Shoals Technologies (SHLS) Return on Equity [ROE] (2022 - 2026)
Shoals Technologies (SHLS) recorded Return on Equity [ROE] of 5.22% in Q2 2026, up 1.50 percentage points from 3.72% a year earlier but down 0.36 percentage points from the prior quarter.
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Analysis
Shoals Technologies (SHLS) Return on Equity [ROE] (2022 - 2026) Analysis & Trends
For FY2025, Shoals Technologies reported Return on Equity [ROE] of 5.80%, up 1.43 percentage points from FY2024.
- Annual Return on Equity [ROE] has a three-year change of -91.65 percentage points (FY2022 to FY2025).
- Across earlier years, Return on Equity [ROE] came in at 4.38% in FY2024 (-5.71 pp), 10.09% in FY2023 (-87.37 pp) and 97.46% in FY2022.
- Quarterly Return on Equity [ROE] has ranged from 3.42% in Q1 2025 to 431.24% in Q2 2022 over the past five years.
- On a year-over-year basis, Return on Equity [ROE] has increased for three consecutive quarters, with an average year-over-year change of -2.87 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Equity [ROE] in the last five years was a gain of 2.17 percentage points in Q1 2026, against a drop of 398.99 percentage points in Q2 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 5.59% (Q1 2026), 5.64% (Q4 2025) and 5.71% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 252.99 Bn | 214.06 Bn | 2.36 Bn | 67.58% |
| 2 | Bloom Energy | 81.25 Bn | 73.07 Bn | 355.57 Mn | 19.39% |
| 3 | First Solar | 18.82 Bn | 9.78 Bn | 605.00 Mn | 17.29% |
| 4 | BWX Technologies | 12.55 Bn | 10.85 Bn | 202.31 Mn | 27.24% |
| 5 | Generac Holdings | 12.21 Bn | 11.04 Bn | 521.81 Mn | 9.34% |
| 6 | Nextpower | 11.82 Bn | 7.71 Bn | 335.85 Mn | 24.29% |
| 7 | EnerSys | 6.67 Bn | 4.86 Bn | 313.36 Mn | 18.16% |
| 8 | Enphase Energy | 4.36 Bn | -500.13 Mn | 175.01 Mn | 11.73% |
| 9 | Mirion Technologies | 3.45 Bn | 1.34 Bn | 133.10 Mn | 1.36% |
| 10 | Shoals Technologies | 1.36 Bn | 1.33 Bn | 49.53 Mn | 5.22% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.22% |
| Mar 31, 2026 | 5.59% |
| Dec 31, 2025 | 5.64% |
| Sep 30, 2025 | 5.71% |
| Jun 30, 2025 | 3.72% |
| Mar 31, 2025 | 3.42% |
| Dec 31, 2024 | 4.38% |
| Sep 30, 2024 | 6.04% |
| Jun 30, 2024 | 4.25% |
| Mar 31, 2024 | 5.54% |
| Dec 31, 2023 | 7.98% |
| Sep 30, 2023 | 27.40% |
| Jun 30, 2023 | 32.25% |
| Mar 31, 2023 | 38.50% |
| Dec 31, 2022 | 88.37% |
| Sep 30, 2022 | 145.03% |
| Jun 30, 2022 | 431.24% |
API Access
Shoals Technologies Return on Equity [ROE] 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-equity-%5Broe%5D&ticker=SHLS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "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-equity-%5Broe%5D&ticker=SHLS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();