
| 2 | Nextpower | 11.99 Bn | 10.78 Bn | 335.85 Mn | 4.36 Bn |
| 3 | Enphase Energy | 4.75 Bn | 3.81 Bn | 175.01 Mn | 1.36 Bn |
| 4 | Solaredge Technologies | 2.13 Bn | 1.55 Bn | 95.15 Mn | 1.93 Bn |
| 5 | T1 Energy | 1.30 Bn | 1.08 Bn | 49.10 Mn | 1.37 Bn |
| 6 | Shoals Technologies | 1.16 Bn | 1.14 Bn | 49.53 Mn | 498.50 Mn |
| 7 | Canadian Solar | 874.94 Mn | -591.57 Mn | 168.48 Mn | 1.37 Bn |
| 8 | Array Technologies | 677.78 Mn | 370.48 Mn | 99.60 Mn | -396.52 Mn |
| 9 | JinkoSolar Holding | 612.93 Mn | -2.07 Bn | 75.62 Mn | - |
| 10 | Toyo | 130.33 Mn | 20.29 Mn | 36.97 Mn | 135.70 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 498.50 Mn |
| Mar 31, 2026 | 495.06 Mn |
| Dec 31, 2025 | 493.09 Mn |
| Sep 30, 2025 | 490.88 Mn |
| Jun 30, 2025 | 488.53 Mn |
| Mar 31, 2025 | 485.96 Mn |
| Dec 31, 2024 | 483.55 Mn |
| Sep 30, 2024 | 479.76 Mn |
| Jun 30, 2024 | 468.79 Mn |
| Mar 31, 2024 | 474.75 Mn |
| Dec 31, 2023 | 470.54 Mn |
| Sep 30, 2023 | 466.77 Mn |
| Jun 30, 2023 | 461.71 Mn |
| Mar 31, 2023 | 457.30 Mn |
| Dec 31, 2022 | 256.89 Mn |
| Sep 30, 2022 | 104.54 Mn |
| Jun 30, 2022 | 101.24 Mn |
| Mar 31, 2022 | 98.38 Mn |
| Dec 31, 2021 | 95.68 Mn |
| Sep 30, 2021 | 92.15 Mn |