Shoals Technologies (SHLS) Tax Rate (2021 - 2026)

Shoals Technologies' Tax Rate history runs 6 years deep, the most recent figure standing at 23.06% for 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 was 23.06% for Q1 2026 at Shoals Technologies, down from 40.55% 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.
• 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 slumped 30072 bps — and 2025, when it surged 8010 bps.
• Shoals Technologies' 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 slumped by 43 bps to 23.06% in 2026.
• Business Quant data shows SHLS's Tax Rate at 23.06% in Q1 2026, 40.55% in Q4 2025, and 25.15% in Q3 2025.