Shoals Technologies (SHLS) Return on Sales [ROS] (2020 - 2026)
Shoals Technologies (SHLS) posted Return on Sales [ROS] of 11.46% for Q2 2026, down 2.97 percentage points from 14.43% a year earlier but up 5.97 percentage points from the prior quarter.
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Analysis
Shoals Technologies (SHLS) Return on Sales [ROS] (2020 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Return on Sales [ROS] at Shoals Technologies was 10.63%, up 0.31 percentage points year-over-year; for FY2025, it was 11.86%, down 0.96 percentage points from FY2024.
- Annual Return on Sales [ROS] has declined for three consecutive years, with a five-year change of -9.38 percentage points (FY2020 to FY2025).
- In prior years, Shoals Technologies' Return on Sales [ROS] was 12.82% in FY2024 (-3.35 pp), 16.16% in FY2023 (-4.12 pp), 20.29% in FY2022 (+3.29 pp) and 16.99% in FY2021 (-4.24 pp).
- Quarterly Return on Sales [ROS] has run from a low of -7.88% in Q3 2023 to a high of 26.54% in Q2 2023 over five years.
- On a year-over-year basis, Return on Sales [ROS] increased in three of the last eight quarters, with an average year-over-year change of -0.70 percentage points.
- The strongest year-over-year quarter for Return on Sales [ROS] in the past five years was Q4 2022, with a gain of 19.12 percentage points; the weakest was Q3 2023, with a drop of 29.86 percentage points.
- According to Business Quant data, Return on Sales [ROS] for the three prior quarters was 5.49% (Q1 2026), 11.73% (Q4 2025) and 13.75% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROS (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 263.36 Bn | 224.44 Bn | 2.36 Bn | 5.88% |
| 2 | Bloom Energy | 84.85 Bn | 76.67 Bn | 355.57 Mn | 17.11% |
| 3 | First Solar | 18.77 Bn | 9.72 Bn | 605.00 Mn | 42.64% |
| 4 | Generac Holdings | 12.79 Bn | 11.62 Bn | 521.81 Mn | 17.93% |
| 5 | Nextpower | 12.78 Bn | 8.68 Bn | 335.85 Mn | 20.41% |
| 6 | BWX Technologies | 12.36 Bn | 10.66 Bn | 202.31 Mn | 12.66% |
| 7 | EnerSys | 7.13 Bn | 5.32 Bn | 313.36 Mn | 16.18% |
| 8 | Enphase Energy | 4.42 Bn | -436.70 Mn | 175.01 Mn | 17.65% |
| 9 | Mirion Technologies | 3.57 Bn | 1.46 Bn | 133.10 Mn | 6.71% |
| 10 | Shoals Technologies | 1.40 Bn | 1.36 Bn | 49.53 Mn | 11.46% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.46% |
| Mar 31, 2026 | 5.49% |
| Dec 31, 2025 | 11.73% |
| Sep 30, 2025 | 13.75% |
| Jun 30, 2025 | 14.43% |
| Mar 31, 2025 | 5.37% |
| Dec 31, 2024 | 15.41% |
| Sep 30, 2024 | 4.43% |
| Jun 30, 2024 | 18.72% |
| Mar 31, 2024 | 12.76% |
| Dec 31, 2023 | 24.43% |
| Sep 30, 2023 | -7.88% |
| Jun 30, 2023 | 26.54% |
| Mar 31, 2023 | 24.84% |
| Dec 31, 2022 | 24.69% |
| Sep 30, 2022 | 21.98% |
| Jun 30, 2022 | 17.67% |
| Mar 31, 2022 | 14.72% |
| Dec 31, 2021 | 5.58% |
| Sep 30, 2021 | 15.98% |
API Access
Shoals Technologies Return on Sales [ROS] 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-sales-%5Bros%5D&ticker=SHLS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-sales-[ros]", "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-sales-%5Bros%5D&ticker=SHLS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();