Shoals Technologies Ratios (2020-2025) | SHLS

Ratios Mar2020 Jun2020 Sep2020 Dec2020 Mar2021 Jun2021 Sep2021 Dec2021 Mar2022 Jun2022 Sep2022 Dec2022 Mar2023 Jun2023 Sep2023 Dec2023 Mar2024 Jun2024 Sep2024 Dec2024 Mar2025 Jun2025 Sep2025
Profitability
Gross Margin 34.82%38.75%39.33%38.30%41.17%43.83%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%
EBT Margin 22.82%12.03%28.52%10.96%-21.51%14.76%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%
EBIT Margin 23.48%12.55%28.72%18.47%21.69%23.61%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%
EBITDA Margin 24.22%13.24%29.48%19.50%22.56%24.28%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%
Operating Margin 23.48%12.55%28.72%18.47%21.69%23.61%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%
Net Margin 22.82%12.03%28.52%10.96%-18.27%15.33%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%
FCF Margin 42.08%1.01%33.74%40.04%-40.88%4.67%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%
Efficiency
Inventory Average 18.11M21.18M24.55M33.10M43.92M57.22M73.06M77.01M73.29M71.02M64.64M56.88M56.18M59.79M62.93M60.92M58.58M59.04M58.62M
Assets Average 223.78M262.99M328.26M404.61M450.44M485.54M513.25M562.39M701.75M813.71M829.48M842.07M834.65M806.87M794.87M797.19M790.75M791.69M823.38M
Equity Average -113.49M-38.79M-22.92M-9.31M-4.47M3.50M15.55M161.83M403.53M517.74M527.02M534.82M549.49M549.28M544.89M551.00M557.86M567.17M582.52M
Invested Capital 174.71M189.09M206.64M241.15M239.56M280.38M285.10M299.60M540.05M741.92M740.01M715.02M726.44M722.73M691.34M686.95M698.55M558.93M575.41M589.64M
Asset Utilization Ratio 0.810.750.620.530.520.510.550.580.520.500.550.580.570.560.530.500.490.510.53
Leverage & Solvency
Interest Coverage Ratio 35.1724.21145.242.462.673.892.670.742.613.114.204.054.354.86-1.795.592.595.691.435.661.797.156.59
Debt to Equity -0.13-0.99-1.51-5.58-7.62-63.6310.323.870.170.090.040.000.080.300.270.260.250.250.230.21
Debt Ratio 0.120.170.190.160.130.190.180.170.080.060.030.000.050.200.190.180.180.180.170.15
Equity Ratio -0.94-0.17-0.13-0.03-0.020.000.020.040.510.630.650.620.650.670.690.680.700.710.720.69
Times Interest Earned 35.1724.21145.242.462.673.892.670.742.613.114.204.054.354.86-1.795.592.595.691.435.661.797.156.59
Dividends & Payouts
FCF Payout Ratio 0.010.6323.50-6.6723.44-289.85-0.110.090.280.33
Valuation
Enterprise Value -10.07M-26.82M-33.00M-26.17M-15.06M-11.87M-16.81M-14.94M0.85M-6.46M-5.86M-9.22M-22.71M-15.24M-3.19M-11.11M-23.51M-35.61M-4.69M-8.59M
Return Ratios
Return on Sales 0.23%0.12%0.29%0.11%-0.18%0.15%0.09%-0.04%0.07%0.10%0.14%1.25%0.16%0.16%-0.07%0.13%0.05%0.12%0.00%0.07%0.00%0.12%0.09%
Return on Capital Employed 0.19%0.20%0.14%0.10%0.09%0.08%0.10%0.13%0.13%0.14%0.09%0.11%0.09%0.07%0.09%0.07%0.06%0.06%0.08%
Return on Invested Capital 0.23%0.26%0.26%0.15%0.12%0.09%0.11%0.15%0.12%0.12%0.09%0.09%0.06%0.05%0.06%0.05%0.04%0.05%0.07%
Return on Assets 0.07%0.08%0.03%0.01%0.04%0.03%0.04%0.25%0.22%0.21%0.17%0.05%0.04%0.03%0.04%0.03%0.02%0.03%0.04%
Return on Equity -0.14%-0.52%-0.45%-0.42%-3.78%4.31%1.45%0.88%0.38%0.32%0.27%0.08%0.06%0.04%0.06%0.04%0.03%0.04%0.06%