Growth Metrics

Shoals Technologies (SHLS) Times Interest Earned (2020 - 2026)

Shoals Technologies posted quarterly Times Interest Earned of $2.66 for Q1 2026, up 48.9% year-on-year from $1.79 in Q1 2025, and down 61.64% on a QoQ basis from $6.93 in Q4 2025.

Shoals Technologies (SHLS) has 7 years of Times Interest Earned data on file, last reported at $2.66 in Q1 2026.

  • For the quarter ending Q1 2026, Times Interest Earned rose 48.9% year-over-year to $2.66; the trailing twelve-month figure through Mar 2026 stood at $5.7 (up 52.89% YoY), and the FY2025 full-year result was $5.64, up 52.45% from the prior year.
  • Times Interest Earned for Q1 2026 stood at $2.66, down from $6.93 in the prior quarter.
  • Across five years, Times Interest Earned topped out at $7.15 in Q2 2025 and bottomed at -$1.79 in Q3 2023.
  • The 5-year median for Times Interest Earned is $4.2 (2022), against an average of $3.97.
  • The widest annual swing landed in 2022, when Times Interest Earned soared 449.14%; it then plunged 142.67% in 2023.
  • A 5-year view of Times Interest Earned shows it stood at $4.05 in 2022, then jumped by 38.21% to $5.59 in 2023, then grew by 1.17% to $5.66 in 2024, then gained by 22.53% to $6.93 in 2025, then sank by 61.64% to $2.66 in 2026.
  • The last three Times Interest Earned figures came in at $2.66 (Q1 2026), $6.93 (Q4 2025), and $6.59 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Times Interest Earned (Qtr)
1 First Solar 26.65 Bn 24.22 Bn 486.13 Mn 45.35
2 Nextpower 17.99 Bn 16.90 Bn 297.38 Mn -
3 Canadian Solar 15.11 Bn 15.69 Bn 124.40 Mn 1.32
4 Enphase Energy 8.19 Bn 7.26 Bn 100.39 Mn -46.83
5 Solaredge Technologies 3.80 Bn 3.25 Bn 68.28 Mn -
6 Sunrun 3.38 Bn 4.27 Bn 543.70 Mn -
7 Shoals Technologies 1.60 Bn 1.60 Bn 41.01 Mn 2.66
8 Array Technologies 1.25 Bn 1.05 Bn 63.00 Mn 1.28
9 JinkoSolar Holding 677.44 Mn 2.29 Bn 147.66 Mn -
10 Tigo Energy 288.14 Mn 276.56 Mn 10.79 Mn -2,410.00

Historic Data

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DateValue
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
Sep 30, 2021 2.67
Jun 30, 2021 3.89
Mar 31, 2021 2.67
Dec 31, 2020 2.46
Sep 30, 2020 145.24
Jun 30, 2020 24.21
Mar 31, 2020 35.17