Shoals Technologies (SHLS) Tax Rate (2021 - 2026)
Shoals Technologies (SHLS) recorded Tax Rate of 25.81% in Q3 2026, up 0.67 percentage points from 25.15% a year earlier and up 4.14 percentage points from the prior quarter.
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Analysis
Shoals Technologies (SHLS) Tax Rate (2021 - 2026) Analysis & Trends
On a TTM basis, Shoals Technologies' Tax Rate came in at 28.43% as of Sep 30, 2026, down 3.04 percentage points year-over-year; for FY2025, it came in at 30.80%, down 5.48 percentage points from FY2024.
- Annual Tax Rate has a four-year change of +28.67 percentage points (FY2021 to FY2025).
- Across earlier years, Tax Rate came in at 36.28% in FY2024 (+13.94 pp), 22.34% in FY2023 (+16.43 pp), 5.91% in FY2022 (+3.78 pp) and 2.13% in FY2021.
- Quarterly Tax Rate has ranged from 2.88% in Q4 2022 to 303.60% in Q4 2021 over the past five years.
- On a year-over-year basis, Tax Rate rose in four of the last seven quarters, with an average year-over-year change of -1.58 percentage points.
- Peak year-over-year performance for Tax Rate in the last five years was a gain of 80.10 percentage points in Q1 2025, against a drop of 300.72 percentage points in Q4 2022 at the low end.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 212.47 Bn | 164.72 Bn | 3.11 Bn | 27.67% |
| 2 | Bloom Energy | 56.73 Bn | 46.66 Bn | 417.10 Mn | 0.33% |
| 3 | First Solar | 18.42 Bn | 9.79 Bn | 713.06 Mn | - |
| 4 | Nextpower | 14.32 Bn | 10.03 Bn | 345.32 Mn | 23.07% |
| 5 | BWX Technologies | 11.27 Bn | 9.04 Bn | 227.14 Mn | 22.68% |
| 6 | Generac Holdings | 11.25 Bn | 9.99 Bn | 516.04 Mn | 23.89% |
| 7 | Innio | 10.93 Bn | 7.17 Bn | 367.70 Mn | 27.54% |
| 8 | EnerSys | 5.13 Bn | 3.44 Bn | 284.35 Mn | 12.64% |
| 9 | Mirion Technologies | 4.30 Bn | 2.71 Bn | 131.50 Mn | 28.44% |
| 10 | Shoals Technologies | 1.40 Bn | 1.36 Bn | 62.40 Mn | 25.81% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 25.81% |
| Jun 30, 2026 | 21.67% |
| 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% |
| 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% |
API Access
Shoals Technologies Tax Rate 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=tax-rate&ticker=SHLS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=SHLS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();