Shoals Technologies (SHLS) Tax Rate (2021 - 2026)
Shoals Technologies' (SHLS) quarterly Tax Rate came in at 21.67% in Q2 2026, up 330.0% on a YoY basis from 5.04% in Q2 2025, and down 6.02% quarter-over-quarter from 23.06% in Q1 2026.
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Shoals Technologies (SHLS) Tax Rate (2021 - 2026) Analysis & Trends
Shoals Technologies (SHLS) has reported Tax Rate for 6 consecutive years, with 21.67% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Tax Rate rose 330.0% year-over-year to 21.67%; the trailing twelve-month figure through Jun 2026 stood at 28.67% (down 940.0% YoY), and the FY2025 full-year result was 30.8%, down 548.0% from the prior year.
- Tax Rate eased to 21.67% in Q2 2026 per SHLS's latest filing, from 23.06% in the prior quarter.
- Across five years, Tax Rate topped out at 118.59% in Q3 2024 and bottomed at 2.88% in Q4 2022.
- Historically, Tax Rate has averaged 35.56% across 5 years, with a median of 24.68% in 2022.
- The sharpest annual moves came in 2022 and 2025: Tax Rate plunged 30072 bps in 2022, then soared 8010 bps in 2025.
- Over 5 years, Tax Rate stood at 2.88% in 2022, then jumped by 1174 bps to 36.64% in 2023, then advanced by 17 bps to 42.88% in 2024, then declined by 5 bps to 40.55% in 2025, then plunged by 47 bps to 21.67% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 21.67%, 23.06%, and 40.55% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.26 Bn | 20.53 Bn | 605.00 Mn | 8.01% |
| 2 | Nextpower | 12.25 Bn | 11.04 Bn | 335.85 Mn | 16.88% |
| 3 | Enphase Energy | 4.86 Bn | 3.93 Bn | 175.01 Mn | 41.71% |
| 4 | Solaredge Technologies | 2.25 Bn | 1.67 Bn | 95.15 Mn | -8.19% |
| 5 | T1 Energy | 1.29 Bn | 1.08 Bn | 49.10 Mn | -2.16% |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | 21.67% |
| 7 | Canadian Solar | 877.81 Mn | -588.69 Mn | 168.48 Mn | 24.26% |
| 8 | Array Technologies | 700.09 Mn | 392.79 Mn | 99.60 Mn | 23.33% |
| 9 | JinkoSolar Holding | 608.82 Mn | -2.07 Bn | 75.62 Mn | -12.60% |
| 10 | Toyo | 131.54 Mn | 21.49 Mn | 36.97 Mn | -18.80% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 21.67% |
| Mar 31, 2026 | 23.06% |
| Dec 31, 2025 | 40.55% |
| Sep 30, 2025 | 25.15% |
| Jun 30, 2025 | 18.37% |
| Mar 31, 2025 | 114.00% |
| Dec 31, 2024 | 42.88% |
| Sep 30, 2024 | 118.59% |
| Jun 30, 2024 | 23.95% |
| Mar 31, 2024 | 33.90% |
| Dec 31, 2023 | 36.64% |
| Sep 30, 2023 | 40.33% |
| Jun 30, 2023 | 24.70% |
| Mar 31, 2023 | 15.52% |
| Dec 31, 2022 | 2.88% |
| Sep 30, 2022 | 16.12% |
| Jun 30, 2022 | 17.14% |
| Mar 31, 2022 | 24.66% |
| Dec 31, 2021 | 303.60% |
| Sep 30, 2021 | -33.00% |