Shoals Technologies (SHLS) Return on Equity [ROE] (2022 - 2026)
Shoals Technologies (SHLS) recorded Return on Equity [ROE] of 6.03% in Q3 2026, up 0.32 percentage points from 5.71% a year earlier and up 0.80 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.
- The Q3 2026 figure is the highest quarterly Return on Equity [ROE] since Q3 2024.
- On a year-over-year basis, Return on Equity [ROE] has increased for four consecutive quarters, with an average year-over-year change of -0.16 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 5.22% (Q2 2026), 5.59% (Q1 2026) and 5.64% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 212.47 Bn | 164.72 Bn | 3.11 Bn | 80.75% |
| 2 | Bloom Energy | 56.73 Bn | 46.66 Bn | 417.10 Mn | 29.02% |
| 3 | First Solar | 18.42 Bn | 9.79 Bn | 713.06 Mn | 17.56% |
| 4 | Nextpower | 14.32 Bn | 10.03 Bn | 345.32 Mn | 23.55% |
| 5 | BWX Technologies | 11.27 Bn | 9.04 Bn | 227.14 Mn | 27.32% |
| 6 | Generac Holdings | 11.25 Bn | 9.99 Bn | 516.04 Mn | 10.25% |
| 7 | Innio | 10.93 Bn | 7.17 Bn | 367.70 Mn | 31.20% |
| 8 | EnerSys | 5.13 Bn | 3.44 Bn | 284.35 Mn | 19.25% |
| 9 | Mirion Technologies | 4.30 Bn | 2.71 Bn | 131.50 Mn | 1.63% |
| 10 | Shoals Technologies | 1.40 Bn | 1.36 Bn | 62.40 Mn | 6.03% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 6.03% |
| 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();