Shoals Technologies (SHLS) Revenue (2020 - 2026)
Shoals Technologies' Revenue was $195.31 million in Q3 2026, up 43.8% from $135.8 million a year earlier and up 19.5% from the prior quarter.
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Analysis
Shoals Technologies (SHLS) Revenue (2020 - 2026) Analysis & Trends
On a trailing twelve-month basis, Shoals Technologies' Revenue was $647.56 million through Sep 30, 2026, up 49.2% year-over-year; for FY2025, it was $475.33 million, up 19.1% from FY2024.
- Revenue shows a five-year compound annual growth rate of 22.0% (FY2020 to FY2025).
- In earlier years, Revenue was $399.21 million in FY2024 (-18.4%), $488.94 million in FY2023 (+49.6%), $326.94 million in FY2022 (+53.3%) and $213.21 million in FY2021 (+21.5%).
- The Q3 2026 figure marks the highest quarterly Revenue in data going back to Q1 2020.
- Compared with a year earlier, Revenue has increased for six straight quarters, with growth averaging 27.5% over the last eight quarters.
- The best year-over-year quarter for Revenue over five years was Q4 2022 (growth of 97.0%); the worst was Q3 2024 (a decline of 23.9%).
- Per Business Quant data, SHLS's Revenue in the three quarters before Q3 2026 was $163.37 million (Q2 2026), $140.56 million (Q1 2026) and $148.33 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 212.47 Bn | 164.72 Bn | 3.11 Bn | 12.64 Bn |
| 2 | Bloom Energy | 56.73 Bn | 46.66 Bn | 417.10 Mn | 1.24 Bn |
| 3 | First Solar | 18.42 Bn | 9.79 Bn | 713.06 Mn | 1.23 Bn |
| 4 | Nextpower | 14.32 Bn | 10.03 Bn | 345.32 Mn | 1.11 Bn |
| 5 | BWX Technologies | 11.27 Bn | 9.04 Bn | 227.14 Mn | 952.97 Mn |
| 6 | Generac Holdings | 11.25 Bn | 9.99 Bn | 516.04 Mn | 1.29 Bn |
| 7 | Innio | 10.93 Bn | 7.17 Bn | 367.70 Mn | 1.17 Bn |
| 8 | EnerSys | 5.13 Bn | 3.44 Bn | 284.35 Mn | 949.90 Mn |
| 9 | Mirion Technologies | 4.30 Bn | 2.71 Bn | 131.50 Mn | 277.80 Mn |
| 10 | Shoals Technologies | 1.40 Bn | 1.36 Bn | 62.40 Mn | 195.31 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 195.31 Mn |
| Jun 30, 2026 | 163.37 Mn |
| Mar 31, 2026 | 140.56 Mn |
| Dec 31, 2025 | 148.33 Mn |
| Sep 30, 2025 | 135.80 Mn |
| Jun 30, 2025 | 110.84 Mn |
| Mar 31, 2025 | 80.36 Mn |
| Dec 31, 2024 | 106.99 Mn |
| Sep 30, 2024 | 102.17 Mn |
| Jun 30, 2024 | 99.25 Mn |
| Mar 31, 2024 | 90.81 Mn |
| Dec 31, 2023 | 130.44 Mn |
| Sep 30, 2023 | 134.21 Mn |
| Jun 30, 2023 | 119.21 Mn |
| Mar 31, 2023 | 105.09 Mn |
| Dec 31, 2022 | 94.65 Mn |
| Sep 30, 2022 | 90.82 Mn |
| Jun 30, 2022 | 73.49 Mn |
| Mar 31, 2022 | 67.98 Mn |
| Dec 31, 2021 | 48.05 Mn |
API Access
Shoals Technologies Revenue 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=revenue&ticker=SHLS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "revenue", "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=revenue&ticker=SHLS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();