Shoals Technologies reported a gross margin of 30.31% and a net margin of 7.43% for the quarter ended Jun 2026. These financial ratios cover 26 quarters of results from Mar 2020 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Ratios | Mar2020 | Jun2020 | Sep2020 | Dec2020 | Mar2021 | Jun2021 | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 | Jun2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||||||||||||||||||
| Gross Margin | 36.38% | 33.14% | 38.68% | 38.91% | 39.69% | 42.66% | 45.92% | 42.38% | 10.54% | 42.46% | 40.15% | 40.30% | 24.84% | 37.56% | 35.02% | 37.17% | 37.00% | 31.63% | 29.18% | 30.31% | ||||||
| EBT Margin | 6.63% | 2.20% | 9.08% | 11.99% | 16.75% | 128.69% | 19.13% | 21.08% | -12.27% | 20.06% | 7.95% | 15.64% | 1.41% | 12.79% | 2.51% | 15.31% | 11.69% | 9.21% | -0.27% | 9.49% | ||||||
| EBIT Margin | 15.98% | 5.58% | 14.72% | 17.67% | 21.98% | 24.69% | 24.84% | 26.54% | -7.88% | 24.43% | 12.76% | 18.72% | 4.43% | 15.41% | 5.37% | 14.43% | 13.75% | 11.73% | 5.49% | 11.46% | ||||||
| EBITDA Margin | 16.82% | 6.41% | 15.31% | 18.35% | 22.53% | 25.22% | 25.31% | 27.04% | -7.35% | 25.12% | 13.97% | 20.03% | 5.70% | 16.72% | 7.11% | 15.70% | 14.85% | 13.01% | 7.06% | 13.11% | ||||||
| Operating Margin | 15.98% | 5.58% | 14.72% | 17.67% | 21.98% | 24.69% | 24.84% | 26.54% | -7.88% | 24.43% | 12.76% | 18.72% | 4.43% | 15.41% | 5.37% | 14.43% | 13.75% | 11.73% | 5.49% | 11.46% | ||||||
| Net Margin | 8.82% | -4.48% | 6.84% | 9.94% | 14.05% | 124.99% | 16.16% | 15.87% | -7.32% | 12.71% | 5.26% | 11.89% | -0.26% | 7.31% | -0.35% | 12.50% | 8.75% | 5.48% | -0.21% | 7.43% | ||||||
| FCF Margin | 11.18% | 1.98% | -39.34% | 24.29% | 12.68% | 35.58% | 7.53% | 21.43% | 18.19% | 18.02% | 11.43% | 36.11% | 13.04% | 11.64% | 15.37% | -23.49% | 6.60% | -7.59% | -34.93% | -0.13% | ||||||
| Efficiency | ||||||||||||||||||||||||||
| Inventory AverageInventory Avg. | 24.55M | 33.10M | 43.92M | 57.22M | 73.06M | 77.01M | 73.29M | 71.02M | 64.64M | 56.88M | 56.18M | 59.79M | 62.93M | 60.92M | 58.58M | 59.04M | 58.62M | 75.11M | 124.44M | 171.86M | ||||||
| Assets AverageAssets Avg. | 328.26M | 404.61M | 450.44M | 485.54M | 513.25M | 562.39M | 701.75M | 813.71M | 829.48M | 842.07M | 834.65M | 806.87M | 794.87M | 797.19M | 790.75M | 791.69M | 823.38M | 877.95M | 967.50M | 1,023.90M | ||||||
| Invested CapitalInvested Cap. | 243.15M | 241.56M | 282.38M | 287.10M | 301.60M | 542.05M | 743.92M | 742.01M | 717.02M | 728.44M | 722.73M | 691.34M | 686.95M | 698.55M | 700.68M | 707.16M | 716.39M | 736.72M | 783.40M | 813.97M | ||||||
| Asset Utilization RatioAsset Util. | 0.62 | 0.53 | 0.52 | 0.51 | 0.55 | 0.58 | 0.52 | 0.50 | 0.55 | 0.58 | 0.57 | 0.56 | 0.53 | 0.50 | 0.49 | 0.51 | 0.53 | 0.54 | 0.55 | 0.57 | ||||||
| Leverage & Solvency | ||||||||||||||||||||||||||
| Interest Coverage RatioInterest Cover | 2.67 | 0.74 | 2.61 | 3.11 | 4.20 | 4.05 | 4.35 | 4.86 | -1.79 | 5.59 | 2.59 | 5.69 | 1.43 | 5.66 | 1.79 | 7.15 | 6.59 | 6.93 | 2.66 | 5.39 | ||||||
| Debt Ratio | 0.66 | 0.58 | 0.60 | 0.56 | 0.53 | 0.41 | 0.29 | 0.26 | 0.23 | 0.22 | 0.20 | 0.19 | 0.18 | 0.18 | 0.18 | 0.17 | 0.15 | 0.15 | 0.18 | 0.19 | ||||||
| Times Interest Earned | 2.67 | 0.74 | 2.61 | 3.11 | 4.20 | 4.05 | 4.35 | 4.86 | -1.79 | 5.59 | 2.59 | 5.69 | 1.43 | 5.66 | 1.79 | 7.15 | 6.59 | 6.93 | 2.66 | 5.39 | ||||||
| Dividends & Payouts | ||||||||||||||||||||||||||
| Dividend Coverage RatioDiv. Cover | 0.03 | 0.01 | 1.58 | 4.49 | 3.99 | 6.46 | ||||||||||||||||||||
| FCF Payout RatioFCF Cover | 23.44 | -289.85 | -0.11 | 0.09 | 0.28 | 0.33 | ||||||||||||||||||||
| Dividend YieldDiv. Yield | 3.37% | -6.81% | 0.10% | 0.06% | 0.09% | 0.07% | ||||||||||||||||||||
| Payout Ratio | 29.71 | 128.36 | 0.63 | 0.22 | 0.25 | 0.15 | ||||||||||||||||||||
| Valuation | ||||||||||||||||||||||||||
| Price to EarningsP/E | 881.66 | -0.00M | 612.67 | 377.31 | 282.61 | 35.31 | 227.89 | 229.51 | -315.78 | 159.43 | 399.10 | 88.99 | -0.00M | 117.96 | -0.00M | 51.34 | 104.41 | 175.24 | -0.00M | 137.26 | ||||||
| Price to SalesP/S | 77.73 | 84.38 | 41.90 | 37.49 | 39.70 | 44.13 | 36.83 | 36.43 | 23.12 | 20.27 | 20.98 | 10.58 | 9.15 | 8.62 | 6.91 | 6.42 | 9.13 | 9.60 | 7.85 | 10.20 | ||||||
| Price to BookP/B | -418.05 | -540.72 | -0.00M | 326.48 | 159.06 | 13.88 | 7.65 | 8.20 | 5.92 | 4.85 | 3.44 | 1.93 | 1.72 | 1.66 | 0.99 | 1.24 | 2.10 | 2.37 | 1.83 | 2.70 | ||||||
| Enterprise Value | 4,625.45M | 4,039.26M | 2,836.42M | 2,738.67M | 3,590.90M | 4,178.09M | 3,863.75M | 4,337.45M | 3,094.28M | 2,620.92M | 1,890.06M | 1,047.06M | 924.06M | 898.69M | 519.40M | 706.57M | 1,231.74M | 1,416.01M | 1,102.06M | 1,650.33M | ||||||
| EV to EBIT | 483.68 | 0.00M | 283.44 | 210.93 | 179.86 | 178.75 | 148.04 | 137.10 | -292.71 | 82.24 | 163.16 | 56.35 | 204.26 | 54.52 | 120.45 | 44.17 | 65.97 | 81.36 | 142.79 | 88.15 | ||||||
| EV to EBITDA | 459.65 | 0.00M | 272.55 | 203.11 | 175.47 | 175.01 | 145.25 | 134.55 | -313.47 | 79.98 | 149.01 | 52.67 | 158.66 | 50.25 | 90.93 | 40.61 | 61.06 | 73.35 | 111.12 | 77.04 | ||||||
| Market Capitalization | 4,651.62M | 4,054.32M | 2,848.29M | 2,755.48M | 3,605.84M | 4,177.24M | 3,870.21M | 4,343.31M | 3,103.50M | 2,643.62M | 1,905.30M | 1,050.25M | 935.17M | 922.20M | 555.01M | 711.25M | 1,240.33M | 1,423.33M | 1,103.94M | 1,666.06M | ||||||
| Price to FCFP/FCF | 695.52 | 0.00M | -106.51 | 154.38 | 313.20 | 124.03 | 489.28 | 170.01 | 127.15 | 112.44 | 183.61 | 29.30 | 70.20 | 74.03 | 44.94 | -27.31 | 138.31 | -126.51 | -22.49 | -0.01M | ||||||
| EV to FCF | 691.60 | 0.00M | -106.07 | 153.44 | 311.90 | 124.05 | 488.46 | 169.78 | 126.77 | 111.48 | 182.14 | 29.22 | 69.36 | 72.14 | 42.06 | -27.13 | 137.35 | -125.86 | -22.45 | -0.01M | ||||||
| EV to CFO | 622.12 | 0.00M | -109.69 | 143.27 | 305.43 | 121.31 | 389.77 | 155.35 | 111.81 | 99.10 | 146.97 | 27.67 | 58.86 | 64.25 | 33.38 | -51.12 | 63.44 | -346.47 | -26.59 | 242.41 | ||||||
| Return Ratios | ||||||||||||||||||||||||||
| Return on Sales [ROS]ROS | 15.98% | 5.58% | 14.72% | 17.67% | 21.98% | 24.69% | 24.84% | 26.54% | -7.88% | 24.43% | 12.76% | 18.72% | 4.43% | 15.41% | 5.37% | 14.43% | 13.75% | 11.73% | 5.49% | 11.46% | ||||||
| Return on Capital Employed [ROCE]ROCE | 13.92% | 9.71% | 8.83% | 8.19% | 10.30% | 13.01% | 12.94% | 13.72% | 9.47% | 10.55% | 8.55% | 7.06% | 9.47% | 7.14% | 6.18% | 5.82% | 7.58% | 7.51% | 7.88% | 7.27% | ||||||
| Return on Invested Capital [ROIC]ROIC | 25.73% | 14.63% | 11.74% | 9.32% | 11.19% | 14.79% | 12.00% | 12.46% | 9.27% | 8.49% | 6.44% | 5.23% | 6.31% | 4.71% | 3.66% | 3.63% | 5.34% | 5.37% | 5.72% | 5.58% | ||||||
| Return on Assets [ROA]ROA | 3.15% | 0.97% | 3.76% | 3.10% | 4.40% | 25.43% | 22.14% | 20.52% | 17.41% | 5.07% | 3.65% | 2.89% | 4.14% | 3.03% | 2.41% | 2.67% | 4.04% | 3.82% | 3.47% | 3.11% |