Shoals Technologies (SHLS) Return on Capital Employed [ROCE] (2021 - 2026)
Shoals Technologies (SHLS) reported Return on Capital Employed [ROCE] of 7.27% for Q2 2026, up 1.46 percentage points from 5.82% a year earlier but down 0.60 percentage points from the prior quarter.
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Analysis
Shoals Technologies (SHLS) Return on Capital Employed [ROCE] (2021 - 2026) Analysis & Trends
For FY2025, Shoals Technologies posted Return on Capital Employed [ROCE] of 7.82%, up 0.88 percentage points from FY2024.
- Return on Capital Employed [ROCE] has a four-year change of -5.15 percentage points (FY2021 to FY2025).
- By year, Return on Capital Employed [ROCE] came in at 6.94% in FY2024 (-5.67 pp), 12.61% in FY2023 (-1.87 pp), 14.48% in FY2022 (+1.51 pp) and 12.97% in FY2021.
- Five-year quarterly Return on Capital Employed [ROCE] spans a low of 5.82% in Q2 2025 and a high of 13.92% in Q3 2021.
- Year over year, Return on Capital Employed [ROCE] has now increased in each of the last three quarters, with an average year-over-year change of -0.67 percentage points over the last eight quarters.
- The high point for year-over-year Return on Capital Employed [ROCE] in five years was Q2 2023 (a gain of 5.54 percentage points); the low point was Q2 2022 (a drop of 11.43 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 7.88% (Q1 2026), 7.51% (Q4 2025) and 7.58% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 263.36 Bn | 224.44 Bn | 2.36 Bn | 8.04% |
| 2 | Bloom Energy | 84.85 Bn | 76.67 Bn | 355.57 Mn | 8.69% |
| 3 | First Solar | 18.77 Bn | 9.72 Bn | 605.00 Mn | 16.07% |
| 4 | Generac Holdings | 12.79 Bn | 11.62 Bn | 521.81 Mn | 9.38% |
| 5 | Nextpower | 12.78 Bn | 8.68 Bn | 335.85 Mn | 23.08% |
| 6 | BWX Technologies | 12.36 Bn | 10.66 Bn | 202.31 Mn | 11.64% |
| 7 | EnerSys | 7.13 Bn | 5.32 Bn | 313.36 Mn | 15.27% |
| 8 | Enphase Energy | 4.42 Bn | -436.70 Mn | 175.01 Mn | 4.90% |
| 9 | Mirion Technologies | 3.57 Bn | 1.46 Bn | 133.10 Mn | 1.68% |
| 10 | Shoals Technologies | 1.40 Bn | 1.36 Bn | 49.53 Mn | 7.27% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 7.27% |
| Mar 31, 2026 | 7.88% |
| Dec 31, 2025 | 7.51% |
| Sep 30, 2025 | 7.58% |
| Jun 30, 2025 | 5.82% |
| Mar 31, 2025 | 6.18% |
| Dec 31, 2024 | 7.14% |
| Sep 30, 2024 | 9.47% |
| Jun 30, 2024 | 7.06% |
| Mar 31, 2024 | 8.55% |
| Dec 31, 2023 | 10.55% |
| Sep 30, 2023 | 9.47% |
| Jun 30, 2023 | 13.72% |
| Mar 31, 2023 | 12.94% |
| Dec 31, 2022 | 13.01% |
| Sep 30, 2022 | 10.30% |
| Jun 30, 2022 | 8.19% |
| Mar 31, 2022 | 8.83% |
| Dec 31, 2021 | 9.71% |
| Sep 30, 2021 | 13.92% |
API Access
Shoals Technologies Return on Capital Employed [ROCE] 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-capital-employed-%5Broce%5D&ticker=SHLS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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-capital-employed-%5Broce%5D&ticker=SHLS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();