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

Shoals Technologies has reported Tax Rate for 6 years, with the latest figure at 23.06% in Q1 2026.

• For the quarter ending Q1 2026, Tax Rate fell 9094.0% year-over-year to 23.06%; the trailing twelve-month figure through Mar 2026 stood at 27.23% (down 1437.0% YoY), and the FY2025 full-year result was 30.8%, down 548.0% from the prior year.
• Tax Rate for Q1 2026 stood at 23.06%, down from 40.55% in the prior quarter.
• The five-year high for Tax Rate was 118.59% in Q3 2024, with the low at 2.88% in Q4 2022.
• Historically, Tax Rate has averaged 36.38% across 5 years, with a median of 24.7% in 2023.
• Annual changes were most pronounced in 2022 — Tax Rate tumbled 30072 bps — and 2025, when it surged 8010 bps.
• Shoals Technologies' Tax Rate 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.