Shoals Technologies (SHLS) Tax Rate (2021 - 2026)
Shoals Technologies' (SHLS) quarterly Tax Rate came in at 23.06% in Q1 2026, down 9094.0% YoY from 0.26% in Q1 2025, and down 43.13% on a QoQ basis from 40.55% in Q4 2025.
Shoals Technologies (SHLS) Tax Rate (2021 - 2026) Analysis & Trends
Shoals Technologies (SHLS) has 6 years of Tax Rate data on file, last reported at 23.06% in Q1 2026.
- Quarterly Tax Rate fell 9094.0% year-over-year to 23.06% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 27.23% (down 1437.0% YoY) and the FY2025 annual result came in at 30.8%, down 548.0% from the prior year.
- Tax Rate retreated to 23.06% in Q1 2026, from 40.55% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 118.59% in Q3 2024 to a low of 2.88% in Q4 2022.
- A 5-year average of 36.38% and a median of 24.7% in 2023 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2022 — Tax Rate tumbled 30072 bps — and 2025, when it surged 8010 bps.
- Tracing SHLS's Tax Rate over 5 years: stood at 2.88% in 2022, then surged by 1174 bps to 36.64% in 2023, then rose by 17 bps to 42.88% in 2024, then slipped by 5 bps to 40.55% in 2025, then plunged by 43 bps to 23.06% in 2026.
- The last three Tax Rate figures came in at 23.06% (Q1 2026), 40.55% (Q4 2025), and 25.15% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.32 Bn | 21.59 Bn | 605.00 Mn | 8.01% |
| 2 | Nextpower | 13.15 Bn | 11.93 Bn | 335.85 Mn | 16.88% |
| 3 | Enphase Energy | 5.16 Bn | 4.22 Bn | 175.01 Mn | 41.71% |
| 4 | Sunrun | 2.25 Bn | 2.25 Bn | 527.54 Mn | 1.87% |
| 5 | Solaredge Technologies | 1.92 Bn | 1.34 Bn | 95.15 Mn | -8.19% |
| 6 | Shoals Technologies | 1.22 Bn | 1.21 Bn | 49.53 Mn | 21.67% |
| 7 | Canadian Solar | 993.25 Mn | -595.03 Mn | 124.40 Mn | -3.52% |
| 8 | JinkoSolar Holding | 841.85 Mn | -2.47 Bn | 147.66 Mn | -31.47% |
| 9 | Array Technologies | 723.94 Mn | 416.64 Mn | 99.60 Mn | 23.33% |
| 10 | Toyo | 177.09 Mn | 100.45 Mn | 47.76 Mn | -16.30% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 21.67% |
| Jun 30, 2026 | 21.67% |
| Jun 30, 2026 | 21.67% |
| Mar 31, 2026 | 23.06% |
| Mar 31, 2026 | 23.06% |
| Mar 31, 2026 | 23.06% |
| Dec 31, 2025 | 40.55% |
| Dec 31, 2025 | 40.55% |
| Dec 31, 2025 | 40.55% |
| Sep 30, 2025 | 25.15% |
| Sep 30, 2025 | 25.15% |
| Sep 30, 2025 | 25.15% |
| Jun 30, 2025 | 18.37% |
| Jun 30, 2025 | 18.37% |
| Jun 30, 2025 | 18.37% |
| Mar 31, 2025 | 114.00% |
| Mar 31, 2025 | 114.00% |
| Mar 31, 2025 | 114.00% |
| Dec 31, 2024 | 42.88% |
| Dec 31, 2024 | 42.88% |