Shoals Technologies Group, Inc. logo SHLS - Shoals Technologies Group, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 17
HOLD 4
SELL 2
STRONG
SELL
0
| PRICE TARGET: $8.75 DETAILS
HIGH: $9.50
LOW: $8.00
MEDIAN: $8.75
CONSENSUS: $8.75
DOWNSIDE: 11.71%
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4
Revenue
Revenue 140.6 148.3 135.8 110.8 80.4 107.0 102.2 99.2 90.8 130.4 134.2 119.2 105.1 94.7 90.8 73.5 68.0 48.0 59.8 59.7 45.6 38.8 52.6 43.4 40.7 37.9
Cost of Revenue 99.5 101.4 85.6 69.6 52.2 66.8 76.8 59.3 54.3 75.1 120.1 68.7 56.8 54.3 54.8 44.9 41.7 32.1 38.1 33.5 26.8 23.9 31.9 26.6 26.6 25.4
Gross Profit 41.0 46.9 50.3 41.2 28.1 40.2 25.4 40.0 36.5 55.4 14.2 50.5 48.3 40.4 36.0 28.6 26.3 15.9 21.8 26.2 18.8 14.8 20.7 16.8 14.2 12.5
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 31.0 34.2 22.6 23.1 21.7 21.5 18.7 19.2 22.8 21.5 22.6 16.7 20.0 14.9 13.9 13.3 13.9 11.0 10.0 10.0 6.8 5.6 3.5 9.3 2.6 2.3
Other Expenses 2.3 (4.7) 9.0 2.1 2.1 2.2 2.1 2.2 2.1 2.1 2.2 2.2 2.2 2.1 2.2 2.3 2.4 2.2 2.2 2.1 2.1 2.1 2.1 2.1 2.1 2.1
Operating Expenses 33.3 29.5 31.6 25.2 23.8 23.7 20.9 21.4 24.9 23.5 24.7 18.9 22.2 17.0 16.1 15.6 16.3 13.2 12.2 12.1 8.9 7.7 5.6 11.4 4.6 4.3
Operating Income
Operating Income 7.7 17.4 18.7 16.0 4.3 16.5 4.5 18.6 11.6 31.9 (10.6) 31.6 26.1 23.4 20.0 13.0 10.0 2.7 9.6 14.1 9.9 7.2 15.1 5.4 9.6 8.1
Interest Expense 2.9 2.5 2.8 2.2 2.4 3.3 3.1 3.1 4.5 5.7 5.9 6.5 6.0 5.8 4.8 4.2 3.8 3.6 3.6 3.6 3.7 2.9 0.1 0.2 0.3 0.3
Interest Income 0.1 0.1 0 0.1 0.1 0.5 0 0 0.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 11.8 18.3 22.0 22.5 7.7 20.3 7.7 21.8 14.7 34.7 (7.9) 34.2 28.6 130.1 22.6 15.7 12.7 7.4 10.1 14.8 (3.7) 9.5 17.5 7.8 11.9 10.5
EBIT 7.7 16.2 18.7 19.2 4.4 17.0 4.5 18.6 11.7 31.9 (10.6) 31.6 26.1 127.6 20.0 13.0 10.0 4.7 7.5 12.4 (6.1) 7.2 15.1 5.4 9.6 8.1
Income Before Tax (0.4) 13.7 15.9 17.0 2.0 13.7 1.4 15.5 7.2 26.2 (16.5) 25.1 20.1 121.8 15.2 8.8 6.2 1.1 4.0 8.8 (9.8) 4.2 15.0 5.2 9.3 7.8
Income Tax Expense (0.1) 5.5 4.0 3.1 2.3 5.9 (1.7) 3.7 2.4 9.6 (6.6) 6.2 3.1 3.5 2.5 1.5 1.5 3.2 (1.3) (0.3) (1.5) 0 0 0 0 0
Net Income (0.3) 8.1 11.9 13.9 (0.3) 7.8 3.1 11.8 4.8 16.6 (9.8) 18.9 14.3 112.6 8.0 4.4 2.6 (1.8) 2.5 4.6 (2.9) 4.2 15.0 5.2 9.3 7.8
Per Share Data
EPS (Basic) -0.00 0.05 0.07 0.08 -0.00 0.05 0.02 0.07 0.03 0.10 -0.06 0.11 0.10 0.94 0.07 0.04 0.02 -0.02 0.02 0.05 -0.06 0.03 0.09 0.03 0.06 0.05
EPS (Diluted) -0.00 0.05 0.07 0.08 -0.00 0.05 0.02 0.07 0.03 0.10 -0.06 0.11 0.10 0.70 0.07 0.04 0.02 -0.02 0.02 0.05 -0.06 0.03 0.09 0.03 0.06 0.05
Shares Outstanding 167.6 167.4 169.7 167.3 167.0 166.7 167.3 170.0 170.3 170.1 170.0 169.9 146.4 120.2 113.0 112.5 112.2 106.2 101.9 93.5 93.5 160.3 166.6 166.6 166.6 166.6
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2019 Q4
Current Assets
Cash & Cash Equivalents 1.9 7.3 8.6 4.7 35.6 23.5 11.1 3.2 15.2 22.7 9.2 5.9 6.5 8.8 11.2 10.1 2.5 5.0 14.2 13.2 4.2 10.1 4.2 7.1
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 144.3 150.9 125.2 113.3 78.1 99.0 109.1 109.3 126.8 147.3 137.4 118.8 95.1 67.3 83.2 72.4 73.0 45.0 55.1 49.8 38.1 30.8 37.0 29.8
Inventory 159.0 89.9 60.4 56.9 61.2 56.0 65.9 60.0 59.6 52.8 61.0 68.3 73.7 72.9 81.2 65.0 49.5 38.4 27.8 21.3 21.1 15.1 11.3 8.8
Other Current Assets 77.3 9.8 7.1 15.2 12.9 9.8 4.7 4.8 6.9 4.4 6.7 7.2 8.1 4.6 7.6 8.8 12.7 5.0 11.7 7.3 6.5 0.2 0.1 0.8
Total Current Assets 382.5 257.9 201.2 190.1 187.7 188.4 190.8 177.3 208.5 227.2 214.2 200.1 183.4 153.5 183.2 156.3 137.7 93.4 108.9 91.5 70.0 56.1 52.6 46.5
Non-Current Assets
Property, Plant & Equipment 104.1 99.3 96.3 42.0 30.0 28.2 28.1 26.9 26.2 24.8 22.8 20.2 18.4 16.9 16.6 16.8 16.0 15.6 14.4 13.6 13.2 12.8 12.7 10.9
Goodwill 69.9 69.9 69.9 69.9 69.9 69.9 69.9 69.9 69.9 69.9 69.9 69.9 69.9 69.9 69.9 69.9 69.4 69.4 69.3 50.2 50.2 50.2 50.2 50.2
Intangible Assets 31.6 33.5 35.4 37.3 39.2 41.1 43.0 44.9 46.8 48.7 50.6 52.5 54.6 56.6 58.6 60.7 63.0 65.2 67.5 68.0 70.0 72.0 74.0 80.0
Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4.6 0 0 0 0 0 0
Other Non-Current Assets 4.6 5.4 5.4 8.1 9.6 11.3 9.5 7.8 8.2 5.2 5.5 5.7 6.1 6.3 24.5 17.8 12.8 1.2 1.2 0.8 0.5 4.2 0 0
Total Non-Current Assets 648.4 646.2 650.6 604.9 600.7 604.7 610.5 611.2 616.8 616.8 625.9 618.7 625.2 441.4 346.7 340.3 336.8 333.0 273.9 182.2 182.3 139.2 136.9 141.1
Total Assets 1,030.9 904.1 851.8 795.0 788.4 793.1 801.3 788.4 825.3 844.0 840.1 818.8 808.6 594.9 529.9 496.6 474.5 426.4 382.8 273.7 252.3 195.3 189.5 187.6
Current Liabilities
Account Payables 80.4 64.9 33.9 29.2 26.7 20.0 23.7 16.2 15.7 14.4 16.6 16.2 21.9 9.5 21.4 24.3 17.9 20.0 18.7 14.2 12.9 14.6 10.7 10.4
Short-Term Debt 0 0 0 0 0 0 0 0 0 2 2 2 2 2 2 2 2 2 2 3.5 3.5 3.5 6.9 12.9
Deferred Revenue 30.3 37.0 26.1 20.1 15.2 18.7 20.6 21.2 21.8 22.2 27.0 31.3 23.4 23.3 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 97.5 25.4 11.5 19.7 29.5 34.6 39.2 34.9 35.3 41.9 26.3 14.6 2.8 5.5 0 0 0 1.8 0 0 0 0 0 0
Total Current Liabilities 208.3 127.3 91.9 81.3 80.3 80.9 91.9 78.3 79.6 92.6 84.4 77.2 64.8 52.6 70.4 55.1 38.7 31.6 35.8 27.2 25.0 24.1 23.4 24.5
Non-Current Liabilities
Long-Term Debt 219.6 175.4 126.8 131.8 141.8 141.8 141.8 146.8 168.8 179.4 188.4 208.6 233.8 237.1 274.9 274.7 279.8 245.1 250.3 237.9 228.4 355.3 346.6 13.2
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 1.4 1.4 4.0 6.5 7.5 13.6 22.4 18.8 23.0 26.9 42.7 3.6 3.9 4.2 161.9 158.4 157.4 157.3 107.9 43.4 41.7 0 0 0
Total Non-Current Liabilities 220.9 176.8 170.3 138.2 149.2 155.4 164.2 165.6 191.7 206.4 231.1 212.2 237.8 241.3 436.8 433.0 437.2 402.4 358.2 281.2 270.1 355.3 346.6 13.2
Total Liabilities 429.2 304.1 262.2 219.6 229.5 236.3 256.1 243.9 271.3 299.0 315.5 289.4 302.5 293.9 507.2 488.2 475.9 433.9 393.9 308.4 295.1 379.4 370.0 37.7
Stockholders' Equity
Common Stock 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0 0 149.9
Retained Earnings 131.9 132.2 124.0 112.2 98.3 98.6 90.8 91.0 79.2 74.5 57.9 67.7 48.8 34.5 (78.1) (86.1) (90.5) (93.1) (91.3) (93.8) (98.3) 0 0 0
Accumulated Other Comprehensive Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (2.6)
Total Stockholders' Equity 601.6 600.0 589.6 575.4 558.9 556.8 545.2 544.6 554.0 545.0 524.6 529.4 506.1 291.4 26.4 15.2 7.9 2.6 0.9 (14.9) (20.3) (184.1) (180.5) 149.9
Total Liabilities & Equity 1,030.9 904.1 851.8 795.0 788.4 793.1 801.3 788.4 825.3 844.0 840.1 818.8 808.6 594.9 529.9 496.6 474.5 426.4 382.8 273.7 252.3 195.3 189.5 187.6
Debt Metrics
Total Debt 219.6 175.4 166.2 131.8 141.8 141.8 141.8 146.8 168.8 181.4 190.4 210.6 235.8 239.1 276.9 276.7 281.8 247.1 252.3 241.4 231.9 358.8 353.5 26.1
Net Debt 217.7 168.1 157.7 127.1 106.1 118.2 130.6 143.6 153.5 158.7 181.2 204.7 229.4 230.3 265.7 266.6 279.3 242.0 238.1 228.2 227.7 348.8 349.2 19.0
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4
Operating Activities
Net Income (0.3) 8.1 11.9 13.9 (0.3) 7.8 (0.3) 11.8 4.8 16.6 (9.8) 18.9 17.0 118.3 12.8 7.3 4.6 (2.2) 5.3 9.2 (8.3) 4.2 15.0 5.2 9.3 7.8
Depreciation & Amortization 4.1 4.0 3.4 3.3 3.3 3.3 3.2 3.2 3.0 2.8 2.7 2.6 2.5 2.5 2.6 2.7 2.7 2.7 2.5 2.4 2.4 2.4 2.4 2.3 2.3 2.3
Stock-Based Compensation 3.3 2.2 2.4 2.6 2.7 3.8 1.3 4.1 5.0 3.8 5.1 4.4 7.5 4.2 4.0 4.1 3.8 4.9 2.2 2.8 1.4 1.0 0.5 6.7 0 0
Change in Working Capital (51.4) (28.5) (2.9) (35.3) 6.9 (8.1) (7.7) 13.3 (5.6) (8.0) (14.9) (14.5) (23.1) 8.3 (10.4) 2.8 (38.7) 2.9 (6.5) (11.6) (19.0) 8.3 0.8 (13.3) 6.3 (3.1)
Other Non-Cash Items 3.0 4.6 0.6 (2.6) 0.7 1.3 17.5 1.4 3.2 2.4 51.2 10.5 3.0 (102.0) 0.3 0.9 0.3 (1.6) 2.7 2.0 5.2 0.0 0.0 0.0 0.0 0.4
Operating Cash Flow (41.4) (4.1) 19.4 (13.8) 15.6 14.0 15.7 37.8 12.9 26.4 27.7 27.9 9.9 34.4 11.8 19.1 (25.9) 2.6 7.4 3.7 (17.8) 16.0 19.2 1.0 17.9 7.5
Investing Activities
Capital Expenditure (7.6) (7.2) (10.4) (12.2) (3.2) (1.5) (2.4) (2.0) (2.5) (2.9) (3.3) (2.4) (2.0) (0.8) (0.2) (1.3) (0.9) (1.6) (0.7) (0.9) (0.9) (0.5) (1.4) (0.6) (0.8) (0.3)
Acquisitions 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 0 0 0 5.1 0 0 0 0 0 0 (0.3) 0 0 0 (0.5) 0 0 0 (12.9) 0 0 0 0 0 0 0
Investing Cash Flow (7.6) (7.2) (10.4) (7.1) (3.2) (1.5) (2.4) (2.0) (2.5) (2.9) (3.5) (2.4) (2.0) (0.8) (0.7) (1.3) (0.9) (1.6) (13.7) (0.9) (0.9) (0.5) (1.4) (0.6) (0.8) (0.3)
Financing Activities
Net Debt Issuance 45 10 (5) (10) 0 0 (5) (22) (15) (10) (20.5) (25.5) (3.5) (38.1) 0 (5.5) 34.5 (5.5) 10.6 9.1 (131.9) 353.7 (11.7) (9.3) 23.1 (3.4)
Stock Repurchased 0 (0.0) 0 (0.0) 0 0 (0.1) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.2) (3.7)
Other Financing Activities (1.3) 0 (0.1) 0.1 (0.3) (0.1) (0.3) (25.9) (2.8) (0.0) (0.3) (0.6) (6.7) (61.3) (3.2) (1.6) (4.2) (124.4) (160.2) (3.0) (134.2) (368.4) (11.1) (24) 0 2.5
Financing Cash Flow 43.7 10.0 (5.1) (10.0) (0.3) (0.1) (5.4) (47.9) (17.8) (10.0) (20.8) (26.1) (10.2) (56.5) (3.2) (7.1) 30.3 (5.6) 7.2 6.2 12.8 (14.7) (22.8) (33.3) 22.9 (4.6)
Cash Position
Net Change in Cash (5.4) (1.3) 3.9 (30.9) 12.1 12.4 7.9 (12.0) (7.5) 13.5 3.4 (0.6) (2.3) (22.9) 7.8 10.7 3.5 (4.6) 1.0 8.9 (5.8) 0.8 (5.1) (32.8) 40.1 2.6
Cash at Beginning 7.3 8.6 4.7 35.6 23.5 11.1 3.2 15.2 22.7 9.2 5.9 6.5 8.8 31.6 23.8 13.1 9.6 14.2 13.2 4.2 10.1 9.2 14.3 47.1 7.1 4.5
Cash at End 1.9 7.3 8.6 4.7 35.6 23.5 11.1 3.2 15.2 22.7 9.2 5.9 6.5 8.8 31.6 23.8 13.1 9.6 14.2 13.2 4.2 10.1 9.2 14.3 47.1 7.1
Free Cash Flow (49.1) (11.3) 9.0 (26.0) 12.3 12.5 13.3 35.8 10.4 23.5 24.4 25.5 7.9 33.7 11.5 17.8 (26.7) 1.0 6.7 2.8 (18.6) 15.5 17.7 0.4 17.1 7.2
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4
Income Statement
Revenue 140.6 148.3 135.8 110.8 80.4 107.0 102.2 99.2 90.8 130.4 134.2 119.2 105.1 94.7 90.8 73.5 68.0 48.0 59.8 59.7 45.6 38.8 52.6 43.4 40.7 37.9
Gross Profit 41.0 46.9 50.3 41.2 28.1 40.2 25.4 40.0 36.5 55.4 14.2 50.5 48.3 40.4 36.0 28.6 26.3 15.9 21.8 26.2 18.8 14.8 20.7 16.8 14.2 12.5
Operating Income 7.7 17.4 18.7 16.0 4.3 16.5 4.5 18.6 11.6 31.9 (10.6) 31.6 26.1 23.4 20.0 13.0 10.0 2.7 9.6 14.1 9.9 7.2 15.1 5.4 9.6 8.1
Net Income (0.3) 8.1 11.9 13.9 (0.3) 7.8 3.1 11.8 4.8 16.6 (9.8) 18.9 14.3 112.6 8.0 4.4 2.6 (1.8) 2.5 4.6 (2.9) 4.2 15.0 5.2 9.3 7.8
EPS (Diluted) -0.00 0.05 0.07 0.08 -0.00 0.05 0.02 0.07 0.03 0.10 -0.06 0.11 0.10 0.70 0.07 0.04 0.02 -0.02 0.02 0.05 -0.06 0.03 0.09 0.03 0.06 0.05
Balance Sheet
Cash & Equivalents 1.9 7.3 8.6 4.7 35.6 23.5 11.1 3.2 15.2 22.7 9.2 5.9 6.5 8.8 11.2 10.1 2.5 5.0 14.2 13.2 4.2 10.1 4.2 7.1
Total Assets 1,030.9 904.1 851.8 795.0 788.4 793.1 801.3 788.4 825.3 844.0 840.1 818.8 808.6 594.9 529.9 496.6 474.5 426.4 382.8 273.7 252.3 195.3 189.5 187.6
Total Debt 219.6 175.4 166.2 131.8 141.8 141.8 141.8 146.8 168.8 181.4 190.4 210.6 235.8 239.1 276.9 276.7 281.8 247.1 252.3 241.4 231.9 358.8 353.5 26.1
Stockholders' Equity 601.6 600.0 589.6 575.4 558.9 556.8 545.2 544.6 554.0 545.0 524.6 529.4 506.1 291.4 26.4 15.2 7.9 2.6 0.9 (14.9) (20.3) (184.1) (180.5) 149.9
Cash Flow
Operating Cash Flow (41.4) (4.1) 19.4 (13.8) 15.6 14.0 15.7 37.8 12.9 26.4 27.7 27.9 9.9 34.4 11.8 19.1 (25.9) 2.6 7.4 3.7 (17.8) 16.0 19.2 1.0 17.9 7.5
Capital Expenditure (7.6) (7.2) (10.4) (12.2) (3.2) (1.5) (2.4) (2.0) (2.5) (2.9) (3.3) (2.4) (2.0) (0.8) (0.2) (1.3) (0.9) (1.6) (0.7) (0.9) (0.9) (0.5) (1.4) (0.6) (0.8) (0.3)
Free Cash Flow (49.1) (11.3) 9.0 (26.0) 12.3 12.5 13.3 35.8 10.4 23.5 24.4 25.5 7.9 33.7 11.5 17.8 (26.7) 1.0 6.7 2.8 (18.6) 15.5 17.7 0.4 17.1 7.2