Shoals Technologies (SHLS) Times Interest Earned (2020 - 2026)
Shoals Technologies' (SHLS) Times Interest Earned came in at 7.44 for Q3 2026, up 12.8% from 6.59 a year earlier and up 38.0% from the prior quarter.
Powered by 
Analysis
Shoals Technologies (SHLS) Times Interest Earned (2020 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Times Interest Earned at Shoals Technologies was 5.70, up 6.8% year-over-year; for FY2025, it came in at 5.64, up 52.4% from FY2024.
- In prior years, Shoals Technologies' Times Interest Earned was 3.70 in FY2024 (+12.9%), 3.28 in FY2023 (-8.3%), 3.58 in FY2022 (+43.7%) and 2.49 in FY2021 (-76.6%).
- The Q3 2026 figure stands as the highest quarterly Times Interest Earned since Q3 2020.
- On a year-over-year basis, Times Interest Earned increased in six of the last eight quarters, with growth averaging 52.2%.
- The strongest year-over-year quarter for Times Interest Earned in the past five years was Q4 2022, with growth of 449.1%; the weakest was Q4 2021, with a decline of 70.1%.
- According to Business Quant data, Times Interest Earned for the three prior quarters was 5.39 (Q2 2026), 2.66 (Q1 2026) and 6.93 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Times Interest Earned (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 212.47 Bn | 164.72 Bn | 3.11 Bn | 19.63 |
| 2 | Bloom Energy | 56.73 Bn | 46.66 Bn | 417.10 Mn | 29.96 |
| 3 | First Solar | 18.42 Bn | 9.79 Bn | 713.06 Mn | 228.50 |
| 4 | Nextpower | 14.32 Bn | 10.03 Bn | 345.32 Mn | 592.99 |
| 5 | BWX Technologies | 11.27 Bn | 9.04 Bn | 227.14 Mn | 25.86 |
| 6 | Generac Holdings | 11.25 Bn | 9.99 Bn | 516.04 Mn | 9.80 |
| 7 | Innio | 10.93 Bn | 7.17 Bn | 367.70 Mn | 4.13 |
| 8 | EnerSys | 5.13 Bn | 3.44 Bn | 284.35 Mn | 11.46 |
| 9 | Mirion Technologies | 4.30 Bn | 2.71 Bn | 131.50 Mn | 2.05 |
| 10 | Shoals Technologies | 1.40 Bn | 1.36 Bn | 62.40 Mn | 7.44 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 7.44 |
| Jun 30, 2026 | 5.39 |
| Mar 31, 2026 | 2.66 |
| Dec 31, 2025 | 6.93 |
| Sep 30, 2025 | 6.59 |
| Jun 30, 2025 | 7.15 |
| Mar 31, 2025 | 1.79 |
| Dec 31, 2024 | 5.66 |
| Sep 30, 2024 | 1.43 |
| Jun 30, 2024 | 5.69 |
| Mar 31, 2024 | 2.59 |
| Dec 31, 2023 | 5.59 |
| Sep 30, 2023 | -1.79 |
| Jun 30, 2023 | 4.86 |
| Mar 31, 2023 | 4.35 |
| Dec 31, 2022 | 4.05 |
| Sep 30, 2022 | 4.20 |
| Jun 30, 2022 | 3.11 |
| Mar 31, 2022 | 2.61 |
| Dec 31, 2021 | 0.74 |
API Access
Shoals Technologies Times Interest Earned 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=times-interest-earned&ticker=SHLS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "times-interest-earned", "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=times-interest-earned&ticker=SHLS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();