Shoals Technologies (SHLS) Return on Assets [ROA] (2021 - 2026)
Shoals Technologies (SHLS) posted Return on Assets [ROA] of 3.11% for Q2 2026, up 0.44 percentage points from 2.67% a year earlier but down 0.36 percentage points from the prior quarter.
Powered by 
Analysis
Shoals Technologies (SHLS) Return on Assets [ROA] (2021 - 2026) Analysis & Trends
For FY2025, Shoals Technologies' Return on Assets [ROA] came in at 3.96%, up 1.01 percentage points from FY2024.
- Annual Return on Assets [ROA] shows a four-year change of +2.69 percentage points (FY2021 to FY2025).
- In prior years, Shoals Technologies' Return on Assets [ROA] was 2.95% in FY2024 (-2.98 pp), 5.93% in FY2023 (-22.08 pp), 28.01% in FY2022 (+26.74 pp) and 1.27% in FY2021.
- Quarterly Return on Assets [ROA] has run from a low of 0.31% in Q4 2021 to a high of 25.43% in Q4 2022 over five years.
- On a year-over-year basis, Return on Assets [ROA] has increased in each of the last three quarters, with an average year-over-year change of -1.82 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Return on Assets [ROA] in the past five years was Q4 2022, with a gain of 25.12 percentage points; the weakest was Q4 2023, with a drop of 20.36 percentage points.
- According to Business Quant data, Return on Assets [ROA] for the three prior quarters was 3.47% (Q1 2026), 3.82% (Q4 2025) and 4.04% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROA (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 252.99 Bn | 214.06 Bn | 2.36 Bn | 12.18% |
| 2 | Bloom Energy | 81.25 Bn | 73.07 Bn | 355.57 Mn | 4.88% |
| 3 | First Solar | 18.82 Bn | 9.78 Bn | 605.00 Mn | 13.06% |
| 4 | BWX Technologies | 12.55 Bn | 10.85 Bn | 202.31 Mn | 8.14% |
| 5 | Generac Holdings | 12.21 Bn | 11.04 Bn | 521.81 Mn | 4.56% |
| 6 | Nextpower | 11.82 Bn | 7.71 Bn | 335.85 Mn | 14.25% |
| 7 | EnerSys | 6.67 Bn | 4.86 Bn | 313.36 Mn | 8.86% |
| 8 | Enphase Energy | 4.36 Bn | -500.13 Mn | 175.01 Mn | 4.75% |
| 9 | Mirion Technologies | 3.45 Bn | 1.34 Bn | 133.10 Mn | 0.73% |
| 10 | Shoals Technologies | 1.36 Bn | 1.33 Bn | 49.53 Mn | 3.11% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.11% |
| Mar 31, 2026 | 3.47% |
| Dec 31, 2025 | 3.82% |
| Sep 30, 2025 | 4.04% |
| Jun 30, 2025 | 2.67% |
| Mar 31, 2025 | 2.41% |
| Dec 31, 2024 | 3.03% |
| Sep 30, 2024 | 4.14% |
| Jun 30, 2024 | 2.89% |
| Mar 31, 2024 | 3.65% |
| Dec 31, 2023 | 5.07% |
| Sep 30, 2023 | 17.41% |
| Jun 30, 2023 | 20.52% |
| Mar 31, 2023 | 22.14% |
| Dec 31, 2022 | 25.43% |
| Sep 30, 2022 | 4.40% |
| Jun 30, 2022 | 3.10% |
| Mar 31, 2022 | 3.76% |
| Dec 31, 2021 | 0.31% |
| Sep 30, 2021 | 2.34% |
API Access
Shoals Technologies Return on Assets [ROA] 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=return-on-assets-%5Broa%5D&ticker=SHLS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-assets-[roa]", "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=return-on-assets-%5Broa%5D&ticker=SHLS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();