Shoals Technologies (SHLS) Share-based Compensation (2020 - 2026)
Shoals Technologies (SHLS) recorded Share-based Compensation of $4.1 million in Q3 2026, up 69.4% from $2.42 million a year earlier but down 6.5% from the prior quarter.
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Analysis
Shoals Technologies (SHLS) Share-based Compensation (2020 - 2026) Analysis & Trends
On a TTM basis, Shoals Technologies' Share-based Compensation came in at $14.02 million as of Sep 30, 2026, up 21.8% year-over-year; for FY2025, it came in at $9.9 million, down 30.4% from FY2024.
- Annual Share-based Compensation has a five-year compound annual growth rate of 3.7% (FY2020 to FY2025).
- Across earlier years, Share-based Compensation came in at $14.23 million in FY2024 (-31.8%), $20.86 million in FY2023 (+29.5%), $16.11 million in FY2022 (+42.7%) and $11.29 million in FY2021 (+36.8%).
- Quarterly Share-based Compensation has ranged from $1.28 million in Q3 2024 to $7.52 million in Q1 2023 over the past five years.
- On a year-over-year basis, Share-based Compensation has increased for three consecutive quarters, with growth averaging 15.9% over the last eight quarters.
- Peak year-over-year performance for Share-based Compensation in the last five years was growth of 373.1% in Q4 2021, against a decline of 74.8% in Q3 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $4.38 million (Q2 2026), $3.32 million (Q1 2026) and $2.23 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Stock Comp. (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 212.47 Bn | 164.72 Bn | 3.11 Bn | - |
| 2 | Bloom Energy | 56.73 Bn | 46.66 Bn | 417.10 Mn | 57.21 Mn |
| 3 | First Solar | 18.42 Bn | 9.79 Bn | 713.06 Mn | 9.08 Mn |
| 4 | Nextpower | 14.32 Bn | 10.03 Bn | 345.32 Mn | - |
| 5 | BWX Technologies | 11.27 Bn | 9.04 Bn | 227.14 Mn | 9.77 Mn |
| 6 | Generac Holdings | 11.25 Bn | 9.99 Bn | 516.04 Mn | 13.04 Mn |
| 7 | Innio | 10.93 Bn | 7.17 Bn | 367.70 Mn | - |
| 8 | EnerSys | 5.13 Bn | 3.44 Bn | 284.35 Mn | 6.35 Mn |
| 9 | Mirion Technologies | 4.30 Bn | 2.71 Bn | 131.50 Mn | 7.10 Mn |
| 10 | Shoals Technologies | 1.40 Bn | 1.36 Bn | 62.40 Mn | 4.10 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 4.10 Mn |
| Jun 30, 2026 | 4.38 Mn |
| Mar 31, 2026 | 3.32 Mn |
| Dec 31, 2025 | 2.23 Mn |
| Sep 30, 2025 | 2.42 Mn |
| Jun 30, 2025 | 2.59 Mn |
| Mar 31, 2025 | 2.66 Mn |
| Dec 31, 2024 | 3.84 Mn |
| Sep 30, 2024 | 1.28 Mn |
| Jun 30, 2024 | 4.09 Mn |
| Mar 31, 2024 | 5.02 Mn |
| Dec 31, 2023 | 3.80 Mn |
| Sep 30, 2023 | 5.09 Mn |
| Jun 30, 2023 | 4.45 Mn |
| Mar 31, 2023 | 7.52 Mn |
| Dec 31, 2022 | 4.22 Mn |
| Sep 30, 2022 | 3.99 Mn |
| Jun 30, 2022 | 4.07 Mn |
| Mar 31, 2022 | 3.83 Mn |
| Dec 31, 2021 | 4.88 Mn |
API Access
Shoals Technologies Share-based Compensation 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=share-based-compensation&ticker=SHLS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "share-based-compensation", "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=share-based-compensation&ticker=SHLS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();